How much does Rhames Ltd make?

Rhames Ltd reported revenue of £17.3m and £2.9m profit in the year to 31 Oct 2025, according to its accounts filed at Companies House.

How many employees does Rhames Ltd have?

Rhames Ltd reported an average of 66 employees in the year to 31 Oct 2025.

Is Rhames Ltd profitable?

Yes — Rhames Ltd reported a profit of £2.9m in the year to 31 Oct 2025.

Company No. 03772322 · Incorporated 18 May 1999

Rhames Ltd

Registered name: RHAMES LTD

Part of Yates Asset Holdings Limited group

Rhames Ltd made £17.3m revenue and £2.9m profit in the year to 31 Oct 2025. read from filing text

Rhames Ltd’s revenue grew 44% to £17.3m in the year to 31 Oct 2025, with £2.9m profit and 66 employees. The company is classified under “manufacture of other special-purpose machinery” and is based in Nottingham; we hold 4 years of its filed accounts.

Full P&L filedSection C · ManufacturingSIC 28990Manufacture of other special-purpose machinery n.e.c.

Status: Active
Location: Nottingham, East Midlands
Age: 27 yrs · since 1999
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 ultimate parent undertaking is Yates Asset Holdings Limited”

Latest accounts · year to 31 Oct 2025

Key figures

Capital-lightOperating leverage

Revenue

£17.3m

Growth ▲43.8%

Profit

£2.9m

Growth ▲192.5%

Profit margin

16.6%

Gross 38.5%

Employees

Change ▲20%

Profit / employee

£43.7k

Revenue/employee £263k

Profitable streak

2yrs

Consecutive profitable years in our data

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

4 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Oct 2023	31 Oct 2024	31 Oct 2025
Disclosure	No P&L	No P&L	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	—	—	£12.1m	£17.3m
Cost of sales	—	—	£9m	£10.7m
Gross profit	—	—	£3.1m	£6.7m
Operating profit	—	—	£1.3m	£3.9m
Profit before tax	—	—	£1.3m	£3.8m
Profit after tax	—	—	£986k	£2.9m
Profit (best available)	—	—	£986k	£2.9m
Staff costs	—	—	£2.5m	£3.3m
Employees (average)	32	44	55	66
Ratios
Profit margin	—	—	8.2%	16.6%
Gross margin	—	—	25.7%	38.5%
Revenue per employee	—	—	£219k	£263k
Profit per employee	—	—	£17.9k	£43.7k
Growth (year on year)
Revenue growth	—	—	—	▲43.8%
Profit growth	—	—	—	▲192.5%
Headcount growth	—	—	—	▲20%
Balance sheet — indirect signals, not revenue
Cash at bank	£28.1k	£641k	£1.4m	£2.8m
Net assets	£439k	£905k	£1.5m	£1.8m
Fixed assets	£322k	£376k	£548k	£1.4m
Current assets	£1.7m	£4.9m	£4.3m	£9.2m
Debtors	£1.5m	£3.7m	£2.6m	£4m
Deferred income	—	—	£6k	£23.1k
Source	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Dec 2023	FullAccounts · bulk data Apr 2025	FullAccounts · bulk data Jul 2026

Derived from the latest filing

How the business works

Profit margin: 16.6%; Profit ÷ revenue.
Gross margin: 38.5%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £263k; Revenue ÷ average employees.
Profit per employee: £43.7k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 8.1%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0.1%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 22.8%; 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: ▲25%; Now £1.8m
Cash at bank: ▲105%; Now £2.8m
Headcount: ▲20%; Now 66
Deferred income: ▲285%; Now £23.1k
Fixed assets: ▲156%; Now £1.4m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Yates Asset Holdings Limitedultimate parent75–100%
Rhames Ltdthis company

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

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

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Oct 2025 (profit £2.9m), from the Companies House accounts bulk data published Jul 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.