rift technology limited
rift technology limited Company Information
Company Number
07756754
Next Accounts
295 days late
Industry
Other research and experimental development on natural sciences and engineering
Shareholders
rift holdings limited
stephen patrick mckay
View AllGroup Structure
View All
Contact
Registered Address
frp advisory trading limited, mountbatten house, southampton, SO15 2RP
Website
www.rifttechnology.comrift technology limited Estimated Valuation
Pomanda estimates the enterprise value of RIFT TECHNOLOGY LIMITED at £531.9k based on a Turnover of £427k and 1.25x industry multiple (adjusted for size and gross margin).
rift technology limited Estimated Valuation
Pomanda estimates the enterprise value of RIFT TECHNOLOGY LIMITED at £0 based on an EBITDA of £-273.4k and a 5.76x industry multiple (adjusted for size and gross margin).
rift technology limited Estimated Valuation
Pomanda estimates the enterprise value of RIFT TECHNOLOGY LIMITED at £635.9k based on Net Assets of £307.2k and 2.07x industry multiple (adjusted for liquidity).
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Rift Technology Limited Overview
Rift Technology Limited is a live company located in southampton, SO15 2RP with a Companies House number of 07756754. It operates in the other research and experimental development on natural sciences and engineering sector, SIC Code 72190. Founded in August 2011, it's largest shareholder is rift holdings limited with a 75% stake. Rift Technology Limited is a established, micro sized company, Pomanda has estimated its turnover at £427k with unknown growth in recent years.
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Rift Technology Limited Health Check
Pomanda's financial health check has awarded Rift Technology Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
8 Weak
Size
annual sales of £427k, make it smaller than the average company (£3.6m)
- Rift Technology Limited
£3.6m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Rift Technology Limited
- - Industry AVG
Production
with a gross margin of 48.2%, this company has a comparable cost of product (48.2%)
- Rift Technology Limited
48.2% - Industry AVG
Profitability
an operating margin of -73% make it less profitable than the average company (5.1%)
- Rift Technology Limited
5.1% - Industry AVG
Employees
with 8 employees, this is below the industry average (36)
8 - Rift Technology Limited
36 - Industry AVG
Pay Structure
on an average salary of £58.6k, the company has an equivalent pay structure (£58.6k)
- Rift Technology Limited
£58.6k - Industry AVG
Efficiency
resulting in sales per employee of £53.4k, this is less efficient (£113.8k)
- Rift Technology Limited
£113.8k - Industry AVG
Debtor Days
it gets paid by customers after 6 days, this is earlier than average (49 days)
- Rift Technology Limited
49 days - Industry AVG
Creditor Days
its suppliers are paid after 38 days, this is quicker than average (43 days)
- Rift Technology Limited
43 days - Industry AVG
Stock Days
it holds stock equivalent to 176 days, this is more than average (105 days)
- Rift Technology Limited
105 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (44 weeks)
1 weeks - Rift Technology Limited
44 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 58.4%, this is a higher level of debt than the average (45.3%)
58.4% - Rift Technology Limited
45.3% - Industry AVG
RIFT TECHNOLOGY LIMITED financials
Rift Technology Limited's latest turnover from June 2022 is estimated at £427 thousand and the company has net assets of £307.2 thousand. According to their latest financial statements, Rift Technology Limited has 8 employees and maintains cash reserves of £8.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2022 | Jun 2021 | Jun 2020 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 83,218 | 0 | 0 | ||||||||
| Other Income Or Grants | |||||||||||
| Cost Of Sales | |||||||||||
| Gross Profit | |||||||||||
| Admin Expenses | |||||||||||
| Operating Profit | -62,828 | -60,225 | |||||||||
| Interest Payable | 326 | 125 | 288 | ||||||||
| Interest Receivable | 0 | 0 | 0 | ||||||||
| Pre-Tax Profit | -41,652 | -62,953 | -60,513 | ||||||||
| Tax | 0 | 0 | 0 | ||||||||
| Profit After Tax | -41,652 | -62,953 | -60,513 | ||||||||
| Dividends Paid | 0 | 0 | 0 | ||||||||
| Retained Profit | -41,652 | -62,953 | -60,513 | ||||||||
| Employee Costs | 25,397 | ||||||||||
| Number Of Employees | 8 | 8 | 2 | 2 | |||||||
| EBITDA* | -62,596 | -60,225 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2022 | Jun 2021 | Jun 2020 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 15,909 | 21,211 | 0 | 584 | 712 | 868 | 1,058 | 1,290 | 1,476 | 787 | 0 |
| Intangible Assets | 595,652 | 628,744 | 0 | 19,000,000 | 9,500,000 | 9,500,000 | 9,500,000 | 9,500,000 | 9,500,000 | 9,500,000 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 611,561 | 649,955 | 0 | 19,000,584 | 9,500,712 | 9,500,868 | 9,501,058 | 9,501,290 | 9,501,476 | 9,500,787 | 0 |
| Stock & work in progress | 107,000 | 110,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 7,650 | 1,232 | 0 | 0 | 6,286 | 44,159 | 48,436 | 131,722 | 131,722 | 0 | 0 |
| Group Debtors | 0 | 193,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 3,000 | 5,994 | 109,539 | 0 | 0 | 0 | 0 | 0 | 0 | 136,719 | 0 |
| Cash | 8,940 | 52,013 | 194,643 | 3,428 | 1,956 | 2,957 | 2,341 | 0 | 77 | 671 | 0 |
| misc current assets | 0 | 0 | 261 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 126,590 | 362,239 | 304,443 | 3,428 | 8,242 | 47,116 | 50,777 | 131,722 | 131,799 | 137,390 | 0 |
| total assets | 738,151 | 1,012,194 | 304,443 | 19,004,012 | 9,508,954 | 9,547,984 | 9,551,835 | 9,633,012 | 9,633,275 | 9,638,177 | 0 |
| Bank overdraft | 10,421 | 833 | 833 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 23,335 | 71,123 | 51,206 | 0 | 79,501 | 116,397 | 78,596 | 94,820 | 34,570 | 196,177 | 0 |
| Group/Directors Accounts | 0 | 0 | 50,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 163,418 | 96,462 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 120,866 | 45,184 | 25,348 | 1,274 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 318,040 | 213,602 | 127,387 | 1,274 | 79,501 | 116,397 | 78,596 | 94,820 | 34,570 | 196,177 | 0 |
| loans | 112,914 | 160,289 | 49,167 | 216,173 | 181,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 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 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 188,000 | 188,000 | 190,000 | 190,000 | 3,888 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 112,914 | 160,289 | 49,167 | 216,173 | 181,000 | 188,000 | 188,000 | 190,000 | 190,000 | 3,888 | 0 |
| total liabilities | 430,954 | 373,891 | 176,554 | 217,447 | 260,501 | 304,397 | 266,596 | 284,820 | 224,570 | 200,065 | 0 |
| net assets | 307,197 | 638,303 | 127,889 | 18,786,565 | 9,248,453 | 9,243,587 | 9,285,239 | 9,348,192 | 9,408,705 | 9,438,112 | 0 |
| total shareholders funds | 307,197 | 638,303 | 127,889 | 18,786,565 | 9,248,453 | 9,243,587 | 9,285,239 | 9,348,192 | 9,408,705 | 9,438,112 | 0 |
| Jun 2022 | Jun 2021 | Jun 2020 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | -62,828 | -60,225 | |||||||||
| Depreciation | 5,302 | 5,303 | 0 | 128 | 190 | 232 | 49 | 0 | |||
| Amortisation | 33,092 | 33,092 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Tax | 0 | 0 | 0 | ||||||||
| Stock | -3,000 | 110,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -189,576 | 90,687 | 109,539 | -6,286 | -37,873 | -4,277 | -83,286 | 0 | -4,997 | 136,719 | 0 |
| Creditors | -47,788 | 19,917 | 51,206 | -79,501 | -36,896 | 37,801 | -16,224 | 60,250 | -161,607 | 196,177 | 0 |
| Accruals and Deferred Income | 75,682 | 19,836 | 25,348 | 1,274 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 4,466 | ||||||||||
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | -50,000 | 50,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 66,956 | 96,462 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -47,375 | 111,122 | 49,167 | 35,173 | 181,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | -188,000 | 0 | -2,000 | 0 | 186,112 | 3,888 | 0 |
| share issue | |||||||||||
| interest | -326 | -125 | -288 | ||||||||
| cash flow from financing | -326 | -2,125 | -288 | ||||||||
| cash and cash equivalents | |||||||||||
| cash | -43,073 | -142,630 | 194,643 | 1,472 | -1,001 | 616 | 2,341 | -77 | -594 | 671 | 0 |
| overdraft | 9,588 | 0 | 833 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -52,661 | -142,630 | 193,810 | 1,472 | -1,001 | 616 | 2,341 | -77 | -594 | 671 | 0 |
rift technology limited Credit Report and Business Information
Rift Technology Limited Competitor Analysis
Perform a competitor analysis for rift technology limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in SO15 area or any other competitors across 12 key performance metrics.
rift technology limited Ownership
RIFT TECHNOLOGY LIMITED group structure
Rift Technology Limited has 4 subsidiary companies.
Ultimate parent company
1 parent
RIFT TECHNOLOGY LIMITED
07756754
4 subsidiaries
rift technology limited directors
Rift Technology Limited currently has 2 directors. The longest serving directors include Mrs Katrina Kerr (Aug 2022) and Mr James O'Donnell (Mar 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Katrina Kerr | England | 41 years | Aug 2022 | - | Director |
| Mr James O'Donnell | 51 years | Mar 2023 | - | Director |
P&L
June 2022turnover
427k
-3%
operating profit
-311.8k
0%
gross margin
48.2%
+0.35%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2022net assets
307.2k
-0.52%
total assets
738.2k
-0.27%
cash
8.9k
-0.83%
net assets
Total assets minus all liabilities
rift technology limited company details
company number
07756754
Type
Private limited with Share Capital
industry
72190 - Other research and experimental development on natural sciences and engineering
incorporation date
August 2011
age
14
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
June 2022
previous names
N/A
accountant
HAINES WATTS WORCESTER LIMITED
auditor
-
address
frp advisory trading limited, mountbatten house, southampton, SO15 2RP
Bank
-
Legal Advisor
-
rift technology 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 technology limited.
rift technology 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 technology limited Companies House Filings - See Documents
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