rad developments ltd
rad developments ltd Company Information
Company Number
08682338
Next Accounts
35 days late
Shareholders
gravesend land holdings ltd
joseph vijayapragash thiaga rajah
Group Structure
View All
Industry
Development of building projects
Registered Address
suite 5 88 lower marsh, london, SE1 7AB
Website
http://josephhomes.co.ukrad developments ltd Estimated Valuation
Pomanda estimates the enterprise value of RAD DEVELOPMENTS LTD at £119.8k based on a Turnover of £368.8k and 0.32x industry multiple (adjusted for size and gross margin).
rad developments ltd Estimated Valuation
Pomanda estimates the enterprise value of RAD DEVELOPMENTS LTD at £0 based on an EBITDA of £-1.2m and a 2.57x industry multiple (adjusted for size and gross margin).
rad developments ltd Estimated Valuation
Pomanda estimates the enterprise value of RAD DEVELOPMENTS LTD at £0 based on Net Assets of £-137.4k and 1.41x industry multiple (adjusted for liquidity).
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Rad Developments Ltd Overview
Rad Developments Ltd is a live company located in london, SE1 7AB with a Companies House number of 08682338. It operates in the development of building projects sector, SIC Code 41100. Founded in September 2013, it's largest shareholder is gravesend land holdings ltd with a 50% stake. Rad Developments Ltd is a established, micro sized company, Pomanda has estimated its turnover at £368.8k with declining growth in recent years.
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Rad Developments Ltd Health Check
Pomanda's financial health check has awarded Rad Developments Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
7 Weak
Size
annual sales of £368.8k, make it smaller than the average company (£2.1m)
- Rad Developments Ltd
£2.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -51%, show it is growing at a slower rate (2.9%)
- Rad Developments Ltd
2.9% - Industry AVG
Production
with a gross margin of 9.7%, this company has a higher cost of product (26.5%)
- Rad Developments Ltd
26.5% - Industry AVG
Profitability
an operating margin of -319.2% make it less profitable than the average company (7.5%)
- Rad Developments Ltd
7.5% - Industry AVG
Employees
with 1 employees, this is below the industry average (6)
- Rad Developments Ltd
6 - Industry AVG
Pay Structure
on an average salary of £46.7k, the company has an equivalent pay structure (£46.7k)
- Rad Developments Ltd
£46.7k - Industry AVG
Efficiency
resulting in sales per employee of £368.8k, this is more efficient (£275.6k)
- Rad Developments Ltd
£275.6k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Rad Developments Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 101 days, this is slower than average (30 days)
- Rad Developments Ltd
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Rad Developments Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (14 weeks)
0 weeks - Rad Developments Ltd
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 381666.7%, this is a higher level of debt than the average (72.4%)
381666.7% - Rad Developments Ltd
72.4% - Industry AVG
RAD DEVELOPMENTS LTD financials
Rad Developments Ltd's latest turnover from May 2023 is estimated at £368.8 thousand and the company has net assets of -£137.4 thousand. According to their latest financial statements, we estimate that Rad Developments Ltd has 1 employee and maintains cash reserves of £36 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | Sep 2016 | Sep 2015 | Sep 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 | ||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | Sep 2016 | Sep 2015 | Sep 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | ||||||||||
| Intangible Assets | ||||||||||
| Investments & Other | ||||||||||
| Debtors (Due After 1 year) | ||||||||||
| Total Fixed Assets | ||||||||||
| Stock & work in progress | 2,273 | 365,409 | 4,604,000 | 10,561,807 | 5,319,840 | 1,881,967 | ||||
| Trade Debtors | 1,180,114 | 1,254,865 | 1,252,334 | 1,245,354 | 1,192,525 | 6,310,303 | 1,019,235 | 500 | ||
| Group Debtors | ||||||||||
| Misc Debtors | ||||||||||
| Cash | 36 | 65 | 538 | 1,525 | 9,949 | 3,215 | ||||
| misc current assets | ||||||||||
| total current assets | 36 | 1,180,179 | 1,255,403 | 1,256,132 | 1,255,303 | 1,561,149 | 10,914,303 | 11,581,042 | 5,320,340 | 1,881,967 |
| total assets | 36 | 1,180,179 | 1,255,403 | 1,256,132 | 1,255,303 | 1,561,149 | 10,914,303 | 11,581,042 | 5,320,340 | 1,881,967 |
| Bank overdraft | ||||||||||
| Bank loan | 1,468,800 | |||||||||
| Trade Creditors | 92,398 | 88,960 | 130,414 | 87,170 | 136,012 | 441,227 | 10,141,381 | 11,594,980 | 5,328,452 | 415,411 |
| Group/Directors Accounts | ||||||||||
| other short term finances | ||||||||||
| hp & lease commitments | ||||||||||
| other current liabilities | ||||||||||
| total current liabilities | 92,398 | 88,960 | 130,414 | 87,170 | 136,012 | 441,227 | 10,141,381 | 11,594,980 | 5,328,452 | 1,884,211 |
| loans | 25,002 | 28,752 | ||||||||
| hp & lease commitments | ||||||||||
| Accruals and Deferred Income | ||||||||||
| other liabilities | 20,000 | 19,688 | 40,400 | 50,000 | ||||||
| provisions | ||||||||||
| total long term liabilities | 45,002 | 48,440 | 40,400 | 50,000 | ||||||
| total liabilities | 137,400 | 137,400 | 170,814 | 137,170 | 136,012 | 441,227 | 10,141,381 | 11,594,980 | 5,328,452 | 1,884,211 |
| net assets | -137,364 | 1,042,779 | 1,084,589 | 1,118,962 | 1,119,291 | 1,119,922 | 772,922 | -13,938 | -8,112 | -2,244 |
| total shareholders funds | -137,364 | 1,042,779 | 1,084,589 | 1,118,962 | 1,119,291 | 1,119,922 | 772,922 | -13,938 | -8,112 | -2,244 |
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | Sep 2016 | Sep 2015 | Sep 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | ||||||||||
| Depreciation | ||||||||||
| Amortisation | ||||||||||
| Tax | ||||||||||
| Stock | -2,273 | 2,273 | -365,409 | -4,238,591 | -5,957,807 | 5,241,967 | 3,437,873 | 1,881,967 | ||
| Debtors | -1,180,114 | -74,751 | 2,531 | 6,980 | 52,829 | -5,117,778 | 5,291,068 | 1,018,735 | 500 | |
| Creditors | 3,438 | -41,454 | 43,244 | -48,842 | -305,215 | -9,700,154 | -1,453,599 | 6,266,528 | 4,913,041 | 415,411 |
| Accruals and Deferred Income | ||||||||||
| Deferred Taxes & Provisions | ||||||||||
| Cash flow from operations | ||||||||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | ||||||||||
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | -1,468,800 | 1,468,800 | ||||||||
| Group/Directors Accounts | ||||||||||
| Other Short Term Loans | ||||||||||
| Long term loans | -3,750 | 28,752 | ||||||||
| Hire Purchase and Lease Commitments | ||||||||||
| other long term liabilities | 312 | -20,712 | -9,600 | 50,000 | ||||||
| share issue | ||||||||||
| interest | ||||||||||
| cash flow from financing | ||||||||||
| cash and cash equivalents | ||||||||||
| cash | -29 | -473 | -987 | -8,424 | 6,734 | 3,215 | ||||
| overdraft | ||||||||||
| change in cash | -29 | -473 | -987 | -8,424 | 6,734 | 3,215 |
rad developments ltd Credit Report and Business Information
Rad Developments Ltd Competitor Analysis
Perform a competitor analysis for rad developments ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in SE1 area or any other competitors across 12 key performance metrics.
rad developments ltd Ownership
RAD DEVELOPMENTS LTD group structure
Rad Developments Ltd has no subsidiary companies.
Ultimate parent company
RAD DEVELOPMENTS LTD
08682338
rad developments ltd directors
Rad Developments Ltd currently has 2 directors. The longest serving directors include Mr Joseph Rajah (Sep 2013) and Mr Joseph Rajah (Sep 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Joseph Rajah | England | 49 years | Sep 2013 | - | Director |
| Mr Joseph Rajah | 49 years | Sep 2013 | - | Director |
P&L
May 2023turnover
368.8k
-88%
operating profit
-1.2m
0%
gross margin
9.7%
-1.69%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
-137.4k
-1.13%
total assets
36
-1%
cash
36
-0.45%
net assets
Total assets minus all liabilities
rad developments ltd company details
company number
08682338
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
September 2013
age
12
incorporated
UK
ultimate parent company
accounts
Audited Abridged
last accounts submitted
May 2023
previous names
N/A
accountant
RAFFINGERS LLP
auditor
-
address
suite 5 88 lower marsh, london, SE1 7AB
Bank
-
Legal Advisor
-
rad developments 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 did not find charges/mortgages relating to rad developments ltd.
rad developments ltd 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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rad developments ltd Companies House Filings - See Documents
| date | description | view/download |
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