rentify ltd
rentify ltd Company Information
Company Number
07723819
Next Accounts
1282 days late
Shareholders
balderton capital iv l.p.
backed encore 1. lp
View AllGroup Structure
View All
Industry
Business and domestic software development
Registered Address
pearl assurance house, 319 ballards lane, london, N12 8LY
Website
www.rentify.comrentify ltd Estimated Valuation
Pomanda estimates the enterprise value of RENTIFY LTD at £793.6k based on a Turnover of £903.1k and 0.88x industry multiple (adjusted for size and gross margin).
rentify ltd Estimated Valuation
Pomanda estimates the enterprise value of RENTIFY LTD at £0 based on an EBITDA of £-1.8m and a 5.36x industry multiple (adjusted for size and gross margin).
rentify ltd Estimated Valuation
Pomanda estimates the enterprise value of RENTIFY LTD at £0 based on Net Assets of £-329.8k and 2.38x industry multiple (adjusted for liquidity).
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Rentify Ltd Overview
Rentify Ltd is a live company located in london, N12 8LY with a Companies House number of 07723819. It operates in the business and domestic software development sector, SIC Code 62012. Founded in August 2011, it's largest shareholder is balderton capital iv l.p. with a 24.9% stake. Rentify Ltd is a established, small sized company, Pomanda has estimated its turnover at £903.1k with rapid growth in recent years.
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Rentify Ltd Health Check
Pomanda's financial health check has awarded Rentify Ltd a 3.5 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
2 Regular
5 Weak
Size
annual sales of £903.1k, make it smaller than the average company (£2.4m)
- Rentify Ltd
£2.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 51%, show it is growing at a faster rate (7.7%)
- Rentify Ltd
7.7% - Industry AVG
Production
with a gross margin of 72.9%, this company has a comparable cost of product (72.9%)
- Rentify Ltd
72.9% - Industry AVG
Profitability
an operating margin of -196.5% make it less profitable than the average company (4.4%)
- Rentify Ltd
4.4% - Industry AVG
Employees
with 18 employees, this is below the industry average (35)
18 - Rentify Ltd
35 - Industry AVG
Pay Structure
on an average salary of £62.1k, the company has an equivalent pay structure (£62.1k)
- Rentify Ltd
£62.1k - Industry AVG
Efficiency
resulting in sales per employee of £50.2k, this is less efficient (£108.4k)
- Rentify Ltd
£108.4k - Industry AVG
Debtor Days
it gets paid by customers after 16 days, this is earlier than average (64 days)
- Rentify Ltd
64 days - Industry AVG
Creditor Days
its suppliers are paid after 93 days, this is slower than average (46 days)
- Rentify Ltd
46 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Rentify Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 29 weeks, this is more cash available to meet short term requirements (17 weeks)
29 weeks - Rentify Ltd
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 133.4%, this is a higher level of debt than the average (63.7%)
133.4% - Rentify Ltd
63.7% - Industry AVG
RENTIFY LTD financials
Rentify Ltd's latest turnover from December 2019 is estimated at £903.1 thousand and the company has net assets of -£329.8 thousand. According to their latest financial statements, Rentify Ltd has 18 employees and maintains cash reserves of £736.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|
| 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 | 18 | 20 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 10,976 | 20,480 | 17,078 | 44,604 | 93,932 | 79,311 | 45,785 | 7,960 |
| Intangible Assets | 34,441 | 47,289 | 38,051 | 28,391 | ||||
| Investments & Other | ||||||||
| Debtors (Due After 1 year) | ||||||||
| Total Fixed Assets | 10,976 | 20,480 | 17,078 | 79,045 | 141,221 | 117,362 | 74,176 | 7,960 |
| Stock & work in progress | ||||||||
| Trade Debtors | 41,227 | 12,701 | 10,583 | 43,190 | 37,309 | 209,996 | 149,291 | 1,973,054 |
| Group Debtors | ||||||||
| Misc Debtors | 199,175 | 257,727 | 66,900 | 187,805 | 306,444 | 4,242 | ||
| Cash | 736,685 | 271,888 | 227,995 | 121,426 | 141,721 | 253,185 | 675,435 | 162,158 |
| misc current assets | ||||||||
| total current assets | 977,087 | 542,316 | 305,478 | 352,421 | 485,474 | 463,181 | 824,726 | 2,139,454 |
| total assets | 988,063 | 562,796 | 322,556 | 431,466 | 626,695 | 580,543 | 898,902 | 2,147,414 |
| Bank overdraft | 24 | 11 | ||||||
| Bank loan | ||||||||
| Trade Creditors | 62,839 | 131,222 | 220,845 | 124,760 | 106,476 | 179,954 | 54,280 | 13,971 |
| Group/Directors Accounts | ||||||||
| other short term finances | ||||||||
| hp & lease commitments | ||||||||
| other current liabilities | 1,254,986 | 461,481 | 2,279,177 | 856,874 | 335,265 | |||
| total current liabilities | 1,317,849 | 592,703 | 2,500,022 | 981,645 | 441,741 | 179,954 | 54,280 | 13,971 |
| loans | ||||||||
| hp & lease commitments | ||||||||
| Accruals and Deferred Income | ||||||||
| other liabilities | ||||||||
| provisions | 77,056 | 77,056 | ||||||
| total long term liabilities | 77,056 | 77,056 | ||||||
| total liabilities | 1,317,849 | 669,759 | 2,577,078 | 981,645 | 441,741 | 179,954 | 54,280 | 13,971 |
| net assets | -329,786 | -106,963 | -2,254,522 | -550,179 | 184,954 | 400,589 | 844,622 | 2,133,443 |
| total shareholders funds | -329,786 | -106,963 | -2,254,522 | -550,179 | 184,954 | 400,589 | 844,622 | 2,133,443 |
| Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 9,504 | 12,957 | 29,677 | 52,021 | 46,982 | 13,478 | 9,256 | 913 |
| Amortisation | 12,848 | 10,762 | 4,340 | |||||
| Tax | ||||||||
| Stock | ||||||||
| Debtors | -30,026 | 192,945 | -153,512 | -112,758 | 133,757 | 60,705 | -1,828,005 | 1,977,296 |
| Creditors | -68,383 | -89,623 | 96,085 | 18,284 | -73,478 | 125,674 | 40,309 | 13,971 |
| Accruals and Deferred Income | 793,505 | -1,817,696 | 1,422,303 | 521,609 | 335,265 | |||
| Deferred Taxes & Provisions | -77,056 | 77,056 | ||||||
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | ||||||||
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | ||||||||
| Group/Directors Accounts | ||||||||
| Other Short Term Loans | ||||||||
| Long term loans | ||||||||
| Hire Purchase and Lease Commitments | ||||||||
| other long term liabilities | ||||||||
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | 464,797 | 43,893 | 106,569 | -20,295 | -111,464 | -422,250 | 513,277 | 162,158 |
| overdraft | 24 | -11 | 11 | |||||
| change in cash | 464,773 | 43,893 | 106,580 | -20,306 | -111,464 | -422,250 | 513,277 | 162,158 |
rentify ltd Credit Report and Business Information
Rentify Ltd Competitor Analysis
Perform a competitor analysis for rentify ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in N12 area or any other competitors across 12 key performance metrics.
rentify ltd Ownership
RENTIFY LTD group structure
Rentify Ltd has no subsidiary companies.
Ultimate parent company
RENTIFY LTD
07723819
rentify ltd directors
Rentify Ltd currently has 2 directors. The longest serving directors include Mr Struan McRae Spencer (Aug 2011) and Mr Timothy Bunting (Dec 2012).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Struan McRae Spencer | 38 years | Aug 2011 | - | Director | |
| Mr Timothy Bunting | 61 years | Dec 2012 | - | Director |
P&L
December 2019turnover
903.1k
-3%
operating profit
-1.8m
0%
gross margin
73%
+0.45%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2019net assets
-329.8k
+2.08%
total assets
988.1k
+0.76%
cash
736.7k
+1.71%
net assets
Total assets minus all liabilities
Similar Companies
rentify ltd company details
company number
07723819
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
incorporation date
August 2011
age
14
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2019
previous names
N/A
accountant
-
auditor
-
address
pearl assurance house, 319 ballards lane, london, N12 8LY
Bank
-
Legal Advisor
-
rentify ltd 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 rentify ltd.
rentify ltd 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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rentify ltd Companies House Filings - See Documents
| date | description | view/download |
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