the rethink group limited
the rethink group limited Company Information
Company Number
05078352
Next Accounts
918 days late
Shareholders
bgf nominees limited
farooq mohammed
View AllGroup Structure
View All
Industry
Other human resources provision
Registered Address
jupiter house, warley hill busin, the drive, brentwood, essex, CM13 3BE
Website
http://rethinkgroupplc.comthe rethink group limited Estimated Valuation
Pomanda estimates the enterprise value of THE RETHINK GROUP LIMITED at £32.8m based on a Turnover of £88.8m and 0.37x industry multiple (adjusted for size and gross margin).
the rethink group limited Estimated Valuation
Pomanda estimates the enterprise value of THE RETHINK GROUP LIMITED at £4.7m based on an EBITDA of £726k and a 6.42x industry multiple (adjusted for size and gross margin).
the rethink group limited Estimated Valuation
Pomanda estimates the enterprise value of THE RETHINK GROUP LIMITED at £0 based on Net Assets of £-2.9m and 1.3x industry multiple (adjusted for liquidity).
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The Rethink Group Limited Overview
The Rethink Group Limited is a live company located in brentwood, CM13 3BE with a Companies House number of 05078352. It operates in the human resources provision and management of human resources functions sector, SIC Code 78300. Founded in March 2004, it's largest shareholder is bgf nominees limited with a 34.2% stake. The Rethink Group Limited is a mature, large sized company, Pomanda has estimated its turnover at £88.8m with declining growth in recent years.
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The Rethink Group Limited Health Check
Pomanda's financial health check has awarded The Rethink Group Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
5 Weak
Size
annual sales of £88.8m, make it larger than the average company (£7.3m)
£88.8m - The Rethink Group Limited
£7.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (3.7%)
-6% - The Rethink Group Limited
3.7% - Industry AVG
Production
with a gross margin of 15.2%, this company has a comparable cost of product (17.8%)
15.2% - The Rethink Group Limited
17.8% - Industry AVG
Profitability
an operating margin of -3% make it less profitable than the average company (2.2%)
-3% - The Rethink Group Limited
2.2% - Industry AVG
Employees
with 164 employees, this is above the industry average (75)
164 - The Rethink Group Limited
75 - Industry AVG
Pay Structure
on an average salary of £58.5k, the company has an equivalent pay structure (£51.8k)
£58.5k - The Rethink Group Limited
£51.8k - Industry AVG
Efficiency
resulting in sales per employee of £541.3k, this is more efficient (£100k)
£541.3k - The Rethink Group Limited
£100k - Industry AVG
Debtor Days
it gets paid by customers after 58 days, this is later than average (46 days)
58 days - The Rethink Group Limited
46 days - Industry AVG
Creditor Days
its suppliers are paid after 32 days, this is slower than average (10 days)
32 days - The Rethink Group Limited
10 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - The Rethink Group Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (8 weeks)
5 weeks - The Rethink Group Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 111.9%, this is a higher level of debt than the average (80.6%)
111.9% - The Rethink Group Limited
80.6% - Industry AVG
THE RETHINK GROUP LIMITED financials
The Rethink Group Limited's latest turnover from December 2020 is £88.8 million and the company has net assets of -£2.9 million. According to their latest financial statements, The Rethink Group Limited has 164 employees and maintains cash reserves of £2.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 88,769,000 | 119,380,000 | 105,295,000 | 105,721,000 | 119,997,000 | 125,487,000 | 114,548,000 | 111,693,000 | 87,259,000 | 78,898,000 | 56,377,000 | 49,745,523 |
| Other Income Or Grants | ||||||||||||
| Cost Of Sales | 75,281,000 | 99,385,000 | 84,767,000 | 85,102,000 | 100,742,000 | 105,732,000 | 95,083,000 | 92,133,000 | 69,073,000 | 60,760,000 | 43,557,000 | 38,824,255 |
| Gross Profit | 13,488,000 | 19,995,000 | 20,528,000 | 20,619,000 | 19,255,000 | 19,755,000 | 19,465,000 | 19,560,000 | 18,186,000 | 18,138,000 | 12,820,000 | 10,921,268 |
| Admin Expenses | 16,140,000 | 20,258,000 | 20,948,000 | 18,153,000 | 18,713,000 | 16,085,000 | 10,311,687 | |||||
| Operating Profit | -2,652,000 | -263,000 | -420,000 | 1,407,000 | -527,000 | 2,053,000 | 609,581 | |||||
| Interest Payable | 1,002,000 | 721,000 | 616,000 | 863,000 | 869,000 | 768,000 | 552,000 | 579,000 | 386,000 | 301,000 | 302,000 | 312,854 |
| Interest Receivable | 70,000 | 240,000 | 102,000 | 263,000 | 6,000 | 2,000 | 156,000 | 777,000 | 3,000 | 4,015 | ||
| Pre-Tax Profit | -3,654,000 | -914,000 | -1,036,000 | -1,163,000 | -3,754,000 | 529,000 | 1,272,000 | 830,000 | -757,000 | 2,529,000 | 920,000 | 300,742 |
| Tax | 29,000 | 63,000 | 47,000 | 185,000 | 62,000 | -127,000 | -333,000 | -172,000 | -21,000 | -375,000 | -284,000 | -86,085 |
| Profit After Tax | -3,625,000 | -851,000 | -989,000 | -978,000 | -3,692,000 | 402,000 | 939,000 | 658,000 | -778,000 | 2,154,000 | 636,000 | 214,657 |
| Dividends Paid | 254,000 | 227,000 | 50,000 | |||||||||
| Retained Profit | -3,625,000 | -851,000 | -1,042,000 | -656,000 | -4,089,000 | 171,000 | 861,000 | 856,000 | -1,002,000 | 1,927,000 | 586,000 | 214,657 |
| Employee Costs | 9,602,000 | 14,503,000 | 15,197,000 | 14,666,000 | 14,688,000 | 12,781,000 | 12,873,000 | 13,687,000 | 14,092,000 | 11,781,000 | 8,565,000 | 7,777,564 |
| Number Of Employees | 164 | 244 | 234 | 246 | 245 | 174 | 188 | 206 | 241 | 173 | 135 | 129 |
| EBITDA* | 726,000 | 1,054,000 | 545,000 | 1,582,000 | -244,000 | 2,313,000 | 808,311 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,484,000 | 2,856,000 | 889,000 | 622,000 | 547,000 | 410,000 | 526,000 | 455,000 | 559,000 | 339,000 | 333,000 | 476,302 |
| Intangible Assets | 2,905,000 | 5,240,000 | 5,588,000 | 6,210,000 | 7,949,000 | 5,658,000 | 4,003,000 | 4,104,000 | 4,046,000 | 4,783,000 | 1,080,000 | 955,912 |
| Investments & Other | 248,000 | 433,000 | 333,000 | 13,000 | 12,000 | 5,000 | ||||||
| Debtors (Due After 1 year) | ||||||||||||
| Total Fixed Assets | 5,389,000 | 8,096,000 | 6,477,000 | 6,832,000 | 8,496,000 | 6,068,000 | 4,529,000 | 4,559,000 | 4,605,000 | 5,122,000 | 1,413,000 | 1,432,214 |
| Stock & work in progress | 85,000 | |||||||||||
| Trade Debtors | 14,116,000 | 18,625,000 | 19,869,000 | 17,943,000 | 19,600,000 | 19,253,000 | 23,810,000 | 22,539,000 | 21,652,000 | 18,595,000 | 14,047,000 | 9,602,315 |
| Group Debtors | ||||||||||||
| Misc Debtors | 2,097,000 | 2,565,000 | 2,061,000 | 1,405,000 | 1,357,000 | 1,248,000 | 1,719,000 | 2,731,000 | 1,207,000 | 1,559,000 | 646,000 | 895,781 |
| Cash | 2,458,000 | 4,658,000 | 1,147,000 | 1,383,000 | 1,071,000 | 2,523,000 | 1,518,000 | 1,600,000 | 1,121,000 | 892,000 | 1,261,000 | 578,186 |
| misc current assets | 59,000 | 4,000 | ||||||||||
| total current assets | 18,674,000 | 25,848,000 | 23,077,000 | 20,790,000 | 22,028,000 | 23,024,000 | 27,047,000 | 26,870,000 | 23,984,000 | 21,046,000 | 16,039,000 | 11,076,282 |
| total assets | 24,063,000 | 33,944,000 | 29,554,000 | 27,622,000 | 30,524,000 | 29,092,000 | 31,576,000 | 31,429,000 | 28,589,000 | 26,168,000 | 17,452,000 | 12,508,496 |
| Bank overdraft | ||||||||||||
| Bank loan | 500,000 | 500,000 | 500,000 | 500,000 | 33,000 | 147,929 | ||||||
| Trade Creditors | 6,738,000 | 9,143,000 | 5,366,000 | 7,482,000 | 9,005,000 | 9,571,000 | 8,774,000 | 8,209,000 | 6,524,000 | 6,780,000 | 4,711,000 | 3,481,550 |
| Group/Directors Accounts | ||||||||||||
| other short term finances | 10,120,000 | 13,282,000 | 10,637,000 | 7,349,000 | 8,510,000 | 7,471,000 | 11,011,000 | 13,304,000 | 13,065,000 | 8,002,000 | 6,300,000 | |
| hp & lease commitments | 103,000 | 167,000 | 79,000 | 95,000 | 35,000 | 49,000 | 3,000 | 82,000 | 72,791 | |||
| other current liabilities | 6,298,000 | 5,885,000 | 7,574,000 | 5,165,000 | 5,869,000 | 3,593,000 | 4,949,000 | 3,756,000 | 3,671,000 | 5,215,000 | 3,279,000 | 6,370,190 |
| total current liabilities | 23,156,000 | 28,310,000 | 24,180,000 | 20,663,000 | 23,384,000 | 21,214,000 | 25,329,000 | 25,304,000 | 23,309,000 | 20,000,000 | 14,405,000 | 10,072,460 |
| loans | 7,490,000 | 9,580,000 | 7,144,000 | 8,070,000 | 7,508,000 | 5,408,000 | 2,104,000 | 14,000 | 80,000 | 446,000 | 6,000 | 226,796 |
| hp & lease commitments | 2,285,000 | 2,255,000 | 51,000 | 24,000 | 104,000 | 6,000 | 94,000 | 7,000 | 40,000 | 1,000 | 3,000 | |
| Accruals and Deferred Income | 389,000 | |||||||||||
| other liabilities | ||||||||||||
| provisions | 40,000 | 74,000 | 200,000 | 382,000 | 522,000 | 304,000 | 82,000 | 100,000 | 22,000 | 12,000 | 42,000 | 38,368 |
| total long term liabilities | 3,765,000 | 4,827,000 | 3,672,000 | 4,226,000 | 4,404,000 | 2,856,000 | 1,093,000 | 57,000 | 51,000 | 229,000 | 24,000 | 132,582 |
| total liabilities | 26,921,000 | 33,137,000 | 27,852,000 | 24,889,000 | 27,788,000 | 24,070,000 | 26,422,000 | 25,361,000 | 23,360,000 | 20,229,000 | 14,429,000 | 10,205,042 |
| net assets | -2,858,000 | 807,000 | 1,702,000 | 2,733,000 | 2,736,000 | 5,022,000 | 5,154,000 | 6,068,000 | 5,229,000 | 5,939,000 | 3,023,000 | 2,303,454 |
| total shareholders funds | -2,858,000 | 807,000 | 1,702,000 | 2,733,000 | 2,736,000 | 5,022,000 | 5,154,000 | 6,068,000 | 5,229,000 | 5,939,000 | 3,023,000 | 2,303,454 |
| Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | -2,652,000 | -263,000 | -420,000 | 1,407,000 | -527,000 | 2,053,000 | 609,581 | |||||
| Depreciation | 841,000 | 954,000 | 312,000 | 300,000 | 280,000 | 207,000 | 234,000 | 153,000 | 199,000 | 175,000 | 190,000 | 197,502 |
| Amortisation | 2,537,000 | 363,000 | 653,000 | 674,000 | 2,604,000 | 489,000 | 45,000 | 22,000 | 84,000 | 85,000 | 41,000 | 1,228 |
| Tax | 29,000 | 63,000 | 47,000 | 185,000 | 62,000 | -127,000 | -333,000 | -172,000 | -21,000 | -375,000 | -284,000 | -86,085 |
| Stock | -85,000 | 85,000 | ||||||||||
| Debtors | -4,977,000 | -740,000 | 2,582,000 | -1,609,000 | 456,000 | -5,028,000 | 259,000 | 2,411,000 | 2,705,000 | 5,461,000 | 4,194,904 | 10,498,096 |
| Creditors | -2,405,000 | 3,777,000 | -2,116,000 | -1,523,000 | -566,000 | 797,000 | 565,000 | 1,685,000 | -256,000 | 2,069,000 | 1,229,450 | 3,481,550 |
| Accruals and Deferred Income | 413,000 | -1,689,000 | 2,409,000 | -1,093,000 | 2,665,000 | -1,356,000 | 1,193,000 | 85,000 | -1,544,000 | 1,936,000 | -3,091,190 | 6,370,190 |
| Deferred Taxes & Provisions | -34,000 | -126,000 | -182,000 | -140,000 | 218,000 | 222,000 | -18,000 | 78,000 | 10,000 | -30,000 | 3,632 | 38,368 |
| Cash flow from operations | 3,706,000 | 3,819,000 | -1,879,000 | 847,000 | -4,760,000 | 537,000 | 114,238 | |||||
| Investing Activities | ||||||||||||
| capital expenditure | ||||||||||||
| Change in Investments | -185,000 | 100,000 | 333,000 | -13,000 | 1,000 | 7,000 | 5,000 | |||||
| cash flow from investments | ||||||||||||
| Financing Activities | ||||||||||||
| Bank loans | -500,000 | 500,000 | -500,000 | 500,000 | -33,000 | -114,929 | 147,929 | |||||
| Group/Directors Accounts | ||||||||||||
| Other Short Term Loans | -3,162,000 | 2,645,000 | 3,288,000 | -1,161,000 | 1,039,000 | -3,540,000 | -2,293,000 | 239,000 | 5,063,000 | 1,702,000 | 6,300,000 | |
| Long term loans | -2,090,000 | 2,436,000 | -926,000 | 562,000 | 2,100,000 | 3,304,000 | 2,090,000 | -66,000 | -366,000 | 440,000 | -220,796 | 226,796 |
| Hire Purchase and Lease Commitments | 30,000 | 2,101,000 | -37,000 | 87,000 | 19,000 | -104,000 | 147,000 | -47,000 | 85,000 | -81,000 | 12,209 | 72,791 |
| other long term liabilities | ||||||||||||
| share issue | ||||||||||||
| interest | -1,002,000 | -651,000 | -616,000 | -623,000 | -767,000 | -505,000 | -546,000 | -577,000 | -230,000 | 476,000 | -299,000 | -308,839 |
| cash flow from financing | -6,264,000 | 5,987,000 | 1,720,000 | 18,000 | 3,694,000 | -1,148,000 | -1,877,000 | -468,000 | 4,844,000 | 3,493,000 | 5,811,030 | 2,227,474 |
| cash and cash equivalents | ||||||||||||
| cash | -2,200,000 | 3,511,000 | -236,000 | 312,000 | -1,452,000 | 1,005,000 | -82,000 | 479,000 | 229,000 | -369,000 | 682,814 | 578,186 |
| overdraft | ||||||||||||
| change in cash | -2,200,000 | 3,511,000 | -236,000 | 312,000 | -1,452,000 | 1,005,000 | -82,000 | 479,000 | 229,000 | -369,000 | 682,814 | 578,186 |
the rethink group limited Credit Report and Business Information
The Rethink Group Limited Competitor Analysis
Perform a competitor analysis for the rethink group limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in CM13 area or any other competitors across 12 key performance metrics.
the rethink group limited Ownership
THE RETHINK GROUP LIMITED group structure
The Rethink Group Limited has 4 subsidiary companies.
Ultimate parent company
THE RETHINK GROUP LIMITED
05078352
4 subsidiaries
the rethink group limited directors
The Rethink Group Limited currently has 3 directors. The longest serving directors include Mr John Osullivan (Mar 2005) and Mr John Zafar (Mar 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Osullivan | 69 years | Mar 2005 | - | Director | |
| Mr John Zafar | England | 62 years | Mar 2017 | - | Director |
| Mr David Chubb | England | 62 years | Jan 2022 | - | Director |
P&L
December 2020turnover
88.8m
-26%
operating profit
-2.7m
+908%
gross margin
15.2%
-9.28%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2020net assets
-2.9m
-4.54%
total assets
24.1m
-0.29%
cash
2.5m
-0.47%
net assets
Total assets minus all liabilities
the rethink group limited company details
company number
05078352
Type
Private limited with Share Capital
industry
78300 - Other human resources provision
incorporation date
March 2004
age
21
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2020
previous names
the rethink group plc (December 2014)
the rethink group limited (June 2008)
See moreaccountant
-
auditor
BDO LLP
address
jupiter house, warley hill busin, the drive, brentwood, essex, CM13 3BE
Bank
BANK OF SCOTLAND
Legal Advisor
-
the rethink group 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 10 charges/mortgages relating to the rethink group limited. Currently there are 0 open charges and 10 have been satisfied in the past.
the rethink group 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 rethink group limited Companies House Filings - See Documents
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