rn accounting services limited

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rn accounting services limited Company Information

Share RN ACCOUNTING SERVICES LIMITED

Company Number

08698945

Shareholders

ishvar nakrani

Group Structure

View All

Industry

Bookkeeping activities

 

Registered Address

suite 109 raydean house, 15 western parade, barnet, herts, EN5 1AH

rn accounting services limited Estimated Valuation

£14.2k

Pomanda estimates the enterprise value of RN ACCOUNTING SERVICES LIMITED at £14.2k based on a Turnover of £34.1k and 0.42x industry multiple (adjusted for size and gross margin).

rn accounting services limited Estimated Valuation

£9.3k

Pomanda estimates the enterprise value of RN ACCOUNTING SERVICES LIMITED at £9.3k based on an EBITDA of £4.7k and a 1.97x industry multiple (adjusted for size and gross margin).

rn accounting services limited Estimated Valuation

£19.3k

Pomanda estimates the enterprise value of RN ACCOUNTING SERVICES LIMITED at £19.3k based on Net Assets of £5.2k and 3.69x industry multiple (adjusted for liquidity).

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Rn Accounting Services Limited Overview

Rn Accounting Services Limited is a live company located in barnet, EN5 1AH with a Companies House number of 08698945. It operates in the bookkeeping activities sector, SIC Code 69202. Founded in September 2013, it's largest shareholder is ishvar nakrani with a 100% stake. Rn Accounting Services Limited is a established, micro sized company, Pomanda has estimated its turnover at £34.1k with rapid growth in recent years.

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Rn Accounting Services Limited Health Check

Pomanda's financial health check has awarded Rn Accounting Services 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 £34.1k, make it smaller than the average company (£81.8k)

£34.1k - Rn Accounting Services Limited

£81.8k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 71%, show it is growing at a faster rate (4.8%)

71% - Rn Accounting Services Limited

4.8% - Industry AVG

production

Production

with a gross margin of 30.3%, this company has a higher cost of product (63.6%)

30.3% - Rn Accounting Services Limited

63.6% - Industry AVG

profitability

Profitability

an operating margin of 13.9% make it more profitable than the average company (5.8%)

13.9% - Rn Accounting Services Limited

5.8% - Industry AVG

employees

Employees

with 2 employees, this is similar to the industry average (2)

2 - Rn Accounting Services Limited

2 - Industry AVG

paystructure

Pay Structure

on an average salary of £16.7k, the company has an equivalent pay structure (£16.7k)

£16.7k - Rn Accounting Services Limited

£16.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £17k, this is less efficient (£54k)

£17k - Rn Accounting Services Limited

£54k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 99 days, this is later than average (68 days)

99 days - Rn Accounting Services Limited

68 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 58 days, this is slower than average (6 days)

58 days - Rn Accounting Services Limited

6 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Rn Accounting Services Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Rn Accounting Services Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 46.5%, this is a lower level of debt than the average (78.3%)

46.5% - Rn Accounting Services Limited

78.3% - Industry AVG

RN ACCOUNTING SERVICES LIMITED financials

EXPORTms excel logo

Rn Accounting Services Limited's latest turnover from February 2024 is estimated at £34.1 thousand and the company has net assets of £5.2 thousand. According to their latest financial statements, Rn Accounting Services Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Feb 2017Feb 2016Feb 2015Feb 2014
Turnover34,08020,99719,4246,7667,9977,9747,7166,9571,72069611,145
Other Income Or Grants00000000000
Cost Of Sales23,75912,41810,0692,7043,3302,2082,5992,9325462824,337
Gross Profit10,3218,5799,3554,0634,6685,7655,1164,0261,1744136,808
Admin Expenses5,5828,4908,4943,0584,7055,8045,1544,0321,1904626,766
Operating Profit4,739898611,005-37-39-38-6-16-4942
Interest Payable00000000000
Interest Receivable001154454412756252
Pre-Tax Profit4,739898721,01071522140-2444
Tax-1,185-17-166-192-1-30-4-80-10
Profit After Tax3,5547270681861221732-2434
Dividends Paid00000000000
Retained Profit3,5547270681861221732-2434
Employee Costs33,40131,57516,14816,15113,66613,02720,52425,64618,13724,44724,649
Number Of Employees22111111111
EBITDA*4,739898811,029-8-3-38-6-16-4942

* Earnings Before Interest, Tax, Depreciation and Amortisation

Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Feb 2017Feb 2016Feb 2015Feb 2014
Tangible Assets4673598910913316200000
Intangible Assets00000000000
Investments & Other00000000000
Debtors (Due After 1 year)00000000000
Total Fixed Assets4673598910913316200000
Stock & work in progress00000000000
Trade Debtors9,2504,6048,8814033903702502753251452,571
Group Debtors00000000000
Misc Debtors6356505050000000
Cash0004,3155,2006,5547,9268,37413,2299,314878
misc current assets0000002,0190690690648
total current assets9,3134,6608,9314,7685,6406,92410,1958,64914,24410,1494,097
total assets9,7805,0199,0204,8775,7737,08610,1958,64914,24410,1494,097
Bank overdraft00000000000
Bank loan00000000000
Trade Creditors 3,8012,5945,1671,0942,7655,8714,7387,60614,1923,1291,053
Group/Directors Accounts00000000000
other short term finances00000000000
hp & lease commitments00000000000
other current liabilities0001,6261,6698825,386974000
total current liabilities3,8012,5945,1672,7204,4346,75310,1248,58014,1923,1291,053
loans00000000000
hp & lease commitments00000000000
Accruals and Deferred Income00000000000
other liabilities7507502,2501,2501,2502500007,0003,000
provisions00000000000
total long term liabilities7507502,2501,2501,2502500007,0003,000
total liabilities4,5513,3447,4173,9705,6847,00310,1248,58014,19210,1294,053
net assets5,2291,6751,60390789837169522044
total shareholders funds5,2291,6751,60390789837169522044
Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Feb 2017Feb 2016Feb 2015Feb 2014
Operating Activities
Operating Profit4,739898611,005-37-39-38-6-16-4942
Depreciation002024293600000
Amortisation00000000000
Tax-1,185-17-166-192-1-30-4-80-10
Stock00000000000
Debtors4,653-4,2718,4781370120-25-50180-2,4262,571
Creditors1,207-2,5734,073-1,671-3,1061,133-2,868-6,58611,0632,0761,053
Accruals and Deferred Income00-1,626-43787-4,5044,412974000
Deferred Taxes & Provisions00000000000
Cash flow from operations1081,770-5,316-890-2,398-3,4971,531-5,57210,8594,453-1,486
Investing Activities
capital expenditure-108-270000-19800000
Change in Investments00000000000
cash flow from investments-108-270000-19800000
Financing Activities
Bank loans00000000000
Group/Directors Accounts00000000000
Other Short Term Loans 00000000000
Long term loans00000000000
Hire Purchase and Lease Commitments00000000000
other long term liabilities0-1,5001,00001,00025000-7,0004,0003,000
share issue00-10000000010
interest001154454412756252
cash flow from financing0-1,5001,00151,0443044127-6,9444,0253,012
cash and cash equivalents
cash00-4,315-885-1,354-1,372-448-4,8553,9158,436878
overdraft00000000000
change in cash00-4,315-885-1,354-1,372-448-4,8553,9158,436878

rn accounting services 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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Rn Accounting Services Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for rn accounting services limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in EN5 area or any other competitors across 12 key performance metrics.

rn accounting services limited Ownership

RN ACCOUNTING SERVICES LIMITED group structure

Rn Accounting Services Limited has no subsidiary companies.

Ultimate parent company

RN ACCOUNTING SERVICES LIMITED

08698945

RN ACCOUNTING SERVICES LIMITED Shareholders

ishvar nakrani 100%

rn accounting services limited directors

Rn Accounting Services Limited currently has 1 director, Mr Ishvar Nakrani serving since Sep 2013.

officercountryagestartendrole
Mr Ishvar NakraniUnited Kingdom44 years Sep 2013- Director

P&L

February 2024

turnover

34.1k

+62%

operating profit

4.7k

0%

gross margin

30.3%

-25.88%

turnover

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

Balance Sheet

February 2024

net assets

5.2k

+2.12%

total assets

9.8k

+0.95%

cash

0

0%

net assets

Total assets minus all liabilities

rn accounting services limited company details

company number

08698945

Type

Private limited with Share Capital

industry

69202 - Bookkeeping activities

incorporation date

September 2013

age

12

incorporated

UK

ultimate parent company

None

accounts

Micro-Entity Accounts

last accounts submitted

February 2024

previous names

N/A

accountant

-

auditor

-

address

suite 109 raydean house, 15 western parade, barnet, herts, EN5 1AH

Bank

-

Legal Advisor

-

rn accounting services 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 rn accounting services limited.

rn accounting services 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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rn accounting services limited Companies House Filings - See Documents

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