Rasco Enterprise Limited

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rasco enterprise limited Company Information

Live

EstablishedMicroDeclining

Company Number

06191357

Website

Registered Address

springfield farm, lippitts hill, high beach, loughton, essex, IG10 4AL

Industry

Computer consultancy activities

Telephone

02038767057

Next Accounts Due

December 2024

Group Structure

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Directors

Adam Scott17 Years

Rachel Scott15 Years

Shareholders

rachel scott 50%

adam scott 50%

rasco enterprise limited Estimated Valuation

£108.9k

Pomanda estimates the enterprise value of RASCO ENTERPRISE LIMITED at £108.9k based on a Turnover of £160.2k and 0.68x industry multiple (adjusted for size and gross margin).

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Rasco Enterprise Limited is a live company located in loughton, IG10 4AL with a Companies House number of 06191357. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in March 2007, it's largest shareholder is rachel scott with a 50% stake. Rasco Enterprise Limited is a established, micro sized company, Pomanda has estimated its turnover at £160.2k with declining growth in recent years.

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Pomanda's financial health check has awarded Rasco Enterprise Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

2 Regular

5 Weak

Size

annual sales of £160.2k, make it smaller than the average company (£845.1k)

Growth

3 year (CAGR) sales growth of -9%, show it is growing at a slower rate (4.7%)

EXPORT

Rasco Enterprise Limited's latest turnover from March 2023 is estimated at £160.2 thousand and the company has net assets of £11.4 thousand. According to their latest financial statements, Rasco Enterprise Limited has 2 employees and maintains cash reserves of £54.8 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	160,209	123,443	256,084	210,489	129,457	158,552	158,721	91,054	125,067	214,301	174,208	126,790	140,351	126,228
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	83,738	66,682	132,734	100,752	60,172	69,559	66,714	37,309	52,053	81,225	61,072	47,401	53,356	46,814
Gross Profit	76,471	56,761	123,349	109,737	69,285	88,993	92,006	53,745	73,013	133,075	113,136	79,389	86,995	79,414
Admin Expenses	61,018	54,708	126,131	105,122	69,381	92,349	87,917	53,835	73,156	136,672	108,544	81,722	86,080	77,291
Operating Profit	15,453	2,053	-2,782	4,615	-96	-3,356	4,089	-90	-143	-3,597	4,592	-2,333	915	2,123
Interest Payable	2,733	2,088	976	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	1,351	37	5	16	99	50	38	94	96	83	77	70	83	44
Pre-Tax Profit	14,072	2	-3,753	4,631	2	-3,306	4,128	4	-47	-3,514	4,668	-2,263	997	2,167
Tax	-2,674	0	0	-880	0	0	-825	-1	0	0	-1,120	0	-279	-607
Profit After Tax	11,398	2	-3,753	3,751	2	-3,306	3,302	3	-47	-3,514	3,548	-2,263	718	1,560
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	11,398	2	-3,753	3,751	2	-3,306	3,302	3	-47	-3,514	3,548	-2,263	718	1,560
Employee Costs	106,125	97,714	91,276	92,523	106,411	102,855	109,635	57,634	57,796	112,059	108,173	53,985	104,250	105,863
Number Of Employees	2	2	2	2	2	2	2	1	1	2	2	1	2	2
EBITDA*	16,661	2,390	-2,446	4,951	322	-3,049	4,396	342	-16	-3,470	4,719	-2,333	915	2,123

* 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	2,956	222	559	895	340	305	612	919	125	252	379	0	0	0
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	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	2,956	222	559	895	340	305	612	919	125	252	379	0	0	0
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	20,431	18,643	53,580	39,741	13,000	23,604	18,743	13,566	15,974	31,091	25,573	17,377	19,933	17,566
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	63,047	23,819	0	0	6,307	2,760	1,868	6,738	0	0	5,416	0	0
Cash	54,842	8,757	1,113	9,838	22,046	4,241	15,782	14,663	22,888	15,344	18,018	12,613	15,549	17,452
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	75,273	90,447	78,512	49,579	35,046	34,152	37,285	30,097	45,600	46,435	43,591	35,406	35,482	35,018
total assets	78,229	90,669	79,071	50,474	35,386	34,457	37,897	31,016	45,725	46,687	43,970	35,406	35,482	35,018
Bank overdraft	6,400	6,400	5,333	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	0	1,236	0	0	0	0	0	0	45,688	46,578	40,321	35,381	33,194	33,448
Group/Directors Accounts	0	0	0	0	560	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	43,351	59,553	47,060	46,710	34,813	34,446	34,580	30,817	0	0	0	0	0	0
total current liabilities	49,751	67,189	52,393	46,710	35,373	34,446	34,580	30,817	45,688	46,578	40,321	35,381	33,194	33,448
loans	17,067	23,467	26,667	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	184	25	50	76	0	0	0
total long term liabilities	17,067	23,467	26,667	0	0	0	0	184	25	50	76	0	0	0
total liabilities	66,818	90,656	79,060	46,710	35,373	34,446	34,580	31,001	45,713	46,628	40,397	35,381	33,194	33,448
net assets	11,411	13	11	3,764	13	11	3,317	15	12	59	3,573	25	2,288	1,570
total shareholders funds	11,411	13	11	3,764	13	11	3,317	15	12	59	3,573	25	2,288	1,570

	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	15,453	2,053	-2,782	4,615	-96	-3,356	4,089	-90	-143	-3,597	4,592	-2,333	915	2,123
Depreciation	1,208	337	336	336	418	307	307	432	127	127	127	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-2,674	0	0	-880	0	0	-825	-1	0	0	-1,120	0	-279	-607
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-61,259	4,291	37,658	26,741	-16,911	8,408	6,069	-7,278	-8,379	5,518	2,780	2,860	2,367	17,566
Creditors	-1,236	1,236	0	0	0	0	0	-45,688	-890	6,257	4,940	2,187	-254	33,448
Accruals and Deferred Income	-16,202	12,493	350	11,897	367	-134	3,763	30,817	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	-184	159	-25	-26	76	0	0	0
Cash flow from operations	57,808	11,828	-39,754	-10,773	17,600	-11,591	1,081	-7,093	7,448	-2,757	5,835	-3,006	-1,985	17,398
Investing Activities
capital expenditure	-3,942	0	0	-891	-453	0	0	-1,226	0	0	-506	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-3,942	0	0	-891	-453	0	0	-1,226	0	0	-506	0	0	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	-560	560	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	-6,400	-3,200	26,667	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	0	0	0	0	0	0	0	0	0	0	0	0	0	10
interest	-1,382	-2,051	-971	16	99	50	38	94	96	83	77	70	83	44
cash flow from financing	-7,782	-5,251	25,696	-544	659	50	38	94	96	83	77	70	83	54
cash and cash equivalents
cash	46,085	7,644	-8,725	-12,208	17,805	-11,541	1,119	-8,225	7,544	-2,674	5,405	-2,936	-1,903	17,452
overdraft	0	1,067	5,333	0	0	0	0	0	0	0	0	0	0	0
change in cash	46,085	6,577	-14,058	-12,208	17,805	-11,541	1,119	-8,225	7,544	-2,674	5,405	-2,936	-1,903	17,452

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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RASCO ENTERPRISE LIMITED group structure

Rasco Enterprise Limited has no subsidiary companies.

Ultimate parent company

RASCO ENTERPRISE LIMITED

06191357

RASCO ENTERPRISE LIMITED Shareholders

rachel scott	50%
adam scott	50%

Rasco Enterprise Limited currently has 2 directors. The longest serving directors include Mr Adam Scott (Mar 2007) and Ms Rachel Scott (Jan 2009).

officer	country	age	start	end	role
Mr Adam Scott		48 years	Mar 2007	-	Director
Ms Rachel Scott		50 years	Jan 2009	-	Director

P&L

March 2023

turnover

160.2k

+30%

operating profit

15.5k

gross margin

47.8%

+3.81%

turnover

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

Balance Sheet

March 2023

net assets

11.4k

+876.77%

total assets

78.2k

-0.14%

cash

54.8k

+5.26%

net assets

Total assets minus all liabilities

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company number

06191357

Type

Private limited with Share Capital

industry

62020 - Computer consultancy activities

incorporation date

March 2007

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

March 2023

address

springfield farm, lippitts hill, high beach, loughton, essex, IG10 4AL

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 rasco enterprise limited.

rasco enterprise limited Company Information

rasco enterprise limited Estimated Valuation

rasco enterprise limited Estimated Valuation

rasco enterprise limited Estimated Valuation

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RASCO ENTERPRISE LIMITED financials

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