rust resources limited
rust resources limited Company Information
Company Number
02704357
Website
www.rustresources.comRegistered Address
egerton house 68 baker street, weybridge, KT13 8AL
Industry
Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.
Telephone
01932878500
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
rust resources holdco ltd 100%
rust resources limited Estimated Valuation
Pomanda estimates the enterprise value of RUST RESOURCES LIMITED at £214.2k based on a Turnover of £1.3m and 0.17x industry multiple (adjusted for size and gross margin).
rust resources limited Estimated Valuation
Pomanda estimates the enterprise value of RUST RESOURCES LIMITED at £0 based on an EBITDA of £-34.7k and a 3.26x industry multiple (adjusted for size and gross margin).
rust resources limited Estimated Valuation
Pomanda estimates the enterprise value of RUST RESOURCES LIMITED at £1.1m based on Net Assets of £689.2k and 1.58x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Rust Resources Limited Overview
Rust Resources Limited is a live company located in weybridge, KT13 8AL with a Companies House number of 02704357. It operates in the other activities of employment placement agencies sector, SIC Code 78109. Founded in April 1992, it's largest shareholder is rust resources holdco ltd with a 100% stake. Rust Resources Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.3m with unknown growth in recent years.
Upgrade for unlimited company reports & a free credit check
Rust Resources Limited Health Check
Pomanda's financial health check has awarded Rust Resources Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
4 Weak
Size
annual sales of £1.3m, make it smaller than the average company (£7.5m)
- Rust Resources Limited
£7.5m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Rust Resources Limited
- - Industry AVG
Production
with a gross margin of 26.9%, this company has a comparable cost of product (26.9%)
- Rust Resources Limited
26.9% - Industry AVG
Profitability
an operating margin of -2.7% make it less profitable than the average company (4.9%)
- Rust Resources Limited
4.9% - Industry AVG
Employees
with 2 employees, this is below the industry average (35)
2 - Rust Resources Limited
35 - Industry AVG
Pay Structure
on an average salary of £52.8k, the company has an equivalent pay structure (£52.8k)
- Rust Resources Limited
£52.8k - Industry AVG
Efficiency
resulting in sales per employee of £642.2k, this is more efficient (£202.7k)
- Rust Resources Limited
£202.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Rust Resources Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 32 days, this is slower than average (10 days)
- Rust Resources Limited
10 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Rust Resources Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (12 weeks)
4 weeks - Rust Resources Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 21.7%, this is a lower level of debt than the average (68.7%)
21.7% - Rust Resources Limited
68.7% - Industry AVG
RUST RESOURCES LIMITED financials
Rust Resources Limited's latest turnover from December 2022 is estimated at £1.3 million and the company has net assets of £689.2 thousand. According to their latest financial statements, Rust Resources Limited has 2 employees and maintains cash reserves of £17.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 0 | 0 | 0 | 193,069 | 256,381 | 1,089,593 | 2,974,605 | 2,327,237 | 2,234,939 | 2,006,987 | 1,357,659 | 1,822,533 | ||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Cost Of Sales | 0 | 177,351 | 235,788 | 1,073,702 | 2,821,652 | 2,201,722 | 2,118,330 | 1,894,382 | 1,270,713 | 1,670,482 | ||||
| Gross Profit | 0 | 15,718 | 20,593 | 15,891 | 152,953 | 125,515 | 116,609 | 112,605 | 86,946 | 152,051 | ||||
| Admin Expenses | 87,260 | 147,247 | 246,928 | 784,601 | 208,004 | 402,711 | -1,316,973 | |||||||
| Operating Profit | -71,369 | 5,706 | -121,413 | -667,992 | -95,399 | -315,765 | 1,469,024 | |||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,180 | 4,104 | 11,757 | 10,057 | 11,799 | ||
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 195 | 312 | 9 | 8 | 26 | 78 | 375 | ||
| Pre-Tax Profit | 26,387 | -11,461 | 29,836 | -11,806 | 178,917 | -71,174 | 6,018 | -127,584 | -672,088 | -107,130 | -325,744 | 1,457,600 | ||
| Tax | 0 | 0 | 0 | -43,004 | 44,481 | 0 | 0 | 0 | 0 | 0 | 53,512 | -417,921 | ||
| Profit After Tax | 26,387 | -11,461 | 29,836 | -54,810 | 223,398 | -71,174 | 6,018 | -127,584 | -672,088 | -107,130 | -272,232 | 1,039,679 | ||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Retained Profit | 26,387 | -11,461 | 29,836 | -54,810 | 223,398 | -71,174 | 6,018 | -127,584 | -672,088 | -107,130 | -272,232 | 1,039,679 | ||
| Employee Costs | 598,053 | 533,208 | 698,546 | 1,122,755 | 1,347,715 | |||||||||
| Number Of Employees | 2 | 1 | 1 | 1 | 1 | 2 | 7 | 5 | 11 | 11 | 11 | 14 | 17 | |
| EBITDA* | -68,722 | 9,331 | -117,629 | -661,918 | -88,781 | -306,953 | 1,479,366 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 523 | 2,749 | 7,642 | 7,851 | 2,888 | 8,815 | 14,131 | 16,919 |
| Intangible Assets | 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 |
| Debtors (Due After 1 year) | 0 | 0 | 1,477 | 1,477 | 1,477 | 1,477 | 3,399 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 1,477 | 1,477 | 1,477 | 1,477 | 3,922 | 2,749 | 7,642 | 7,851 | 2,888 | 8,815 | 14,131 | 16,919 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 28,535 | 36,465 | 113,094 | 247,676 | 235,795 | 362,654 | 182,846 | 172,436 | 290,507 |
| Group Debtors | 836,603 | 835,652 | 796,904 | 937,167 | 1,209,800 | 1,148,096 | 985,275 | 929,837 | 1,153,403 | 957,927 | 355,270 | 1,168,574 | 2,465,377 | 3,178,745 |
| Misc Debtors | 26,134 | 25,486 | 27,796 | 27,231 | 12,470 | 15,801 | 67,761 | 31,334 | 245,958 | 321,562 | 209,453 | 181,099 | 210,769 | 246,051 |
| Cash | 17,729 | 10,361 | 13,175 | 4,475 | 6,665 | 12,388 | 147,023 | 122,047 | 226,594 | 406,551 | 69,545 | 232,681 | 274,540 | 101,333 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 880,466 | 871,499 | 837,875 | 968,873 | 1,228,935 | 1,204,820 | 1,236,524 | 1,196,312 | 1,873,631 | 1,921,835 | 996,922 | 1,765,200 | 3,123,122 | 3,816,636 |
| total assets | 880,466 | 871,499 | 839,352 | 970,350 | 1,230,412 | 1,206,297 | 1,240,446 | 1,199,061 | 1,881,273 | 1,929,686 | 999,810 | 1,774,015 | 3,137,253 | 3,833,555 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 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 | 82,651 | 41,620 | 2,183 | 50,336 | 4,441 | 20,289 | 14,798 | 61,715 | 185,799 | 238,343 | 165,756 | 142,411 | 91,190 | 128,805 |
| Group/Directors Accounts | 0 | 0 | 0 | 114,706 | 394,699 | 394,699 | 468,810 | 644,699 | 1,105,083 | 1,084,838 | 86,519 | 37,679 | 1,389,526 | 1,348,973 |
| 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 | 108,622 | 106,436 | 146,814 | 141,340 | 155,843 | 145,716 | 56,435 | 15,642 | 42,212 | 64,344 | 77,790 | 252,092 | 207,574 | 634,582 |
| total current liabilities | 191,273 | 148,056 | 148,997 | 306,382 | 554,983 | 560,704 | 540,043 | 722,056 | 1,333,094 | 1,387,525 | 330,065 | 432,182 | 1,688,290 | 2,112,360 |
| 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 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 191,273 | 148,056 | 148,997 | 306,382 | 554,983 | 560,704 | 540,043 | 722,056 | 1,333,094 | 1,387,525 | 330,065 | 432,182 | 1,688,290 | 2,112,360 |
| net assets | 689,193 | 723,443 | 690,355 | 663,968 | 675,429 | 645,593 | 700,403 | 477,005 | 548,179 | 542,161 | 669,745 | 1,341,833 | 1,448,963 | 1,721,195 |
| total shareholders funds | 689,193 | 723,443 | 690,355 | 663,968 | 675,429 | 645,593 | 700,403 | 477,005 | 548,179 | 542,161 | 669,745 | 1,341,833 | 1,448,963 | 1,721,195 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -71,369 | 5,706 | -121,413 | -667,992 | -95,399 | -315,765 | 1,469,024 | |||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 523 | 2,226 | 2,647 | 3,625 | 3,784 | 6,074 | 6,618 | 8,812 | 10,342 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | -43,004 | 44,481 | 0 | 0 | 0 | 0 | 0 | 53,512 | -417,921 | ||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 1,599 | 34,961 | -139,698 | -257,872 | 29,838 | 101,009 | 18,635 | -572,772 | 131,753 | 587,907 | -605,142 | -1,316,063 | -866,721 | 3,715,303 |
| Creditors | 41,031 | 39,437 | -48,153 | 45,895 | -15,848 | 5,491 | -46,917 | -124,084 | -52,544 | 72,587 | 23,345 | 51,221 | -37,615 | 128,805 |
| Accruals and Deferred Income | 2,186 | -40,378 | 5,474 | -14,503 | 10,127 | 89,281 | 40,793 | -26,570 | -22,132 | -13,446 | -174,302 | 44,518 | -427,008 | 634,582 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 353,396 | -197,098 | -646,395 | -207,733 | 1,323,021 | 148,657 | -1,890,471 | |||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | -114,706 | -279,993 | 0 | -74,111 | -175,889 | -460,384 | 20,245 | 998,319 | 48,840 | -1,351,847 | 40,553 | 1,348,973 |
| 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 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 195 | 312 | -6,171 | -4,096 | -11,731 | -9,979 | -11,424 | ||
| cash flow from financing | -114,706 | -279,993 | 0 | -74,111 | -175,889 | -460,189 | 20,557 | 992,148 | 44,744 | -1,363,578 | 30,574 | 2,019,065 | ||
| cash and cash equivalents | ||||||||||||||
| cash | 7,368 | -2,814 | 8,700 | -2,190 | -5,723 | -134,635 | 24,976 | -104,547 | -179,957 | 337,006 | -163,136 | -41,859 | 173,207 | 101,333 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 7,368 | -2,814 | 8,700 | -2,190 | -5,723 | -134,635 | 24,976 | -104,547 | -179,957 | 337,006 | -163,136 | -41,859 | 173,207 | 101,333 |
rust resources limited Credit Report and Business Information
Rust Resources Limited Competitor Analysis
Perform a competitor analysis for rust resources limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
rust resources limited Ownership
RUST RESOURCES LIMITED group structure
Rust Resources Limited has no subsidiary companies.
rust resources limited directors
Rust Resources Limited currently has 5 directors. The longest serving directors include Mr David Spencer (Apr 2012) and Mr Richard Fielding (Apr 2012).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Spencer | 61 years | Apr 2012 | - | Director | |
| Mr Richard Fielding | England | 56 years | Apr 2012 | - | Director |
| Mr Geoffrey Lennox | England | 67 years | Apr 2012 | - | Director |
| Mrs Louise Guiliano | 43 years | Mar 2014 | - | Director | |
| Mrs Helen Smith | England | 62 years | Mar 2016 | - | Director |
P&L
December 2022turnover
1.3m
+103%
operating profit
-34.7k
0%
gross margin
26.9%
+3.98%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
689.2k
-0.05%
total assets
880.5k
+0.01%
cash
17.7k
+0.71%
net assets
Total assets minus all liabilities
Similar Companies
rust resources limited company details
company number
02704357
Type
Private limited with Share Capital
industry
78109 - Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.
incorporation date
April 1992
age
32
accounts
Small Company
ultimate parent company
previous names
tickview limited (July 1992)
incorporated
UK
address
egerton house 68 baker street, weybridge, KT13 8AL
last accounts submitted
December 2022
rust resources 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 1 charges/mortgages relating to rust resources limited. Currently there are 0 open charges and 1 have been satisfied in the past.
rust resources limited Companies House Filings - See Documents
| date | description | view/download |
|---|
