Rainham Steel Holdings Limited

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rainham steel holdings limited Company Information

Live

MatureMegaHigh

Company Number

04385487

Website

www.rainhamsteel.co.uk

Registered Address

orbital house 20 eastern road, romford, essex, RM1 3PJ

Industry

Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.

Telephone

01402756034

Next Accounts Due

December 2024

Group Structure

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Directors

Trevor Webb22 Years

Kathryn Ives22 Years

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Shareholders

trevor webb 53.3%

trustees of the wj ives 2003 settlement 41.7%

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rainham steel holdings limited Estimated Valuation

£715.9m

Pomanda estimates the enterprise value of RAINHAM STEEL HOLDINGS LIMITED at £715.9m based on a Turnover of £271.7m and 2.64x industry multiple (adjusted for size and gross margin).

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Rainham Steel Holdings Limited is a live company located in essex, RM1 3PJ with a Companies House number of 04385487. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in March 2002, it's largest shareholder is trevor webb with a 53.3% stake. Rainham Steel Holdings Limited is a mature, mega sized company, Pomanda has estimated its turnover at £271.7m with high growth in recent years.

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Pomanda's financial health check has awarded Rainham Steel Holdings 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

2 Regular

4 Weak

Size

annual sales of £271.7m, make it larger than the average company (£18.5m)

Growth

3 year (CAGR) sales growth of 25%, show it is growing at a faster rate (7.4%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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RAINHAM STEEL HOLDINGS LIMITED group structure

Rainham Steel Holdings Limited has 3 subsidiary companies.

Ultimate parent company

RAINHAM STEEL HOLDINGS LIMITED

04385487

3 subsidiaries

RAINHAM STEEL TUBES LIMITED

02888323

STEEL 4 BUILDERS LIMITED

06936949

RAINHAM STEEL COMPANY LIMITED

01093531

RAINHAM STEEL HOLDINGS LIMITED Shareholders

trevor webb	53.3%
trustees of the wj ives 2003 settlement	41.72%
trustee of on behalf of the rainham steel employee trust	4.43%
alison chapman	0.55%

Rainham Steel Holdings Limited currently has 5 directors. The longest serving directors include Mr Trevor Webb (May 2002) and Ms Kathryn Ives (May 2002).

officer	country	age	start	end	role
Mr Trevor Webb	United Kingdom	65 years	May 2002	-	Director
Ms Kathryn Ives	United Kingdom	46 years	May 2002	-	Director
Miss Alison Chapman	England	59 years	Aug 2011	-	Director
Mr Jonathan Dixon	England	47 years	Apr 2022	-	Director
Mr Jonathan Dixon	England	47 years	Apr 2022	-	Director

EXPORT

Rainham Steel Holdings Limited's latest turnover from March 2023 is £271.7 million and the company has net assets of £76.7 million. According to their latest financial statements, Rainham Steel Holdings Limited has 236 employees and maintains cash reserves of £25.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	271,681,221	255,105,238	129,431,553	139,190,230	126,004,913	114,452,988	108,532,219	90,191,008	99,916,910	99,868,504	96,049,117	90,756,802	86,227,459	63,589,955
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	190,975,442	166,250,350	96,465,540	110,066,659	94,597,209	82,120,498	72,466,534	69,642,085	75,986,966	77,830,180	74,750,026	69,079,369	57,193,948	57,026,311
Gross Profit	80,705,779	88,854,888	32,966,013	29,123,571	31,407,704	32,332,490	36,065,685	20,548,923	23,929,944	22,038,324	21,299,091	21,677,433	29,033,511	6,563,644
Admin Expenses	47,878,184	75,356,512	29,209,785	25,987,812	27,627,069	28,786,567	31,877,856	18,749,480	20,708,408	18,959,915	17,704,319	18,598,026	25,077,679	10,026,033
Operating Profit	32,827,595	13,498,376	3,756,228	3,135,759	3,780,635	3,545,923	4,187,829	1,799,443	3,221,536	3,078,409	3,594,772	3,079,407	3,955,832	-3,462,389
Interest Payable	863,017	450,097	725,908	629,800	485,352	110,890	190,081	321,317	486,733	437,580	232,244	49,278	206,639	522,870
Interest Receivable	4,236	3,679	8,679	17,257	62,273	13,970	452,592	787,819	556,269	626,374	240,464	28,549	15,945	28,593
Pre-Tax Profit	31,968,814	13,051,958	3,038,999	2,523,216	3,357,556	3,449,003	4,450,340	2,265,945	3,291,072	3,276,721	3,607,816	3,063,211	3,769,428	-3,952,578
Tax	-1,989,506	-5,696,107	-588,970	-543,341	-615,206	-718,283	-1,148,967	-514,507	-746,360	-827,974	-943,841	-918,642	-1,114,137	936,549
Profit After Tax	29,979,308	7,355,851	2,450,029	1,979,875	2,742,350	2,730,720	3,301,373	1,751,438	2,544,712	2,448,747	2,663,975	2,144,569	2,655,291	-3,016,029
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	29,979,308	7,355,851	2,450,029	1,979,875	2,742,350	2,730,720	3,301,373	1,751,438	2,544,712	2,448,747	2,663,975	2,144,569	2,655,291	-3,016,029
Employee Costs	34,693,870	62,282,759	20,281,616	17,572,134	20,354,369	20,785,141	23,960,832	12,323,668	13,894,235	12,028,105	11,264,454	12,167,644	19,107,487	4,260,263
Number Of Employees	236	217	189	187	177	178	172	166	157	158	147	135	128	126
EBITDA*	36,382,876	17,302,884	6,255,418	5,100,390	5,710,768	5,667,329	5,690,043	3,083,135	4,523,269	4,313,110	4,788,005	4,478,999	5,394,968	-1,807,036

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	15,391,854	13,957,637	9,991,795	8,518,298	8,647,044	9,378,296	7,764,383	7,404,670	7,754,657	7,866,236	8,000,935	8,914,973	9,375,353	10,280,666
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	71,196	71,196	71,196	71,196	71,196	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	6,336,065	3,550,065	3,551,565	0	0	0
Total Fixed Assets	15,463,050	14,028,833	10,062,991	8,589,494	8,718,240	9,378,296	7,764,383	7,404,670	14,090,722	11,416,301	11,552,500	8,914,973	9,375,353	10,280,666
Stock & work in progress	136,371,147	122,380,167	57,243,715	60,641,434	61,532,447	46,600,067	40,956,880	24,042,049	30,697,441	26,055,519	24,482,292	25,098,562	21,113,357	18,936,314
Trade Debtors	52,688,744	57,116,797	39,050,035	31,395,512	28,861,091	27,949,134	27,415,464	21,230,236	22,413,099	24,687,321	21,728,406	23,125,934	23,361,589	15,933,730
Group Debtors	204,305	500,289	571,968	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	7,738,587	3,785,437	6,506,850	2,696,981	4,006,037	8,201,265	1,456,988	15,176,471	8,769,987	9,929,176	2,519,975	1,448,404	1,728,640	2,183,123
Cash	25,254	694,040	7,095,645	3,072,312	172,511	442,834	7,321,393	167,622	104,002	123,390	1,006,216	126,001	8,802,621	998,055
misc current assets	0	0	0	0	0	71,196	71,196	71,196	71,196	71,196	71,196	71,196	71,196	71,196
total current assets	197,028,037	184,476,730	110,468,213	97,806,239	94,572,086	83,264,496	77,221,921	60,687,574	62,055,725	60,866,602	49,808,085	49,870,097	55,077,403	38,122,418
total assets	212,491,087	198,505,563	120,531,204	106,395,733	103,290,326	92,642,792	84,986,304	68,092,244	76,146,447	72,282,903	61,360,585	58,785,070	64,452,756	48,403,084
Bank overdraft	25,805,459	3,838,883	0	0	5,270,407	9,084,166	256,508	8,923,086	12,957,175	13,899,076	11,152,638	4,155,496	0	0
Bank loan	0	0	0	0	0	0	0	0	4,000,000	5,000,000	0	0	0	0
Trade Creditors	40,175,962	57,433,393	40,470,296	24,173,744	16,863,850	7,308,260	16,860,619	9,754,446	9,794,889	6,194,108	4,855,214	13,563,097	14,212,505	14,501,227
Group/Directors Accounts	4,243,238	1,796,698	155,776	894,108	243,906	176,492	363,871	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	2,184,282	2,060,374	1,256,313	995,817	741,611	544,652	185,747	227,165	0	0	0	0	0	38,019
other current liabilities	58,119,278	60,542,524	14,171,073	12,980,581	18,022,767	20,612,670	21,740,468	6,827,207	8,015,467	8,871,278	9,294,723	8,431,030	19,010,443	737,046
total current liabilities	130,528,219	125,671,872	56,053,458	39,044,250	41,142,541	37,726,240	39,407,213	25,731,904	34,767,531	33,964,462	25,302,575	26,149,623	33,222,948	15,276,292
loans	2,895,885	7,533,678	7,770,215	13,746,629	10,498,410	6,221,492	0	5,210	1,141,341	671,010	872,174	80,331	800,919	5,573,369
hp & lease commitments	1,508,673	2,326,597	1,338,415	757,776	868,683	686,748	230,594	323,734	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	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	857,638	482,052	233,603	161,594	75,083	45,053	116,391	100,663	58,280	12,848	0	33,255	51,597	7,954
total long term liabilities	5,262,196	10,342,327	9,342,233	14,665,999	11,442,176	6,953,293	346,985	429,607	1,199,621	683,858	872,174	113,586	852,516	5,581,323
total liabilities	135,790,415	136,014,199	65,395,691	53,710,249	52,584,717	44,679,533	39,754,198	26,161,511	35,967,152	34,648,320	26,174,749	26,263,209	34,075,464	20,857,615
net assets	76,700,672	62,491,364	55,135,513	52,685,484	50,705,609	47,963,259	45,232,106	41,930,733	40,179,295	37,634,583	35,185,836	32,521,861	30,377,292	27,545,469
total shareholders funds	76,700,672	62,491,364	55,135,513	52,685,484	50,705,609	47,963,259	45,232,106	41,930,733	40,179,295	37,634,583	35,185,836	32,521,861	30,377,292	27,545,469

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	32,827,595	13,498,376	3,756,228	3,135,759	3,780,635	3,545,923	4,187,829	1,799,443	3,221,536	3,078,409	3,594,772	3,079,407	3,955,832	-3,462,389
Depreciation	3,555,281	3,804,508	2,499,190	1,964,631	1,930,133	2,121,406	1,502,214	1,283,692	1,301,733	1,234,701	1,193,233	1,399,592	1,439,136	1,655,353
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-1,989,506	-5,696,107	-588,970	-543,341	-615,206	-718,283	-1,148,967	-514,507	-746,360	-827,974	-943,841	-918,642	-1,114,137	936,549
Stock	13,990,980	65,136,452	-3,397,719	-891,013	14,932,380	5,643,187	16,914,831	-6,655,392	4,641,922	1,573,227	-616,270	3,985,205	2,177,043	18,936,314
Debtors	-770,887	15,273,670	12,036,360	1,225,365	-3,283,271	7,277,947	-7,534,255	-1,112,444	-647,411	10,366,616	3,225,608	-515,891	6,973,376	18,116,853
Creditors	-17,257,431	16,963,097	16,296,552	7,309,894	9,555,590	-9,552,359	7,106,173	-40,443	3,600,781	1,338,894	-8,707,883	-649,408	-288,722	14,501,227
Accruals and Deferred Income	-2,423,246	46,371,451	1,190,492	-5,042,186	-2,589,903	-1,127,798	14,913,261	-1,188,260	-855,811	-423,445	863,693	-10,579,413	18,273,397	737,046
Deferred Taxes & Provisions	375,586	248,449	72,009	86,511	30,030	-71,338	15,728	42,383	45,432	12,848	-33,255	-18,342	43,643	7,954
Cash flow from operations	1,868,186	-5,220,348	14,586,860	6,576,916	442,170	-18,723,583	17,195,662	9,150,144	2,572,800	-7,526,410	-6,642,619	-11,156,120	13,158,730	-22,677,427
Investing Activities
capital expenditure	0	0	0	0	0	-2,560,683	-1,252,542	-153,819	-1,175,751	-1,112,672	-273,538	-926,569	-520,870	-831,132
Change in Investments	0	0	0	0	71,196	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	-71,196	-2,560,683	-1,252,542	-153,819	-1,175,751	-1,112,672	-273,538	-926,569	-520,870	-831,132
Financing Activities
Bank loans	0	0	0	0	0	0	0	-4,000,000	-1,000,000	5,000,000	0	0	0	0
Group/Directors Accounts	2,446,540	1,640,922	-738,332	650,202	67,414	-187,379	363,871	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-4,637,793	-236,537	-5,976,414	3,248,219	4,276,918	6,221,492	-5,210	-1,136,131	470,331	-201,164	791,843	-720,588	-4,772,450	5,573,369
Hire Purchase and Lease Commitments	-694,016	1,792,243	841,135	143,299	378,894	815,059	-134,558	550,899	0	0	0	0	-38,019	38,019
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	-15,770,000	0	0	0	0	433	0	0	0	0	0	0	176,532	30,561,498
interest	-858,781	-446,418	-717,229	-612,543	-423,079	-96,920	262,511	466,502	69,536	188,794	8,220	-20,729	-190,694	-494,277
cash flow from financing	-19,514,050	2,750,210	-6,590,840	3,429,177	4,300,147	6,752,685	486,614	-4,118,730	-460,133	4,987,630	800,063	-741,317	-4,824,631	35,678,609
cash and cash equivalents
cash	-668,786	-6,401,605	4,023,333	2,899,801	-270,323	-6,878,559	7,153,771	63,620	-19,388	-882,826	880,215	-8,676,620	7,804,566	998,055
overdraft	21,966,576	3,838,883	0	-5,270,407	-3,813,759	8,827,658	-8,666,578	-4,034,089	-941,901	2,746,438	6,997,142	4,155,496	0	0
change in cash	-22,635,362	-10,240,488	4,023,333	8,170,208	3,543,436	-15,706,217	15,820,349	4,097,709	922,513	-3,629,264	-6,116,927	-12,832,116	7,804,566	998,055

P&L

March 2023

turnover

271.7m

+6%

operating profit

32.8m

+143%

gross margin

29.8%

-14.71%

turnover

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

Balance Sheet

March 2023

net assets

76.7m

+0.23%

total assets

212.5m

+0.07%

cash

25.3k

-0.96%

net assets

Total assets minus all liabilities

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company number

04385487

Type

Private limited with Share Capital

industry

64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.

incorporation date

March 2002

age

accounts

Group

ultimate parent company

None

previous names

N/A

incorporated

address

orbital house 20 eastern road, romford, essex, RM1 3PJ

last accounts submitted

March 2023

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 did not find charges/mortgages relating to rainham steel holdings limited.

rainham steel holdings limited Company Information

rainham steel holdings limited Estimated Valuation

rainham steel holdings limited Estimated Valuation

rainham steel holdings limited Estimated Valuation

Rainham Steel Holdings Limited AI Business Plan

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