raas developments limited
raas developments limited Company Information
Group Structure
View All
Industry
Buying and selling of own real estate
Registered Address
2nd floor grove house, 55 lowlands road, harrow, middlesex, HA1 3AW
Website
-raas developments limited Estimated Valuation
Pomanda estimates the enterprise value of RAAS DEVELOPMENTS LIMITED at £1.2m based on a Turnover of £391.7k and 3.05x industry multiple (adjusted for size and gross margin).
raas developments limited Estimated Valuation
Pomanda estimates the enterprise value of RAAS DEVELOPMENTS LIMITED at £480.8k based on an EBITDA of £74.5k and a 6.45x industry multiple (adjusted for size and gross margin).
raas developments limited Estimated Valuation
Pomanda estimates the enterprise value of RAAS DEVELOPMENTS LIMITED at £651.3k based on Net Assets of £406.5k and 1.6x industry multiple (adjusted for liquidity).
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Raas Developments Limited Overview
Raas Developments Limited is a live company located in harrow, HA1 3AW with a Companies House number of 06237621. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in May 2007, it's largest shareholder is rizwan akhtar with a 100% stake. Raas Developments Limited is a established, micro sized company, Pomanda has estimated its turnover at £391.7k with rapid growth in recent years.
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Raas Developments Limited Health Check
Pomanda's financial health check has awarded Raas Developments Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
1 Strong
4 Regular
6 Weak
Size
annual sales of £391.7k, make it smaller than the average company (£831k)
- Raas Developments Limited
£831k - Industry AVG
Growth
3 year (CAGR) sales growth of 45%, show it is growing at a faster rate (2.3%)
- Raas Developments Limited
2.3% - Industry AVG
Production
with a gross margin of 71.1%, this company has a comparable cost of product (71.1%)
- Raas Developments Limited
71.1% - Industry AVG
Profitability
an operating margin of 19% make it less profitable than the average company (28.9%)
- Raas Developments Limited
28.9% - Industry AVG
Employees
with 2 employees, this is below the industry average (4)
2 - Raas Developments Limited
4 - Industry AVG
Pay Structure
on an average salary of £35.9k, the company has an equivalent pay structure (£35.9k)
- Raas Developments Limited
£35.9k - Industry AVG
Efficiency
resulting in sales per employee of £195.8k, this is equally as efficient (£183.8k)
- Raas Developments Limited
£183.8k - Industry AVG
Debtor Days
it gets paid by customers after 23 days, this is near the average (25 days)
- Raas Developments Limited
25 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Raas Developments Limited
- - Industry AVG
Stock Days
it holds stock equivalent to 6246 days, this is more than average (390 days)
- Raas Developments Limited
390 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (10 weeks)
3 weeks - Raas Developments Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 82%, this is a higher level of debt than the average (62.8%)
82% - Raas Developments Limited
62.8% - Industry AVG
RAAS DEVELOPMENTS LIMITED financials
Raas Developments Limited's latest turnover from June 2023 is estimated at £391.7 thousand and the company has net assets of £406.5 thousand. According to their latest financial statements, Raas Developments Limited has 2 employees and maintains cash reserves of £23.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 2 | 1 | 1 | |||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 1,940,373 | 1,940,373 | 1,940,373 | 1,940,373 | 910,401 | 898,821 | 898,821 | 658,544 | 656,508 | 286,956 | 286,956 | 286,956 | 286,956 | 286,956 |
| Trade Debtors | 25,066 | 36,849 | 2,101 | 915 | 2,234 | 0 | 840 | 9,000 | 2,500 | 0 | 0 | 0 | 0 | 10,000 |
| Group Debtors | 0 | 0 | 0 | 171,975 | 585,905 | 565,008 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 264,926 | 254,772 | 225,497 | 4,522 | 4,522 | 4,522 | 19,800 | 1,800 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 23,509 | 4,622 | 3,140 | 13,054 | 8,192 | 3,727 | 13,650 | 30,625 | 5,748 | 45,190 | 12,085 | 1,618 | 1,293 | 3,274 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,253,874 | 2,236,616 | 2,171,111 | 2,130,839 | 1,511,254 | 1,472,078 | 933,111 | 699,969 | 664,756 | 332,146 | 299,041 | 288,574 | 288,249 | 300,230 |
| total assets | 2,253,874 | 2,236,616 | 2,171,111 | 2,130,839 | 1,511,254 | 1,472,078 | 933,111 | 699,969 | 664,756 | 332,146 | 299,041 | 288,574 | 288,249 | 300,230 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 107,655 | 45,647 | 274,637 | 269,258 | 273,329 | 305,298 |
| Group/Directors Accounts | 0 | 0 | 0 | 324,849 | 340,478 | 353,911 | 103,414 | 65,069 | 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 | 314,795 | 320,574 | 323,034 | 7,394 | 5,371 | 17,991 | 224,053 | 64,334 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 314,795 | 320,574 | 323,034 | 332,243 | 345,849 | 371,902 | 327,467 | 129,403 | 107,655 | 45,647 | 274,637 | 269,258 | 273,329 | 305,298 |
| loans | 16,620 | 21,827 | 27,012 | 1,430,553 | 792,894 | 792,894 | 466,263 | 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 | 1,515,922 | 1,542,522 | 1,542,522 | 139,049 | 174,719 | 132,000 | 0 | 466,263 | 493,533 | 242,897 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 1,532,542 | 1,564,349 | 1,569,534 | 1,569,602 | 967,613 | 924,894 | 466,263 | 466,263 | 493,533 | 242,897 | 0 | 0 | 0 | 0 |
| total liabilities | 1,847,337 | 1,884,923 | 1,892,568 | 1,901,845 | 1,313,462 | 1,296,796 | 793,730 | 595,666 | 601,188 | 288,544 | 274,637 | 269,258 | 273,329 | 305,298 |
| net assets | 406,537 | 351,693 | 278,543 | 228,994 | 197,792 | 175,282 | 139,381 | 104,303 | 63,568 | 43,602 | 24,404 | 19,316 | 14,920 | -5,068 |
| total shareholders funds | 406,537 | 351,693 | 278,543 | 228,994 | 197,792 | 175,282 | 139,381 | 104,303 | 63,568 | 43,602 | 24,404 | 19,316 | 14,920 | -5,068 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||||||||
| Stock | 0 | 0 | 0 | 1,029,972 | 11,580 | 0 | 240,277 | 2,036 | 369,552 | 0 | 0 | 0 | 0 | 286,956 |
| Debtors | -1,629 | 64,023 | 50,186 | -415,249 | 23,131 | 548,890 | 9,840 | 8,300 | 2,500 | 0 | 0 | 0 | -10,000 | 10,000 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -107,655 | 62,008 | -228,990 | 5,379 | -4,071 | -31,969 | 305,298 |
| Accruals and Deferred Income | -5,779 | -2,460 | 315,640 | 2,023 | -12,620 | -206,062 | 159,719 | 64,334 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | -324,849 | -15,629 | -13,433 | 250,497 | 38,345 | 65,069 | 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 | -5,207 | -5,185 | -1,403,541 | 637,659 | 0 | 326,631 | 466,263 | 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 | -26,600 | 0 | 1,403,473 | -35,670 | 42,719 | 132,000 | -466,263 | -27,270 | 250,636 | 242,897 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 18,887 | 1,482 | -9,914 | 4,862 | 4,465 | -9,923 | -16,975 | 24,877 | -39,442 | 33,105 | 10,467 | 325 | -1,981 | 3,274 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 18,887 | 1,482 | -9,914 | 4,862 | 4,465 | -9,923 | -16,975 | 24,877 | -39,442 | 33,105 | 10,467 | 325 | -1,981 | 3,274 |
raas developments limited Credit Report and Business Information
Raas Developments Limited Competitor Analysis
Perform a competitor analysis for raas developments limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in HA1 area or any other competitors across 12 key performance metrics.
raas developments limited Ownership
RAAS DEVELOPMENTS LIMITED group structure
Raas Developments Limited has no subsidiary companies.
Ultimate parent company
RAAS DEVELOPMENTS LIMITED
06237621
raas developments limited directors
Raas Developments Limited currently has 1 director, Mr Rizwan Akhtar serving since Feb 2008.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Rizwan Akhtar | England | 54 years | Feb 2008 | - | Director |
P&L
June 2023turnover
391.7k
-18%
operating profit
74.5k
0%
gross margin
71.1%
+2.58%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
406.5k
+0.16%
total assets
2.3m
+0.01%
cash
23.5k
+4.09%
net assets
Total assets minus all liabilities
raas developments limited company details
company number
06237621
Type
Private limited with Share Capital
industry
68100 - Buying and selling of own real estate
incorporation date
May 2007
age
18
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
June 2023
previous names
N/A
accountant
-
auditor
-
address
2nd floor grove house, 55 lowlands road, harrow, middlesex, HA1 3AW
Bank
-
Legal Advisor
-
raas developments 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 8 charges/mortgages relating to raas developments limited. Currently there are 5 open charges and 3 have been satisfied in the past.
raas developments 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 RAAS DEVELOPMENTS LIMITED. This can take several minutes, an email will notify you when this has completed.
raas developments limited Companies House Filings - See Documents
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