RLS TOPCO LIMITED
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Cash
—
Latest balance sheet
Net assets
—
Equity attributable
Employees
—
Average over period
Profit before tax
—
Period ending 2026-02-28
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2026-02-28
| Metric | Trend | 2025-02-28 | 2026-02-28 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £34,805,000 | £36,084,000 | — | |
| Operating profit | -£2,791,000 | — | — | |
| Profit before tax | -£7,376,000 | — | — | |
| Net profit | -£7,043,000 | — | — | |
| Cash | £2,606,000 | — | — | |
| Total assets less current liabilities | £20,410,000 | — | — | |
| Net assets | -£7,028,000 | — | — | |
| Equity | -£7,028,000 | — | — | |
| Average employees | 118 | — | — | |
| Wages | £4,595,000 | — | — | |
| Directors' remuneration | £299,000 | — | — | |
| Directors' pension contributions | £19,000 | — | — | |
| Highest paid director | £314,000 | — | — |
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 —. Year-on-year comparison hidden: this filing covers about 12 months versus 13 months prior. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2025-02-28 | 2026-02-28 |
|---|---|---|---|
| Operating margin | -8.0% | — | |
| Net margin | -20.2% | — | |
| Return on capital employed | -13.7% | — | |
| Gearing (liabilities / total assets) | 117.3% | — | |
| Current ratio | 0.52x | — | |
| Interest cover | -0.61x | — |
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
- Consolidated group
- Auditor
- Saffery LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Taking all of the above into consideration, the Directors continue to adopt the going concern basis in preparing the Company and Group Financial Statements and do not consider there to be any material uncertainties arising.”
Group structure
- RLS TOPCO LIMITED · parent
- RLS PropCo Limited 100%
- RLS EFW Limited 100%
- Recycling Lives Compliance Services Limited 100%
- Recycling Lives (Environmental Services) Limited 100%
Significant events
- “Continued one-off and non-recurring integration and business improvement costs linked to the carve out of the Group in January 2024.”
- “Impact of a material bad debt within the Compliance Services business that has caused wider market disruption for all industry participants.”
- “Active working capital management to ensure appropriate funding headroom and compliance with banking facilities.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GITTINGS, Nicholas James | Director | 2024-07-01 | Oct 1975 | British |
| KNIGHT, Daniel Rhys | Director | 2024-07-01 | May 1989 | British |
| MURPHY, Adrian Michael | Director | 2024-07-01 | Feb 1968 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BLOK, Arjan | Director | 2024-01-23 | 2026-04-29 |
| CALVO, Pablo Velez | Director | 2024-01-23 | 2024-07-05 |
| HARRIS, Robert John | Director | 2025-06-02 | 2025-12-19 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mauro Moretti | Individual | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-01-23 | Ceased 2024-01-23 |
Filing timeline
Last 20 of 27 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-01-15 MA Memorandum articles
- 2025-01-15 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-19 | AA | accounts | Accounts with accounts type group | |
| 2026-04-29 | TM01 | officers | Termination director company with name termination date | |
| 2026-02-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-01-03 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-19 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-09-11 | AA | accounts | Accounts with accounts type group | |
| 2025-06-05 | SH01 | capital | Capital allotment shares | |
| 2025-06-05 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-20 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-01-15 | MA | incorporation | Memorandum articles | |
| 2025-01-15 | RESOLUTIONS | resolution | Resolution | |
| 2025-01-14 | SH01 | capital | Capital allotment shares | |
| 2025-01-14 | SH02 | capital | Capital alter shares subdivision | |
| 2025-01-14 | SH08 | capital | Capital name of class of shares | |
| 2025-01-09 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2025-01-09 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-07-17 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-04 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-04 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-03 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 4
- Officers appointed
- 0
- Officers resigned
- 2
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.