Rimes Technologies Limited

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rimes technologies limited Company Information

Live

MatureLargeHigh

Company Number

03855448

Next Accounts

Sep 2025

Industry

Other information technology and computer service activities

Directors

Bradley Hunt

Stuart Pemble

Shareholders

rimes technologies corp inc.

Group Structure

View All

Contact

Registered Address

elsley court, 20-22 great titchfield street, london, W1W 8BE

Website

www.rimes.com

rimes technologies limited Estimated Valuation

£178.4m

Pomanda estimates the enterprise value of RIMES TECHNOLOGIES LIMITED at £178.4m based on Net Assets of £79.9m and 2.23x industry multiple (adjusted for liquidity).

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Rimes Technologies Limited is a live company located in london, W1W 8BE 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.

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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 (£7.3m)

Growth

3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (8%)

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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	16,565,142	11,338,097	10,488,894	10,354,874	14,213,883	12,480,081	11,295,441	10,125,780	8,572,650	7,285,150	7,462,733	6,404,493	5,684,413	1,304,717	483,869
Gross Profit	17,716,202	12,373,315	11,600,699	11,315,018	15,407,059	14,010,835	12,749,166	11,558,926	9,677,597	8,224,148	8,609,293	7,083,840	6,265,818	7,624,355	6,322,615
Admin Expenses	9,674,938	8,177,025	9,536,865	5,215,203	7,869,887	7,537,651	8,277,710	6,803,505	5,597,896	5,671,125	6,447,484	4,832,712	4,537,820	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	0	0	2,073	3,996	3,494	2,331	157	0	0	100	3,231	1,006	3,469
Interest Receivable	0	0	0	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	0	0	0	7,157,138	2,853,177	14,946,054	0	0	641,910	0	0	0	0	0	0
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	0	0	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	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	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	13,097,818	4,504,638	4,195,633	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	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	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	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	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	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	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	10,673,395	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	8,865,516	9,316,757	10,673,395	0	0	0	0	0	0	0	0	0	0	0	0
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	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	0	0	0	0	0	0	0	0	0	0	0
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-451,241	9,316,757	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	-10,673,395	10,673,395	0	0	0	0	0	0	0	0	0	0	0	0
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	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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RIMES TECHNOLOGIES LIMITED group structure

Rimes Technologies Limited has no subsidiary companies.

Ultimate parent company

RIMES TECHNOLOGIES CORP INC

#0034840

1 parent

RIMES TECHNOLOGIES LIMITED

03855448

RIMES TECHNOLOGIES LIMITED Shareholders

rimes technologies corp inc.

100%

Rimes Technologies Limited currently has 2 directors. The longest serving directors include Mr Bradley Hunt (Aug 2021) and Mr Stuart Pemble (Dec 2021).

officer	country	age	start	end	role
Mr Bradley Hunt	England	60 years	Aug 2021	-	Director
Mr Stuart Pemble	United Kingdom	50 years	Dec 2021	-	Director

P&L

December 2023

turnover

34.3m

+45%

operating profit

+92%

gross margin

51.7%

-0.97%

turnover

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

Balance Sheet

December 2023

net assets

79.9m

+0.55%

total assets

95.1m

+0.37%

cash

811.4k

-0.78%

net assets

Total assets minus all liabilities

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company number

03855448

Type

Private limited with Share Capital

industry

62090 - Other information technology and computer service activities

incorporation date

October 1999

ultimate parent company

RIMES TECHNOLOGIES CORP INC

previous names

N/A

address

elsley court, 20-22 great titchfield street, london, W1W 8BE

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.

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rimes technologies limited Company Information

rimes technologies limited Estimated Valuation

rimes technologies limited Estimated Valuation

rimes technologies limited Estimated Valuation

Rimes Technologies Limited Overview

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RIMES TECHNOLOGIES LIMITED financials

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