How much does Rhi Industrials Limited make?

Rhi Industrials Limited reported revenue of £17.4m and £1.3m profit in the year to 28 Feb 2023, according to its accounts filed at Companies House.

How many employees does Rhi Industrials Limited have?

Rhi Industrials Limited reported an average of 109 employees in the year to 28 Feb 2023.

Is Rhi Industrials Limited profitable?

Yes — Rhi Industrials Limited reported a profit of £1.3m in the year to 28 Feb 2023.

Company No. 04233669 · Incorporated 13 Jun 2001

Rhi Industrials Limited

Registered name: RHI INDUSTRIALS LIMITED

Part of Mitie Group PLC group

Rhi Industrials Limited made £17.4m revenue and £1.3m profit in the year to 28 Feb 2023. read from filing text

Rhi Industrials Limited’s revenue grew 26% to £17.4m in the year to 28 Feb 2023, with £1.3m profit and 109 employees. The company is classified under “other construction installation” and is based in London; we hold 2 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 43290Other construction installation

Status: Active
Location: London, London
Age: 25 yrs · since 2001
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.

Latest accounts · year to 28 Feb 2023

Key figures

Capital-lightOperating leverageDoing more with lessBoring industryCash flow filed

Revenue

£17.4m

Growth ▲25.8%

Profit

£1.3m

Growth ▲375.3%

Profit margin

7.4%

Gross 21.2%

Employees

109

Change ▼5.2%

Profit / employee

£11.8k

Revenue/employee £159k

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.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	28 Feb 2022	28 Feb 2023
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£13.8m	£17.4m
Cost of sales	£12.1m	£13.7m
Gross profit	£1.7m	£3.7m
Operating profit	£341k	£1.6m
Profit before tax	£315k	£1.6m
Profit after tax	£271k	£1.3m
Profit (best available)	£271k	£1.3m
Staff costs	£5.3m	£5.8m
Employees (average)	115	109
Ratios
Profit margin	2%	7.4%
Gross margin	12.4%	21.2%
Revenue per employee	£120k	£159k
Profit per employee	£2.4k	£11.8k
Cash conversion	—	−76.2%
Growth (year on year)
Revenue growth	—	▲25.8%
Profit growth	—	▲375.3%
Headcount growth	—	▼5.2%
Balance sheet — indirect signals, not revenue
Cash at bank	£661k	£1.2m
Net assets	£2.1m	£3.1m
Fixed assets	£1.3m	£1.3m
Current assets	£4.2m	£5.8m
Debtors	£3.4m	£4.3m
Deferred income	£747k	£444k
Cash from operations	—	−£1.2m
Source	FullAccounts · bulk data Nov 2023	FullAccounts · bulk data Nov 2023

Derived from the latest filing

How the business works

Profit margin: 7.4%; Profit ÷ revenue.
Gross margin: 21.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £159k; Revenue ÷ average employees.
Profit per employee: £11.8k; Profit ÷ average employees.
Cash conversion: −76.2%; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 7.4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 2.6%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 24.5%; 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: ▲52%; Now £3.1m
Cash at bank: ▲78%; Now £1.2m
Headcount: ▼5%; Now 109
Deferred income: ▼41%; Now £444k
Fixed assets: ▲1%; Now £1.3m

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

Mitie Group PLCultimate parent75–100%
Mitie Treasury Management Limited75–100%
Mitie Limited75–100%
Rhi Industrials Limitedthis company

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

Sister companies (12)

Slademain LimitedRev. £44.3m · Profit £2.3m
Cliniwaste Health South LimitedFigures not disclosed
Forest Group Holdings LimitedFigures not disclosed
Gbe Converge Group LtdFigures not disclosed
J C a Engineering LtdFigures not disclosed
Linx International Group LimitedRev. — · Profit −£161k
Mitie Care and Custody LimitedFigures not disclosed
Mitie Cleaning & Environmental Services LimitedFigures not disclosed
Mitie Landscapes LimitedFigures not disclosed
Mitie Pfi LimitedFigures not disclosed
Mitie Security LimitedFigures not disclosed
Woodford Investments LimitedFigures not disclosed

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

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 28 Feb 2023 (profit £1.3m), from the Companies House accounts bulk data published Nov 2023. 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.