rift resources limited
rift resources limited Company Information
Company Number
07662926
Next Accounts
185 days late
Directors
Shareholders
woodland capital limited
hot rocks investments plc
View AllGroup Structure
View All
Industry
Management consultancy activities (other than financial management)
Registered Address
gainford hook heath road, woking, GU22 0QE
Website
www.riftresources.co.ukrift resources limited Estimated Valuation
Pomanda estimates the enterprise value of RIFT RESOURCES LIMITED at £411.2k based on a Turnover of £1.2m and 0.35x industry multiple (adjusted for size and gross margin).
rift resources limited Estimated Valuation
Pomanda estimates the enterprise value of RIFT RESOURCES LIMITED at £0 based on an EBITDA of £-48.5k and a 3.06x industry multiple (adjusted for size and gross margin).
rift resources limited Estimated Valuation
Pomanda estimates the enterprise value of RIFT RESOURCES LIMITED at £1.2m based on Net Assets of £468.4k and 2.61x industry multiple (adjusted for liquidity).
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Rift Resources Limited Overview
Rift Resources Limited is a live company located in woking, GU22 0QE with a Companies House number of 07662926. It operates in the management consultancy activities other than financial management sector, SIC Code 70229. Founded in June 2011, it's largest shareholder is woodland capital limited with a 64.9% stake. Rift Resources Limited is a established, small sized company, Pomanda has estimated its turnover at £1.2m with rapid growth in recent years.
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Rift Resources Limited Health Check
Pomanda's financial health check has awarded Rift Resources Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
5 Weak
Size
annual sales of £1.2m, make it larger than the average company (£774.6k)
- Rift Resources Limited
£774.6k - Industry AVG
Growth
3 year (CAGR) sales growth of 100%, show it is growing at a faster rate (4.7%)
- Rift Resources Limited
4.7% - Industry AVG
Production
with a gross margin of 25.4%, this company has a higher cost of product (58.2%)
- Rift Resources Limited
58.2% - Industry AVG
Profitability
an operating margin of -4.2% make it less profitable than the average company (7.7%)
- Rift Resources Limited
7.7% - Industry AVG
Employees
with 5 employees, this is below the industry average (7)
- Rift Resources Limited
7 - Industry AVG
Pay Structure
on an average salary of £55k, the company has an equivalent pay structure (£55k)
- Rift Resources Limited
£55k - Industry AVG
Efficiency
resulting in sales per employee of £231.9k, this is more efficient (£129.6k)
- Rift Resources Limited
£129.6k - Industry AVG
Debtor Days
it gets paid by customers after 163 days, this is later than average (68 days)
- Rift Resources Limited
68 days - Industry AVG
Creditor Days
its suppliers are paid after 121 days, this is slower than average (29 days)
- Rift Resources Limited
29 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Rift Resources Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Rift Resources Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 67.7%, this is a higher level of debt than the average (56.7%)
67.7% - Rift Resources Limited
56.7% - Industry AVG
RIFT RESOURCES LIMITED financials
Rift Resources Limited's latest turnover from December 2022 is estimated at £1.2 million and the company has net assets of £468.4 thousand. According to their latest financial statements, we estimate that Rift Resources Limited has 5 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||
| Other Income Or Grants | |||||||||||
| Cost Of Sales | |||||||||||
| Gross Profit | |||||||||||
| Admin Expenses | |||||||||||
| Operating Profit | -62,925 | -90,102 | -143,720 | ||||||||
| Interest Payable | 73,739 | ||||||||||
| Interest Receivable | 2,000 | ||||||||||
| Pre-Tax Profit | -62,925 | -163,841 | -141,720 | ||||||||
| Tax | |||||||||||
| Profit After Tax | -62,925 | -163,841 | -141,720 | ||||||||
| Dividends Paid | |||||||||||
| Retained Profit | -62,925 | -163,841 | -141,720 | ||||||||
| Employee Costs | 74,300 | ||||||||||
| Number Of Employees | 4 | ||||||||||
| EBITDA* | -42,925 | -90,102 | -143,720 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 933,468 | 566,266 | 70,444 | 69,695 | 19,549 | ||||||
| Intangible Assets | 20,000 | 20,000 | |||||||||
| Investments & Other | 19,549 | 19,549 | 54,091 | 70,000 | |||||||
| Debtors (Due After 1 year) | |||||||||||
| Total Fixed Assets | 933,468 | 566,266 | 70,444 | 69,695 | 19,549 | 19,549 | 19,549 | 54,091 | 70,000 | 20,000 | 20,000 |
| Stock & work in progress | |||||||||||
| Trade Debtors | 518,504 | 839,912 | 153,530 | 76,639 | 106,492 | ||||||
| Group Debtors | |||||||||||
| Misc Debtors | 110,379 | 86,892 | 1,100 | 48,000 | |||||||
| Cash | 12,390 | 15,500 | 19,116 | 20,679 | 102,801 | 167,713 | |||||
| misc current assets | |||||||||||
| total current assets | 518,504 | 839,912 | 263,909 | 163,531 | 106,492 | 12,390 | 15,500 | 19,116 | 20,679 | 103,901 | 215,713 |
| total assets | 1,451,972 | 1,406,178 | 334,353 | 233,226 | 126,041 | 31,939 | 35,049 | 73,207 | 90,679 | 123,901 | 235,713 |
| Bank overdraft | |||||||||||
| Bank loan | |||||||||||
| Trade Creditors | 289,092 | 33,061 | 15,531 | 5,959 | 225 | ||||||
| Group/Directors Accounts | |||||||||||
| other short term finances | |||||||||||
| hp & lease commitments | |||||||||||
| other current liabilities | 1,720 | 91,060 | 93,160 | 191,665 | 161,962 | 61,933 | |||||
| total current liabilities | 289,092 | 33,061 | 15,531 | 5,959 | 225 | 1,720 | 91,060 | 93,160 | 191,665 | 161,962 | 61,933 |
| loans | |||||||||||
| hp & lease commitments | |||||||||||
| Accruals and Deferred Income | 6,120 | 3,720 | 2,820 | 2,820 | 1,320 | ||||||
| other liabilities | 688,359 | 852,527 | 50,000 | ||||||||
| provisions | |||||||||||
| total long term liabilities | 694,479 | 856,247 | 52,820 | 2,820 | 1,320 | ||||||
| total liabilities | 983,571 | 889,308 | 68,351 | 8,779 | 1,545 | 1,720 | 91,060 | 93,160 | 191,665 | 161,962 | 61,933 |
| net assets | 468,401 | 516,870 | 266,002 | 224,447 | 124,496 | 30,219 | -56,011 | -19,953 | -100,986 | -38,061 | 173,780 |
| total shareholders funds | 468,401 | 516,870 | 266,002 | 224,447 | 124,496 | 30,219 | -56,011 | -19,953 | -100,986 | -38,061 | 173,780 |
| Dec 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | -62,925 | -90,102 | -143,720 | ||||||||
| Depreciation | |||||||||||
| Amortisation | 20,000 | ||||||||||
| Tax | |||||||||||
| Stock | |||||||||||
| Debtors | -321,408 | 576,003 | 100,378 | 57,039 | 106,492 | -1,100 | -46,900 | 48,000 | |||
| Creditors | 256,031 | 17,530 | 9,572 | 5,734 | 225 | ||||||
| Accruals and Deferred Income | 2,400 | 900 | 1,500 | -400 | -89,340 | -2,100 | -98,505 | 29,703 | 100,029 | 61,933 | |
| Deferred Taxes & Provisions | |||||||||||
| Cash flow from operations | -12,122 | 56,827 | -129,787 | ||||||||
| Investing Activities | |||||||||||
| capital expenditure | -70,000 | ||||||||||
| Change in Investments | -19,549 | -34,542 | -15,909 | 70,000 | |||||||
| cash flow from investments | -140,000 | ||||||||||
| Financing Activities | |||||||||||
| Bank loans | |||||||||||
| Group/Directors Accounts | |||||||||||
| Other Short Term Loans | |||||||||||
| Long term loans | |||||||||||
| Hire Purchase and Lease Commitments | |||||||||||
| other long term liabilities | -164,168 | 802,527 | 50,000 | ||||||||
| share issue | |||||||||||
| interest | -73,739 | 2,000 | |||||||||
| cash flow from financing | -121,739 | 317,500 | |||||||||
| cash and cash equivalents | |||||||||||
| cash | -12,390 | -3,110 | -3,616 | -1,563 | -82,122 | -64,912 | 167,713 | ||||
| overdraft | |||||||||||
| change in cash | -12,390 | -3,110 | -3,616 | -1,563 | -82,122 | -64,912 | 167,713 |
rift resources limited Credit Report and Business Information
Rift Resources Limited Competitor Analysis
Perform a competitor analysis for rift resources limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in GU22 area or any other competitors across 12 key performance metrics.
rift resources limited Ownership
RIFT RESOURCES LIMITED group structure
Rift Resources Limited has no subsidiary companies.
Ultimate parent company
RIFT RESOURCES LIMITED
07662926
rift resources limited directors
Rift Resources Limited currently has 1 director, Mr Gavin Burnell serving since Jun 2011.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Gavin Burnell | United Kingdom | 47 years | Jun 2011 | - | Director |
P&L
December 2022turnover
1.2m
-19%
operating profit
-48.5k
0%
gross margin
25.4%
-0.28%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
468.4k
-0.09%
total assets
1.5m
+0.03%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
rift resources limited company details
company number
07662926
Type
Private limited with Share Capital
industry
70229 - Management consultancy activities (other than financial management)
incorporation date
June 2011
age
14
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
December 2022
previous names
rift resources plc (March 2014)
accountant
-
auditor
-
address
gainford hook heath road, woking, GU22 0QE
Bank
COUTTS & CO
Legal Advisor
-
rift resources 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 did not find charges/mortgages relating to rift resources limited.
rift resources 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.
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rift resources limited Companies House Filings - See Documents
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