Project Rhine Realisations 2026 Limited
Registered name: PROJECT RHINE REALISATIONS 2026 LIMITED
Part of Simpson Group Limited groupProject Rhine Realisations 2026 Limited made £13.4m revenue and a £1.4m loss in the year to 31 Dec 2024. read from filing text
Project Rhine Realisations 2026 Limited’s revenue was £13.4m in the year to 31 Dec 2024, with a loss of £1.4m and 165 employees. The company is classified under “manufacture of other articles of paper and paperboard” and is based in London; we hold 2 years of its filed accounts.
- Status
- In Administration
- Location
- London, London
- Age
- 54 yrs · since 1972
- Type
- Private Limited Company
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “The company's immediate parent is Simpson Group Limited, incorporated in England and Wales.”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||
| Revenue (turnover) | £13.5m | £13.4m |
| Cost of sales | £9.2m | £9.6m |
| Gross profit | £4.3m | £3.8m |
| Operating profit | £617k | −£1.2m |
| Profit before tax | £481k | −£1.4m |
| Profit after tax | £385k | −£1.4m |
| Profit (best available) | £385k | −£1.4m |
| Staff costs | £3.6m | £3.9m |
| Employees (average) | 162 | 165 |
| Ratios | ||
| Profit margin | 2.9% | −10.6% |
| Gross margin | 31.7% | 28.3% |
| Revenue per employee | £83.1k | £81.2k |
| Profit per employee | £2.4k | −£8.6k |
| Growth (year on year) | ||
| Revenue growth | — | ▼0.5% |
| Profit growth | — | ▼469.2% |
| Headcount growth | — | ▲1.8% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £192k | £38.6k |
| Net assets | £2.7m | £1.3m |
| Fixed assets | £911k | £672k |
| Current assets | £8m | £7.2m |
| Debtors | £2.3m | £3m |
| Deferred income | £48.7k | £37.9k |
| Source | FullAccounts · bulk data Sep 2025 | FullAccounts · bulk data Sep 2025 |
How the business works
- Profit margin
- −10.6%
- Profit ÷ revenue.
- Gross margin
- 28.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £81.2k
- Revenue ÷ average employees.
- Profit per employee
- −£8.6k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 5%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 0.3%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 22.5%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▼53%
- Now £1.3m
- Cash at bank
- ▼80%
- Now £38.6k
- Headcount
- ▲2%
- Now 165
- Deferred income
- ▼22%
- Now £37.9k
- Fixed assets
- ▼26%
- Now £672k
Group structure
Ownership chain
- Simpson Group Limitedultimate parent75–100%
- Project Rhine Realisations 2026 Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (2)
- Lifeart Coffins North LimitedActive - Proposal to Strike offFigures not disclosed
- SG Transport (North East) LimitedActive - Proposal to Strike offFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2024 (profit −£1.4m), from the Companies House accounts bulk data published Sep 2025. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.