RESEARCH & DEVELOPMENT TAX SOLUTIONS LIMITED
Get an alert when RESEARCH & DEVELOPMENT TAX SOLUTIONS LIMITED files next
Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.
Cash
£519k
+18.3% vs 2024
Net assets
-£6.7m
+12.9% vs 2024
Employees
47
-56.1% lowest in 5 filed years
Profit before tax
£545k
+108.8% first positive since 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Accounts not prepared on a going-concern basis
The financial statements have been prepared on a basis other than going concern given that, subsequent to the year end, the directors plan to hive up the trade and assets to Ryan Tax Services UK Limited as part of the group's restructuring process.
-
Going-concern uncertainty disclosed
-
Negative shareholders' funds
Net assets
5-year trend · vs Industrials median
Accounts
5-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2022-03-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|
| Turnover | £11,772,794 | £8,241,159 | £6,973,187 | £6,483,040 | £5,235,422 | -19.2% | |
| Operating profit | £1,326,957 | -£1,115,844 | -£8,194,164 | -£6,180,565 | -£2,929,624 | +52.6% | |
| Profit before tax | £1,271,122 | -£1,232,316 | -£8,210,932 | -£6,168,430 | £545,410 | +108.8% | |
| Net profit | £1,034,699 | -£1,051,451 | -£8,210,638 | -£5,905,935 | £984,229 | +116.7% | |
| Cash | £170,583 | £685,601 | £949,960 | £438,755 | £519,219 | +18.3% | |
| Total assets less current liabilities | £7,317,368 | £6,146,415 | -£1,724,907 | -£7,637,501 | -£6,654,200 | +12.9% | |
| Net assets | £7,192,254 | £6,140,803 | -£1,736,173 | -£7,642,108 | -£6,657,879 | +12.9% | |
| Equity | £7,192,254 | £6,140,803 | -£1,736,173 | -£7,642,108 | -£6,657,879 | +12.9% | |
| Average employees | 67 | 100 | 125 | 107 | 47 | -56.1% | |
| Wages | £1,856,653 | £2,720,779 | £5,434,745 | £5,039,176 | £2,928,060 | -41.9% | |
| Directors' remuneration | £8,840 | — | £0 | £0 | £0 | — |
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 | 2022-03-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | 11.3% | -13.5% | -117.5% | -95.3% | -56.0% | |
| Net margin | 8.8% | -12.8% | -117.7% | -91.1% | 18.8% | |
| Return on capital employed | 18.1% | -18.2% | — | — | — | |
| Gearing (liabilities / total assets) | 48.6% | 52.9% | 112.1% | 177.5% | 184.4% | |
| Current ratio | — | — | 0.53x | 0.40x | 0.51x | |
| Interest cover | 23.74x | -29.64x | — | — | — |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Saffery LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Not a going concern (break-up basis)
“The financial statements have been prepared on a basis other than going concern given that, subsequent to the year end, the directors plan to hive up the trade and assets to Ryan Tax Services UK Limited as part of the group's restructuring process.”
Group structure
- RESEARCH & DEVELOPMENT TAX SOLUTIONS LIMITED · parent
- Fast Track SME Ltd 100%
- Catax Solutions Ltd 100%
- Tax Consultancy Services Limited 100%
- Catax Group Canada Limited 100%
- Granted Consultancy Limited 100%
Significant events
- “Subsequent to the year end, the directors plan to hive up the trade and assets to Ryan Tax Services UK Limited as part of the group's restructuring process. Following this the company will cease to trade as an individual entity.”
- “Subsidiaries Fast Track SME Ltd, Catax Solutions Ltd, and Tax Consultancy Services Limited were hived up and subsequently dissolved on 3 February 2026.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MICHELMORES SECRETARIES LIMITED | Corporate Secretary | 2024-12-02 | — | — |
| RYAN, George Brinton | Director | 2022-02-28 | Feb 1964 | American |
| SHAVE, Thomas Ruthven | Director | 2025-01-06 | May 1982 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ALCOCK, Daniel James | Director | 2014-12-16 | 2022-02-28 |
| ALCOCK, Laura | Director | 2015-04-01 | 2016-04-05 |
| ALCOCK, Pacharin | Director | 2015-04-01 | 2016-04-05 |
| ANDERSON, Jonathan Thomas | Director | 2014-12-16 | 2022-02-28 |
| FOLEY, Paul Thomas | Director | 2020-10-30 | 2022-02-28 |
| SWEET, Jon Charles | Director | 2022-02-28 | 2025-02-25 |
| TIGHE, Beverley Kim | Director | 2015-04-01 | 2016-04-05 |
| TIGHE, Mark John | Director | 2014-12-16 | 2022-02-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Research & Development Tax Solutions (Holdings) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 76 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-05-19 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-09-25 | AA | accounts | Accounts with accounts type full | |
| 2026-07-27 | CH01 | officers | Change person director company with change date | |
| 2025-12-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-12-05 | CH01 | officers | Change person director company with change date | |
| 2025-10-09 | AA | accounts | Accounts with accounts type full | |
| 2025-02-27 | AP01 | officers | Appoint person director company with name date | |
| 2025-02-27 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-16 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-01-09 | AP04 | officers | Appoint corporate secretary company with name date | |
| 2025-01-07 | AA | accounts | Accounts with accounts type full | |
| 2025-01-04 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-12-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-12 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-02-17 | AA | accounts | Accounts with accounts type full | |
| 2023-12-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-08-11 | AA01 | accounts | Change account reference date company previous shortened | |
| 2023-06-21 | AA | accounts | Accounts with accounts type full | |
| 2023-06-07 | DISS40 | gazette | Gazette filings brought up to date | |
| 2023-06-06 | GAZ1 | gazette | Gazette notice compulsory | |
| 2023-05-19 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 0
- 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.