RAVAGO BUILDING SOLUTIONS UK LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  +4.1%

  £29,371,381 → £30,580,876

• Cash

  -56.7%

  £97,274 → £42,103

• Net assets

  +8.4%

  £8,944,933 → £9,699,805

• Employees

  +2.3%

  43 → 44

• Operating profit

  +31%

  £4,837,981 → £6,336,192

• Profit before tax

  +32.4%

  £4,771,408 → £6,319,469

• Wages

  +1.1%

  £2,104,509 → £2,127,382

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

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.

1. RAVAGO BUILDING SOLUTIONS UK LIMITED 2018-08-22 → present
2. RAVAGO BUILDING SOLUTIONS LIMITED 2018-08-08 → 2018-08-22

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

MHA

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

• “Competitive pressure continues to be a key risk to the business. An increase in UK based XPS manufacturers is likely to increase the level of competition in the coming year, plus there are overseas manufacturers who are looking to increase market share.”
• “Legislative risks, particularly within the building industry remains a risk to the business. Following the Grenfell Tower fire in June 2017, new regulations have come into force, banning all combustible products in vertical applications above 18 meters. Fire risk is a high profile issue that is having an impact on insurances and mortgages on new properties. Therefore, developing our products to ensure they are of the highest safety level and compliant with legislation remains a key focus of the business.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.