RELAY ENGINEERING LIMITED
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Cash
£459k
-64.5% lowest in 3 filed years
Net assets
£3.1m
+223.5% highest in 3 filed years
Employees
238
-18.2% lowest in 3 filed years
Profit before tax
£2.8m
+860.3% first positive since 2024
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £28,651,899 | £24,185,522 | £24,095,600 | -0.4% | |
| Operating profit | £1,775,965 | £423,419 | £3,225,684 | +661.8% | |
| Profit before tax | £3,990,246 | -£373,599 | £2,840,468 | +860.3% | |
| Net profit | £3,561,678 | -£631,746 | £2,287,444 | +462.1% | |
| Cash | £725,340 | £1,293,368 | £458,721 | -64.5% | |
| Total assets less current liabilities | £10,608,435 | £9,965,758 | £12,426,260 | +24.7% | |
| Net assets | £1,603,846 | £965,758 | £3,124,314 | +223.5% | |
| Equity | £1,603,846 | £965,758 | £3,124,314 | +223.5% | |
| Average employees | 458 | 291 | 238 | -18.2% | |
| Wages | £9,517,790 | £8,674,424 | £8,586,938 | -1% | |
| Directors' remuneration | £608,823 | £810,307 | £904,693 | +11.6% | |
| Directors' pension contributions | £45,617 | £73,423 | £87,901 | +19.7% | |
| Highest paid director | £248,936 | £276,506 | £285,546 | +3.3% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 6.2% | 1.8% | 13.4% | |
| Net margin | 12.4% | -2.6% | 9.5% | |
| Return on capital employed | 16.7% | 4.2% | 26.0% | |
| Gearing (liabilities / total assets) | 90.6% | 93.7% | 80.3% | |
| Current ratio | 2.13x | 2.22x | 3.72x | |
| Interest cover | 4.72x | 0.46x | 2.62x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- RELAY ENGINEERING LIMITED 2007-01-05 → present
- RELAY (SOUTH WEST) LIMITED 1989-10-12 → 2007-01-05
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors, having considered these projections and cash resources, are satisfied that the company has a reasonable expectation that it has adequate resources to continue in business for the period to 30 June 2027. Accordingly, the Directors continue to adopt the going concern basis”
Group structure
- RELAY ENGINEERING LIMITED · parent
- Relay Zholdas LLP 90%
- Smart Screening Technology W.L.L. 100%
- Relay Engineering Saudi Contracting LLC 100%
- Relay Marine Services LLC 80%
- Relay Marine Middle East Services LLC 80%
- Alfa Technical Services LLC 99%
Significant events
- “On 26 March 2025, the company acquired 100% of the share capital of MOSS Mechanical On Site Services Limited (MOSS) ... for a total consideration of £6,053,634 which includes £208,403 of acquisition related costs.”
- “On 30 November 2025, 100% of the share capital of MOSS was transferred to Relay International Group Limited, the parent undertaking, at cost.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
10 active · 23 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DANIELS, Eleanor Margaret Louise | Secretary | 2025-04-01 | — | — |
| BEVERIDGE, Michael John | Director | 2009-02-17 | Jun 1966 | British |
| COULTON, Gavin Lee | Director | 2024-05-09 | Nov 1984 | British |
| FISHER, Paul Matthew | Director | 1996-10-14 | Jul 1971 | British |
| FROUD, Alan Richard | Director | 2005-04-02 | May 1972 | British |
| HOWARTH, Marcus Anthony | Director | 2021-08-27 | Dec 1972 | English |
| JOHNSTONE, Christopher Charles, Mr. | Director | 2024-05-09 | May 1986 | British |
| MCCARTHY, Charles Norman Drummond | Director | 2025-01-28 | Jun 1986 | British |
| PARK, Steven Gordon | Director | 2024-05-09 | Jul 1979 | British |
| PARKER, Benjamin Edward | Director | 2026-05-01 | Mar 1985 | British |
Show 23 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| CARRINGTON, Linda | Secretary | 2005-12-21 | 2006-09-11 |
| CLARK, Martin | Secretary | 2023-11-03 | 2025-03-31 |
| DENHOLM, Cara Jane May | Secretary | 2015-10-30 | 2023-11-03 |
| FISHER, Paul Matthew | Secretary | 2005-09-22 | 2005-12-21 |
| HANSON, Gregory Albert | Secretary | 2006-09-11 | 2015-10-30 |
| LANCASTER, Shaun | Secretary | — | 1992-01-06 |
| THOMAS, Robert | Secretary | 1993-10-27 | 2000-07-13 |
| WILLIAMS, Leslie | Secretary | 2000-06-13 | 2005-09-23 |
| WILLIAMS, Leslie | Secretary | — | 1993-10-27 |
| BONACCORSI, David | Director | 2005-12-21 | 2009-02-17 |
| CLARK, Martin | Director | 2017-05-04 | 2025-03-31 |
| CLUNIE, Patrick David | Director | 2008-01-23 | 2017-10-18 |
| GARCIA, Robert A | Director | — | 2005-12-21 |
| GILL, Bruce William | Director | 2019-09-25 | 2022-05-30 |
| HANDLEY, Kevin Christopher | Director | 2022-05-30 | 2023-07-26 |
| HILL, Alan | Director | — | 2005-09-01 |
| KEEPING, David Ernest George | Director | 2004-12-01 | 2011-05-31 |
| KEEPING, Wayne Martin | Director | 2004-12-01 | 2014-04-25 |
| POTTS, Graham Mark | Director | 2005-12-21 | 2006-04-26 |
| ROUGH, Andrew Donald Mccallum | Director | 2006-04-26 | 2009-01-23 |
| THOMAS, Robert | Director | 1994-07-25 | 2013-07-03 |
| WILLIAMS, Leslie | Director | — | 2005-09-01 |
| WRANKMORE, Andrew | Director | 2019-08-15 | 2024-08-13 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Relay International Group Limited | Corporate entity | Shares 75–100% | 2023-09-08 | Active |
| Denholm Oilfield Services Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-16 | Ceased 2020-05-26 |
| Denholm Energy Services Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2023-09-08 |
Filing timeline
Last 20 of 205 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-25 | AA | accounts | Accounts with accounts type full | |
| 2026-05-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-05-08 | AP01 | officers | Appoint person director company with name date | |
| 2025-09-26 | AA | accounts | Accounts with accounts type full | |
| 2025-05-07 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-05-07 | CH01 | officers | Change person director company with change date | |
| 2025-04-02 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-04-02 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-04-02 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-30 | AP01 | officers | Appoint person director company with name date | |
| 2024-09-16 | AA | accounts | Accounts with accounts type full | |
| 2024-08-13 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-06-27 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-26 | AP01 | officers | Appoint person director company with name date | |
| 2024-06-26 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-13 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-03-13 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-02-14 | CH01 | officers | Change person director company with change date | |
| 2024-02-14 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.