Rb Medical Engineering Limited

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rb medical engineering limited Company Information

Live

MatureSmallHealthy

Company Number

02420424

Website

www.rbmedical.co.uk

Registered Address

unit 2 alton road industrial, estate, ross on wye, herefordshire, HR9 5NS

Industry

Manufacture of other fabricated metal products n.e.c.

Telephone

01989563958

Next Accounts Due

December 2024

Group Structure

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Directors

Chad Harris12 Years

Mark Bennett7 Years

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Shareholders

andrew industries limited 100%

rb medical engineering limited Estimated Valuation

£3.3m

Pomanda estimates the enterprise value of RB MEDICAL ENGINEERING LIMITED at £3.3m based on Net Assets of £1.7m and 1.98x industry multiple (adjusted for liquidity).

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Rb Medical Engineering Limited is a live company located in ross on wye, HR9 5NS with a Companies House number of 02420424. It operates in the manufacture of other fabricated metal products n.e.c. sector, SIC Code 25990. Founded in September 1989, it's largest shareholder is andrew industries limited with a 100% stake. Rb Medical Engineering Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.7m with healthy growth in recent years.

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Pomanda's financial health check has awarded Rb Medical Engineering Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

4 Regular

6 Weak

Size

annual sales of £3.7m, make it smaller than the average company (£12.3m)

Growth

3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (4.1%)

EXPORT

Rb Medical Engineering Limited's latest turnover from March 2023 is estimated at £3.7 million and the company has net assets of £1.7 million. According to their latest financial statements, Rb Medical Engineering Limited has 31 employees and maintains cash reserves of £18.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	3,705,354	2,508,349	2,340,653	2,473,653	2,334,835	2,138,335	2,133,309	1,768,211	1,683,039	2,140,241	1,816,032	1,617,311	1,614,424	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,632,835	1,777,020	1,664,594	1,744,164	1,644,623	1,480,828	1,477,469	1,227,210	1,174,871	1,504,403	1,281,760	1,137,762	1,124,265	0
Gross Profit	1,072,518	731,328	676,058	729,489	690,212	657,507	655,841	541,001	508,168	635,838	534,272	479,549	490,159	0
Admin Expenses	872,425	551,376	794,622	665,781	675,220	-1,063,352	578,413	286,807	367,704	468,610	391,149	243,203	405,945	-785,929
Operating Profit	200,093	179,952	-118,564	63,708	14,992	1,720,859	77,428	254,194	140,464	167,228	143,123	236,346	84,214	785,929
Interest Payable	0	0	0	847	937	0	0	0	0	0	0	0	0	0
Interest Receivable	707	158	19	6	508	338	1,005	2,006	1,570	1,230	914	427	85	7
Pre-Tax Profit	200,800	180,110	-118,545	62,867	14,563	1,721,198	78,433	256,200	142,034	168,458	144,037	236,773	84,299	785,936
Tax	-38,152	-34,221	0	-11,945	-2,767	-327,028	-15,686	-51,240	-29,827	-38,745	-34,569	-61,561	-23,604	-220,062
Profit After Tax	162,648	145,889	-118,545	50,922	11,796	1,394,170	62,746	204,960	112,207	129,713	109,468	175,212	60,695	565,874
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	162,648	145,889	-118,545	50,922	11,796	1,394,170	62,746	204,960	112,207	129,713	109,468	175,212	60,695	565,874
Employee Costs	1,175,254	1,046,921	1,055,096	1,066,231	1,161,164	1,101,446	996,472	458,201	449,249	572,278	466,610	424,266	443,500	0
Number Of Employees	31	29	30	30	34	33	30	14	14	18	15	14	15	0
EBITDA*	234,961	212,970	-85,499	101,634	42,333	1,755,169	118,814	281,276	172,132	192,100	163,780	261,063	115,020	812,816

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	198,671	224,344	234,713	244,757	205,564	209,602	387,598	297,056	311,489	204,461	127,166	126,235	483,168	505,069
Intangible Assets	68,695	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	267,366	224,344	234,713	244,757	205,564	209,602	387,598	297,056	311,489	204,461	127,166	126,235	483,168	505,069
Stock & work in progress	1,047,072	905,440	846,383	925,164	683,657	612,190	746,777	739,995	574,621	546,372	562,126	555,971	465,881	484,959
Trade Debtors	740,176	414,796	303,230	340,108	305,056	295,518	210,907	228,645	222,469	380,715	281,455	238,746	237,955	180,329
Group Debtors	255,592	400,959	259,096	234,820	566,783	400,000	0	0	0	0	0	0	0	0
Misc Debtors	44,781	43,039	69,563	52,496	39,131	34,854	56,297	57,937	10,000	0	0	0	0	0
Cash	18,236	15,024	27,166	11,145	206	135,221	363,384	440,396	362,106	265,788	226,273	139,433	31,186	2,828
misc current assets	0	0	0	0	0	5	0	0	0	0	0	0	0	0
total current assets	2,105,857	1,779,258	1,505,438	1,563,733	1,594,833	1,477,788	1,377,365	1,466,973	1,169,196	1,192,875	1,069,854	934,150	735,022	668,116
total assets	2,373,223	2,003,602	1,740,151	1,808,490	1,800,397	1,687,390	1,764,963	1,764,029	1,480,685	1,397,336	1,197,020	1,060,385	1,218,190	1,173,185
Bank overdraft	0	0	0	0	27,763	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	319,525	188,275	194,666	151,913	160,562	92,005	161,456	155,000	244,739	287,438	226,203	201,022	266,641	266,767
Group/Directors Accounts	7,800	7,480	5,442	13,624	16,703	0	0	163	0	0	0	0	0	0
other short term finances	0	0	0	0	0	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	318,109	235,503	124,959	107,907	136,424	128,383	86,943	173,957	0	0	0	0	0	0
total current liabilities	645,434	431,258	325,067	273,444	341,452	220,388	248,399	329,120	244,739	287,438	226,203	201,022	266,641	266,767
loans	0	0	0	0	0	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
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	0	0	0	0	262,973	277,209
provisions	40,909	48,112	36,741	38,158	12,979	32,832	55,689	36,780	42,777	28,936	19,568	17,582	22,007	23,335
total long term liabilities	40,909	48,112	36,741	38,158	12,979	32,832	55,689	36,780	42,777	28,936	19,568	17,582	284,980	300,544
total liabilities	686,343	479,370	361,808	311,602	354,431	253,220	304,088	365,900	287,516	316,374	245,771	218,604	551,621	567,311
net assets	1,686,880	1,524,232	1,378,343	1,496,888	1,445,966	1,434,170	1,460,875	1,398,129	1,193,169	1,080,962	951,249	841,781	666,569	605,874
total shareholders funds	1,686,880	1,524,232	1,378,343	1,496,888	1,445,966	1,434,170	1,460,875	1,398,129	1,193,169	1,080,962	951,249	841,781	666,569	605,874

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	200,093	179,952	-118,564	63,708	14,992	1,720,859	77,428	254,194	140,464	167,228	143,123	236,346	84,214	785,929
Depreciation	34,868	33,018	33,065	37,926	27,341	34,310	2,331	27,082	31,668	24,872	20,657	24,717	30,806	26,887
Amortisation	0	0	0	0	0	0	39,055	0	0	0	0	0	0	0
Tax	-38,152	-34,221	0	-11,945	-2,767	-327,028	-15,686	-51,240	-29,827	-38,745	-34,569	-61,561	-23,604	-220,062
Stock	141,632	59,057	-78,781	241,507	71,467	612,190	6,782	165,374	28,249	-15,754	6,155	90,090	-19,078	484,959
Debtors	181,755	226,905	4,465	-283,546	180,598	730,372	-19,378	54,113	-148,246	99,260	42,709	791	57,626	180,329
Creditors	131,250	-6,391	42,753	-8,649	68,557	92,005	6,456	-89,739	-42,699	61,235	25,181	-65,619	-126	266,767
Accruals and Deferred Income	82,606	110,544	17,052	-28,517	8,041	128,383	-87,014	173,957	0	0	0	0	0	0
Deferred Taxes & Provisions	-7,203	11,371	-1,417	25,179	-19,853	32,832	18,909	-5,997	13,841	9,368	1,986	-4,425	-1,328	23,335
Cash flow from operations	80,075	8,311	47,205	119,741	-155,754	338,799	54,075	88,770	233,444	140,452	107,514	38,577	51,414	217,568
Investing Activities
capital expenditure	-77,890	-22,649	-23,021	-77,119	-23,303	-243,912	-131,928	-12,649	-138,696	-102,167	-21,588	332,216	-8,905	-531,956
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-77,890	-22,649	-23,021	-77,119	-23,303	-243,912	-131,928	-12,649	-138,696	-102,167	-21,588	332,216	-8,905	-531,956
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	320	2,038	-8,182	-3,079	16,703	0	-163	163	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	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	0	0	0	0	-262,973	-14,236	277,209
share issue	0	0	0	0	0	40,000	0	0	0	0	0	0	0	40,000
interest	707	158	19	-841	-429	338	1,005	2,006	1,570	1,230	914	427	85	7
cash flow from financing	1,027	2,196	-8,163	-3,920	16,274	40,338	842	2,169	1,570	1,230	914	-262,546	-14,151	317,216
cash and cash equivalents
cash	3,212	-12,142	16,021	10,939	-135,015	135,221	-77,012	78,290	96,318	39,515	86,840	108,247	28,358	2,828
overdraft	0	0	0	-27,763	27,763	0	0	0	0	0	0	0	0	0
change in cash	3,212	-12,142	16,021	38,702	-162,778	135,221	-77,012	78,290	96,318	39,515	86,840	108,247	28,358	2,828

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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RB MEDICAL ENGINEERING LIMITED group structure

Rb Medical Engineering Limited has no subsidiary companies.

Ultimate parent company

ANDREW INDUSTRIES LIMITED

00188896

BMP EUROPE LIMITED

01845855

2 parents

RB MEDICAL ENGINEERING LIMITED

02420424

RB MEDICAL ENGINEERING LIMITED Shareholders

andrew industries limited

100%

Rb Medical Engineering Limited currently has 4 directors. The longest serving directors include Mr Chad Harris (Nov 2011) and Mr Mark Bennett (Jul 2017).

officer	country	age	start	end	role
Mr Chad Harris		62 years	Nov 2011	-	Director
Mr Mark Bennett	England	60 years	Jul 2017	-	Director
Mr Andrew Worthington		55 years	Jul 2017	-	Director
Mr Lee Blunstone		47 years	Apr 2019	-	Director

P&L

March 2023

turnover

3.7m

+48%

operating profit

200.1k

gross margin

29%

-0.72%

turnover

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

Balance Sheet

March 2023

net assets

1.7m

+0.11%

total assets

2.4m

+0.18%

cash

18.2k

+0.21%

net assets

Total assets minus all liabilities

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company number

02420424

Type

Private limited with Share Capital

industry

25990 - Manufacture of other fabricated metal products n.e.c.

incorporation date

September 1989

ultimate parent company

ANDREW INDUSTRIES LIMITED

previous names

dateswitch limited (January 2001)

address

unit 2 alton road industrial, estate, ross on wye, herefordshire, HR9 5NS

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 3 charges/mortgages relating to rb medical engineering limited. Currently there are 1 open charges and 2 have been satisfied in the past.

rb medical engineering limited Company Information

rb medical engineering limited Estimated Valuation

rb medical engineering limited Estimated Valuation

rb medical engineering limited Estimated Valuation

Rb Medical Engineering Limited Overview

Rb Medical Engineering Limited Health Check

RB MEDICAL ENGINEERING LIMITED financials

rb medical engineering limited Credit Report and Business Information

Rb Medical Engineering Limited Competitor Analysis

rb medical engineering limited Ownership

rb medical engineering limited directors

rb medical engineering limited company details

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rb medical engineering limited Companies House Filings - See Documents