DRAGONS RFC LIMITED
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Cash
£53K
-65% vs 2024
Net assets
-£8.7M
-5.7% vs 2024
Employees
137
+6.2% vs 2024
Profit before tax
-£531K
+54% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-06-30
| Metric | Trend | 2024-06-30 | 2025-06-30 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £10,969,063 | £11,842,559 | +8% | |
| Operating profit | -£780,028 | -£129,120 | +83.4% | |
| Profit before tax | -£1,155,398 | -£531,360 | +54% | |
| Net profit | -£1,165,876 | -£468,094 | +59.9% | |
| Cash | £150,851 | £52,738 | -65% | |
| Total assets less current liabilities | £2,062,928 | £439,684 | -78.7% | |
| Net assets | -£8,188,128 | -£8,656,222 | -5.7% | |
| Equity | -£8,188,128 | -£8,656,222 | -5.7% | |
| Average employees | 129 | 137 | +6.2% | |
| Wages | — | — | — | |
| Directors' remuneration | — | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-06-30 | 2025-06-30 |
|---|---|---|---|
| Operating margin | -7.1% | -1.1% | |
| Net margin | -10.6% | -4.0% | |
| Return on capital employed | -37.8% | -29.4% | |
| Current ratio | 0.21x | 0.15x | |
| Interest cover | -2.06x | -0.32x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- DRAGONS RFC LIMITED 2023-10-17 → present
- WRU GWENT REGION LIMITED 2017-05-16 → 2023-10-17
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Carston ETL
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The financial statements have been prepared on a going concern basis. Dragons Rugby continues to play professional rugby union and has sufficient funding available to do so as planned for the foreseeable future. The Group is reliant on support of its investors, the WRU, goodwill of fans, commercial partners and directors. The funding agreement has been agreed with the WRU, providing further certainty over funds and cash flow, and in addition the primary investors have entered into a binding agreement to financially support the Group as required. The directors have prepared cash flow forecasts for a period of 12 months from the date of approval of these financial statements. The forecasts indicate the Group will have sufficient funds to meet its liabilities as they fall due for a period of at least 12 months from the approval of the accounts.”
Group structure
- DRAGONS RFC LIMITED · parent
- Dragons Rugby Limited 100%
- Dragons Stadium Limited 100%
Significant events
- “Post year-end an agreement was signed with the loan provider to convert £2,813,00 of the loan balance to equity. This debt to equity conversion will lead to the Group reporting a net asset position on the consolidated balance sheet. Post year-end it was confirmed that the 65 preference shares of £100,000 each will be cancelled and extinguished. This will result in an improvement to the net liabilities position on the balance sheet of £6,500,000.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 14 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BUTTRESS, David | Director | 2017-10-04 | Mar 1976 | British |
| WRIGHT, David John | Director | 2023-10-16 | Dec 1964 | British |
Show 14 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| LEWIS, Rhodri Prys | Secretary | 2017-05-16 | 2020-09-25 |
| WILLIAMS, Rhys James | Secretary | 2020-09-25 | 2023-10-16 |
| BRADBURY, Graeme | Director | 2023-10-16 | 2024-05-15 |
| BURGESS, Liza | Director | 2020-11-30 | 2021-11-12 |
| DAVIES, Michael John Lewis | Director | 2018-05-04 | 2019-04-15 |
| GRIFFIN, Timothy David | Director | 2019-11-27 | 2021-04-30 |
| JEFFERY, Ian Frederick | Director | 2017-10-04 | 2022-10-27 |
| LEWIS, Rhodri Prys | Director | 2017-05-16 | 2017-10-04 |
| MOSS, Timothy Gerard | Director | 2019-11-27 | 2020-11-30 |
| PARKER, Brynley Ronald | Director | 2021-05-01 | 2023-10-16 |
| PHILLIPS, Richard Stephen | Director | 2017-05-16 | 2019-11-27 |
| PHILLIPS, William Martyn | Director | 2017-05-16 | 2017-10-04 |
| REYNOLDS, David Jonathan | Director | 2017-10-04 | 2023-10-16 |
| WILKS, Colin | Director | 2021-11-12 | 2023-10-16 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Dragons Rfc International Limited | Corporate entity | Shares 75–100% | 2023-10-16 | Active |
| The Welsh Rugby Union Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-05-16 | Ceased 2023-10-16 |
Filing timeline
Last 20 of 59 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-10-17 CERTNM Certificate change of name company PDF
- 2023-10-16 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-31 | AA | accounts | Accounts with accounts type group | |
| 2025-09-29 | AA | accounts | Accounts with accounts type small | |
| 2025-06-19 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-08 | AA | accounts | Accounts with accounts type small | |
| 2024-06-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-06-10 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-26 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-10-25 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2023-10-23 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-10-23 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-23 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-17 | CERTNM | change-of-name | Certificate change of name company | |
| 2023-10-16 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-10-16 | TM01 | officers | Termination director company with name termination date | |
| 2023-10-16 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-16 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-16 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2023-10-16 | SH20 | capital | Legacy | |
| 2023-10-16 | CAP-SS | insolvency | Legacy | |
| 2023-10-16 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.