Pomanda estimates the enterprise value of GLOBAL RAPID SOURCING LIMITED at £101.7k based on a Turnover of £432.9k and 0.23x industry multiple (adjusted for size and gross margin).
global rapid sourcing limitedEstimated Valuation
£6.3k
Pomanda estimates the enterprise value of GLOBAL RAPID SOURCING LIMITED at £6.3k based on an EBITDA of £2.7k and a 2.32x industry multiple (adjusted for size and gross margin).
global rapid sourcing limitedEstimated Valuation
£58.7k
Pomanda estimates the enterprise value of GLOBAL RAPID SOURCING LIMITED at £58.7k based on Net Assets of £28.7k and 2.04x industry multiple (adjusted for liquidity).
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Global Rapid Sourcing LimitedOverview
Global Rapid Sourcing Limited is a live company located in west midlands, DY2 8BP with a Companies House number of 08774998. It operates in the other retail sale not in stores, stalls or markets sector, SIC Code 47990. Founded in November 2013, it's largest shareholder is
abbas karim
with a 100% stake. Global Rapid Sourcing Limited is a established,
micro sized company, Pomanda has estimated its turnover at
£432.9k with
rapid
growth in recent years.
Pomanda's financial health check has awarded Global Rapid Sourcing Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs
Health Rating1.5out of 5
2 Strong
1 Regular
8 Weak
Size
annual sales of £432.9k, make it smaller than the average company (£1.2m)
£432.9k - Global Rapid Sourcing Limited
£1.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 55%, show it is growing at a faster rate (8.2%)
55% - Global Rapid Sourcing Limited
8.2% - Industry AVG
Production
with a gross margin of 18%, this company has a higher cost of product (31.8%)
18% - Global Rapid Sourcing Limited
31.8% - Industry AVG
Profitability
an operating margin of 0.6% make it less profitable than the average company (4.6%)
0.6% - Global Rapid Sourcing Limited
4.6% - Industry AVG
Employees
with 3 employees, this is below the industry average (10)
3 - Global Rapid Sourcing Limited
10 - Industry AVG
Pay Structure
on an average salary of £35.6k, the company has an equivalent pay structure (£35.6k)
£35.6k - Global Rapid Sourcing Limited
£35.6k - Industry AVG
Efficiency
resulting in sales per employee of £144.3k, this is less efficient (£202.1k)
£144.3k - Global Rapid Sourcing Limited
£202.1k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Global Rapid Sourcing Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 158 days, this is slower than average (39 days)
158 days - Global Rapid Sourcing Limited
39 days - Industry AVG
Stock Days
it holds stock equivalent to 222 days, this is more than average (72 days)
222 days - Global Rapid Sourcing Limited
72 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 3 weeks, this is less cash available to meet short term requirements (23 weeks)
3 weeks - Global Rapid Sourcing Limited
23 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 87.3%, this is a higher level of debt than the average (62.1%)
87.3% - Global Rapid Sourcing Limited
62.1% - Industry AVG
GLOBAL RAPID SOURCING LIMITED financials
EXPORT
Global Rapid Sourcing Limited's latest turnover from November 2023 is estimated at £432.9 thousand and the company has net assets of £28.7 thousand. According to their latest financial statements, Global Rapid Sourcing Limited has 3 employees and maintains cash reserves of £9.2 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Nov 2023
Nov 2022
Nov 2021
Nov 2020
Nov 2019
Nov 2018
Nov 2017
Nov 2016
Nov 2015
Nov 2014
Turnover
432,892
385,116
149,608
115,566
141,430
299,447
127,126
125,422
113,269
25,433
Other Income Or Grants
Cost Of Sales
354,867
315,356
124,350
94,856
109,281
237,556
98,976
97,997
88,644
19,650
Gross Profit
78,025
69,760
25,258
20,709
32,149
61,891
28,150
27,425
24,626
5,783
Admin Expenses
75,321
67,673
21,200
14,033
26,456
58,838
21,213
22,751
19,471
4,363
Operating Profit
2,704
2,087
4,058
6,676
5,693
3,053
6,937
4,674
5,155
1,420
Interest Payable
1,773
3,225
2,064
483
Interest Receivable
550
188
13
20
51
5
4
6
18
8
Pre-Tax Profit
3,255
2,275
4,072
6,695
5,744
3,058
5,168
1,455
3,109
944
Tax
-814
-432
-774
-1,272
-1,091
-581
-982
-291
-622
-198
Profit After Tax
2,441
1,843
3,298
5,423
4,653
2,477
4,186
1,164
2,487
746
Dividends Paid
Retained Profit
2,441
1,843
3,298
5,423
4,653
2,477
4,186
1,164
2,487
746
Employee Costs
106,710
100,116
98,200
90,903
63,977
32,523
57,096
31,368
33,624
31,213
Number Of Employees
3
3
3
3
2
1
2
1
1
1
EBITDA*
2,704
2,087
4,058
6,676
5,693
3,053
6,937
4,674
5,155
1,420
* Earnings Before Interest, Tax, Depreciation and Amortisation
Nov 2023
Nov 2022
Nov 2021
Nov 2020
Nov 2019
Nov 2018
Nov 2017
Nov 2016
Nov 2015
Nov 2014
Tangible Assets
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
Stock & work in progress
216,050
160,872
126,872
74,272
73,422
45,922
88,172
74,265
12,560
Trade Debtors
70,690
2,731
5,281
3,580
73,523
12,410
Group Debtors
Misc Debtors
Cash
9,237
11,725
818
25,406
13,710
1,265
477
4,310
3,063
misc current assets
total current assets
225,287
243,287
130,421
104,959
90,712
73,523
59,597
88,649
78,575
15,623
total assets
225,287
243,287
130,421
104,959
90,712
73,523
59,597
88,649
78,575
15,623
Bank overdraft
Bank loan
Trade Creditors
154,382
169,134
51,718
33,822
74,998
62,463
51,013
29,688
26,701
Group/Directors Accounts
other short term finances
54,563
48,640
14,876
hp & lease commitments
other current liabilities
total current liabilities
154,382
169,134
51,718
33,822
74,998
62,463
51,013
84,251
75,341
14,876
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
42,186
47,875
54,268
50,000
provisions
total long term liabilities
42,186
47,875
54,268
50,000
total liabilities
196,568
217,009
105,986
83,822
74,998
62,463
51,013
84,251
75,341
14,876
net assets
28,719
26,278
24,435
21,137
15,714
11,060
8,584
4,398
3,234
747
total shareholders funds
28,719
26,278
24,435
21,137
15,714
11,060
8,584
4,398
3,234
747
Nov 2023
Nov 2022
Nov 2021
Nov 2020
Nov 2019
Nov 2018
Nov 2017
Nov 2016
Nov 2015
Nov 2014
Operating Activities
Operating Profit
2,704
2,087
4,058
6,676
5,693
3,053
6,937
4,674
5,155
1,420
Depreciation
Amortisation
Tax
-814
-432
-774
-1,272
-1,091
-581
-982
-291
-622
-198
Stock
55,178
34,000
52,600
850
73,422
-45,922
-42,250
13,907
61,705
12,560
Debtors
-70,690
67,959
-2,550
1,701
-69,943
61,113
12,410
Creditors
-14,752
117,416
17,896
-41,176
12,535
11,450
21,325
2,987
26,701
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations
2,650
17,112
-28,870
-38,323
13,658
-1,269
57,120
-6,537
-30,471
-11,338
Investing Activities
capital expenditure
Change in Investments
cash flow from investments
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
-54,563
5,923
33,764
14,876
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
-5,689
-6,393
4,268
50,000
share issue
1
-1
1
interest
550
188
13
20
51
5
-1,769
-3,219
-2,046
-475
cash flow from financing
-5,139
-6,205
4,281
50,020
52
4
-56,332
2,704
31,718
14,402
cash and cash equivalents
cash
-2,488
10,907
-24,588
11,696
13,710
-1,265
788
-3,833
1,247
3,063
overdraft
change in cash
-2,488
10,907
-24,588
11,696
13,710
-1,265
788
-3,833
1,247
3,063
global rapid sourcing limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for global rapid sourcing limited. Get real-time insights into global rapid sourcing limited's credit score, group structure and payment trends.
Perform a competitor analysis for global rapid sourcing limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in DY2 area or any other competitors across 12 key performance metrics.
global rapid sourcing limited Ownership
GLOBAL RAPID SOURCING LIMITED group structure
Global Rapid Sourcing Limited has no subsidiary companies.
Ultimate parent company
GLOBAL RAPID SOURCING LIMITED
08774998
GLOBAL RAPID SOURCING LIMITED Shareholders
The sole shareholder of Global Rapid Sourcing Limited is Abbas Karim.
abbas karim
100%
global rapid sourcing limited directors
Global Rapid Sourcing Limited currently has 1 director, Mr Abbas Karim serving since Nov 2013.
47990 - Other retail sale not in stores, stalls or markets
incorporation date
November 2013
age
12
incorporated
UK
ultimate parent company
None
accounts
Unaudited Abridged
last accounts submitted
November 2023
previous names
naklahwear limited (August 2014)
accountant
-
auditor
-
address
3 lyndale road, dudley, west midlands, DY2 8BP
Bank
-
Legal Advisor
-
global rapid sourcing 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 global rapid sourcing limited.
global rapid sourcing limited Capital Raised & Share Issues BETA
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global rapid sourcing limitedCompanies House Filings - See Documents
