railpen limited

railpen limited Company Information

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Company Number

02315380

Industry

Pension funding

 

Directors

Alison Burns

Gary Towse

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Shareholders

railways pension trustee company ltd

Group Structure

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Contact

Registered Address

100 liverpool street, london, EC2M 2AT

railpen limited Estimated Valuation

£173m

Pomanda estimates the enterprise value of RAILPEN LIMITED at £173m based on a Turnover of £133.5m and 1.3x industry multiple (adjusted for size and gross margin).

railpen limited Estimated Valuation

£218.6m

Pomanda estimates the enterprise value of RAILPEN LIMITED at £218.6m based on an EBITDA of £15.3m and a 14.31x industry multiple (adjusted for size and gross margin).

railpen limited Estimated Valuation

£34.9m

Pomanda estimates the enterprise value of RAILPEN LIMITED at £34.9m based on Net Assets of £20.1m and 1.74x industry multiple (adjusted for liquidity).

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Railpen Limited Overview

Railpen Limited is a live company located in london, EC2M 2AT with a Companies House number of 02315380. It operates in the pension funding sector, SIC Code 65300. Founded in November 1988, it's largest shareholder is railways pension trustee company ltd with a 100% stake. Railpen Limited is a mature, mega sized company, Pomanda has estimated its turnover at £133.5m with healthy growth in recent years.

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Railpen Limited Health Check

Pomanda's financial health check has awarded Railpen Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

5 Strong

positive_score

1 Regular

positive_score

4 Weak

size

Size

annual sales of £133.5m, make it larger than the average company (£2.4m)

£133.5m - Railpen Limited

£2.4m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (8%)

14% - Railpen Limited

8% - Industry AVG

production

Production

with a gross margin of 100%, this company has a comparable cost of product (100%)

100% - Railpen Limited

100% - Industry AVG

profitability

Profitability

an operating margin of 7.4% make it less profitable than the average company (11.4%)

7.4% - Railpen Limited

11.4% - Industry AVG

employees

Employees

with 699 employees, this is above the industry average (14)

699 - Railpen Limited

14 - Industry AVG

paystructure

Pay Structure

on an average salary of £94.4k, the company has a higher pay structure (£57k)

£94.4k - Railpen Limited

£57k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £191k, this is more efficient (£110.8k)

£191k - Railpen Limited

£110.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 19 days, this is earlier than average (33 days)

19 days - Railpen Limited

33 days - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Railpen Limited

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Railpen Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 21 weeks, this is less cash available to meet short term requirements (52 weeks)

21 weeks - Railpen Limited

52 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 77.6%, this is a higher level of debt than the average (35.9%)

77.6% - Railpen Limited

35.9% - Industry AVG

RAILPEN LIMITED financials

EXPORTms excel logo

Railpen Limited's latest turnover from December 2023 is £133.5 million and the company has net assets of £20.1 million. According to their latest financial statements, Railpen Limited has 699 employees and maintains cash reserves of £16.7 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover133,478,000114,869,000100,753,00090,426,00077,861,00071,646,00080,693,00088,243,00085,329,00047,053,00047,397,00042,406,00045,055,00040,782,00031,222,000
Other Income Or Grants000000000000000
Cost Of Sales00000001,808,2724,861,8915,693,832917,796444,696918,1113,550,6530
Gross Profit133,478,000114,869,000100,753,00090,426,00077,861,00071,646,00080,693,00086,434,72880,467,10941,359,16846,479,20441,961,30444,136,88937,231,3470
Admin Expenses123,668,000115,283,00099,508,00098,922,00085,870,00065,303,00077,532,00082,341,72880,918,10942,783,16847,123,20437,895,30440,745,88934,588,347-3,927,000
Operating Profit9,810,000-414,0001,245,000-8,496,000-8,009,0006,343,0003,161,0004,093,000-451,000-1,424,000-644,0004,066,0003,391,0002,643,0003,927,000
Interest Payable0705,000633,000618,000958,000832,000916,000631,000633,000120,000131,00000268,000191,000
Interest Receivable1,049,00032,0000000000190,000258,00042,000128,00015,00026,000
Pre-Tax Profit-1,505,000-1,332,000-779,000-364,000330,0001,346,000617,000823,000667,000872,000263,000-1,188,0003,519,0002,390,0003,762,000
Tax-116,000184,000226,00079,000-144,000-320,000-169,000-233,000-172,000-120,000-62,000244,000-825,000-867,000-1,094,000
Profit After Tax-1,621,000-1,148,000-553,000-285,000186,0001,026,000448,000590,000495,000752,000201,000-944,0002,694,0001,523,0002,668,000
Dividends Paid000000000000000
Retained Profit-1,621,000-1,148,000-553,000-285,000186,0001,026,000448,000590,000495,000752,000201,000-944,0002,694,0001,523,0002,668,000
Employee Costs65,966,00060,032,00048,816,00040,459,00032,511,00024,729,00031,074,00027,715,00023,969,00020,256,00019,545,00018,924,00016,900,00014,873,00012,201,000
Number Of Employees699615554472438375367352331335337337302270264
EBITDA*15,278,0005,176,0006,462,000-7,798,000-7,263,0007,307,0004,277,0005,352,000849,000-133,000578,0005,081,0004,781,0003,863,0005,057,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets2,350,0003,025,0003,683,0003,936,0003,626,0004,175,0004,346,0005,102,0005,182,0005,538,0005,112,0003,908,0004,292,0004,493,0004,421,000
Intangible Assets30,831,00033,464,00036,866,00037,269,00036,195,00035,609,00028,735,00019,577,0008,967,000554,000692,0000000
Investments & Other5,121,000650,00036,365,00039,616,00031,069,00020,058,00026,130,00026,799,00016,319,00016,369,000341,0001,178,0001,648,000307,0000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets38,302,00037,139,00076,914,00080,821,00070,890,00059,842,00059,211,00051,478,00030,468,00022,461,0006,145,0005,086,0005,940,0004,800,0004,421,000
Stock & work in progress000000000000000
Trade Debtors7,135,0005,856,0003,754,0005,151,0005,889,0003,770,0004,487,0003,570,0006,008,0005,081,0006,182,0004,626,0004,601,0003,940,0003,155,000
Group Debtors00000000000525,000000
Misc Debtors27,558,00023,611,00020,348,00022,283,00015,305,00015,212,00014,916,00013,160,0009,975,0003,978,0003,624,0002,400,0004,665,0002,484,0001,401,000
Cash16,726,00012,159,0007,241,0001,392,000542,0001,041,0001,686,0002,567,0002,509,0004,727,0008,086,0006,828,0004,188,0003,957,0001,760,000
misc current assets06,589,0006,834,0008,225,00000000000000
total current assets51,419,00048,215,00038,177,00037,051,00021,736,00020,023,00021,089,00019,297,00018,492,00013,786,00017,892,00014,379,00013,454,00010,381,0006,316,000
total assets89,721,00085,354,000115,091,000117,872,00092,626,00079,865,00080,300,00070,775,00048,960,00036,247,00024,037,00019,465,00019,394,00015,181,00010,737,000
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 1,159,0001,454,000866,0001,770,00017,701,0002,062,0001,952,0001,235,000123,0002,233,0001,412,000852,0002,485,0002,348,0001,897,000
Group/Directors Accounts217,000386,00000000341,000341,000341,000801,000460,000460,000460,000484,000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities39,761,00033,195,00027,479,00025,206,000015,544,00014,626,00012,816,00010,120,0007,405,00010,166,0006,622,00010,086,0006,772,0004,042,000
total current liabilities41,137,00035,035,00028,345,00026,976,00017,701,00017,606,00016,578,00014,392,00010,584,0009,979,00012,379,0007,934,00013,031,0009,580,0006,423,000
loans0000341,000341,000341,00000000000
hp & lease commitments000000000000000
Accruals and Deferred Income21,784,00025,673,00029,561,00034,749,00029,577,00020,079,00017,083,00013,721,00010,393,0000000459,0001,007,000
other liabilities848,000997,0001,148,0000513,0009,524,0005,226,0003,515,000855,0002,541,0004,647,0005,296,000000
provisions321,0000000415,000947,0001,269,0001,801,000000000
total long term liabilities28,519,00027,376,00071,165,00078,881,00064,883,00052,838,00052,732,00048,378,00031,129,00020,660,0006,327,00016,771,00010,855,0006,799,0009,145,000
total liabilities69,656,00062,411,00099,510,000105,857,00082,584,00070,444,00069,310,00062,770,00041,713,00030,639,00018,706,00024,705,00023,886,00016,379,00015,568,000
net assets20,065,00022,943,00015,581,00012,015,00010,042,0009,421,00010,990,0008,005,0007,247,0005,608,0005,331,000-5,240,000-4,492,000-1,198,000-4,831,000
total shareholders funds20,065,00022,943,00015,581,00012,015,00010,042,0009,421,00010,990,0008,005,0007,247,0005,608,0005,331,000-5,240,000-4,492,000-1,198,000-4,831,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit9,810,000-414,0001,245,000-8,496,000-8,009,0006,343,0003,161,0004,093,000-451,000-1,424,000-644,0004,066,0003,391,0002,643,0003,927,000
Depreciation764,000886,000798,000698,000746,000827,000977,0001,120,0001,161,0001,153,0001,222,0001,015,0001,390,0001,220,0001,130,000
Amortisation4,704,0004,704,0004,419,00000137,000139,000139,000139,000138,00000000
Tax-116,000184,000226,00079,000-144,000-320,000-169,000-233,000-172,000-120,000-62,000244,000-825,000-867,000-1,094,000
Stock000000000000000
Debtors5,226,0005,365,000-3,332,0006,240,0002,212,000-421,0002,673,000747,0006,924,000-747,0002,255,000-1,715,0002,842,0001,868,0004,556,000
Creditors-295,000588,000-904,000-15,931,00015,639,000110,000717,0001,112,000-2,110,000821,000560,000-1,633,000137,000451,0001,897,000
Accruals and Deferred Income2,677,0001,828,000-2,915,00030,378,000-6,046,0003,914,0005,172,0006,024,00013,108,000-2,761,0003,544,000-3,464,0002,855,0002,182,0005,049,000
Deferred Taxes & Provisions321,000000-415,000-532,000-322,000-532,0001,801,000000000
Cash flow from operations12,639,0002,411,0006,201,000488,000-441,00010,900,0007,002,00010,976,0006,552,000-1,446,0002,365,0001,943,0004,106,0003,761,0006,353,000
Investing Activities
capital expenditure-2,160,000-1,530,000-4,561,000-2,082,000-783,000-7,667,000-9,518,000-11,789,000-9,357,000-1,579,000-3,118,000-631,000-1,189,000-1,292,000-5,551,000
Change in Investments4,471,000-35,715,000-3,251,0008,547,00011,011,000-6,072,000-669,00010,480,000-50,00016,028,000-837,000-470,0001,341,000307,0000
cash flow from investments-6,631,00034,185,000-1,310,000-10,629,000-11,794,000-1,595,000-8,849,000-22,269,000-9,307,000-17,607,000-2,281,000-161,000-2,530,000-1,599,000-5,551,000
Financing Activities
Bank loans000000000000000
Group/Directors Accounts-169,000386,0000000-341,00000-460,000341,00000-24,000484,000
Other Short Term Loans 000000000000000
Long term loans000-341,00000341,00000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities-149,000-151,0001,148,000-513,000-9,011,0004,298,0001,711,0002,660,000-1,686,000-2,106,000-649,0005,296,000000
share issue-1,257,0008,510,0004,119,0002,258,000435,000-2,595,0002,537,000168,0001,144,000-475,00010,370,000196,000-5,988,0002,110,000-7,499,000
interest1,049,000-673,000-633,000-618,000-958,000-832,000-916,000-631,000-633,00070,000127,00042,000128,000-253,000-165,000
cash flow from financing-526,0008,072,0004,634,000786,000-9,534,000871,0003,332,0002,197,000-1,175,000-2,971,00010,189,0005,534,000-5,860,0001,833,000-7,180,000
cash and cash equivalents
cash4,567,0004,918,0005,849,000850,000-499,000-645,000-881,00058,000-2,218,000-3,359,0001,258,0002,640,000231,0002,197,0001,760,000
overdraft000000000000000
change in cash4,567,0004,918,0005,849,000850,000-499,000-645,000-881,00058,000-2,218,000-3,359,0001,258,0002,640,000231,0002,197,0001,760,000

railpen limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Railpen Limited Competitor Analysis

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Perform a competitor analysis for railpen limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in EC2M area or any other competitors across 12 key performance metrics.

railpen limited Ownership

RAILPEN LIMITED Shareholders

railways pension trustee company ltd 100%

railpen limited directors

Railpen Limited currently has 10 directors. The longest serving directors include Ms Alison Burns (Nov 2020) and Mr Gary Towse (Jul 2021).

officercountryagestartendrole
Ms Alison Burns61 years Nov 2020- Director
Mr Gary TowseUnited Kingdom72 years Jul 2021- Director
Mr Gary TowseUnited Kingdom72 years Jul 2021- Director
Mr Michael Craston66 years Jul 2021- Director
Mr Richard MurrayUnited Kingdom51 years Sep 2022- Director
Mr Michael CashUnited Kingdom64 years Sep 2023- Director
Mrs Fatima HassanUnited Kingdom39 years Jan 2024- Director
Mrs Susan Amies-KingUnited Kingdom61 years Jul 2024- Director
Mrs Olubusola SodeindeUnited Kingdom47 years Sep 2024- Director
Mr Andrew BordUnited Kingdom54 years Oct 2024- Director

P&L

December 2023

turnover

133.5m

+16%

operating profit

9.8m

-2470%

gross margin

100%

0%

turnover

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

Balance Sheet

December 2023

net assets

20.1m

-0.13%

total assets

89.7m

+0.05%

cash

16.7m

+0.38%

net assets

Total assets minus all liabilities

railpen limited company details

company number

02315380

Type

Private limited with Share Capital

industry

65300 - Pension funding

incorporation date

November 1988

age

36

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

December 2023

previous names

rpmi limited (September 2021)

railway pensions management limited (August 2007)

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accountant

-

auditor

KPMG LLP

address

100 liverpool street, london, EC2M 2AT

Bank

-

Legal Advisor

-

railpen 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 did not find charges/mortgages relating to railpen limited.

railpen 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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railpen limited Companies House Filings - See Documents

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