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Company No. 10816024 · Incorporated 13 Jun 2017

Ridgespear Limited

Registered name: RIDGESPEAR LIMITED

Ridgespear Limited made £11.2m revenue and a £17.5k loss in the year to 31 Dec 2022.

Ridgespear Limited’s revenue grew 6% to £11.2m in the year to 31 Dec 2022, with a loss of £17.5k and 100 employees. The company is classified under “other specialised construction activities” and is based in Exeter; we hold 2 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 43999Other specialised construction activities n.e.c.
Status
In Administration/Administrative Receiver
Location
Exeter, South West
Age
9 yrs · since 2017
Type
Private Limited Company
Latest accounts · year to 31 Dec 2022

Key figures

IndependentBoring industryCash flow filed
Revenue
£11.2m
Growth ▲6.2%
Profit
−£17.5k
Growth ▼123%
Profit margin
−0.2%
Gross 40.2%
Employees
100
Change ▲20.5%
Profit / employee
−£175
Revenue/employee £112k
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 to31 Dec 202131 Dec 2022
DisclosureFull P&LFull P&L
Profit & loss
Revenue (turnover)£10.5m£11.2m
Cost of sales£6.5m£6.7m
Gross profit£4m£4.5m
Operating profit£29.1k−£1m
Profit before tax−£201k−£1.3m
Profit after tax£76.1k−£17.5k
Profit (best available)£76.1k−£17.5k
Staff costs£2.5m£3.1m
Employees (average)83100
Ratios
Profit margin0.7%−0.2%
Gross margin38.3%40.2%
Revenue per employee£127k£112k
Profit per employee£917−£175
Cash conversion225.8%—
Growth (year on year)
Revenue growth—▲6.2%
Profit growth—▼123%
Headcount growth—▲20.5%
Balance sheet — indirect signals, not revenue
Cash at bank£21.4k£11.9k
Net assets£403k£386k
Fixed assets£3.8m£3.9m
Current assets£1.5m£1.6m
Debtors£98.3k£138k
Deferred income£64.1k£25.5k
Cash from operations£65.8k−£149k
SourceFullAccounts · bulk data Jul 2024FullAccounts · bulk data Jul 2024
Derived from the latest filing

How the business works

Profit margin
−0.2%
Profit ÷ revenue.
Gross margin
40.2%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£112k
Revenue ÷ average employees.
Profit per employee
−£175
Profit ÷ average employees.
Cash conversion
—
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
34.7%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
0.2%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
1.2%
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
▼4%
Now £386k
Cash at bank
▼44%
Now £11.9k
Headcount
▲20%
Now 100
Deferred income
▼60%
Now £25.5k
Fixed assets
▲2%
Now £3.9m

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

Subsidiaries (3)

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

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2022 (profit −£17.5k), from the Companies House accounts bulk data published Jul 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.