recursion design limited
recursion design limited Company Information
Company Number
08782295
Next Accounts
20 days late
Industry
Architectural activities
Shareholders
bruce fraser davison
elizabeth emelia tweedale
Group Structure
View All
Contact
Registered Address
c/o blue peak consulting limited, arena, 100 berkshire place, gf33, winnersh, RG41 5RD
Website
davisonandpartners.comrecursion design limited Estimated Valuation
Pomanda estimates the enterprise value of RECURSION DESIGN LIMITED at £81.5k based on a Turnover of £140.5k and 0.58x industry multiple (adjusted for size and gross margin).
recursion design limited Estimated Valuation
Pomanda estimates the enterprise value of RECURSION DESIGN LIMITED at £22.1k based on an EBITDA of £4.3k and a 5.14x industry multiple (adjusted for size and gross margin).
recursion design limited Estimated Valuation
Pomanda estimates the enterprise value of RECURSION DESIGN LIMITED at £2.8k based on Net Assets of £750 and 3.74x industry multiple (adjusted for liquidity).
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Recursion Design Limited Overview
Recursion Design Limited is a live company located in winnersh, RG41 5RD with a Companies House number of 08782295. It operates in the architectural activities sector, SIC Code 71111. Founded in November 2013, it's largest shareholder is bruce fraser davison with a 50% stake. Recursion Design Limited is a established, micro sized company, Pomanda has estimated its turnover at £140.5k with high growth in recent years.
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Recursion Design Limited Health Check
Pomanda's financial health check has awarded Recursion Design Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
6 Weak
Size
annual sales of £140.5k, make it smaller than the average company (£611.6k)
- Recursion Design Limited
£611.6k - Industry AVG
Growth
3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (2.3%)
- Recursion Design Limited
2.3% - Industry AVG
Production
with a gross margin of 48.4%, this company has a comparable cost of product (48.4%)
- Recursion Design Limited
48.4% - Industry AVG
Profitability
an operating margin of 0.9% make it less profitable than the average company (9.1%)
- Recursion Design Limited
9.1% - Industry AVG
Employees
with 2 employees, this is below the industry average (9)
2 - Recursion Design Limited
9 - Industry AVG
Pay Structure
on an average salary of £48.4k, the company has an equivalent pay structure (£48.4k)
- Recursion Design Limited
£48.4k - Industry AVG
Efficiency
resulting in sales per employee of £70.2k, this is less efficient (£86.1k)
- Recursion Design Limited
£86.1k - Industry AVG
Debtor Days
it gets paid by customers after 88 days, this is near the average (81 days)
- Recursion Design Limited
81 days - Industry AVG
Creditor Days
its suppliers are paid after 34 days, this is slower than average (27 days)
- Recursion Design Limited
27 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Recursion Design Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (32 weeks)
5 weeks - Recursion Design Limited
32 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 99.7%, this is a higher level of debt than the average (53.6%)
99.7% - Recursion Design Limited
53.6% - Industry AVG
RECURSION DESIGN LIMITED financials
Recursion Design Limited's latest turnover from March 2023 is estimated at £140.5 thousand and the company has net assets of £750. According to their latest financial statements, Recursion Design Limited has 2 employees and maintains cash reserves of £21.7 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 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| 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 | 2 | 2 | 2 | 2 | 2 | 3 | 4 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 4,568 | 2,758 | 5,287 | 3,495 | 5,160 | 7,696 | 11,956 | 10,732 | 12,209 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 177,000 | 177,000 | 177,000 | 177,000 | 177,000 | 150,000 | 50,000 | 50,000 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 181,568 | 179,758 | 182,287 | 180,495 | 182,160 | 157,696 | 61,956 | 60,732 | 12,209 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 34,020 | 0 | 7,185 | 9,585 | 0 | 0 | 5,400 | 4,861 | 20,975 |
| Group Debtors | 0 | 18 | 2,413 | 1,361 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,524 | 3,482 | 4,402 | 2,870 | 2,870 | 12,401 | 93,989 | 79,361 | 0 |
| Cash | 21,730 | 1,032 | 0 | 0 | 0 | 11,695 | 13,986 | 4,712 | 6,549 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 57,274 | 4,532 | 14,000 | 13,816 | 2,870 | 24,096 | 113,375 | 88,934 | 27,524 |
| total assets | 238,842 | 184,290 | 196,287 | 194,311 | 185,030 | 181,792 | 175,331 | 149,666 | 39,733 |
| Bank overdraft | 3,715 | 0 | 7,818 | 4,480 | 5,679 | 2,625 | 2,341 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 6,875 | 6,766 | 18,752 | 13,556 | 10,120 | 5,259 | 2,498 | 895 | 48,803 |
| Group/Directors Accounts | 145,953 | 98,559 | 8,917 | 73,854 | 38,300 | 84,277 | 121,085 | 71,727 | 0 |
| other short term finances | 155 | 0 | 0 | 0 | 0 | 3,838 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 44,785 | 39,823 | 38,618 | 29,553 | 49,647 | 33,893 | 37,893 | 64,718 | 0 |
| total current liabilities | 201,483 | 145,148 | 74,105 | 121,443 | 103,746 | 129,892 | 163,817 | 137,340 | 48,803 |
| loans | 35,741 | 35,741 | 40,000 | 0 | 265 | 3,240 | 5,659 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 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 | 868 | 524 | 1,004 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 36,609 | 36,265 | 41,004 | 0 | 265 | 3,240 | 5,659 | 0 | 0 |
| total liabilities | 238,092 | 181,413 | 115,109 | 121,443 | 104,011 | 133,132 | 169,476 | 137,340 | 48,803 |
| net assets | 750 | 2,877 | 81,178 | 72,868 | 81,019 | 48,660 | 5,855 | 12,326 | -9,070 |
| total shareholders funds | 750 | 2,877 | 81,178 | 72,868 | 81,019 | 48,660 | 5,855 | 12,326 | -9,070 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 3,043 | 2,529 | 3,907 | 3,839 | 4,371 | 5,531 | 5,206 | 3,824 | 2,006 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 32,044 | -10,500 | 184 | 10,946 | -9,531 | -86,988 | 15,167 | 63,247 | 20,975 |
| Creditors | 109 | -11,986 | 5,196 | 3,436 | 4,861 | 2,761 | 1,603 | -47,908 | 48,803 |
| Accruals and Deferred Income | 4,962 | 1,205 | 9,065 | -20,094 | 15,754 | -4,000 | -26,825 | 64,718 | 0 |
| Deferred Taxes & Provisions | 344 | -480 | 1,004 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 27,000 | 100,000 | 0 | 50,000 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 47,394 | 89,642 | -64,937 | 35,554 | -45,977 | -36,808 | 49,358 | 71,727 | 0 |
| Other Short Term Loans | 155 | 0 | 0 | 0 | -3,838 | 3,838 | 0 | 0 | 0 |
| Long term loans | 0 | -4,259 | 40,000 | -265 | -2,975 | -2,419 | 5,659 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | 20,698 | 1,032 | 0 | 0 | -11,695 | -2,291 | 9,274 | -1,837 | 6,549 |
| overdraft | 3,715 | -7,818 | 3,338 | -1,199 | 3,054 | 284 | 2,341 | 0 | 0 |
| change in cash | 16,983 | 8,850 | -3,338 | 1,199 | -14,749 | -2,575 | 6,933 | -1,837 | 6,549 |
recursion design limited Credit Report and Business Information
Recursion Design Limited Competitor Analysis
Perform a competitor analysis for recursion design limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in RG41 area or any other competitors across 12 key performance metrics.
recursion design limited Ownership
RECURSION DESIGN LIMITED group structure
Recursion Design Limited has no subsidiary companies.
Ultimate parent company
RECURSION DESIGN LIMITED
08782295
recursion design limited directors
Recursion Design Limited currently has 2 directors. The longest serving directors include Ms Elizabeth Tweedale (Nov 2013) and Mr Bruce Davison (Mar 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Elizabeth Tweedale | United Kingdom | 40 years | Nov 2013 | - | Director |
| Mr Bruce Davison | United Kingdom | 49 years | Mar 2014 | - | Director |
P&L
March 2023turnover
140.5k
+17%
operating profit
1.3k
0%
gross margin
48.4%
+9.22%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
750
-0.74%
total assets
238.8k
+0.3%
cash
21.7k
+20.06%
net assets
Total assets minus all liabilities
recursion design limited company details
company number
08782295
Type
Private limited with Share Capital
industry
71111 - Architectural activities
incorporation date
November 2013
age
12
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2023
previous names
N/A
accountant
LAS ACCOUNTANTS LLP
auditor
-
address
c/o blue peak consulting limited, arena, 100 berkshire place, gf33, winnersh, RG41 5RD
Bank
-
Legal Advisor
-
recursion design 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 recursion design limited.
recursion design 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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recursion design limited Companies House Filings - See Documents
| date | description | view/download |
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