rainmaking innovation limited

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rainmaking innovation limited Company Information

Share RAINMAKING INNOVATION LIMITED

Company Number

08433320

Shareholders

rainmaking uk ventures ltd

jordan schlipf

Group Structure

View All

Industry

Other business support service activities n.e.c.

 

Registered Address

4th. floor silverstream house, 45 fitzroy street, london, W1T 6EB

rainmaking innovation limited Estimated Valuation

£3.8m

Pomanda estimates the enterprise value of RAINMAKING INNOVATION LIMITED at £3.8m based on a Turnover of £3.5m and 1.09x industry multiple (adjusted for size and gross margin).

rainmaking innovation limited Estimated Valuation

£2.4m

Pomanda estimates the enterprise value of RAINMAKING INNOVATION LIMITED at £2.4m based on an EBITDA of £299k and a 7.87x industry multiple (adjusted for size and gross margin).

rainmaking innovation limited Estimated Valuation

£6.9m

Pomanda estimates the enterprise value of RAINMAKING INNOVATION LIMITED at £6.9m based on Net Assets of £3m and 2.3x industry multiple (adjusted for liquidity).

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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, small sized company, Pomanda has estimated its turnover at £3.5m with rapid 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 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

4 Strong

positive_score

2 Regular

positive_score

4 Weak

size

Size

annual sales of £3.5m, make it smaller than the average company (£4.8m)

£3.5m - Rainmaking Innovation Limited

£4.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 71%, show it is growing at a faster rate (6.7%)

71% - Rainmaking Innovation Limited

6.7% - Industry AVG

production

Production

with a gross margin of 100%, this company has a lower cost of product (38.2%)

100% - Rainmaking Innovation Limited

38.2% - Industry AVG

profitability

Profitability

an operating margin of 8.6% make it more profitable than the average company (5.7%)

8.6% - Rainmaking Innovation Limited

5.7% - Industry AVG

employees

Employees

with 24 employees, this is similar to the industry average (27)

24 - Rainmaking Innovation Limited

27 - Industry AVG

paystructure

Pay Structure

on an average salary of £74k, the company has a higher pay structure (£54k)

£74k - Rainmaking Innovation Limited

£54k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £144.8k, this is less efficient (£171.6k)

£144.8k - Rainmaking Innovation Limited

£171.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 326 days, this is later than average (42 days)

326 days - Rainmaking Innovation Limited

42 days - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Rainmaking Innovation Limited

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Rainmaking Innovation Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 23 weeks, this is average cash available to meet short term requirements (22 weeks)

23 weeks - Rainmaking Innovation Limited

22 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 30.7%, this is a lower level of debt than the average (62.4%)

30.7% - Rainmaking Innovation Limited

62.4% - Industry AVG

RAINMAKING INNOVATION LIMITED financials

EXPORTms excel logo

Rainmaking Innovation Limited's latest turnover from December 2023 is £3.5 million and the company has net assets of £3 million. According to their latest financial statements, Rainmaking Innovation Limited has 24 employees and maintains cash reserves of £615 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Mar 2014
Turnover3,476,0005,108,0003,239,000693,0002,676,0003,173,0005,256,0005,288,0003,124,0001,216,568322,872
Other Income Or Grants00000000000
Cost Of Sales000071,000490,0001,076,0001,031,000150,00004,800
Gross Profit3,476,0005,108,0003,239,000693,0002,605,0002,683,0004,180,0004,257,0002,974,0001,216,568318,072
Admin Expenses3,177,0004,282,0003,878,0001,928,0002,626,0003,836,0003,109,0003,519,0001,969,000731,257337,758
Operating Profit299,000826,000-639,000-1,235,000-21,000-1,153,0001,071,000738,0001,005,000485,311-19,686
Interest Payable7,00025,00099,0005,00011,0009,00011,00012,0009,0002,583597
Interest Receivable10,0000003,000000000
Pre-Tax Profit9,437,000960,0001,496,000-1,130,000298,000-856,0001,462,000726,000997,000482,728-20,283
Tax00034,000-33,000-3,000-197,000-145,000-203,000-96,6920
Profit After Tax9,437,000960,0001,496,000-1,096,000265,000-859,0001,265,000581,000794,000386,036-20,283
Dividends Paid00540,0000001,121,000635,000366,00000
Retained Profit9,437,000960,000956,000-1,096,000265,000-859,000144,000-54,000428,000386,036-20,283
Employee Costs1,776,0001,993,0001,186,0001,029,0001,108,000974,000839,000894,000219,00000
Number Of Employees2423121616171110493
EBITDA*299,000826,000-639,000-1,235,000-21,000-1,153,0001,071,000738,0001,005,000485,311-19,686

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Mar 2014
Tangible Assets00000000000
Intangible Assets00000000000
Investments & Other636,000694,000374,000373,0009,0008,0008,0000000
Debtors (Due After 1 year)00000000000
Total Fixed Assets636,000694,000374,000373,0009,0008,0008,0000000
Stock & work in progress00000000000
Trade Debtors3,107,0001,394,0002,094,000659,000318,000263,000415,000292,000136,000128,98337,267
Group Debtors000566,000987,000993,000910,000389,000641,000193,2920
Misc Debtors000122,000128,000105,000489,00058,00062,000166,31327,750
Cash615,000130,0001,844,000789,00044,000262,000561,000858,000630,00079,407249,671
misc current assets00000000000
total current assets3,722,0001,524,0003,938,0002,136,0001,477,0001,623,0002,375,0001,597,0001,469,000567,995314,688
total assets4,358,0002,218,0004,312,0002,509,0001,486,0001,631,0002,383,0001,597,0001,469,000567,995314,688
Bank overdraft00000000000
Bank loan00000000000
Trade Creditors 1,336,0001,758,0004,196,00062,00044,000120,000109,000128,000214,00066,42595,059
Group/Directors Accounts000118,000102,00099,000133,00042,00036,00000
other short term finances0001,277,0000000000
hp & lease commitments00000000000
other current liabilities0001,602,000375,0001,422,0001,292,000687,000425,000135,717239,812
total current liabilities1,336,0001,758,0004,196,0003,059,000521,0001,641,0001,534,000857,000675,000202,142334,871
loans000291,000710,000000000
hp & lease commitments00000000000
Accruals and Deferred Income00000000000
other liabilities00000000000
provisions00000000000
total long term liabilities000291,000710,000000000
total liabilities1,336,0001,758,0004,196,0003,350,0001,231,0001,641,0001,534,000857,000675,000202,142334,871
net assets3,022,000460,000116,000-841,000255,000-10,000849,000740,000794,000365,853-20,183
total shareholders funds3,022,000460,000116,000-841,000255,000-10,000849,000740,000794,000365,853-20,183
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Mar 2014
Operating Activities
Operating Profit299,000826,000-639,000-1,235,000-21,000-1,153,0001,071,000738,0001,005,000485,311-19,686
Depreciation00000000000
Amortisation00000000000
Tax00034,000-33,000-3,000-197,000-145,000-203,000-96,6920
Stock00000000000
Debtors1,713,000-700,000747,000-86,00072,000-453,0001,075,000-100,000350,412488,58865,017
Creditors-422,000-2,438,0004,134,00018,000-76,00011,000-19,000-86,000147,57566,42595,059
Accruals and Deferred Income00-1,602,0001,227,000-1,047,000130,000605,000262,000289,283135,717239,812
Deferred Taxes & Provisions00000000000
Cash flow from operations-1,836,000-912,0001,146,000130,000-1,249,000-562,000385,000869,000888,446102,173250,168
Investing Activities
capital expenditure00000000000
Change in Investments-58,000320,0001,000364,0001,00008,0000000
cash flow from investments58,000-320,000-1,000-364,000-1,0000-8,0000000
Financing Activities
Bank loans00000000000
Group/Directors Accounts00-118,00016,0003,000-34,00091,0006,00036,00000
Other Short Term Loans 00-1,277,0001,277,0000000000
Long term loans00-291,000-419,000710,000000000
Hire Purchase and Lease Commitments00000000000
other long term liabilities00000000000
share issue-6,875,000-616,0001,000000-35,0000147-20,183100
interest3,000-25,000-99,000-5,000-8,000-9,000-11,000-12,000-9,000-2,583-597
cash flow from financing-6,872,000-641,000-1,784,000869,000705,000-43,00045,000-6,00027,147-22,766-497
cash and cash equivalents
cash485,000-1,714,0001,055,000745,000-218,000-299,000-297,000228,000550,59379,407249,671
overdraft00000000000
change in cash485,000-1,714,0001,055,000745,000-218,000-299,000-297,000228,000550,59379,407249,671

rainmaking innovation limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Rainmaking Innovation Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for rainmaking innovation limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small 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 6 subsidiary companies.

RAINMAKING INNOVATION LIMITED Shareholders

rainmaking uk ventures ltd 84.62%
jordan schlipf 15.38%

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).

officercountryagestartendrole
Mr Carsten KolbekUnited Kingdom53 years Mar 2013- Director
Mr Morten KristensenEngland48 years May 2020- Director
Mr Kasper VardrupEngland43 years Jun 2024- Director
Mr Jordan SchlipfEngland41 years Jun 2024- Director

P&L

December 2023

turnover

3.5m

-32%

operating profit

299k

-64%

gross margin

100%

0%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

3m

+5.57%

total assets

4.4m

+0.96%

cash

615k

+3.73%

net assets

Total assets minus all liabilities

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

12

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

December 2023

previous names

venturescout limited (July 2016)

accountant

-

auditor

-

address

4th. floor silverstream house, 45 fitzroy street, london, W1T 6EB

Bank

-

Legal Advisor

-

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 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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rainmaking innovation limited Companies House Filings - See Documents

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