rak petroleum limited
rak petroleum limited Company Information
Company Number
08572925
Website
www.rakpetroleum.aeRegistered Address
2nd floor 110 cannon street, london, EC4N 6EU
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Telephone
-
Next Accounts Due
409 days late
Group Structure
View All
Shareholders
undisclosed 100%
rak petroleum limited Estimated Valuation
Pomanda estimates the enterprise value of RAK PETROLEUM LIMITED at £2.6b based on a Turnover of £805.1m and 3.26x industry multiple (adjusted for size and gross margin).
rak petroleum limited Estimated Valuation
Pomanda estimates the enterprise value of RAK PETROLEUM LIMITED at £5.4b based on an EBITDA of £433.5m and a 12.41x industry multiple (adjusted for size and gross margin).
rak petroleum limited Estimated Valuation
Pomanda estimates the enterprise value of RAK PETROLEUM LIMITED at £1.2b based on Net Assets of £639.2m and 1.81x industry multiple (adjusted for liquidity).
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Rak Petroleum Limited Overview
Rak Petroleum Limited is a live company located in london, EC4N 6EU with a Companies House number of 08572925. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in June 2013, it's largest shareholder is undisclosed with a 100% stake. Rak Petroleum Limited is a established, mega sized company, Pomanda has estimated its turnover at £805.1m with healthy growth in recent years.
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Rak Petroleum Limited Health Check
Pomanda's financial health check has awarded Rak Petroleum Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 10 measures and has 1 areas for improvement. Company Health Check FAQs
10 Strong
1 Regular
1 Weak
Size
annual sales of £805.1m, make it larger than the average company (£15.7m)
£805.1m - Rak Petroleum Limited
£15.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a faster rate (3.3%)
6% - Rak Petroleum Limited
3.3% - Industry AVG
Production
with a gross margin of 55.9%, this company has a lower cost of product (34.9%)
55.9% - Rak Petroleum Limited
34.9% - Industry AVG
Profitability
an operating margin of 33.3% make it more profitable than the average company (4.9%)
33.3% - Rak Petroleum Limited
4.9% - Industry AVG
Employees
with 1334 employees, this is above the industry average (103)
1334 - Rak Petroleum Limited
103 - Industry AVG
Pay Structure
on an average salary of £40.8k, the company has an equivalent pay structure (£39.7k)
£40.8k - Rak Petroleum Limited
£39.7k - Industry AVG
Efficiency
resulting in sales per employee of £603.6k, this is more efficient (£160.4k)
£603.6k - Rak Petroleum Limited
£160.4k - Industry AVG
Debtor Days
it gets paid by customers after 125 days, this is later than average (48 days)
125 days - Rak Petroleum Limited
48 days - Industry AVG
Creditor Days
its suppliers are paid after 70 days, this is slower than average (50 days)
70 days - Rak Petroleum Limited
50 days - Industry AVG
Stock Days
it holds stock equivalent to 29 days, this is less than average (44 days)
29 days - Rak Petroleum Limited
44 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 104 weeks, this is more cash available to meet short term requirements (18 weeks)
104 weeks - Rak Petroleum Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 58.9%, this is a lower level of debt than the average (71.2%)
58.9% - Rak Petroleum Limited
71.2% - Industry AVG
RAK PETROLEUM LIMITED financials
Rak Petroleum Limited's latest turnover from December 2021 is £805.1 million and the company has net assets of £639.2 million. According to their latest financial statements, Rak Petroleum Limited has 1,334 employees and maintains cash reserves of £619.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 805,147,943 | 493,063,908 | 695,396,950 | 675,876,121 | 275,015,833 | 152,015,066 | 0 | 0 | 0 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Cost Of Sales | 355,304,306 | 473,097,586 | 387,572,482 | 285,737,571 | 160,069,664 | 96,949,153 | |||
| Gross Profit | 449,843,637 | 19,966,322 | 307,824,468 | 390,138,549 | 114,946,168 | 55,065,913 | |||
| Admin Expenses | 181,541,175 | 273,113,624 | 252,201,302 | 70,904,645 | -178,673,211 | 43,540,489 | |||
| Operating Profit | 268,302,462 | -253,147,302 | 55,623,166 | 319,233,904 | 293,619,379 | 11,525,424 | |||
| Interest Payable | 101,595,702 | 105,444,632 | 96,213,043 | 51,833,741 | 47,340,089 | 44,293,785 | 1,001,394 | 99,206 | 30,757 |
| Interest Receivable | 20,928,554 | 15,957,020 | 6,943,947 | 8,394,458 | 7,995,566 | 13,107,344 | 0 | 0 | 64,077 |
| Pre-Tax Profit | 187,635,314 | -342,634,913 | -33,645,930 | 273,349,633 | 255,620,646 | -19,661,017 | -58,444,857 | -75,881,226 | 10,127,515 |
| Tax | -13,070,323 | 112,100,072 | 86,835,135 | 25,916,870 | 15,832,806 | -1,581,921 | 0 | 0 | 0 |
| Profit After Tax | 174,564,991 | -230,534,841 | 53,189,205 | 299,266,504 | 271,453,452 | -21,242,938 | -58,444,857 | -75,881,226 | 10,127,515 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 84,516,077 | -104,322,027 | 23,265,803 | 131,214,344 | 43,381,887 | -5,499,058 | -58,444,857 | -75,881,226 | 10,127,515 |
| Employee Costs | 54,446,315 | 42,899,527 | 46,460,019 | 37,815,811 | 9,895,503 | 34,274,953 | 1,665,118 | 172,414 | |
| Number Of Employees | 1,334 | 1,264 | 1,325 | 1,079 | 6 | 8 | 9 | 10 | |
| EBITDA* | 433,485,686 | 36,645,016 | 278,831,698 | 531,214,343 | 382,362,254 | 56,798,493 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,163,098,388 | 1,225,322,749 | 1,118,619,801 | 873,920,130 | 761,162,128 | 403,917,137 | 484,870,663 | 467,118,911 | 511,755,735 |
| Intangible Assets | 435,971,454 | 556,250,501 | 646,860,906 | 208,557,457 | 201,472,451 | 353,747,646 | 0 | 0 | 0 |
| Investments & Other | 70,242,963 | 61,582,872 | 61,350,132 | 250,285,248 | 74,572,514 | 77,363,465 | 484,811,028 | 467,051,176 | 511,680,123 |
| Debtors (Due After 1 year) | 39,050,597 | 184,267,500 | 45,600,973 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,575,575,334 | 1,743,565,070 | 1,719,879,733 | 1,082,477,587 | 962,634,578 | 757,664,783 | 484,870,662 | 467,118,910 | 511,755,734 |
| Stock & work in progress | 28,706,599 | 33,597,947 | 20,187,558 | 6,764,466 | 5,858,138 | 43,163,841 | 0 | 0 | 0 |
| Trade Debtors | 276,160,693 | 77,138,962 | 215,548,715 | 148,981,255 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 193,618 | 553,503 | 0 |
| Misc Debtors | 112,100,072 | 114,986,769 | 127,353,425 | 22,249,388 | 22,245,091 | 88,587,570 | 65,055 | 31,472 | 37,805 |
| Cash | 619,196,535 | 402,694,250 | 369,103,013 | 625,916,870 | 357,742,241 | 207,758,945 | 5,282,682 | 5,744,389 | 4,765,474 |
| misc current assets | 0 | 0 | 0 | 23,145,884 | 26,678,277 | 0 | 0 | 0 | 0 |
| total current assets | 1,053,083,153 | 679,015,316 | 850,168,230 | 827,057,865 | 412,523,749 | 339,510,358 | 5,541,357 | 6,329,365 | 4,803,281 |
| total assets | 2,628,658,487 | 2,422,580,386 | 2,570,047,963 | 1,909,535,452 | 1,375,158,327 | 1,097,175,141 | 490,412,019 | 473,448,275 | 516,559,015 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 21,157,063 | 10,262,725 | 0 |
| Trade Creditors | 68,799,615 | 46,828,642 | 45,171,451 | 37,489,813 | 19,711,843 | 1,431,262 | 288,104 | 233,990 | 15,379 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 1,603,720 | 167,370,606 | 21,678,891 | 20,424,319 | 5,423,728 | 0 | 0 | 0 |
| hp & lease commitments | 12,589,206 | 3,047,069 | 2,362,373 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 228,049,071 | 187,715,499 | 237,239,600 | 63,814,178 | 62,143,760 | 28,097,927 | 20,910 | 121,784 | 51,262 |
| total current liabilities | 309,437,896 | 239,194,932 | 452,144,033 | 122,982,885 | 102,279,924 | 34,952,919 | 21,466,078 | 10,618,500 | 66,641 |
| loans | 1,420,736,105 | 1,520,487,530 | 1,221,562,029 | 961,695,190 | 625,870,804 | 591,035,780 | 0 | 0 | 0 |
| hp & lease commitments | 10,023,253 | 11,145,858 | 7,946,166 | 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 | 0 | 0 | 0 |
| provisions | 1,054,125,570 | 992,703,070 | 917,030,566 | 111,165,444 | 72,514,248 | 252,203,388 | 109,974 | 73,890 | 110,214 |
| total long term liabilities | 1,237,430,839 | 1,256,595,300 | 1,069,296,298 | 536,430,318 | 349,192,527 | 421,619,586 | 54,987 | 36,945 | 55,107 |
| total liabilities | 1,546,868,735 | 1,495,790,232 | 1,521,440,331 | 659,413,203 | 451,472,451 | 456,572,505 | 21,521,065 | 10,655,445 | 121,748 |
| net assets | 639,162,858 | 559,057,012 | 594,530,746 | 681,010,595 | 528,103,229 | 471,111,111 | 468,890,954 | 462,792,830 | 516,437,267 |
| total shareholders funds | 639,162,858 | 559,057,012 | 594,530,747 | 681,010,595 | 528,103,230 | 471,111,111 | 468,890,954 | 462,792,830 | 516,437,268 |
| Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | 268,302,462 | -253,147,302 | 55,623,166 | 319,233,904 | 293,619,379 | 11,525,424 | |||
| Depreciation | 162,938,016 | 286,745,249 | 220,774,572 | 204,889,976 | 83,993,034 | 40,903,955 | 17,038 | 18,473 | 20,505 |
| Amortisation | 2,245,208 | 3,047,069 | 2,433,960 | 7,090,464 | 4,749,841 | 4,369,114 | 0 | 0 | 0 |
| Tax | -13,070,323 | 112,100,072 | 86,835,135 | 25,916,870 | 15,832,806 | -1,581,921 | 0 | 0 | 0 |
| Stock | -4,891,348 | 13,410,389 | 13,423,092 | 906,328 | -37,305,703 | 43,163,841 | 0 | 0 | 0 |
| Debtors | 50,918,130 | -12,109,882 | 217,272,470 | 148,985,552 | -66,342,479 | 88,328,896 | -326,301 | 547,170 | 37,805 |
| Creditors | 21,970,973 | 1,657,191 | 7,681,639 | 17,777,970 | 18,280,581 | 1,143,158 | 54,114 | 218,611 | 15,379 |
| Accruals and Deferred Income | 40,333,572 | -49,524,101 | 173,425,422 | 1,670,418 | 34,045,833 | 28,077,017 | -100,874 | 70,522 | 51,262 |
| Deferred Taxes & Provisions | 61,422,500 | 75,672,504 | 805,865,122 | 38,651,196 | -179,689,140 | 252,093,414 | 36,084 | -36,324 | 110,214 |
| Cash flow from operations | 498,115,626 | 175,250,175 | 1,121,943,454 | 465,338,918 | 374,480,516 | 205,037,424 | |||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 8,660,091 | 232,740 | -188,935,116 | 175,712,734 | -2,790,951 | -407,447,563 | 17,759,852 | -44,628,947 | 511,680,123 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | -21,157,063 | 10,894,338 | 10,262,725 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | -1,603,720 | -165,766,886 | 145,691,715 | 1,254,572 | 15,000,591 | 5,423,728 | 0 | 0 | 0 |
| Long term loans | -99,751,425 | 298,925,501 | 259,866,839 | 335,824,386 | 34,835,024 | 591,035,780 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 8,419,532 | 3,884,388 | 10,308,539 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | -80,667,148 | -89,487,612 | -89,269,096 | -43,439,283 | -39,344,523 | -31,186,441 | -1,001,394 | -99,206 | 33,320 |
| cash flow from financing | -178,012,992 | 116,403,684 | 216,852,346 | 315,332,696 | 24,101,324 | 551,835,219 | 74,435,925 | 32,400,307 | 506,343,073 |
| cash and cash equivalents | |||||||||
| cash | 216,502,285 | 33,591,237 | -256,813,857 | 268,174,629 | 149,983,296 | 202,476,263 | -461,707 | 978,915 | 4,765,474 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 1 | 0 |
| change in cash | 216,502,285 | 33,591,237 | -256,813,857 | 268,174,629 | 149,983,296 | 202,476,263 | -461,706 | 978,914 | 4,765,474 |
rak petroleum limited Credit Report and Business Information
Rak Petroleum Limited Competitor Analysis
Perform a competitor analysis for rak petroleum limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in EC4N area or any other competitors across 12 key performance metrics.
rak petroleum limited Ownership
RAK PETROLEUM LIMITED group structure
Rak Petroleum Limited has no subsidiary companies.
Ultimate parent company
RAK PETROLEUM LIMITED
08572925
rak petroleum limited directors
Rak Petroleum Limited currently has 5 directors. The longest serving directors include Mr Bijan Mossavar-Rahmani (Jun 2013) and Mr Amirali Handjani (Jun 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Bijan Mossavar-Rahmani | United Arab Emirates | 72 years | Jun 2013 | - | Director |
| Mr Amirali Handjani | United Arab Emirates | 47 years | Jun 2013 | - | Director |
| Mr Bjorn Dale | Norway | 50 years | Jun 2015 | - | Director |
| Mr Sultan Al Ghurair | United Arab Emirates | 44 years | Jun 2016 | - | Director |
| Mr Nicholas Atencio | 66 years | Jun 2022 | - | Director |
P&L
December 2021turnover
805.1m
+63%
operating profit
268.3m
-206%
gross margin
55.9%
+1279.72%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2021net assets
639.2m
+0.14%
total assets
2.6b
+0.09%
cash
619.2m
+0.54%
net assets
Total assets minus all liabilities
rak petroleum limited company details
company number
08572925
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
June 2013
age
11
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2021
previous names
rak petroleum plc (January 2023)
accountant
-
auditor
ERNST & YOUNG LLP
address
2nd floor 110 cannon street, london, EC4N 6EU
Bank
-
Legal Advisor
-
rak petroleum 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 rak petroleum limited.
rak petroleum limited Companies House Filings - See Documents
| date | description | view/download |
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