How much does Ridgewall Limited make?

Ridgewall Limited reported revenue of £6.3m and a loss of £7.8m in the year to 31 Dec 2022, according to its accounts filed at Companies House.

How many employees does Ridgewall Limited have?

Ridgewall Limited reported an average of 101 employees in the year to 31 Dec 2022.

Is Ridgewall Limited profitable?

No — Ridgewall Limited reported a loss of £7.8m in the year to 31 Dec 2022.

Company No. 07175075 · Incorporated 2 Mar 2010

Ridgewall Limited

Registered name: RIDGEWALL LIMITED

Part of Hook Bidco Limited group

Ridgewall Limited made £6.3m revenue and a £7.8m loss in the year to 31 Dec 2022.

Ridgewall Limited’s revenue fell 3% to £6.3m in the year to 31 Dec 2022, with a loss of £7.8m and 101 employees. The company is classified under “wholesale of other office machinery and equipment” and is based in Leeds; we hold 2 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 46660Wholesale of other office machinery and equipment

Status: In Administration
Location: Leeds, Yorkshire and The Humber
Age: 16 yrs · since 2010
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 31 Dec 2022

Key figures

Revenue

£6.3m

Growth ▼3%

Profit

−£7.8m

Growth —

Profit margin

−123.2%

Gross 35.4%

Employees

101

Change ▲6.3%

Profit / employee

−£77.1k

Revenue/employee £62.5k

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.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2021	31 Dec 2022
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£6.5m	£6.3m
Cost of sales	£3.1m	£4.1m
Gross profit	£3.4m	£2.2m
Operating profit	−£4.9m	−£7.2m
Profit before tax	−£5.2m	−£7.8m
Profit after tax	−£5.2m	−£7.8m
Profit (best available)	−£5.2m	−£7.8m
Staff costs	£5.8m	£5.4m
Employees (average)	95	101
Ratios
Profit margin	−80.2%	−123.2%
Gross margin	52.9%	35.4%
Revenue per employee	£68.5k	£62.5k
Profit per employee	−£55k	−£77.1k
Growth (year on year)
Revenue growth	—	▼3%
Headcount growth	—	▲6.3%
Balance sheet — indirect signals, not revenue
Cash at bank	£1.2m	£143k
Net assets	−£9.1m	−£16.9m
Fixed assets	£17.6m	£15.9m
Current assets	£2.6m	£2.5m
Debtors	£690k	£630k
Deferred income	£1.3m	£1.2m
Source	Accounts · bulk data Apr 2024	Accounts · bulk data Apr 2024

Derived from the latest filing

How the business works

Profit margin: −123.2%; Profit ÷ revenue.
Gross margin: 35.4%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £62.5k; Revenue ÷ average employees.
Profit per employee: −£77.1k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 251%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 19.2%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 10%; 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: —; Now −£16.9m
Cash at bank: ▼88%; Now £143k
Headcount: ▲6%; Now 101
Deferred income: ▼9%; Now £1.2m
Fixed assets: ▼10%; Now £15.9m

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

Hook Bidco Limitedultimate parent75–100%
Ridgewall Limitedthis company

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

Subsidiaries (4)

Connecting London LimitedIn AdministrationFigures not disclosed
Nomis Connections LimitedIn AdministrationFigures not disclosed
Qdos SBL Group LimitedIn AdministrationFigures not disclosed
Telnet International LimitedIn AdministrationFigures 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 accounts for the year to 31 Dec 2022 (profit −£7.8m), from the Companies House accounts bulk data published Apr 2024. 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.