Rican Securities Limited

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rican securities limited Company Information

Live

MatureMegaRapid

Company Number

02869247

Website

www.rican.co.uk

Registered Address

73 cornhill, london, EC3V 3QQ

Industry

Other personal service activities n.e.c.

Telephone

02037556000

Next Accounts Due

December 2024

Group Structure

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Directors

Howard Klein30 Years

Andrew Klein30 Years

Shareholders

andrew paul klein 88.6%

gayle klein 8.6%

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rican securities limited Estimated Valuation

£252.2m

Pomanda estimates the enterprise value of RICAN SECURITIES LIMITED at £252.2m based on a Turnover of £142.7m and 1.77x industry multiple (adjusted for size and gross margin).

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Rican Securities Limited is a live company located in london, EC3V 3QQ with a Companies House number of 02869247. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in November 1993, it's largest shareholder is andrew paul klein with a 88.6% stake. Rican Securities Limited is a mature, mega sized company, Pomanda has estimated its turnover at £142.7m with rapid growth in recent years.

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

Health Rating3.5out of 5

4 Strong

2 Regular

5 Weak

Size

annual sales of £142.7m, make it larger than the average company (£794.5k)

Growth

3 year (CAGR) sales growth of 589%, show it is growing at a faster rate (5.3%)

EXPORT

Rican Securities Limited's latest turnover from March 2023 is estimated at £142.7 million and the company has net assets of £15.2 million. According to their latest financial statements, Rican Securities Limited has 3 employees and maintains cash reserves of £2.7 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	142,742,893	111,959,452	118,105,621	436,420	576,265	619,255	955,212	338,032	28,799,603	13,953,852	2,988,470	2,849,411	2,687,312	12,793,570
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	84,863,092	67,090,163	72,257,145	261,685	344,834	375,089	562,970	196,698	17,045,806	8,274,345	1,704,851	1,640,379	1,484,019	7,179,546
Gross Profit	57,879,801	44,869,289	45,848,476	174,734	231,430	244,166	392,242	141,334	11,753,797	5,679,507	1,283,619	1,209,032	1,203,293	5,614,024
Admin Expenses	58,407,412	43,640,753	44,736,462	-1,134,319	-868,283	-806,431	-436,117	-1,092,372	14,044,537	5,648,595	1,420,637	1,397,896	1,511,339	-7,235,359
Operating Profit	-527,611	1,228,536	1,112,014	1,309,053	1,099,713	1,050,597	828,359	1,233,706	-2,290,740	30,912	-137,018	-188,864	-308,046	12,849,383
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	137,335	26,903	4,225	2,801	5,695	3,740	1,199	13,525	12,699	196	57	28,011	51,450	23,471
Pre-Tax Profit	-390,276	1,255,440	1,116,240	1,311,854	1,105,409	1,054,337	829,558	1,247,231	-2,278,041	31,108	-136,961	-160,853	-256,596	12,872,854
Tax	0	-238,534	-212,086	-249,252	-210,028	-200,324	-165,911	-249,446	0	-7,155	0	0	0	-3,604,399
Profit After Tax	-390,276	1,016,906	904,154	1,062,602	895,381	854,013	663,646	997,785	-2,278,041	23,953	-136,961	-160,853	-256,596	9,268,455
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-390,276	1,016,906	904,154	1,062,602	895,381	854,013	663,646	997,785	-2,278,041	23,953	-136,961	-160,853	-256,596	9,268,455
Employee Costs	82,981	79,333	100,855	98,520	73,838	71,837	71,528	75,427	12,007,958	6,025,720	1,313,548	1,206,386	1,119,111	4,432,190
Number Of Employees	3	3	4	4	3	3	3	3	482	243	53	49	46	180
EBITDA*	-498,394	1,273,686	1,159,914	1,360,394	1,155,642	1,081,333	860,383	1,235,885	-2,288,162	33,686	-135,332	-186,365	-305,210	12,852,023

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	909,305	1,635,871	1,677,811	1,725,711	1,777,052	1,442,209	1,470,000	2,025	4,204	6,782	1,459	2,524	3,428	5,480
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	50	50	50	0	0	0	0	1,345,963	1,949,752	10,375,702	12,685,702	12,905,702	1,949,702	2,049,702
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	909,355	1,635,921	1,677,861	1,725,711	1,777,052	1,442,209	1,470,000	1,347,988	1,953,956	10,382,484	12,687,161	12,908,226	1,953,130	2,055,182
Stock & work in progress	57,808	57,808	57,808	194,050	355,050	355,050	618,050	157,050	157,050	157,050	157,050	157,050	157,050	481,671
Trade Debtors	22,747,297	18,886,541	19,166,177	0	0	0	0	0	3,730,048	1,731,136	46,556	41,675	32,494	1,547,167
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	1,291,368	2,502,219	1,369,904	16,551,630	17,101,115	13,103,766	11,953,245	11,092,267	0	0	0	0	0	0
Cash	2,720,147	3,742,684	3,431,499	5,019,358	582,835	935,958	560,042	398,777	5,011,214	68,284	9,937	12,715	11,191,550	9,388,561
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	26,816,620	25,189,252	24,025,388	21,765,038	18,039,000	14,394,774	13,131,337	11,648,094	8,898,312	1,956,470	213,543	211,440	11,381,094	11,417,399
total assets	27,725,975	26,825,173	25,703,249	23,490,749	19,816,052	15,836,983	14,601,337	12,996,082	10,852,268	12,338,954	12,900,704	13,119,666	13,334,224	13,472,581
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	0	0	0	0	0	0	0	0	1,642,257	850,745	1,413,799	1,488,461	1,571,477	1,453,539
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	157	22,806	30,145	834	533
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	12,511,752	10,956,855	10,851,837	9,543,491	6,931,396	4,022,862	3,641,229	2,788,286	0	0	0	0	0	0
total current liabilities	12,511,752	10,956,855	10,851,837	9,543,491	6,931,396	4,022,862	3,641,229	2,788,286	1,642,257	850,902	1,436,605	1,518,606	1,572,311	1,454,072
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	86,902	86,902	86,902	86,902	88,666	88,666	0	0	0	0	0	0	0
total long term liabilities	0	86,902	86,902	86,902	86,902	88,666	88,666	0	0	0	0	0	0	0
total liabilities	12,511,752	11,043,757	10,938,739	9,630,393	7,018,298	4,111,528	3,729,895	2,788,286	1,642,257	850,902	1,436,605	1,518,606	1,572,311	1,454,072
net assets	15,214,223	15,781,416	14,764,510	13,860,356	12,797,754	11,725,455	10,871,442	10,207,796	9,210,011	11,488,052	11,464,099	11,601,060	11,761,913	12,018,509
total shareholders funds	15,214,223	15,781,416	14,764,510	13,860,356	12,797,754	11,725,455	10,871,442	10,207,796	9,210,011	11,488,052	11,464,099	11,601,060	11,761,913	12,018,509

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-527,611	1,228,536	1,112,014	1,309,053	1,099,713	1,050,597	828,359	1,233,706	-2,290,740	30,912	-137,018	-188,864	-308,046	12,849,383
Depreciation	29,217	45,150	47,900	51,341	55,929	30,736	32,024	2,179	2,578	2,774	1,686	2,499	2,836	2,640
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-238,534	-212,086	-249,252	-210,028	-200,324	-165,911	-249,446	0	-7,155	0	0	0	-3,604,399
Stock	0	0	-136,242	-161,000	0	-263,000	461,000	0	0	0	0	0	-324,621	481,671
Debtors	2,649,905	852,679	3,984,451	-549,485	3,997,349	1,150,521	860,978	7,362,219	1,998,912	1,684,580	4,881	9,181	-1,514,673	1,547,167
Creditors	0	0	0	0	0	0	0	-1,642,257	791,512	-563,054	-74,662	-83,016	117,938	1,453,539
Accruals and Deferred Income	1,554,897	105,018	1,308,346	2,612,095	2,908,534	381,633	852,943	2,788,286	0	0	0	0	0	0
Deferred Taxes & Provisions	-86,902	0	0	0	-1,764	0	88,666	0	0	0	0	0	0	0
Cash flow from operations	-1,680,304	287,491	-1,592,035	4,433,722	-144,965	375,121	314,103	-5,229,751	-3,495,562	-2,221,103	-214,875	-278,562	1,652,022	8,672,325
Investing Activities
capital expenditure	697,349	-3,210	0	0	-390,772	-2,945	-1,499,999	0	0	-8,097	-621	-1,595	-784	-8,120
Change in Investments	0	0	50	0	0	0	-1,345,963	-603,789	-8,425,950	-2,310,000	-220,000	10,956,000	-100,000	2,049,702
cash flow from investments	697,349	-3,210	-50	0	-390,772	-2,945	-154,036	603,789	8,425,950	2,301,903	219,379	-10,957,595	99,216	-2,057,822
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	-157	-22,649	-7,339	29,311	301	533
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	-176,917	0	0	0	176,918	0	0	0	0	0	0	0	0	2,750,054
interest	137,335	26,903	4,225	2,801	5,695	3,740	1,199	13,525	12,699	196	57	28,011	51,450	23,471
cash flow from financing	-39,582	26,903	4,225	2,801	182,613	3,740	1,199	13,525	12,542	-22,453	-7,282	57,322	51,751	2,774,058
cash and cash equivalents
cash	-1,022,537	311,185	-1,587,859	4,436,523	-353,123	375,916	161,265	-4,612,437	4,942,930	58,347	-2,778	-11,178,835	1,802,989	9,388,561
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-1,022,537	311,185	-1,587,859	4,436,523	-353,123	375,916	161,265	-4,612,437	4,942,930	58,347	-2,778	-11,178,835	1,802,989	9,388,561

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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RICAN SECURITIES LIMITED group structure

Rican Securities Limited has no subsidiary companies.

Ultimate parent company

RICAN SECURITIES LIMITED

02869247

RICAN SECURITIES LIMITED Shareholders

andrew paul klein	88.61%
gayle klein	8.61%
samuel aaron klein	0.92%
joseph scott klein	0.92%
joshua james klein	0.92%
howard malcolm klein	0%

Rican Securities Limited currently has 2 directors. The longest serving directors include Mr Howard Klein (Nov 1993) and Mr Andrew Klein (Mar 1994).

officer	country	age	start	end	role
Mr Howard Klein		84 years	Nov 1993	-	Director
Mr Andrew Klein	United Kingdom	58 years	Mar 1994	-	Director

P&L

March 2023

turnover

142.7m

+27%

operating profit

-527.6k

gross margin

40.6%

+1.18%

turnover

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

Balance Sheet

March 2023

net assets

15.2m

-0.04%

total assets

27.7m

+0.03%

cash

2.7m

-0.27%

net assets

Total assets minus all liabilities

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company number

02869247

Type

Private limited with Share Capital

industry

96090 - Other personal service activities n.e.c.

incorporation date

November 1993

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

73 cornhill, london, EC3V 3QQ

last accounts submitted

March 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 21 charges/mortgages relating to rican securities limited. Currently there are 2 open charges and 19 have been satisfied in the past.

rican securities limited Company Information

rican securities limited Estimated Valuation

rican securities limited Estimated Valuation

rican securities limited Estimated Valuation

Rican Securities Limited Overview

Rican Securities Limited Health Check

RICAN SECURITIES LIMITED financials

rican securities limited Credit Report and Business Information

Rican Securities Limited Competitor Analysis

rican securities limited Ownership

rican securities limited directors

rican securities limited company details

rican securities limited Charges & Mortgages

rican securities limited Companies House Filings - See Documents