Rhodes Freight Services Limited
Registered name: RHODES FREIGHT SERVICES LIMITED
Rhodes Freight Services Limited made £11.4m revenue and £939k profit in the year to 31 Dec 2024.
Rhodes Freight Services Limited’s revenue grew 24% to £11.4m in the year to 31 Dec 2024, with £939k profit and 58 employees. The company is classified under “freight transport by road” and is based in Slough; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Slough, South East
- Age
- 17 yrs · since 2009
- 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 | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £7.9m | £9.1m | £11.4m |
| Cost of sales | £5.2m | £6.2m | £7m |
| Gross profit | £2.7m | £2.9m | £4.4m |
| Operating profit | £909k | £1.1m | £1.5m |
| Profit before tax | £798k | £871k | £1.3m |
| Profit after tax | £661k | £821k | £939k |
| Profit (best available) | £661k | £821k | £939k |
| Employees (average) | 20 | 22 | 58 |
| Ratios | |||
| Profit margin | 8.3% | 9% | 8.3% |
| Gross margin | 33.8% | 32.2% | 38.6% |
| Revenue per employee | £396k | £415k | £196k |
| Profit per employee | £33k | £37.3k | £16.2k |
| Growth (year on year) | |||
| Revenue growth | — | ▲15.4% | ▲24.4% |
| Profit growth | — | ▲24.3% | ▲14.3% |
| Headcount growth | — | ▲10% | ▲163.6% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £809k | £972k | £610k |
| Net assets | £1.4m | £1.9m | £2.4m |
| Fixed assets | £2.6m | £3.5m | £4.7m |
| Current assets | £1.8m | £2m | £2.2m |
| Debtors | £941k | £1m | £1.6m |
| Source | Accounts · bulk data Mar 2024 | Accounts · bulk data Mar 2024 | FullAccounts · bulk data Sep 2025 |
How the business works
- Profit margin
- 8.3%
- Profit ÷ revenue.
- Gross margin
- 38.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £196k
- Revenue ÷ average employees.
- Profit per employee
- £16.2k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 41.4%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 13.8%
- 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
- ▲30%
- Now £2.4m
- Cash at bank
- ▼37%
- Now £610k
- Headcount
- ▲164%
- Now 58
- Deferred income
- —
- Now —
- Fixed assets
- ▲36%
- Now £4.7m
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- Profit
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- Staff
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- Hedley's Group LtdLondon · Freight transport by road
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- Gba Transport LimitedGrimsby · Freight transport by road
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- Acumen Distribution LimitedSwan Valley · Freight transport by road
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- £11.5m
- Profit
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- Forward Trucking Services LimitedST Albans · Freight transport by road
- Revenue
- £11.2m
- Profit
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- Staff
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £939k), 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.