Rubitex Limited

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rubitex limited Company Information

Live

MatureSmallHealthy

Company Number

03608181

Next Accounts

Jun 2025

Industry

Wholesale of textiles

Directors

Ruben Smith

Aviva Smith

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Shareholders

ruben smith

aviva smith

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Group Structure

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Contact

Registered Address

1st floor cloister house, riverside, new bailey street, manchester, M3 5FS

Website

www.rubitex.co.uk

rubitex limited Estimated Valuation

£650k

Pomanda estimates the enterprise value of RUBITEX LIMITED at £650k based on a Turnover of £2.2m and 0.29x industry multiple (adjusted for size and gross margin).

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Rubitex Limited is a live company located in manchester, M3 5FS with a Companies House number of 03608181. It operates in the wholesale of textiles sector, SIC Code 46410. Founded in July 1998, it's largest shareholder is ruben smith with a 50% stake. Rubitex Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.2m with healthy growth in recent years.

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Pomanda's financial health check has awarded Rubitex Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

4 Regular

6 Weak

Size

annual sales of £2.2m, make it smaller than the average company (£15m)

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (5.3%)

EXPORT

Rubitex Limited's latest turnover from September 2023 is estimated at £2.2 million and the company has net assets of £337 thousand. According to their latest financial statements, Rubitex Limited has 12 employees and maintains cash reserves of £43.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	2,233,626	2,016,620	1,650,728	1,753,600	1,665,932	2,178,851	1,627,961	1,833,230	3,144,412	3,240,551	3,369,900	3,799,983	4,292,250	2,265,904	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,574,614	1,458,774	1,204,164	1,275,898	1,248,566	1,630,868	1,216,058	1,373,927	2,336,822	2,436,577	2,519,111	2,879,613	3,265,790	1,691,228	0
Gross Profit	659,012	557,846	446,564	477,702	417,365	547,983	411,903	459,303	807,590	803,974	850,789	920,370	1,026,459	574,675	0
Admin Expenses	570,256	480,650	426,905	368,337	462,385	560,402	424,120	439,846	784,569	740,788	799,052	840,495	950,459	537,821	-50,929
Operating Profit	88,756	77,196	19,659	109,365	-45,020	-12,419	-12,217	19,457	23,021	63,186	51,737	79,875	76,000	36,854	50,929
Interest Payable	22,554	15,443	6,456	10,927	22,654	24,737	26,935	16,373	0	0	0	0	9,171	9,171	0
Interest Receivable	1,534	1,687	191	123	5	9	178	184	44	154	125	38	80	44	0
Pre-Tax Profit	67,736	63,440	13,394	98,560	-67,669	-37,147	-38,974	3,269	23,065	63,339	51,862	79,913	66,909	27,726	50,929
Tax	-16,934	-12,054	-2,545	-18,726	0	0	0	-654	-4,613	-13,301	-11,928	-19,179	-17,396	-7,763	-14,260
Profit After Tax	50,802	51,386	10,849	79,834	-67,669	-37,147	-38,974	2,615	18,452	50,038	39,934	60,734	49,513	19,963	36,669
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	50,802	51,386	10,849	79,834	-67,669	-37,147	-38,974	2,615	18,452	50,038	39,934	60,734	49,513	19,963	36,669
Employee Costs	526,280	503,855	365,811	367,919	363,790	420,384	343,275	317,253	331,248	307,933	348,611	385,826	495,472	279,446	0
Number Of Employees	12	12	10	10	10	12	10	9	10	10	11	12	16	10	0
EBITDA*	96,805	89,420	28,252	118,317	-36,790	-5,300	-7,787	26,792	32,617	73,054	58,001	87,719	82,868	41,186	56,141

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	20,463	28,237	17,853	20,734	22,791	21,388	12,459	16,888	23,974	24,970	15,839	20,236	18,839	12,131	13,623
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	20,463	28,237	17,853	20,734	22,791	21,388	12,459	16,888	23,974	24,970	15,839	20,236	18,839	12,131	13,623
Stock & work in progress	160,349	224,638	83,747	72,731	103,410	169,438	112,323	225,034	282,683	279,796	307,263	365,478	325,773	259,020	246,229
Trade Debtors	478,066	432,820	417,194	356,184	361,337	547,378	423,056	482,506	593,187	644,611	602,713	713,237	783,985	553,404	474,260
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	156,597	153,128	90,856	75,358	201,506	97,017	200,349	88,697	0	0	0	0	0	0	0
Cash	43,930	14,508	135,425	245,637	144	1,176	1,108	141,270	6,031	11,649	49,821	278	14,839	17,344	162
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	838,942	825,094	727,222	749,910	666,397	815,009	736,836	937,507	881,901	936,056	959,797	1,078,993	1,124,597	829,768	720,651
total assets	859,405	853,331	745,075	770,644	689,188	836,397	749,295	954,395	905,875	961,026	975,636	1,099,229	1,143,436	841,899	734,274
Bank overdraft	121,905	205,405	89,199	81,985	276,286	394,951	329,254	499,206	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	282,189	0
Trade Creditors	36,161	64,352	109,321	199,740	93,846	117,065	69,092	42,948	618,500	688,310	719,823	829,211	893,704	317,078	587,268
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	100,337
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	329,958	258,101	271,251	264,957	172,505	106,748	93,262	99,605	0	0	0	0	0	0	0
total current liabilities	488,024	527,858	469,771	546,682	542,637	618,764	491,608	641,759	618,500	688,310	719,823	829,211	893,704	599,267	687,605
loans	34,382	39,276	40,493	0	0	0	8,743	24,718	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	2,423	5,836	0	0	2,072	5,865	39,000	93,139	133,587	176,000	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	34,382	39,276	40,493	0	2,423	5,836	8,743	24,718	2,072	5,865	39,000	93,139	133,587	176,000	0
total liabilities	522,406	567,134	510,264	546,682	545,060	624,600	500,351	666,477	620,572	694,175	758,823	922,350	1,027,291	775,267	687,605
net assets	336,999	286,197	234,811	223,962	144,128	211,797	248,944	287,918	285,303	266,851	216,813	176,879	116,145	66,632	46,669
total shareholders funds	336,999	286,197	234,811	223,962	144,128	211,797	248,944	287,918	285,303	266,851	216,813	176,879	116,145	66,632	46,669

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	88,756	77,196	19,659	109,365	-45,020	-12,419	-12,217	19,457	23,021	63,186	51,737	79,875	76,000	36,854	50,929
Depreciation	8,049	12,224	8,593	8,952	8,230	7,119	4,430	7,335	9,596	9,868	6,264	7,844	6,868	4,332	5,212
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-16,934	-12,054	-2,545	-18,726	0	0	0	-654	-4,613	-13,301	-11,928	-19,179	-17,396	-7,763	-14,260
Stock	-64,289	140,891	11,016	-30,679	-66,028	57,115	-112,711	-57,649	2,887	-27,467	-58,215	39,705	66,753	12,791	246,229
Debtors	48,715	77,898	76,508	-131,301	-81,552	20,990	52,202	-21,984	-51,424	41,898	-110,524	-70,748	230,581	79,144	474,260
Creditors	-28,191	-44,969	-90,419	105,894	-23,219	47,973	26,144	-575,552	-69,810	-31,513	-109,388	-64,493	576,626	-270,190	587,268
Accruals and Deferred Income	71,857	-13,150	6,294	92,452	65,757	13,486	-6,343	99,605	0	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	139,111	-199,542	-145,942	459,917	153,328	-21,946	72,523	-370,176	6,731	13,809	105,424	35,090	344,764	-328,702	-91,340
Investing Activities
capital expenditure	-275	-22,608	-5,712	-6,895	-9,633	-16,048	-1	-249	-8,600	-18,999	-1,867	-9,241	-13,576	-2,840	-18,835
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-275	-22,608	-5,712	-6,895	-9,633	-16,048	-1	-249	-8,600	-18,999	-1,867	-9,241	-13,576	-2,840	-18,835
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	-282,189	282,189	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	-100,337	100,337
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-4,894	-1,217	40,493	0	0	-8,743	-15,975	24,718	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	-2,423	-3,413	5,836	0	-2,072	-3,793	-33,135	-54,139	-40,448	-42,413	176,000	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	10,000
interest	-21,020	-13,756	-6,265	-10,804	-22,649	-24,728	-26,757	-16,189	44	154	125	38	-9,091	-9,127	0
cash flow from financing	-25,914	-14,973	34,228	-13,227	-26,062	-27,635	-42,732	6,457	-3,749	-32,981	-54,014	-40,410	-333,693	348,725	110,337
cash and cash equivalents
cash	29,422	-120,917	-110,212	245,493	-1,032	68	-140,162	135,239	-5,618	-38,172	49,543	-14,561	-2,505	17,182	162
overdraft	-83,500	116,206	7,214	-194,301	-118,665	65,697	-169,952	499,206	0	0	0	0	0	0	0
change in cash	112,922	-237,123	-117,426	439,794	117,633	-65,629	29,790	-363,967	-5,618	-38,172	49,543	-14,561	-2,505	17,182	162

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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RUBITEX LIMITED group structure

Rubitex Limited has no subsidiary companies.

Ultimate parent company

RUBITEX LIMITED

03608181

RUBITEX LIMITED Shareholders

ruben smith	50%
aviva smith	40%
ariel smith	10%

Rubitex Limited currently has 4 directors. The longest serving directors include Mr Ruben Smith (Jul 1998) and Mrs Aviva Smith (Jul 1998).

officer	country	age	start	end	role
Mr Ruben Smith		61 years	Jul 1998	-	Director
Mrs Aviva Smith		54 years	Jul 1998	-	Director
Mr Ariel Smith		28 years	Apr 2022	-	Director
Mr Joel Smith	England	26 years	Apr 2022	-	Director

P&L

September 2023

turnover

2.2m

+11%

operating profit

88.8k

gross margin

29.6%

+6.66%

turnover

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

Balance Sheet

September 2023

net assets

337k

+0.18%

total assets

859.4k

+0.01%

cash

43.9k

+2.03%

net assets

Total assets minus all liabilities

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company number

03608181

Type

Private limited with Share Capital

industry

46410 - Wholesale of textiles

incorporation date

July 1998

ultimate parent company

None

previous names

N/A

address

1st floor cloister house, riverside, new bailey street, manchester, M3 5FS

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 rubitex limited. Currently there are 3 open charges and 0 have been satisfied in the past.

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rubitex limited Company Information

rubitex limited Estimated Valuation

rubitex limited Estimated Valuation

rubitex limited Estimated Valuation

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