Ree Automotive UK Limited
Registered name: REE AUTOMOTIVE UK LIMITED
Part of Ree Automotive Ltd groupRee Automotive UK Limited made £27.3m revenue and a £1.7m loss in the year to 31 Dec 2024. read from filing text
Ree Automotive UK Limited’s revenue fell 13% to £27.3m in the year to 31 Dec 2024, with a loss of £1.7m and 103 employees. The company is classified under “manufacture of motor vehicles” and is based in Manchester; we hold 4 years of its filed accounts.
- Status
- In Administration
- Location
- Manchester, North West
- Age
- 5 yrs · since 2020
- Type
- Private Limited Company
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. From the filing: “The immediate parent company is REE Automotive Ltd”
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 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|---|
| Disclosure | No P&L | No P&L | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||||
| Revenue (turnover) | — | — | £31.5m | £27.3m |
| Cost of sales | — | — | £2.1m | £1.7m |
| Gross profit | — | — | £29.4m | £25.6m |
| Operating profit | — | — | £4.5m | −£1.8m |
| Profit before tax | — | — | £4.3m | −£2m |
| Profit after tax | — | — | £1.4m | −£1.7m |
| Profit (best available) | — | — | £1.4m | −£1.7m |
| Staff costs | — | — | £12.3m | £10.3m |
| Employees (average) | 55 | 131 | 113 | 103 |
| Ratios | ||||
| Profit margin | — | — | 4.4% | −6.1% |
| Gross margin | — | — | 93.4% | 93.8% |
| Revenue per employee | — | — | £279k | £265k |
| Profit per employee | — | — | £12.4k | −£16.1k |
| Growth (year on year) | ||||
| Revenue growth | — | — | — | ▼13.5% |
| Profit growth | — | — | — | ▼219% |
| Headcount growth | — | ▲138.2% | ▼13.7% | ▼8.8% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £1m | £1.8m | £141k | £165k |
| Net assets | £487k | £6.1m | £10m | £10m |
| Fixed assets | £523k | £12m | £13m | £15.2m |
| Current assets | £3.6m | £9.1m | £16.7m | £14.6m |
| Debtors | £659k | £676k | £1.5m | £2.8m |
| Deferred income | — | £1.5m | £2.6m | £1.4m |
| Source | Accounts · bulk data Jan 2024 | Accounts · bulk data Jan 2024 | FullAccounts · bulk data Mar 2026 | FullAccounts · bulk data Mar 2026 |
How the business works
- Profit margin
- −6.1%
- Profit ÷ revenue.
- Gross margin
- 93.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £265k
- Revenue ÷ average employees.
- Profit per employee
- −£16.1k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 55.8%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 5%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 10.3%
- 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
- ▲0%
- Now £10m
- Cash at bank
- ▲17%
- Now £165k
- Headcount
- ▼9%
- Now 103
- Deferred income
- ▼49%
- Now £1.4m
- Fixed assets
- ▲17%
- Now £15.2m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Ree Automotive Ltd (registered outside the UK register)ultimate parent75–100%
- Ree Automotive UK Limitedthis company
Bands show the share of ownership each company holds in the one below it.
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2024 (profit −£1.7m), from the Companies House accounts bulk data published Mar 2026. 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.