Ready Rent a Car (Grimsby) Limited
Registered name: READY RENT A CAR (GRIMSBY) LIMITED
Ready Rent a Car (Grimsby) Limited made £9.4m revenue and a £1.2m loss in the year to 28 Feb 2025.
Ready Rent a Car (Grimsby) Limited’s revenue grew 3% to £9.4m in the year to 28 Feb 2025, with a loss of £1.2m and 46 employees. The company is classified under “renting and leasing of cars and light motor vehicles” and is based in North East Lincolnshire; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- North East Lincolnshire, Yorkshire and The Humber
- Age
- 39 yrs · since 1987
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 28 Feb 2022 | 28 Feb 2023 | 29 Feb 2024 | 28 Feb 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £8.5m | £8.9m | £9.2m | £9.4m |
| Cost of sales | £3.1m | £4m | £6.1m | £7m |
| Gross profit | £5.3m | £4.9m | £3.1m | £2.4m |
| Operating profit | £3.8m | £2.6m | £1.1m | −£150k |
| Profit before tax | £3.2m | £2m | −£50.6k | −£1.5m |
| Profit after tax | £2.4m | £1.5m | −£55.6k | −£1.2m |
| Profit (best available) | £2.4m | £1.5m | −£55.6k | −£1.2m |
| Staff costs | — | — | £1.4m | £1.5m |
| Employees (average) | 57 | 57 | 53 | 46 |
| Ratios | ||||
| Profit margin | 28.7% | 17.1% | −0.6% | −12.6% |
| Gross margin | 62.8% | 55.3% | 33.5% | 25.6% |
| Revenue per employee | £149k | £157k | £173k | £205k |
| Profit per employee | £42.7k | £26.8k | −£1.1k | −£25.9k |
| Cash conversion | −147.9% | −159.6% | −452.7% | — |
| Growth (year on year) | ||||
| Revenue growth | — | ▲5.4% | ▲2.5% | ▲2.9% |
| Profit growth | — | ▼37.3% | ▼103.6% | — |
| Headcount growth | — | 0% | ▼7% | ▼13.2% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £36.1k | £13.5k | £17.3k | £62.4k |
| Net assets | £13.1m | £14.3m | £14.1m | £13.1m |
| Fixed assets | £23.7m | £26.2m | £29.2m | £28.2m |
| Current assets | £1.4m | £1.3m | £1.7m | £2.7m |
| Debtors | £1.1m | £1.1m | £1.4m | £1.4m |
| Cash from operations | −£5.6m | −£4.2m | −£4.9m | £4.1m |
| Source | Accounts · bulk data Nov 2023 | Accounts · bulk data Nov 2023 | FullAccounts · bulk data Nov 2024 | FullAccounts · bulk data Feb 2026 |
How the business works
- Profit margin
- −12.6%
- Profit ÷ revenue.
- Gross margin
- 25.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £205k
- Revenue ÷ average employees.
- Profit per employee
- −£25.9k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 299.3%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 14.7%
- 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
- ▼7%
- Now £13.1m
- Cash at bank
- ▲262%
- Now £62.4k
- Headcount
- ▼13%
- Now 46
- Deferred income
- —
- Now —
- Fixed assets
- ▼3%
- Now £28.2m
Similar profitable businesses
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- Knowles Associates-Total Fleet Management LimitedColchester · Renting and leasing of cars and light motor vehicles
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- Rabbits Vehicle Hire LimitedReading · Renting and leasing of cars and light motor vehicles
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Sources
Latest figures from FullAccounts for the year to 28 Feb 2025 (profit −£1.2m), from the Companies House accounts bulk data published Feb 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.