r a s completions limited Company Information
Company Number
03162613
Website
www.rascompletions.co.ukRegistered 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
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
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
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).
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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
3 Strong
1 Regular
7 Weak
Size
annual sales of £781.6k, make it smaller than the average company (£10.3m)
- R A S Completions Limited
£10.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -49%, show it is growing at a slower rate (-4.7%)
- R A S Completions Limited
-4.7% - Industry AVG
Production
with a gross margin of 14.9%, this company has a higher cost of product (23.4%)
- R A S Completions Limited
23.4% - Industry AVG
Profitability
an operating margin of -1.8% make it less profitable than the average company (5.9%)
- R A S Completions Limited
5.9% - Industry AVG
Employees
with 7 employees, this is below the industry average (86)
7 - R A S Completions Limited
86 - Industry AVG
Pay Structure
on an average salary of £46.3k, the company has an equivalent pay structure (£46.3k)
- R A S Completions Limited
£46.3k - Industry AVG
Efficiency
resulting in sales per employee of £111.7k, this is less efficient (£146.1k)
- R A S Completions Limited
£146.1k - Industry AVG
Debtor Days
it gets paid by customers after 108 days, this is later than average (45 days)
- R A S Completions Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 46 days, this is slower than average (26 days)
- R A S Completions Limited
26 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- R A S Completions Limited
- - Industry AVG
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
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
R A S Completions Limited Competitor Analysis
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.
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).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Augustinas Zemaitaitis | England | 44 years | May 2022 | - | Director |
Mr Gegams Hanamirjans | United Kingdom | 36 years | Jun 2023 | - | Director |
R A S COMPLETIONS LIMITED financials
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 House, Pomanda Estimates
Dec 2022 | Dec 2021 | Dec 2020 | May 2020 | May 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | ||||||||||||||
Other Income Or Grants | ||||||||||||||
Cost Of Sales | ||||||||||||||
Gross Profit | ||||||||||||||
Admin Expenses | ||||||||||||||
Operating Profit | ||||||||||||||
Interest Payable | ||||||||||||||
Interest Receivable | ||||||||||||||
Pre-Tax Profit | ||||||||||||||
Tax | ||||||||||||||
Profit After Tax | ||||||||||||||
Dividends Paid | ||||||||||||||
Retained Profit | ||||||||||||||
Employee Costs | ||||||||||||||
Number Of Employees | 7 | 30 | 28 | 34 | 34 | 18 | 18 | 18 | ||||||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2022 | Dec 2021 | Dec 2020 | May 2020 | May 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 66,676 | 78,534 | 76,083 | 76,234 | 80,811 | 58,030 | 58,441 | 65,121 | 63,489 | 69,650 | 69,593 | 81,092 | 80,747 | 77,591 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 0 | 0 | 0 | 9,739 | 52,273 | 141,236 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 66,676 | 78,534 | 76,083 | 76,234 | 80,811 | 67,769 | 110,714 | 206,357 | 63,489 | 69,650 | 69,593 | 81,092 | 80,747 | 77,591 |
Stock & work in progress | 0 | 46,015 | 209,971 | 231,716 | 145,828 | 85,925 | 112,980 | 132,345 | 37,563 | 54,567 | 37,226 | 29,975 | 33,804 | 38,421 |
Trade Debtors | 231,957 | 647,140 | 697,124 | 728,557 | 890,179 | 1,184,139 | 991,296 | 944,630 | 969,952 | 751,523 | 787,100 | 500,069 | 313,279 | 271,158 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash | 33,982 | 18,287 | 148,821 | 65,112 | 33,248 | 47,371 | 91,088 | 3,712 | 196,655 | 28,344 | 102,149 | 121,239 | 170,006 | 203,466 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 76,415 | 0 | 0 | 330 | 375 |
total current assets | 265,939 | 711,442 | 1,055,916 | 1,025,385 | 1,069,255 | 1,317,435 | 1,195,364 | 1,080,687 | 1,204,170 | 910,849 | 926,475 | 651,283 | 517,419 | 513,420 |
total assets | 332,615 | 789,976 | 1,131,999 | 1,101,619 | 1,150,066 | 1,385,204 | 1,306,078 | 1,287,044 | 1,267,659 | 980,499 | 996,068 | 732,375 | 598,166 | 591,011 |
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 | 85,579 | 584,457 | 387,445 | 307,114 | 247,718 | 418,691 | 344,501 | 433,357 | 83,342 | 232,553 | 305,265 | 154,339 | 129,909 | 154,961 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 318,397 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 85,579 | 584,457 | 387,445 | 307,114 | 247,718 | 418,691 | 344,501 | 433,357 | 401,739 | 232,553 | 305,265 | 154,339 | 129,909 | 154,961 |
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 | 30,925 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,938 |
provisions | 100,000 | 45,521 | 14,456 | 14,484 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 100,000 | 45,521 | 14,456 | 14,484 | 30,925 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,938 |
total liabilities | 185,579 | 629,978 | 401,901 | 321,598 | 278,643 | 418,691 | 344,501 | 433,357 | 401,739 | 232,553 | 305,265 | 154,339 | 129,909 | 156,899 |
net assets | 147,036 | 159,998 | 730,098 | 780,021 | 871,423 | 966,513 | 961,577 | 853,687 | 865,920 | 747,946 | 690,803 | 578,036 | 468,257 | 434,112 |
total shareholders funds | 147,036 | 159,998 | 730,098 | 780,021 | 871,423 | 966,513 | 961,577 | 853,687 | 865,920 | 747,946 | 690,803 | 578,036 | 468,257 | 434,112 |
Dec 2022 | Dec 2021 | Dec 2020 | May 2020 | May 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||||
Operating Profit | ||||||||||||||
Depreciation | 18,388 | 19,511 | 9,820 | 17,582 | 11,583 | 9,848 | 8,430 | 7,863 | 8,048 | 7,066 | 11,723 | 10,718 | 9,164 | 9,278 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | ||||||||||||||
Stock | -46,015 | -163,956 | 64,143 | 85,888 | 59,903 | -27,055 | -19,365 | 94,782 | -17,004 | 17,341 | 7,251 | -3,829 | -4,617 | 38,421 |
Debtors | -415,183 | -49,984 | -193,055 | -161,622 | -293,960 | 192,843 | 46,666 | -25,322 | 218,429 | -35,577 | 287,031 | 186,790 | 42,121 | 271,158 |
Creditors | -498,878 | 197,012 | 139,727 | 59,396 | -170,973 | 74,190 | -88,856 | 350,015 | -149,211 | -72,712 | 150,926 | 24,430 | -25,052 | 154,961 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -318,397 | 318,397 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | 54,479 | 31,065 | 14,456 | 14,484 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | ||||||||||||||
Investing Activities | ||||||||||||||
capital expenditure | ||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | -9,739 | -42,534 | -88,963 | 141,236 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
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 | -30,925 | -30,925 | 30,925 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,938 | 1,938 |
share issue | ||||||||||||||
interest | ||||||||||||||
cash flow from financing | ||||||||||||||
cash and cash equivalents | ||||||||||||||
cash | 15,695 | -130,534 | 115,573 | 31,864 | -14,123 | -43,717 | 87,376 | -192,943 | 168,311 | -73,805 | -19,090 | -48,767 | -33,460 | 203,466 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 15,695 | -130,534 | 115,573 | 31,864 | -14,123 | -43,717 | 87,376 | -192,943 | 168,311 | -73,805 | -19,090 | -48,767 | -33,460 | 203,466 |
P&L
December 2022turnover
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 2022net 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.
r a s completions limited Companies House Filings - See Documents
date | description | view/download |
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