RAD LIMITED
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-06-30
Confirmation statement due
2026-11-01 (in 6mo)
Last made up 2025-10-18
Watchouts
Cash
£7M
+14,304.2% highest in 3 filed years
Net assets
£13M
+29.4% vs 2023
Employees
674
+13.9% vs 2023
Profit before tax
£4M
+43.3% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Audit opinion: Qualified
Latest auditor's report carried a non-clean opinion.
Net assets
3-year trend · vs Consumer Discretionary median
Accounts
3-year trend · latest reflected 2024-06-30
| Metric | Trend | 2022-06-30 | 2023-06-30 | 2024-06-30 |
|---|---|---|---|---|
| Turnover | — | £28,068,081 | £38,028,521 | |
| Operating profit | — | £3,157,237 | £5,563,701 | |
| Profit before tax | — | £2,774,873 | £3,977,126 | |
| Net profit | — | £2,052,112 | £2,893,631 | |
| Cash | £3,674,236 | £46,824 | £6,744,615 | |
| Total assets less current liabilities | — | £20,792,383 | £40,350,979 | |
| Net assets | — | £9,841,141 | £12,734,772 | |
| Equity | £7,815,707 | £9,841,141 | £12,734,772 | |
| Average employees | — | 592 | 674 | |
| Wages | — | £9,127,733 | £12,502,734 | |
| Directors' remuneration | — | £172,601 | £162,508 |
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 2024-06-30 vs 2023-06-30
-
Turnover
+35.5%
£28,068,081 £38,028,521
-
Cash
+14,304.2%
£46,824 £6,744,615
highest in 3 filed years
-
Net assets
+29.4%
£9,841,141 £12,734,772
-
Employees
+13.9%
592 674
-
Operating profit
+76.2%
£3,157,237 £5,563,701
-
Profit before tax
+43.3%
£2,774,873 £3,977,126
-
Wages
+37%
£9,127,733 £12,502,734
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 | 2022-06-30 | 2023-06-30 | 2024-06-30 |
|---|---|---|---|---|
| Operating margin | — | 11.2% | 14.6% | |
| Net margin | — | 7.3% | 7.6% | |
| Return on capital employed | — | 15.2% | 13.8% | |
| Current ratio | — | 0.32x | 0.68x | |
| Interest cover | — | 8.26x | 3.51x |
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
- William Duncan + Co (Audit) Ltd
- Audit opinion
- Qualified
- 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.”
Group structure
- RAD LIMITED · parent
- Fairfield House Hotel (Ayr) Limited 100%
- Fairfield House Hotel Limited 100%
- RB Woodlands Limited 100%
- Hydro Services (Seamill) 100%
Significant events
- “In September 2023, an acquisition was made by RAD Ltd of the iconic Seamill Hydro Hotel and leisure Club in West Kilbride.”
- “A £1m investment in the refurbishment and extension of the Firth Pavilion and Firth Lounge was commenced in the financial year to 30th June 2024 and completed in March 2025.”
- “Lochside Hotel and Spa: The garden Suites were refurbished in the financial year and the seven New Lodges opened May 2023.”
- “Carlton Hotel investment prior to The British Open 2024 was completed for the refurbishment of all bedrooms.”
- “Brig o' Doon: The £1.5m spent upgrading the grand ballroom and installing a terrace and a circulation area, creating a garden lounge, in the lower ground floor has been a very sound investment.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KYLE, Vivien | Secretary | 1995-05-01 | — | British |
| KYLE, Aaron Thomas | Director | 2021-08-18 | Aug 1991 | British |
| KYLE, Robert Arthur Duncan | Director | 1995-05-01 | May 1964 | British |
| KYLE, Vivien | Director | 2021-08-18 | Dec 1963 | British |
| STEVENSON, Thomas John Christopher | Director | 2014-06-23 | May 1959 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| REID, Brian | Secretary | 1995-04-25 | 1995-04-25 |
| MABBOTT, Stephen | Nominee Director | 1995-04-25 | 1995-04-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mrs Vivien Kyle | Individual | Shares 25–50%, Voting 25–50% | 2022-07-01 | Active |
| Mr Robert Arthur Duncan Kyle | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Active |
Filing timeline
Last 20 of 126 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-05-12 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-01-27 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-26 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-09-04 | PSC04 | persons-with-significant-control | Change to a person with significant control | |
| 2025-06-30 | AA | accounts | Accounts with accounts type group | |
| 2024-11-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-04 | AA | accounts | Accounts with accounts type group | |
| 2024-03-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-10-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-10 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-10-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-10-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-10-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-10-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-10-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-10-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-10-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-10-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-10-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-10-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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.