DYNEX/RIVETT INC
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Cash
£2M
USD 2,020,432
-27.5% vs 2023
Net assets
£9M
USD 12,634,663
-3.5% vs 2023
Employees
—
Average over period
Profit before tax
£218K
USD 292,220
-78.3% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Audit opinion: Disclaimer of opinion
Latest auditor's report carried a non-clean opinion.
Net assets
2-year trend · vs Unclassified median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £13,435,816 | £12,964,028 | |
| Operating profit | £1,041,798 | £247,881 | |
| Profit before tax | £1,005,802 | £218,450 | |
| Net profit | £1,005,802 | £218,450 | |
| Cash | £2,084,313 | £1,510,378 | |
| Total assets less current liabilities | £9,799,276 | £9,445,065 | |
| Net assets | £9,788,529 | £9,445,065 | |
| Equity | £9,788,529 | £9,445,065 | |
| Average employees | — | — | |
| Wages | — | — | |
| Directors' remuneration | — | £148,976 |
Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — 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
-3.5%
£13,435,816 £12,964,028
-
Cash
-27.5%
£2,084,313 £1,510,378
-
Net assets
-3.5%
£9,788,529 £9,445,065
-
Employees
—
Not reported
-
Operating profit
-76.2%
£1,041,798 £247,881
-
Profit before tax
-78.3%
£1,005,802 £218,450
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 7.8% | 1.9% | |
| Net margin | 7.5% | 1.7% | |
| Return on capital employed | 10.6% | 2.6% | |
| Gearing (liabilities / total assets) | 14.1% | 15.7% | |
| Current ratio | 6.02x | 5.28x |
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
- US GAAP
- Reporting scope
- Consolidated group
- Auditor
- Sikich CPA LLC
- Audit opinion
- Disclaimer of opinion
Group structure
- DYNEX/RIVETT INC · parent
- Dynex Worldwide, Inc. 100%
- Dynex Rivett Inc FZE (Dynex UAE) 100%
Significant events
- “During 2023, the Company began the process of terminating its frozen defined benefit plan. The Company is in-process of obtaining Pension Benefit Guaranty Corporation ("PBGC") approval of its termination. The Company expects to receive approval in 2025 and will begin making settlement payments to participants.”
- “During 2021, the Company applied for $436,636 under the ERC program. The Company recognized this amount as income upon application, and payment was received during 2023. The Company's ERC application is subject to audit by the U.S. Treasury up to 5 years following the year the credit was claimed.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HAASE-SCHNELL, Ann | Secretary | 2002-12-31 | — | British |
| WARELL, Raymond | Director | 2008-01-01 | Mar 1958 | American |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BOEBEL, Steven | Secretary | 1993-07-02 | 2002-12-31 |
| WARRELL, Raymond M | Director | 1993-07-02 | 2011-06-03 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 51 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-10-20 | AA | accounts | Accounts with accounts type group | |
| 2024-10-14 | AA | accounts | Accounts with accounts type group | |
| 2023-10-05 | AA | accounts | Accounts with accounts type full | |
| 2022-10-05 | AA | accounts | Accounts with accounts type full | |
| 2021-10-11 | AA | accounts | Accounts with accounts type full | |
| 2020-10-15 | AA | accounts | Accounts with accounts type full | |
| 2019-09-09 | AA | accounts | Accounts with accounts type full | |
| 2018-10-08 | AA | accounts | Accounts with accounts type full | |
| 2017-10-06 | AA | accounts | Accounts with accounts type full | |
| 2016-11-08 | AA | accounts | Accounts with accounts type full | |
| 2015-10-05 | AA | accounts | Accounts with accounts type full | |
| 2014-04-15 | AA | accounts | Accounts with accounts type full | |
| 2013-05-29 | AA | accounts | Accounts with accounts type full | |
| 2012-03-26 | AA | accounts | Accounts with accounts type full | |
| 2011-07-26 | OSTM01 | officers | Termination person director overseas company with name | |
| 2011-07-14 | AA | accounts | Accounts with accounts type full | |
| 2010-07-21 | OSTM02 | officers | Termination person secretary overseas company with name | |
| 2010-07-21 | OSAP03 | officers | Appoint person secretary overseas company | |
| 2010-07-21 | OSAP01 | officers | Appoint person director overseas company | |
| 2010-05-28 | AA | accounts | Accounts with accounts type full |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 1
- 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.