rightmove group limited

rightmove group limited Company Information

Share RIGHTMOVE GROUP LIMITED
Live 
MatureMegaHigh

Company Number

03997679

Industry

Other information technology and computer service activities

 

Web portals

 

Shareholders

rightmove plc

Group Structure

View All

Contact

Registered Address

2 caldecotte lake business park, caldecotte lake drive, milton keynes, MK7 8LE

rightmove group limited Estimated Valuation

£610.3m

Pomanda estimates the enterprise value of RIGHTMOVE GROUP LIMITED at £610.3m based on a Turnover of £360.3m and 1.69x industry multiple (adjusted for size and gross margin).

rightmove group limited Estimated Valuation

£2.6b

Pomanda estimates the enterprise value of RIGHTMOVE GROUP LIMITED at £2.6b based on an EBITDA of £270.2m and a 9.69x industry multiple (adjusted for size and gross margin).

rightmove group limited Estimated Valuation

£245.3m

Pomanda estimates the enterprise value of RIGHTMOVE GROUP LIMITED at £245.3m based on Net Assets of £109m and 2.25x industry multiple (adjusted for liquidity).

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Rightmove Group Limited Overview

Rightmove Group Limited is a live company located in milton keynes, MK7 8LE with a Companies House number of 03997679. It operates in the other information technology service activities sector, SIC Code 62090. Founded in May 2000, it's largest shareholder is rightmove plc with a 100% stake. Rightmove Group Limited is a mature, mega sized company, Pomanda has estimated its turnover at £360.3m with high growth in recent years.

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Rightmove Group Limited Health Check

Pomanda's financial health check has awarded Rightmove Group Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

8 Strong

positive_score

1 Regular

positive_score

2 Weak

size

Size

annual sales of £360.3m, make it larger than the average company (£5.7m)

£360.3m - Rightmove Group Limited

£5.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (8.9%)

21% - Rightmove Group Limited

8.9% - Industry AVG

production

Production

with a gross margin of 54%, this company has a comparable cost of product (54%)

54% - Rightmove Group Limited

54% - Industry AVG

profitability

Profitability

an operating margin of 73.9% make it more profitable than the average company (3.1%)

73.9% - Rightmove Group Limited

3.1% - Industry AVG

employees

Employees

with 629 employees, this is above the industry average (34)

629 - Rightmove Group Limited

34 - Industry AVG

paystructure

Pay Structure

on an average salary of £82.8k, the company has a higher pay structure (£66.6k)

£82.8k - Rightmove Group Limited

£66.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £572.9k, this is more efficient (£157.5k)

£572.9k - Rightmove Group Limited

£157.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 24 days, this is earlier than average (42 days)

24 days - Rightmove Group Limited

42 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 9 days, this is quicker than average (34 days)

9 days - Rightmove Group Limited

34 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Rightmove Group Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 59 weeks, this is more cash available to meet short term requirements (14 weeks)

59 weeks - Rightmove Group Limited

14 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 23.2%, this is a lower level of debt than the average (64.7%)

23.2% - Rightmove Group Limited

64.7% - Industry AVG

RIGHTMOVE GROUP LIMITED financials

EXPORTms excel logo

Rightmove Group Limited's latest turnover from December 2023 is £360.3 million and the company has net assets of £109 million. According to their latest financial statements, Rightmove Group Limited has 629 employees and maintains cash reserves of £31.1 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover360,324,000329,468,000301,816,000202,565,000288,487,000267,821,000243,236,000219,819,000192,129,000167,012,000139,935,000119,365,00097,017,00081,556,00064,521,000
Other Income Or Grants000000000000000
Cost Of Sales165,736,441138,311,612118,071,91579,458,383116,703,433110,714,705104,751,639107,479,90384,289,55172,612,01856,985,35547,093,34538,407,39931,686,90351,616,800
Gross Profit194,587,559191,156,388183,744,085123,106,617171,783,567157,106,295138,484,361112,339,097107,839,44994,399,98282,949,64572,271,65558,609,60149,869,09712,904,200
Admin Expenses-71,683,441-57,470,612-47,528,915-14,162,383-45,632,433-46,180,705-45,780,639-54,751,903-36,756,551-31,419,018-21,900,355-15,747,345-11,428,399-6,692,903-27,950,800
Operating Profit266,271,000248,627,000231,273,000137,269,000217,416,000203,287,000184,265,000167,091,000144,596,000125,819,000104,850,00088,019,00070,038,00056,562,00040,855,000
Interest Payable474,000490,000457,000437,000476,000491,000214,000209,000183,000129,000143,000129,000121,000142,00072,000
Interest Receivable4,638,000640,000288,000446,000873,000643,000459,000636,000660,000645,000659,000805,000681,0001,673,000712,000
Pre-Tax Profit270,435,000248,777,000231,104,000137,278,000217,813,000203,439,000187,345,000169,295,000150,876,000129,990,000141,106,000103,118,00085,795,00079,711,00045,640,000
Tax-63,230,000-46,868,000-43,786,000-25,523,000-41,698,000-38,727,000-35,267,000-33,072,000-29,100,000-26,656,000-24,407,000-21,709,000-18,567,000-14,691,000-9,141,000
Profit After Tax207,205,000201,909,000187,318,000111,755,000176,115,000164,712,000152,078,000136,223,000121,776,000103,334,000116,699,00081,409,00067,228,00065,020,00036,499,000
Dividends Paid199,276,000197,982,000267,211,000734,000179,402,000152,845,000149,551,000141,563,000130,263,000000000
Retained Profit7,929,0003,927,000-79,893,000111,021,000-3,287,00011,867,0002,527,000-5,340,000-8,487,000103,334,000116,699,00081,409,00067,228,00065,020,00036,499,000
Employee Costs52,095,00043,110,00037,131,00034,671,00031,632,00028,972,00026,656,00025,568,00021,601,00020,459,00017,727,00016,045,00014,223,00013,127,00011,496,000
Number Of Employees629557493472512493477466408385346322290271242
EBITDA*270,249,000252,343,000235,019,000140,868,000220,841,000206,993,000185,945,000168,646,000145,890,000127,012,000106,027,00089,098,00070,978,00057,979,00041,072,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets31,168,00038,272,00041,986,00045,719,00046,665,00028,850,00019,953,00021,001,00021,374,00016,826,00024,242,00054,288,00061,424,00053,940,00042,618,000
Intangible Assets3,248,0002,803,0001,437,0001,807,0001,046,0001,140,0001,411,0001,543,0001,383,0001,564,0001,592,0001,615,0001,319,0001,462,0001,512,000
Investments & Other18,289,00025,325,00027,498,00027,373,00032,281,00011,815,0002,096,0002,096,000013,409,00020,285,00048,882,00056,326,00049,918,00040,536,000
Debtors (Due After 1 year)2,188,0001,847,0002,638,0002,297,0001,716,0000000001,674,0001,667,0001,000,0000
Total Fixed Assets32,228,00039,228,00043,423,00045,229,00047,711,00029,990,00021,364,00022,544,00022,757,00018,390,00025,834,00055,903,00062,743,00055,402,00044,130,000
Stock & work in progress000000000000000
Trade Debtors24,196,00020,836,00017,362,00017,185,00019,481,00016,961,00030,459,00026,938,00024,910,00071,295,00033,794,00033,794,00013,132,00010,073,0008,113,000
Group Debtors42,054,00030,051,00023,441,00048,062,00014,124,00041,055,00020,042,00025,332,00031,908,0000517,000086,876,00022,721,00059,895,000
Misc Debtors6,923,0005,373,0005,033,0005,964,0004,077,0005,518,0004,635,0002,955,0002,612,000098,773,00002,357,0001,675,0002,744,000
Cash31,136,00033,995,00041,386,00095,299,00035,858,00015,617,00024,745,00017,604,00012,418,00011,205,0006,799,0007,082,00021,768,00023,148,00019,906,000
misc current assets5,224,0005,047,0005,003,000004,517,00000000004,437,0000
total current assets109,649,00095,847,00093,226,000167,599,00073,540,00083,668,00079,881,00072,829,00071,848,00082,500,000139,883,00040,876,000124,133,00062,054,00090,658,000
total assets141,877,000135,075,000136,649,000212,828,000121,251,000113,658,000101,245,00095,373,00094,605,000100,890,000165,717,00096,779,000186,876,000117,456,000134,788,000
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 4,389,0003,147,0005,162,0003,984,000920,0002,653,0004,899,0004,076,000592,000461,000685,0001,220,000370,0001,033,000719,000
Group/Directors Accounts000000000000000
other short term finances000000000000000
hp & lease commitments2,196,0002,194,0002,169,0001,988,0001,671,0001,213,000000000000
other current liabilities20,746,00018,273,00018,063,00015,517,00037,311,00033,838,00046,024,00043,304,00038,173,00036,920,000114,232,00025,551,00020,589,00018,802,00014,236,000
total current liabilities27,331,00023,614,00025,394,00021,489,00039,902,00037,704,00050,923,00047,380,00038,765,00037,381,000114,917,00026,771,00020,959,00019,835,00014,955,000
loans9,656,00013,688,00017,662,00020,562,00020,912,00023,690,000000000000
hp & lease commitments4,828,0006,844,0008,831,00010,281,00010,456,00011,845,000000000000
Accruals and Deferred Income000000000000000
other liabilities01,323,0002,619,0001,491,0001,078,000383,0004,706,0005,031,0005,023,0004,548,0005,915,0005,425,0006,993,0006,801,0003,934,000
provisions1,382,0001,362,0001,170,0005,836,0005,748,000848,000588,000350,000472,000400,000328,000258,000000
total long term liabilities5,519,0008,848,00012,035,00014,690,00014,408,00012,652,0005,000,0005,206,0005,259,0004,748,0006,079,0005,554,0006,993,0006,801,0003,934,000
total liabilities32,850,00032,462,00037,429,00036,179,00054,310,00050,356,00055,923,00052,586,00044,024,00042,129,000120,996,00032,325,00027,952,00026,636,00018,889,000
net assets109,027,000102,613,00099,220,000176,649,00066,941,00063,302,00045,322,00042,787,00050,581,00058,761,00044,721,00064,454,000158,924,00090,820,000115,899,000
total shareholders funds109,027,000102,613,00099,220,000176,649,00066,941,00063,302,00045,322,00042,787,00050,581,00058,761,00044,721,00064,454,000158,924,00090,820,000115,899,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit266,271,000248,627,000231,273,000137,269,000217,416,000203,287,000184,265,000167,091,000144,596,000125,819,000104,850,00088,019,00070,038,00056,562,00040,855,000
Depreciation3,094,0003,287,0003,358,0003,191,0003,096,0003,307,0001,310,0001,237,000934,000825,000770,000752,000661,0001,123,000616,000
Amortisation884,000429,000388,000408,000329,000399,000370,000318,000360,000368,000407,000327,000279,000294,000-399,000
Tax-63,230,000-46,868,000-43,786,000-25,523,000-41,698,000-38,727,000-35,267,000-33,072,000-29,100,000-26,656,000-24,407,000-21,709,000-18,567,000-14,691,000-9,141,000
Stock000000000000000
Debtors17,254,0009,633,000-25,034,00034,110,000-24,136,0008,398,000-89,000-4,205,000-11,865,000-61,789,00097,616,000-68,564,00068,563,000-35,283,00070,752,000
Creditors1,242,000-2,015,0001,178,0003,064,000-1,733,000-2,246,000823,0003,484,000131,000-224,000-535,000850,000-663,000314,000719,000
Accruals and Deferred Income2,473,000210,0002,546,000-21,794,0003,473,000-12,186,0002,720,0005,131,0001,253,000-77,312,00088,681,0004,962,0001,787,0004,566,00014,236,000
Deferred Taxes & Provisions20,000192,000-4,666,00088,0004,900,000260,000238,000-122,00072,00072,00070,000258,000000
Cash flow from operations193,500,000194,229,000215,325,00062,593,000209,919,000145,696,000154,548,000148,272,000130,111,00084,681,00072,220,000142,023,000-15,028,00083,451,000-23,866,000
Investing Activities
capital expenditure2,681,000-1,368,000357,000-3,414,000-21,146,000-12,332,000-500,000-1,342,000-5,661,0006,251,00028,892,0005,761,000-8,281,000-12,689,000-44,347,000
Change in Investments-7,036,000-2,173,000125,000-4,908,00020,466,0009,719,00002,096,000-13,409,000-6,876,000-28,597,000-7,444,0006,408,0009,382,00040,536,000
cash flow from investments9,717,000805,000232,0001,494,000-41,612,000-22,051,000-500,000-3,438,0007,748,00013,127,00057,489,00013,205,000-14,689,000-22,071,000-84,883,000
Financing Activities
Bank loans000000000000000
Group/Directors Accounts000000000000000
Other Short Term Loans 000000000000000
Long term loans-4,032,000-3,974,000-2,900,000-350,000-2,778,00023,690,000000000000
Hire Purchase and Lease Commitments-2,014,000-1,962,000-1,269,000142,000-931,00013,058,000000000000
other long term liabilities-1,323,000-1,296,0001,128,000413,000695,000-4,323,000-325,0008,000475,000-1,367,000490,000-1,568,000192,0002,867,0003,934,000
share issue-1,515,000-534,0002,464,000-1,313,0006,926,0006,113,0008,000-2,454,000307,000-89,294,000-136,432,000-175,879,000876,000-90,099,00079,400,000
interest4,164,000150,000-169,0009,000397,000152,000245,000427,000477,000516,000516,000676,000560,0001,531,000640,000
cash flow from financing-4,720,000-7,616,000-746,000-1,099,0004,309,00038,690,000-72,000-2,019,0001,259,000-90,145,000-135,426,000-176,771,0001,628,000-85,701,00083,974,000
cash and cash equivalents
cash-2,859,000-7,391,000-53,913,00059,441,00020,241,000-9,128,0007,141,0005,186,0001,213,0004,406,000-283,000-14,686,000-1,380,0003,242,00019,906,000
overdraft000000000000000
change in cash-2,859,000-7,391,000-53,913,00059,441,00020,241,000-9,128,0007,141,0005,186,0001,213,0004,406,000-283,000-14,686,000-1,380,0003,242,00019,906,000

rightmove group limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Rightmove Group Limited Competitor Analysis

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Perform a competitor analysis for rightmove group limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mega companies, companies in MK7 area or any other competitors across 12 key performance metrics.

rightmove group limited Ownership

RIGHTMOVE GROUP LIMITED group structure

Rightmove Group Limited has 5 subsidiary companies.

RIGHTMOVE GROUP LIMITED Shareholders

rightmove plc 100%

rightmove group limited directors

Rightmove Group Limited currently has 2 directors. The longest serving directors include Mr Johan Svanstrom (Feb 2023) and Mr Ruaridh Hook (Sep 2024).

officercountryagestartendrole
Mr Johan SvanstromUnited Kingdom53 years Feb 2023- Director
Mr Ruaridh HookEngland40 years Sep 2024- Director

P&L

December 2023

turnover

360.3m

+9%

operating profit

266.3m

+7%

gross margin

54.1%

-6.92%

turnover

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

Balance Sheet

December 2023

net assets

109m

+0.06%

total assets

141.9m

+0.05%

cash

31.1m

-0.08%

net assets

Total assets minus all liabilities

rightmove group limited company details

company number

03997679

Type

Private limited with Share Capital

industry

62090 - Other information technology and computer service activities

63120 - Web portals

incorporation date

May 2000

age

24

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

December 2023

previous names

rightmove plc (January 2008)

rightmove.co.uk limited (February 2006)

accountant

-

auditor

ERNST & YOUNG LLP

address

2 caldecotte lake business park, caldecotte lake drive, milton keynes, MK7 8LE

Bank

BARCLAYS BANK PLC

Legal Advisor

-

rightmove group 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 7 charges/mortgages relating to rightmove group limited. Currently there are 0 open charges and 7 have been satisfied in the past.

rightmove group 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.

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rightmove group limited Companies House Filings - See Documents

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