rock e ltd
rock e ltd Company Information
Company Number
08269972
Website
www.flatrocktech.comRegistered Address
6th floor 9 appold street, london, EC2A 2AP
Industry
Activities of head offices
Telephone
02072504778
Next Accounts Due
416 days late
Group Structure
View All
Shareholders
6 bones limited 100%
rock e ltd Estimated Valuation
Pomanda estimates the enterprise value of ROCK E LTD at £1m based on a Turnover of £1.5m and 0.68x industry multiple (adjusted for size and gross margin).
rock e ltd Estimated Valuation
Pomanda estimates the enterprise value of ROCK E LTD at £144.6k based on an EBITDA of £30.9k and a 4.69x industry multiple (adjusted for size and gross margin).
rock e ltd Estimated Valuation
Pomanda estimates the enterprise value of ROCK E LTD at £0 based on Net Assets of £-849.8k and 0.77x industry multiple (adjusted for liquidity).
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Rock E Ltd Overview
Rock E Ltd is a live company located in london, EC2A 2AP with a Companies House number of 08269972. It operates in the activities of head offices sector, SIC Code 70100. Founded in October 2012, it's largest shareholder is 6 bones limited with a 100% stake. Rock E Ltd is a established, small sized company, Pomanda has estimated its turnover at £1.5m with declining growth in recent years.
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Rock E Ltd Health Check
Pomanda's financial health check has awarded Rock E Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
7 Weak
Size
annual sales of £1.5m, make it smaller than the average company (£16.8m)
- Rock E Ltd
£16.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (-0.5%)
- Rock E Ltd
-0.5% - Industry AVG
Production
with a gross margin of 31.5%, this company has a comparable cost of product (31.5%)
- Rock E Ltd
31.5% - Industry AVG
Profitability
an operating margin of 2.1% make it less profitable than the average company (4.6%)
- Rock E Ltd
4.6% - Industry AVG
Employees
with 26 employees, this is below the industry average (120)
26 - Rock E Ltd
120 - Industry AVG
Pay Structure
on an average salary of £40.5k, the company has an equivalent pay structure (£40.5k)
- Rock E Ltd
£40.5k - Industry AVG
Efficiency
resulting in sales per employee of £56.6k, this is less efficient (£153.5k)
- Rock E Ltd
£153.5k - Industry AVG
Debtor Days
it gets paid by customers after 5 days, this is earlier than average (48 days)
- Rock E Ltd
48 days - Industry AVG
Creditor Days
its suppliers are paid after 69 days, this is slower than average (47 days)
- Rock E Ltd
47 days - Industry AVG
Stock Days
it holds stock equivalent to 3 days, this is less than average (50 days)
- Rock E Ltd
50 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (18 weeks)
1 weeks - Rock E Ltd
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 453.3%, this is a higher level of debt than the average (59.3%)
453.3% - Rock E Ltd
59.3% - Industry AVG
ROCK E LTD financials
Rock E Ltd's latest turnover from October 2021 is estimated at £1.5 million and the company has net assets of -£849.8 thousand. According to their latest financial statements, Rock E Ltd has 26 employees and maintains cash reserves of £26.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | |
|---|---|---|---|---|---|---|---|---|---|
| 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 | 26 | 26 | 26 | 26 | 23 | 20 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 20,880 | 5,791 | 8,261 | 48,358 | 49,555 | 50,230 | 19,781 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 1,500 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 279,164 |
| Total Fixed Assets | 20,880 | 5,791 | 8,261 | 48,358 | 49,555 | 51,730 | 19,781 | 0 | 279,164 |
| Stock & work in progress | 9,574 | 10,172 | 11,389 | 14,275 | 9,658 | 11,781 | 14,021 | 0 | 0 |
| Trade Debtors | 20,492 | 7,158 | 3,722 | 2,376 | 168,746 | 176,702 | 162,373 | 351,865 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 162,961 | 130,813 | 170,591 | 183,270 | 0 | 0 | 0 | 0 | 0 |
| Cash | 26,661 | 57,400 | 30,034 | 72,007 | 37,628 | 16,090 | 21,736 | 488 | 931 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 219,688 | 205,543 | 215,736 | 271,928 | 216,032 | 204,573 | 198,130 | 352,353 | 931 |
| total assets | 240,568 | 211,334 | 223,997 | 320,286 | 265,587 | 256,303 | 217,911 | 352,353 | 280,095 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 9,976 | 833 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 192,536 | 162,589 | 252,783 | 425,323 | 672,034 | 484,614 | 543,808 | 437,488 | 284,844 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 848,577 | 871,022 | 782,809 | 504,681 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 1,051,089 | 1,034,444 | 1,035,592 | 930,004 | 672,034 | 484,614 | 543,808 | 437,488 | 284,844 |
| loans | 39,293 | 49,167 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 10,608 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 39,293 | 49,167 | 0 | 0 | 0 | 0 | 10,608 | 0 | 0 |
| total liabilities | 1,090,382 | 1,083,611 | 1,035,592 | 930,004 | 672,034 | 484,614 | 554,416 | 437,488 | 284,844 |
| net assets | -849,814 | -872,277 | -811,595 | -609,718 | -406,447 | -228,311 | -336,505 | -85,135 | -4,749 |
| total shareholders funds | -849,814 | -872,277 | -811,595 | -609,718 | -406,447 | -228,311 | -336,505 | -85,135 | -4,749 |
| Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 141 | 18,679 | 41,489 | 29,983 | 0 | 17,605 | 6,594 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||
| Stock | -598 | -1,217 | -2,886 | 4,617 | -2,123 | -2,240 | 14,021 | 0 | 0 |
| Debtors | 45,482 | -36,342 | -11,333 | 16,900 | -7,956 | 14,329 | -189,492 | 72,701 | 279,164 |
| Creditors | 29,947 | -90,194 | -172,540 | -246,711 | 187,420 | -59,194 | 106,320 | 152,644 | 284,844 |
| Accruals and Deferred Income | -22,445 | 88,213 | 278,128 | 504,681 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 9,143 | 833 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -9,874 | 49,167 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | -10,608 | 10,608 | 0 | 0 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | -30,739 | 27,366 | -41,973 | 34,379 | 21,538 | -5,646 | 21,248 | -443 | 931 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -30,739 | 27,366 | -41,973 | 34,379 | 21,538 | -5,646 | 21,248 | -443 | 931 |
rock e ltd Credit Report and Business Information
Rock E Ltd Competitor Analysis
Perform a competitor analysis for rock e ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in EC2A area or any other competitors across 12 key performance metrics.
rock e ltd Ownership
ROCK E LTD group structure
Rock E Ltd has no subsidiary companies.
rock e ltd directors
Rock E Ltd currently has 3 directors. The longest serving directors include Mr Dipak Panchal (Oct 2012) and Mr Jamie Sulkin (Jun 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Dipak Panchal | United Kingdom | 48 years | Oct 2012 | - | Director |
| Mr Jamie Sulkin | England | 45 years | Jun 2020 | - | Director |
| Mr Jamie Sulkin | 45 years | Jun 2020 | - | Director |
P&L
October 2021turnover
1.5m
0%
operating profit
30.7k
0%
gross margin
31.6%
-1.66%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2021net assets
-849.8k
-0.03%
total assets
240.6k
+0.14%
cash
26.7k
-0.54%
net assets
Total assets minus all liabilities
Similar Companies
rock e ltd company details
company number
08269972
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
October 2012
age
12
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
October 2021
address
6th floor 9 appold street, london, EC2A 2AP
accountant
-
auditor
-
rock e 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 found 4 charges/mortgages relating to rock e ltd. Currently there are 3 open charges and 1 have been satisfied in the past.
rock e ltd Companies House Filings - See Documents
| date | description | view/download |
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