rave technologies (uk) limited Company Information
Company Number
02941845
Next Accounts
13 days late
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
Website
www.ravetech.co.ukrave technologies (uk) limited Estimated Valuation
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
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
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
5 Strong
0 Regular
6 Weak
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
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
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
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
with 7 employees, this is below the industry average (20)
7 - Rave Technologies (uk) Limited
20 - Industry AVG
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
resulting in sales per employee of £4.6m, this is more efficient (£141.2k)
£4.6m - Rave Technologies (uk) Limited
£141.2k - Industry AVG
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
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
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Rave Technologies (uk) Limited
- - Industry AVG
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
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
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 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 | 32,279,837 | 27,529,139 | 24,091,998 | 21,774,806 | 15,921,673 | 15,504,550 | 15,024,151 | 12,153,124 | 10,557,893 | 7,762,097 | 6,397,903 | 4,785,630 | 4,258,431 | 5,301,291 |
Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cost Of Sales | 31,928,448 | 27,188,402 | 23,735,438 | 21,386,711 | 15,603,675 | 15,107,471 | 14,650,458 | 11,770,810 | 10,261,432 | 7,455,457 | 6,064,334 | 4,478,337 | 4,096,605 | 4,944,584 |
Gross Profit | 351,389 | 340,737 | 356,560 | 388,095 | 317,998 | 397,079 | 373,693 | 382,314 | 296,461 | 306,640 | 333,569 | 307,293 | 161,826 | 356,707 |
Admin Expenses | 306,174 | 292,748 | 311,393 | 329,477 | 278,521 | 375,654 | 275,716 | 352,430 | 259,266 | 265,189 | 297,226 | 277,654 | 503,571 | 389,671 |
Operating Profit | 45,215 | 47,989 | 45,167 | 58,618 | 39,477 | 21,425 | 97,977 | 29,884 | 37,195 | 41,451 | 36,343 | 29,639 | -341,745 | -32,964 |
Interest Payable | 0 | 96 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10,169 | 10,252 | 0 | 0 |
Interest Receivable | 30,996 | 1,147 | 741 | 2,198 | 2,032 | 178 | 27 | 494 | 45 | 35 | 109 | 48 | 58 | 136 |
Pre-Tax Profit | 76,211 | 49,040 | 45,908 | 60,816 | 41,509 | 21,603 | 98,004 | 30,378 | 37,240 | 41,486 | 26,283 | 19,435 | -341,687 | -32,828 |
Tax | -14,757 | -9,706 | 3,407 | -3,538 | -14,161 | 0 | -82,281 | 0 | 0 | -9,372 | -4,440 | 0 | 92,661 | 16,258 |
Profit After Tax | 61,454 | 39,334 | 49,315 | 57,278 | 27,348 | 21,603 | 15,723 | 30,378 | 37,240 | 32,114 | 21,843 | 19,435 | -249,026 | -16,570 |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Retained Profit | 61,454 | 39,334 | 49,315 | 57,278 | 27,348 | 21,603 | 15,723 | 30,378 | 37,240 | 32,114 | 21,843 | 19,435 | -249,026 | -16,570 |
Employee Costs | 232,116 | 174,849 | 172,852 | 111,073 | 90,679 | 130,575 | 106,853 | 88,558 | 56,701 | 18,601 | 292,601 | 404,120 | ||
Number Of Employees | 7 | 5 | 4 | 4 | 3 | 4 | 3 | 3 | 2 | 3 | 2 | 4 | 6 | |
EBITDA* | 45,215 | 48,855 | 46,032 | 59,483 | 39,477 | 21,425 | 97,977 | 29,884 | 38,223 | 41,870 | 36,762 | 31,225 | -337,925 | -29,214 |
* 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 | 0 | 0 | 866 | 1,731 | 0 | 8 | 8 | 8 | 8 | 426 | 845 | 6 | 1,592 | 5,412 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 930 | 930 | 930 | 930 | 930 | 930 | 930 | 930 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 0 | 0 | 866 | 1,731 | 0 | 8 | 938 | 938 | 938 | 1,356 | 1,775 | 936 | 2,522 | 6,342 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Debtors | 1,398,293 | 1,475,288 | 749,862 | 1,858,347 | 1,300,253 | 1,017,283 | 903,858 | 442,064 | 360,084 | 179,505 | 107,567 | 153,761 | 480,481 | 955,750 |
Group Debtors | 16,892,217 | 13,663,509 | 11,531,012 | 7,568,315 | 6,701,971 | 4,843,006 | 3,749,431 | 2,847,024 | 1,887,547 | 1,786,090 | 1,705,097 | 1,274,859 | 469,581 | 718,980 |
Misc Debtors | 895,558 | 875,211 | 831,787 | 32,796 | 16,555 | 30,804 | 31,196 | 28,828 | 41,563 | 32,775 | 17,641 | 43,887 | 69,783 | 80,716 |
Cash | 1,447,572 | 656,056 | 516,932 | 846,973 | 196,366 | 368,771 | 121,851 | 84,871 | 71,462 | 85,492 | 124,011 | 59,835 | 147,582 | 458,909 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 20,633,640 | 16,670,064 | 13,629,593 | 10,306,431 | 8,215,145 | 6,259,864 | 4,806,336 | 3,402,787 | 2,360,656 | 2,083,862 | 1,954,316 | 1,532,342 | 1,167,427 | 2,214,355 |
total assets | 20,633,640 | 16,670,064 | 13,630,459 | 10,308,162 | 8,215,145 | 6,259,872 | 4,807,274 | 3,403,725 | 2,361,594 | 2,085,218 | 1,956,091 | 1,533,278 | 1,169,949 | 2,220,697 |
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 | 339,177 | 565,954 | 409,070 | 573,048 | 236,149 | 1,990 | 17,320 | 1,335 | 16,003 | 7,860 | 2,650 | 33,293 | 11,007 | 3,505 |
Group/Directors Accounts | 18,632,255 | 14,672,157 | 10,465,135 | 7,924,351 | 6,913,718 | 5,414,672 | 3,969,695 | 2,427,902 | 1,524,158 | 1,408,526 | 1,345,184 | 1,001,229 | 651,777 | 1,461,568 |
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 | 1,093,077 | 924,276 | 2,287,911 | 1,391,735 | 703,528 | 508,808 | 507,460 | 677,412 | 554,735 | 439,374 | 410,913 | 323,255 | 351,099 | 350,532 |
total current liabilities | 20,064,509 | 16,162,387 | 13,162,116 | 9,889,134 | 7,853,395 | 5,925,470 | 4,494,475 | 3,106,649 | 2,094,896 | 1,855,760 | 1,758,747 | 1,357,777 | 1,013,883 | 1,815,605 |
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 | 20,064,509 | 16,162,387 | 13,162,116 | 9,889,134 | 7,853,395 | 5,925,470 | 4,494,475 | 3,106,649 | 2,094,896 | 1,855,760 | 1,758,747 | 1,357,777 | 1,013,883 | 1,815,605 |
net assets | 569,131 | 507,677 | 468,343 | 419,028 | 361,750 | 334,402 | 312,799 | 297,076 | 266,698 | 229,458 | 197,344 | 175,501 | 156,066 | 405,092 |
total shareholders funds | 569,131 | 507,677 | 468,343 | 419,028 | 361,750 | 334,402 | 312,799 | 297,076 | 266,698 | 229,458 | 197,344 | 175,501 | 156,066 | 405,092 |
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 | 45,215 | 47,989 | 45,167 | 58,618 | 39,477 | 21,425 | 97,977 | 29,884 | 37,195 | 41,451 | 36,343 | 29,639 | -341,745 | -32,964 |
Depreciation | 0 | 866 | 865 | 865 | 0 | 0 | 0 | 0 | 1,028 | 419 | 419 | 1,586 | 3,820 | 3,750 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | -14,757 | -9,706 | 3,407 | -3,538 | -14,161 | 0 | -82,281 | 0 | 0 | -9,372 | -4,440 | 0 | 92,661 | 16,258 |
Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors | 3,172,060 | 2,901,347 | 3,653,203 | 1,440,679 | 2,127,686 | 1,206,608 | 1,366,569 | 1,028,722 | 290,824 | 168,065 | 357,798 | 452,662 | -735,601 | 1,755,446 |
Creditors | -226,777 | 156,884 | -163,978 | 336,899 | 234,159 | -15,330 | 15,985 | -14,668 | 8,143 | 5,210 | -30,643 | 22,286 | 7,502 | 3,505 |
Accruals and Deferred Income | 168,801 | -1,363,635 | 896,176 | 688,207 | 194,720 | 1,348 | -169,952 | 122,677 | 115,361 | 28,461 | 87,658 | -27,844 | 567 | 350,532 |
Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
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 | -426,995 | 498,406 | -1,414,365 |
Investing Activities | ||||||||||||||
capital expenditure | 0 | -610 | 0 | -1,258 | 0 | 0 | -2,877 | |||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | -930 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 930 |
cash flow from investments | 0 | -610 | 0 | -1,258 | 0 | 0 | -3,807 | |||||||
Financing Activities | ||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 3,960,098 | 4,207,022 | 2,540,784 | 1,010,633 | 1,499,046 | 1,444,977 | 1,541,793 | 903,744 | 115,632 | 63,342 | 343,955 | 349,452 | -809,791 | 1,461,568 |
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 | 30,996 | 1,051 | 741 | 2,198 | 2,032 | 178 | 27 | 494 | 45 | 35 | -10,060 | -10,204 | 58 | 136 |
cash flow from financing | 3,991,094 | 4,208,073 | 2,541,525 | 1,012,831 | 1,501,078 | 1,445,155 | 1,541,820 | 904,238 | 115,677 | 63,377 | 333,895 | 339,248 | -809,733 | 1,883,366 |
cash and cash equivalents | ||||||||||||||
cash | 791,516 | 139,124 | -330,041 | 650,607 | -172,405 | 246,920 | 36,980 | 13,409 | -14,030 | -38,519 | 64,176 | -87,747 | -311,327 | 458,909 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 791,516 | 139,124 | -330,041 | 650,607 | -172,405 | 246,920 | 36,980 | 13,409 | -14,030 | -38,519 | 64,176 | -87,747 | -311,327 | 458,909 |
rave technologies (uk) limited Credit Report and Business Information
Rave Technologies (uk) Limited Competitor Analysis
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 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).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Stefan Maynard | United Kingdom | 52 years | Sep 2020 | - | Director |
Ms Tina Whitley | United Kingdom | 56 years | Feb 2021 | - | Director |
P&L
March 2023turnover
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 2023net 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
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
date | description | view/download |
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