Rathern Limited

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rathern limited Company Information

Live

MatureMidRapid

Company Number

01581516

Next Accounts

Sep 2025

Industry

Hotels and similar accommodation

Directors

Sulochana Patel

Kirit Patel

View All

Shareholders

tirupati balaji ltd

Group Structure

View All

Contact

Registered Address

kalamu house 11 coldbath square, london, EC1R 5HL

Website

http://hilton.com

rathern limited Estimated Valuation

£14m

Pomanda estimates the enterprise value of RATHERN LIMITED at £14m based on an EBITDA of £2.6m and a 5.47x industry multiple (adjusted for size and gross margin).

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Rathern Limited is a live company located in london, EC1R 5HL with a Companies House number of 01581516. It operates in the hotels and similar accommodation sector, SIC Code 55100. Founded in August 1981, it's largest shareholder is tirupati balaji ltd with a 100% stake. Rathern Limited is a mature, mid sized company, Pomanda has estimated its turnover at £8.2m with rapid growth in recent years.

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Pomanda's financial health check has awarded Rathern Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

3 Regular

2 Weak

Size

annual sales of £8.2m, make it larger than the average company (£5.6m)

Growth

3 year (CAGR) sales growth of 80%, show it is growing at a faster rate (10.9%)

EXPORT

Rathern Limited's latest turnover from December 2023 is estimated at £8.2 million and the company has net assets of £3.2 million. According to their latest financial statements, Rathern Limited has 37 employees and maintains cash reserves of £1.2 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	8,220,756	6,707,498	2,197,714	1,405,594	3,376,675	2,631,499	2,865,812	3,623,480	3,260,148	9,428,416	15,096,389	20,549,956	22,333,476	26,567,897	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,991,111	112,172	48,451	35,793	1,319,697	1,016,637	1,109,128	1,344,688	1,210,938	3,509,671	5,865,033	7,711,343	8,813,128	9,798,797	0
Gross Profit	5,229,645	6,595,326	2,149,263	1,369,801	2,056,978	1,614,862	1,756,683	2,278,792	2,049,209	5,918,745	9,231,356	12,838,613	13,520,348	16,769,100	0
Admin Expenses	3,287,652	5,239,483	2,902,432	2,792,617	311,967	304,602	606,016	894,450	689,194	5,062,678	8,728,660	12,148,737	13,534,822	16,277,881	-394,031
Operating Profit	1,941,993	1,355,843	-753,169	-1,422,816	1,745,011	1,310,260	1,150,667	1,384,342	1,360,015	856,067	502,696	689,876	-14,474	491,219	394,031
Interest Payable	1,312,287	717,408	398,930	501,317	749,952	796,617	809,241	824,822	439,095	0	0	0	0	0	0
Interest Receivable	73,222	8,595	1	725	687	429	398	496	1,437	1,022	463	1,415	2,331	1,750	743
Pre-Tax Profit	702,928	647,030	-1,152,098	-1,923,408	995,746	514,072	341,823	560,016	922,358	857,090	503,160	691,291	-12,143	492,969	394,774
Tax	-175,732	-250,388	119,778	270,517	-189,192	-97,674	-64,946	-112,003	-184,471	-179,989	-115,727	-165,910	0	-138,031	-110,537
Profit After Tax	527,196	396,642	-1,032,320	-1,652,891	806,554	416,398	276,877	448,013	737,886	677,101	387,433	525,381	-12,143	354,938	284,237
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	527,196	396,642	-1,032,320	-1,652,891	806,554	416,398	276,877	448,013	737,886	677,101	387,433	525,381	-12,143	354,938	284,237
Employee Costs	910,146	739,190	571,334	650,406	676,683	670,696	582,317	573,806	577,714	2,987,016	4,876,063	6,650,873	7,092,514	8,592,499	0
Number Of Employees	37	33	29	33	34	35	32	32	33	183	304	421	444	538	0
EBITDA*	2,559,346	2,098,925	-19,368	-680,960	2,540,415	2,121,145	1,960,722	2,129,266	2,308,405	2,072,466	1,685,133	1,835,029	913,773	1,506,858	888,030

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	14,277,334	14,882,457	15,623,897	16,354,912	17,043,586	17,753,893	18,380,100	18,759,557	19,290,290	19,928,886	20,841,361	21,834,742	22,262,204	22,155,040	19,079,433
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	14,277,334	14,882,457	15,623,897	16,354,912	17,043,586	17,753,893	18,380,100	18,759,557	19,290,290	19,928,886	20,841,361	21,834,742	22,262,204	22,155,040	19,079,433
Stock & work in progress	10,200	9,984	4,500	4,500	4,500	4,500	4,500	4,500	4,500	4,165	3,000	3,500	2,618	3,000	2,942
Trade Debtors	376,377	375,946	195,613	81,499	157,080	101,215	123,720	182,517	173,858	380,526	576,236	806,328	869,526	1,064,850	1,530,910
Group Debtors	136,065	88,695	147,237	123,222	110,359	61,474	25,315	0	0	0	0	0	0	0	0
Misc Debtors	422,406	518,120	354,225	252,168	385,143	341,239	330,581	322,551	539,161	0	0	0	0	0	0
Cash	1,218,666	1,570,749	344,540	27,038	145,754	37,364	76,971	82,081	314,614	260,198	148,757	36,575	529,485	402,980	297,001
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,163,714	2,563,494	1,046,115	488,427	802,836	545,792	561,087	591,649	1,032,133	644,889	727,993	846,403	1,401,629	1,470,830	1,830,853
total assets	16,441,048	17,445,951	16,670,012	16,843,339	17,846,422	18,299,685	18,941,187	19,351,206	20,322,423	20,573,775	21,569,354	22,681,145	23,663,833	23,625,870	20,910,286
Bank overdraft	0	0	0	0	48,635	128,466	112,419	0	212,000	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	769,322	611,557	629,081	393,339	499,497	945,266	1,387,959	1,058,197	643,299	484,665	2,161,404	1,942,528	1,485,768	1,886,811	1,271,220
Group/Directors Accounts	972,363	340,471	108,416	125,000	9,499	479,850	533,079	610,544	0	458,701	0	0	527,905	40,000	0
other short term finances	0	0	0	0	900,000	1,850,400	1,565,694	2,065,500	1,540,000	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	32,123	51,710	62,334	0	0	0	0	0	0
other current liabilities	565,325	942,156	316,101	117,414	1,470,958	849,721	904,745	957,393	1,521,065	2,616,457	0	0	0	0	0
total current liabilities	2,307,010	1,894,184	1,053,598	635,753	2,928,589	4,253,703	4,536,019	4,743,344	3,978,698	3,559,823	2,161,404	1,942,528	2,013,673	1,926,811	1,271,220
loans	10,702,676	12,626,868	13,099,045	12,633,466	9,684,742	9,608,555	10,337,941	10,818,184	11,758,604	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	41,354	87,063	0	0	0	0	0	0
Accruals and Deferred Income	0	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	13,317,632	17,768,104	19,486,204	20,923,128	20,959,884	19,254,829
provisions	190,060	210,793	199,905	224,336	230,416	241,306	287,504	245,478	266,235	202,383	0	0	0	0	0
total long term liabilities	10,892,736	12,837,661	13,298,950	12,857,802	9,915,158	9,849,861	10,625,445	11,105,016	12,111,902	13,520,015	17,768,104	19,486,204	20,923,128	20,959,884	19,254,829
total liabilities	13,199,746	14,731,845	14,352,548	13,493,555	12,843,747	14,103,564	15,161,464	15,848,360	16,090,600	17,079,838	19,929,508	21,428,732	22,936,801	22,886,695	20,526,049
net assets	3,241,302	2,714,106	2,317,464	3,349,784	5,002,675	4,196,121	3,779,723	3,502,846	4,231,823	3,493,937	1,639,846	1,252,413	727,032	739,175	384,237
total shareholders funds	3,241,302	2,714,106	2,317,464	3,349,784	5,002,675	4,196,121	3,779,723	3,502,846	4,231,823	3,493,937	1,639,846	1,252,413	727,032	739,175	384,237

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	1,941,993	1,355,843	-753,169	-1,422,816	1,745,011	1,310,260	1,150,667	1,384,342	1,360,015	856,067	502,696	689,876	-14,474	491,219	394,031
Depreciation	617,353	743,082	733,801	741,856	795,404	810,885	810,055	744,924	948,390	1,216,399	1,182,437	1,145,153	928,247	1,015,639	493,999
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-175,732	-250,388	119,778	270,517	-189,192	-97,674	-64,946	-112,003	-184,471	-179,989	-115,727	-165,910	0	-138,031	-110,537
Stock	216	5,484	0	0	0	0	0	0	335	1,165	-500	882	-382	58	2,942
Debtors	-47,913	285,686	240,186	-195,693	148,654	24,312	-25,452	-207,951	332,493	-195,710	-230,092	-63,198	-195,324	-466,060	1,530,910
Creditors	157,765	-17,524	235,742	-106,158	-445,769	-442,693	329,762	414,898	158,634	-1,676,739	218,876	456,760	-401,043	615,591	1,271,220
Accruals and Deferred Income	-376,831	626,055	198,687	-1,353,544	621,237	-55,024	-52,648	-563,672	-1,095,392	2,616,457	0	0	0	0	0
Deferred Taxes & Provisions	-20,733	10,888	-24,431	-6,080	-10,890	-46,198	42,026	-20,757	63,852	202,383	0	0	0	0	0
Cash flow from operations	2,191,512	2,176,786	270,222	-1,680,532	2,367,147	1,455,244	2,240,368	2,055,683	918,200	3,229,123	2,018,874	2,188,195	708,436	2,450,420	514,861
Investing Activities
capital expenditure	-12,230	-1,642	-2,786	-53,182	-85,097	-184,678	-430,598	-214,191	-309,794	-303,924	-189,056	-717,691	-1,035,411	-4,091,246	-19,573,432
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-12,230	-1,642	-2,786	-53,182	-85,097	-184,678	-430,598	-214,191	-309,794	-303,924	-189,056	-717,691	-1,035,411	-4,091,246	-19,573,432
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	631,892	232,055	-16,584	115,501	-470,351	-53,229	-77,465	610,544	-458,701	458,701	0	-527,905	487,905	40,000	0
Other Short Term Loans	0	0	0	-900,000	-950,400	284,706	-499,806	525,500	1,540,000	0	0	0	0	0	0
Long term loans	-1,924,192	-472,177	465,579	2,948,724	76,187	-729,386	-480,243	-940,420	11,758,604	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	-32,123	-60,941	-56,333	149,397	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	-13,317,632	-4,450,472	-1,718,100	-1,436,924	-36,756	1,705,055	19,254,829
share issue	0	0	0	0	0	0	0	-1,176,990	0	1,176,990	0	0	0	0	100,000
interest	-1,239,065	-708,813	-398,929	-500,592	-749,265	-796,188	-808,843	-824,326	-437,658	1,022	463	1,415	2,331	1,750	743
cash flow from financing	-2,531,365	-948,935	50,066	1,663,633	-2,093,829	-1,326,220	-1,927,298	-1,862,025	-765,990	-2,813,759	-1,717,637	-1,963,414	453,480	1,746,805	19,355,572
cash and cash equivalents
cash	-352,083	1,226,209	317,502	-118,716	108,390	-39,607	-5,110	-232,533	54,416	111,441	112,182	-492,910	126,505	105,979	297,001
overdraft	0	0	0	-48,635	-79,831	16,047	112,419	-212,000	212,000	0	0	0	0	0	0
change in cash	-352,083	1,226,209	317,502	-70,081	188,221	-55,654	-117,529	-20,533	-157,584	111,441	112,182	-492,910	126,505	105,979	297,001

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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RATHERN LIMITED group structure

Rathern Limited has no subsidiary companies.

Ultimate parent company

RATHERN HOLDINGS LIMITED

12315977

TIRUPATI BALAJI LTD

06862129

2 parents

RATHERN LIMITED

01581516

RATHERN LIMITED Shareholders

tirupati balaji ltd

100%

Rathern Limited currently has 3 directors. The longest serving directors include Mrs Sulochana Patel (Dec 1991) and Mr Kirit Patel (Dec 1991).

officer	country	age	start	end	role
Mrs Sulochana Patel	United Kingdom	78 years	Dec 1991	-	Director
Mr Kirit Patel	United Kingdom	79 years	Dec 1991	-	Director
Mr Jignesh Patel	United Kingdom	52 years	Dec 2020	-	Director

P&L

December 2023

turnover

8.2m

+23%

operating profit

1.9m

gross margin

63.7%

-35.3%

turnover

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

Balance Sheet

December 2023

net assets

3.2m

+0.19%

total assets

16.4m

-0.06%

cash

1.2m

-0.22%

net assets

Total assets minus all liabilities

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company number

01581516

Type

Private limited with Share Capital

industry

55100 - Hotels and similar accommodation

incorporation date

August 1981

ultimate parent company

RATHERN HOLDINGS LIMITED

previous names

N/A

address

kalamu house 11 coldbath square, london, EC1R 5HL

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 14 charges/mortgages relating to rathern limited. Currently there are 4 open charges and 10 have been satisfied in the past.

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rathern limited Company Information

rathern limited Estimated Valuation

rathern limited Estimated Valuation

rathern limited Estimated Valuation

Rathern Limited Overview

Rathern Limited Health Check

RATHERN LIMITED financials

rathern limited Credit Report and Business Information

Rathern Limited Competitor Analysis

rathern limited Ownership

rathern limited directors

rathern limited company details

rathern limited Charges & Mortgages

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rathern limited Companies House Filings - See Documents