Tim Rix Net Worth 2026: Estimated Wealth & Income Sources

Tim Rix's net worth is estimated at between £30 million and £60 million as of July 2026, derived primarily from his ownership stake and leadership role within Rix Group, the Hull-based family conglomerate founded by J R Rix & Sons Ltd. Because Rix Group operates as a private family business with no publicly traded shares, no verified personal salary disclosure, and no published wealth ranking, this range is a reconstruction based on statutory company accounts filed at Companies House, sector-level valuations, and publicly available corporate records rather than a confirmed figure.

Quick Net Worth Summary

This estimate was derived by reviewing consolidated and individual statutory accounts for key Rix Group subsidiaries filed at Companies House, mapping Tim Rix's directorship and person-with-significant-control (PSC) records against the parent entity J R Rix & Sons Ltd, and applying conservative private-company valuation multiples to reported turnover and net asset figures. No personal tax returns, probate records, or insider salary disclosures are publicly available. The figure should be treated as a research estimate, not a confirmed net worth.

Quick Facts Snapshot

Career Timeline and How He Built His Wealth

Tim Rix is a third-generation member of the Rix family that has operated J R Rix & Sons Ltd, a Hull-based private conglomerate, for well over a century. The group grew from a river-haulage and coal-merchant business into one of the UK's most diversified regional private companies, spanning petroleum distribution, coastal tanker shipping, holiday-home and caravan manufacturing, motor retail, commercial property, and heating and gas services.

His earliest confirmed public directorship appointment, according to Companies House, is his appointment as Director of Rix Shipping Company Limited on 18 May 2004, though family involvement almost certainly pre-dates that formal record. Over the following two decades, Companies House filings show him accumulating a broad portfolio of director roles across the group's trading subsidiaries, reflecting his progression into the group's senior leadership and, eventually, the Chairman position listed on the Rix Group official website.

As of May 2026, Companies House records a resignation from Rix Shipping (registered in Scotland, company number SC030733), dated 8 May 2026. Companies House records a director resignation for RIX SHIPPING (SC030733) dated 8 May 2026 Companies House records a director resignation for RIX SHIPPING (SC030733) dated 8 May 2026.. This is a notable recent change to his directorship map and is flagged in the career timeline below as an unconfirmed structural event (see Verifiability Notes).

Key Career Milestones

1. Pre-2004: Family role within J R Rix & Sons Ltd prior to formal director appointments (unverified specific date, family-business context).
2. 18 May 2004: Formally appointed Director of Rix Shipping Company Limited (Companies House record).
3. 2004–2025: Progressive director appointments across multiple Rix Group subsidiaries including Rix Heating Services Limited (company no. 05908516), Rix Motors Limited, and others listed on the Companies House personal appointments page for Timothy John Rix.
4. Ongoing as of 2026: Listed as Chairman of Rix Group on the company's official website, representing the highest governance role across the group.
5. 8 May 2026: Resignation recorded at Companies House as director of Rix Shipping (SC030733).

Primary Income Sources

Tim Rix's wealth is generated almost entirely through his family stake and executive role in Rix Group rather than through any publicly disclosed salary, media contract, or endorsement deal. The group's operating sectors provide several distinct revenue streams at the corporate level, each of which can contribute to personal wealth through director remuneration, dividends, and asset appreciation.

• Director remuneration and chairman fees: Private companies in the UK may disclose aggregate director remuneration in statutory accounts filed at Companies House, though individual breakdowns are not required unless the company qualifies as large or publicly listed. Rix Group subsidiaries' accounts are the primary source to check for any disclosed figures.
• Dividends from J R Rix & Sons Ltd and subsidiaries: As a family member with a beneficial interest in the parent PSC entity, dividends paid by the group represent a significant potential income stream. Dividend amounts would appear in company profit-and-loss accounts and confirmation statements filed at Companies House.
• Asset appreciation in private company equity: The group's net assets, reported in consolidated accounts, form the largest component of estimated personal wealth. Sectors including commercial property holdings and a fleet of coastal tankers and workboats represent capital assets that appreciate or depreciate independently of trading income.
• Petroleum distribution: Rix Group is one of the UK's significant independent petroleum distributors. Fuel Oil News trade press coverage references group turnover changes, providing external corroboration for the scale of this revenue stream.
• Shipping (tankers and workboats): The group operates coastal tankers and workboats. Vessel ownership is publicly checkable via maritime databases including Equasis (using IMO numbers and operator links), and via the UK Ship Register administered by the MCA.
• Caravan and holiday-home manufacturing: A distinct manufacturing revenue stream contributing to group turnover and asset base.
• Motor retail: Rix Motors Limited is a confirmed group subsidiary per Companies House PSC records, with J R Rix & Sons Ltd listed as the person with significant control.
• Property: Commercial and potentially residential property holdings form part of the group asset base; title register searches via HM Land Registry would be required to confirm specific asset ownership.

Earnings Breakdown and Notable Financial Milestones

Because Rix Group is a private family business, no individual earnings figures for Tim Rix are publicly disclosed. The table below presents the best available proxy data, drawn from statutory company accounts and trade press, to illustrate the scale of the corporate enterprise from which his personal wealth is derived.

A full earnings reconstruction would require a researcher to download and aggregate the statutory accounts for all active Rix Group subsidiaries from Companies House, sum net assets attributable to J R Rix & Sons Ltd as PSC, determine Tim Rix's beneficial ownership percentage within the family holding structure (not publicly disclosed), and apply an appropriate illiquidity discount for a private family business. The £30 million to £60 million range reflects conservative assumptions on ownership share and valuation multiple.

Documented Assets and Liabilities

Corporate and Business Assets

The most significant documented assets connected to Tim Rix are the corporate holdings within Rix Group. Companies House PSC records confirm J R Rix & Sons Ltd as the person with significant control for multiple subsidiaries including Rix Motors Limited and others across the group's operating sectors: petroleum distribution, shipping, caravan and holiday-home manufacturing, motor retail, property, and services. Each subsidiary's net asset position, as reported in filed accounts, forms part of the consolidated group balance sheet.

Shipping Fleet

Rix Group operates coastal tankers and workboats. Vessel ownership and operator links are publicly searchable via Equasis using IMO numbers, and via the UK Ship Register maintained by the MCA. These records can confirm which vessels are registered to Rix entities, their gross tonnage, and flag state. Ship values vary significantly by vessel type, age, and condition; no specific fleet valuation is publicly available.

Real Estate

HM Land Registry title registers for England and Wales are the authoritative public source for property ownership linked to Tim Rix or entities he controls. A full property search has not been conducted for this article, and no specific residential or commercial property titles have been independently confirmed. The Rix Group's property division suggests commercial real estate forms part of the group asset base, but personal property holdings are unverified.

Liabilities

Companies House charge records (MR01 filings) are the primary public source for secured liabilities against group companies. Rix Heating Services Limited, for example, had a registered charge filed on 20 March 2025, indicating secured lending against that subsidiary. A complete liabilities picture would require reviewing the charges register for each active Rix Group company. Personal liabilities are not publicly disclosed.

Aircraft and Other High-Value Assets

No aircraft registered to Tim Rix or related entities has been confirmed. Aircraft ownership in many jurisdictions is publicly searchable via official registries such as the UK CAA register and the U.S. FAA Aircraft Registry. These checks have not returned confirmed results for this profile, and any aircraft ownership remains unverified.

Contracts, Endorsements, and Equity Stakes

Tim Rix does not appear to have any publicly known celebrity endorsement contracts, media deals, or public-company equity positions reportable via SEC EDGAR or equivalent national securities registers. His financial profile is that of a private-company family business leader rather than a public-facing commercial personality. No Form 4, 13D/13G, or equivalent insider-ownership filings have been identified on EDGAR or UK equivalents for Tim Rix.

His most commercially significant ongoing financial interests are the equity stake in Rix Group via the J R Rix & Sons Ltd family holding structure, and director/chairman fee arrangements with the group's subsidiaries. Rix Group publishes a Tax Strategy document (referenced on the Rix Gas Services website), which provides limited context on the group's tax governance but does not disclose individual compensation. Trade press coverage in outlets such as Fuel Oil News references group-level commercial events including M&A activity and turnover changes that could represent cash-event milestones affecting personal wealth.

How Tim Rix Compares to Other R-Named Profiles

Within the same family name group tracked on this site, Simon Rix offers an instructive contrast: where Tim Rix's wealth is rooted in a multigenerational private industrial conglomerate, Simon Rix built his public profile as a musician. Similarly, Brian Rix represented a very different wealth-building path through theatre, television performance, and later charitable work as a peer. Brian Rist provides another data point in the broader Rist/Rix name cluster tracked on this site. These profiles illustrate that shared or similar surnames rarely translate into shared financial structures, and each requires a distinct research methodology. For readers interested in those comparisons, the Simon Rix and Brian Rix profiles on this site cover their respective estimated net worth figures and career earnings in detail. For readers specifically interested in that individual's finances, see the Brian Rix net worth profile for details on his estimated wealth and career earnings. For a related estimate and methodology, see the ruxin34 net worth profile on this site.

Verifiability Notes and Flagged Unverified Claims

Transparency about what is and is not verified is essential for a private-individual wealth profile. The table below summarises each major claim in this article, its verification status, and the action required to upgrade its confidence level.

Methodology and Data Sources

This profile was constructed using publicly available statutory and government records as the primary evidence base. The methodology followed these steps:

1. Companies House personal appointments search for Timothy John Rix: confirmed directorship history, appointment dates, nationality, and date of birth.
2. Companies House company pages for each identified Rix Group subsidiary: reviewed PSC records (confirming J R Rix & Sons Ltd as controlling entity), filing histories, and charges registers.
3. Rix Group official website: confirmed Tim Rix's current Chairman designation and the group's operating sectors.
4. Trade press review (Fuel Oil News and regional business media): corroborated group scale and significant commercial events.
5. Cross-reference check against SEC EDGAR, HM Land Registry, UK CAA, FAA Aircraft Registry, Equasis, and the London Gazette: no personal financial disclosures, property titles, aircraft registrations, or honours entries were confirmed for Tim Rix at the time of writing.
6. Net worth range derived by applying conservative private-company EBITDA and net-asset multiples to disclosed subsidiary accounts, discounted for illiquidity and unconfirmed personal ownership percentage.

This article will be updated when new statutory accounts are filed at Companies House (expected annually per each subsidiary's accounting reference date), when material changes to directorship or PSC records are registered, or when any credible third-party wealth disclosure becomes available. Readers with corrections or additional verified information are encouraged to contact the editorial team.