Rivus Midco Limited
Registered name: RIVUS MIDCO LIMITED
Part of Rivus Topco Limited groupRivus Midco Limited made £1.5m revenue and a £10.8m loss in the year to 31 Dec 2022.
Rivus Midco Limited’s revenue grew 16% to £1.5m in the year to 31 Dec 2022, with a loss of £10.8m and 2 employees. The company is classified under “activities of other holding companies” and is based in Sutton; we hold 2 years of its filed accounts.
- Status
- Liquidation
- Location
- Sutton, London
- Age
- 6 yrs · since 2020
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
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 Dec 2021 | 31 Dec 2022 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £1.3m | £1.5m |
| Cost of sales | £1.2m | £1.4m |
| Gross profit | £64.5k | £74.8k |
| Operating profit | −£880k | −£16.3m |
| Profit before tax | −£874k | −£10.8m |
| Profit after tax | −£874k | −£10.8m |
| Profit (best available) | −£874k | −£10.8m |
| Employees (average) | 2 | 2 |
| Ratios | ||
| Profit margin | −67.9% | −727.2% |
| Gross margin | 5% | 5% |
| Revenue per employee | £644k | £746k |
| Profit per employee | −£437k | −£5.4m |
| Growth (year on year) | ||
| Revenue growth | — | ▲15.9% |
| Headcount growth | — | 0% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £68.9k | £261k |
| Net assets | £6m | −£7.5m |
| Current assets | £218k | £410k |
| Debtors | £149k | £149k |
| Source | Accounts · bulk data Jan 2024 | Accounts · bulk data Jan 2024 |
How the business works
- Profit margin
- −727.2%
- Profit ÷ revenue.
- Gross margin
- 5%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £746k
- Revenue ÷ average employees.
- Profit per employee
- −£5.4m
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 10%
- 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
- ▼225%
- Now −£7.5m
- Cash at bank
- ▲279%
- Now £261k
- Headcount
- 0%
- Now 2
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- Rivus Topco Limitedultimate parent75–100%
- Rivus Midco Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Rivus Fleet Solutions LimitedLiquidationFigures not disclosed
Sister companies (1)
- Presanella 11 LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2022 (profit −£10.8m), from the Companies House accounts bulk data published Jan 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.