How much does Rimax Limited make?

Rimax Limited reported revenue of £7.9m and £1.4m profit in the year to 31 Aug 2023, according to its accounts filed at Companies House.

How many employees does Rimax Limited have?

Rimax Limited reported an average of 17 employees in the year to 31 Aug 2023.

Is Rimax Limited profitable?

Yes — Rimax Limited reported a profit of £1.4m in the year to 31 Aug 2023.

Company No. 11502335

Rimax LimitedDissolved

Registered name: RIMAX LIMITED

Rimax Limited made £7.9m revenue and £1.4m profit in the year to 31 Aug 2023.

Rimax Limited’s revenue grew 61% to £7.9m in the year to 31 Aug 2023, with £1.4m profit and 17 employees. We hold 2 years of its filed accounts. It is no longer on the Companies House register.

Full P&L filed

This company is no longer on the Companies House register. Figures are from its last filed accounts.

Status: Dissolved

Last filed accounts · year to 31 Aug 2023

Key figures

IndependentOperating leverage

Revenue

£7.9m

Growth ▲60.7%

Profit

£1.4m

Growth ▲81.4%

Profit margin

18.2%

Gross 32.2%

Employees

Change ▲41.7%

Profit / employee

£84.4k

Revenue/employee £464k

Profitable streak

2yrs

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 Aug 2022	31 Aug 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£4.9m	£7.9m
Cost of sales	£3.5m	£5.3m
Gross profit	£1.4m	£2.5m
Operating profit	£939k	£1.8m
Profit before tax	£939k	£1.8m
Profit after tax	£791k	£1.4m
Profit (best available)	£791k	£1.4m
Employees (average)	12	17
Ratios
Profit margin	16.1%	18.2%
Gross margin	29.2%	32.2%
Revenue per employee	£409k	£464k
Profit per employee	£65.9k	£84.4k
Growth (year on year)
Revenue growth	—	▲60.7%
Profit growth	—	▲81.4%
Headcount growth	—	▲41.7%
Balance sheet — indirect signals, not revenue
Cash at bank	£376k	£459k
Net assets	£2.4m	£3.8m
Fixed assets	£769k	£1.1m
Current assets	£1.9m	£3.1m
Debtors	£1.1m	£1.4m
Source	FullAccounts · bulk data Mar 2024	FullAccounts · bulk data Mar 2024

Derived from the latest filing

How the business works

Profit margin: 18.2%; Profit ÷ revenue.
Gross margin: 32.2%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £464k; Revenue ÷ average employees.
Profit per employee: £84.4k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 14.4%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 18%; 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: ▲61%; Now £3.8m
Cash at bank: ▲22%; Now £459k
Headcount: ▲42%; Now 17
Deferred income: —; Now —
Fixed assets: ▲47%; Now £1.1m

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Aug 2023 (profit £1.4m), from the Companies House accounts bulk data published Mar 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.