Refuse Vehicle Solutions Limited
07306136
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 23 outstanding charges (-10)
Details
Compliance
Last accounts
31/12/2024
medium
Next accounts due
30/09/2026
Confirmation statement
Last: 31/10/2025
Due 14/11/2026
Industry
Officers
director · Since 12/07/2010
COMPANY DIRECTOR
ENGLISH · ENGLAND · Age 57
Also on 1 other board
secretary · Since 17/05/2011
director · Since 01/11/2023
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 63
Also on 1 other board
secretary · Since 17/05/2011
Former
secretary · Resigned 17/05/2011
director · Resigned 31/12/2012
director · Resigned 31/10/2019
director · Resigned 17/06/2022
Persons with Significant Control
Mr Spencer Law
British · England · Age 57
The Yard, Woodend Lane, Dursley, GL11 5HT
Notified 06/04/2016
J&K Partners Limited
Kings Parade, Lower Coombe Street, Croydon, CR0 1AA
Reg: 01014714 · England & Wales · Limited Company
Notified 01/11/2023
Charges23 outstanding
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Change History
Active
Private Limited Company
THE YARD
DURSLEY
CompanyRankvs 6539+ SIC 45200 peers56
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co
Key FinancialsYear ending 31/12/2024
Turnover
£31.9M
Annual revenue
Net Worth
£4.7M
Balance sheet strength
Cash
£516k
Cash in the bank
Profit Before Tax
£562k
Bottom line earnings
Net Current Assets
-£884k
Working capital
Current Assets
£15.9M
Current Liabilities
£16.8M
Fixed Assets
£23.9M
Debtors
£2.1M
Cost of Sales
£26.7M
Gross Profit
£5.2M
Admin Expenses
£2.9M
Operating Profit
£2.3M
Profit After Tax
£562k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.95 | +£433k |
| 2023 | 1.23 | +£2.0M |
| 2021 | 1.87 | — |
Derived from filed accounts. Not audited figures.