REE AUTOMOTIVE UK LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-11-05 (in 6mo)
Last made up 2025-10-22
Watchouts
Cash
£165K
+17.2% vs 2023
Net assets
£10M
+0.3% vs 2023
Employees
103
-8.8% vs 2023
Profit before tax
-£2M
-145.9% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
Taking the above into account the directors are of the opinion that there is material uncertainty of the company to continue as going concern.
Net assets
4-year trend · vs Consumer Discretionary median
Accounts
4-year trend · latest reflected 2024-12-31
| Metric | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Turnover | — | — | £31,483,840 | £27,250,495 | |
| Operating profit | — | — | £4,473,438 | -£1,815,252 | |
| Profit before tax | — | — | £4,332,580 | -£1,989,925 | |
| Net profit | — | — | £1,395,897 | -£1,660,544 | |
| Cash | £1,005,431 | £1,751,563 | £140,612 | £164,754 | |
| Total assets less current liabilities | — | — | £24,847,831 | £25,263,636 | |
| Net assets | £486,961 | £6,072,391 | £9,992,951 | £10,019,828 | |
| Equity | £486,961 | £6,072,391 | £9,992,951 | £10,019,828 | |
| Average employees | 55 | 131 | 113 | 103 | |
| Wages | — | — | £11,902,142 | £9,939,382 | |
| 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. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-13.4%
£31,483,840 £27,250,495
-
Cash
+17.2%
£140,612 £164,754
-
Net assets
+0.3%
£9,992,951 £10,019,828
-
Employees
-8.8%
113 103
-
Operating profit
-140.6%
£4,473,438 -£1,815,252
-
Profit before tax
-145.9%
£4,332,580 -£1,989,925
-
Wages
-16.5%
£11,902,142 £9,939,382
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Operating margin | — | — | 14.2% | -6.7% | |
| Net margin | — | — | 4.4% | -6.1% | |
| Return on capital employed | — | — | 18.0% | -7.2% | |
| Current ratio | — | — | 3.45x | 3.19x | |
| Interest cover | — | — | 18.72x | -7.58x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Hampden
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“Taking the above into account the directors are of the opinion that there is material uncertainty of the company to continue as going concern.”
Significant events
- “Due to the cash flow difficulties of the parent company, the management decided on substantial cost reductions in 2025 including pausing production for the group. As a result an impairment of £13.8 million was made to the value of the fixed assets.”
- “In addition, the company agreed with the landlord to terminate the lease agreement in March 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DOW, Peter Ivan, Dr | Director | 2023-08-22 | Mar 1970 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BAREL, Daniel | Director | 2020-11-24 | 2025-12-11 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ree Automotive Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-02-06 | Active |
Filing timeline
Last 16 of 16 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-24 | AA | accounts | Accounts with accounts type full | |
| 2025-12-11 | TM01 | officers | Termination director company with name termination date | |
| 2025-10-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-31 | AA | accounts | Accounts with accounts type full | |
| 2024-11-26 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-01-09 | AA | accounts | Accounts with accounts type small | |
| 2023-12-06 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-08-22 | AP01 | officers | Appoint person director company with name date | |
| 2023-08-22 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-02-07 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2023-02-07 | PSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement | |
| 2022-11-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-21 | AA | accounts | Accounts with accounts type small | |
| 2021-12-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-12-07 | AA01 | accounts | Change account reference date company current extended | |
| 2020-11-24 | NEWINC | incorporation | Incorporation company |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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.