rivus fleet solutions limited Company Information
Company Number
04383521
Website
www.btfleet.comRegistered 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
View All
Shareholders
rivus midco limited 100%
rivus fleet solutions limited Estimated Valuation
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
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
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
6 Strong
0 Regular
6 Weak
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
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
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
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
with 883 employees, this is above the industry average (8)
883 - Rivus Fleet Solutions Limited
8 - Industry AVG
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
resulting in sales per employee of £218.1k, this is more efficient (£91.2k)
£218.1k - Rivus Fleet Solutions Limited
£91.2k - Industry AVG
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
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
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
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
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
Rivus Fleet Solutions Limited Competitor Analysis
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 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).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr David Myers | England | 58 years | Dec 2020 | - | Director |
Dr Magnus Zuther | England | 52 years | Jun 2021 | - | Director |
Mrs Victoria Knight | England | 44 years | Feb 2023 | - | Director |
RIVUS FLEET SOLUTIONS LIMITED financials
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 House, Pomanda Estimates
Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 192,585,000 | 162,452,000 | 138,711,000 | 145,063,000 | 211,345,000 | 209,543,000 | 213,475,000 | 202,490,000 | 218,497,000 | 212,618,000 | 183,818,000 | 188,313,000 | 189,538,000 | 202,118,000 |
Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
Cost Of Sales | 144,323,000 | 124,837,000 | 106,043,000 | 133,731,000 | 187,567,000 | 170,145,000 | 146,341,000 | 134,272,000 | 145,402,000 | 136,511,000 | ||||
Gross Profit | 48,262,000 | 37,615,000 | 32,668,000 | 11,332,000 | 23,778,000 | 39,398,000 | 67,134,000 | 68,218,000 | 73,095,000 | 76,107,000 | ||||
Admin Expenses | 42,371,000 | 35,084,000 | 35,457,000 | 35,330,000 | 11,199,000 | 16,083,000 | 15,963,000 | 28,936,000 | 24,520,000 | 31,904,000 | ||||
Operating Profit | 5,891,000 | 2,531,000 | -2,789,000 | -23,998,000 | 12,579,000 | 23,315,000 | 51,171,000 | 39,282,000 | 48,575,000 | 44,203,000 | 36,355,000 | 21,632,000 | 33,092,000 | 32,247,000 |
Interest Payable | 1,387,000 | 1,421,000 | 1,736,000 | 361,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Interest Receivable | 319,000 | 630,000 | 0 | 1,034,000 | 7,033,000 | 6,159,000 | 7,653,000 | 8,598,000 | 9,206,000 | 9,346,000 | 10,253,000 | 11,239,000 | 11,713,000 | 6,009,000 |
Pre-Tax Profit | 4,823,000 | 1,740,000 | -4,525,000 | -23,325,000 | 19,612,000 | 29,474,000 | 58,824,000 | 47,880,000 | 57,781,000 | 53,549,000 | 46,608,000 | 32,871,000 | 44,805,000 | 38,256,000 |
Tax | -2,338,000 | 2,594,000 | 435,000 | 1,815,000 | 461,000 | -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 Tax | 2,485,000 | 4,334,000 | -4,090,000 | -21,510,000 | 20,073,000 | 23,633,000 | 46,697,000 | 37,106,000 | 45,380,000 | 40,973,000 | 35,314,000 | 19,167,000 | 32,920,000 | 27,428,000 |
Dividends Paid | 6,000,000 | 665,000 | 0 | 181,159,000 | 560,000,000 | 0 | 50,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Retained Profit | -3,515,000 | 3,669,000 | -4,090,000 | -202,669,000 | -539,927,000 | 23,633,000 | -3,303,000 | 37,106,000 | 45,380,000 | 40,973,000 | 35,314,000 | 19,167,000 | 32,920,000 | 27,428,000 |
Employee Costs | 43,872,000 | 38,593,000 | 39,071,000 | 31,278,000 | 39,620,000 | 40,067,000 | 35,350,000 | 30,872,000 | 29,662,000 | 29,556,000 | 26,667,000 | 28,582,000 | 28,968,000 | 33,296,000 |
Number Of Employees | 883 | 807 | 805 | 888 | 871 | 891 | 827 | 729 | 700 | 692 | 669 | 680 | 748 | 866 |
EBITDA* | 13,869,000 | 10,955,000 | 6,886,000 | -16,349,000 | 25,169,000 | 37,989,000 | 65,809,000 | 58,708,000 | 61,009,000 | 60,532,000 | 60,321,000 | 61,328,000 | 52,886,000 | 58,318,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 6,028,000 | 27,783,000 | 33,772,000 | 43,923,000 | 40,892,000 | 45,661,000 | 61,456,000 | 80,792,000 | 93,760,000 | 59,237,000 | 74,788,000 | 115,263,000 | 123,947,000 | 80,308,000 |
Intangible Assets | 3,992,000 | 5,302,000 | 6,239,000 | 7,624,000 | 8,493,000 | 8,664,000 | 8,020,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 0 | 641,000 | 641,000 | 641,000 | 641,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 41,154,000 | 40,367,000 | 39,969,000 | 46,946,000 | 45,818,000 | 17,237,000 | 19,972,000 | 19,278,000 | 23,827,000 | 23,823,000 |
Total Fixed Assets | 10,020,000 | 33,085,000 | 40,011,000 | 52,188,000 | 91,180,000 | 95,333,000 | 110,086,000 | 127,738,000 | 139,578,000 | 76,474,000 | 94,760,000 | 134,541,000 | 147,774,000 | 104,131,000 |
Stock & work in progress | 577,000 | 560,000 | 703,000 | 1,494,000 | 1,074,000 | 1,253,000 | 2,697,000 | 970,000 | 1,211,000 | 1,161,000 | 1,399,000 | 1,093,000 | 1,038,000 | 1,249,000 |
Trade Debtors | 78,767,000 | 27,440,000 | 43,721,000 | 46,421,000 | 11,390,000 | 15,750,000 | 14,136,000 | 9,322,000 | 7,898,000 | 11,567,000 | 7,200,000 | 5,375,000 | 8,172,000 | 11,031,000 |
Group Debtors | 12,065,000 | 13,196,000 | 8,803,000 | 9,071,000 | 152,075,000 | 709,907,000 | 673,166,000 | 603,184,000 | 642,980,000 | 617,409,000 | 477,024,000 | 504,252,000 | 450,636,000 | 494,835,000 |
Misc Debtors | 19,978,000 | 24,703,000 | 14,879,000 | 23,690,000 | 35,046,000 | 26,815,000 | 23,835,000 | 22,096,000 | 20,784,000 | 17,789,000 | 30,697,000 | 31,716,000 | 29,414,000 | 12,589,000 |
Cash | 864,000 | 2,574,000 | 9,866,000 | 11,620,000 | 0 | 0 | 0 | 37,728,000 | 3,737,000 | 1,580,000 | 84,479,000 | 100,000 | 24,380,000 | 7,401,000 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 114,614,000 | 68,473,000 | 77,972,000 | 92,296,000 | 199,585,000 | 753,725,000 | 713,834,000 | 673,300,000 | 676,610,000 | 649,506,000 | 600,799,000 | 542,536,000 | 513,640,000 | 527,105,000 |
total assets | 124,634,000 | 101,558,000 | 117,983,000 | 144,484,000 | 290,765,000 | 849,058,000 | 823,920,000 | 801,038,000 | 816,188,000 | 725,980,000 | 695,559,000 | 677,077,000 | 661,414,000 | 631,236,000 |
Bank overdraft | 0 | 0 | 0 | 0 | 260,000 | 238,000 | 156,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 44,176,000 | 4,029,000 | 7,957,000 | 20,152,000 | 21,069,000 | 11,626,000 | 16,335,000 | 6,066,000 | 8,964,000 | 12,925,000 | 6,539,000 | 3,852,000 | 7,070,000 | 5,092,000 |
Group/Directors Accounts | 0 | 345,000 | 50,000 | 26,000 | 631,000 | 949,000 | 2,060,000 | 53,000 | 21,334,000 | 11,094,000 | 11,457,000 | 36,549,000 | 41,635,000 | 38,267,000 |
other short term finances | 27,495,000 | 10,254,000 | 26,999,000 | 16,672,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 4,906,000 | 4,906,000 | 4,906,000 | 5,036,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 24,515,000 | 34,380,000 | 27,784,000 | 40,904,000 | 38,295,000 | 65,710,000 | 58,005,000 | 43,876,000 | 72,081,000 | 33,215,000 | 48,670,000 | 42,112,000 | 33,493,000 | 40,873,000 |
total current liabilities | 101,092,000 | 53,914,000 | 67,696,000 | 82,790,000 | 60,255,000 | 78,523,000 | 76,556,000 | 49,995,000 | 102,379,000 | 57,234,000 | 66,666,000 | 82,513,000 | 82,198,000 | 84,232,000 |
loans | 1,540,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 770,000 | 0 | 0 | 34,987,000 | 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 |
other liabilities | 0 | 21,357,000 | 27,670,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 0 | 0 | 0 | 0 | 1,134,000 | 1,595,000 | 2,415,000 | 3,090,000 | 3,255,000 | 3,836,000 | 5,222,000 | 6,394,000 | 10,490,000 | 11,470,000 |
total long term liabilities | 770,000 | 21,357,000 | 27,670,000 | 34,987,000 | 1,134,000 | 1,595,000 | 2,415,000 | 3,090,000 | 3,255,000 | 3,836,000 | 5,222,000 | 6,394,000 | 10,490,000 | 11,470,000 |
total liabilities | 101,862,000 | 75,271,000 | 95,366,000 | 117,777,000 | 61,389,000 | 80,118,000 | 78,971,000 | 53,085,000 | 105,634,000 | 61,070,000 | 71,888,000 | 88,907,000 | 92,688,000 | 95,702,000 |
net assets | 22,772,000 | 26,287,000 | 22,617,000 | 26,707,000 | 229,376,000 | 768,940,000 | 744,949,000 | 747,953,000 | 710,554,000 | 664,910,000 | 623,671,000 | 588,170,000 | 568,726,000 | 535,534,000 |
total shareholders funds | 22,772,000 | 26,287,000 | 22,617,000 | 26,707,000 | 229,376,000 | 768,940,000 | 744,949,000 | 747,953,000 | 710,554,000 | 664,910,000 | 623,671,000 | 588,170,000 | 568,726,000 | 535,534,000 |
Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||||
Operating Profit | 5,891,000 | 2,531,000 | -2,789,000 | -23,998,000 | 12,579,000 | 23,315,000 | 51,171,000 | 39,282,000 | 48,575,000 | 44,203,000 | 36,355,000 | 21,632,000 | 33,092,000 | 32,247,000 |
Depreciation | 5,127,000 | 5,130,000 | 5,611,000 | 3,924,000 | 7,914,000 | 10,449,000 | 14,638,000 | 19,426,000 | 12,434,000 | 16,329,000 | 23,966,000 | 39,696,000 | 19,794,000 | 26,071,000 |
Amortisation | 2,851,000 | 3,294,000 | 4,064,000 | 3,725,000 | 4,676,000 | 4,225,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | -2,338,000 | 2,594,000 | 435,000 | 1,815,000 | 461,000 | -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 |
Stock | 17,000 | -143,000 | -791,000 | 241,000 | -179,000 | -1,444,000 | 1,727,000 | -241,000 | 50,000 | -238,000 | 306,000 | 55,000 | -211,000 | 1,249,000 |
Debtors | 45,471,000 | -2,064,000 | -11,779,000 | -713,657,000 | -553,174,000 | 41,733,000 | 69,558,000 | -35,932,000 | 53,478,000 | 129,109,000 | -25,728,000 | 48,572,000 | -30,229,000 | 542,278,000 |
Creditors | 40,147,000 | -3,928,000 | -12,195,000 | 8,526,000 | 9,443,000 | -4,709,000 | 10,269,000 | -2,898,000 | -3,961,000 | 6,386,000 | 2,687,000 | -3,218,000 | 1,978,000 | 5,092,000 |
Accruals and Deferred Income | -9,865,000 | 6,596,000 | -13,120,000 | -24,806,000 | -27,415,000 | 7,705,000 | 14,129,000 | -28,205,000 | 38,866,000 | -15,455,000 | 6,558,000 | 8,619,000 | -7,380,000 | 40,873,000 |
Deferred Taxes & Provisions | 0 | 0 | 0 | -1,595,000 | -461,000 | -820,000 | -675,000 | -165,000 | -581,000 | -1,386,000 | -1,172,000 | -4,096,000 | -980,000 | 11,470,000 |
Cash flow from operations | -3,675,000 | 18,424,000 | -5,424,000 | 681,007,000 | 560,550,000 | -5,965,000 | 6,120,000 | 52,839,000 | 29,404,000 | -91,370,000 | 82,522,000 | 302,000 | 65,059,000 | -438,602,000 |
Investing Activities | ||||||||||||||
capital expenditure | ||||||||||||||
Change in Investments | 0 | 0 | -641,000 | 0 | 0 | 0 | 641,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | ||||||||||||||
Financing Activities | ||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | -345,000 | 295,000 | 24,000 | -923,000 | -318,000 | -1,111,000 | 2,007,000 | -21,281,000 | 10,240,000 | -363,000 | -25,092,000 | -5,086,000 | 3,368,000 | 38,267,000 |
Other Short Term Loans | 17,241,000 | -16,745,000 | 10,327,000 | 16,672,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 1,540,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | 770,000 | 0 | -35,117,000 | 40,023,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | -21,357,000 | -6,313,000 | 27,670,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | ||||||||||||||
interest | -1,068,000 | -791,000 | -1,736,000 | 673,000 | 7,033,000 | 6,159,000 | 7,653,000 | 8,598,000 | 9,206,000 | 9,346,000 | 10,253,000 | 11,239,000 | 11,713,000 | 6,009,000 |
cash flow from financing | -3,219,000 | -23,553,000 | 1,168,000 | -483,119,000 | 7,078,000 | 5,406,000 | 9,959,000 | -12,390,000 | 19,710,000 | 9,249,000 | -14,652,000 | 6,430,000 | 15,353,000 | 552,382,000 |
cash and cash equivalents | ||||||||||||||
cash | -1,710,000 | -7,292,000 | -1,754,000 | 11,620,000 | 0 | 0 | -37,728,000 | 33,991,000 | 2,157,000 | -82,899,000 | 84,379,000 | -24,280,000 | 16,979,000 | 7,401,000 |
overdraft | 0 | 0 | 0 | -238,000 | 22,000 | 82,000 | 156,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | -1,710,000 | -7,292,000 | -1,754,000 | 11,858,000 | -22,000 | -82,000 | -37,884,000 | 33,991,000 | 2,157,000 | -82,899,000 | 84,379,000 | -24,280,000 | 16,979,000 | 7,401,000 |
P&L
December 2022turnover
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 2022net 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
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.
rivus fleet solutions limited Companies House Filings - See Documents
date | description | view/download |
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