the rack people limited
the rack people limited Company Information
Company Number
04514007
Next Accounts
May 2026
Directors
Shareholders
h & a enterprise holdings limited
Group Structure
View All
Industry
Other information technology and computer service activities
Registered Address
cathedral house 5 beacon street, lichfield, staffs, WS13 7AA
Website
www.therackpeople.comthe rack people limited Estimated Valuation
Pomanda estimates the enterprise value of THE RACK PEOPLE LIMITED at £200k based on a Turnover of £278.2k and 0.72x industry multiple (adjusted for size and gross margin).
the rack people limited Estimated Valuation
Pomanda estimates the enterprise value of THE RACK PEOPLE LIMITED at £216.3k based on an EBITDA of £44.2k and a 4.89x industry multiple (adjusted for size and gross margin).
the rack people limited Estimated Valuation
Pomanda estimates the enterprise value of THE RACK PEOPLE LIMITED at £493.3k based on Net Assets of £219.3k and 2.25x industry multiple (adjusted for liquidity).
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The Rack People Limited Overview
The Rack People Limited is a live company located in staffs, WS13 7AA with a Companies House number of 04514007. It operates in the other information technology service activities sector, SIC Code 62090. Founded in August 2002, it's largest shareholder is h & a enterprise holdings limited with a 100% stake. The Rack People Limited is a mature, micro sized company, Pomanda has estimated its turnover at £278.2k with low growth in recent years.
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The Rack People Limited Health Check
Pomanda's financial health check has awarded The Rack People Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
4 Weak
Size
annual sales of £278.2k, make it smaller than the average company (£7.7m)
- The Rack People Limited
£7.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (9.7%)
- The Rack People Limited
9.7% - Industry AVG
Production
with a gross margin of 49.7%, this company has a comparable cost of product (49.7%)
- The Rack People Limited
49.7% - Industry AVG
Profitability
an operating margin of 15% make it more profitable than the average company (4%)
- The Rack People Limited
4% - Industry AVG
Employees
with 1 employees, this is below the industry average (43)
1 - The Rack People Limited
43 - Industry AVG
Pay Structure
on an average salary of £74.1k, the company has an equivalent pay structure (£74.1k)
- The Rack People Limited
£74.1k - Industry AVG
Efficiency
resulting in sales per employee of £278.2k, this is more efficient (£178.8k)
- The Rack People Limited
£178.8k - Industry AVG
Debtor Days
it gets paid by customers after 43 days, this is near the average (51 days)
- The Rack People Limited
51 days - Industry AVG
Creditor Days
its suppliers are paid after 226 days, this is slower than average (33 days)
- The Rack People Limited
33 days - Industry AVG
Stock Days
it holds stock equivalent to 145 days, this is more than average (13 days)
- The Rack People Limited
13 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 61 weeks, this is more cash available to meet short term requirements (13 weeks)
61 weeks - The Rack People Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 36%, this is a lower level of debt than the average (62.6%)
36% - The Rack People Limited
62.6% - Industry AVG
THE RACK PEOPLE LIMITED financials
The Rack People Limited's latest turnover from August 2024 is estimated at £278.2 thousand and the company has net assets of £219.3 thousand. According to their latest financial statements, The Rack People Limited has 1 employee and maintains cash reserves of £146.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2024 | Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||||||||
| Other Income Or Grants | ||||||||||||||||
| Cost Of Sales | ||||||||||||||||
| Gross Profit | ||||||||||||||||
| Admin Expenses | ||||||||||||||||
| Operating Profit | ||||||||||||||||
| Interest Payable | ||||||||||||||||
| Interest Receivable | ||||||||||||||||
| Pre-Tax Profit | ||||||||||||||||
| Tax | ||||||||||||||||
| Profit After Tax | ||||||||||||||||
| Dividends Paid | ||||||||||||||||
| Retained Profit | ||||||||||||||||
| Employee Costs | ||||||||||||||||
| Number Of Employees | 1 | 1 | 1 | 2 | 2 | 2 | 3 | 4 | 6 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2024 | Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 6,719 | 7,552 | 4,249 | 1,485 | 756 | 893 | 1,067 | 1,804 | 3,585 | 3,745 | 3,222 | 2,433 | 2,032 | 2,773 | 2,825 | 20,988 |
| Intangible Assets | ||||||||||||||||
| Investments & Other | 2,555 | 2,555 | 2,555 | |||||||||||||
| Debtors (Due After 1 year) | ||||||||||||||||
| Total Fixed Assets | 6,719 | 7,552 | 4,249 | 1,485 | 756 | 893 | 1,067 | 1,804 | 3,585 | 3,745 | 3,222 | 2,433 | 4,587 | 5,328 | 5,380 | 20,988 |
| Stock & work in progress | 55,798 | 48,485 | 1,050 | 4,925 | 5,002 | 15,979 | 15,902 | 13,703 | 12,563 | 12,326 | 14,207 | 17,973 | 19,562 | 19,863 | 27,226 | |
| Trade Debtors | 32,819 | 49,124 | 15,809 | 41,739 | 29,389 | 80,248 | 77,643 | 76,564 | 74,150 | 111,554 | 59,456 | 75,742 | 134,922 | 98,706 | 61,246 | 147,867 |
| Group Debtors | 89,069 | 67,581 | 53,524 | 37,902 | 37,902 | 35,761 | ||||||||||
| Misc Debtors | 11,406 | 6,714 | 498 | 5,497 | 5,161 | 6,839 | ||||||||||
| Cash | 146,582 | 239,112 | 159,581 | 104,811 | 92,206 | 5,440 | 41,248 | 38,367 | 11,731 | 22,377 | 6,751 | 58,301 | 12,177 | 25,190 | 23,839 | 8,680 |
| misc current assets | ||||||||||||||||
| total current assets | 335,674 | 411,016 | 229,412 | 190,999 | 169,583 | 133,290 | 134,870 | 130,833 | 99,584 | 146,494 | 78,533 | 148,250 | 165,072 | 143,458 | 104,948 | 183,773 |
| total assets | 342,393 | 418,568 | 233,661 | 192,484 | 170,339 | 134,183 | 135,937 | 132,637 | 103,169 | 150,239 | 81,755 | 150,683 | 169,659 | 148,786 | 110,328 | 204,761 |
| Bank overdraft | 10,648 | 10,648 | 5,983 | |||||||||||||
| Bank loan | ||||||||||||||||
| Trade Creditors | 86,816 | 205,534 | 20,142 | 52,983 | 44,143 | 56,031 | 64,946 | 83,195 | 72,764 | 104,362 | 70,949 | 105,422 | 93,910 | 90,472 | 52,743 | 125,419 |
| Group/Directors Accounts | ||||||||||||||||
| other short term finances | ||||||||||||||||
| hp & lease commitments | ||||||||||||||||
| other current liabilities | 36,323 | 32,351 | 44,805 | 9,567 | 10,808 | 999 | ||||||||||
| total current liabilities | 123,139 | 237,885 | 75,595 | 73,198 | 54,951 | 63,013 | 64,946 | 83,195 | 72,764 | 104,362 | 70,949 | 105,422 | 93,910 | 90,472 | 52,743 | 125,419 |
| loans | 27,205 | 36,724 | 50,000 | 5,782 | ||||||||||||
| hp & lease commitments | ||||||||||||||||
| Accruals and Deferred Income | ||||||||||||||||
| other liabilities | 11,732 | 16,370 | 13,513 | 19,072 | 37,050 | |||||||||||
| provisions | ||||||||||||||||
| total long term liabilities | 27,205 | 36,724 | 50,000 | 5,782 | 11,732 | 16,370 | 13,513 | 19,072 | 37,050 | |||||||
| total liabilities | 123,139 | 237,885 | 102,800 | 109,922 | 104,951 | 68,795 | 76,678 | 99,565 | 72,764 | 104,362 | 70,949 | 105,422 | 107,423 | 109,544 | 52,743 | 162,469 |
| net assets | 219,254 | 180,683 | 130,861 | 82,562 | 65,388 | 65,388 | 59,259 | 33,072 | 30,405 | 45,877 | 10,806 | 45,261 | 62,236 | 39,242 | 57,585 | 42,292 |
| total shareholders funds | 219,254 | 180,683 | 130,861 | 82,562 | 65,388 | 65,388 | 59,259 | 33,072 | 30,405 | 45,877 | 10,806 | 45,261 | 62,236 | 39,242 | 57,585 | 42,292 |
| Aug 2024 | Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||
| Operating Profit | ||||||||||||||||
| Depreciation | 2,413 | 2,724 | 888 | 529 | 137 | 174 | 737 | 1,781 | 2,506 | 2,086 | 1,317 | 1,145 | 741 | 1,471 | 1,675 | 1,118 |
| Amortisation | ||||||||||||||||
| Tax | ||||||||||||||||
| Stock | 7,313 | 48,485 | -1,050 | -3,875 | -77 | -10,977 | 77 | 2,199 | 1,140 | 237 | -1,881 | -3,766 | -1,589 | -301 | -7,363 | 27,226 |
| Debtors | 9,875 | 53,588 | -15,307 | 12,686 | -50,396 | 45,205 | 1,079 | 2,414 | -37,404 | 52,098 | -16,286 | -59,180 | 36,216 | 37,460 | -86,621 | 147,867 |
| Creditors | -118,718 | 185,392 | -32,841 | 8,840 | -11,888 | -8,915 | -18,249 | 10,431 | -31,598 | 33,413 | -34,473 | 11,512 | 3,438 | 37,729 | -72,676 | 125,419 |
| Accruals and Deferred Income | 3,972 | -12,454 | 35,238 | -1,241 | 9,809 | 999 | ||||||||||
| Deferred Taxes & Provisions | ||||||||||||||||
| Cash flow from operations | ||||||||||||||||
| Investing Activities | ||||||||||||||||
| capital expenditure | ||||||||||||||||
| Change in Investments | -2,555 | 2,555 | ||||||||||||||
| cash flow from investments | ||||||||||||||||
| Financing Activities | ||||||||||||||||
| Bank loans | ||||||||||||||||
| Group/Directors Accounts | ||||||||||||||||
| Other Short Term Loans | ||||||||||||||||
| Long term loans | -27,205 | -9,519 | -13,276 | 44,218 | 5,782 | |||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||||||
| other long term liabilities | -11,732 | -4,638 | 16,370 | -13,513 | -5,559 | 19,072 | -37,050 | 37,050 | ||||||||
| share issue | ||||||||||||||||
| interest | ||||||||||||||||
| cash flow from financing | ||||||||||||||||
| cash and cash equivalents | ||||||||||||||||
| cash | -92,530 | 79,531 | 54,770 | 12,605 | 86,766 | -35,808 | 2,881 | 26,636 | -10,646 | 15,626 | -51,550 | 46,124 | -13,013 | 1,351 | 15,159 | 8,680 |
| overdraft | -10,648 | 10,648 | -5,983 | 5,983 | ||||||||||||
| change in cash | -92,530 | 90,179 | 54,770 | 1,957 | 92,749 | -41,791 | 2,881 | 26,636 | -10,646 | 15,626 | -51,550 | 46,124 | -13,013 | 1,351 | 15,159 | 8,680 |
the rack people limited Credit Report and Business Information
The Rack People Limited Competitor Analysis
Perform a competitor analysis for the rack people limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in WS13 area or any other competitors across 12 key performance metrics.
the rack people limited Ownership
THE RACK PEOPLE LIMITED group structure
The Rack People Limited has no subsidiary companies.
Ultimate parent company
1 parent
THE RACK PEOPLE LIMITED
04514007
the rack people limited directors
The Rack People Limited currently has 1 director, Ms Helen Bignell serving since Mar 2015.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Helen Bignell | England | 51 years | Mar 2015 | - | Director |
P&L
August 2024turnover
278.2k
-32%
operating profit
41.8k
0%
gross margin
49.8%
-0.78%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2024net assets
219.3k
+0.21%
total assets
342.4k
-0.18%
cash
146.6k
-0.39%
net assets
Total assets minus all liabilities
the rack people limited company details
company number
04514007
Type
Private limited with Share Capital
industry
62090 - Other information technology and computer service activities
incorporation date
August 2002
age
23
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
August 2024
previous names
acousti products ltd (May 2013)
accountant
-
auditor
-
address
cathedral house 5 beacon street, lichfield, staffs, WS13 7AA
Bank
-
Legal Advisor
-
the rack people 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 4 charges/mortgages relating to the rack people limited. Currently there are 2 open charges and 2 have been satisfied in the past.
the rack people 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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the rack people limited Companies House Filings - See Documents
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