rivus fleet solutions limited

3.5

rivus fleet solutions limited Company Information

Share RIVUS FLEET SOLUTIONS LIMITED
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Company Number

04383521

Registered Address

2620 kings court the crescent, birmingham business park, birmingham, B37 7YE

Industry

Maintenance and repair of motor vehicles

 

Telephone

01296489220

Next Accounts Due

September 2024

Group Structure

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Directors

David Myers3 Years

Magnus Zuther2 Years

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Shareholders

rivus midco limited 100%

rivus fleet solutions limited Estimated Valuation

£86.4m

Pomanda estimates the enterprise value of RIVUS FLEET SOLUTIONS LIMITED at £86.4m based on a Turnover of £192.6m and 0.45x industry multiple (adjusted for size and gross margin).

rivus fleet solutions limited Estimated Valuation

£86.3m

Pomanda estimates the enterprise value of RIVUS FLEET SOLUTIONS LIMITED at £86.3m based on an EBITDA of £13.9m and a 6.22x industry multiple (adjusted for size and gross margin).

rivus fleet solutions limited Estimated Valuation

£63.5m

Pomanda estimates the enterprise value of RIVUS FLEET SOLUTIONS LIMITED at £63.5m based on Net Assets of £22.8m and 2.79x industry multiple (adjusted for liquidity).

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Rivus Fleet Solutions Limited Overview

Rivus Fleet Solutions Limited is a live company located in birmingham, B37 7YE with a Companies House number of 04383521. It operates in the maintenance and repair of motor vehicles sector, SIC Code 45200. Founded in February 2002, it's largest shareholder is rivus midco limited with a 100% stake. Rivus Fleet Solutions Limited is a mature, mega sized company, Pomanda has estimated its turnover at £192.6m with healthy growth in recent years.

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Rivus Fleet Solutions Limited Health Check

Pomanda's financial health check has awarded Rivus Fleet Solutions Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

6 Strong

positive_score

0 Regular

positive_score

6 Weak

size

Size

annual sales of £192.6m, make it larger than the average company (£584.1k)

£192.6m - Rivus Fleet Solutions Limited

£584.1k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (4.6%)

10% - Rivus Fleet Solutions Limited

4.6% - Industry AVG

production

Production

with a gross margin of 25.1%, this company has a higher cost of product (34.5%)

25.1% - Rivus Fleet Solutions Limited

34.5% - Industry AVG

profitability

Profitability

an operating margin of 3.1% make it less profitable than the average company (5.3%)

3.1% - Rivus Fleet Solutions Limited

5.3% - Industry AVG

employees

Employees

with 883 employees, this is above the industry average (8)

883 - Rivus Fleet Solutions Limited

8 - Industry AVG

paystructure

Pay Structure

on an average salary of £49.7k, the company has a higher pay structure (£27k)

£49.7k - Rivus Fleet Solutions Limited

£27k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £218.1k, this is more efficient (£91.2k)

£218.1k - Rivus Fleet Solutions Limited

£91.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 149 days, this is later than average (42 days)

149 days - Rivus Fleet Solutions Limited

42 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 111 days, this is slower than average (41 days)

111 days - Rivus Fleet Solutions Limited

41 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 1 days, this is less than average (23 days)

1 days - Rivus Fleet Solutions Limited

23 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (11 weeks)

0 weeks - Rivus Fleet Solutions Limited

11 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 81.7%, this is a higher level of debt than the average (69.3%)

81.7% - Rivus Fleet Solutions Limited

69.3% - Industry AVG

rivus fleet solutions 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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Rivus Fleet Solutions Limited Competitor Analysis

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Perform a competitor analysis for rivus fleet solutions limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.

rivus fleet solutions limited Ownership

RIVUS FLEET SOLUTIONS LIMITED group structure

Rivus Fleet Solutions Limited has 1 subsidiary company.

Ultimate parent company

AURELIUS EQUITY OPPORTUNITIES SE & CO KG

#0099050

2 parents

RIVUS FLEET SOLUTIONS LIMITED

04383521

1 subsidiary

RIVUS FLEET SOLUTIONS LIMITED Shareholders

rivus midco limited 100%

rivus fleet solutions limited directors

Rivus Fleet Solutions Limited currently has 3 directors. The longest serving directors include Mr David Myers (Dec 2020) and Dr Magnus Zuther (Jun 2021).

officercountryagestartendrole
Mr David MyersEngland58 years Dec 2020- Director
Dr Magnus ZutherEngland52 years Jun 2021- Director
Mrs Victoria KnightEngland44 years Feb 2023- Director

RIVUS FLEET SOLUTIONS LIMITED financials

EXPORTms excel logo

Rivus Fleet Solutions Limited's latest turnover from December 2022 is £192.6 million and the company has net assets of £22.8 million. According to their latest financial statements, Rivus Fleet Solutions Limited has 883 employees and maintains cash reserves of £864 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2022Dec 2021Dec 2020Dec 2019Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover192,585,000162,452,000138,711,000145,063,000211,345,000209,543,000213,475,000202,490,000218,497,000212,618,000183,818,000188,313,000189,538,000202,118,000
Other Income Or Grants00000000000000
Cost Of Sales144,323,000124,837,000106,043,000133,731,000187,567,000170,145,000146,341,000134,272,000145,402,000136,511,000106,823,870107,391,955106,478,092115,184,215
Gross Profit48,262,00037,615,00032,668,00011,332,00023,778,00039,398,00067,134,00068,218,00073,095,00076,107,00076,994,13080,921,04583,059,90886,933,785
Admin Expenses42,371,00035,084,00035,457,00035,330,00011,199,00016,083,00015,963,00028,936,00024,520,00031,904,00040,639,13059,289,04549,967,90854,686,785
Operating Profit5,891,0002,531,000-2,789,000-23,998,00012,579,00023,315,00051,171,00039,282,00048,575,00044,203,00036,355,00021,632,00033,092,00032,247,000
Interest Payable1,387,0001,421,0001,736,000361,0000000000000
Interest Receivable319,000630,00001,034,0007,033,0006,159,0007,653,0008,598,0009,206,0009,346,00010,253,00011,239,00011,713,0006,009,000
Pre-Tax Profit4,823,0001,740,000-4,525,000-23,325,00019,612,00029,474,00058,824,00047,880,00057,781,00053,549,00046,608,00032,871,00044,805,00038,256,000
Tax-2,338,0002,594,000435,0001,815,000461,000-5,841,000-12,127,000-10,774,000-12,401,000-12,576,000-11,294,000-13,704,000-11,885,000-10,828,000
Profit After Tax2,485,0004,334,000-4,090,000-21,510,00020,073,00023,633,00046,697,00037,106,00045,380,00040,973,00035,314,00019,167,00032,920,00027,428,000
Dividends Paid6,000,000665,0000181,159,000560,000,000050,000,0000000000
Retained Profit-3,515,0003,669,000-4,090,000-202,669,000-539,927,00023,633,000-3,303,00037,106,00045,380,00040,973,00035,314,00019,167,00032,920,00027,428,000
Employee Costs43,872,00038,593,00039,071,00031,278,00039,620,00040,067,00035,350,00030,872,00029,662,00029,556,00026,667,00028,582,00028,968,00033,296,000
Number Of Employees883807805888871891827729700692669680748866
EBITDA*13,869,00010,955,0006,886,000-16,349,00025,169,00037,989,00065,809,00058,708,00061,009,00060,532,00060,321,00061,328,00052,886,00058,318,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets6,028,00027,783,00033,772,00043,923,00040,892,00045,661,00061,456,00080,792,00093,760,00059,237,00074,788,000115,263,000123,947,00080,308,000
Intangible Assets3,992,0005,302,0006,239,0007,624,0008,493,0008,664,0008,020,0000000000
Investments & Other000641,000641,000641,000641,0000000000
Debtors (Due After 1 year)000041,154,00040,367,00039,969,00046,946,00045,818,00017,237,00019,972,00019,278,00023,827,00023,823,000
Total Fixed Assets10,020,00033,085,00040,011,00052,188,00091,180,00095,333,000110,086,000127,738,000139,578,00076,474,00094,760,000134,541,000147,774,000104,131,000
Stock & work in progress577,000560,000703,0001,494,0001,074,0001,253,0002,697,000970,0001,211,0001,161,0001,399,0001,093,0001,038,0001,249,000
Trade Debtors78,767,00027,440,00043,721,00046,421,00011,390,00015,750,00014,136,0009,322,0007,898,00011,567,0007,200,0005,375,0008,172,00011,031,000
Group Debtors12,065,00013,196,0008,803,0009,071,000152,075,000709,907,000673,166,000603,184,000642,980,000617,409,000477,024,000504,252,000450,636,000494,835,000
Misc Debtors19,978,00024,703,00014,879,00023,690,00035,046,00026,815,00023,835,00022,096,00020,784,00017,789,00030,697,00031,716,00029,414,00012,589,000
Cash864,0002,574,0009,866,00011,620,00000037,728,0003,737,0001,580,00084,479,000100,00024,380,0007,401,000
misc current assets00000000000000
total current assets114,614,00068,473,00077,972,00092,296,000199,585,000753,725,000713,834,000673,300,000676,610,000649,506,000600,799,000542,536,000513,640,000527,105,000
total assets124,634,000101,558,000117,983,000144,484,000290,765,000849,058,000823,920,000801,038,000816,188,000725,980,000695,559,000677,077,000661,414,000631,236,000
Bank overdraft0000260,000238,000156,0000000000
Bank loan00000000000000
Trade Creditors 44,176,0004,029,0007,957,00020,152,00021,069,00011,626,00016,335,0006,066,0008,964,00012,925,0006,539,0003,852,0007,070,0005,092,000
Group/Directors Accounts0345,00050,00026,000631,000949,0002,060,00053,00021,334,00011,094,00011,457,00036,549,00041,635,00038,267,000
other short term finances27,495,00010,254,00026,999,00016,672,0000000000000
hp & lease commitments4,906,0004,906,0004,906,0005,036,0000000000000
other current liabilities24,515,00034,380,00027,784,00040,904,00038,295,00065,710,00058,005,00043,876,00072,081,00033,215,00048,670,00042,112,00033,493,00040,873,000
total current liabilities101,092,00053,914,00067,696,00082,790,00060,255,00078,523,00076,556,00049,995,000102,379,00057,234,00066,666,00082,513,00082,198,00084,232,000
loans1,540,0000000000000000
hp & lease commitments770,0000034,987,0000000000000
Accruals and Deferred Income00000000000000
other liabilities021,357,00027,670,00000000000000
provisions00001,134,0001,595,0002,415,0003,090,0003,255,0003,836,0005,222,0006,394,00010,490,00011,470,000
total long term liabilities770,00021,357,00027,670,00034,987,0001,134,0001,595,0002,415,0003,090,0003,255,0003,836,0005,222,0006,394,00010,490,00011,470,000
total liabilities101,862,00075,271,00095,366,000117,777,00061,389,00080,118,00078,971,00053,085,000105,634,00061,070,00071,888,00088,907,00092,688,00095,702,000
net assets22,772,00026,287,00022,617,00026,707,000229,376,000768,940,000744,949,000747,953,000710,554,000664,910,000623,671,000588,170,000568,726,000535,534,000
total shareholders funds22,772,00026,287,00022,617,00026,707,000229,376,000768,940,000744,949,000747,953,000710,554,000664,910,000623,671,000588,170,000568,726,000535,534,000
Dec 2022Dec 2021Dec 2020Dec 2019Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit5,891,0002,531,000-2,789,000-23,998,00012,579,00023,315,00051,171,00039,282,00048,575,00044,203,00036,355,00021,632,00033,092,00032,247,000
Depreciation5,127,0005,130,0005,611,0003,924,0007,914,00010,449,00014,638,00019,426,00012,434,00016,329,00023,966,00039,696,00019,794,00026,071,000
Amortisation2,851,0003,294,0004,064,0003,725,0004,676,0004,225,00000000000
Tax-2,338,0002,594,000435,0001,815,000461,000-5,841,000-12,127,000-10,774,000-12,401,000-12,576,000-11,294,000-13,704,000-11,885,000-10,828,000
Stock17,000-143,000-791,000241,000-179,000-1,444,0001,727,000-241,00050,000-238,000306,00055,000-211,0001,249,000
Debtors45,471,000-2,064,000-11,779,000-713,657,000-553,174,00041,733,00069,558,000-35,932,00053,478,000129,109,000-25,728,00048,572,000-30,229,000542,278,000
Creditors40,147,000-3,928,000-12,195,0008,526,0009,443,000-4,709,00010,269,000-2,898,000-3,961,0006,386,0002,687,000-3,218,0001,978,0005,092,000
Accruals and Deferred Income-9,865,0006,596,000-13,120,000-24,806,000-27,415,0007,705,00014,129,000-28,205,00038,866,000-15,455,0006,558,0008,619,000-7,380,00040,873,000
Deferred Taxes & Provisions000-1,595,000-461,000-820,000-675,000-165,000-581,000-1,386,000-1,172,000-4,096,000-980,00011,470,000
Cash flow from operations-3,675,00018,424,000-5,424,000681,007,000560,550,000-5,965,0006,120,00052,839,00029,404,000-91,370,00082,522,000302,00065,059,000-438,602,000
Investing Activities
capital expenditure15,087,000-1,498,0001,861,000-4,871,000-7,650,000477,000-3,322,000-6,458,000-46,957,000-778,00016,509,000-31,012,000-63,433,000-106,379,000
Change in Investments00-641,000000641,0000000000
cash flow from investments15,087,000-1,498,0002,502,000-4,871,000-7,650,000477,000-3,963,000-6,458,000-46,957,000-778,00016,509,000-31,012,000-63,433,000-106,379,000
Financing Activities
Bank loans00000000000000
Group/Directors Accounts-345,000295,00024,000-923,000-318,000-1,111,0002,007,000-21,281,00010,240,000-363,000-25,092,000-5,086,0003,368,00038,267,000
Other Short Term Loans 17,241,000-16,745,00010,327,00016,672,0000000000000
Long term loans1,540,0000000000000000
Hire Purchase and Lease Commitments770,0000-35,117,00040,023,0000000000000
other long term liabilities-21,357,000-6,313,00027,670,00000000000000
share issue01,0000-539,564,000363,000358,000299,000293,000264,000266,000187,000277,000272,000508,106,000
interest-1,068,000-791,000-1,736,000673,0007,033,0006,159,0007,653,0008,598,0009,206,0009,346,00010,253,00011,239,00011,713,0006,009,000
cash flow from financing-3,219,000-23,553,0001,168,000-483,119,0007,078,0005,406,0009,959,000-12,390,00019,710,0009,249,000-14,652,0006,430,00015,353,000552,382,000
cash and cash equivalents
cash-1,710,000-7,292,000-1,754,00011,620,00000-37,728,00033,991,0002,157,000-82,899,00084,379,000-24,280,00016,979,0007,401,000
overdraft000-238,00022,00082,000156,0000000000
change in cash-1,710,000-7,292,000-1,754,00011,858,000-22,000-82,000-37,884,00033,991,0002,157,000-82,899,00084,379,000-24,280,00016,979,0007,401,000

P&L

December 2022

turnover

192.6m

+19%

operating profit

5.9m

+133%

gross margin

25.1%

+8.23%

turnover

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

Balance Sheet

December 2022

net assets

22.8m

-0.13%

total assets

124.6m

+0.23%

cash

864k

-0.66%

net assets

Total assets minus all liabilities

rivus fleet solutions limited company details

company number

04383521

Type

Private limited with Share Capital

industry

45200 - Maintenance and repair of motor vehicles

incorporation date

February 2002

age

22

accounts

Full Accounts

ultimate parent company

AURELIUS EQUITY OPPORTUNITIES SE & CO KG

previous names

bt fleet limited (October 2019)

incorporated

UK

address

2620 kings court the crescent, birmingham business park, birmingham, B37 7YE

last accounts submitted

December 2022

rivus fleet solutions 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 2 charges/mortgages relating to rivus fleet solutions limited. Currently there are 2 open charges and 0 have been satisfied in the past.

charges

rivus fleet solutions limited Companies House Filings - See Documents

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