rapid prop limited
rapid prop limited Company Information
Group Structure
View All
Industry
Management of real estate on a fee or contract basis
Registered Address
15a station road, epping, essex, CM16 4HG
Website
www.rapidprop.co.ukrapid prop limited Estimated Valuation
Pomanda estimates the enterprise value of RAPID PROP LIMITED at £109.2k based on a Turnover of £43.5k and 2.51x industry multiple (adjusted for size and gross margin).
rapid prop limited Estimated Valuation
Pomanda estimates the enterprise value of RAPID PROP LIMITED at £337k based on an EBITDA of £51k and a 6.61x industry multiple (adjusted for size and gross margin).
rapid prop limited Estimated Valuation
Pomanda estimates the enterprise value of RAPID PROP LIMITED at £81.4k based on Net Assets of £44.8k and 1.82x industry multiple (adjusted for liquidity).
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Rapid Prop Limited Overview
Rapid Prop Limited is a live company located in essex, CM16 4HG with a Companies House number of 07163433. It operates in the management of real estate on a fee or contract basis sector, SIC Code 68320. Founded in February 2010, it's largest shareholder is justin john keen with a 100% stake. Rapid Prop Limited is a established, micro sized company, Pomanda has estimated its turnover at £43.5k with declining growth in recent years.
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Rapid Prop Limited Health Check
Pomanda's financial health check has awarded Rapid Prop Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
6 Weak
Size
annual sales of £43.5k, make it smaller than the average company (£412.3k)
- Rapid Prop Limited
£412.3k - Industry AVG
Growth
3 year (CAGR) sales growth of -60%, show it is growing at a slower rate (6.1%)
- Rapid Prop Limited
6.1% - Industry AVG
Production
with a gross margin of 57.9%, this company has a comparable cost of product (57.9%)
- Rapid Prop Limited
57.9% - Industry AVG
Profitability
an operating margin of 36.8% make it more profitable than the average company (8%)
- Rapid Prop Limited
8% - Industry AVG
Employees
with 1 employees, this is below the industry average (6)
1 - Rapid Prop Limited
6 - Industry AVG
Pay Structure
on an average salary of £40k, the company has an equivalent pay structure (£40k)
- Rapid Prop Limited
£40k - Industry AVG
Efficiency
resulting in sales per employee of £43.5k, this is less efficient (£101.6k)
- Rapid Prop Limited
£101.6k - Industry AVG
Debtor Days
it gets paid by customers after 10 days, this is earlier than average (45 days)
- Rapid Prop Limited
45 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Rapid Prop Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Rapid Prop Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (45 weeks)
1 weeks - Rapid Prop Limited
45 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 96.7%, this is a higher level of debt than the average (60.7%)
96.7% - Rapid Prop Limited
60.7% - Industry AVG
RAPID PROP LIMITED financials
Rapid Prop Limited's latest turnover from March 2024 is estimated at £43.5 thousand and the company has net assets of £44.8 thousand. According to their latest financial statements, Rapid Prop Limited has 1 employee and maintains cash reserves of £26.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Feb 2013 | Feb 2012 | Feb 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Feb 2013 | Feb 2012 | Feb 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 104,421 | 24,573 | 33,024 | 42,283 | 53,939 | 1,135,478 | 100,255 | 115,840 | 49,314 | 23,716 | 3,872 | 4,080 | 4,968 | 312 |
| Intangible Assets | ||||||||||||||
| Investments & Other | 1,154,928 | 1,154,928 | 1,154,928 | 1,154,928 | 1,152,010 | 66,330 | 133,660 | 23,660 | 20,160 | 20,160 | ||||
| Debtors (Due After 1 year) | ||||||||||||||
| Total Fixed Assets | 1,259,349 | 1,179,501 | 1,187,952 | 1,197,211 | 1,205,949 | 1,201,808 | 233,915 | 139,500 | 69,474 | 43,876 | 3,872 | 4,080 | 4,968 | 312 |
| Stock & work in progress | ||||||||||||||
| Trade Debtors | 1,256 | 626 | 17,963 | 4,657 | 441 | 2,138 | 19,362 | 32,860 | 39,170 | 55,155 | 34,637 | 21,274 | 8,143 | |
| Group Debtors | ||||||||||||||
| Misc Debtors | 53,243 | 34,564 | 24,514 | |||||||||||
| Cash | 26,898 | 88,997 | 17,900 | 88,732 | 35,303 | 19,790 | 33,731 | 57,651 | 106,060 | 86,744 | 46,689 | 43,707 | 9,857 | 8,290 |
| misc current assets | ||||||||||||||
| total current assets | 81,397 | 124,187 | 42,414 | 106,695 | 39,960 | 20,231 | 35,869 | 77,013 | 138,920 | 125,914 | 101,844 | 78,344 | 31,131 | 16,433 |
| total assets | 1,340,746 | 1,303,688 | 1,230,366 | 1,303,906 | 1,245,909 | 1,222,039 | 269,784 | 216,513 | 208,394 | 169,790 | 105,716 | 82,424 | 36,099 | 16,745 |
| Bank overdraft | ||||||||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 43 | 6,185 | 561,859 | 509,386 | 456,410 | 160,184 | 100,845 | 102,345 | 93,581 | 66,975 | 61,408 | 55,472 | 18,062 | |
| Group/Directors Accounts | 849,089 | 558,035 | 519,758 | |||||||||||
| other short term finances | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| other current liabilities | 21,206 | 27,756 | 25,330 | |||||||||||
| total current liabilities | 870,295 | 585,834 | 551,273 | 561,859 | 509,386 | 456,410 | 160,184 | 100,845 | 102,345 | 93,581 | 66,975 | 61,408 | 55,472 | 18,062 |
| loans | 425,688 | 632,631 | 632,631 | |||||||||||
| hp & lease commitments | ||||||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | 670,764 | 632,631 | 632,631 | |||||||||||
| provisions | ||||||||||||||
| total long term liabilities | 425,688 | 632,631 | 632,631 | 670,764 | 632,631 | 632,631 | ||||||||
| total liabilities | 1,295,983 | 1,218,465 | 1,183,904 | 1,232,623 | 1,142,017 | 1,089,041 | 160,184 | 100,845 | 102,345 | 93,581 | 66,975 | 61,408 | 55,472 | 18,062 |
| net assets | 44,763 | 85,223 | 46,462 | 71,283 | 103,892 | 132,998 | 109,600 | 115,668 | 106,049 | 76,209 | 38,741 | 21,016 | -19,373 | -1,317 |
| total shareholders funds | 44,763 | 85,223 | 46,462 | 71,283 | 103,892 | 132,998 | 109,600 | 115,668 | 106,049 | 76,209 | 38,741 | 21,016 | -19,373 | -1,317 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Feb 2013 | Feb 2012 | Feb 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 34,924 | 8,450 | 9,259 | 11,656 | 12,910 | 13,406 | 15,585 | 15,620 | 13,041 | 8,636 | 1,667 | 1,042 | 1,656 | 103 |
| Amortisation | ||||||||||||||
| Tax | ||||||||||||||
| Stock | ||||||||||||||
| Debtors | 19,309 | 10,676 | 6,551 | 13,306 | 4,216 | -1,697 | -17,224 | -13,498 | -6,310 | -15,985 | 20,518 | 13,363 | 13,131 | 8,143 |
| Creditors | -43 | -6,142 | -555,674 | 52,473 | 52,976 | 296,226 | 59,339 | -1,500 | 8,764 | 26,606 | 5,567 | 5,936 | 37,410 | 18,062 |
| Accruals and Deferred Income | -6,550 | 2,426 | 25,330 | |||||||||||
| Deferred Taxes & Provisions | ||||||||||||||
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 2,918 | 1,085,680 | -67,330 | 110,000 | 3,500 | 20,160 | ||||||||
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | 291,054 | 38,277 | 519,758 | |||||||||||
| Other Short Term Loans | ||||||||||||||
| Long term loans | -206,943 | 632,631 | ||||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||||
| other long term liabilities | -670,764 | 38,133 | 632,631 | |||||||||||
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | -62,099 | 71,097 | -70,832 | 53,429 | 15,513 | -13,941 | -23,920 | -48,409 | 19,316 | 40,055 | 2,982 | 33,850 | 1,567 | 8,290 |
| overdraft | ||||||||||||||
| change in cash | -62,099 | 71,097 | -70,832 | 53,429 | 15,513 | -13,941 | -23,920 | -48,409 | 19,316 | 40,055 | 2,982 | 33,850 | 1,567 | 8,290 |
rapid prop limited Credit Report and Business Information
Rapid Prop Limited Competitor Analysis
Perform a competitor analysis for rapid prop limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in CM16 area or any other competitors across 12 key performance metrics.
rapid prop limited Ownership
RAPID PROP LIMITED group structure
Rapid Prop Limited has no subsidiary companies.
Ultimate parent company
RAPID PROP LIMITED
07163433
rapid prop limited directors
Rapid Prop Limited currently has 1 director, Mr Justin Keen serving since Feb 2010.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Justin Keen | United Kingdom | 52 years | Feb 2010 | - | Director |
P&L
March 2024turnover
43.5k
+72%
operating profit
16k
0%
gross margin
57.9%
-13.57%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
44.8k
-0.47%
total assets
1.3m
+0.03%
cash
26.9k
-0.7%
net assets
Total assets minus all liabilities
rapid prop limited company details
company number
07163433
Type
Private limited with Share Capital
industry
68320 - Management of real estate on a fee or contract basis
incorporation date
February 2010
age
15
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
N/A
accountant
COBBIN FLOYD LTD
auditor
-
address
15a station road, epping, essex, CM16 4HG
Bank
-
Legal Advisor
-
rapid prop 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 3 charges/mortgages relating to rapid prop limited. Currently there are 3 open charges and 0 have been satisfied in the past.
rapid prop 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 RAPID PROP LIMITED. This can take several minutes, an email will notify you when this has completed.
rapid prop limited Companies House Filings - See Documents
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