Res-Q (Seaham) Limited
Registered name: RES-Q (SEAHAM) LIMITED
Part of Res-Q Outsourcing Solutions Limited groupRes-Q (Seaham) Limited made £16.9m revenue and a £1.2m loss in the year to 31 Dec 2023.
Res-Q (Seaham) Limited’s revenue grew 26% to £16.9m in the year to 31 Dec 2023, with a loss of £1.2m and 637 employees. The company is classified under “dormant company” and is based in Hull; we hold 3 years of its filed accounts.
- Status
- Active - Proposal to Strike off
- Location
- Hull, Yorkshire and The Humber
- Age
- 10 yrs · since 2016
- Type
- Private Limited Company
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “The Company is controlled by the immediate and ultimate parent company, Res-Q Outsourcing Solutions Limited, a company registered in England and Wales. Res-Q Outsourcing Solutions Limited is also the ”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2021 | 31 Dec 2022 | 31 Dec 2023 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £17.9m | £13.4m | £16.9m |
| Cost of sales | £12.2m | £9.7m | £11.3m |
| Gross profit | £5.7m | £3.7m | £5.6m |
| Operating profit | £495k | −£1.9m | −£1.3m |
| Profit before tax | £477k | −£1.9m | −£1.4m |
| Profit after tax | £341k | −£1.9m | −£1.2m |
| Profit (best available) | £341k | −£1.9m | −£1.2m |
| Staff costs | £14.9m | £14.1m | £17m |
| Employees (average) | 696 | 584 | 637 |
| Ratios | |||
| Profit margin | 1.9% | −14% | −7% |
| Gross margin | 31.8% | 27.4% | 33.3% |
| Revenue per employee | £25.7k | £23k | £26.6k |
| Profit per employee | £489 | −£3.2k | −£1.9k |
| Growth (year on year) | |||
| Revenue growth | — | ▼24.9% | ▲26.2% |
| Profit growth | — | ▼649.9% | — |
| Headcount growth | — | ▼16.1% | ▲9.1% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £73.7k | £21.9k | £55.7k |
| Net assets | £1.6m | −£231k | −£1.4m |
| Fixed assets | £427k | £346k | £222k |
| Current assets | £4.2m | £4.2m | £4.5m |
| Debtors | £30k | £30.1k | £0 |
| Deferred income | £908k | £959k | £942k |
| Source | Accounts · bulk data Oct 2023 | Accounts · bulk data Oct 2023 | Accounts · bulk data Sep 2024 |
How the business works
- Profit margin
- −7%
- Profit ÷ revenue.
- Gross margin
- 33.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £26.6k
- Revenue ÷ average employees.
- Profit per employee
- −£1.9k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 1.3%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 5.6%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 0%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- —
- Now −£1.4m
- Cash at bank
- ▲154%
- Now £55.7k
- Headcount
- ▲9%
- Now 637
- Deferred income
- ▼2%
- Now £942k
- Fixed assets
- ▼36%
- Now £222k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Res-Q Outsourcing Solutions Limitedultimate parent75–100%
- Res-Q (Seaham) Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (2)
- Resq LimitedRev. £33.4m · Profit £735k
- Resq Desktop LtdFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2023 (profit −£1.2m), from the Companies House accounts bulk data published Sep 2024. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.