Rainham Steel Company Limited

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rainham steel company limited Company Information

Live

MatureMegaHigh

Company Number

01093531

Website

www.rainhamsteel.co.uk

Registered Address

orbital house 20 eastern road, romford, essex, RM1 3PJ

Industry

Wholesale of metals and metal ores

Telephone

01708522311

Next Accounts Due

December 2024

Group Structure

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Directors

Trevor Webb32 Years

Kathryn Ives20 Years

View All

Shareholders

rainham steel holdings ltd 100%

rainham steel company limited Estimated Valuation

£109.1m - £270.7m

The estimated valuation range for rainham steel company limited, derived from financial data as of March 2023 and the most recent industry multiples, is between £109.1m to £270.7m

Get a detailed valuation report, edit figures and unlock valuation multiples.

Rainham Steel Company Limited AI Business Plan

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Rainham Steel Company Limited is a live company located in essex, RM1 3PJ with a Companies House number of 01093531. It operates in the wholesale of metals and metal ores sector, SIC Code 46720. Founded in January 1973, it's largest shareholder is rainham steel holdings ltd with a 100% stake. Rainham Steel Company Limited is a mature, mega sized company, Pomanda has estimated its turnover at £271.7m with high growth in recent years.

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Pomanda's financial health check has awarded Rainham Steel Company Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

1 Regular

4 Weak

Size

annual sales of £271.7m, make it larger than the average company (£27.1m)

Growth

3 year (CAGR) sales growth of 25%, show it is growing at a faster rate (13.6%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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RAINHAM STEEL COMPANY LIMITED group structure

Rainham Steel Company Limited has 1 subsidiary company.

Ultimate parent company

RAINHAM STEEL HOLDINGS LIMITED

04385487

1 parent

RAINHAM STEEL COMPANY LIMITED

01093531

1 subsidiary

RAINHAM REINFORCEMENT LIMITED

12034335

RAINHAM STEEL COMPANY LIMITED Shareholders

rainham steel holdings ltd

100%

Rainham Steel Company Limited currently has 5 directors. The longest serving directors include Mr Trevor Webb (Dec 1991) and Ms Kathryn Ives (Apr 2003).

officer	country	age	start	end	role
Mr Trevor Webb	United Kingdom	65 years	Dec 1991	-	Director
Ms Kathryn Ives	United Kingdom	45 years	Apr 2003	-	Director
Miss Alison Chapman	England	59 years	Aug 2011	-	Director
Mr Francis Micallef	United Kingdom	54 years	Feb 2018	-	Director
Mr Bryan Lawrence	England	46 years	Jun 2022	-	Director

EXPORT

Rainham Steel Company Limited's latest turnover from March 2023 is £271.7 million and the company has net assets of £73.9 million. According to their latest financial statements, Rainham Steel Company Limited has 236 employees and maintains cash reserves of £24.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	271,681,221	255,105,238	129,431,553	139,190,230	126,004,913	114,452,988	108,532,219	90,191,008	99,916,910	99,868,504	96,049,117	90,756,802	86,227,459	63,589,955
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	190,975,442	166,250,350	96,465,540	110,066,659	94,597,209	82,120,498	72,466,534	69,642,085	75,986,966	77,830,180	74,750,026	69,079,369	57,193,948	57,026,311
Gross Profit	80,705,779	88,854,888	32,966,013	29,123,571	31,407,704	32,332,490	36,065,685	20,548,923	23,929,944	22,038,324	21,299,091	21,677,433	29,033,511	6,563,644
Admin Expenses	47,799,334	75,356,512	29,209,785	25,987,812	27,627,069	28,786,567	31,877,856	18,749,480	20,708,408	18,959,915	17,704,319	18,598,026	25,077,679	10,026,033
Operating Profit	32,906,445	13,498,376	3,756,228	3,135,759	3,780,635	3,545,923	4,187,829	1,799,443	3,221,536	3,078,409	3,594,772	3,079,407	3,955,832	-3,462,389
Interest Payable	863,017	450,097	725,908	629,800	485,352	110,890	190,081	321,317	486,733	437,580	232,244	49,278	206,639	522,870
Interest Receivable	4,236	3,679	8,679	17,257	62,273	8,240	452,592	787,819	556,269	626,374	240,464	28,549	15,945	28,593
Pre-Tax Profit	32,047,664	13,051,958	3,038,999	2,523,216	3,357,556	3,449,003	4,450,340	2,265,945	3,291,072	3,276,721	3,607,816	3,063,211	3,769,428	-3,952,578
Tax	-1,989,506	-5,696,107	-588,970	-543,341	-615,206	-718,283	-1,148,967	-514,507	-746,360	-827,974	-943,841	-918,642	-1,114,137	936,549
Profit After Tax	30,058,158	7,355,851	2,450,029	1,979,875	2,742,350	2,730,720	3,301,373	1,751,438	2,544,712	2,448,747	2,663,975	2,144,569	2,655,291	-3,016,029
Dividends Paid	15,770,000	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	14,288,158	7,355,851	2,450,029	1,979,875	2,742,350	2,730,720	3,301,373	1,751,438	2,544,712	2,448,747	2,663,975	2,144,569	2,655,291	-3,016,029
Employee Costs	34,693,870	62,282,759	20,281,616	17,572,134	20,354,369	20,785,141	23,960,832	12,323,668	13,894,235	12,028,105	11,264,454	12,167,644	19,107,487	4,260,263
Number Of Employees	236	217	189	187	177	178	172	166	157	158	147	135	128	126
EBITDA*	36,461,726	17,302,884	6,255,418	5,100,390	5,710,768	5,667,329	5,690,043	3,083,135	4,523,269	4,313,110	4,788,005	4,478,999	5,394,968	-1,807,036

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	15,391,854	13,957,637	9,991,795	8,518,298	8,647,044	9,378,296	7,764,383	7,404,670	7,754,657	7,866,236	8,000,935	8,914,973	9,375,353	10,280,666
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	71,196	71,196	71,196	71,196	71,196	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	6,336,065	3,550,065	3,551,565	0	0	0
Total Fixed Assets	15,463,050	14,028,833	10,062,991	8,589,494	8,718,240	9,378,296	7,764,383	7,404,670	14,090,722	11,416,301	11,552,500	8,914,973	9,375,353	10,280,666
Stock & work in progress	136,371,147	122,380,167	57,243,715	60,641,434	61,532,447	46,600,067	40,956,880	24,042,049	30,697,441	26,055,519	24,482,292	25,098,562	21,113,357	18,936,314
Trade Debtors	52,688,744	57,116,797	39,050,035	31,395,512	28,861,091	27,949,134	27,415,464	21,230,236	16,077,034	24,687,321	21,728,406	23,125,934	23,361,589	15,933,730
Group Debtors	204,305	500,289	571,968	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	7,738,162	3,785,012	6,506,425	2,696,556	4,005,612	8,201,265	1,456,988	15,176,046	15,105,627	9,928,751	2,519,550	1,447,979	1,728,215	2,182,698
Cash	24,717	693,503	7,095,108	3,071,775	171,974	442,297	7,321,289	167,518	103,898	123,286	1,006,112	125,897	8,802,517	973,819
misc current assets	0	0	0	0	0	71,196	71,196	71,196	71,196	71,196	71,196	71,196	71,196	71,196
total current assets	197,027,075	184,475,768	110,467,251	97,805,277	94,571,124	83,263,959	77,221,817	60,687,045	62,055,196	60,866,073	49,807,556	49,869,568	55,076,874	38,097,757
total assets	212,490,125	198,504,601	120,530,242	106,394,771	103,289,364	92,642,255	84,986,200	68,091,715	76,145,918	72,282,374	61,360,056	58,784,541	64,452,227	48,378,423
Bank overdraft	25,805,459	3,838,883	0	0	5,270,407	9,084,166	0	7,923,086	16,957,175	18,899,076	11,152,638	4,155,496	0	0
Bank loan	0	0	0	0	0	0	0	1,000,000	0	0	0	0	0	0
Trade Creditors	40,175,962	57,433,393	40,470,296	24,173,744	16,863,850	7,308,260	16,860,619	9,754,446	9,794,889	6,194,108	4,855,214	13,563,097	14,212,505	14,501,227
Group/Directors Accounts	7,034,006	4,666,316	3,025,394	3,763,726	3,113,524	3,046,110	3,233,489	2,869,618	2,869,618	2,869,618	2,869,618	2,869,618	2,869,618	2,845,486
other short term finances	0	0	0	0	0	0	256,508	0	0	0	0	0	0	0
hp & lease commitments	2,184,282	2,060,374	1,256,313	995,817	741,611	544,652	185,747	227,165	0	0	0	0	0	38,019
other current liabilities	58,119,278	60,542,524	14,171,073	12,980,581	18,022,767	20,613,095	21,740,893	6,827,207	8,015,467	8,871,278	9,294,723	8,431,030	19,010,443	737,046
total current liabilities	133,318,987	128,541,490	58,923,076	41,913,868	44,012,159	40,596,283	42,277,256	28,601,522	37,637,149	36,834,080	28,172,193	29,019,241	36,092,566	18,121,778
loans	2,895,885	7,533,678	7,770,215	13,746,629	10,498,410	6,221,492	0	5,210	1,141,341	671,010	872,174	80,331	800,919	5,573,369
hp & lease commitments	1,508,673	2,326,597	1,338,415	757,776	868,683	686,748	230,594	323,734	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	0	0	0	0	0	0	0	0	0	0	0	0
provisions	857,638	482,052	233,603	161,594	75,083	45,053	116,391	100,663	58,280	12,848	0	33,255	51,597	7,954
total long term liabilities	5,262,196	10,342,327	9,342,233	14,665,999	11,442,176	6,953,293	346,985	429,607	1,199,621	683,858	872,174	113,586	852,516	5,581,323
total liabilities	138,581,183	138,883,817	68,265,309	56,579,867	55,454,335	47,549,576	42,624,241	29,031,129	38,836,770	37,517,938	29,044,367	29,132,827	36,945,082	23,703,101
net assets	73,908,942	59,620,784	52,264,933	49,814,904	47,835,029	45,092,679	42,361,959	39,060,586	37,309,148	34,764,436	32,315,689	29,651,714	27,507,145	24,675,322
total shareholders funds	73,908,942	59,620,784	52,264,933	49,814,904	47,835,029	45,092,679	42,361,959	39,060,586	37,309,148	34,764,436	32,315,689	29,651,714	27,507,145	24,675,322

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	32,906,445	13,498,376	3,756,228	3,135,759	3,780,635	3,545,923	4,187,829	1,799,443	3,221,536	3,078,409	3,594,772	3,079,407	3,955,832	-3,462,389
Depreciation	3,555,281	3,804,508	2,499,190	1,964,631	1,930,133	2,121,406	1,502,214	1,283,692	1,301,733	1,234,701	1,193,233	1,399,592	1,439,136	1,655,353
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-1,989,506	-5,696,107	-588,970	-543,341	-615,206	-718,283	-1,148,967	-514,507	-746,360	-827,974	-943,841	-918,642	-1,114,137	936,549
Stock	13,990,980	65,136,452	-3,397,719	-891,013	14,932,380	5,643,187	16,914,831	-6,655,392	4,641,922	1,573,227	-616,270	3,985,205	2,177,043	18,936,314
Debtors	-770,887	15,273,670	12,036,360	1,225,365	-3,283,696	7,277,947	-7,533,830	-1,112,444	-647,411	10,366,616	3,225,608	-515,891	6,973,376	18,116,428
Creditors	-17,257,431	16,963,097	16,296,552	7,309,894	9,555,590	-9,552,359	7,106,173	-40,443	3,600,781	1,338,894	-8,707,883	-649,408	-288,722	14,501,227
Accruals and Deferred Income	-2,423,246	46,371,451	1,190,492	-5,042,186	-2,590,328	-1,127,798	14,913,686	-1,188,260	-855,811	-423,445	863,693	-10,579,413	18,273,397	737,046
Deferred Taxes & Provisions	375,586	248,449	72,009	86,511	30,030	-71,338	15,728	42,383	45,432	12,848	-33,255	-18,342	43,643	7,954
Cash flow from operations	1,947,036	-5,220,348	14,586,860	6,576,916	442,170	-18,723,583	17,195,662	9,150,144	2,572,800	-7,526,410	-6,642,619	-11,156,120	13,158,730	-22,677,002
Investing Activities
capital expenditure	-4,989,498	-7,770,350	-3,972,687	-1,835,885	-1,198,881	-3,735,319	-1,861,927	-933,705	-1,190,154	-1,100,002	-279,195	-939,212	-533,823	-11,936,019
Change in Investments	0	0	0	0	71,196	0	0	0	0	0	0	0	0	0
cash flow from investments	-4,989,498	-7,770,350	-3,972,687	-1,835,885	-1,270,077	-3,735,319	-1,861,927	-933,705	-1,190,154	-1,100,002	-279,195	-939,212	-533,823	-11,936,019
Financing Activities
Bank loans	0	0	0	0	0	0	-1,000,000	1,000,000	0	0	0	0	0	0
Group/Directors Accounts	2,367,690	1,640,922	-738,332	650,202	67,414	-187,379	363,871	0	0	0	0	0	24,132	2,845,486
Other Short Term Loans	0	0	0	0	0	-256,508	256,508	0	0	0	0	0	0	0
Long term loans	-4,637,793	-236,537	-5,976,414	3,248,219	4,276,918	6,221,492	-5,210	-1,136,131	470,331	-201,164	791,843	-720,588	-4,772,450	5,573,369
Hire Purchase and Lease Commitments	-694,016	1,792,243	841,135	143,299	378,894	815,059	-134,558	550,899	0	0	0	0	-38,019	38,019
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	176,532	27,691,351
interest	-858,781	-446,418	-717,229	-612,543	-423,079	-102,650	262,511	466,502	69,536	188,794	8,220	-20,729	-190,694	-494,277
cash flow from financing	-3,822,900	2,750,210	-6,590,840	3,429,177	4,300,147	6,490,014	-256,878	881,270	539,867	-12,370	800,063	-741,317	-4,800,499	35,653,948
cash and cash equivalents
cash	-668,786	-6,401,605	4,023,333	2,899,801	-270,323	-6,878,992	7,153,771	63,620	-19,388	-882,826	880,215	-8,676,620	7,828,698	973,819
overdraft	21,966,576	3,838,883	0	-5,270,407	-3,813,759	9,084,166	-7,923,086	-9,034,089	-1,941,901	7,746,438	6,997,142	4,155,496	0	0
change in cash	-22,635,362	-10,240,488	4,023,333	8,170,208	3,543,436	-15,963,158	15,076,857	9,097,709	1,922,513	-8,629,264	-6,116,927	-12,832,116	7,828,698	973,819

P&L

March 2023

turnover

271.7m

+6%

operating profit

32.9m

+144%

gross margin

29.8%

-14.71%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2023

net assets

73.9m

+0.24%

total assets

212.5m

+0.07%

cash

24.7k

-0.96%

net assets

Total assets minus all liabilities

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company number

01093531

Type

Private limited with Share Capital

industry

46720 - Wholesale of metals and metal ores

incorporation date

January 1973

age

accounts

Full Accounts

ultimate parent company

RAINHAM STEEL HOLDINGS LIMITED

previous names

rainham steel co. limited (July 1982)

incorporated

address

orbital house 20 eastern road, romford, essex, RM1 3PJ

last accounts submitted

March 2023

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 10 charges/mortgages relating to rainham steel company limited. Currently there are 2 open charges and 8 have been satisfied in the past.

rainham steel company limited Company Information

rainham steel company limited Estimated Valuation

rainham steel company limited Estimated Valuation

rainham steel company limited Estimated Valuation

Rainham Steel Company Limited AI Business Plan

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RAINHAM STEEL COMPANY LIMITED financials

rainham steel company limited company details

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