rendesco limited
rendesco limited Company Information
Company Number
08191027
Registered Address
14 rodney road, cheltenham, gloucestershire, GL50 1JJ
Industry
Engineering design activities for industrial process and production
Telephone
01242698410
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
renewable heat investments limited 89.5%
mr alastair murray 10.5%
rendesco limited Estimated Valuation
The estimated valuation range for rendesco limited, derived from financial data as of December 2022 and the most recent industry multiples, is between £0 to £1.4m
rendesco limited Estimated Valuation
The estimated valuation range for rendesco limited, derived from financial data as of December 2022 and the most recent industry multiples, is between £0 to £1.4m
rendesco limited Estimated Valuation
The estimated valuation range for rendesco limited, derived from financial data as of December 2022 and the most recent industry multiples, is between £0 to £1.4m
Get a detailed valuation report, edit figures and unlock valuation multiples.
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Rendesco Limited Overview
Rendesco Limited is a live company located in gloucestershire, GL50 1JJ with a Companies House number of 08191027. It operates in the engineering design activities for industrial process and production sector, SIC Code 71121. Founded in August 2012, it's largest shareholder is renewable heat investments limited with a 89.5% stake. Rendesco Limited is a established, small sized company, Pomanda has estimated its turnover at £3.3m with low growth in recent years.
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Rendesco Limited Health Check
Pomanda's financial health check has awarded Rendesco Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs
3 Strong
6 Regular
3 Weak
Size
annual sales of £3.3m, make it larger than the average company (£2.1m)
- Rendesco Limited
£2.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a similar rate (2.5%)
- Rendesco Limited
2.5% - Industry AVG
Production
with a gross margin of 29.6%, this company has a comparable cost of product (29.6%)
- Rendesco Limited
29.6% - Industry AVG
Profitability
an operating margin of -42.4% make it less profitable than the average company (5.8%)
- Rendesco Limited
5.8% - Industry AVG
Employees
with 27 employees, this is similar to the industry average (24)
27 - Rendesco Limited
24 - Industry AVG
Pay Structure
on an average salary of £56.4k, the company has an equivalent pay structure (£56.4k)
- Rendesco Limited
£56.4k - Industry AVG
Efficiency
resulting in sales per employee of £121.1k, this is equally as efficient (£112.4k)
- Rendesco Limited
£112.4k - Industry AVG
Debtor Days
it gets paid by customers after 86 days, this is later than average (70 days)
- Rendesco Limited
70 days - Industry AVG
Creditor Days
its suppliers are paid after 79 days, this is slower than average (45 days)
- Rendesco Limited
45 days - Industry AVG
Stock Days
it holds stock equivalent to 20 days, this is less than average (32 days)
- Rendesco Limited
32 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 18 weeks, this is average cash available to meet short term requirements (18 weeks)
18 weeks - Rendesco Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 108.4%, this is a higher level of debt than the average (57.2%)
108.4% - Rendesco Limited
57.2% - Industry AVG
rendesco limited Credit Report and Business Information
Rendesco Limited Competitor Analysis
Perform a competitor analysis for rendesco limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
rendesco limited Ownership
RENDESCO LIMITED group structure
Rendesco Limited has no subsidiary companies.
rendesco limited directors
Rendesco Limited currently has 3 directors. The longest serving directors include Mr Alastair Murray (Oct 2014) and Mr Michael Heal (Jun 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Alastair Murray | England | 39 years | Oct 2014 | - | Director |
| Mr Michael Heal | England | 43 years | Jun 2019 | - | Director |
| Mr Haydn Mursell | England | 53 years | Apr 2023 | - | Director |
RENDESCO LIMITED financials
Rendesco Limited's latest turnover from December 2022 is estimated at £3.3 million and the company has net assets of -£284.9 thousand. According to their latest financial statements, Rendesco Limited has 27 employees and maintains cash reserves of £235.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | 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 | 27 | 19 | 16 | 11 | 7 | 5 | 5 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 15,993 | 24,864 | 11,481 | 1,481 | 2,055 | 2,628 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 106,155 | 106,155 | 106,155 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 19,900 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 106,155 | 126,055 | 122,148 | 24,864 | 11,481 | 1,481 | 2,055 | 2,628 | 0 |
| Stock & work in progress | 129,365 | 297,742 | 274,162 | 988,888 | 3,819,185 | 3,273,729 | 860,246 | 672,749 | 588,106 | 246,091 | 0 |
| Trade Debtors | 779,127 | 414,698 | 899,800 | 675,983 | 470,497 | 316,213 | 234,945 | 288,746 | 206,200 | 359,484 | 22,840 |
| Group Debtors | 1,802,738 | 3,413,095 | 775,113 | 0 | 0 | 19,273 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 434,154 | 462,279 | 38,356 | 112,428 | 11,164 | 104,622 | 130,557 | 62,895 | 0 | 0 | 0 |
| Cash | 235,507 | 215,843 | 254,239 | 399,321 | 203,602 | 181,977 | 332,947 | 52,248 | 128,117 | 200,963 | 57,549 |
| misc current assets | 0 | 0 | 0 | 0 | 67,882 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,380,891 | 4,803,657 | 2,241,670 | 2,176,620 | 4,572,330 | 3,895,814 | 1,558,695 | 1,076,638 | 922,423 | 806,538 | 80,389 |
| total assets | 3,380,891 | 4,803,657 | 2,347,825 | 2,302,675 | 4,694,478 | 3,920,678 | 1,570,176 | 1,078,119 | 924,478 | 809,166 | 80,389 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 44,019 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 53,881 | 0 | 0 | 0 | 0 |
| Trade Creditors | 500,340 | 274,490 | 585,910 | 743,273 | 445,615 | 718,386 | 209,453 | 436,662 | 670,438 | 307,391 | 125,973 |
| Group/Directors Accounts | 0 | 0 | 60,000 | 326,987 | 3,576,879 | 1,996,143 | 299,829 | 371,837 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 4,105 | 6,985 | 3,472 | 0 | 0 | 0 | 0 |
| other current liabilities | 165,436 | 151,090 | 184,383 | 29,614 | 76,754 | 80,349 | 15,190 | 14,405 | 0 | 0 | 0 |
| total current liabilities | 665,776 | 425,580 | 830,293 | 1,099,874 | 4,103,353 | 2,845,882 | 581,825 | 822,904 | 670,438 | 307,391 | 125,973 |
| loans | 3,000,000 | 3,000,000 | 0 | 0 | 0 | 705,669 | 680,761 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 10,081 | 14,186 | 4,137 | 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 | 0 | 0 | 0 | 0 | 284,712 | 0 |
| provisions | 0 | 0 | 472 | 527 | 1,646 | 565 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 3,000,000 | 3,000,000 | 472 | 527 | 11,727 | 720,420 | 684,898 | 0 | 0 | 284,712 | 0 |
| total liabilities | 3,665,776 | 3,425,580 | 830,765 | 1,100,401 | 4,115,080 | 3,566,302 | 1,266,723 | 822,904 | 670,438 | 592,103 | 125,973 |
| net assets | -284,885 | 1,378,077 | 1,517,060 | 1,202,274 | 579,398 | 354,376 | 303,453 | 255,215 | 254,040 | 217,063 | -45,584 |
| total shareholders funds | -284,885 | 1,378,077 | 1,517,060 | 1,202,274 | 579,398 | 354,376 | 303,453 | 255,215 | 254,040 | 217,063 | -45,584 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | |||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 8,871 | 8,512 | 4,098 | 574 | 573 | 142 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | |||||||||||
| Stock | -168,377 | 23,580 | -714,726 | -2,830,297 | 545,456 | 2,413,483 | 187,497 | 84,643 | 342,015 | 246,091 | 0 |
| Debtors | -1,274,053 | 2,576,803 | 904,958 | 326,650 | 41,553 | 74,606 | 13,861 | 145,441 | -153,284 | 336,644 | 22,840 |
| Creditors | 225,850 | -311,420 | -157,363 | 297,658 | -272,771 | 508,933 | -227,209 | -233,776 | 363,047 | 181,418 | 125,973 |
| Accruals and Deferred Income | 14,346 | -33,293 | 154,769 | -47,140 | -3,595 | 65,159 | 785 | 14,405 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | -472 | -55 | -1,119 | 1,081 | 565 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||||
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | 0 | -106,155 | 0 | 0 | 106,155 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | -53,881 | 53,881 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | -60,000 | -266,987 | -3,249,892 | 1,580,736 | 1,696,314 | -72,008 | 371,837 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 3,000,000 | 0 | 0 | -705,669 | 24,908 | 680,761 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | -14,186 | -6,985 | 13,562 | 7,609 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -284,712 | 284,712 | 0 |
| share issue | |||||||||||
| interest | |||||||||||
| cash flow from financing | |||||||||||
| cash and cash equivalents | |||||||||||
| cash | 19,664 | -38,396 | -145,082 | 195,719 | 21,625 | -150,970 | 280,699 | -75,869 | -72,846 | 143,414 | 57,549 |
| overdraft | 0 | 0 | 0 | 0 | -44,019 | 44,019 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 19,664 | -38,396 | -145,082 | 195,719 | 65,644 | -194,989 | 280,699 | -75,869 | -72,846 | 143,414 | 57,549 |
P&L
December 2022turnover
3.3m
+73%
operating profit
-1.4m
0%
gross margin
29.7%
-1.25%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-284.9k
-1.21%
total assets
3.4m
-0.3%
cash
235.5k
+0.09%
net assets
Total assets minus all liabilities
rendesco limited company details
company number
08191027
Type
Private limited with Share Capital
industry
71121 - Engineering design activities for industrial process and production
incorporation date
August 2012
age
12
accounts
Total Exemption Full
ultimate parent company
previous names
the renewable design company limited (July 2020)
incorporated
UK
address
14 rodney road, cheltenham, gloucestershire, GL50 1JJ
last accounts submitted
December 2022
rendesco 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 rendesco limited.
rendesco limited Companies House Filings - See Documents
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