is-rayfast limited
is-rayfast limited Company Information
Company Number
01408491
Next Accounts
Jun 2025
Shareholders
diploma uk holdings limited
Group Structure
View All
Industry
Non-specialised wholesale trade
Registered Address
10-11 charterhouse square, london, EC1M 6EE
Website
https://www.is-rayfast.comis-rayfast limited Estimated Valuation
Pomanda estimates the enterprise value of IS-RAYFAST LIMITED at £35.4m based on a Turnover of £48.7m and 0.73x industry multiple (adjusted for size and gross margin).
is-rayfast limited Estimated Valuation
Pomanda estimates the enterprise value of IS-RAYFAST LIMITED at £96.7m based on an EBITDA of £10.7m and a 9.02x industry multiple (adjusted for size and gross margin).
is-rayfast limited Estimated Valuation
Pomanda estimates the enterprise value of IS-RAYFAST LIMITED at £25.5m based on Net Assets of £9.7m and 2.62x industry multiple (adjusted for liquidity).
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Is-rayfast Limited Overview
Is-rayfast Limited is a live company located in london, EC1M 6EE with a Companies House number of 01408491. It operates in the non-specialised wholesale trade sector, SIC Code 46900. Founded in January 1979, it's largest shareholder is diploma uk holdings limited with a 100% stake. Is-rayfast Limited is a mature, large sized company, Pomanda has estimated its turnover at £48.7m with healthy growth in recent years.
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Is-rayfast Limited Health Check
Pomanda's financial health check has awarded Is-Rayfast Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
3 Regular
3 Weak
Size
annual sales of £48.7m, make it larger than the average company (£15.6m)
£48.7m - Is-rayfast Limited
£15.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (6%)
11% - Is-rayfast Limited
6% - Industry AVG
Production
with a gross margin of 30.5%, this company has a comparable cost of product (27.1%)
30.5% - Is-rayfast Limited
27.1% - Industry AVG
Profitability
an operating margin of 21% make it more profitable than the average company (5.3%)
21% - Is-rayfast Limited
5.3% - Industry AVG
Employees
with 112 employees, this is above the industry average (38)
112 - Is-rayfast Limited
38 - Industry AVG
Pay Structure
on an average salary of £54.6k, the company has a higher pay structure (£42.8k)
£54.6k - Is-rayfast Limited
£42.8k - Industry AVG
Efficiency
resulting in sales per employee of £435k, this is more efficient (£369.7k)
£435k - Is-rayfast Limited
£369.7k - Industry AVG
Debtor Days
it gets paid by customers after 62 days, this is near the average (53 days)
62 days - Is-rayfast Limited
53 days - Industry AVG
Creditor Days
its suppliers are paid after 67 days, this is slower than average (34 days)
67 days - Is-rayfast Limited
34 days - Industry AVG
Stock Days
it holds stock equivalent to 83 days, this is in line with average (77 days)
83 days - Is-rayfast Limited
77 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (14 weeks)
6 weeks - Is-rayfast Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 59.6%, this is a higher level of debt than the average (48%)
59.6% - Is-rayfast Limited
48% - Industry AVG
IS-RAYFAST LIMITED financials
Is-Rayfast Limited's latest turnover from September 2023 is £48.7 million and the company has net assets of £9.7 million. According to their latest financial statements, Is-Rayfast Limited has 112 employees and maintains cash reserves of £1.7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | 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 | 48,717,000 | 40,351,000 | 37,303,000 | 35,223,000 | 41,762,000 | 38,085,000 | 32,228,000 | 30,307,000 | 33,631,000 | 44,773,000 | 40,002,000 | 37,727,000 | 32,900,000 | 28,361,000 | 22,790,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 33,857,000 | 28,190,000 | 26,240,000 | 24,715,000 | 29,563,000 | 27,030,000 | 22,888,000 | 21,672,000 | 24,990,000 | 32,981,000 | 29,617,000 | 27,555,000 | 23,768,000 | 20,495,000 | 16,161,000 |
| Gross Profit | 14,860,000 | 12,161,000 | 11,063,000 | 10,508,000 | 12,199,000 | 11,055,000 | 9,340,000 | 8,635,000 | 8,641,000 | 11,792,000 | 10,385,000 | 10,172,000 | 9,132,000 | 7,866,000 | 6,629,000 |
| Admin Expenses | 4,617,000 | 4,171,000 | 2,847,000 | 2,592,000 | 2,125,000 | 1,780,000 | 1,960,000 | 2,163,000 | 2,209,000 | 2,351,000 | |||||
| Operating Profit | 10,243,000 | 7,990,000 | 8,216,000 | 7,916,000 | 10,074,000 | 7,560,000 | 6,675,000 | 6,478,000 | 7,963,000 | 6,781,000 | |||||
| Interest Payable | 78,000 | 88,000 | 15,000 | 23,000 | |||||||||||
| Interest Receivable | 16,000 | ||||||||||||||
| Pre-Tax Profit | 10,165,000 | 7,902,000 | 8,201,000 | 7,893,000 | 10,074,000 | 9,084,000 | 7,560,000 | 6,675,000 | 6,478,000 | 8,644,000 | 7,263,000 | 7,979,000 | 6,781,000 | 5,734,000 | 5,050,000 |
| Tax | -2,280,000 | -1,493,000 | -1,568,000 | -1,517,000 | -1,933,000 | -1,719,000 | -1,472,000 | -1,364,000 | -1,448,000 | -2,188,000 | -1,970,000 | -2,153,000 | -1,970,000 | -1,759,000 | -1,503,000 |
| Profit After Tax | 7,885,000 | 6,409,000 | 6,633,000 | 6,376,000 | 8,141,000 | 7,365,000 | 6,088,000 | 5,311,000 | 5,030,000 | 6,456,000 | 5,293,000 | 5,826,000 | 4,811,000 | 3,975,000 | 3,547,000 |
| Dividends Paid | 10,000,000 | 7,000,000 | 6,000,000 | 8,000,000 | 7,000,000 | 6,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | 9,000,000 | 2,000,000 | 4,000,000 | 3,500,000 | 2,800,000 | |
| Retained Profit | -2,115,000 | -591,000 | 633,000 | -1,624,000 | 1,141,000 | 1,365,000 | -1,912,000 | -2,689,000 | -2,970,000 | -2,544,000 | 3,293,000 | 1,826,000 | 1,311,000 | 3,975,000 | 747,000 |
| Employee Costs | 6,114,000 | 5,200,000 | 4,314,000 | 4,354,000 | 4,866,000 | 4,522,000 | 4,039,000 | 4,192,000 | 4,731,000 | 5,316,000 | 5,136,000 | 4,688,000 | 4,353,000 | 3,781,000 | 2,819,000 |
| Number Of Employees | 112 | 107 | 100 | 113 | 121 | 113 | 109 | 117 | 124 | 144 | 140 | 130 | 121 | 110 | 83 |
| EBITDA* | 10,726,000 | 8,589,000 | 8,686,000 | 8,365,000 | 10,227,000 | 7,760,000 | 6,896,000 | 7,309,000 | 8,586,000 | 7,414,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | 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 | 2,309,000 | 2,218,000 | 637,000 | 869,000 | 475,000 | 527,000 | 598,000 | 774,000 | 1,022,000 | 1,298,000 | 1,150,000 | 588,000 | 196,000 | 221,000 | 299,000 |
| Intangible Assets | 1,714,000 | 1,714,000 | 1,714,000 | 1,714,000 | 1,714,000 | 1,714,000 | 1,714,000 | 1,714,000 | 1,714,000 | 5,870,000 | 5,668,000 | 6,681,000 | 4,830,000 | 5,366,000 | 5,902,000 |
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 4,023,000 | 3,932,000 | 2,351,000 | 2,583,000 | 2,189,000 | 2,241,000 | 2,312,000 | 2,488,000 | 2,736,000 | 7,168,000 | 6,818,000 | 7,269,000 | 5,026,000 | 5,587,000 | 6,201,000 |
| Stock & work in progress | 7,790,000 | 7,854,000 | 5,980,000 | 6,797,000 | 7,111,000 | 7,217,000 | 6,054,000 | 5,417,000 | 5,252,000 | 9,159,000 | 7,251,000 | 6,882,000 | 6,030,000 | 5,051,000 | 4,627,000 |
| Trade Debtors | 8,312,000 | 6,449,000 | 5,947,000 | 4,185,000 | 6,408,000 | 6,292,000 | 4,759,000 | 4,751,000 | 4,178,000 | 7,655,000 | 6,644,000 | 6,593,000 | 4,750,000 | 4,611,000 | 3,751,000 |
| Group Debtors | 2,038,000 | 2,628,000 | 3,749,000 | 3,280,000 | 3,294,000 | 3,571,000 | 4,169,000 | 4,640,000 | 6,386,000 | 3,779,000 | 5,629,000 | 103,000 | 3,882,000 | 1,628,000 | 459,000 |
| Misc Debtors | 282,000 | 320,000 | 384,000 | 326,000 | 157,000 | 150,000 | 100,000 | 119,000 | 254,000 | 236,000 | 265,000 | 243,000 | 453,000 | 320,000 | 387,000 |
| Cash | 1,667,000 | 2,834,000 | 1,886,000 | 729,000 | 1,796,000 | 655,000 | 433,000 | 966,000 | 1,091,000 | 1,666,000 | 1,616,000 | 4,130,000 | 1,982,000 | 3,320,000 | 2,284,000 |
| misc current assets | |||||||||||||||
| total current assets | 20,089,000 | 20,085,000 | 17,946,000 | 15,317,000 | 18,766,000 | 17,885,000 | 15,515,000 | 15,893,000 | 17,161,000 | 22,495,000 | 21,405,000 | 17,951,000 | 17,097,000 | 14,930,000 | 11,508,000 |
| total assets | 24,112,000 | 24,017,000 | 20,297,000 | 17,900,000 | 20,955,000 | 20,126,000 | 17,827,000 | 18,381,000 | 19,897,000 | 29,663,000 | 28,223,000 | 25,220,000 | 22,123,000 | 20,517,000 | 17,709,000 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 6,282,000 | 6,398,000 | 4,499,000 | 3,669,000 | 4,360,000 | 4,568,000 | 3,389,000 | 3,447,000 | 2,689,000 | 4,822,000 | 4,084,000 | 3,781,000 | 3,496,000 | 3,421,000 | 2,575,000 |
| Group/Directors Accounts | 3,013,000 | 1,727,000 | 1,674,000 | 881,000 | 468,000 | 936,000 | 1,394,000 | 74,000 | 39,000 | 3,025,000 | 460,000 | 679,000 | 224,000 | 490,000 | 2,593,000 |
| other short term finances | |||||||||||||||
| hp & lease commitments | 294,000 | 226,000 | 246,000 | 332,000 | |||||||||||
| other current liabilities | 2,871,000 | 1,753,000 | 1,360,000 | 1,006,000 | 2,694,000 | 2,330,000 | 2,109,000 | 2,003,000 | 1,636,000 | 3,318,000 | 2,637,000 | 3,011,000 | 2,480,000 | 1,994,000 | 1,904,000 |
| total current liabilities | 12,460,000 | 10,104,000 | 7,779,000 | 5,888,000 | 7,522,000 | 7,834,000 | 6,892,000 | 5,524,000 | 4,364,000 | 11,165,000 | 7,181,000 | 7,471,000 | 6,200,000 | 5,905,000 | 7,072,000 |
| loans | |||||||||||||||
| hp & lease commitments | 1,831,000 | 1,948,000 | 62,000 | 198,000 | |||||||||||
| Accruals and Deferred Income | 73,000 | 114,000 | |||||||||||||
| other liabilities | |||||||||||||||
| provisions | 12,000 | 14,000 | 5,000 | 8,000 | 18,000 | 5,000 | |||||||||
| total long term liabilities | 1,916,000 | 2,062,000 | 76,000 | 203,000 | 8,000 | 18,000 | 5,000 | ||||||||
| total liabilities | 14,376,000 | 12,166,000 | 7,855,000 | 6,091,000 | 7,522,000 | 7,834,000 | 6,900,000 | 5,542,000 | 4,369,000 | 11,165,000 | 7,181,000 | 7,471,000 | 6,200,000 | 5,905,000 | 7,072,000 |
| net assets | 9,736,000 | 11,851,000 | 12,442,000 | 11,809,000 | 13,433,000 | 12,292,000 | 10,927,000 | 12,839,000 | 15,528,000 | 18,498,000 | 21,042,000 | 17,749,000 | 15,923,000 | 14,612,000 | 10,637,000 |
| total shareholders funds | 9,736,000 | 11,851,000 | 12,442,000 | 11,809,000 | 13,433,000 | 12,292,000 | 10,927,000 | 12,839,000 | 15,528,000 | 18,498,000 | 21,042,000 | 17,749,000 | 15,923,000 | 14,612,000 | 10,637,000 |
| Sep 2023 | 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 | 10,243,000 | 7,990,000 | 8,216,000 | 7,916,000 | 10,074,000 | 7,560,000 | 6,675,000 | 6,478,000 | 7,963,000 | 6,781,000 | |||||
| Depreciation | 85,000 | 599,000 | 470,000 | 449,000 | 153,000 | 151,000 | 200,000 | 221,000 | 241,000 | 206,000 | 199,000 | 87,000 | 97,000 | 125,000 | 126,000 |
| Amortisation | 398,000 | 590,000 | 1,013,000 | 1,013,000 | 536,000 | 536,000 | 536,000 | 291,000 | |||||||
| Tax | -2,280,000 | -1,493,000 | -1,568,000 | -1,517,000 | -1,933,000 | -1,719,000 | -1,472,000 | -1,364,000 | -1,448,000 | -2,188,000 | -1,970,000 | -2,153,000 | -1,970,000 | -1,759,000 | -1,503,000 |
| Stock | -64,000 | 1,874,000 | -817,000 | -314,000 | -106,000 | 1,163,000 | 637,000 | 165,000 | -3,907,000 | 1,908,000 | 369,000 | 852,000 | 979,000 | 424,000 | 4,627,000 |
| Debtors | 1,235,000 | -683,000 | 2,289,000 | -2,068,000 | -154,000 | 985,000 | -482,000 | -1,308,000 | -852,000 | -868,000 | 5,599,000 | -2,146,000 | 2,526,000 | 1,962,000 | 4,597,000 |
| Creditors | -116,000 | 1,899,000 | 830,000 | -691,000 | -208,000 | 1,179,000 | -58,000 | 758,000 | -2,133,000 | 738,000 | 303,000 | 285,000 | 75,000 | 846,000 | 2,575,000 |
| Accruals and Deferred Income | 1,077,000 | 507,000 | 354,000 | -1,688,000 | 364,000 | 221,000 | 106,000 | 367,000 | -1,682,000 | 681,000 | -374,000 | 531,000 | 486,000 | 90,000 | 1,904,000 |
| Deferred Taxes & Provisions | 12,000 | -14,000 | 9,000 | 5,000 | -8,000 | -10,000 | 13,000 | 5,000 | |||||||
| Cash flow from operations | 8,248,000 | 8,297,000 | 6,839,000 | 6,856,000 | 8,710,000 | 6,171,000 | 7,813,000 | 6,810,000 | 8,543,000 | 2,500,000 | |||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 1,286,000 | 53,000 | 793,000 | 413,000 | -468,000 | -458,000 | 1,320,000 | 35,000 | -2,986,000 | 2,565,000 | -219,000 | 455,000 | -266,000 | -2,103,000 | 2,593,000 |
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | -49,000 | 1,866,000 | -222,000 | 530,000 | |||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | -78,000 | -88,000 | -15,000 | -23,000 | 16,000 | ||||||||||
| cash flow from financing | 1,159,000 | 1,831,000 | 556,000 | 920,000 | -468,000 | -458,000 | 1,320,000 | 35,000 | -2,986,000 | 2,565,000 | -219,000 | 471,000 | -266,000 | -2,103,000 | 12,483,000 |
| cash and cash equivalents | |||||||||||||||
| cash | -1,167,000 | 948,000 | 1,157,000 | -1,067,000 | 1,141,000 | 222,000 | -533,000 | -125,000 | -575,000 | 50,000 | -2,514,000 | 2,148,000 | -1,338,000 | 1,036,000 | 2,284,000 |
| overdraft | |||||||||||||||
| change in cash | -1,167,000 | 948,000 | 1,157,000 | -1,067,000 | 1,141,000 | 222,000 | -533,000 | -125,000 | -575,000 | 50,000 | -2,514,000 | 2,148,000 | -1,338,000 | 1,036,000 | 2,284,000 |
is-rayfast limited Credit Report and Business Information
Is-rayfast Limited Competitor Analysis
Perform a competitor analysis for is-rayfast limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in EC1M area or any other competitors across 12 key performance metrics.
is-rayfast limited Ownership
IS-RAYFAST LIMITED group structure
Is-Rayfast Limited has no subsidiary companies.
Ultimate parent company
2 parents
IS-RAYFAST LIMITED
01408491
is-rayfast limited directors
Is-Rayfast Limited currently has 3 directors. The longest serving directors include Mr John Morrison (Oct 2022) and Mr Paul Campbell (Jun 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Morrison | United Kingdom | 40 years | Oct 2022 | - | Director |
| Mr Paul Campbell | 53 years | Jun 2024 | - | Director | |
| Mr Neil Yazdani | England | 45 years | Jun 2024 | - | Director |
P&L
September 2023turnover
48.7m
+21%
operating profit
10.2m
+28%
gross margin
30.6%
+1.21%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
9.7m
-0.18%
total assets
24.1m
0%
cash
1.7m
-0.41%
net assets
Total assets minus all liabilities
is-rayfast limited company details
company number
01408491
Type
Private limited with Share Capital
industry
46900 - Non-specialised wholesale trade
incorporation date
January 1979
age
46
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
September 2023
previous names
rayfast ltd. (March 2001)
rayfast distribution limited (November 1993)
See moreaccountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
10-11 charterhouse square, london, EC1M 6EE
Bank
BARCLAYS BANK PLC
Legal Advisor
-
is-rayfast 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 2 charges/mortgages relating to is-rayfast limited. Currently there are 0 open charges and 2 have been satisfied in the past.
is-rayfast limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for IS-RAYFAST LIMITED. This can take several minutes, an email will notify you when this has completed.
is-rayfast limited Companies House Filings - See Documents
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