Rethink Professional Solutions Ltd

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rethink professional solutions ltd Company Information

Company Number

03307999

Next Accounts

Jun 2025

Directors

Daniel Prince

Andrew Hall

Shareholders

a-plan holdings

ashley james prickett

Group Structure

View All

Industry

Activities of insurance agents and brokers

Registered Address

one creechurch place, london, EC3A 5AF

Website

www.cottersproperty.co.uk

rethink professional solutions ltd Estimated Valuation

£16.4m

Pomanda estimates the enterprise value of RETHINK PROFESSIONAL SOLUTIONS LTD at £16.4m based on Net Assets of £8.7m and 1.9x industry multiple (adjusted for liquidity).

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Rethink Professional Solutions Ltd is a live company located in london, EC3A 5AF with a Companies House number of 03307999. It operates in the activities of insurance agents and brokers sector, SIC Code 66220. Founded in January 1997, it's largest shareholder is a-plan holdings with a 93% stake. Rethink Professional Solutions Ltd is a mature, micro sized company, Pomanda has estimated its turnover at £50.4k with declining growth in recent years.

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Pomanda's financial health check has awarded Rethink Professional Solutions Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

2 Strong

1 Regular

4 Weak

Size

annual sales of £50.4k, make it smaller than the average company (£2.9m)

Growth

3 year (CAGR) sales growth of -71%, show it is growing at a slower rate (5.9%)

EXPORT

Rethink Professional Solutions Ltd's latest turnover from September 2023 is £50.4 thousand and the company has net assets of £8.7 million. According to their latest financial statements, we estimate that Rethink Professional Solutions Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Feb 2021	Feb 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	50,389	2,084,254	2,396,654	2,402,927	2,155,151	2,164,298	1,959,004	1,697,934	1,673,983	484,809	421,636	531,385	456,545	298,406	387,365
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	11,240	781,747	977,648	985,890	902,011	909,693	893,820	802,102	728,417	230,207	223,986	312,821	263,588	166,267	202,009
Gross Profit	39,149	1,302,507	1,419,006	1,417,037	1,253,140	1,254,605	1,065,184	895,832	945,566	254,602	197,651	218,564	192,958	132,138	185,355
Admin Expenses	1,098	657,552	379,836	758,591	802,176	1,241,416	1,058,965	895,206	946,579	318,072	117,676	217,974	180,455	126,248	82,027
Operating Profit	38,051	644,955	1,039,170	658,446	450,964	13,189	6,219	626	-1,013	-63,470	79,975	590	12,503	5,890	103,328
Interest Payable	0	21	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	60	426	348	660	1,845	1,289	1,000	392	803	1,436	1,287	648	1,010	1,320	575
Pre-Tax Profit	38,111	7,163,646	1,039,517	659,106	452,809	14,478	7,220	1,019	-210	-62,034	81,262	1,238	13,514	7,210	103,903
Tax	-8,383	-5,199	-197,508	-125,230	-86,034	-2,751	-1,372	-204	0	0	-18,690	-297	-3,514	-2,019	-29,093
Profit After Tax	29,728	7,158,447	842,009	533,876	366,775	11,727	5,848	815	-210	-62,034	62,572	941	10,000	5,191	74,810
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	29,728	7,158,447	842,009	533,876	366,775	11,727	5,848	815	-210	-62,034	62,572	941	10,000	5,191	74,810
Employee Costs	0	0	1,620,568	1,602,571	1,591,334	1,536,010	1,476,727	1,300,643	1,275,162	167,716	160,528	197,733	156,915	110,732	158,923
Number Of Employees	1	32	33	32	34	35	34	30	30	4	4	5	4	3	4
EBITDA*	38,051	658,110	1,049,221	676,940	477,587	53,015	48,095	33,779	20,542	-44,879	95,064	12,659	24,761	20,344	113,678

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Feb 2021	Feb 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	0	179	40,541	45,445	52,260	90,581	117,254	137,290	69,021	82,557	73,861	72,765	59,005	63,141	65,772
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	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	0
Total Fixed Assets	0	179	40,541	45,445	52,260	90,581	117,254	137,290	69,021	82,557	73,861	72,765	59,005	63,141	65,772
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	0	0	0	0	0	0	0	0	0	257,215	261,191	330,196	296,479	203,109	275,934
Group Debtors	8,664,529	7,893,822	1,100,000	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	65,587	219,972	293,074	208,691	312,721	297,941	328,287	380,447	0	0	0	0	0	0
Cash	0	796,039	352,723	977,245	342,632	149,251	194,395	205,791	108,196	212,940	361,513	153,280	106,000	298,059	230,009
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	8,664,529	8,755,448	1,672,695	1,270,319	551,323	461,972	492,336	534,078	488,643	470,155	622,704	483,476	402,479	501,168	505,943
total assets	8,664,529	8,755,627	1,713,236	1,315,764	603,583	552,553	609,590	671,368	557,664	552,712	696,565	556,241	461,484	564,309	571,715
Bank overdraft	0	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	0
Trade Creditors	0	0	0	0	1,813	1	2	2	11,094	461,128	542,947	465,195	371,379	484,204	496,801
Group/Directors Accounts	0	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	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	10,934	131,760	253,684	164,345	125,231	442,788	511,551	579,177	455,196	0	0	0	0	0	0
total current liabilities	10,934	131,760	253,684	164,345	127,044	442,789	511,553	579,179	466,290	461,128	542,947	465,195	371,379	484,204	496,801
loans	0	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	0
Accruals and Deferred Income	0	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	0
provisions	0	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	0
total liabilities	10,934	131,760	253,684	164,345	127,044	442,789	511,553	579,179	466,290	461,128	542,947	465,195	371,379	484,204	496,801
net assets	8,653,595	8,623,867	1,459,552	1,151,419	476,539	109,764	98,037	92,189	91,374	91,584	153,618	91,046	90,105	80,105	74,914
total shareholders funds	8,653,595	8,623,867	1,459,552	1,151,419	476,539	109,764	98,037	92,189	91,374	91,584	153,618	91,046	90,105	80,105	74,914

	Sep 2023	Sep 2022	Sep 2021	Feb 2021	Feb 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	38,051	644,955	1,039,170	658,446	450,964	13,189	6,219	626	-1,013	-63,470	79,975	590	12,503	5,890	103,328
Depreciation	0	13,155	10,051	18,494	26,623	39,826	41,876	33,153	21,555	18,591	15,089	12,069	12,258	14,454	10,350
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-8,383	-5,199	-197,508	-125,230	-86,034	-2,751	-1,372	-204	0	0	-18,690	-297	-3,514	-2,019	-29,093
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	705,120	6,639,437	1,111,281	84,383	-104,030	14,780	-30,346	-52,160	123,232	-3,976	-69,005	33,717	93,370	-72,825	275,934
Creditors	0	0	-1,813	-1,813	1,812	-1	0	-11,092	-450,034	-81,819	77,752	93,816	-112,825	-12,597	496,801
Accruals and Deferred Income	-120,826	-121,924	128,453	39,114	-317,557	-68,763	-67,626	123,981	455,196	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-796,278	-6,108,450	-132,928	504,628	179,838	-33,280	9,443	198,624	-97,528	-122,722	223,131	72,461	-184,948	78,553	305,452
Investing Activities
capital expenditure	179	27,207	1,668	-11,679	11,698	-13,153	-21,840	-101,422	-8,019	-27,287	-16,185	-25,829	-8,122	-11,823	-76,122
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	179	27,207	1,668	-11,679	11,698	-13,153	-21,840	-101,422	-8,019	-27,287	-16,185	-25,829	-8,122	-11,823	-76,122
Financing Activities
Bank loans	0	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	0
Other Short Term Loans	0	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	0
Hire Purchase and Lease Commitments	0	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	0
share issue	0	5,868	141,004	141,004	0	0	0	0	0	0	0	0	0	0	104
interest	60	405	348	660	1,845	1,289	1,000	392	803	1,436	1,287	648	1,010	1,320	575
cash flow from financing	60	6,273	141,352	141,664	1,845	1,289	1,000	392	803	1,436	1,287	648	1,010	1,320	679
cash and cash equivalents
cash	-796,039	443,316	10,091	634,613	193,381	-45,144	-11,396	97,595	-104,744	-148,573	208,233	47,280	-192,059	68,050	230,009
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-796,039	443,316	10,091	634,613	193,381	-45,144	-11,396	97,595	-104,744	-148,573	208,233	47,280	-192,059	68,050	230,009

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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RETHINK PROFESSIONAL SOLUTIONS LTD group structure

Rethink Professional Solutions Ltd has no subsidiary companies.

Ultimate parent company

HOWDEN GROUP HOLDINGS LIMITED

02937398

A-PLAN HOLDINGS

00750484

2 parents

RETHINK PROFESSIONAL SOLUTIONS LTD

03307999

RETHINK PROFESSIONAL SOLUTIONS LTD Shareholders

a-plan holdings	93.02%
ashley james prickett	6.98%

Rethink Professional Solutions Ltd currently has 2 directors. The longest serving directors include Mr Daniel Prince (Sep 2023) and Mr Andrew Hall (Oct 2023).

officer	country	age	start	end	role
Mr Daniel Prince	United Kingdom	43 years	Sep 2023	-	Director
Mr Andrew Hall	United Kingdom	45 years	Oct 2023	-	Director

P&L

September 2023

turnover

50.4k

-98%

operating profit

38.1k

-94%

gross margin

77.7%

turnover

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

Balance Sheet

September 2023

net assets

8.7m

total assets

8.7m

-0.01%

cash

-1%

net assets

Total assets minus all liabilities

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company number

03307999

Type

Private limited with Share Capital

industry

66220 - Activities of insurance agents and brokers

incorporation date

January 1997

ultimate parent company

HOWDEN GROUP HOLDINGS LIMITED

previous names

cotters insurance services limited (May 2023)

address

one creechurch place, london, EC3A 5AF

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 rethink professional solutions ltd. Currently there are 0 open charges and 3 have been satisfied in the past.

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.

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rethink professional solutions ltd Company Information

rethink professional solutions ltd Estimated Valuation

rethink professional solutions ltd Estimated Valuation

rethink professional solutions ltd Estimated Valuation

Rethink Professional Solutions Ltd Overview

Rethink Professional Solutions Ltd Health Check

RETHINK PROFESSIONAL SOLUTIONS LTD financials

rethink professional solutions ltd Credit Report and Business Information

Rethink Professional Solutions Ltd Competitor Analysis

rethink professional solutions ltd Ownership

rethink professional solutions ltd directors

rethink professional solutions ltd company details

rethink professional solutions ltd Charges & Mortgages

rethink professional solutions ltd Capital Raised & Share Issues BETA

rethink professional solutions ltd Companies House Filings - See Documents