Pomanda estimates the enterprise value of RIMSTOCK LIMITED at £0 based on a Turnover of £7.9m and -0.34x industry multiple (adjusted for size and gross margin).
rimstock limitedEstimated Valuation
£24m
Pomanda estimates the enterprise value of RIMSTOCK LIMITED at £24m based on an EBITDA of £-7.1m and a -3.37x industry multiple (adjusted for size and gross margin).
rimstock limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of RIMSTOCK LIMITED at £0 based on Net Assets of £-3.1m and 1.79x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Rimstock LimitedOverview
Rimstock Limited is a live company located in birmingham, B3 2RT with a Companies House number of 01879593. It operates in the manufacture of other parts and accessories for motor vehicles sector, SIC Code 29320. Founded in January 1985, it's largest shareholder is
rimstock holdings limited
with a 100% stake. Rimstock Limited is a mature,
mid sized company, Pomanda has estimated its turnover at
£7.9m with
declining
growth in recent years.
Pomanda's financial health check has awarded Rimstock Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 8 areas for improvement. Company Health Check FAQs
Health Rating1.5out of 5
3 Strong
1 Regular
8 Weak
Size
annual sales of £7.9m, make it smaller than the average company (£20.8m)
£7.9m - Rimstock Limited
£20.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -21%, show it is growing at a slower rate (-3.7%)
-21% - Rimstock Limited
-3.7% - Industry AVG
Production
with a gross margin of -55.8%, this company has a higher cost of product (19.1%)
-55.8% - Rimstock Limited
19.1% - Industry AVG
Profitability
an operating margin of -106.6% make it less profitable than the average company (2%)
-106.6% - Rimstock Limited
2% - Industry AVG
Employees
with 197 employees, this is above the industry average (142)
197 - Rimstock Limited
142 - Industry AVG
Pay Structure
on an average salary of £33.8k, the company has an equivalent pay structure (£36.7k)
£33.8k - Rimstock Limited
£36.7k - Industry AVG
Efficiency
resulting in sales per employee of £40.2k, this is less efficient (£147.9k)
£40.2k - Rimstock Limited
£147.9k - Industry AVG
Debtor Days
it gets paid by customers after 20 days, this is earlier than average (51 days)
20 days - Rimstock Limited
51 days - Industry AVG
Creditor Days
its suppliers are paid after 53 days, this is slower than average (42 days)
53 days - Rimstock Limited
42 days - Industry AVG
Stock Days
it holds stock equivalent to 79 days, this is more than average (60 days)
79 days - Rimstock Limited
60 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 3 weeks, this is less cash available to meet short term requirements (7 weeks)
3 weeks - Rimstock Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 111.5%, this is a higher level of debt than the average (59.4%)
111.5% - Rimstock Limited
59.4% - Industry AVG
RIMSTOCK LIMITED financials
EXPORT
Rimstock Limited's latest turnover from December 2020 is £7.9 million and the company has net assets of -£3.1 million. According to their latest financial statements, Rimstock Limited has 197 employees and maintains cash reserves of £649 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2020
Dec 2019
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Turnover
7,926,000
11,860,000
18,488,000
18,744,000
16,242,000
14,317,515
16,950,180
15,978,870
16,942,821
16,608,334
15,891,022
11,992,077
Other Income Or Grants
Cost Of Sales
12,348,000
14,445,000
21,608,000
14,900,000
12,220,000
10,801,646
12,787,461
11,938,760
13,175,024
12,717,038
11,840,191
8,406,369
Gross Profit
-4,422,000
-2,585,000
-3,120,000
3,844,000
4,022,000
3,515,869
4,162,719
4,040,110
3,767,797
3,891,296
4,050,831
3,585,708
Admin Expenses
4,026,000
3,615,000
5,788,000
3,491,000
3,244,000
3,261,280
3,479,200
3,473,958
3,319,993
3,461,813
3,450,680
Operating Profit
-8,448,000
-6,200,000
-8,908,000
353,000
778,000
254,589
683,519
566,152
447,804
429,483
4,050,831
135,028
Interest Payable
729,000
438,000
383,000
335,000
238,000
194,058
186,370
156,295
160,072
141,417
141,388
159,183
Interest Receivable
8,000
50
166
54
10,154
2,646
Pre-Tax Profit
-9,177,000
-6,638,000
-9,283,000
18,000
540,000
60,531
479,216
408,907
287,898
288,120
474,075
-21,509
Tax
809,000
-379,000
-331,000
2,000
-109,000
78,806
-113,274
100,128
41,185
-66,284
58,110
Profit After Tax
-8,368,000
-7,017,000
-9,614,000
20,000
431,000
139,337
365,942
408,907
388,026
329,305
407,791
36,601
Dividends Paid
30,824
35,792
23,740
28,000
37,000
26,282
Retained Profit
-8,368,000
-7,017,000
-9,614,000
20,000
431,000
139,337
335,118
373,115
364,286
301,305
383,093
57,514
Employee Costs
6,654,000
6,129,000
8,401,000
6,450,000
5,830,000
5,580,147
5,699,316
5,290,633
5,338,701
5,571,617
4,799,906
4,056,258
Number Of Employees
197
253
256
235
224
231
248
246
243
236
205
168
EBITDA*
-7,111,000
-4,853,000
-7,653,000
1,377,000
1,609,000
1,117,774
1,534,116
1,387,009
1,228,102
1,095,742
4,642,194
704,696
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2020
Dec 2019
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Tangible Assets
21,186,000
24,196,000
23,854,000
23,297,000
16,526,000
9,366,826
7,487,689
6,514,749
6,438,650
6,465,528
5,979,268
5,686,740
Intangible Assets
362,995
408,370
453,745
478,953
504,161
Investments & Other
88,000
93,000
93,000
93,000
93,000
4,974
4,974
4,974
4,974
4,974
496,232
483,930
Debtors (Due After 1 year)
Total Fixed Assets
21,274,000
24,289,000
23,947,000
23,390,000
16,619,000
9,734,795
7,901,033
6,973,468
6,922,577
6,974,663
6,475,500
6,170,670
Stock & work in progress
2,683,000
5,014,000
3,391,000
6,523,000
6,558,000
5,397,404
5,838,635
5,449,149
4,702,505
5,040,735
3,929,533
3,632,034
Trade Debtors
439,000
2,278,000
2,746,000
3,681,000
3,757,000
3,212,157
3,664,828
3,461,315
2,576,237
3,402,287
3,137,151
3,368,579
Group Debtors
1,674,000
1,742,000
2,034,000
2,144,000
2,070,000
Misc Debtors
384,000
385,000
313,000
382,000
643,000
1,135,092
299,782
390,301
262,786
244,140
259,861
300,325
Cash
649,000
117,000
82,000
529,000
1,954,000
332,335
166,490
445,993
382,387
254,388
157,079
168,164
misc current assets
total current assets
5,829,000
9,536,000
8,566,000
13,259,000
14,982,000
10,076,988
9,969,735
9,746,758
7,923,915
8,941,550
7,483,624
7,469,102
total assets
27,103,000
33,825,000
32,513,000
36,649,000
31,601,000
19,811,783
17,870,768
16,720,226
14,846,492
15,916,213
13,959,124
13,639,772
Bank overdraft
244,636
417,859
1,414,493
659,986
372,876
153,638
112,044
Bank loan
1,831,000
3,043,000
770,000
4,842,000
4,727,000
1,769,994
429,031
251
242,247
Trade Creditors
1,794,000
1,874,000
3,171,000
1,988,000
3,047,000
1,307,334
1,603,447
1,355,126
1,497,581
2,125,013
2,081,551
1,891,149
Group/Directors Accounts
215,000
175,000
236,000
90,000
2,908,000
other short term finances
503,000
1,600,000
3,597,000
4,409,000
2,343,000
1,094,393
1,919,603
1,231,979
hp & lease commitments
331,000
405,000
309,000
767,000
668,000
414,459
393,111
313,162
313,570
252,739
152,550
98,276
other current liabilities
4,561,000
3,478,000
2,092,000
1,427,000
846,000
1,085,826
1,805,472
3,178,338
2,298,914
3,182,379
2,020,488
939,258
total current liabilities
9,235,000
10,575,000
10,175,000
13,523,000
14,539,000
5,916,642
6,568,523
6,261,119
4,770,051
5,933,007
4,408,478
4,514,953
loans
13,625,000
13,896,000
10,742,000
1,737,000
1,637,000
1,807,591
2,052,641
2,092,641
2,132,641
2,321,306
2,464,881
2,500,000
hp & lease commitments
1,392,000
613,000
259,000
1,306,000
1,349,000
577,761
608,062
530,886
514,815
471,347
327,641
170,733
Accruals and Deferred Income
other liabilities
2,839,000
30,000
189,000
561,596
223,133
provisions
3,139,000
3,016,000
1,901,000
1,400,000
881,000
572,588
519,831
189,679
189,679
255,176
272,867
285,996
total long term liabilities
20,995,000
17,525,000
12,902,000
4,473,000
4,056,000
3,519,536
3,403,667
2,813,206
2,837,135
3,047,829
3,065,389
2,956,729
total liabilities
30,230,000
28,100,000
23,077,000
17,996,000
18,595,000
9,436,178
9,972,190
9,074,325
7,607,186
8,980,836
7,473,867
7,471,682
net assets
-3,127,000
5,725,000
9,436,000
18,653,000
13,006,000
10,375,605
7,898,578
7,645,901
7,239,306
6,935,377
6,485,257
6,168,090
total shareholders funds
-3,127,000
5,725,000
9,436,000
18,653,000
13,006,000
10,375,605
7,898,578
7,645,901
7,239,306
6,935,377
6,485,257
6,168,090
Dec 2020
Dec 2019
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Operating Activities
Operating Profit
-8,448,000
-6,200,000
-8,908,000
353,000
778,000
254,589
683,519
566,152
447,804
429,483
4,050,831
135,028
Depreciation
1,337,000
1,347,000
1,255,000
910,000
795,000
817,810
805,222
795,649
755,090
666,259
591,363
569,668
Amortisation
114,000
36,000
45,375
45,375
25,208
25,208
Tax
809,000
-379,000
-331,000
2,000
-109,000
78,806
-113,274
100,128
41,185
-66,284
58,110
Stock
-2,331,000
-1,509,000
-3,132,000
-35,000
1,160,596
-441,231
389,486
746,644
-338,230
1,111,202
297,499
3,632,034
Debtors
-1,908,000
-1,802,000
-1,114,000
-263,000
2,122,751
382,639
112,994
1,012,593
-807,404
249,415
-271,892
3,668,904
Creditors
-80,000
-114,000
1,183,000
-1,059,000
1,739,666
-296,113
248,321
-142,455
-627,432
43,462
190,402
1,891,149
Accruals and Deferred Income
1,083,000
2,051,000
665,000
581,000
-239,826
-719,646
-1,372,866
879,424
-883,465
1,161,891
1,081,230
939,258
Deferred Taxes & Provisions
123,000
1,616,000
501,000
519,000
308,412
52,757
330,152
-65,497
-17,691
-13,129
285,996
Cash flow from operations
-937,000
1,632,000
-1,389,000
1,718,000
24,905
292,170
123,969
364,741
897,470
963,972
5,808,806
-3,421,729
Investing Activities
capital expenditure
1,673,000
-2,246,000
-1,812,000
-7,795,000
-7,627,179
111,717
-682,557
-486,246
-284,888
-570,844
-462,042
-315,655
Change in Investments
-5,000
88,026
-491,258
12,302
483,930
cash flow from investments
1,678,000
-2,246,000
-1,812,000
-7,795,000
-7,715,205
111,717
-682,557
-486,246
-284,888
-79,586
-474,344
-799,585
Financing Activities
Bank loans
-1,212,000
-1,799,000
-4,072,000
115,000
2,957,006
1,340,963
429,031
-251
-241,996
242,247
Group/Directors Accounts
40,000
85,000
146,000
-2,818,000
2,908,000
Other Short Term Loans
-1,097,000
-2,809,000
-812,000
2,066,000
1,248,607
-825,210
1,919,603
-1,231,979
1,231,979
Long term loans
-271,000
12,159,000
9,005,000
100,000
-170,591
-245,050
-40,000
-40,000
-188,665
-143,575
-35,119
2,500,000
Hire Purchase and Lease Commitments
705,000
-1,055,000
-1,505,000
56,000
1,024,780
-8,953
157,125
15,663
104,299
243,895
211,182
269,009
other long term liabilities
2,839,000
-30,000
-30,000
-159,000
-372,596
338,463
223,133
share issue
-484,000
-5,911,000
397,000
5,627,000
2,199,395
2,337,690
-82,441
33,480
-60,357
148,815
-65,926
6,110,576
interest
-729,000
-438,000
-375,000
-335,000
-238,000
-194,058
-186,370
-156,245
-159,906
-141,363
-131,234
-156,537
cash flow from financing
-209,000
202,000
2,754,000
4,652,000
9,556,601
2,743,845
2,420,081
-147,102
-304,629
107,521
-1,495,072
10,197,274
cash and cash equivalents
cash
532,000
-412,000
-447,000
-1,425,000
1,621,665
165,845
-279,503
63,606
127,999
97,309
-11,085
168,164
overdraft
-244,636
-173,223
-996,634
754,507
287,110
219,238
41,594
112,044
change in cash
532,000
-412,000
-447,000
-1,425,000
1,866,301
339,068
717,131
-690,901
-159,111
-121,929
-52,679
56,120
rimstock limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for rimstock limited. Get real-time insights into rimstock limited's credit score, group structure and payment trends.
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29320 - Manufacture of other parts and accessories for motor vehicles
incorporation date
January 1985
age
40
incorporated
UK
ultimate parent company
MIDLANDS HOLDCO LIMITED
accounts
Full Accounts
last accounts submitted
December 2020
previous names
rimstock plc (January 2017)
accountant
-
auditor
MHA MACINTYRE HUDSON
address
c/o interpath advisory 45, church street, birmingham, B3 2RT
Bank
YORKSHIRE BANK PLC
Legal Advisor
-
rimstock 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 34 charges/mortgages relating to rimstock limited. Currently there are 5 open charges and 29 have been satisfied in the past.
rimstock 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 RIMSTOCK LIMITED. This can take several minutes, an email will notify you when this has completed.
rimstock limitedCompanies House Filings - See Documents
