Romaco Limited

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romaco limited Company Information

Live

EstablishedMidHigh

Company Number

07232590

Website

www.romaco.com

Registered Address

15 carnarvon street, manchester, M3 1HJ

Industry

Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.

Telephone

01618177480

Next Accounts Due

February 2025

Group Structure

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Directors

Philip Hodari14 Years

Scott Marshall12 Years

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Shareholders

romaco ltip limited 94.5%

philip hodari 2.8%

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romaco limited Estimated Valuation

£14.7m

Pomanda estimates the enterprise value of ROMACO LIMITED at £14.7m based on a Turnover of £8.4m and 1.75x industry multiple (adjusted for size and gross margin).

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Romaco Limited is a live company located in manchester, M3 1HJ with a Companies House number of 07232590. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in April 2010, it's largest shareholder is romaco ltip limited with a 94.5% stake. Romaco Limited is a established, mid sized company, Pomanda has estimated its turnover at £8.4m with high growth in recent years.

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Pomanda's financial health check has awarded Romaco Limited a 2 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 Rating2out of 5

3 Strong

2 Regular

5 Weak

Size

annual sales of £8.4m, make it larger than the average company (£4.4m)

Growth

3 year (CAGR) sales growth of 30%, show it is growing at a faster rate (4%)

EXPORT

Romaco Limited's latest turnover from May 2023 is estimated at £8.4 million and the company has net assets of £741.3 thousand. According to their latest financial statements, Romaco Limited has 51 employees and maintains cash reserves of £254.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012
Turnover	8,437,337	6,302,786	4,648,323	3,884,622	2,652,290	1,825,419	1,876,066	21,549,651	37,514,383	8,749,068	348,203	165,719
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,418,475	2,290,650	1,712,684	1,420,629	891,736	619,366	652,575	7,636,697	13,163,855	3,343,842	132,776	67,157
Gross Profit	5,018,862	4,012,136	2,935,640	2,463,993	1,760,554	1,206,053	1,223,492	13,912,954	24,350,529	5,405,226	215,427	98,562
Admin Expenses	5,077,103	3,208,708	2,977,866	2,697,990	1,961,922	1,161,217	1,225,472	13,482,447	24,122,785	5,362,630	199,843	90,465
Operating Profit	-58,241	803,428	-42,226	-233,997	-201,368	44,836	-1,980	430,507	227,744	42,596	15,584	8,097
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	8,190	1,745	233	117	125	133	124	1,443	1,866	651	47	1
Pre-Tax Profit	-50,051	805,173	-41,993	-233,880	-201,243	44,969	-1,856	431,950	229,610	43,247	15,631	8,099
Tax	0	-152,983	0	0	0	-8,544	0	-86,390	-45,922	-9,082	-3,595	-1,944
Profit After Tax	-50,051	652,190	-41,993	-233,880	-201,243	36,425	-1,856	345,560	183,688	34,165	12,036	6,155
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-50,051	652,190	-41,993	-233,880	-201,243	36,425	-1,856	345,560	183,688	34,165	12,036	6,155
Employee Costs	3,785,848	2,732,431	2,095,005	1,722,564	1,875,422	1,284,780	643,163	553,818	11,658,185	2,619,692	118,229	56,855
Number Of Employees	51	38	31	25	27	19	10	9	199	44	2	1
EBITDA*	-10,381	854,268	-2,301	-218,272	-195,140	52,615	1,957	430,507	227,744	42,596	15,584	8,097

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012
Tangible Assets	96,085	29,162	29,685	58,671	12,696	4,256	10,070	0	0	0	0	0
Intangible Assets	11,810	7,216	16,476	0	0	0	0	0	0	0	0	0
Investments & Other	64	64	64	15	14	11	6	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	331,800
Total Fixed Assets	107,959	36,442	46,225	58,686	12,710	4,267	10,076	0	0	0	0	331,800
Stock & work in progress	0	0	0	290,000	0	0	0	0	0	0	0	0
Trade Debtors	0	0	0	0	15,932	2,100	0	4,747,341	5,094,419	1,139,494	47,992	21,990
Group Debtors	6,260,204	1,842,487	509,440	370,495	1,183,183	846,891	715,309	393	0	0	0	0
Misc Debtors	187,738	155,460	42,193	37,405	300,609	50,164	29,556	106,579	0	0	0	0
Cash	254,423	109,566	239,351	226,535	6,585	26,815	26,439	72,876	504,212	242,122	18,240	500
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	6,702,365	2,107,513	790,984	924,435	1,506,309	925,970	771,304	4,927,189	5,598,631	1,381,616	66,232	22,490
total assets	6,810,324	2,143,955	837,209	983,121	1,519,019	930,237	781,380	4,927,189	5,598,631	1,381,616	66,232	354,290
Bank overdraft	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
Trade Creditors	106,577	94,313	37,795	46,128	44,634	41,455	0	0	5,362,487	1,329,160	17,706	16,235
Group/Directors Accounts	2,657,013	456,057	0	60,660	555,222	0	0	0	0	0	0	0
other short term finances	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
other current liabilities	3,234,861	795,326	651,486	692,771	501,721	271,700	201,090	4,345,485	0	0	0	0
total current liabilities	5,998,451	1,345,696	689,281	799,559	1,101,577	313,155	201,090	4,345,485	5,362,487	1,329,160	17,706	16,235
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	43,603	0	0	0	0	0	0	0	0	0	30,235	331,800
provisions	26,974	6,912	8,771	2,412	2,412	809	442	0	0	0	0	0
total long term liabilities	70,577	6,912	8,771	2,412	2,412	809	442	0	0	0	30,235	331,800
total liabilities	6,069,028	1,352,608	698,052	801,971	1,103,989	313,964	201,532	4,345,485	5,362,487	1,329,160	47,941	348,035
net assets	741,296	791,347	139,157	181,150	415,030	616,273	579,848	581,704	236,144	52,456	18,291	6,255
total shareholders funds	741,296	791,347	139,157	181,150	415,030	616,273	579,848	581,704	236,144	52,456	18,291	6,255

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011
Operating Activities
Operating Profit	-58,241	803,428	-42,226	-233,997	-201,368	44,836	-1,980	430,507	227,744	42,596	15,584	8,097	0
Depreciation	44,774	41,580	39,925	15,725	6,228	7,779	3,937	0	0	0	0	0	0
Amortisation	3,086	9,260	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-152,983	0	0	0	-8,544	0	-86,390	-45,922	-9,082	-3,595	-1,944	0
Stock	0	0	-290,000	290,000	0	0	0	0	0	0	0	0	0
Debtors	4,449,995	1,446,314	143,733	-1,091,824	600,569	154,290	-4,109,448	-240,106	3,954,925	1,091,502	-305,798	353,790	0
Creditors	12,264	56,518	-8,333	1,494	3,179	41,455	0	-5,362,487	4,033,327	1,311,454	1,471	16,235	0
Accruals and Deferred Income	2,439,535	143,840	-41,285	191,050	230,021	70,610	-4,144,395	4,345,485	0	0	0	0	0
Deferred Taxes & Provisions	20,062	-1,859	6,359	0	1,603	367	442	0	0	0	0	0	0
Cash flow from operations	-1,988,515	-546,530	100,707	776,096	-560,906	2,213	-32,548	-432,779	260,224	253,466	319,258	-331,402	0
Investing Activities
capital expenditure	-119,377	-41,057	-27,415	-61,700	-14,668	-1,965	-14,007	0	0	0	0	0	0
Change in Investments	0	0	49	1	3	5	6	0	0	0	0	0	0
cash flow from investments	-119,377	-41,057	-27,464	-61,701	-14,671	-1,970	-14,013	0	0	0	0	0	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	2,200,956	456,057	-60,660	-494,562	555,222	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
Long term loans	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
other long term liabilities	43,603	0	0	0	0	0	0	0	0	-30,235	-301,565	331,800	0
share issue	0	0	0	0	0	0	0	0	0	0	0	100	0
interest	8,190	1,745	233	117	125	133	124	1,443	1,866	651	47	1	0
cash flow from financing	2,252,749	457,802	-60,427	-494,445	555,347	133	124	1,443	1,866	-29,584	-301,518	331,901	0
cash and cash equivalents
cash	144,857	-129,785	12,816	219,950	-20,230	376	-46,437	-431,336	262,090	223,882	17,740	500	0
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	144,857	-129,785	12,816	219,950	-20,230	376	-46,437	-431,336	262,090	223,882	17,740	500	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for romaco limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in M 3 area or any other competitors across 12 key performance metrics.

ROMACO LIMITED group structure

Romaco Limited has 11 subsidiary companies.

Ultimate parent company

ROMACO LTIP LIMITED

14903816

1 parent

ROMACO LIMITED

07232590

11 subsidiaries

ROMACO SPV 2 LIMITED

10179215

ROMA PLANNING LIMITED

15138401

ROMACO SPV 9 LIMITED

14240300

ROMACO SPV 4 LIMITED

11111729

ROMACO SPV 5 LIMITED

11112580

ROMACO SPV 3 LIMITED

10518586

ROMACO SPV 7 LIMITED

12006443

ROMACO SPV 1 LIMITED

09732416

ROMACO SPV 10 LIMITED

15576686

ROMACO SPV 8 LIMITED

12358341

ROMACO SPV 6 LIMITED

11698938

ROMACO LIMITED Shareholders

romaco ltip limited	94.54%
philip hodari	2.78%
louise marshall	0.97%
anne hodari	0.72%
scott marshall	0.33%
keith richardson	0.27%
alan hodari	0.13%
daniel hodari	0.13%
simone peppi	0.13%

Romaco Limited currently has 6 directors. The longest serving directors include Mr Philip Hodari (Jun 2010) and Mr Scott Marshall (Feb 2012).

officer	country	age	start	end	role
Mr Philip Hodari		63 years	Jun 2010	-	Director
Mr Scott Marshall	England	50 years	Feb 2012	-	Director
Mr Keith Richardson	England	65 years	Mar 2014	-	Director
Mr Kevin Bernbaum	England	61 years	Sep 2020	-	Director
Mr Matthew Severs	England	46 years	Mar 2024	-	Director
Mr Michael Allison	United Kingdom	45 years	Mar 2024	-	Director

P&L

May 2023

turnover

8.4m

+34%

operating profit

-58.2k

gross margin

59.5%

-6.55%

turnover

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

Balance Sheet

May 2023

net assets

741.3k

-0.06%

total assets

6.8m

+2.18%

cash

254.4k

+1.32%

net assets

Total assets minus all liabilities

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1.5

company number

07232590

Type

Private limited with Share Capital

industry

64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.

incorporation date

April 2010

accounts

Small Company

ultimate parent company

ROMACO LTIP LIMITED

previous names

hallco 1753 limited (March 2012)

last accounts submitted

May 2023

address

15 carnarvon street, manchester, M3 1HJ

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 14 charges/mortgages relating to romaco limited. Currently there are 7 open charges and 7 have been satisfied in the past.

romaco limited Company Information

romaco limited Estimated Valuation

romaco limited Estimated Valuation

romaco limited Estimated Valuation

Romaco Limited Overview

Romaco Limited Health Check

ROMACO LIMITED financials

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