raith homes limited
raith homes limited Company Information
Company Number
SC242908
Website
www.raithdevelopments.co.ukRegistered Address
18 whytescauseway, kirkcaldy, fife, KY1 1XF
Industry
Construction of domestic buildings
Telephone
01592775781
Next Accounts Due
June 2024
Group Structure
View All
Shareholders
andrew gordon powell 60%
agnes stuart powell 40%
raith homes limited Estimated Valuation
Pomanda estimates the enterprise value of RAITH HOMES LIMITED at £957.7k based on a Turnover of £2.5m and 0.39x industry multiple (adjusted for size and gross margin).
raith homes limited Estimated Valuation
Pomanda estimates the enterprise value of RAITH HOMES LIMITED at £0 based on an EBITDA of £-124.6k and a 3.14x industry multiple (adjusted for size and gross margin).
raith homes limited Estimated Valuation
Pomanda estimates the enterprise value of RAITH HOMES LIMITED at £6.2m based on Net Assets of £4.9m and 1.26x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Raith Homes Limited AI Business Plan
In just minutes, we combine Pomanda’s company and industry data with cutting edge Artificial Intelligence to build a comprehensive 27 section business plan. You then have 60 days to tailor the information, decide which sections to include or exclude, and add your own branding logos, images and color scheme to create your perfect plan.
Raith Homes Limited Overview
Raith Homes Limited is a live company located in fife, KY1 1XF with a Companies House number of SC242908. It operates in the construction of domestic buildings sector, SIC Code 41202. Founded in January 2003, it's largest shareholder is andrew gordon powell with a 60% stake. Raith Homes Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.5m with declining growth in recent years.
Upgrade for unlimited company reports & a free credit check
Raith Homes Limited Health Check
Pomanda's financial health check has awarded Raith Homes Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
3 Weak
Size
annual sales of £2.5m, make it larger than the average company (£485.5k)
- Raith Homes Limited
£485.5k - Industry AVG
Growth
3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (7.9%)
- Raith Homes Limited
7.9% - Industry AVG
Production
with a gross margin of 20.7%, this company has a comparable cost of product (20.7%)
- Raith Homes Limited
20.7% - Industry AVG
Profitability
an operating margin of -6.3% make it less profitable than the average company (7.7%)
- Raith Homes Limited
7.7% - Industry AVG
Employees
with 6 employees, this is above the industry average (3)
6 - Raith Homes Limited
3 - Industry AVG
Pay Structure
on an average salary of £41.7k, the company has an equivalent pay structure (£41.7k)
- Raith Homes Limited
£41.7k - Industry AVG
Efficiency
resulting in sales per employee of £411.9k, this is more efficient (£208.2k)
- Raith Homes Limited
£208.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Raith Homes Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 30 days, this is close to average (28 days)
- Raith Homes Limited
28 days - Industry AVG
Stock Days
it holds stock equivalent to 891 days, this is more than average (226 days)
- Raith Homes Limited
226 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 50 weeks, this is more cash available to meet short term requirements (16 weeks)
50 weeks - Raith Homes Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 35.6%, this is a lower level of debt than the average (72.4%)
35.6% - Raith Homes Limited
72.4% - Industry AVG
raith homes limited Credit Report and Business Information
Raith Homes Limited Competitor Analysis
Perform a competitor analysis for raith homes limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
raith homes limited Ownership
RAITH HOMES LIMITED group structure
Raith Homes Limited has no subsidiary companies.
Ultimate parent company
RAITH HOMES LIMITED
SC242908
raith homes limited directors
Raith Homes Limited currently has 2 directors. The longest serving directors include Ms Agnes Powell (Jan 2003) and Mr Andrew Powell (Jan 2003).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Agnes Powell | 68 years | Jan 2003 | - | Director | |
| Mr Andrew Powell | England | 72 years | Jan 2003 | - | Director |
RAITH HOMES LIMITED financials
Raith Homes Limited's latest turnover from September 2022 is estimated at £2.5 million and the company has net assets of £4.9 million. According to their latest financial statements, Raith Homes Limited has 6 employees and maintains cash reserves of £2.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | ||||||||||||||
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | ||||||||||||||
| Tax | ||||||||||||||
| Profit After Tax | ||||||||||||||
| Dividends Paid | ||||||||||||||
| Retained Profit | ||||||||||||||
| Employee Costs | ||||||||||||||
| Number Of Employees | 6 | 10 | 11 | 12 | 11 | 11 | 11 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 95,818 | 33,358 | 41,427 | 52,676 | 63,845 | 42,528 | 47,860 | 61,035 | 44,196 | 54,408 | 68,955 | 84,769 | 81,159 | 102,635 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 95,818 | 33,358 | 41,427 | 52,676 | 63,845 | 42,528 | 47,860 | 61,035 | 44,196 | 54,408 | 68,955 | 84,769 | 81,159 | 102,635 |
| Stock & work in progress | 4,784,096 | 3,926,700 | 471,754 | 1,756,629 | 2,544,409 | 2,319,395 | 1,306,300 | 1,734,990 | 1,782,842 | 2,324,572 | 2,253,827 | 2,500,577 | 3,310,277 | 4,431,493 |
| Trade Debtors | 0 | 2,050 | 31,287 | 51,574 | 138,301 | 88,560 | 64,520 | 74,729 | 57,713 | 65,893 | 68,279 | 56,200 | 69,188 | 12,924 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 131,103 | 39,171 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 2,614,468 | 3,636,787 | 7,121,515 | 4,917,515 | 2,563,894 | 1,722,775 | 2,825,479 | 1,611,648 | 1,219,332 | 518,704 | 597,433 | 229,038 | 2,252,794 | 1,371,897 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 7,529,667 | 7,604,708 | 7,624,556 | 6,725,718 | 5,246,604 | 4,130,730 | 4,196,299 | 3,421,367 | 3,059,887 | 2,909,169 | 2,919,539 | 2,785,815 | 5,632,259 | 5,816,314 |
| total assets | 7,625,485 | 7,638,066 | 7,665,983 | 6,778,394 | 5,310,449 | 4,173,258 | 4,244,159 | 3,482,402 | 3,104,083 | 2,963,577 | 2,988,494 | 2,870,584 | 5,713,418 | 5,918,949 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 165,568 | 41,969 | 2,881,077 | 493,119 | 392,301 | 2,948,565 | 3,113,795 | 3,114,477 | 3,020,990 | 3,076,124 | 3,121,244 | 3,528,469 | 3,823,115 | 3,668,171 |
| Group/Directors Accounts | 0 | 0 | 0 | 2,598,175 | 2,647,448 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 2,527,961 | 2,590,741 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 2,693,529 | 2,632,710 | 2,881,077 | 3,091,294 | 3,039,749 | 2,948,565 | 3,113,795 | 3,114,477 | 3,020,990 | 3,076,124 | 3,121,244 | 3,528,469 | 3,823,115 | 3,668,171 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 8,562 | 17,125 | 25,687 | 2,875 | 8,625 | 14,375 | 0 | 0 | 1,472 | 10,306 | 1,620,000 | 2,119,000 |
| provisions | 18,205 | 6,338 | 7,871 | 10,009 | 12,131 | 5,393 | 5,816 | 8,000 | 1,109 | 1,454 | 3,212 | 0 | 5,308 | 6,964 |
| total long term liabilities | 18,205 | 6,338 | 16,433 | 27,134 | 37,818 | 8,268 | 14,441 | 22,375 | 1,109 | 1,454 | 4,684 | 10,306 | 1,625,308 | 2,125,964 |
| total liabilities | 2,711,734 | 2,639,048 | 2,897,510 | 3,118,428 | 3,077,567 | 2,956,833 | 3,128,236 | 3,136,852 | 3,022,099 | 3,077,578 | 3,125,928 | 3,538,775 | 5,448,423 | 5,794,135 |
| net assets | 4,913,751 | 4,999,018 | 4,768,473 | 3,659,966 | 2,232,882 | 1,216,425 | 1,115,923 | 345,550 | 81,984 | -114,001 | -137,434 | -668,191 | 264,995 | 124,814 |
| total shareholders funds | 4,913,751 | 4,999,018 | 4,768,473 | 3,659,966 | 2,232,882 | 1,216,425 | 1,115,923 | 345,550 | 81,984 | -114,001 | -137,434 | -668,191 | 264,995 | 124,814 |
| Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 31,041 | 9,549 | 11,249 | 13,894 | 16,317 | 11,507 | 13,175 | 16,236 | 12,477 | 14,547 | 18,114 | 22,083 | 21,476 | 28,484 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||||||||
| Stock | 857,396 | 3,454,946 | -1,284,875 | -787,780 | 225,014 | 1,013,095 | -428,690 | -47,852 | -541,730 | 70,745 | -246,750 | -809,700 | -1,121,216 | 4,431,493 |
| Debtors | 89,882 | 9,934 | -20,287 | -86,727 | 49,741 | 24,040 | -10,209 | 17,016 | -8,180 | -2,386 | 12,079 | -12,988 | 56,264 | 12,924 |
| Creditors | 123,599 | -2,839,108 | 2,387,958 | 100,818 | -2,556,264 | -165,230 | -682 | 93,487 | -55,134 | -45,120 | -407,225 | -294,646 | 154,944 | 3,668,171 |
| Accruals and Deferred Income | -62,780 | 2,590,741 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 11,867 | -1,533 | -2,138 | -2,122 | 6,738 | -423 | -2,184 | 6,891 | -345 | -1,758 | 3,212 | -5,308 | -1,656 | 6,964 |
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | -2,598,175 | -49,273 | 2,647,448 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | -8,562 | -8,563 | -8,562 | 22,812 | -5,750 | -5,750 | 14,375 | 0 | -1,472 | -8,834 | -1,609,694 | -499,000 | 2,119,000 |
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | -1,022,319 | -3,484,728 | 2,204,000 | 2,353,621 | 841,119 | -1,102,704 | 1,213,831 | 392,316 | 700,628 | -78,729 | 368,395 | -2,023,756 | 880,897 | 1,371,897 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -1,022,319 | -3,484,728 | 2,204,000 | 2,353,621 | 841,119 | -1,102,704 | 1,213,831 | 392,316 | 700,628 | -78,729 | 368,395 | -2,023,756 | 880,897 | 1,371,897 |
P&L
September 2022turnover
2.5m
+92%
operating profit
-155.6k
0%
gross margin
20.8%
+7.87%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2022net assets
4.9m
-0.02%
total assets
7.6m
0%
cash
2.6m
-0.28%
net assets
Total assets minus all liabilities
raith homes limited company details
company number
SC242908
Type
Private limited with Share Capital
industry
41202 - Construction of domestic buildings
incorporation date
January 2003
age
21
accounts
Total Exemption Full
ultimate parent company
previous names
raith developments limited (December 2020)
incorporated
UK
address
18 whytescauseway, kirkcaldy, fife, KY1 1XF
last accounts submitted
September 2022
raith homes limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 5 charges/mortgages relating to raith homes limited. Currently there are 2 open charges and 3 have been satisfied in the past.
raith homes limited Companies House Filings - See Documents
| date | description | view/download |
|---|
