Research & Development Tax Solutions Limited
Registered name: RESEARCH & DEVELOPMENT TAX SOLUTIONS LIMITED
Part of Ryan Tax Services UK Limited groupResearch & Development Tax Solutions Limited made £8.2m revenue and a £1.1m loss in the year to 31 Dec 2022.
Research & Development Tax Solutions Limited’s revenue was £8.2m in the year to 31 Dec 2022, with a loss of £1.1m and 100 employees. The company is classified under “tax consultancy” and is based in London; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 11 yrs · since 2014
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2022 | 31 Dec 2022 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £11.8m | £8.2m |
| Cost of sales | £4.3m | £2.4m |
| Gross profit | £7.5m | £5.8m |
| Operating profit | £1.3m | −£1.1m |
| Profit before tax | £1.3m | −£1.2m |
| Profit after tax | £1m | −£1.1m |
| Profit (best available) | £1m | −£1.1m |
| Staff costs | £2.3m | £3.1m |
| Employees (average) | 67 | 100 |
| Ratios | ||
| Profit margin | 8.8% | −12.8% |
| Gross margin | 63.4% | 70.6% |
| Revenue per employee | £176k | £82.4k |
| Profit per employee | £15.4k | −£10.5k |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £171k | £686k |
| Net assets | £7.2m | £6.1m |
| Fixed assets | £3.4m | £6.5m |
| Current assets | £13.9m | £12.9m |
| Debtors | £1.7m | £1.3m |
| Deferred income | £2.3m | £2.1m |
| Source | Accounts · bulk data Feb 2024 | Accounts · bulk data Feb 2024 |
How the business works
- Profit margin
- −12.8%
- Profit ÷ revenue.
- Gross margin
- 70.6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £82.4k
- Revenue ÷ average employees.
- Profit per employee
- −£10.5k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 78.5%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 26%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 16.1%
- 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
- —
- Now £6.1m
- Cash at bank
- —
- Now £686k
- Headcount
- —
- Now 100
- Deferred income
- —
- Now £2.1m
- Fixed assets
- —
- Now £6.5m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Ryan Tax Services UK Limitedultimate parent75–100%
- Research & Development Tax Solutions (Holdings) Limited75–100%
- Research & Development Tax Solutions Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Granted Consultancy LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from accounts for the year to 31 Dec 2022 (profit −£1.1m), from the Companies House accounts bulk data published Feb 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.