The Remet Company Limited

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the remet company limited Company Information

Live

MatureMegaDeclining

Company Number

03302783

Next Accounts

Mar 2025

Industry

Wholesale of waste and scrap

Directors

Shraga Cohen

Walter Reid

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Shareholders

the remet group limited

Group Structure

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Contact

Registered Address

remet works, 9a cody business centre, london, E16 4TL

Website

http://remetcompany.com

the remet company limited Estimated Valuation

£100.7m

Pomanda estimates the enterprise value of THE REMET COMPANY LIMITED at £100.7m based on a Turnover of £177.3m and 0.57x industry multiple (adjusted for size and gross margin).

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The Remet Company Limited is a live company located in london, E16 4TL with a Companies House number of 03302783. It operates in the wholesale of waste and scrap sector, SIC Code 46770. Founded in January 1997, it's largest shareholder is the remet group limited with a 100% stake. The Remet Company Limited is a mature, mega sized company, Pomanda has estimated its turnover at £177.3m with declining growth in recent years.

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Pomanda's financial health check has awarded The Remet Company Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

2 Regular

6 Weak

Size

annual sales of £177.3m, make it larger than the average company (£22.9m)

Growth

3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (14.4%)

EXPORT

The Remet Company Limited's latest turnover from June 2023 is £177.3 million and the company has net assets of £27.6 million. According to their latest financial statements, The Remet Company Limited has 109 employees and maintains cash reserves of £9.5 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Sep 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	177,347,330	311,330,063	291,512,689	181,923,309	188,485,469	175,308,370	152,355,239	126,423,004	149,228,422	141,771,030	154,315,429	157,266,251	182,065,867	145,349,036
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	162,247,478	284,899,575	275,652,090	169,872,213	176,674,617	162,816,305	142,315,657	116,959,306	140,740,831	134,661,148	144,500,037	147,393,453	169,380,515	133,968,070
Gross Profit	15,099,852	26,430,488	15,860,599	12,051,096	11,810,852	12,492,065	10,039,582	9,463,698	8,487,591	7,109,882	9,815,392	9,872,798	12,685,352	11,380,966
Admin Expenses	8,547,806	12,624,667	6,534,382	8,315,862	8,591,795	8,239,877	6,967,819	6,616,575	5,588,125	4,893,650	5,098,028	5,358,802	4,914,132	6,208,361
Operating Profit	6,552,046	13,805,821	9,326,217	3,735,234	3,219,057	4,252,188	3,071,763	2,847,123	2,899,466	2,216,232	4,717,364	4,513,996	7,771,220	5,172,605
Interest Payable	566,192	446,559	626,971	367,530	476,040	322,981	227,416	232,933	100,834	62,505	109,118	109,315	108,998	104,007
Interest Receivable	252,992	1,159,516	1,498,468	801,515	870,548	761,522	686,994	670,432	559,099	543,732	329,523	93,212	161,299	197,737
Pre-Tax Profit	6,238,846	14,518,778	10,197,714	4,169,219	3,613,565	4,690,729	3,531,341	3,284,622	3,267,741	3,147,417	4,937,769	4,497,893	7,823,521	5,266,335
Tax	-1,874,477	-2,745,425	-1,878,021	-887,181	-747,501	-846,499	-713,489	-618,103	-684,923	-711,389	-1,198,104	-1,082,603	-2,143,594	-1,496,866
Profit After Tax	4,364,369	11,773,353	8,319,693	3,282,038	2,866,064	3,844,230	2,817,852	2,666,519	2,582,818	2,436,028	3,739,665	3,415,290	5,679,927	3,769,469
Dividends Paid	1,000,000	35,256,000	107,200	0	0	0	0	0	0	0	0	0	2,500,000	4,500,000
Retained Profit	2,185,226	-24,644,094	7,300,258	2,896,938	2,419,211	3,434,926	2,356,093	2,272,588	2,307,199	1,927,012	3,280,957	3,142,232	2,527,320	-1,028,798
Employee Costs	6,075,668	8,966,438	5,117,700	6,159,513	5,734,823	5,552,899	5,053,457	4,489,193	4,370,326	4,542,304	4,352,519	3,832,297	4,358,399	4,779,206
Number Of Employees	109	105	101	103	103	105	100	89	93	93	84	76	80	65
EBITDA*	7,186,762	14,701,049	10,032,549	4,335,363	3,633,811	4,772,303	3,549,675	3,312,619	3,363,393	2,831,290	5,177,958	4,865,809	8,142,610	5,462,482

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Sep 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	12,135,851	10,442,099	10,228,281	10,427,796	9,892,258	3,095,047	2,166,960	1,862,206	2,033,386	1,972,809	1,961,886	1,618,243	1,613,175	1,534,441
Intangible Assets	709,458	710,797	705,720	707,131	3,911	6,411	8,911	11,411	13,911	16,411	18,911	21,411	23,911	26,411
Investments & Other	50	50	50	50	50	0	0	0	0	195,090	50	0	0	0
Debtors (Due After 1 year)	1,800,000	1,800,000	5,791,818	0	0	0	0	0	0	0	0	0	800,000	800,000
Total Fixed Assets	14,645,359	12,952,946	16,725,869	11,134,977	9,896,219	3,101,458	2,175,871	1,873,617	2,047,297	2,184,310	1,980,847	1,639,654	2,437,086	2,360,852
Stock & work in progress	16,241,200	14,413,847	9,535,884	16,371,665	10,276,205	9,146,474	10,246,203	7,991,736	8,617,092	6,255,395	6,458,590	7,906,154	7,549,926	4,701,494
Trade Debtors	26,738,805	30,359,981	30,485,871	27,406,631	26,095,614	25,625,493	21,720,710	18,649,148	22,548,245	20,595,284	24,974,853	24,469,635	27,134,883	22,011,703
Group Debtors	0	0	3,274	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	10,408,236	10,229,069	39,993,251	35,498,638	31,202,717	32,424,597	28,261,117	24,934,337	19,074,197	15,165,425	12,157,516	5,176,949	4,647,780	6,365,390
Cash	9,452,590	7,833,233	4,170,528	8,227,409	1,742,734	1,839	627,503	4,133,707	280,139	341,538	158,729	2,037,193	1,008,317	153,772
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	62,840,831	62,836,130	84,188,808	87,504,343	69,317,270	67,198,403	60,855,533	55,708,928	50,519,673	42,357,642	43,749,688	39,589,931	40,340,906	33,232,359
total assets	77,486,190	75,789,076	100,914,677	98,639,320	79,213,489	70,299,861	63,031,404	57,582,545	52,566,970	44,541,952	45,730,535	41,229,585	42,777,992	35,593,211
Bank overdraft	15,222,591	13,876,026	15,496,559	11,156,682	14,195,313	13,405,324	13,437,552	11,318,770	8,715,121	3,632,694	5,257,614	7,559,464	7,800,057	5,802,678
Bank loan	371,143	143,107	2,057,192	18,584,528	0	0	0	0	0	0	0	0	0	0
Trade Creditors	11,174,853	13,573,323	13,268,484	9,728,512	9,478,614	11,067,692	8,050,229	7,481,040	8,383,097	8,130,314	8,857,568	7,654,015	10,498,868	8,536,632
Group/Directors Accounts	0	0	1,238	0	0	0	0	0	0	508,615	870,481	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	28,053	20,641	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	6,505,019	7,592,162	4,847,892	3,397,563	3,226,062	3,163,110	2,701,253	2,745,903	2,081,271	1,519,081	2,434,639	1,451,461	3,224,816	3,150,991
total current liabilities	33,301,659	35,205,259	35,671,365	42,867,285	26,899,989	27,636,126	24,189,034	21,545,713	19,179,489	13,790,704	17,420,302	16,664,940	21,523,741	17,490,301
loans	5,336,619	6,941,672	1,295,805	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	100,730	122,824	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	2,475,330	1,527,902	1,473,481	1,510,542	1,334,085	31,401	54,266	66,620	83,790	30,375	25,388	19,465	125,682	138,628
total long term liabilities	7,912,679	8,592,398	2,769,286	1,510,542	1,334,085	31,401	54,266	66,620	83,790	30,375	25,388	19,465	125,682	138,628
total liabilities	41,214,338	43,797,657	38,440,651	44,377,827	28,234,074	27,667,527	24,243,300	21,612,333	19,263,279	13,821,079	17,445,690	16,684,405	21,649,423	17,628,929
net assets	27,591,913	24,490,663	56,134,757	48,834,499	45,937,561	38,037,333	34,602,407	32,246,274	29,973,684	27,666,485	25,739,473	22,458,516	19,326,345	16,814,665
total shareholders funds	27,591,913	24,490,663	56,134,757	48,834,499	45,937,561	38,037,333	34,602,407	32,246,274	29,973,684	27,666,485	25,739,473	22,458,516	19,326,345	16,814,665

	Jun 2023	Sep 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	6,552,046	13,805,821	9,326,217	3,735,234	3,219,057	4,252,188	3,071,763	2,847,123	2,899,466	2,216,232	4,717,364	4,513,996	7,771,220	5,172,605
Depreciation	633,383	891,280	704,921	579,534	412,254	517,615	475,412	462,996	461,427	612,558	458,094	349,313	368,890	287,377
Amortisation	1,333	3,948	1,411	20,595	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500	2,500
Tax	-1,874,477	-2,745,425	-1,878,021	-887,181	-747,501	-846,499	-713,489	-618,103	-684,923	-711,389	-1,198,104	-1,082,603	-2,143,594	-1,496,866
Stock	1,827,353	4,877,963	-6,835,781	6,095,460	1,129,731	-1,099,729	2,254,467	-625,356	2,361,697	-203,195	-1,447,564	356,228	2,848,432	4,701,494
Debtors	-3,442,009	-33,885,164	13,368,945	5,606,938	-751,759	8,068,263	6,398,342	1,961,043	5,861,733	-1,371,660	7,485,785	-2,936,079	3,405,570	29,177,093
Creditors	-2,398,470	304,839	3,539,972	249,898	-1,589,078	3,017,463	569,189	-902,057	252,783	-727,254	1,203,553	-2,844,853	1,962,236	8,536,632
Accruals and Deferred Income	-1,087,143	2,744,270	1,450,329	171,501	62,952	461,857	-44,650	664,632	562,190	-915,558	983,178	-1,773,355	73,825	3,150,991
Deferred Taxes & Provisions	947,428	54,421	-37,061	176,457	1,302,684	-22,865	-12,354	-17,170	53,415	4,987	5,923	-106,217	-12,946	138,628
Cash flow from operations	4,388,756	44,066,355	6,574,604	-7,656,360	2,284,896	413,725	-5,304,438	1,104,234	-4,676,572	2,056,931	134,287	1,638,632	1,768,129	-18,086,720
Investing Activities
capital expenditure	0	0	0	0	0	-1,517,710	-776,499	135,654	-322,948	-636,068	-796,040	-324,088	-445,442	-250,827
Change in Investments	0	0	0	0	50	0	0	0	-195,090	195,040	50	0	0	0
cash flow from investments	0	0	0	0	-50	-1,517,710	-776,499	135,654	-127,858	-831,108	-796,090	-324,088	-445,442	-250,827
Financing Activities
Bank loans	228,036	-1,914,085	-16,527,336	18,584,528	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	-1,238	1,238	0	0	0	0	0	-508,615	-361,866	870,481	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-1,605,053	5,645,867	1,295,805	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-14,682	143,465	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	916,024	-7,000,000	0	0	5,481,017	0	40	2	0	0	0	-10,061	-15,640	17,843,463
interest	-313,200	712,957	871,497	433,985	394,508	438,541	459,578	437,499	458,265	481,227	220,405	-16,103	52,301	93,730
cash flow from financing	-788,875	-2,413,034	-14,358,796	19,018,513	5,875,525	438,541	459,618	437,501	-50,350	119,361	1,090,886	-26,164	36,661	17,937,193
cash and cash equivalents
cash	1,619,357	3,662,705	-4,056,881	6,484,675	1,740,895	-625,664	-3,506,204	3,853,568	-61,399	182,809	-1,878,464	1,028,876	854,545	153,772
overdraft	1,346,565	-1,620,533	4,339,877	-3,038,631	789,989	-32,228	2,118,782	2,603,649	5,082,427	-1,624,920	-2,301,850	-240,593	1,997,379	5,802,678
change in cash	272,792	5,283,238	-8,396,758	9,523,306	950,906	-593,436	-5,624,986	1,249,919	-5,143,826	1,807,729	423,386	1,269,469	-1,142,834	-5,648,906

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for the remet company limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mega companies, companies in E16 area or any other competitors across 12 key performance metrics.

THE REMET COMPANY LIMITED group structure

The Remet Company Limited has 5 subsidiary companies.

Ultimate parent company

THE REMET COMPANY LIMITED

03302783

5 subsidiaries

ALCUMET TRADING LIMITED

09485768

GLEVUM MANCO LIMITED

04141324

REMET FERROUS COMPANY LTD

10971584

AVON METALS LIMITED

04135396

REMET (BARNET) LIMITED

03937252

THE REMET COMPANY LIMITED Shareholders

the remet group limited

100%

The Remet Company Limited currently has 5 directors. The longest serving directors include Mr Shraga Cohen (Feb 1997) and Mr Walter Reid (Feb 1997).

officer	country	age	start	end	role
Mr Shraga Cohen		77 years	Feb 1997	-	Director
Mr Walter Reid		69 years	Feb 1997	-	Director
Mr Philip Brewer	England	57 years	Jul 2009	-	Director
Mr Philip Reid	United Kingdom	34 years	May 2020	-	Director
Mr Marc Reid	United Kingdom	33 years	Nov 2023	-	Director

P&L

June 2023

turnover

177.3m

-43%

operating profit

6.6m

-53%

gross margin

8.6%

+0.29%

turnover

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

Balance Sheet

June 2023

net assets

27.6m

+0.13%

total assets

77.5m

+0.02%

cash

9.5m

+0.21%

net assets

Total assets minus all liabilities

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company number

03302783

Type

Private limited with Share Capital

industry

46770 - Wholesale of waste and scrap

incorporation date

January 1997

ultimate parent company

None

previous names

mb84 limited (March 1997)

address

remet works, 9a cody business centre, london, E16 4TL

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 3 charges/mortgages relating to the remet company limited. Currently there are 3 open charges and 0 have been satisfied in the past.

the remet company limited Company Information

the remet company limited Estimated Valuation

the remet company limited Estimated Valuation

the remet company limited Estimated Valuation

The Remet Company Limited Overview

The Remet Company Limited Health Check

THE REMET COMPANY LIMITED financials

the remet company limited Credit Report and Business Information

The Remet Company Limited Competitor Analysis

the remet company limited Ownership

the remet company limited directors

the remet company limited company details

the remet company limited Charges & Mortgages

the remet company limited Companies House Filings - See Documents