rapid fitness solutions limited
rapid fitness solutions limited Company Information
Company Number
08623534
Next Accounts
79 days late
Shareholders
rfs management limited
Group Structure
View All
Industry
Retail sale of sporting equipment in specialised stores
+1Registered Address
marlbridge house, the industrial estate,, edenbridge, kent, TN8 6HF
rapid fitness solutions limited Estimated Valuation
Pomanda estimates the enterprise value of RAPID FITNESS SOLUTIONS LIMITED at £226.7k based on a Turnover of £470.2k and 0.48x industry multiple (adjusted for size and gross margin).
rapid fitness solutions limited Estimated Valuation
Pomanda estimates the enterprise value of RAPID FITNESS SOLUTIONS LIMITED at £0 based on an EBITDA of £-7.2k and a 4.34x industry multiple (adjusted for size and gross margin).
rapid fitness solutions limited Estimated Valuation
Pomanda estimates the enterprise value of RAPID FITNESS SOLUTIONS LIMITED at £62.5k based on Net Assets of £23.5k and 2.66x industry multiple (adjusted for liquidity).
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Rapid Fitness Solutions Limited Overview
Rapid Fitness Solutions Limited is a live company located in edenbridge, TN8 6HF with a Companies House number of 08623534. It operates in the repair of other equipment sector, SIC Code 33190. Founded in July 2013, it's largest shareholder is rfs management limited with a 100% stake. Rapid Fitness Solutions Limited is a established, micro sized company, Pomanda has estimated its turnover at £470.2k with high growth in recent years.
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Rapid Fitness Solutions Limited Health Check
Pomanda's financial health check has awarded Rapid Fitness Solutions Limited 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 £470.2k, make it smaller than the average company (£1.7m)
- Rapid Fitness Solutions Limited
£1.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (5.2%)
- Rapid Fitness Solutions Limited
5.2% - Industry AVG
Production
with a gross margin of 33.1%, this company has a comparable cost of product (33.1%)
- Rapid Fitness Solutions Limited
33.1% - Industry AVG
Profitability
an operating margin of -3.2% make it less profitable than the average company (5.3%)
- Rapid Fitness Solutions Limited
5.3% - Industry AVG
Employees
with 5 employees, this is below the industry average (18)
5 - Rapid Fitness Solutions Limited
18 - Industry AVG
Pay Structure
on an average salary of £33.1k, the company has an equivalent pay structure (£33.1k)
- Rapid Fitness Solutions Limited
£33.1k - Industry AVG
Efficiency
resulting in sales per employee of £94k, this is less efficient (£122.7k)
- Rapid Fitness Solutions Limited
£122.7k - Industry AVG
Debtor Days
it gets paid by customers after 53 days, this is later than average (43 days)
- Rapid Fitness Solutions Limited
43 days - Industry AVG
Creditor Days
its suppliers are paid after 51 days, this is slower than average (30 days)
- Rapid Fitness Solutions Limited
30 days - Industry AVG
Stock Days
it holds stock equivalent to 6 days, this is less than average (74 days)
- Rapid Fitness Solutions Limited
74 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 15 weeks, this is less cash available to meet short term requirements (20 weeks)
15 weeks - Rapid Fitness Solutions Limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 80.6%, this is a higher level of debt than the average (64.4%)
80.6% - Rapid Fitness Solutions Limited
64.4% - Industry AVG
RAPID FITNESS SOLUTIONS LIMITED financials
Rapid Fitness Solutions Limited's latest turnover from March 2023 is estimated at £470.2 thousand and the company has net assets of £23.5 thousand. According to their latest financial statements, Rapid Fitness Solutions Limited has 5 employees and maintains cash reserves of £23.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Apr 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 5 | 5 | 4 | 4 | 4 | 3 | 2 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Apr 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 22,197 | 3,859 | 8,994 | 13,670 | 12,657 | 10,571 | 80 | 2,320 | 3,094 | 4,342 |
| Intangible Assets | 10,000 | 32,000 | 58,000 | 82,000 | 106,000 | |||||
| Investments & Other | ||||||||||
| Debtors (Due After 1 year) | ||||||||||
| Total Fixed Assets | 22,197 | 3,859 | 8,994 | 13,670 | 12,657 | 20,571 | 32,080 | 60,320 | 85,094 | 110,342 |
| Stock & work in progress | 5,466 | 4,516 | 4,530 | 10,000 | 3,700 | 730 | 500 | 500 | 500 | 500 |
| Trade Debtors | 68,949 | 93,794 | 81,048 | 51,774 | 44,993 | 20,578 | 8,818 | 17,168 | 21,997 | 21,604 |
| Group Debtors | ||||||||||
| Misc Debtors | 1,127 | 935 | 3,531 | 1,368 | 1,123 | 8,131 | ||||
| Cash | 23,399 | 5,191 | 32,004 | 7,842 | 11,130 | 25,518 | 1,500 | 12,855 | 13,119 | 13,486 |
| misc current assets | ||||||||||
| total current assets | 98,941 | 104,436 | 121,113 | 70,984 | 60,946 | 54,957 | 10,818 | 30,523 | 35,616 | 35,590 |
| total assets | 121,138 | 108,295 | 130,107 | 84,654 | 73,603 | 75,528 | 42,898 | 90,843 | 120,710 | 145,932 |
| Bank overdraft | ||||||||||
| Bank loan | ||||||||||
| Trade Creditors | 44,543 | 29,586 | 14,589 | 3,636 | 163 | 6,483 | 103,859 | 111,154 | ||
| Group/Directors Accounts | 7,272 | 11,272 | 15,980 | 16,195 | 16,057 | 15,796 | ||||
| other short term finances | ||||||||||
| hp & lease commitments | 4,348 | 2,083 | 3,695 | 3,323 | 1,625 | |||||
| other current liabilities | 24,230 | 24,768 | 50,447 | 24,616 | 30,377 | 41,270 | 36,632 | 86,009 | ||
| total current liabilities | 80,393 | 67,709 | 84,711 | 47,770 | 48,222 | 63,549 | 36,632 | 86,009 | 103,859 | 111,154 |
| loans | ||||||||||
| hp & lease commitments | 13,041 | 1,926 | 4,829 | 8,524 | 4,317 | |||||
| Accruals and Deferred Income | ||||||||||
| other liabilities | ||||||||||
| provisions | 4,217 | 733 | 1,528 | 2,377 | 2,136 | |||||
| total long term liabilities | 17,258 | 2,659 | 6,357 | 10,901 | 6,453 | |||||
| total liabilities | 97,651 | 70,368 | 91,068 | 58,671 | 54,675 | 63,549 | 36,632 | 86,009 | 103,859 | 111,154 |
| net assets | 23,487 | 37,927 | 39,039 | 25,983 | 18,928 | 11,979 | 6,266 | 4,834 | 16,851 | 34,778 |
| total shareholders funds | 23,487 | 37,927 | 39,039 | 25,983 | 18,928 | 11,979 | 6,266 | 4,834 | 16,851 | 34,778 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Apr 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | ||||||||||
| Depreciation | 7,885 | 3,815 | 5,469 | 5,206 | 5,209 | 3,102 | 45 | 774 | 1,248 | 1,808 |
| Amortisation | 10,000 | 22,000 | 26,000 | 24,000 | 24,000 | 14,000 | ||||
| Tax | ||||||||||
| Stock | 950 | -14 | -5,470 | 6,300 | 2,970 | 230 | 500 | |||
| Debtors | -24,653 | 10,150 | 31,437 | 7,026 | 17,407 | 19,891 | -8,350 | -4,829 | 393 | 21,604 |
| Creditors | 14,957 | 14,997 | 10,953 | 3,473 | -6,320 | 6,483 | -103,859 | -7,295 | 111,154 | |
| Accruals and Deferred Income | -538 | -25,679 | 25,831 | -5,761 | -10,893 | 4,638 | -49,377 | 86,009 | ||
| Deferred Taxes & Provisions | 3,484 | -795 | -849 | 241 | 2,136 | |||||
| Cash flow from operations | ||||||||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | ||||||||||
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | ||||||||||
| Group/Directors Accounts | -4,000 | -4,708 | -215 | 138 | 261 | 15,796 | ||||
| Other Short Term Loans | ||||||||||
| Long term loans | ||||||||||
| Hire Purchase and Lease Commitments | 13,380 | -4,515 | -3,323 | 5,905 | 5,942 | |||||
| other long term liabilities | ||||||||||
| share issue | ||||||||||
| interest | ||||||||||
| cash flow from financing | ||||||||||
| cash and cash equivalents | ||||||||||
| cash | 18,208 | -26,813 | 24,162 | -3,288 | -14,388 | 24,018 | -11,355 | -264 | -367 | 13,486 |
| overdraft | ||||||||||
| change in cash | 18,208 | -26,813 | 24,162 | -3,288 | -14,388 | 24,018 | -11,355 | -264 | -367 | 13,486 |
rapid fitness solutions limited Credit Report and Business Information
Rapid Fitness Solutions Limited Competitor Analysis
Perform a competitor analysis for rapid fitness solutions limited by selecting its closest rivals, whether from the MANUFACTURING sector, other micro companies, companies in TN8 area or any other competitors across 12 key performance metrics.
rapid fitness solutions limited Ownership
RAPID FITNESS SOLUTIONS LIMITED group structure
Rapid Fitness Solutions Limited has no subsidiary companies.
Ultimate parent company
1 parent
RAPID FITNESS SOLUTIONS LIMITED
08623534
rapid fitness solutions limited directors
Rapid Fitness Solutions Limited currently has 2 directors. The longest serving directors include Mr Rowland Edwards (May 2017) and Mr Martin Edwards (May 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Rowland Edwards | England | 75 years | May 2017 | - | Director |
| Mr Martin Edwards | England | 43 years | May 2017 | - | Director |
P&L
March 2023turnover
470.2k
-11%
operating profit
-15k
0%
gross margin
33.2%
-2.7%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
23.5k
-0.38%
total assets
121.1k
+0.12%
cash
23.4k
+3.51%
net assets
Total assets minus all liabilities
Similar Companies
rapid fitness solutions limited company details
company number
08623534
Type
Private limited with Share Capital
industry
47640 - Retail sale of sporting equipment in specialised stores
33190 - Repair of other equipment
incorporation date
July 2013
age
12
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2023
previous names
N/A
accountant
WBD ACCOUNTANTS LIMITED
auditor
-
address
marlbridge house, the industrial estate,, edenbridge, kent, TN8 6HF
Bank
-
Legal Advisor
-
rapid fitness solutions 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 rapid fitness solutions limited.
rapid fitness solutions 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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rapid fitness solutions limited Companies House Filings - See Documents
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