reliance worldwide corporation (uk) limited
reliance worldwide corporation (uk) limited Company Information
Company Number
01442922
Next Accounts
Mar 2025
Shareholders
john guest international ltd
Group Structure
View All
Industry
Manufacture of other plastic products
Registered Address
horton road, west drayton, middlesex, UB7 8JL
Website
http://rwc.comreliance worldwide corporation (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of RELIANCE WORLDWIDE CORPORATION (UK) LIMITED at £236.7m based on a Turnover of £195.3m and 1.21x industry multiple (adjusted for size and gross margin).
reliance worldwide corporation (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of RELIANCE WORLDWIDE CORPORATION (UK) LIMITED at £625.3m based on an EBITDA of £67.5m and a 9.27x industry multiple (adjusted for size and gross margin).
reliance worldwide corporation (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of RELIANCE WORLDWIDE CORPORATION (UK) LIMITED at £151.8m based on Net Assets of £83.1m and 1.83x industry multiple (adjusted for liquidity).
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Reliance Worldwide Corporation (uk) Limited Overview
Reliance Worldwide Corporation (uk) Limited is a live company located in middlesex, UB7 8JL with a Companies House number of 01442922. It operates in the manufacture of other plastic products sector, SIC Code 22290. Founded in August 1979, it's largest shareholder is john guest international ltd with a 100% stake. Reliance Worldwide Corporation (uk) Limited is a mature, mega sized company, Pomanda has estimated its turnover at £195.3m with healthy growth in recent years.
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Reliance Worldwide Corporation (uk) Limited Health Check
Pomanda's financial health check has awarded Reliance Worldwide Corporation (Uk) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
4 Weak
Size
annual sales of £195.3m, make it larger than the average company (£15.9m)
£195.3m - Reliance Worldwide Corporation (uk) Limited
£15.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a similar rate (7%)
8% - Reliance Worldwide Corporation (uk) Limited
7% - Industry AVG
Production
with a gross margin of 47.9%, this company has a lower cost of product (26.1%)
47.9% - Reliance Worldwide Corporation (uk) Limited
26.1% - Industry AVG
Profitability
an operating margin of 34% make it more profitable than the average company (5.7%)
34% - Reliance Worldwide Corporation (uk) Limited
5.7% - Industry AVG
Employees
with 884 employees, this is above the industry average (90)
884 - Reliance Worldwide Corporation (uk) Limited
90 - Industry AVG
Pay Structure
on an average salary of £46.3k, the company has a higher pay structure (£36.3k)
£46.3k - Reliance Worldwide Corporation (uk) Limited
£36.3k - Industry AVG
Efficiency
resulting in sales per employee of £220.9k, this is more efficient (£169.6k)
£220.9k - Reliance Worldwide Corporation (uk) Limited
£169.6k - Industry AVG
Debtor Days
it gets paid by customers after 43 days, this is near the average (54 days)
43 days - Reliance Worldwide Corporation (uk) Limited
54 days - Industry AVG
Creditor Days
its suppliers are paid after 25 days, this is quicker than average (41 days)
25 days - Reliance Worldwide Corporation (uk) Limited
41 days - Industry AVG
Stock Days
it holds stock equivalent to 97 days, this is more than average (60 days)
97 days - Reliance Worldwide Corporation (uk) Limited
60 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (12 weeks)
1 weeks - Reliance Worldwide Corporation (uk) Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 35.2%, this is a lower level of debt than the average (43.1%)
35.2% - Reliance Worldwide Corporation (uk) Limited
43.1% - Industry AVG
RELIANCE WORLDWIDE CORPORATION (UK) LIMITED financials
Reliance Worldwide Corporation (Uk) Limited's latest turnover from June 2023 is £195.3 million and the company has net assets of £83.1 million. According to their latest financial statements, Reliance Worldwide Corporation (Uk) Limited has 884 employees and maintains cash reserves of £923 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 195,317,000 | 194,702,000 | 196,461,000 | 154,338,000 | 224,058,000 | 158,142,654 | 139,661,590 | 125,218,352 | 118,149,945 | 109,789,110 | 102,728,824 | 103,614,863 | 99,168,631 | 83,886,902 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 101,734,000 | 96,635,000 | 98,319,000 | 84,997,000 | 128,623,000 | 66,941,995 | 62,577,190 | 58,496,565 | 55,555,066 | 52,480,121 | 49,263,592 | 49,385,777 | 48,701,913 | 43,757,280 |
| Gross Profit | 93,583,000 | 98,067,000 | 98,142,000 | 69,341,000 | 95,435,000 | 91,200,659 | 77,084,400 | 66,721,787 | 62,594,879 | 57,308,989 | 53,465,232 | 54,229,086 | 50,466,718 | 40,129,622 |
| Admin Expenses | 27,271,000 | 37,343,000 | 32,888,000 | 34,408,000 | 55,637,000 | 58,227,866 | 52,821,356 | 49,443,882 | 47,811,144 | 44,048,432 | 43,355,192 | 39,846,354 | 38,482,123 | 35,241,691 |
| Operating Profit | 66,312,000 | 60,724,000 | 65,254,000 | 34,933,000 | 39,798,000 | 32,972,793 | 24,263,044 | 17,277,905 | 14,783,735 | 13,260,557 | 10,110,040 | 14,382,732 | 11,984,595 | 4,887,931 |
| Interest Payable | 359,000 | 345,000 | 169,000 | 184,000 | 58,000 | 145,590 | 227,224 | 312,823 | 372,997 | 412,862 | 514,013 | 533,648 | 610,776 | 760,905 |
| Interest Receivable | 58,591 | 81,301 | 92,410 | 46,329 | 74,182 | |||||||||
| Pre-Tax Profit | 67,015,000 | 61,026,000 | 65,085,000 | 40,640,000 | 47,047,000 | 32,891,971 | 24,136,387 | 17,102,240 | 14,542,617 | 12,906,286 | 9,677,328 | 13,941,494 | 11,420,148 | 4,201,208 |
| Tax | -11,535,000 | -9,157,000 | -11,170,000 | -5,856,000 | -7,926,000 | -7,498,685 | -5,843,039 | -4,170,482 | -3,842,395 | -3,590,924 | -2,751,847 | -4,147,325 | -3,580,150 | -1,035,641 |
| Profit After Tax | 55,480,000 | 51,869,000 | 53,915,000 | 34,784,000 | 39,121,000 | 25,393,286 | 18,293,348 | 12,931,758 | 10,700,222 | 9,315,362 | 6,925,481 | 9,794,169 | 7,839,998 | 3,165,567 |
| Dividends Paid | 29,000,000 | 56,474,000 | 29,575,000 | 22,191,000 | 20,000,000 | 20,000,000 | 6,000,000 | 24,000,000 | 3,000,000 | 3,000,000 | ||||
| Retained Profit | 55,480,000 | 22,869,000 | -2,559,000 | 5,209,000 | 16,930,000 | 5,393,286 | -1,706,652 | 6,931,758 | 10,700,222 | -14,684,638 | 3,925,481 | 6,794,169 | 7,839,998 | 3,165,567 |
| Employee Costs | 40,908,000 | 41,156,000 | 41,980,000 | 37,760,000 | 64,106,000 | 43,620,994 | 40,723,877 | 37,769,591 | 36,119,156 | 36,220,948 | 38,467,866 | 36,433,567 | 35,726,577 | 34,093,556 |
| Number Of Employees | 884 | 917 | 925 | 992 | 999 | 908 | 877 | 1,027 | 986 | 941 | 950 | 939 | 926 | 924 |
| EBITDA* | 67,467,000 | 67,827,000 | 73,216,000 | 43,851,000 | 39,798,000 | 38,877,910 | 30,112,325 | 23,179,714 | 20,448,174 | 18,868,844 | 15,131,118 | 19,717,823 | 17,392,075 | 9,995,056 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 53,209,000 | 65,561,000 | 54,382,000 | 50,128,000 | 50,588,000 | 51,118,901 | 49,356,025 | 45,999,536 | 45,102,915 | 44,018,652 | 43,824,956 | 42,220,437 | 42,086,392 | 43,832,036 |
| Intangible Assets | 6,501,000 | 5,992,000 | 5,841,000 | 6,708,000 | 189,000 | |||||||||
| Investments & Other | 4,503,000 | 1,221,000 | 1,221,000 | 1,257,000 | 1,297,000 | |||||||||
| Debtors (Due After 1 year) | 42,000 | 65,000 | 66,000 | 95,000 | ||||||||||
| Total Fixed Assets | 64,255,000 | 72,839,000 | 61,510,000 | 58,188,000 | 52,074,000 | 51,118,901 | 49,356,025 | 45,999,536 | 45,102,915 | 44,018,652 | 43,824,956 | 42,220,437 | 42,086,392 | 43,832,036 |
| Stock & work in progress | 27,155,000 | 33,739,000 | 23,756,000 | 18,870,000 | 20,663,000 | 12,648,931 | 12,799,571 | 11,294,149 | 10,749,772 | 10,377,537 | 10,062,423 | 9,755,709 | 9,000,495 | 8,856,027 |
| Trade Debtors | 23,448,000 | 25,312,000 | 23,977,000 | 30,877,000 | 27,335,000 | 11,261,498 | 10,803,248 | 8,733,201 | 7,957,942 | 8,745,102 | 7,939,839 | 8,383,859 | 8,237,144 | 8,040,236 |
| Group Debtors | 7,268,000 | 15,997,000 | 12,596,000 | 7,121,000 | 9,317,132 | 4,061,234 | 4,479,106 | 3,091,094 | 4,281,779 | 1,871,243 | 788,693 | 263,369 | 946,307 | |
| Misc Debtors | 2,054,000 | 1,450,000 | 1,291,000 | 2,707,000 | 1,969,060 | 1,535,124 | 1,528,576 | 1,905,583 | 1,176,594 | 1,556,963 | 1,287,918 | 776,663 | 1,029,864 | |
| Cash | 923,000 | 4,782,000 | 182,000 | 4,373,000 | 5,962,000 | 30,342,985 | 24,251,364 | 29,101,857 | 28,559,225 | 21,852,684 | 21,394,761 | 22,502,112 | 18,881,978 | 10,442,692 |
| misc current assets | 3,116,000 | 1,622,000 | ||||||||||||
| total current assets | 63,964,000 | 82,902,000 | 61,802,000 | 54,120,000 | 63,788,000 | 65,539,606 | 53,450,541 | 55,136,889 | 52,263,616 | 46,433,696 | 42,825,229 | 42,718,291 | 37,159,649 | 29,315,126 |
| total assets | 128,219,000 | 155,741,000 | 123,312,000 | 112,308,000 | 115,862,000 | 116,658,507 | 102,806,566 | 101,136,425 | 97,366,531 | 90,452,348 | 86,650,185 | 84,938,728 | 79,246,041 | 73,147,162 |
| Bank overdraft | 757,812 | 1,296,370 | 1,645,995 | 1,275,376 | 1,768,503 | 1,822,359 | 2,176,117 | 2,878,197 | 3,846,765 | |||||
| Bank loan | ||||||||||||||
| Trade Creditors | 7,063,000 | 8,425,000 | 11,074,000 | 5,472,000 | 13,204,000 | 7,202,558 | 6,653,198 | 6,033,353 | 6,276,970 | 6,173,780 | 5,642,259 | 5,670,230 | 5,079,027 | 4,790,365 |
| Group/Directors Accounts | 2,691,000 | 5,156,000 | 4,412,000 | 1,017,000 | 887,000 | 10,770,982 | 17,176,184 | 18,353,524 | 19,548,593 | 21,450,448 | 2,573,628 | 1,357,803 | 704,812 | 1,295,532 |
| other short term finances | 3,165,000 | 5,442 | ||||||||||||
| hp & lease commitments | 1,663,000 | 1,751,000 | 803,000 | 743,000 | 232,609 | 727,192 | 689,387 | 562,442 | 1,177,012 | 929,248 | 363,989 | 564,940 | ||
| other current liabilities | 15,505,000 | 23,500,000 | 20,248,000 | 14,609,000 | 10,767,000 | 7,217,101 | 6,231,254 | 4,546,454 | 4,262,395 | 4,380,354 | 3,669,802 | 4,530,396 | 5,105,358 | 2,893,777 |
| total current liabilities | 30,087,000 | 38,832,000 | 36,537,000 | 21,841,000 | 24,858,000 | 25,953,895 | 31,589,615 | 31,306,518 | 32,052,721 | 34,335,527 | 14,885,060 | 14,663,794 | 14,131,383 | 13,391,379 |
| loans | 13,046,000 | 118,290 | 897,014 | 1,777,803 | 3,376,410 | 4,645,644 | 5,062,500 | 6,291,665 | 7,984,562 | 10,466,194 | ||||
| hp & lease commitments | 7,669,000 | 9,749,000 | 3,329,000 | 3,557,000 | 232,618 | 298,289 | 88,099 | 370,516 | 727,865 | 180,997 | 55,517 | |||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | 980,992 | 895,191 | 685,910 | 816,899 | 653,892 | 466,632 | 404,479 | 426,305 | 398,779 | |||||
| provisions | 7,398,000 | 4,838,000 | 3,993,000 | 4,898,000 | 1,291,000 | 394,639 | 474,330 | 382,970 | 485,390 | 219,131 | 535,739 | 850,694 | 1,105,374 | 1,174,052 |
| total long term liabilities | 15,067,000 | 14,587,000 | 7,322,000 | 8,455,000 | 14,337,000 | 1,493,921 | 2,266,535 | 3,079,301 | 4,976,988 | 5,606,766 | 6,435,387 | 8,274,703 | 9,697,238 | 12,094,542 |
| total liabilities | 45,154,000 | 53,419,000 | 43,859,000 | 30,296,000 | 39,195,000 | 27,447,816 | 33,856,150 | 34,385,819 | 37,029,709 | 39,942,293 | 21,320,447 | 22,938,497 | 23,828,621 | 25,485,921 |
| net assets | 83,065,000 | 102,322,000 | 79,453,000 | 82,012,000 | 76,667,000 | 89,210,691 | 68,950,416 | 66,750,606 | 60,336,822 | 50,510,055 | 65,329,738 | 62,000,231 | 55,417,420 | 47,661,241 |
| total shareholders funds | 83,065,000 | 102,322,000 | 79,453,000 | 82,012,000 | 76,667,000 | 89,210,691 | 68,950,416 | 66,750,606 | 60,336,822 | 50,510,055 | 65,329,738 | 62,000,231 | 55,417,420 | 47,661,241 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 66,312,000 | 60,724,000 | 65,254,000 | 34,933,000 | 39,798,000 | 32,972,793 | 24,263,044 | 17,277,905 | 14,783,735 | 13,260,557 | 10,110,040 | 14,382,732 | 11,984,595 | 4,887,931 |
| Depreciation | 1,155,000 | 6,414,000 | 7,295,000 | 8,058,000 | 5,905,117 | 5,849,281 | 5,901,809 | 5,664,439 | 5,608,287 | 5,021,078 | 5,335,091 | 5,407,480 | 5,107,125 | |
| Amortisation | 689,000 | 667,000 | 860,000 | |||||||||||
| Tax | -11,535,000 | -9,157,000 | -11,170,000 | -5,856,000 | -7,926,000 | -7,498,685 | -5,843,039 | -4,170,482 | -3,842,395 | -3,590,924 | -2,751,847 | -4,147,325 | -3,580,150 | -1,035,641 |
| Stock | -6,584,000 | 9,983,000 | 4,886,000 | -1,793,000 | 20,663,000 | -150,640 | 1,505,422 | 544,377 | 372,235 | 315,114 | 306,714 | 755,214 | 144,468 | 8,856,027 |
| Debtors | -10,012,000 | 4,894,000 | 6,958,000 | -6,191,000 | 37,163,000 | 6,148,084 | 1,658,723 | 1,786,264 | -1,248,856 | 2,835,430 | 907,575 | 1,183,294 | -739,231 | 10,016,407 |
| Creditors | -1,362,000 | -2,649,000 | 5,602,000 | -7,732,000 | 13,204,000 | 549,360 | 619,845 | -243,617 | 103,190 | 531,521 | -27,971 | 591,203 | 288,662 | 4,790,365 |
| Accruals and Deferred Income | -7,995,000 | 3,252,000 | 5,639,000 | 3,842,000 | 10,767,000 | 985,847 | 1,684,800 | 284,059 | -117,959 | 710,552 | -860,594 | -574,962 | 2,211,581 | 2,893,777 |
| Deferred Taxes & Provisions | 2,560,000 | 845,000 | -905,000 | 3,607,000 | 1,291,000 | -79,691 | 91,360 | -102,420 | 266,259 | -316,608 | -314,955 | -254,680 | -68,678 | 1,174,052 |
| Cash flow from operations | 65,731,000 | 45,241,000 | 60,538,000 | 45,696,000 | -692,000 | 26,837,297 | 23,501,146 | 16,616,613 | 17,733,890 | 13,052,841 | 9,961,462 | 13,393,551 | 16,838,253 | -1,054,825 |
| Investing Activities | ||||||||||||||
| capital expenditure | -7,632,660 | -8,185,285 | -6,575,798 | -5,778,138 | ||||||||||
| Change in Investments | 3,282,000 | -36,000 | -40,000 | 1,297,000 | ||||||||||
| cash flow from investments | -7,632,660 | -8,185,285 | -6,575,798 | -5,778,138 | ||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | -2,465,000 | 744,000 | 3,395,000 | 130,000 | 887,000 | -6,405,202 | -1,177,340 | -1,195,069 | -1,901,855 | 18,876,820 | 1,215,825 | 652,991 | -590,720 | 1,295,532 |
| Other Short Term Loans | 3,165,000 | 5,442 | ||||||||||||
| Long term loans | -13,046,000 | 13,046,000 | -778,724 | -880,789 | -1,598,607 | -1,269,234 | -416,856 | -1,229,165 | -1,692,897 | -2,481,632 | 10,466,194 | |||
| Hire Purchase and Lease Commitments | -2,168,000 | 7,368,000 | -168,000 | 4,300,000 | -232,609 | -727,201 | -27,866 | 337,135 | -896,987 | -109,585 | 1,112,127 | -75,471 | 620,457 | |
| other long term liabilities | 85,801 | 209,281 | -130,989 | 163,007 | 187,260 | 62,153 | -21,826 | 27,526 | 398,779 | |||||
| share issue | ||||||||||||||
| interest | -359,000 | -345,000 | -169,000 | -184,000 | -58,000 | -145,590 | -227,224 | -312,823 | -372,997 | -354,271 | -432,712 | -441,238 | -564,447 | -686,723 |
| cash flow from financing | -76,564,000 | 7,767,000 | 3,058,000 | -8,664,000 | 73,612,000 | 7,396,107 | 1,103,189 | -3,783,328 | -3,917,399 | 17,260,921 | -1,089,458 | -602,201 | -3,768,563 | 56,589,913 |
| cash and cash equivalents | ||||||||||||||
| cash | -3,859,000 | 4,600,000 | -4,191,000 | -1,589,000 | 5,962,000 | 6,091,621 | -4,850,493 | 542,632 | 6,706,541 | 457,923 | -1,107,351 | 3,620,134 | 8,439,286 | 10,442,692 |
| overdraft | -538,558 | -349,625 | 370,619 | -493,127 | -53,856 | -353,758 | -702,080 | -968,568 | 3,846,765 | |||||
| change in cash | -3,859,000 | 4,600,000 | -4,191,000 | -1,589,000 | 5,962,000 | 6,630,179 | -4,500,868 | 172,013 | 7,199,668 | 511,779 | -753,593 | 4,322,214 | 9,407,854 | 6,595,927 |
reliance worldwide corporation (uk) limited Credit Report and Business Information
Reliance Worldwide Corporation (uk) Limited Competitor Analysis
Perform a competitor analysis for reliance worldwide corporation (uk) limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mega companies, companies in UB7 area or any other competitors across 12 key performance metrics.
reliance worldwide corporation (uk) limited Ownership
RELIANCE WORLDWIDE CORPORATION (UK) LIMITED group structure
Reliance Worldwide Corporation (Uk) Limited has 1 subsidiary company.
Ultimate parent company
RELIANCE WORLDWIDE CORP LTD
#0111104
2 parents
RELIANCE WORLDWIDE CORPORATION (UK) LIMITED
01442922
1 subsidiary
reliance worldwide corporation (uk) limited directors
Reliance Worldwide Corporation (Uk) Limited currently has 3 directors. The longest serving directors include Mr Simon Curry (Mar 2023) and Mrs Sarah Brook (Mar 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Simon Curry | England | 53 years | Mar 2023 | - | Director |
| Mrs Sarah Brook | 57 years | Mar 2023 | - | Director | |
| Anisha Rayat | 37 years | Dec 2023 | - | Director |
P&L
June 2023turnover
195.3m
0%
operating profit
66.3m
+9%
gross margin
48%
-4.87%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
83.1m
-0.19%
total assets
128.2m
-0.18%
cash
923k
-0.81%
net assets
Total assets minus all liabilities
reliance worldwide corporation (uk) limited company details
company number
01442922
Type
Private limited with Share Capital
industry
22290 - Manufacture of other plastic products
incorporation date
August 1979
age
46
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
June 2023
previous names
john guest limited (May 2019)
revcol limited (September 1982)
accountant
-
auditor
KPMG LLP
address
horton road, west drayton, middlesex, UB7 8JL
Bank
HSBC BANK PLC
Legal Advisor
-
reliance worldwide corporation (uk) 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 19 charges/mortgages relating to reliance worldwide corporation (uk) limited. Currently there are 0 open charges and 19 have been satisfied in the past.
reliance worldwide corporation (uk) 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.
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reliance worldwide corporation (uk) limited Companies House Filings - See Documents
| date | description | view/download |
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