How much does Red Handling UK Limited make?

Red Handling UK Limited reported revenue of £11.3m and a loss of £304k in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Red Handling UK Limited have?

Red Handling UK Limited reported an average of 142 employees in the year to 31 Dec 2023.

Is Red Handling UK Limited profitable?

No — Red Handling UK Limited reported a loss of £304k in the year to 31 Dec 2023.

Company No. 10414033 · Incorporated 6 Oct 2016

Red Handling UK Limited

Registered name: RED HANDLING UK LIMITED

Red Handling UK Limited made £11.3m revenue and a £304k loss in the year to 31 Dec 2023.

Red Handling UK Limited’s revenue grew 97% to £11.3m in the year to 31 Dec 2023, with a loss of £304k and 142 employees. The company is classified under “service activities incidental to air transportation” and is based in Gatwick; we hold 3 years of its filed accounts.

Full P&L filedSection H · Transportation and storageSIC 52230Service activities incidental to air transportation

Status: Active
Location: Gatwick, South East
Age: 10 yrs · since 2016
Type: Private Limited Company

Latest accounts · year to 31 Dec 2023

Key figures

IndependentCapital-light

Revenue

£11.3m

Growth ▲97.5%

Profit

−£304k

Growth ▼239.6%

Profit margin

−2.7%

Gross 14.8%

Employees

142

Change ▲373.3%

Profit / employee

−£2.1k

Revenue/employee £79.5k

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.

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2021	31 Dec 2022	31 Dec 2023
Disclosure	Full P&L	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£922k	£5.7m	£11.3m
Cost of sales	£768k	£4.7m	£9.6m
Gross profit	£154k	£987k	£1.7m
Operating profit	—	£218k	−£304k
Profit before tax	£13m	£218k	−£304k
Profit after tax	£13m	£218k	−£304k
Profit (best available)	£13m	£218k	−£304k
Employees (average)	6	30	142
Ratios
Profit margin	1409%	3.8%	−2.7%
Gross margin	16.7%	17.3%	14.8%
Revenue per employee	£154k	£191k	£79.5k
Profit per employee	£2.2m	£7.3k	−£2.1k
Growth (year on year)
Revenue growth	—	▲519.6%	▲97.5%
Profit growth	—	▼98.3%	▼239.6%
Headcount growth	—	▲400%	▲373.3%
Balance sheet — indirect signals, not revenue
Cash at bank	£2.2k	£136k	£71.2k
Net assets	£108k	£325k	£21.5k
Fixed assets	£42.2k	£116k	£594k
Current assets	£285k	£2.5m	£2.8m
Debtors	£0	£1.1m	£2.3m
Source	Accounts · bulk data Apr 2024	Accounts · bulk data Apr 2024	FullAccounts · bulk data Aug 2025

Derived from the latest filing

How the business works

Profit margin: −2.7%; Profit ÷ revenue.
Gross margin: 14.8%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £79.5k; Revenue ÷ average employees.
Profit per employee: −£2.1k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 5.3%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 20.2%; 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: ▼93%; Now £21.5k
Cash at bank: ▼48%; Now £71.2k
Headcount: ▲373%; Now 142
Deferred income: —; Now —
Fixed assets: ▲413%; Now £594k

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2023 (profit −£304k), from the Companies House accounts bulk data published Aug 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.