Pomanda estimates the enterprise value of RIMES TECHNOLOGIES LIMITED at £44.6m based on a Turnover of £34.3m and 1.3x industry multiple (adjusted for size and gross margin).
rimes technologies limitedEstimated Valuation
£71.6m
Pomanda estimates the enterprise value of RIMES TECHNOLOGIES LIMITED at £71.6m based on an EBITDA of £8.6m and a 8.37x industry multiple (adjusted for size and gross margin).
rimes technologies limitedEstimated Valuation
£173.4m
Pomanda estimates the enterprise value of RIMES TECHNOLOGIES LIMITED at £173.4m based on Net Assets of £79.9m and 2.17x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Rimes Technologies LimitedOverview
Rimes Technologies Limited is a live company located in london, EC3N 4AT with a Companies House number of 03855448. It operates in the other information technology service activities sector, SIC Code 62090. Founded in October 1999, it's largest shareholder is
rimes technologies corp inc.
with a 100% stake. Rimes Technologies Limited is a mature,
large sized company, Pomanda has estimated its turnover at
£34.3m with
high
growth in recent years.
Pomanda's financial health check has awarded Rimes Technologies Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
6 Strong
1 Regular
4 Weak
Size
annual sales of £34.3m, make it larger than the average company (£7.4m)
£34.3m - Rimes Technologies Limited
£7.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (8%)
17% - Rimes Technologies Limited
8% - Industry AVG
Production
with a gross margin of 51.4%, this company has a comparable cost of product (51.4%)
51.4% - Rimes Technologies Limited
51.4% - Industry AVG
Profitability
an operating margin of 23.5% make it more profitable than the average company (3.5%)
23.5% - Rimes Technologies Limited
3.5% - Industry AVG
Employees
with 91 employees, this is above the industry average (44)
91 - Rimes Technologies Limited
44 - Industry AVG
Pay Structure
on an average salary of £145.9k, the company has a higher pay structure (£74.4k)
£145.9k - Rimes Technologies Limited
£74.4k - Industry AVG
Efficiency
resulting in sales per employee of £376.7k, this is more efficient (£178.8k)
£376.7k - Rimes Technologies Limited
£178.8k - Industry AVG
Debtor Days
it gets paid by customers after 139 days, this is later than average (52 days)
139 days - Rimes Technologies Limited
52 days - Industry AVG
Creditor Days
its suppliers are paid after 5 days, this is quicker than average (33 days)
5 days - Rimes Technologies Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Rimes Technologies Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 6 weeks, this is less cash available to meet short term requirements (14 weeks)
6 weeks - Rimes Technologies Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 15.9%, this is a lower level of debt than the average (64.1%)
15.9% - Rimes Technologies Limited
64.1% - Industry AVG
RIMES TECHNOLOGIES LIMITED financials
EXPORT
Rimes Technologies Limited's latest turnover from December 2023 is £34.3 million and the company has net assets of £79.9 million. According to their latest financial statements, Rimes Technologies Limited has 91 employees and maintains cash reserves of £811.4 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
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Turnover
34,281,344
23,711,412
22,089,593
21,669,892
29,620,942
26,490,916
24,044,607
21,684,706
18,250,247
15,509,298
16,072,026
13,488,333
11,950,231
8,929,072
6,806,484
Other Income Or Grants
Cost Of Sales
16,671,864
11,254,636
10,449,010
10,368,325
14,213,705
12,483,117
11,329,352
10,125,780
8,595,794
7,313,074
7,560,719
6,440,400
5,710,095
1,304,717
483,869
Gross Profit
17,609,480
12,456,776
11,640,583
11,301,568
15,407,237
14,007,799
12,715,255
11,558,926
9,654,453
8,196,224
8,511,307
7,047,933
6,240,136
7,624,355
6,322,615
Admin Expenses
9,568,216
8,260,486
9,576,749
5,201,753
7,870,065
7,534,615
8,243,799
6,803,505
5,574,752
5,643,201
6,349,498
4,796,805
4,512,138
5,816,787
4,964,908
Operating Profit
8,041,264
4,196,290
2,063,834
6,099,815
7,537,172
6,473,184
4,471,456
4,755,421
4,079,701
2,553,023
2,161,809
2,251,128
1,727,998
1,807,568
1,357,707
Interest Payable
582,240
561,726
2,073
3,996
3,494
2,331
157
100
3,231
1,006
3,469
Interest Receivable
360
2,539
3,557
10,641
24,612
3,765
26,321
21,192
13,547
14,562
6,142
6,124
Pre-Tax Profit
34,651,492
3,634,564
2,063,834
6,100,175
7,537,638
6,472,745
4,478,603
4,777,702
4,083,309
2,579,344
2,183,001
2,264,575
1,739,329
1,812,704
1,360,362
Tax
-2,093,025
-835,283
-288,795
-194,063
-879,784
-856,040
-526,222
-646,748
-360,543
-502,235
-303,127
-271,560
-214,648
-260,101
-152,233
Profit After Tax
32,558,467
2,799,281
1,775,039
5,906,112
6,657,854
5,616,705
3,952,381
4,130,954
3,722,766
2,077,109
1,879,874
1,993,015
1,524,681
1,552,603
1,208,129
Dividends Paid
7,157,138
2,853,177
14,946,054
641,910
Retained Profit
32,558,467
2,799,281
1,775,039
-1,251,026
3,804,677
-9,329,349
3,952,381
4,130,954
3,080,856
2,077,109
1,879,874
1,993,015
1,524,681
1,552,603
1,208,129
Employee Costs
13,272,861
13,292,801
12,734,861
11,190,863
14,408,640
13,101,278
11,990,514
9,760,188
8,485,133
8,471,215
7,363,333
6,130,181
6,443,950
4,549,784
3,557,954
Number Of Employees
91
83
76
78
163
146
133
127
112
114
107
88
82
60
48
EBITDA*
8,553,393
4,595,086
2,531,219
6,599,966
9,467,657
8,160,521
6,231,059
6,313,008
5,417,008
3,961,653
3,447,342
3,104,794
2,356,298
2,148,204
1,470,617
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Tangible Assets
936,468
817,127
481,550
706,267
924,082
810,029
670,301
573,291
435,068
291,133
315,614
231,546
215,837
347,201
399,008
Intangible Assets
23,663,549
13,509
3,226,470
2,950,098
2,445,567
2,620,265
2,275,411
2,602,721
2,845,199
2,615,231
2,088,270
1,348,341
584,396
Investments & Other
53,769,504
56,981,761
50,607,526
2,583,524
Debtors (Due After 1 year)
Total Fixed Assets
78,369,521
57,812,397
51,089,076
3,289,791
4,150,552
3,760,127
3,115,868
3,193,556
2,710,479
2,893,854
3,160,813
2,846,777
2,304,107
1,695,542
983,404
Stock & work in progress
Trade Debtors
13,097,818
4,504,638
4,195,633
92,683
765,618
7,613,034
4,038,307
3,268,849
2,451,537
2,523,766
1,664,099
Group Debtors
1,612,606
2,803,770
812,675
1,968,084
7,406,834
9,605,425
9,086,737
7,797,305
4,442,325
181,457
7,958,000
6,715,686
6,361,538
3,306,593
1,476,043
Misc Debtors
1,166,502
783,238
507,145
781,195
1,324,309
1,480,389
1,587,131
1,345,056
1,186,211
1,026,534
1,208,847
969,505
1,033,490
240,214
222,750
Cash
811,402
3,636,570
1,040,859
4,672,057
7,802,496
2,527,269
11,793,155
10,831,573
6,488,993
7,163,737
5,153,367
4,202,117
2,542,414
3,286,883
2,844,833
misc current assets
457,134
306,100
total current assets
16,688,328
11,728,216
6,556,312
7,421,336
16,533,639
13,613,083
22,467,023
20,066,617
12,883,147
15,984,762
18,358,521
15,156,157
12,388,979
9,814,590
6,513,825
total assets
95,057,849
69,540,613
57,645,388
10,711,127
20,684,191
17,373,210
25,582,891
23,260,173
15,593,626
18,878,616
21,519,334
18,002,934
14,693,086
11,510,132
7,497,229
Bank overdraft
Bank loan
Trade Creditors
244,332
170,383
133,307
194,939
355,999
364,502
367,203
353,133
193,028
167,756
380,067
636,055
383,781
191,171
220,330
Group/Directors Accounts
851,971
606
36,832
38,694
176,725
109,943
300,965
607,516
418,723
4,105,962
354,309
725,078
1,061,934
other short term finances
hp & lease commitments
other current liabilities
5,149,498
8,474,116
3,521,363
2,982,116
4,649,116
4,453,866
3,805,785
3,332,006
2,849,435
5,141,396
12,709,697
10,745,239
9,212,824
8,660,943
6,060,255
total current liabilities
6,245,801
8,645,105
3,691,502
3,215,749
5,181,840
4,928,311
4,473,953
4,292,655
3,461,186
9,415,114
13,444,073
12,106,372
10,658,539
8,852,114
6,280,585
loans
8,865,516
9,316,757
hp & lease commitments
Accruals and Deferred Income
other liabilities
10,673,395
provisions
total long term liabilities
8,865,516
9,316,757
10,673,395
total liabilities
15,111,317
17,961,862
14,364,897
3,215,749
5,181,840
4,928,311
4,473,953
4,292,655
3,461,186
9,415,114
13,444,073
12,106,372
10,658,539
8,852,114
6,280,585
net assets
79,946,532
51,578,751
43,280,491
7,495,378
15,502,351
12,444,899
21,108,938
18,967,518
12,132,440
9,463,502
8,075,261
5,896,562
4,034,547
2,658,018
1,216,644
total shareholders funds
79,946,532
51,578,751
43,280,491
7,495,378
15,502,351
12,444,899
21,108,938
18,967,518
12,132,440
9,463,502
8,075,261
5,896,562
4,034,547
2,658,018
1,216,644
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Operating Activities
Operating Profit
8,041,264
4,196,290
2,063,834
6,099,815
7,537,172
6,473,184
4,471,456
4,755,421
4,079,701
2,553,023
2,161,809
2,251,128
1,727,998
1,807,568
1,357,707
Depreciation
512,129
398,796
467,385
500,151
460,317
392,425
386,935
287,267
201,108
171,675
164,268
128,728
109,230
29,164
30,587
Amortisation
1,470,168
1,294,912
1,372,668
1,270,320
1,136,199
1,236,955
1,121,265
724,938
519,070
311,472
82,323
Tax
-2,093,025
-835,283
-288,795
-194,063
-879,784
-856,040
-526,222
-646,748
-360,543
-502,235
-303,127
-271,560
-214,648
-260,101
-152,233
Stock
Debtors
7,785,280
2,576,193
2,766,174
-5,981,864
-2,354,671
411,946
1,438,824
2,840,890
-2,426,871
-4,384,129
2,251,114
1,107,475
3,775,992
2,707,681
3,362,892
Creditors
73,949
37,076
-61,632
-161,060
-8,503
-2,701
14,070
160,105
25,272
-212,311
-255,988
252,274
192,610
-29,159
220,330
Accruals and Deferred Income
-3,324,618
4,952,753
539,247
-1,667,000
195,250
648,081
473,779
482,571
-2,291,961
-7,568,301
1,964,458
1,532,415
551,881
2,600,688
6,060,255
Deferred Taxes & Provisions
Cash flow from operations
-4,575,581
6,173,439
-46,135
10,559,707
11,129,291
7,537,915
4,753,862
3,468,046
5,216,647
62,935
2,601,571
3,510,448
-889,851
1,751,951
4,236,077
Investing Activities
capital expenditure
-24,281,510
-747,882
-242,668
2,944,134
-2,482,761
-2,113,815
-1,972,336
-1,510,151
-1,286,092
-1,294,333
-1,503,941
-1,461,952
-1,453,199
-1,052,774
-1,096,314
Change in Investments
-3,212,257
6,374,235
48,024,002
2,583,524
cash flow from investments
-21,069,253
-7,122,117
-48,266,670
360,610
-2,482,761
-2,113,815
-1,972,336
-1,510,151
-1,286,092
-1,294,333
-1,503,941
-1,461,952
-1,453,199
-1,052,774
-1,096,314
Financing Activities
Bank loans
Group/Directors Accounts
851,365
-36,226
-1,862
-138,031
66,782
-191,022
-306,551
188,793
-3,687,239
3,751,653
-370,769
-336,856
1,061,934
Other Short Term Loans
Long term loans
-451,241
9,316,757
Hire Purchase and Lease Commitments
other long term liabilities
-10,673,395
10,673,395
share issue
-4,190,686
5,498,979
34,010,074
-6,755,947
-747,225
665,310
-1,810,961
2,704,124
-411,918
-688,868
298,825
-131,000
-148,152
-111,229
8,515
interest
-582,240
-561,726
360
466
-439
7,147
22,281
3,608
26,321
21,192
13,447
11,331
5,136
2,655
cash flow from financing
-4,372,802
3,544,389
44,681,607
-6,893,618
-679,977
473,849
-2,110,365
2,915,198
-4,095,549
3,089,106
-50,752
-454,409
925,113
-106,093
11,170
cash and cash equivalents
cash
-2,825,168
2,595,711
-3,631,198
-3,130,439
5,275,227
-9,265,886
961,582
4,342,580
-674,744
2,010,370
951,250
1,659,703
-744,469
442,050
2,844,833
overdraft
change in cash
-2,825,168
2,595,711
-3,631,198
-3,130,439
5,275,227
-9,265,886
961,582
4,342,580
-674,744
2,010,370
951,250
1,659,703
-744,469
442,050
2,844,833
rimes technologies limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for rimes technologies limited. Get real-time insights into rimes technologies limited's credit score, group structure and payment trends.
Perform a competitor analysis for rimes technologies limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other large companies, companies in EC3N area or any other competitors across 12 key performance metrics.
rimes technologies limited Ownership
RIMES TECHNOLOGIES LIMITED group structure
Rimes Technologies Limited has 1 subsidiary company.
The sole shareholder of Rimes Technologies Limited is Rimes Technologies Corp Inc..
rimes technologies corp inc.
100%
rimes technologies limited directors
Rimes Technologies Limited currently has 2 directors.
The longest serving directors include
Mr Bradley Hunt (Aug 2021) and
Mr Stuart Pemble (Dec 2021).
62090 - Other information technology and computer service activities
incorporation date
October 1999
age
26
incorporated
UK
ultimate parent company
RIMES TECHNOLOGIES CORP INC
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
GRANT THORNTON UK LLP
address
2 seething lane, london, EC3N 4AT
Bank
BARCLAYS BANK PLC
Legal Advisor
-
rimes technologies 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 4 charges/mortgages relating to rimes technologies limited. Currently there are 1 open charges and 3 have been satisfied in the past.
rimes technologies limited Capital Raised & Share Issues BETA
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.
Click to start generating capital raising & share issue transactions for RIMES TECHNOLOGIES LIMITED. This can take several minutes, an email will notify you when this has completed.
rimes technologies limitedCompanies House Filings - See Documents
