R. & M. Developments Limited

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r. & m. developments limited Company Information

Live

MatureMidLow

Company Number

01681638

Website

www.randmdev.co.uk

Registered Address

55 clifton street, miles platting, manchester, lancashire, M40 8HF

Industry

Specialised construction activities (other than scaffold erection) n.e.c.

Construction of other civil engineering projects n.e.c.

Telephone

01612023030

Next Accounts Due

October 2024

Group Structure

View All

Directors

Mark Henry24 Years

Kevin Mc Nally24 Years

Shareholders

dklm holdings limited 100%

r. & m. developments limited Estimated Valuation

£1.6m - £2.4m

The estimated valuation range for r. & m. developments limited, derived from financial data as of January 2023 and the most recent industry multiples, is between £1.6m to £2.4m

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R. & M. Developments Limited is a live company located in manchester, M40 8HF with a Companies House number of 01681638. It operates in the construction of other civil engineering projects n.e.c. sector, SIC Code 42990. Founded in November 1982, it's largest shareholder is dklm holdings limited with a 100% stake. R. & M. Developments Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6.6m with low growth in recent years.

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Pomanda's financial health check has awarded R. & M. Developments Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

2 Strong

5 Regular

5 Weak

Size

annual sales of £6.6m, make it smaller than the average company (£9.4m)

Growth

3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (5.7%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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R. & M. DEVELOPMENTS LIMITED group structure

R. & M. Developments Limited has no subsidiary companies.

Ultimate parent company

R. & M. DEVELOPMENTS LIMITED

01681638

R. & M. DEVELOPMENTS LIMITED Shareholders

dklm holdings limited

100%

R. & M. Developments Limited currently has 2 directors. The longest serving directors include Mr Mark Henry (Jun 1999) and Mr Kevin Mc Nally (Jun 1999).

officer	country	age	start	end	role
Mr Mark Henry	England	64 years	Jun 1999	-	Director
Mr Kevin Mc Nally	United Kingdom	56 years	Jun 1999	-	Director

EXPORT

R. & M. Developments Limited's latest turnover from January 2023 is estimated at £6.6 million and the company has net assets of £1.1 million. According to their latest financial statements, R. & M. Developments Limited has 39 employees and maintains cash reserves of £438.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Turnover	6,608,510	4,116,616	5,467,533	6,274,822	10,077,989	6,440,887	5,969,578	5,227,381	9,276,323	11,055,060	10,103,921	8,320,851	6,087,351	5,704,929
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	5,252,288	3,288,121	4,374,528	4,977,673	7,874,996	4,969,918	4,583,617	4,058,734	7,267,477	8,593,212	7,701,475	6,279,055	4,502,133	4,301,346
Gross Profit	1,356,222	828,494	1,093,005	1,297,149	2,202,993	1,470,968	1,385,961	1,168,646	2,008,845	2,461,848	2,402,446	2,041,796	1,585,219	1,403,583
Admin Expenses	1,100,373	-128,129	1,759,325	1,358,386	2,181,299	1,399,044	1,290,493	1,175,984	2,018,176	2,462,211	2,340,934	1,998,187	1,558,470	372,454
Operating Profit	255,849	956,623	-666,320	-61,237	21,694	71,924	95,468	-7,338	-9,331	-363	61,512	43,609	26,749	1,031,129
Interest Payable	64,127	28,049	12,819	8,619	19,518	19,284	20,640	17,737	0	0	0	0	0	0
Interest Receivable	11,701	288	177	6,547	6,749	2,364	1,304	2,502	2,440	2,611	2,532	2,178	2,336	1,276
Pre-Tax Profit	203,422	928,863	-678,962	-63,308	8,925	55,004	76,131	-22,573	-6,891	2,248	64,043	45,786	29,085	1,032,404
Tax	-38,650	-176,484	0	0	-1,696	-10,451	-15,226	0	0	-517	-15,370	-11,904	-8,144	-289,073
Profit After Tax	164,772	752,379	-678,962	-63,308	7,229	44,553	60,905	-22,573	-6,891	1,731	48,673	33,882	20,941	743,331
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	164,772	752,379	-678,962	-63,308	7,229	44,553	60,905	-22,573	-6,891	1,731	48,673	33,882	20,941	743,331
Employee Costs	1,799,128	1,583,290	2,155,793	2,786,152	2,700,395	2,658,198	2,778,150	2,716,182	1,956,891	2,501,634	2,351,651	2,098,171	1,618,899	1,552,970
Number Of Employees	39	36	50	64	64	65	70	70	52	68	65	59	47	42
EBITDA*	361,102	958,221	-665,680	-60,437	22,693	73,174	97,031	-5,384	-6,889	2,688	65,327	48,378	32,711	1,038,580

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Tangible Assets	668,335	433,463	2,561	3,201	4,002	5,001	6,251	455,110	247,046	12,210	15,261	19,076	23,845	29,807
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	447,296	447,296	447,296	447,296	447,296	447,296	447,296	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	1,115,631	880,759	449,857	450,497	451,298	452,297	453,547	455,110	247,046	12,210	15,261	19,076	23,845	29,807
Stock & work in progress	26,181	146,561	184,065	212,297	54,076	174,850	175,000	109,016	98,516	94,942	89,617	85,350	73,876	26,073
Trade Debtors	879,536	546,865	828,518	531,394	903,291	598,321	464,351	461,914	1,665,232	2,003,232	1,723,637	1,519,740	1,141,057	1,004,970
Group Debtors	0	96,815	36,815	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	964,258	555,372	808,265	1,532,492	1,779,194	1,944,490	1,849,832	1,620,808	0	0	0	0	0	0
Cash	438,938	229,685	1,000	352,671	1,393,280	406,463	539,110	503,739	497,025	478,889	565,628	447,047	423,997	510,206
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,308,913	1,575,298	1,858,663	2,628,854	4,129,841	3,124,124	3,028,293	2,695,477	2,260,773	2,577,063	2,378,882	2,052,137	1,638,930	1,541,249
total assets	3,424,544	2,456,057	2,308,520	3,079,351	4,581,139	3,576,421	3,481,840	3,150,587	2,507,819	2,589,273	2,394,143	2,071,213	1,662,775	1,571,056
Bank overdraft	0	0	258,998	155,684	13,980	390,348	12,900	430,550	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,075,896	450,901	496,901	843,440	2,172,545	933,001	782,606	461,085	1,537,119	1,738,173	1,543,706	1,268,190	892,144	821,366
Group/Directors Accounts	0	0	774,542	605,584	447,518	719,597	941,679	695,048	0	0	0	0	0	0
other short term finances	285,627	148,034	5,608	0	11,042	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	403,576	332,795	582,252	605,462	928,563	519,592	761,162	627,946	0	0	0	0	0	0
total current liabilities	1,765,099	931,730	2,118,301	2,210,170	3,573,648	2,562,538	2,498,347	2,214,629	1,537,119	1,738,173	1,543,706	1,268,190	892,144	821,366
loans	431,473	484,917	0	0	74,660	88,281	101,831	115,201	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	0	0	0	0	0	0	126,979	0	0	0	0	0
provisions	121,210	97,420	608	608	950	950	1,563	1,563	1,954	2,442	3,510	4,769	6,259	6,259
total long term liabilities	552,683	582,337	608	608	75,610	89,231	103,394	116,764	128,933	2,442	3,510	4,769	6,259	6,259
total liabilities	2,317,782	1,514,067	2,118,909	2,210,778	3,649,258	2,651,769	2,601,741	2,331,393	1,666,052	1,740,615	1,547,216	1,272,959	898,403	827,625
net assets	1,106,762	941,990	189,611	868,573	931,881	924,652	880,099	819,194	841,767	848,658	846,927	798,254	764,372	743,431
total shareholders funds	1,106,762	941,990	189,611	868,573	931,881	924,652	880,099	819,194	841,767	848,658	846,927	798,254	764,372	743,431

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Operating Activities
Operating Profit	255,849	956,623	-666,320	-61,237	21,694	71,924	95,468	-7,338	-9,331	-363	61,512	43,609	26,749	1,031,129
Depreciation	105,253	1,598	640	800	999	1,250	1,563	1,954	2,442	3,051	3,815	4,769	5,962	7,451
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-38,650	-176,484	0	0	-1,696	-10,451	-15,226	0	0	-517	-15,370	-11,904	-8,144	-289,073
Stock	-120,380	-37,504	-28,232	158,221	-120,774	-150	65,984	10,500	3,574	5,325	4,267	11,474	47,803	26,073
Debtors	644,742	-474,546	-390,288	-618,599	139,674	228,628	231,461	417,490	-338,000	279,595	203,897	378,683	136,087	1,004,970
Creditors	624,995	-46,000	-346,539	-1,329,105	1,239,544	150,395	321,521	-1,076,034	-201,054	194,467	275,516	376,046	70,778	821,366
Accruals and Deferred Income	70,781	-249,457	-23,210	-323,101	408,971	-241,570	133,216	627,946	0	0	0	0	0	0
Deferred Taxes & Provisions	23,790	96,812	0	-342	0	-613	0	-391	-488	-1,068	-1,259	-1,490	0	6,259
Cash flow from operations	517,656	1,095,142	-616,909	-1,252,607	1,650,612	-257,543	239,097	-881,853	125,995	-89,350	116,050	20,873	-88,545	546,089
Investing Activities
capital expenditure	-340,125	-432,500	0	1	0	0	447,296	-210,018	-237,278	0	0	0	0	-37,258
Change in Investments	0	0	0	0	0	0	447,296	0	0	0	0	0	0	0
cash flow from investments	-340,125	-432,500	0	1	0	0	0	-210,018	-237,278	0	0	0	0	-37,258
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	-774,542	168,958	158,066	-272,079	-222,082	246,631	695,048	0	0	0	0	0	0
Other Short Term Loans	137,593	142,426	5,608	-11,042	11,042	0	0	0	0	0	0	0	0	0
Long term loans	-53,444	484,917	0	-74,660	-13,621	-13,550	-13,370	115,201	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	0	0	0	0	0	0	-126,979	126,979	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	-52,426	-27,761	-12,642	-2,072	-12,769	-16,920	-19,336	-15,235	2,440	2,611	2,532	2,178	2,336	1,276
cash flow from financing	31,723	-174,960	161,924	70,292	-287,427	-252,552	213,925	668,035	129,419	2,611	2,532	2,178	2,336	1,376
cash and cash equivalents
cash	209,253	228,685	-351,671	-1,040,609	986,817	-132,647	35,371	6,714	18,136	-86,739	118,581	23,050	-86,209	510,206
overdraft	0	-258,998	103,314	141,704	-376,368	377,448	-417,650	430,550	0	0	0	0	0	0
change in cash	209,253	487,683	-454,985	-1,182,313	1,363,185	-510,095	453,021	-423,836	18,136	-86,739	118,581	23,050	-86,209	510,206

P&L

January 2023

turnover

6.6m

+61%

operating profit

255.8k

gross margin

20.6%

+1.97%

turnover

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

Balance Sheet

January 2023

net assets

1.1m

+0.17%

total assets

3.4m

+0.39%

cash

438.9k

+0.91%

net assets

Total assets minus all liabilities

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3.5

company number

01681638

Type

Private limited with Share Capital

industry

43999 - Specialised construction activities (other than scaffold erection) n.e.c.

42990 - Construction of other civil engineering projects n.e.c.

incorporation date

November 1982

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

55 clifton street, miles platting, manchester, lancashire, M40 8HF

last accounts submitted

January 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 5 charges/mortgages relating to r. & m. developments limited. Currently there are 2 open charges and 3 have been satisfied in the past.

r. & m. developments limited Company Information

r. & m. developments limited Estimated Valuation

r. & m. developments limited Estimated Valuation

r. & m. developments limited Estimated Valuation

R. & M. Developments Limited AI Business Plan

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R. & M. DEVELOPMENTS LIMITED financials

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