rave technologies (uk) limited

rave technologies (uk) limited Company Information

Share RAVE TECHNOLOGIES (UK) LIMITED
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Company Number

02941845

Industry

Other business support service activities n.e.c.

 

Shareholders

nec software solutions india pvt limited

Group Structure

View All

Contact

Registered Address

1st floor, imex centre, 575-599 maxted road, hemel hempstead, hertfordshire, HP2 7DX

rave technologies (uk) limited Estimated Valuation

£15.8m

Pomanda estimates the enterprise value of RAVE TECHNOLOGIES (UK) LIMITED at £15.8m based on a Turnover of £32.3m and 0.49x industry multiple (adjusted for size and gross margin).

rave technologies (uk) limited Estimated Valuation

£163.5k

Pomanda estimates the enterprise value of RAVE TECHNOLOGIES (UK) LIMITED at £163.5k based on an EBITDA of £45.2k and a 3.62x industry multiple (adjusted for size and gross margin).

rave technologies (uk) limited Estimated Valuation

£1.3m

Pomanda estimates the enterprise value of RAVE TECHNOLOGIES (UK) LIMITED at £1.3m based on Net Assets of £569.1k and 2.35x industry multiple (adjusted for liquidity).

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Rave Technologies (uk) Limited Overview

Rave Technologies (uk) Limited is a live company located in hemel hempstead, HP2 7DX with a Companies House number of 02941845. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in June 1994, it's largest shareholder is nec software solutions india pvt limited with a 100% stake. Rave Technologies (uk) Limited is a mature, large sized company, Pomanda has estimated its turnover at £32.3m with healthy growth in recent years.

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Rave Technologies (uk) Limited Health Check

Pomanda's financial health check has awarded Rave Technologies (Uk) Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

5 Strong

positive_score

0 Regular

positive_score

6 Weak

size

Size

annual sales of £32.3m, make it larger than the average company (£3.1m)

£32.3m - Rave Technologies (uk) Limited

£3.1m - Industry AVG

growth

Growth

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

14% - Rave Technologies (uk) Limited

4.1% - Industry AVG

production

Production

with a gross margin of 1.1%, this company has a higher cost of product (38.6%)

1.1% - Rave Technologies (uk) Limited

38.6% - Industry AVG

profitability

Profitability

an operating margin of 0.1% make it less profitable than the average company (6.5%)

0.1% - Rave Technologies (uk) Limited

6.5% - Industry AVG

employees

Employees

with 7 employees, this is below the industry average (20)

7 - Rave Technologies (uk) Limited

20 - Industry AVG

paystructure

Pay Structure

on an average salary of £33.2k, the company has a lower pay structure (£44.8k)

£33.2k - Rave Technologies (uk) Limited

£44.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £4.6m, this is more efficient (£141.2k)

£4.6m - Rave Technologies (uk) Limited

£141.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 15 days, this is earlier than average (40 days)

15 days - Rave Technologies (uk) Limited

40 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 3 days, this is quicker than average (34 days)

3 days - Rave Technologies (uk) Limited

34 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Rave Technologies (uk) Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (27 weeks)

3 weeks - Rave Technologies (uk) Limited

27 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 97.2%, this is a higher level of debt than the average (60.5%)

97.2% - Rave Technologies (uk) Limited

60.5% - Industry AVG

RAVE TECHNOLOGIES (UK) LIMITED financials

EXPORTms excel logo

Rave Technologies (Uk) Limited's latest turnover from March 2023 is £32.3 million and the company has net assets of £569.1 thousand. According to their latest financial statements, Rave Technologies (Uk) Limited has 7 employees and maintains cash reserves of £1.4 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover32,279,83727,529,13924,091,99821,774,80615,921,67315,504,55015,024,15112,153,12410,557,8937,762,0976,397,9034,785,6304,258,4315,301,291
Other Income Or Grants00000000000000
Cost Of Sales31,928,44827,188,40223,735,43821,386,71115,603,67515,107,47114,650,45811,770,81010,261,4327,455,4576,064,3344,478,3374,096,6054,944,584
Gross Profit351,389340,737356,560388,095317,998397,079373,693382,314296,461306,640333,569307,293161,826356,707
Admin Expenses306,174292,748311,393329,477278,521375,654275,716352,430259,266265,189297,226277,654503,571389,671
Operating Profit45,21547,98945,16758,61839,47721,42597,97729,88437,19541,45136,34329,639-341,745-32,964
Interest Payable0960000000010,16910,25200
Interest Receivable30,9961,1477412,1982,0321782749445351094858136
Pre-Tax Profit76,21149,04045,90860,81641,50921,60398,00430,37837,24041,48626,28319,435-341,687-32,828
Tax-14,757-9,7063,407-3,538-14,1610-82,28100-9,372-4,440092,66116,258
Profit After Tax61,45439,33449,31557,27827,34821,60315,72330,37837,24032,11421,84319,435-249,026-16,570
Dividends Paid00000000000000
Retained Profit61,45439,33449,31557,27827,34821,60315,72330,37837,24032,11421,84319,435-249,026-16,570
Employee Costs232,116174,849172,852111,07390,679130,575106,85388,55856,701105,8211,773,28118,601292,601404,120
Number Of Employees754434332351246
EBITDA*45,21548,85546,03259,48339,47721,42597,97729,88438,22341,87036,76231,225-337,925-29,214

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets008661,7310888842684561,5925,412
Intangible Assets00000000000000
Investments & Other000000930930930930930930930930
Debtors (Due After 1 year)00000000000000
Total Fixed Assets008661,731089389389381,3561,7759362,5226,342
Stock & work in progress00000000000000
Trade Debtors1,398,2931,475,288749,8621,858,3471,300,2531,017,283903,858442,064360,084179,505107,567153,761480,481955,750
Group Debtors16,892,21713,663,50911,531,0127,568,3156,701,9714,843,0063,749,4312,847,0241,887,5471,786,0901,705,0971,274,859469,581718,980
Misc Debtors895,558875,211831,78732,79616,55530,80431,19628,82841,56332,77517,64143,88769,78380,716
Cash1,447,572656,056516,932846,973196,366368,771121,85184,87171,46285,492124,01159,835147,582458,909
misc current assets00000000000000
total current assets20,633,64016,670,06413,629,59310,306,4318,215,1456,259,8644,806,3363,402,7872,360,6562,083,8621,954,3161,532,3421,167,4272,214,355
total assets20,633,64016,670,06413,630,45910,308,1628,215,1456,259,8724,807,2743,403,7252,361,5942,085,2181,956,0911,533,2781,169,9492,220,697
Bank overdraft00000000000000
Bank loan00000000000000
Trade Creditors 339,177565,954409,070573,048236,1491,99017,3201,33516,0037,8602,65033,29311,0073,505
Group/Directors Accounts18,632,25514,672,15710,465,1357,924,3516,913,7185,414,6723,969,6952,427,9021,524,1581,408,5261,345,1841,001,229651,7771,461,568
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities1,093,077924,2762,287,9111,391,735703,528508,808507,460677,412554,735439,374410,913323,255351,099350,532
total current liabilities20,064,50916,162,38713,162,1169,889,1347,853,3955,925,4704,494,4753,106,6492,094,8961,855,7601,758,7471,357,7771,013,8831,815,605
loans00000000000000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities00000000000000
provisions00000000000000
total long term liabilities00000000000000
total liabilities20,064,50916,162,38713,162,1169,889,1347,853,3955,925,4704,494,4753,106,6492,094,8961,855,7601,758,7471,357,7771,013,8831,815,605
net assets569,131507,677468,343419,028361,750334,402312,799297,076266,698229,458197,344175,501156,066405,092
total shareholders funds569,131507,677468,343419,028361,750334,402312,799297,076266,698229,458197,344175,501156,066405,092
Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit45,21547,98945,16758,61839,47721,42597,97729,88437,19541,45136,34329,639-341,745-32,964
Depreciation086686586500001,0284194191,5863,8203,750
Amortisation00000000000000
Tax-14,757-9,7063,407-3,538-14,1610-82,28100-9,372-4,440092,66116,258
Stock00000000000000
Debtors3,172,0602,901,3473,653,2031,440,6792,127,6861,206,6081,366,5691,028,722290,824168,065357,798452,662-735,6011,755,446
Creditors-226,777156,884-163,978336,899234,159-15,33015,985-14,6688,1435,210-30,64322,2867,5023,505
Accruals and Deferred Income168,801-1,363,635896,176688,207194,7201,348-169,952122,677115,36128,46187,658-27,844567350,532
Deferred Taxes & Provisions00000000000000
Cash flow from operations-3,199,578-4,068,949-2,871,566-359,628-1,673,491-1,199,165-1,504,840-890,829-129,097-101,896-268,461-426,995498,406-1,414,365
Investing Activities
capital expenditure000-2,5968000-6100-1,25800-2,877
Change in Investments00000-9300000000930
cash flow from investments000-2,596893000-6100-1,25800-3,807
Financing Activities
Bank loans00000000000000
Group/Directors Accounts3,960,0984,207,0222,540,7841,010,6331,499,0461,444,9771,541,793903,744115,63263,342343,955349,452-809,7911,461,568
Other Short Term Loans 00000000000000
Long term loans00000000000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities00000000000000
share issue0000000000000421,662
interest30,9961,0517412,1982,032178274944535-10,060-10,20458136
cash flow from financing3,991,0944,208,0732,541,5251,012,8311,501,0781,445,1551,541,820904,238115,67763,377333,895339,248-809,7331,883,366
cash and cash equivalents
cash791,516139,124-330,041650,607-172,405246,92036,98013,409-14,030-38,51964,176-87,747-311,327458,909
overdraft00000000000000
change in cash791,516139,124-330,041650,607-172,405246,92036,98013,409-14,030-38,51964,176-87,747-311,327458,909

rave technologies (uk) 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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Rave Technologies (uk) Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for rave technologies (uk) limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in HP2 area or any other competitors across 12 key performance metrics.

rave technologies (uk) limited Ownership

RAVE TECHNOLOGIES (UK) LIMITED group structure

Rave Technologies (Uk) Limited has no subsidiary companies.

Ultimate parent company

NEC SOFTWARE SOLUTIONS INDIA PVT LTD

#0131880

1 parent

RAVE TECHNOLOGIES (UK) LIMITED

02941845

RAVE TECHNOLOGIES (UK) LIMITED Shareholders

nec software solutions india pvt limited 100%

rave technologies (uk) limited directors

Rave Technologies (Uk) Limited currently has 2 directors. The longest serving directors include Mr Stefan Maynard (Sep 2020) and Ms Tina Whitley (Feb 2021).

officercountryagestartendrole
Mr Stefan MaynardUnited Kingdom52 years Sep 2020- Director
Ms Tina WhitleyUnited Kingdom56 years Feb 2021- Director

P&L

March 2023

turnover

32.3m

+17%

operating profit

45.2k

-6%

gross margin

1.1%

-12.05%

turnover

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

Balance Sheet

March 2023

net assets

569.1k

+0.12%

total assets

20.6m

+0.24%

cash

1.4m

+1.21%

net assets

Total assets minus all liabilities

rave technologies (uk) limited company details

company number

02941845

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

June 1994

age

30

incorporated

UK

ultimate parent company

NEC SOFTWARE SOLUTIONS INDIA PVT LTD

accounts

Full Accounts

last accounts submitted

March 2023

previous names

rave technologies limited (May 1998)

karnataka limited (April 1998)

accountant

-

auditor

KPMG LLP

address

1st floor, imex centre, 575-599 maxted road, hemel hempstead, hertfordshire, HP2 7DX

Bank

-

Legal Advisor

-

rave technologies (uk) 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 2 charges/mortgages relating to rave technologies (uk) limited. Currently there are 0 open charges and 2 have been satisfied in the past.

rave technologies (uk) 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 RAVE TECHNOLOGIES (UK) LIMITED. This can take several minutes, an email will notify you when this has completed.

rave technologies (uk) limited Companies House Filings - See Documents

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