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Company No. 12680005 · Incorporated 18 Jun 2020

Rac Engineering Services Ltd

Registered name: RAC ENGINEERING SERVICES LTD

Rac Engineering Services Ltd made £16.6m revenue and £357k profit in the year to 30 Sep 2024.

Rac Engineering Services Ltd’s revenue grew 6% to £16.6m in the year to 30 Sep 2024, with £357k profit and 14 employees. The company is classified under “construction of commercial buildings” and is based in London; we hold 3 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 41201Construction of commercial buildings
Status
Active
Location
London, London
Age
6 yrs · since 2020
Type
Private Limited Company
Latest accounts · year to 30 Sep 2024

Key figures

IndependentCapital-lightYoung and profitableCash flow filed
Revenue
£16.6m
Growth ▲6%
Profit
£357k
Growth ▼35.1%
Profit margin
2.1%
Gross 12.8%
Employees
14
Change ▲16.7%
Profit / employee
£25.5k
Revenue/employee £1.2m
Profitable streak
3yrs
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 to30 Sep 202230 Sep 202330 Sep 2024
DisclosureFull P&LFull P&LFull P&L
Profit & loss
Revenue (turnover)£12.6m£15.7m£16.6m
Cost of sales£11.1m£13.7m£14.5m
Gross profit£1.5m£2m£2.1m
Operating profit£511k£709k£479k
Profit before tax£511k£709k£480k
Profit after tax£415k£550k£357k
Profit (best available)£415k£550k£357k
Staff costs£691k£854k£972k
Employees (average)101214
Ratios
Profit margin3.3%3.5%2.1%
Gross margin11.6%13.1%12.8%
Revenue per employee£1.3m£1.3m£1.2m
Profit per employee£41.5k£45.9k£25.5k
Cash conversion38.5%89.6%47.7%
Growth (year on year)
Revenue growth—▲25.1%▲6%
Profit growth—▲32.7%▼35.1%
Headcount growth—▲20%▲16.7%
Balance sheet — indirect signals, not revenue
Cash at bank£587k£1.2m£1.5m
Net assets£656k£1.2m£1.6m
Fixed assets—£1.2k£803
Current assets£10.1m£13.4m£16.5m
Debtors£4.5m£6.7m£10.7m
Deferred income£1m£380k£951k
Cash from operations£197k£636k£228k
SourceAccounts · bulk data Jun 2024Accounts · bulk data Jun 2024FullAccounts · bulk data Jun 2025
Derived from the latest filing

How the business works

Profit margin
2.1%
Profit ÷ revenue.
Gross margin
12.8%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£1.2m
Revenue ÷ average employees.
Profit per employee
£25.5k
Profit ÷ average employees.
Cash conversion
47.7%
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
0%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
5.7%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
64.2%
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
▲30%
Now £1.6m
Cash at bank
▲19%
Now £1.5m
Headcount
▲17%
Now 14
Deferred income
▲150%
Now £951k
Fixed assets
▼35%
Now £803

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 30 Sep 2024 (profit £357k), from the Companies House accounts bulk data published Jun 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.