rainmaking innovation limited
rainmaking innovation limited Company Information
Company Number
08433320
Website
https://rainmaking.ioRegistered Address
4th. floor silverstream house, 45 fitzroy street, london, W1T 6EB
Industry
Other business support service activities n.e.c.
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
rainmaking uk ventures ltd 84.6%
jordan schlipf 15.4%
rainmaking innovation limited Estimated Valuation
Pomanda estimates the enterprise value of RAINMAKING INNOVATION LIMITED at £5.9m based on a Turnover of £5.1m and 1.16x industry multiple (adjusted for size and gross margin).
rainmaking innovation limited Estimated Valuation
Pomanda estimates the enterprise value of RAINMAKING INNOVATION LIMITED at £7.5m based on an EBITDA of £826k and a 9.1x industry multiple (adjusted for size and gross margin).
rainmaking innovation limited Estimated Valuation
Pomanda estimates the enterprise value of RAINMAKING INNOVATION LIMITED at £240.1k based on Net Assets of £460k and 0.52x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Rainmaking Innovation Limited Overview
Rainmaking Innovation Limited is a live company located in london, W1T 6EB with a Companies House number of 08433320. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in March 2013, it's largest shareholder is rainmaking uk ventures ltd with a 84.6% stake. Rainmaking Innovation Limited is a established, mid sized company, Pomanda has estimated its turnover at £5.1m with high growth in recent years.
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Rainmaking Innovation Limited Health Check
Pomanda's financial health check has awarded Rainmaking Innovation Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
4 Weak
Size
annual sales of £5.1m, make it larger than the average company (£3.8m)
£5.1m - Rainmaking Innovation Limited
£3.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (3%)
24% - Rainmaking Innovation Limited
3% - Industry AVG
Production
with a gross margin of 100%, this company has a lower cost of product (38.8%)
100% - Rainmaking Innovation Limited
38.8% - Industry AVG
Profitability
an operating margin of 16.2% make it more profitable than the average company (6.3%)
16.2% - Rainmaking Innovation Limited
6.3% - Industry AVG
Employees
with 23 employees, this is similar to the industry average (24)
23 - Rainmaking Innovation Limited
24 - Industry AVG
Pay Structure
on an average salary of £86.7k, the company has a higher pay structure (£50.6k)
£86.7k - Rainmaking Innovation Limited
£50.6k - Industry AVG
Efficiency
resulting in sales per employee of £222.1k, this is more efficient (£157.8k)
£222.1k - Rainmaking Innovation Limited
£157.8k - Industry AVG
Debtor Days
it gets paid by customers after 99 days, this is later than average (44 days)
99 days - Rainmaking Innovation Limited
44 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Rainmaking Innovation Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Rainmaking Innovation Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (24 weeks)
3 weeks - Rainmaking Innovation Limited
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 79.3%, this is a higher level of debt than the average (63.8%)
79.3% - Rainmaking Innovation Limited
63.8% - Industry AVG
RAINMAKING INNOVATION LIMITED financials
Rainmaking Innovation Limited's latest turnover from December 2022 is £5.1 million and the company has net assets of £460 thousand. According to their latest financial statements, Rainmaking Innovation Limited has 23 employees and maintains cash reserves of £130 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 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 5,108,000 | 3,239,000 | 693,000 | 2,676,000 | 3,173,000 | 5,256,000 | 5,288,000 | 3,124,000 | 1,216,568 | 322,872 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 0 | 0 | 0 | 71,000 | 490,000 | 1,076,000 | 1,031,000 | 150,000 | 0 | 4,800 |
| Gross Profit | 5,108,000 | 3,239,000 | 693,000 | 2,605,000 | 2,683,000 | 4,180,000 | 4,257,000 | 2,974,000 | 1,216,568 | 318,072 |
| Admin Expenses | 4,282,000 | 3,878,000 | 1,928,000 | 2,626,000 | 3,836,000 | 3,109,000 | 3,519,000 | 1,969,000 | 731,257 | 337,758 |
| Operating Profit | 826,000 | -639,000 | -1,235,000 | -21,000 | -1,153,000 | 1,071,000 | 738,000 | 1,005,000 | 485,311 | -19,686 |
| Interest Payable | 25,000 | 99,000 | 5,000 | 11,000 | 9,000 | 11,000 | 12,000 | 9,000 | 2,583 | 597 |
| Interest Receivable | 0 | 0 | 0 | 3,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 960,000 | 1,496,000 | -1,130,000 | 298,000 | -856,000 | 1,462,000 | 726,000 | 997,000 | 482,728 | -20,283 |
| Tax | 0 | 0 | 34,000 | -33,000 | -3,000 | -197,000 | -145,000 | -203,000 | -96,692 | 0 |
| Profit After Tax | 960,000 | 1,496,000 | -1,096,000 | 265,000 | -859,000 | 1,265,000 | 581,000 | 794,000 | 386,036 | -20,283 |
| Dividends Paid | 0 | 540,000 | 0 | 0 | 0 | 1,121,000 | 635,000 | 366,000 | 0 | 0 |
| Retained Profit | 960,000 | 956,000 | -1,096,000 | 265,000 | -859,000 | 144,000 | -54,000 | 428,000 | 386,036 | -20,283 |
| Employee Costs | 1,993,000 | 1,186,000 | 1,029,000 | 1,108,000 | 974,000 | 839,000 | 894,000 | 219,000 | 0 | 0 |
| Number Of Employees | 23 | 12 | 16 | 16 | 17 | 11 | 10 | 4 | ||
| EBITDA* | 826,000 | -639,000 | -1,235,000 | -21,000 | -1,153,000 | 1,071,000 | 738,000 | 1,005,000 | 485,311 | -19,686 |
* 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 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 694,000 | 374,000 | 373,000 | 9,000 | 8,000 | 8,000 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 694,000 | 374,000 | 373,000 | 9,000 | 8,000 | 8,000 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 1,394,000 | 2,094,000 | 659,000 | 318,000 | 263,000 | 415,000 | 292,000 | 136,000 | 128,983 | 37,267 |
| Group Debtors | 0 | 0 | 566,000 | 987,000 | 993,000 | 910,000 | 389,000 | 641,000 | 193,292 | 0 |
| Misc Debtors | 0 | 0 | 122,000 | 128,000 | 105,000 | 489,000 | 58,000 | 62,000 | 166,313 | 27,750 |
| Cash | 130,000 | 1,844,000 | 789,000 | 44,000 | 262,000 | 561,000 | 858,000 | 630,000 | 79,407 | 249,671 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,524,000 | 3,938,000 | 2,136,000 | 1,477,000 | 1,623,000 | 2,375,000 | 1,597,000 | 1,469,000 | 567,995 | 314,688 |
| total assets | 2,218,000 | 4,312,000 | 2,509,000 | 1,486,000 | 1,631,000 | 2,383,000 | 1,597,000 | 1,469,000 | 567,995 | 314,688 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,758,000 | 4,196,000 | 62,000 | 44,000 | 120,000 | 109,000 | 128,000 | 214,000 | 66,425 | 95,059 |
| Group/Directors Accounts | 0 | 0 | 118,000 | 102,000 | 99,000 | 133,000 | 42,000 | 36,000 | 0 | 0 |
| other short term finances | 0 | 0 | 1,277,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 1,602,000 | 375,000 | 1,422,000 | 1,292,000 | 687,000 | 425,000 | 135,717 | 239,812 |
| total current liabilities | 1,758,000 | 4,196,000 | 3,059,000 | 521,000 | 1,641,000 | 1,534,000 | 857,000 | 675,000 | 202,142 | 334,871 |
| loans | 0 | 0 | 291,000 | 710,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 291,000 | 710,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 1,758,000 | 4,196,000 | 3,350,000 | 1,231,000 | 1,641,000 | 1,534,000 | 857,000 | 675,000 | 202,142 | 334,871 |
| net assets | 460,000 | 116,000 | -841,000 | 255,000 | -10,000 | 849,000 | 740,000 | 794,000 | 365,853 | -20,183 |
| total shareholders funds | 460,000 | 116,000 | -841,000 | 255,000 | -10,000 | 849,000 | 740,000 | 794,000 | 365,853 | -20,183 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | 826,000 | -639,000 | -1,235,000 | -21,000 | -1,153,000 | 1,071,000 | 738,000 | 1,005,000 | 485,311 | -19,686 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 34,000 | -33,000 | -3,000 | -197,000 | -145,000 | -203,000 | -96,692 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -700,000 | 747,000 | -86,000 | 72,000 | -453,000 | 1,075,000 | -100,000 | 350,412 | 488,588 | 65,017 |
| Creditors | -2,438,000 | 4,134,000 | 18,000 | -76,000 | 11,000 | -19,000 | -86,000 | 147,575 | 66,425 | 95,059 |
| Accruals and Deferred Income | 0 | -1,602,000 | 1,227,000 | -1,047,000 | 130,000 | 605,000 | 262,000 | 289,283 | 135,717 | 239,812 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -912,000 | 1,146,000 | 130,000 | -1,249,000 | -562,000 | 385,000 | 869,000 | 888,446 | 102,173 | 250,168 |
| Investing Activities | ||||||||||
| capital expenditure | 0 | 0 | ||||||||
| Change in Investments | 320,000 | 1,000 | 364,000 | 1,000 | 0 | 8,000 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | ||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | -118,000 | 16,000 | 3,000 | -34,000 | 91,000 | 6,000 | 36,000 | 0 | 0 |
| Other Short Term Loans | 0 | -1,277,000 | 1,277,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | -291,000 | -419,000 | 710,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | -25,000 | -99,000 | -5,000 | -8,000 | -9,000 | -11,000 | -12,000 | -9,000 | -2,583 | -597 |
| cash flow from financing | -641,000 | -1,784,000 | 869,000 | 705,000 | -43,000 | 45,000 | -6,000 | 27,147 | -22,766 | -497 |
| cash and cash equivalents | ||||||||||
| cash | -1,714,000 | 1,055,000 | 745,000 | -218,000 | -299,000 | -297,000 | 228,000 | 550,593 | 79,407 | 249,671 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -1,714,000 | 1,055,000 | 745,000 | -218,000 | -299,000 | -297,000 | 228,000 | 550,593 | 79,407 | 249,671 |
rainmaking innovation limited Credit Report and Business Information
Rainmaking Innovation Limited Competitor Analysis
Perform a competitor analysis for rainmaking innovation limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in W1T area or any other competitors across 12 key performance metrics.
rainmaking innovation limited Ownership
RAINMAKING INNOVATION LIMITED group structure
Rainmaking Innovation Limited has 5 subsidiary companies.
Ultimate parent company
RAINMAKING INNOVATION LIMITED
08433320
5 subsidiaries
rainmaking innovation limited directors
Rainmaking Innovation Limited currently has 4 directors. The longest serving directors include Mr Carsten Kolbek (Mar 2013) and Mr Morten Kristensen (May 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Carsten Kolbek | United Kingdom | 52 years | Mar 2013 | - | Director |
| Mr Morten Kristensen | England | 48 years | May 2020 | - | Director |
| Mr Jordan Schlipf | England | 40 years | Jun 2024 | - | Director |
| Mr Kasper Vardrup | England | 43 years | Jun 2024 | - | Director |
P&L
December 2022turnover
5.1m
+58%
operating profit
826k
-229%
gross margin
100%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
460k
+2.97%
total assets
2.2m
-0.49%
cash
130k
-0.93%
net assets
Total assets minus all liabilities
Similar Companies
rainmaking innovation limited company details
company number
08433320
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
March 2013
age
11
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
venturescout limited (July 2016)
last accounts submitted
December 2022
address
4th. floor silverstream house, 45 fitzroy street, london, W1T 6EB
accountant
-
auditor
-
rainmaking innovation 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 rainmaking innovation limited.
rainmaking innovation limited Companies House Filings - See Documents
| date | description | view/download |
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