How much does Rayware Limited make?

Rayware Limited reported revenue of £25.4m and a loss of £723k in the year to 31 Dec 2025, according to its accounts filed at Companies House.

How many employees does Rayware Limited have?

Rayware Limited reported an average of 139 employees in the year to 31 Dec 2025.

Is Rayware Limited profitable?

No — Rayware Limited reported a loss of £723k in the year to 31 Dec 2025.

Company No. 01237389 · Incorporated 12 Dec 1975

Rayware Limited

Registered name: RAYWARE LIMITED

Part of Hamsard 3634 Limited group

Rayware Limited made £25.4m revenue and a £723k loss in the year to 31 Dec 2025.

Rayware Limited’s revenue fell 4% to £25.4m in the year to 31 Dec 2025, with a loss of £723k and 139 employees. The company is classified under “wholesale of household goods (other than musical instruments)” and is based in Liverpool; we hold 3 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46499Wholesale of household goods (other than musical instruments) n.e.c.SIC 90030Artistic creation

Status: Active
Location: Liverpool, North West
Age: 50 yrs · since 1975
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: “Hamsard 3636 Limited”

Latest accounts · year to 31 Dec 2025

Key figures

Capital-light

Revenue

£25.4m

Growth ▼4.2%

Profit

−£723k

Growth —

Profit margin

−2.9%

Gross 49.9%

Employees

139

Change ▼2.1%

Profit / employee

−£5.2k

Revenue/employee £183k

Profitable streak

0yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2023	31 Dec 2024	31 Dec 2025
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£26.5m	£26.5m	£25.4m
Cost of sales	£13.7m	£13.2m	£12.7m
Gross profit	£12.8m	£13.3m	£12.7m
Profit before tax	−£2.1m	−£157k	−£723k
Profit after tax	−£1.6m	−£348k	−£723k
Profit (best available)	−£1.6m	−£348k	−£723k
Staff costs	£5.7m	£6.2m	£6.3m
Employees (average)	155	142	139
Ratios
Profit margin	−6%	−1.3%	−2.9%
Gross margin	48.1%	50%	49.9%
Revenue per employee	£171k	£187k	£183k
Profit per employee	−£10.2k	−£2.4k	−£5.2k
Growth (year on year)
Revenue growth	—	▲0%	▼4.2%
Headcount growth	—	▼8.4%	▼2.1%
Balance sheet — indirect signals, not revenue
Cash at bank	£2.4m	£2.1m	£855k
Net assets	£4.8m	£4.4m	£3.7m
Fixed assets	£861k	£818k	£829k
Current assets	£15.8m	£16.6m	£13.8m
Debtors	£4m	£4.6m	£4.6m
Source	FullAccounts · bulk data Jul 2025	FullAccounts · bulk data Jul 2025	FullAccounts · bulk data Sep 2026

Derived from the latest filing

How the business works

Profit margin: −2.9%; Profit ÷ revenue.
Gross margin: 49.9%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £183k; Revenue ÷ average employees.
Profit per employee: −£5.2k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 3.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 18.2%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

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: ▼16%; Now £3.7m
Cash at bank: ▼60%; Now £855k
Headcount: ▼2%; Now 139
Deferred income: —; Now —
Fixed assets: ▲1%; Now £829k

Corporate ownership

Group structure

Ownership chain

Hamsard 3634 Limitedultimate parent75–100%
Hamsard 3636 Limited75–100%
Rayware Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Subsidiaries (2)

L.s.a. International LimitedFigures not disclosed
Lubkowski Saunders and Associates LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2025 (profit −£723k), from the Companies House accounts bulk data published Sep 2026. 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.