RLS TOPCO LIMITED
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Next accounts due
2026-11-30 (in 6mo)
Last filed for 2025-02-28
Confirmation statement due
2027-02-05 (in 9mo)
Last made up 2026-01-22
Watchouts
None on the register
Cash
£3M
Latest balance sheet
Net assets
-£7M
Equity attributable
Employees
118
Average over period
Profit before tax
-£7M
Period ending 2025-02-28
Net assets
1-year trend · vs Industrials median
Accounts
1-year trend · latest reflected 2025-02-28
| Metric | Trend | 2025-02-28 |
|---|---|---|
| Turnover | £34,805,000 | |
| 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 |
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
Latest filed period vs the prior one
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2025-02-28 |
|---|---|---|
| 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
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Saffery LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors have undertaken a comprehensive going concern review as part of the 2025 statutory accounts process, augmented by regular and routine cash planning linked to the preparation of short and medium-term forecasts. The Directors are confident that the Group has sufficient headroom within its committed facilities to support a range of downside risk scenarios that could arise.”
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
- “On 19 February 2024, the Company completed the acquisition of the Recycling Lives Services businesses, being Recycling Lives Compliance Services Limited, Recycling Lives (Environmental Services) Limited, RLS Propco Limited and RLS EfW Limited.”
- “The 2025 financial year represents the first full year of trading for the Group, resulting in a pleasing financial performance in the context of disruption, additional cost and integration work.”
- “Commencement of new battery compliance scheme for the 2025 scheme year, including securing multiple new producers and achieving better-than-expected tonnage commitments.”
- “The WEEE and Packaging compliance schemes have achieved producer obligations for the scheme year ended 31 December 2024 (the Battery compliance scheme commenced 1 January 2025).”
- “Achieved ongoing improvement in a range of operational metrics, including sorting 1,042 tonnes of batteries and dismantling 5,717 tonnes of display equipment in the financial year.”
- “The 2025 financial year saw the first issue of our sustainability report.”
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 26 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 | |
|---|---|---|---|---|
| 2026-04-29 | 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 | |
| 2024-05-07 | AD01 | address | Change registered office address company with date old address new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- 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.