RIVERDALE TOPCO LIMITED
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Cash
£4.1M
+84.6% vs 2024
Net assets
-£65M
-22.3% lowest in 3 filed years
Employees
756
+5% highest in 3 filed years
Profit before tax
-£12M
+59.9% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Negative shareholders' funds
Net assets
3-year trend · vs Health Care median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31
| Metric | Trend | 2023-03-31 | 2024-03-31 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | — | £60,510,130 | £68,410,294 | +13.1% | |
| Operating profit | — | -£2,043,604 | -£1,993,390 | +2.5% | |
| Profit before tax | — | -£29,468,736 | -£11,815,734 | +59.9% | |
| Net profit | — | -£29,468,736 | -£11,759,786 | +60.1% | |
| Cash | — | £2,226,824 | £4,111,360 | +84.6% | |
| Total assets less current liabilities | £97,000 | £54,142,396 | £52,319,472 | -3.4% | |
| Net assets | — | -£52,794,835 | -£64,559,521 | -22.3% | |
| Equity | £97,000 | -£52,794,835 | — | — | |
| Average employees | 6 | 720 | 756 | +5% | |
| Wages | — | £13,901,750 | £17,938,412 | +29% | |
| Directors' remuneration | — | £426,533 | £440,000 | +3.2% |
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 | 2023-03-31 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|---|
| Operating margin | — | -3.4% | -2.9% | |
| Net margin | — | -48.7% | -17.2% | |
| Return on capital employed | — | -3.8% | -3.8% | |
| Gearing (liabilities / total assets) | — | 176.3% | 201.2% | |
| Current ratio | — | 0.50x | 0.78x | |
| Interest cover | — | -0.07x | -0.20x |
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
- Consolidated group
- Auditor
- Hazlewoods LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Management do not consider there to be any material uncertainties that could arise that would impact going concern The continued availability of borrowing facilities and equity funding support management's judgement that the Group is a going concern”
Group structure
- RIVERDALE TOPCO LIMITED · parent
- Riverdale Midco Limited 100%
- Riverdale Bidco Limited 100%
- Riverdale Tradeco Limited 100%
- Alpha Windmill (Bedale) Limited 100%
- Alpha Windmill (York) Limited 100%
- Framwellgate Dental Surgery Limited 100%
- Riverdale Dental Care Limited 100%
- Riverdale Healthcare Limited 100%
- JRP Jones & Associates Limited 100%
- InDental Practice Limited 100%
- Devonshire House Dental Lab Limited 100%
- Perfect Smile Newcastle Limited 100%
- Geoff Antons Limited 100%
- Lion House Dental Practice Limited 100%
- Elixir Life Holdings Limited 100%
- Prettygate Dental Practice Limited 100%
- Windmill (Heaton) Orthodontics Limited 100%
- Kiran Diya Ltd 100%
- Marston Green Practice Limited 100%
- Smethwick Practice Limited 100%
- Charnwood Dental Limited 100%
- Ditchfield Dental Limited 100%
Significant events
- “Revenue in FY25 had an increase of 13% to the prior year, to £68 4m in the current year”
- “Securing £1 54m worth of additional contracts from the NHS”
- “Growth within the existing portfolio of practices”
- “The Group continued to focus on the reward offering ensuring they respond to external factors while maintaining budgets and affordability This included an additional cost of living payment, benchmarked nurse roles and agreed minimum rates and increased salary uplift in April 2023”
- “The Group is majority owned by Apposite Capital LLP”
- “The Group has continued to focus on the operational excellence and organic growth of its existing portfolio of practices and the extension of current practices, and both developments will continue Strategic acquisitions will also form part of the Group's future developments”
- “Non-recuring items in the current year relate to exceptional payroll costs and professional fees incurred in relation to a refinance”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CUNYNGHAME, Alexander David Martti | Director | 2019-04-17 | Jun 1985 | British |
| MCGRATH, Michael Andrew | Director | 2018-12-14 | Jan 1967 | British |
| POPE, Rory Christian Robert | Director | 2018-08-08 | Dec 1970 | British |
| SEEKINGS, Mark | Director | 2018-12-14 | Sep 1960 | British |
| SHAH, Ajay Kumar | Director | 2023-05-22 | Feb 1962 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| AYLWARD, Christopher David | Director | 2019-04-17 | 2023-05-22 |
| BARNES, Emma Jane | Director | 2021-06-03 | 2023-02-24 |
| FICHARDT, Ewald Gustav | Director | 2018-12-14 | 2022-10-11 |
| GRAY, Samuel James Caiger | Director | 2018-08-08 | 2019-04-17 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Apposite Healthcare Ii Gp Llp | Corporate entity | Shares 75–100% (as trust), Significant influence | 2018-08-08 | Active |
Filing timeline
Last 20 of 56 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-12-20 MA Memorandum articles
- 2023-12-20 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-26 | AA | accounts | Accounts with accounts type group | |
| 2025-08-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-03-14 | AA | accounts | Accounts with accounts type group | |
| 2024-09-24 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-03-14 | AA | accounts | Accounts with accounts type group | |
| 2023-12-20 | MA | incorporation | Memorandum articles | |
| 2023-12-20 | RESOLUTIONS | resolution | Resolution | |
| 2023-12-18 | SH01 | capital | Capital allotment shares | |
| 2023-10-30 | SH06 | capital | Capital cancellation shares | |
| 2023-10-30 | SH03 | capital | Capital return purchase own shares | |
| 2023-08-22 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-07-06 | AP01 | officers | Appoint person director company with name date | |
| 2023-07-06 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-06 | TM01 | officers | Termination director company with name termination date | |
| 2023-07-05 | SH03 | capital | Capital return purchase own shares | |
| 2023-07-04 | SH06 | capital | Capital cancellation shares | |
| 2023-07-04 | SH06 | capital | Capital cancellation shares | |
| 2023-07-04 | SH06 | capital | Capital cancellation shares | |
| 2023-05-16 | SH06 | capital | Capital cancellation shares | |
| 2023-01-11 | TM01 | officers | Termination director company with name termination date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.