Rapid Improvement Limited

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rapid improvement limited Company Information

Live

EstablishedMidRapid

Company Number

06129256

Next Accounts

Dec 2024

Industry

Other social work activities without accommodation n.e.c.

Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.

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Directors

Isaac Dweben

Marian Dweben

Shareholders

isaac dweben

marian dweben

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Group Structure

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Contact

Registered Address

34-38 upper green east, mitcham, CR4 2PB

Website

www.rapidimprovement.co.uk

rapid improvement limited Estimated Valuation

£5.9m

Pomanda estimates the enterprise value of RAPID IMPROVEMENT LIMITED at £5.9m based on a Turnover of £11.6m and 0.51x industry multiple (adjusted for size and gross margin).

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Rapid Improvement Limited is a live company located in mitcham, CR4 2PB with a Companies House number of 06129256. It operates in the other activities of employment placement agencies sector, SIC Code 78109. Founded in February 2007, it's largest shareholder is isaac dweben with a 61.5% stake. Rapid Improvement Limited is a established, mid sized company, Pomanda has estimated its turnover at £11.6m with rapid growth in recent years.

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Pomanda's financial health check has awarded Rapid Improvement Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

4 Regular

3 Weak

Size

annual sales of £11.6m, make it larger than the average company (£2.3m)

Growth

3 year (CAGR) sales growth of 59%, show it is growing at a faster rate (4.9%)

EXPORT

Rapid Improvement Limited's latest turnover from March 2023 is estimated at £11.6 million and the company has net assets of £1.2 million. According to their latest financial statements, Rapid Improvement Limited has 160 employees and maintains cash reserves of £88.2 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	11,616,561	5,617,054	5,163,258	2,906,360	4,831,286	1,423,885	880,125	853,651	719,843	478,641	393,981	264,581	209,418	282,236
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	7,503,827	3,603,499	3,420,787	1,909,015	3,231,058	946,543	571,822	0	0	319,947	253,109	164,526	126,546	174,005
Gross Profit	4,112,734	2,013,555	1,742,471	997,344	1,600,227	477,342	308,303	853,651	719,843	158,695	140,873	100,054	82,872	108,231
Admin Expenses	3,587,838	1,812,335	1,587,216	691,072	1,471,494	400,686	271,484	831,072	678,166	142,859	140,261	92,065	66,726	101,108
Operating Profit	524,896	201,220	155,255	306,272	128,733	76,656	36,819	22,579	41,677	15,836	612	7,989	16,146	7,123
Interest Payable	0	0	0	0	0	0	0	148	760	0	0	0	22	33
Interest Receivable	9,015	1,886	222	257	1,175	329	86	74	0	42	55	43	0	0
Pre-Tax Profit	533,911	203,106	155,478	306,528	129,909	76,985	36,905	22,505	40,917	15,878	667	8,032	16,124	7,090
Tax	-101,443	-38,590	-29,541	-58,240	-24,683	-14,627	-7,381	-5,645	-9,290	-3,652	-160	-2,088	-3,795	-1,488
Profit After Tax	432,468	164,516	125,937	248,288	105,226	62,358	29,524	16,860	31,627	12,226	507	5,944	12,329	5,602
Dividends Paid	0	0	0	0	0	0	0	12,000	15,000	0	0	0	6,000	3,000
Retained Profit	432,468	164,516	125,937	248,288	105,226	62,358	29,524	4,860	16,627	12,226	507	5,944	6,329	2,602
Employee Costs	5,099,427	4,150,714	1,265,496	1,276,240	1,275,788	821,440	511,460	483,998	404,269	266,279	235,419	155,298	126,071	179,758
Number Of Employees	160	138	45	45	45	30	19	18	15	10	9	6	5	7
EBITDA*	606,856	280,929	220,696	357,862	154,299	100,336	36,819	31,703	50,236	21,014	4,948	11,200	18,976	12,269

* 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	78,961	129,186	100,880	78,931	33,839	35,319	28,882	10,891	18,316	6,822	7,598	3,888	2,066	3,296
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	259,040	256,023	0	0	0	0	0	0	0	0	0
Total Fixed Assets	78,961	129,186	100,880	337,971	289,862	35,319	28,882	10,891	18,316	6,822	7,598	3,888	2,066	3,296
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	1,310,421	468,671	492,216	0	0	113,201	63,627	70,890	74,921	47,797	36,200	24,933	32,474	26,910
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	2,441	0	0	0	0	0	0	0	2,973	3,073	0	0	5,562	1,672
Cash	88,220	336,013	166,869	277,965	235,081	78,374	53,324	15,198	8,795	10,663	6,003	16,183	1,044	4,117
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,401,082	804,684	659,085	277,965	235,081	191,575	116,951	86,088	86,689	61,533	42,203	41,116	39,080	32,699
total assets	1,480,043	933,870	759,965	615,936	524,943	226,894	145,833	96,979	105,005	68,355	49,801	45,004	41,146	35,995
Bank overdraft	0	0	0	0	0	0	0	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	37,818	16,040	130,063	111,971	269,266	76,443	57,740	38,410	17,563	10,330	10,679	5,807	7,088	14,971
Group/Directors Accounts	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	214,818	123,412	0	0	0	0	0	0	33,733	20,943	14,266	14,848	18,169	11,397
total current liabilities	252,636	139,452	130,063	111,971	269,266	76,443	57,740	38,410	51,296	31,273	24,945	20,655	25,257	26,368
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	484	551
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	484	551
total liabilities	252,636	139,452	130,063	111,971	269,266	76,443	57,740	38,410	51,296	31,273	24,945	20,655	25,741	26,919
net assets	1,227,407	794,418	629,902	503,965	255,677	150,451	88,093	58,569	53,709	37,082	24,856	24,349	15,405	9,076
total shareholders funds	1,227,407	794,418	629,902	503,965	255,677	150,451	88,093	58,569	53,709	37,082	24,856	24,349	15,405	9,076

	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	524,896	201,220	155,255	306,272	128,733	76,656	36,819	22,579	41,677	15,836	612	7,989	16,146	7,123
Depreciation	81,960	79,709	65,441	51,590	25,566	23,680	0	9,124	8,559	5,178	4,336	3,211	2,830	5,146
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-101,443	-38,590	-29,541	-58,240	-24,683	-14,627	-7,381	-5,645	-9,290	-3,652	-160	-2,088	-3,795	-1,488
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	844,191	-23,545	233,176	3,017	142,822	49,574	-7,263	-7,004	27,024	14,670	11,267	-13,103	9,454	28,582
Creditors	21,778	-114,023	18,092	-157,295	192,823	18,703	19,330	20,847	7,233	-349	4,872	-1,281	-7,883	14,971
Accruals and Deferred Income	91,406	123,412	0	0	0	0	0	-33,733	12,790	6,677	-582	-3,321	6,772	11,397
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	-484	-67	551
Cash flow from operations	-225,594	275,273	-23,929	139,310	179,617	54,838	56,031	20,176	33,945	9,020	-2,189	17,129	4,549	9,118
Investing Activities
capital expenditure	-31,735	-108,015	-87,390	-96,682	-24,086	-30,117	-17,991	-1,699	-20,053	-4,402	-8,046	-5,033	-1,600	-8,442
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-31,735	-108,015	-87,390	-96,682	-24,086	-30,117	-17,991	-1,699	-20,053	-4,402	-8,046	-5,033	-1,600	-8,442
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	521	0	0	0	0	0	0	0	0	0	0	3,000	0	6,474
interest	9,015	1,886	222	257	1,175	329	86	-74	-760	42	55	43	-22	-33
cash flow from financing	9,536	1,886	222	257	1,175	329	86	-74	-760	42	55	3,043	-22	6,441
cash and cash equivalents
cash	-247,793	169,144	-111,096	42,884	156,707	25,050	38,126	6,403	-1,868	4,660	-10,180	15,139	-3,073	4,117
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-247,793	169,144	-111,096	42,884	156,707	25,050	38,126	6,403	-1,868	4,660	-10,180	15,139	-3,073	4,117

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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RAPID IMPROVEMENT LIMITED group structure

Rapid Improvement Limited has no subsidiary companies.

Ultimate parent company

RAPID IMPROVEMENT LIMITED

06129256

RAPID IMPROVEMENT LIMITED Shareholders

isaac dweben	61.54%
marian dweben	15.38%
ann-marie afia dweben	7.69%
eric kojo dweben	7.69%
antonia abena dweben	7.69%

Rapid Improvement Limited currently has 2 directors. The longest serving directors include Mr Isaac Dweben (Feb 2007) and Ms Marian Dweben (Feb 2007).

officer	country	age	start	end	role
Mr Isaac Dweben	United Kingdom	68 years	Feb 2007	-	Director
Ms Marian Dweben		60 years	Feb 2007	-	Director

P&L

March 2023

turnover

11.6m

+107%

operating profit

524.9k

gross margin

35.5%

-1.24%

turnover

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

Balance Sheet

March 2023

net assets

1.2m

+0.55%

total assets

1.5m

+0.58%

cash

88.2k

-0.74%

net assets

Total assets minus all liabilities

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company number

06129256

Type

Private limited with Share Capital

industry

86900 - Other human health activities

88990 - Other social work activities without accommodation n.e.c.

78109 - Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.

incorporation date

February 2007

ultimate parent company

None

previous names

N/A

address

34-38 upper green east, mitcham, CR4 2PB

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 rapid improvement limited. Currently there are 3 open charges and 1 have been satisfied in the past.

rapid improvement limited Company Information

rapid improvement limited Estimated Valuation

rapid improvement limited Estimated Valuation

rapid improvement limited Estimated Valuation

Rapid Improvement Limited Overview

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RAPID IMPROVEMENT LIMITED financials

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Rapid Improvement Limited Competitor Analysis

rapid improvement limited Ownership

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