Ritesim.com Limited

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ritesim.com limited Company Information

Company Number

07349511

Next Accounts

Mar 2025

Directors

Peter Rebak

John Butterfield

Shareholders

peter rebak

john peter butterfield

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Group Structure

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Industry

Other telecommunications activities

Registered Address

ground floor cooper house, 316 regents park road, london, N3 2JX

Website

http://ritesim.com

ritesim.com limited Estimated Valuation

£10.8m

Pomanda estimates the enterprise value of RITESIM.COM LIMITED at £10.8m based on Net Assets of £4.4m and 2.45x industry multiple (adjusted for liquidity).

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Ritesim.com Limited is a live company located in london, N3 2JX with a Companies House number of 07349511. It operates in the other telecommunications activities sector, SIC Code 61900. Founded in August 2010, it's largest shareholder is peter rebak with a 55% stake. Ritesim.com Limited is a established, small sized company, Pomanda has estimated its turnover at £2.9m with rapid growth in recent years.

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Pomanda's financial health check has awarded Ritesim.Com Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

3 Regular

3 Weak

Size

annual sales of £2.9m, make it smaller than the average company (£7.9m)

Growth

3 year (CAGR) sales growth of 54%, show it is growing at a faster rate (4.3%)

EXPORT

Ritesim.Com Limited's latest turnover from June 2023 is estimated at £2.9 million and the company has net assets of £4.4 million. According to their latest financial statements, Ritesim.Com Limited has 6 employees and maintains cash reserves of £1.1 million 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
Turnover	2,949,238	2,061,501	1,291,333	811,759	2,220,183	2,120,928	2,157,660	1,696,796	2,683,964	1,492,446	736,487	480,330
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,813,462	1,278,088	808,695	494,744	1,368,158	1,318,467	1,330,728	1,037,372	1,669,672	942,782	462,164	295,339
Gross Profit	1,135,776	783,413	482,638	317,014	852,025	802,461	826,932	659,424	1,014,292	549,664	274,323	184,991
Admin Expenses	79,127	513,809	1,455,068	-807,522	-1,226,805	-520,575	-139,079	180,781	1,229,083	735,493	380,799	198,571
Operating Profit	1,056,649	269,604	-972,430	1,124,536	2,078,830	1,323,036	966,011	478,643	-214,791	-185,829	-106,476	-13,580
Interest Payable	0	0	0	0	0	0	17	18	0	0	0	0
Interest Receivable	38,735	13,764	3,010	4,163	25,872	10,740	2,182	1,462	1,462	793	38	2
Pre-Tax Profit	1,095,384	283,368	-969,420	1,128,699	2,104,702	1,333,775	968,175	480,088	-213,329	-185,036	-106,438	-13,578
Tax	-273,846	-53,840	0	-214,453	-399,893	-253,417	-183,953	-96,017	0	0	0	0
Profit After Tax	821,538	229,528	-969,420	914,246	1,704,809	1,080,358	784,222	384,070	-213,329	-185,036	-106,438	-13,578
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	821,538	229,528	-969,420	914,246	1,704,809	1,080,358	784,222	384,070	-213,329	-185,036	-106,438	-13,578
Employee Costs	328,973	317,976	292,814	245,276	245,611	238,113	137,893	134,744	714,896	400,959	212,703	126,811
Number Of Employees	6	6	6	5	5	5	3	3	16	9	5	3
EBITDA*	1,089,017	308,833	-939,410	1,164,493	2,094,378	1,328,409	970,899	492,831	-199,430	-170,279	-88,180	-7,881

* 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
Tangible Assets	84,791	108,576	84,126	108,658	25,926	10,017	150	0	559	3,606	5,161	6,342
Intangible Assets	83,909	6,005	11,578	17,151	19,759	4,321	3,937	8,750	15,815	28,130	40,445	38,566
Investments & Other	1,382,639	1,382,639	0	0	0	0	0	32,988	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,551,339	1,497,220	95,704	125,809	45,685	14,338	4,087	41,738	16,374	31,736	45,606	44,908
Stock & work in progress	18,500	88,153	18,263	24,780	9,170	13,670	31,540	81,207	153,263	28,275	64,843	81,209
Trade Debtors	642,128	408,280	235,016	133,782	285,043	318,094	493,316	352,264	129,599	53,359	34,553	23,529
Group Debtors	40,719	11,600	0	0	0	0	0	0	0	0	0	0
Misc Debtors	1,795,661	1,597,007	1,646,861	861,782	430,135	28,097	72,931	35,336	0	0	0	0
Cash	1,088,704	460,690	1,741,502	4,279,357	4,045,876	2,853,350	1,442,451	303,174	281,760	302,846	14,383	861
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,585,712	2,565,730	3,641,642	5,299,701	4,770,224	3,213,211	2,040,238	771,981	564,622	384,480	113,779	105,599
total assets	5,137,051	4,062,950	3,737,346	5,425,510	4,815,909	3,227,549	2,044,325	813,719	580,996	416,216	159,385	150,507
Bank overdraft	0	0	0	0	0	0	0	552	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	216,397	149,311	106,218	43,680	786,513	623,646	268,429	195,941	1,099,277	721,168	279,301	164,084
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	468,187	282,350	232,957	1,008,522	590,360	689,813	732,254	296,339	0	0	0	0
total current liabilities	684,584	431,661	339,175	1,052,202	1,376,873	1,313,459	1,000,683	492,832	1,099,277	721,168	279,301	164,084
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	0	0	0	0	0	181,714	392,843	455,098	0	0	0	0
provisions	21,397	21,757	18,167	23,884	3,858	2,007	788	0	0	0	0	0
total long term liabilities	21,397	21,757	18,167	23,884	3,858	183,721	393,631	455,098	0	0	0	0
total liabilities	705,981	453,418	357,342	1,076,086	1,380,731	1,497,180	1,394,314	947,930	1,099,277	721,168	279,301	164,084
net assets	4,431,070	3,609,532	3,380,004	4,349,424	3,435,178	1,730,369	650,011	-134,211	-518,281	-304,952	-119,916	-13,577
total shareholders funds	4,431,070	3,609,532	3,380,004	4,349,424	3,435,178	1,730,369	650,011	-134,211	-518,281	-304,952	-119,916	-13,577

	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
Operating Activities
Operating Profit	1,056,649	269,604	-972,430	1,124,536	2,078,830	1,323,036	966,011	478,643	-214,791	-185,829	-106,476	-13,580	0
Depreciation	27,218	33,656	27,447	33,071	9,518	3,636	75	560	3,046	3,235	2,675	5,699	0
Amortisation	5,150	5,573	5,573	6,886	6,030	1,737	4,813	13,628	12,315	12,315	15,621	0	0
Tax	-273,846	-53,840	0	-214,453	-399,893	-253,417	-183,953	-96,017	0	0	0	0	0
Stock	-69,653	69,890	-6,517	15,610	-4,500	-17,870	-49,667	-72,056	124,988	-36,568	-16,366	81,209	0
Debtors	461,621	135,010	886,313	280,386	368,987	-220,056	178,647	258,001	76,240	18,806	11,024	23,529	0
Creditors	67,086	43,093	62,538	-742,833	162,867	355,217	72,488	-903,336	378,109	441,867	115,217	164,084	0
Accruals and Deferred Income	185,837	49,393	-775,565	418,162	-99,453	-42,441	435,915	296,339	0	0	0	0	0
Deferred Taxes & Provisions	-360	3,590	-5,717	20,026	1,851	1,219	788	0	0	0	0	0	0
Cash flow from operations	675,766	146,169	-2,537,950	349,399	1,395,263	1,626,913	1,167,157	-396,128	-22,549	289,350	32,379	51,465	0
Investing Activities
capital expenditure	-86,487	-58,106	-2,915	-120,081	-46,895	-15,624	-225	-6,564	1	-1,680	-18,994	-50,607	0
Change in Investments	0	1,382,639	0	0	0	0	-32,988	32,988	0	0	0	0	0
cash flow from investments	-86,487	-1,440,745	-2,915	-120,081	-46,895	-15,624	32,763	-39,552	1	-1,680	-18,994	-50,607	0
Financing Activities
Bank loans	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
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	0	0	0	0	-181,714	-211,129	-62,255	455,098	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	99	1	0
interest	38,735	13,764	3,010	4,163	25,872	10,740	2,165	1,444	1,462	793	38	2	0
cash flow from financing	38,735	13,764	3,010	4,163	-155,842	-200,389	-60,090	456,542	1,462	793	137	3	0
cash and cash equivalents
cash	628,014	-1,280,812	-2,537,855	233,481	1,192,526	1,410,899	1,139,277	21,414	-21,086	288,463	13,522	861	0
overdraft	0	0	0	0	0	0	-552	552	0	0	0	0	0
change in cash	628,014	-1,280,812	-2,537,855	233,481	1,192,526	1,410,899	1,139,829	20,862	-21,086	288,463	13,522	861	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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RITESIM.COM LIMITED group structure

Ritesim.Com Limited has no subsidiary companies.

Ultimate parent company

RITESIM.COM LIMITED

07349511

RITESIM.COM LIMITED Shareholders

peter rebak	55%
john peter butterfield	40%
anne rebak	5%

Ritesim.Com Limited currently has 2 directors. The longest serving directors include Mr Peter Rebak (Aug 2010) and Mr John Butterfield (Dec 2012).

officer	country	age	start	end	role
Mr Peter Rebak	England	72 years	Aug 2010	-	Director
Mr John Butterfield	England	44 years	Dec 2012	-	Director

P&L

June 2023

turnover

2.9m

+43%

operating profit

1.1m

gross margin

38.6%

+1.34%

turnover

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

Balance Sheet

June 2023

net assets

4.4m

+0.23%

total assets

5.1m

+0.26%

cash

1.1m

+1.36%

net assets

Total assets minus all liabilities

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company number

07349511

Type

Private limited with Share Capital

industry

61900 - Other telecommunications activities

82990 - Other business support service activities n.e.c.

incorporation date

August 2010

ultimate parent company

None

previous names

t1 networks limited (October 2011)

address

ground floor cooper house, 316 regents park road, london, N3 2JX

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 2 charges/mortgages relating to ritesim.com limited. Currently there are 0 open charges and 2 have been satisfied in the past.

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ritesim.com limited Company Information

ritesim.com limited Estimated Valuation

ritesim.com limited Estimated Valuation

ritesim.com limited Estimated Valuation

Ritesim.com Limited Overview

Ritesim.com Limited Health Check

RITESIM.COM LIMITED financials

ritesim.com limited Credit Report and Business Information

Ritesim.com Limited Competitor Analysis

ritesim.com limited Ownership

ritesim.com limited directors

ritesim.com limited company details

ritesim.com limited Charges & Mortgages

ritesim.com limited Capital Raised & Share Issues BETA

ritesim.com limited Companies House Filings - See Documents