Rem Systems Limited

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rem systems limited Company Information

Live

MatureSmallLow

Company Number

03426205

Website

www.remsystems.co.uk

Registered Address

units a1 & a2 salwarpe business, salwarpe road, droitwich spa, worcestershire, WR9 9BN

Industry

Agents involved in the sale of machinery, industrial equipment, ships and aircraft

Telephone

01452750581

Next Accounts Due

September 2025

Group Structure

View All

Directors

Ian Holbeche8 Years

Shareholders

holbeche trading limited 100%

rem systems limited Estimated Valuation

£1.3m

Pomanda estimates the enterprise value of REM SYSTEMS LIMITED at £1.3m based on Net Assets of £2.2m and 0.59x industry multiple (adjusted for liquidity).

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Rem Systems Limited is a live company located in droitwich spa, WR9 9BN with a Companies House number of 03426205. It operates in the agents involved in the sale of machinery, industrial equipment, ships and aircraft sector, SIC Code 46140. Founded in August 1997, it's largest shareholder is holbeche trading limited with a 100% stake. Rem Systems Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.6m with low growth in recent years.

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Pomanda's financial health check has awarded Rem Systems Limited a 4.5 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

Health Rating4.5out of 5

5 Strong

1 Regular

6 Weak

Size

annual sales of £4.6m, make it smaller than the average company (£17m)

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (6.6%)

EXPORT

Rem Systems Limited's latest turnover from December 2023 is estimated at £4.6 million and the company has net assets of £2.2 million. According to their latest financial statements, Rem Systems Limited has 4 employees and maintains cash reserves of £237.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Oct 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	4,552,562	5,689,505	5,505,745	4,437,859	4,811,191	5,597,797	3,778,001	3,077,307	2,572,935	1,368,674	1,247,008	852,754	750,353	587,051	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,913,336	4,896,634	4,739,051	3,840,282	4,118,591	4,794,403	3,221,936	2,577,383	2,205,083	1,171,233	1,064,222	733,770	642,907	499,118	0
Gross Profit	639,226	792,871	766,693	597,576	692,599	803,394	556,065	499,924	367,852	197,441	182,787	118,984	107,446	87,933	0
Admin Expenses	593,196	892,919	650,180	384,720	425,442	492,787	233,794	127,595	-23,244	55,658	-41,658	-20,905	130,423	71,446	-404,704
Operating Profit	46,030	-100,048	116,513	212,856	267,157	310,607	322,271	372,329	391,096	141,783	224,445	139,889	-22,977	16,487	404,704
Interest Payable	0	0	193	188	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	9,985	4,943	752	464	2,771	1,939	1,115	1,063	3,256	3,266	2,523	1,644	1,327	1,061	441
Pre-Tax Profit	56,015	-95,105	117,072	213,132	269,928	312,546	323,386	373,393	394,353	145,049	226,968	141,533	-21,650	17,547	405,144
Tax	-14,004	0	-22,244	-40,495	-51,286	-59,384	-61,443	-74,678	-78,870	-30,460	-52,203	-33,968	0	-4,913	-113,440
Profit After Tax	42,011	-95,105	94,828	172,637	218,642	253,162	261,943	298,714	315,482	114,589	174,765	107,565	-21,650	12,634	291,704
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	42,011	-95,105	94,828	172,637	218,642	253,162	261,943	298,714	315,482	114,589	174,765	107,565	-21,650	12,634	291,704
Employee Costs	196,821	242,662	186,337	182,320	225,385	186,367	133,846	175,564	237,459	147,905	112,396	73,643	75,129	71,672	0
Number Of Employees	4	5	4	4	5	4	3	4	6	4	3	2	2	2	0
EBITDA*	58,751	-86,226	121,658	215,460	270,358	313,794	325,255	373,854	392,240	143,942	227,105	142,690	-18,018	21,959	410,054

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Oct 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	34,739	44,615	51,270	9,552	10,771	10,820	10,320	7,838	5,032	8,190	9,882	10,961	11,642	49,822	53,164
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	34,739	44,615	51,270	9,552	10,771	10,820	10,320	7,838	5,032	8,190	9,882	10,961	11,642	49,822	53,164
Stock & work in progress	107,415	52,463	100,226	80,642	83,496	68,510	169,223	66,401	66,989	72,764	73,773	79,046	70,030	61,712	77,633
Trade Debtors	2,379,871	2,874,637	2,785,939	2,191,747	2,283,377	2,627,351	1,925,775	1,587,466	864,054	392,203	337,036	229,679	213,593	163,860	194,781
Group Debtors	0	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	0
Cash	237,860	161,542	120,894	480,366	447,997	290,976	226,020	220,018	630,499	671,973	634,473	374,590	282,997	247,975	176,234
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,725,146	3,088,642	3,007,059	2,752,755	2,814,870	2,986,837	2,321,018	1,873,885	1,561,542	1,136,940	1,045,282	683,315	566,620	473,547	448,648
total assets	2,759,885	3,133,257	3,058,329	2,762,307	2,825,641	2,997,657	2,331,338	1,881,723	1,566,574	1,145,130	1,055,164	694,276	578,262	523,369	501,812
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	491,909	897,426	716,264	514,236	796,178	1,186,500	773,831	586,609	571,483	465,521	490,144	304,021	285,642	219,029	210,106
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	9,930	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	491,909	897,426	716,264	514,236	796,178	1,186,500	773,831	586,609	571,483	465,521	490,144	304,021	295,572	219,029	210,106
loans	0	0	0	6,160	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	17,367	27,442	37,271	39,907	0	0	0	0	0	0	0	0	0	0	0
provisions	8,686	8,477	9,777	1,815	1,911	2,247	1,759	1,309	0	0	0	0	0	0	0
total long term liabilities	26,053	35,919	47,048	47,882	1,911	2,247	1,759	1,309	0	0	0	0	0	0	0
total liabilities	517,962	933,345	763,312	562,118	798,089	1,188,747	775,590	587,918	571,483	465,521	490,144	304,021	295,572	219,029	210,106
net assets	2,241,923	2,199,912	2,295,017	2,200,189	2,027,552	1,808,910	1,555,748	1,293,805	995,091	679,609	565,020	390,255	282,690	304,340	291,706
total shareholders funds	2,241,923	2,199,912	2,295,017	2,200,189	2,027,552	1,808,910	1,555,748	1,293,805	995,091	679,609	565,020	390,255	282,690	304,340	291,706

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Oct 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	46,030	-100,048	116,513	212,856	267,157	310,607	322,271	372,329	391,096	141,783	224,445	139,889	-22,977	16,487	404,704
Depreciation	12,721	13,822	5,145	2,604	3,201	3,187	2,984	1,525	1,144	2,159	2,660	2,801	4,959	5,472	5,350
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-14,004	0	-22,244	-40,495	-51,286	-59,384	-61,443	-74,678	-78,870	-30,460	-52,203	-33,968	0	-4,913	-113,440
Stock	54,952	-47,763	19,584	-2,854	14,986	-100,713	102,822	-588	-5,775	-1,009	-5,273	9,016	8,318	-15,921	77,633
Debtors	-494,766	88,698	594,192	-91,630	-343,974	701,576	338,309	723,412	471,851	55,167	107,357	16,086	49,733	-30,921	194,781
Creditors	-405,517	181,162	202,028	-281,942	-390,322	412,669	187,222	15,126	105,962	-24,623	186,123	18,379	66,613	8,923	210,106
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	209	-1,300	7,962	-96	-336	488	450	1,309	0	0	0	0	0	0	0
Cash flow from operations	79,253	52,701	-304,372	-12,589	157,402	66,704	10,353	-407,213	-46,744	34,701	258,941	101,999	-9,456	72,811	234,306
Investing Activities
capital expenditure	-2,845	-7,167	-46,863	-1,385	-3,152	-3,687	-5,466	-4,331	2,014	-467	-1,581	-2,120	33,221	-2,130	-58,514
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-2,845	-7,167	-46,863	-1,385	-3,152	-3,687	-5,466	-4,331	2,014	-467	-1,581	-2,120	33,221	-2,130	-58,514
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	-9,930	9,930	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	-6,160	6,160	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	-10,075	-9,829	-2,636	39,907	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2
interest	9,985	4,943	559	276	2,771	1,939	1,115	1,063	3,256	3,266	2,523	1,644	1,327	1,061	441
cash flow from financing	-90	-4,886	-8,237	46,343	2,771	1,939	1,115	1,063	3,256	3,266	2,523	-8,286	11,257	1,061	443
cash and cash equivalents
cash	76,318	40,648	-359,472	32,369	157,021	64,956	6,002	-410,481	-41,474	37,500	259,883	91,593	35,022	71,741	176,234
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	76,318	40,648	-359,472	32,369	157,021	64,956	6,002	-410,481	-41,474	37,500	259,883	91,593	35,022	71,741	176,234

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 rem systems limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in WR9 area or any other competitors across 12 key performance metrics.

REM SYSTEMS LIMITED group structure

Rem Systems Limited has no subsidiary companies.

Ultimate parent company

HOLBECHE TRADING LIMITED

07640004

1 parent

REM SYSTEMS LIMITED

03426205

REM SYSTEMS LIMITED Shareholders

holbeche trading limited

100%

Rem Systems Limited currently has 1 director, Mr Ian Holbeche serving since Oct 2015.

officer	country	age	start	end	role
Mr Ian Holbeche		63 years	Oct 2015	-	Director

P&L

December 2023

turnover

4.6m

-20%

operating profit

46k

gross margin

14.1%

+0.76%

turnover

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

Balance Sheet

December 2023

net assets

2.2m

+0.02%

total assets

2.8m

-0.12%

cash

237.9k

+0.47%

net assets

Total assets minus all liabilities

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company number

03426205

Type

Private limited with Share Capital

industry

46140 - Agents involved in the sale of machinery, industrial equipment, ships and aircraft

incorporation date

August 1997

accounts

Unaudited Abridged

ultimate parent company

HOLBECHE TRADING LIMITED

previous names

N/A

last accounts submitted

December 2023

address

units a1 & a2 salwarpe business, salwarpe road, droitwich spa, worcestershire, WR9 9BN

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 rem systems limited. Currently there are 1 open charges and 2 have been satisfied in the past.

rem systems limited Company Information

rem systems limited Estimated Valuation

rem systems limited Estimated Valuation

rem systems limited Estimated Valuation

Rem Systems Limited Overview

Rem Systems Limited Health Check

REM SYSTEMS LIMITED financials

rem systems limited Credit Report and Business Information

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rem systems limited Ownership

rem systems limited directors

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rem systems limited Companies House Filings - See Documents