r a s completions limited

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r a s completions limited Company Information

Share R A S COMPLETIONS LIMITED
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Company Number

03162613

Registered Address

510 churchill way churchill way, biggin hill, westerham, TN16 3BN

Industry

Repair and maintenance of aircraft and spacecraft

 

Telephone

01959576757

Next Accounts Due

September 2024

Group Structure

View All

Shareholders

jetms holding limited 100%

r a s completions limited Estimated Valuation

£329.8k

Pomanda estimates the enterprise value of R A S COMPLETIONS LIMITED at £329.8k based on a Turnover of £781.6k and 0.42x industry multiple (adjusted for size and gross margin).

r a s completions limited Estimated Valuation

£17.7k

Pomanda estimates the enterprise value of R A S COMPLETIONS LIMITED at £17.7k based on an EBITDA of £4.5k and a 3.92x industry multiple (adjusted for size and gross margin).

r a s completions limited Estimated Valuation

£591.5k

Pomanda estimates the enterprise value of R A S COMPLETIONS LIMITED at £591.5k based on Net Assets of £147k and 4.02x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from December 2022 

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R A S Completions Limited Overview

R A S Completions Limited is a live company located in westerham, TN16 3BN with a Companies House number of 03162613. It operates in the repair and maintenance of aircraft and spacecraft sector, SIC Code 33160. Founded in February 1996, it's largest shareholder is jetms holding limited with a 100% stake. R A S Completions Limited is a mature, small sized company, Pomanda has estimated its turnover at £781.6k with declining growth in recent years.

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R A S Completions Limited Health Check

Pomanda's financial health check has awarded R A S Completions Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

3 Strong

positive_score

1 Regular

positive_score

7 Weak

size

Size

annual sales of £781.6k, make it smaller than the average company (£10.3m)

£781.6k - R A S Completions Limited

£10.3m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -49%, show it is growing at a slower rate (-4.7%)

-49% - R A S Completions Limited

-4.7% - Industry AVG

production

Production

with a gross margin of 14.9%, this company has a higher cost of product (23.4%)

14.9% - R A S Completions Limited

23.4% - Industry AVG

profitability

Profitability

an operating margin of -1.8% make it less profitable than the average company (5.9%)

-1.8% - R A S Completions Limited

5.9% - Industry AVG

employees

Employees

with 7 employees, this is below the industry average (86)

7 - R A S Completions Limited

86 - Industry AVG

paystructure

Pay Structure

on an average salary of £46.3k, the company has an equivalent pay structure (£46.3k)

£46.3k - R A S Completions Limited

£46.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £111.7k, this is less efficient (£146.1k)

£111.7k - R A S Completions Limited

£146.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 108 days, this is later than average (45 days)

108 days - R A S Completions Limited

45 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 46 days, this is slower than average (26 days)

46 days - R A S Completions Limited

26 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - R A S Completions Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 20 weeks, this is more cash available to meet short term requirements (10 weeks)

20 weeks - R A S Completions Limited

10 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 55.8%, this is a lower level of debt than the average (67.7%)

55.8% - R A S Completions Limited

67.7% - Industry AVG

r a s completions 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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R A S Completions Limited Competitor Analysis

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Perform a competitor analysis for r a s completions limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.

r a s completions limited Ownership

R A S COMPLETIONS LIMITED group structure

R A S Completions Limited has no subsidiary companies.

Ultimate parent company

1 parent

R A S COMPLETIONS LIMITED

03162613

R A S COMPLETIONS LIMITED Shareholders

jetms holding limited 100%

r a s completions limited directors

R A S Completions Limited currently has 2 directors. The longest serving directors include Mr Augustinas Zemaitaitis (May 2022) and Mr Gegams Hanamirjans (Jun 2023).

officercountryagestartendrole
Mr Augustinas ZemaitaitisEngland44 years May 2022- Director
Mr Gegams HanamirjansUnited Kingdom36 years Jun 2023- Director

R A S COMPLETIONS LIMITED financials

EXPORTms excel logo

R A S Completions Limited's latest turnover from December 2022 is estimated at £781.6 thousand and the company has net assets of £147 thousand. According to their latest financial statements, R A S Completions Limited has 7 employees and maintains cash reserves of £34 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2022Dec 2021Dec 2020May 2020May 2019Feb 2018Feb 2017Feb 2016Feb 2015Feb 2014Feb 2013Feb 2012Feb 2011Feb 2010
Turnover781,5582,688,3732,523,9962,983,4785,874,5633,690,0642,998,9862,673,5732,664,3992,964,5602,839,2281,694,6201,277,1671,283,747
Other Income Or Grants00000000000000
Cost Of Sales665,2892,431,3772,258,3532,444,2914,378,0612,869,8582,464,9162,118,1702,184,4562,397,6552,207,8971,328,6481,010,171972,747
Gross Profit116,270256,996265,643539,1871,496,503820,207534,069555,403479,943566,905631,332365,972266,995311,000
Admin Expenses130,147827,305405,060628,6391,591,895814,459399,325556,136315,981493,020475,618202,134188,559-96,979
Operating Profit-13,877-570,309-139,417-89,452-95,3925,748134,744-733163,96273,885155,714163,83878,436407,979
Interest Payable00000000000000
Interest Receivable9152099149302346119501563326558728934509
Pre-Tax Profit-12,962-570,100-139,326-89,403-95,0906,094134,863-232164,52474,212156,272164,56679,369408,488
Tax00000-1,158-26,9720-34,550-17,069-37,505-42,787-22,223-114,376
Profit After Tax-12,962-570,100-139,326-89,403-95,0904,936107,890-232129,97457,143118,767121,77957,146294,111
Dividends Paid00000000000000
Retained Profit-12,962-570,100-139,326-89,403-95,0904,936107,890-232129,97457,143118,767121,77957,146294,111
Employee Costs324,4011,337,1351,247,4751,499,0151,545,145738,333763,724724,041597,228606,215598,543365,579255,515289,935
Number Of Employees7302834341818181516161088
EBITDA*4,511-550,798-129,597-71,870-83,80915,596143,1747,130172,01080,951167,437174,55687,600417,257

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020May 2020May 2019Feb 2018Feb 2017Feb 2016Feb 2015Feb 2014Feb 2013Feb 2012Feb 2011Feb 2010
Tangible Assets66,67678,53476,08376,23480,81158,03058,44165,12163,48969,65069,59381,09280,74777,591
Intangible Assets00000000000000
Investments & Other000009,73952,273141,236000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets66,67678,53476,08376,23480,81167,769110,714206,35763,48969,65069,59381,09280,74777,591
Stock & work in progress046,015209,971231,716145,82885,925112,980132,34537,56354,56737,22629,97533,80438,421
Trade Debtors231,957647,140697,124728,557890,1791,184,139991,296944,630969,952751,523787,100500,069313,279271,158
Group Debtors00000000000000
Misc Debtors00000000000000
Cash33,98218,287148,82165,11233,24847,37191,0883,712196,65528,344102,149121,239170,006203,466
misc current assets00000000076,41500330375
total current assets265,939711,4421,055,9161,025,3851,069,2551,317,4351,195,3641,080,6871,204,170910,849926,475651,283517,419513,420
total assets332,615789,9761,131,9991,101,6191,150,0661,385,2041,306,0781,287,0441,267,659980,499996,068732,375598,166591,011
Bank overdraft00000000000000
Bank loan00000000000000
Trade Creditors 85,579584,457387,445307,114247,718418,691344,501433,35783,342232,553305,265154,339129,909154,961
Group/Directors Accounts00000000000000
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities00000000318,39700000
total current liabilities85,579584,457387,445307,114247,718418,691344,501433,357401,739232,553305,265154,339129,909154,961
loans00000000000000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities000030,925000000001,938
provisions100,00045,52114,45614,4840000000000
total long term liabilities100,00045,52114,45614,48430,925000000001,938
total liabilities185,579629,978401,901321,598278,643418,691344,501433,357401,739232,553305,265154,339129,909156,899
net assets147,036159,998730,098780,021871,423966,513961,577853,687865,920747,946690,803578,036468,257434,112
total shareholders funds147,036159,998730,098780,021871,423966,513961,577853,687865,920747,946690,803578,036468,257434,112
Dec 2022Dec 2021Dec 2020May 2020May 2019Feb 2018Feb 2017Feb 2016Feb 2015Feb 2014Feb 2013Feb 2012Feb 2011Feb 2010
Operating Activities
Operating Profit-13,877-570,309-139,417-89,452-95,3925,748134,744-733163,96273,885155,714163,83878,436407,979
Depreciation18,38819,5119,82017,58211,5839,8488,4307,8638,0487,06611,72310,7189,1649,278
Amortisation00000000000000
Tax00000-1,158-26,9720-34,550-17,069-37,505-42,787-22,223-114,376
Stock-46,015-163,95664,14385,88859,903-27,055-19,36594,782-17,00417,3417,251-3,829-4,61738,421
Debtors-415,183-49,984-193,055-161,622-293,960192,84346,666-25,322218,429-35,577287,031186,79042,121271,158
Creditors-498,878197,012139,72759,396-170,97374,190-88,856350,015-149,211-72,712150,92624,430-25,052154,961
Accruals and Deferred Income0000000-318,397318,39700000
Deferred Taxes & Provisions54,47931,06514,45614,4840000000000
Cash flow from operations21,310-108,781153,49877,744-20,725-77,16045-30,712105,2219,406-13,424-26,7622,821148,263
Investing Activities
capital expenditure-6,530-21,962-5,092-13,005-34,364-9,437-1,750-9,495-1,887-7,123-224-11,063-12,320-86,869
Change in Investments0000-9,739-42,534-88,963141,236000000
cash flow from investments-6,530-21,962-5,092-13,005-24,62533,09787,213-150,731-1,887-7,123-224-11,063-12,320-86,869
Financing Activities
Bank loans00000000000000
Group/Directors Accounts00000000000000
Other Short Term Loans 00000000000000
Long term loans00000000000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities00-30,925-30,92530,9250000000-1,9381,938
share issue00-1,999-1,999000-12,001-12,0000-6,000-12,000-23,001140,001
interest9152099149302346119501563326558728934509
cash flow from financing915209-32,833-32,87531,227346119-11,500-11,437326-5,442-11,272-24,005142,448
cash and cash equivalents
cash15,695-130,534115,57331,864-14,123-43,71787,376-192,943168,311-73,805-19,090-48,767-33,460203,466
overdraft00000000000000
change in cash15,695-130,534115,57331,864-14,123-43,71787,376-192,943168,311-73,805-19,090-48,767-33,460203,466

P&L

December 2022

turnover

781.6k

-71%

operating profit

-13.9k

0%

gross margin

14.9%

+55.62%

turnover

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

Balance Sheet

December 2022

net assets

147k

-0.08%

total assets

332.6k

-0.58%

cash

34k

+0.86%

net assets

Total assets minus all liabilities

r a s completions limited company details

company number

03162613

Type

Private limited with Share Capital

industry

33160 - Repair and maintenance of aircraft and spacecraft

incorporation date

February 1996

age

28

accounts

Audited Abridged

ultimate parent company

previous names

russell aircraft services ltd. (January 1997)

incorporated

UK

address

510 churchill way churchill way, biggin hill, westerham, TN16 3BN

last accounts submitted

December 2022

r a s completions 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 r a s completions limited. Currently there are 2 open charges and 0 have been satisfied in the past.

charges

r a s completions limited Companies House Filings - See Documents

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