Retail Energy Code Company Limited
10989875
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/03/2025
full
Next accounts due
31/12/2026
Confirmation statement
Last: 26/01/2026
Due 09/02/2027
Industry
Officers
secretary · Since 26/04/2019
director · Since 18/05/2021
DIRECTOR
BRITISH · UNITED KINGDOM · Age 46
Also on 1 other board
director · Since 01/10/2021
COMMERCIAL DIRECTOR
BRITISH · ENGLAND · Age 51
Also on 2 other boards
director · Since 01/10/2021
COMPANY DIRECTOR
FINNISH · UNITED KINGDOM · Age 43
Also on 1 other board
director · Since 01/03/2022
DIRECTOR
BRITISH · ENGLAND · Age 68
Also on 1 other board
director · Since 01/08/2023
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 58
Also on 1 other board
director · Since 01/04/2025
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 53
Also on 3 other boards
Persons with Significant Control
Former PSCs
Mr Jonathan Robert Dixon
Ceased 01/02/2019
CompanyRankvs 103216+ SIC 82990 peers38
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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
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
or ∙ the directors have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the Company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. Other information The directors are responsible for the other inform
Key FinancialsYear ending 31/03/2020
Turnover
£2.9M
Annual revenue
Net Worth
-£116
Balance sheet strength
Cash
£1.8M
Cash in the bank
Profit Before Tax
-£175
Bottom line earnings
Net Current Assets
-£116
Working capital
Current Assets
£2.1M
Current Liabilities
£2.1M
Debtors
£341k
Gross Profit
£2.9M
Admin Expenses
£2.9M
Operating Profit
-£2k
Profit After Tax
-£15
Tax at Year End
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2020 | 1.00 |
| 2019 | 0.40 |
Derived from filed accounts. Not audited figures.