rack armour limited
rack armour limited Company Information
Company Number
04912798
Next Accounts
92 days late
Shareholders
the rack group ltd
Group Structure
View All
Industry
Manufacture of other plastic products
Registered Address
unit 3 shawfield road, carlton industrial estate, barnsley, south yorkshire, S71 3HS
Website
www.rackarmour.comrack armour limited Estimated Valuation
Pomanda estimates the enterprise value of RACK ARMOUR LIMITED at £147.5k based on a Turnover of £425.8k and 0.35x industry multiple (adjusted for size and gross margin).
rack armour limited Estimated Valuation
Pomanda estimates the enterprise value of RACK ARMOUR LIMITED at £180.8k based on an EBITDA of £67.8k and a 2.66x industry multiple (adjusted for size and gross margin).
rack armour limited Estimated Valuation
Pomanda estimates the enterprise value of RACK ARMOUR LIMITED at £2.2m based on Net Assets of £1.3m and 1.67x industry multiple (adjusted for liquidity).
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Rack Armour Limited Overview
Rack Armour Limited is a live company located in barnsley, S71 3HS with a Companies House number of 04912798. It operates in the manufacture of other plastic products sector, SIC Code 22290. Founded in September 2003, it's largest shareholder is the rack group ltd with a 100% stake. Rack Armour Limited is a mature, micro sized company, Pomanda has estimated its turnover at £425.8k with declining growth in recent years.
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Rack Armour Limited Health Check
Pomanda's financial health check has awarded Rack Armour Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
4 Weak
Size
annual sales of £425.8k, make it smaller than the average company (£14.6m)
£425.8k - Rack Armour Limited
£14.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -15%, show it is growing at a slower rate (6.4%)
- Rack Armour Limited
6.4% - Industry AVG
Production
with a gross margin of 19.7%, this company has a higher cost of product (26.5%)
19.7% - Rack Armour Limited
26.5% - Industry AVG
Profitability
an operating margin of 13.2% make it more profitable than the average company (6%)
13.2% - Rack Armour Limited
6% - Industry AVG
Employees
with 2 employees, this is below the industry average (90)
2 - Rack Armour Limited
90 - Industry AVG
Pay Structure
on an average salary of £35.9k, the company has an equivalent pay structure (£35.9k)
- Rack Armour Limited
£35.9k - Industry AVG
Efficiency
resulting in sales per employee of £212.9k, this is more efficient (£161.1k)
£212.9k - Rack Armour Limited
£161.1k - Industry AVG
Debtor Days
it gets paid by customers after 19 days, this is earlier than average (56 days)
19 days - Rack Armour Limited
56 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Rack Armour Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Rack Armour Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Rack Armour Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 0.1%, this is a lower level of debt than the average (43.9%)
0.1% - Rack Armour Limited
43.9% - Industry AVG
RACK ARMOUR LIMITED financials
Rack Armour Limited's latest turnover from March 2023 is £425.8 thousand and the company has net assets of £1.3 million. According to their latest financial statements, Rack Armour Limited has 2 employees and maintains cash reserves of £26.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 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 | 425,753 | 1,174,379 | |||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 342,068 | 534,170 | |||||||||||||
| Gross Profit | 83,685 | 640,209 | |||||||||||||
| Admin Expenses | 27,419 | 29,320 | |||||||||||||
| Operating Profit | 56,266 | 610,889 | |||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | 14 | 266 | |||||||||||||
| Pre-Tax Profit | 56,280 | 611,155 | |||||||||||||
| Tax | 29,864 | -48,736 | |||||||||||||
| Profit After Tax | 86,144 | 562,419 | |||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | 86,144 | 562,419 | |||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 2 | 31 | 38 | 5 | 3 | 2 | 2 | 2 | |||||||
| EBITDA* | 67,833 | 622,600 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 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 | 8,911 | 22,977 | 29,973 | 25,745 | 25,519 | 3,355 | 4,548 | 1,715 | 2,573 | 2,652 | 4,901 | 4,050 | 5,247 | 7,019 | |
| Intangible Assets | 42,244 | 47,096 | 51,948 | 54,778 | 59,630 | 64,482 | 64,834 | 69,686 | 74,538 | 57,352 | 58,824 | 63,832 | 61,740 | 59,237 | 65,040 |
| Investments & Other | 50,000 | 50,000 | 50,000 | ||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 42,244 | 56,007 | 74,925 | 84,751 | 85,375 | 90,001 | 68,189 | 74,234 | 126,253 | 109,925 | 111,476 | 68,733 | 65,790 | 64,484 | 72,059 |
| Stock & work in progress | 313,431 | 196,909 | 202,399 | 236,667 | 221,696 | 179,577 | 136,107 | 96,003 | 87,932 | 105,662 | 89,926 | 95,193 | 63,752 | 76,382 | |
| Trade Debtors | 22,164 | 118,396 | 206,885 | 180,041 | 170,131 | 112,978 | 117,486 | 178,543 | 238,427 | 304,076 | 427,606 | 203,352 | 229,973 | 384,595 | 192,285 |
| Group Debtors | 1,191,916 | 648,624 | 189,739 | 271,441 | 427,613 | 83,548 | 313,562 | 50,271 | |||||||
| Misc Debtors | 29,423 | 17,119 | 8,966 | 15,789 | 16,016 | 32,410 | 18,405 | 47,030 | |||||||
| Cash | 26,713 | 168,571 | 302,660 | 1,180,678 | 1,207,262 | 1,399,273 | 1,083,070 | 1,185,205 | 981,282 | 582,483 | 419,437 | 479,703 | 390,025 | 148,249 | 76,084 |
| misc current assets | |||||||||||||||
| total current assets | 1,270,216 | 1,266,141 | 905,159 | 1,850,348 | 2,057,689 | 1,849,905 | 1,712,100 | 1,597,156 | 1,315,712 | 974,491 | 952,705 | 772,981 | 715,191 | 596,596 | 344,751 |
| total assets | 1,312,460 | 1,322,148 | 980,084 | 1,935,099 | 2,143,064 | 1,939,906 | 1,780,289 | 1,671,390 | 1,441,965 | 1,084,416 | 1,064,181 | 841,714 | 780,981 | 661,080 | 416,810 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 14,130 | 275,590 | 159,501 | 231,251 | 64,929 | 74,873 | 106,399 | 171,967 | 123,375 | 262,920 | 275,459 | 304,708 | 374,646 | 193,891 | |
| Group/Directors Accounts | 289 | 10,291 | |||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 80,973 | 39,423 | 22,513 | 52,885 | 16,057 | 33,225 | 47,077 | ||||||||
| total current liabilities | 95,392 | 315,013 | 182,014 | 284,136 | 80,986 | 108,098 | 163,767 | 171,967 | 123,375 | 262,920 | 275,459 | 304,708 | 374,646 | 193,891 | |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 1,049 | 1,489 | 2,223 | 13,710 | 16,221 | 16,927 | 12,744 | 14,575 | 11,763 | 12,159 | 13,572 | 15,731 | 16,814 | 11,630 | 14,908 |
| total long term liabilities | 1,049 | 1,489 | 2,223 | 13,710 | 16,221 | 16,927 | 12,744 | 14,575 | 11,763 | 12,159 | 13,572 | 15,731 | 16,814 | 11,630 | 14,908 |
| total liabilities | 1,049 | 96,881 | 317,236 | 195,724 | 300,357 | 97,913 | 120,842 | 178,342 | 183,730 | 135,534 | 276,492 | 291,190 | 321,522 | 386,276 | 208,799 |
| net assets | 1,311,411 | 1,225,267 | 662,848 | 1,739,375 | 1,842,707 | 1,841,993 | 1,659,447 | 1,493,048 | 1,258,235 | 948,882 | 787,689 | 550,524 | 459,459 | 274,804 | 208,011 |
| total shareholders funds | 1,311,411 | 1,225,267 | 662,848 | 1,739,375 | 1,842,707 | 1,841,993 | 1,659,447 | 1,493,048 | 1,258,235 | 948,882 | 787,689 | 550,524 | 459,459 | 274,804 | 208,011 |
| Mar 2023 | Mar 2022 | Mar 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 | 56,266 | 610,889 | |||||||||||||
| Depreciation | 6,715 | 6,859 | 6,996 | 12,245 | 7,447 | 2,601 | 1,567 | 1,574 | 858 | 891 | 2,249 | 1,972 | 1,852 | 1,772 | 1,755 |
| Amortisation | 4,852 | 4,852 | 2,830 | 4,852 | 4,852 | 4,852 | 4,852 | 4,852 | 7,523 | 13,993 | 8,448 | 12,029 | 9,646 | 15,483 | 4,616 |
| Tax | 29,864 | -48,736 | |||||||||||||
| Stock | -313,431 | 116,522 | -5,490 | -34,268 | 14,971 | 42,119 | 43,470 | 40,104 | 8,071 | -17,730 | 15,736 | -5,267 | 31,441 | -12,630 | 76,382 |
| Debtors | 459,364 | 378,549 | -61,681 | -146,489 | 384,824 | -220,517 | 173,609 | 37,417 | -65,649 | -123,530 | 224,254 | -26,621 | -154,622 | 192,310 | 192,285 |
| Creditors | -14,130 | -261,460 | 116,089 | -71,750 | 166,322 | -9,944 | -31,526 | -65,568 | 48,592 | -139,545 | -12,539 | -29,249 | -69,938 | 180,755 | 193,891 |
| Accruals and Deferred Income | -80,973 | 41,550 | 16,910 | -30,372 | 36,828 | -17,168 | -13,852 | 47,077 | |||||||
| Deferred Taxes & Provisions | -440 | -734 | -11,487 | -2,511 | -706 | 4,183 | -1,831 | 2,812 | -396 | -1,413 | -2,159 | -1,083 | 5,184 | -3,278 | 14,908 |
| Cash flow from operations | -143,779 | -141,851 | |||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -50,000 | 50,000 | |||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -289 | 289 | -10,291 | 10,291 | |||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | 14 | 266 | |||||||||||||
| cash flow from financing | -275 | 555 | |||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -141,858 | -134,089 | -878,018 | -26,584 | -192,011 | 316,203 | -102,135 | 203,923 | 398,799 | 163,046 | -60,266 | 89,678 | 241,776 | 72,165 | 76,084 |
| overdraft | |||||||||||||||
| change in cash | -141,858 | -134,089 | -878,018 | -26,584 | -192,011 | 316,203 | -102,135 | 203,923 | 398,799 | 163,046 | -60,266 | 89,678 | 241,776 | 72,165 | 76,084 |
rack armour limited Credit Report and Business Information
Rack Armour Limited Competitor Analysis
Perform a competitor analysis for rack armour limited by selecting its closest rivals, whether from the MANUFACTURING sector, other micro companies, companies in S71 area or any other competitors across 12 key performance metrics.
rack armour limited Ownership
RACK ARMOUR LIMITED group structure
Rack Armour Limited has no subsidiary companies.
Ultimate parent company
2 parents
RACK ARMOUR LIMITED
04912798
rack armour limited directors
Rack Armour Limited currently has 2 directors. The longest serving directors include Mr Neil Stephenson (Aug 2022) and Mr Richard Harden (Apr 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Neil Stephenson | England | 64 years | Aug 2022 | - | Director |
| Mr Richard Harden | 48 years | Apr 2024 | - | Director |
P&L
March 2023turnover
425.8k
-64%
operating profit
56.3k
-91%
gross margin
19.7%
-63.94%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
1.3m
+0.07%
total assets
1.3m
-0.01%
cash
26.7k
-0.84%
net assets
Total assets minus all liabilities
rack armour limited company details
company number
04912798
Type
Private limited with Share Capital
industry
22290 - Manufacture of other plastic products
incorporation date
September 2003
age
22
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
March 2023
previous names
N/A
accountant
MAZARS LLP
auditor
-
address
unit 3 shawfield road, carlton industrial estate, barnsley, south yorkshire, S71 3HS
Bank
THE ROYAL BANK OF SCOTLAND PLC
Legal Advisor
-
rack armour 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 1 charges/mortgages relating to rack armour limited. Currently there are 0 open charges and 1 have been satisfied in the past.
rack armour 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.
Click to start generating capital raising & share issue transactions for RACK ARMOUR LIMITED. This can take several minutes, an email will notify you when this has completed.
rack armour limited Companies House Filings - See Documents
| date | description | view/download |
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