rns assets limited
rns assets limited Company Information
Company Number
08819808
Website
-Registered Address
aston house cornwall avenue, london, N3 1LF
Industry
Buying and selling of own real estate
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
shanker bhupendrabhai patel 60%
nilesh rasikbhai patel 20%
View Allrns assets limited Estimated Valuation
Pomanda estimates the enterprise value of RNS ASSETS LIMITED at £938.5k based on a Turnover of £558.5k and 1.68x industry multiple (adjusted for size and gross margin).
rns assets limited Estimated Valuation
Pomanda estimates the enterprise value of RNS ASSETS LIMITED at £244.6k based on an EBITDA of £45.7k and a 5.35x industry multiple (adjusted for size and gross margin).
rns assets limited Estimated Valuation
Pomanda estimates the enterprise value of RNS ASSETS LIMITED at £1m based on Net Assets of £751.9k and 1.39x industry multiple (adjusted for liquidity).
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Rns Assets Limited Overview
Rns Assets Limited is a live company located in london, N3 1LF with a Companies House number of 08819808. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in December 2013, it's largest shareholder is shanker bhupendrabhai patel with a 60% stake. Rns Assets Limited is a established, small sized company, Pomanda has estimated its turnover at £558.5k with declining growth in recent years.
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Rns Assets Limited Health Check
Pomanda's financial health check has awarded Rns Assets Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 6 areas for improvement. Company Health Check FAQs
0 Strong
3 Regular
6 Weak
Size
annual sales of £558.5k, make it smaller than the average company (£954.2k)
- Rns Assets Limited
£954.2k - Industry AVG
Growth
3 year (CAGR) sales growth of -8%, show it is growing at a slower rate (1.6%)
- Rns Assets Limited
1.6% - Industry AVG
Production
with a gross margin of 69.9%, this company has a comparable cost of product (69.9%)
- Rns Assets Limited
69.9% - Industry AVG
Profitability
an operating margin of 8.2% make it less profitable than the average company (43.1%)
- Rns Assets Limited
43.1% - Industry AVG
Employees
with 3 employees, this is below the industry average (4)
3 - Rns Assets Limited
4 - Industry AVG
Pay Structure
on an average salary of £38.5k, the company has an equivalent pay structure (£38.5k)
- Rns Assets Limited
£38.5k - Industry AVG
Efficiency
resulting in sales per employee of £186.2k, this is equally as efficient (£186.2k)
- Rns Assets Limited
£186.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Rns Assets Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Rns Assets Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Rns Assets Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (8 weeks)
6 weeks - Rns Assets Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 85.7%, this is a higher level of debt than the average (63%)
85.7% - Rns Assets Limited
63% - Industry AVG
rns assets limited Credit Report and Business Information
Rns Assets Limited Competitor Analysis
Perform a competitor analysis for rns assets limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
rns assets limited Ownership
RNS ASSETS LIMITED group structure
Rns Assets Limited has no subsidiary companies.
Ultimate parent company
RNS ASSETS LIMITED
08819808
rns assets limited directors
Rns Assets Limited currently has 3 directors. The longest serving directors include Mr Nilesh Patel (Dec 2013) and Mr Rajen Patel (Dec 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Nilesh Patel | 66 years | Dec 2013 | - | Director | |
| Mr Rajen Patel | United Kingdom | 57 years | Dec 2013 | - | Director |
| Mr Shanker Patel | United Kingdom | 53 years | Dec 2013 | - | Director |
RNS ASSETS LIMITED financials
Rns Assets Limited's latest turnover from December 2022 is estimated at £558.5 thousand and the company has net assets of £751.9 thousand. According to their latest financial statements, Rns Assets Limited has 3 employees and maintains cash reserves of £547.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 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 | 3 | 3 | 3 | 3 | 3 | 3 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 1,256,958 | 665,108 | 1,097,436 | 1,141,186 | 1,292,611 | 1,433,355 | 1,711,355 | 1,499,579 | 1,517,725 |
| Debtors (Due After 1 year) | 500,000 | 575,000 | 290,000 | 49,513 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,756,958 | 1,240,108 | 1,387,436 | 1,190,699 | 1,292,611 | 1,433,355 | 1,711,355 | 1,499,579 | 1,517,725 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 484 | 484 | 7,716 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,575,000 | 1,062,442 | 61,278 | 3,010 | 17,431 | 3,811 | 613,599 | 579,055 | 0 |
| Cash | 547,831 | 25,793 | 526,145 | 880,671 | 25,948 | 52,743 | 41,914 | 7,554 | 128,386 |
| misc current assets | 1,361,184 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,484,015 | 1,088,235 | 587,423 | 883,681 | 43,379 | 56,554 | 655,997 | 587,093 | 136,102 |
| total assets | 5,240,973 | 2,328,343 | 1,974,859 | 2,074,380 | 1,335,990 | 1,489,909 | 2,367,352 | 2,086,672 | 1,653,827 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 728 | 0 | 0 | 0 | 3,224 | 500 | 500 | 1,163,094 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 336,200 | 120,000 | 120,000 | 120,000 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 4,032,852 | 1,021,742 | 20,697 | 147,603 | 127,758 | 428,918 | 1,325,171 | 1,555,651 | 0 |
| total current liabilities | 4,369,052 | 1,142,470 | 140,697 | 267,603 | 127,758 | 432,142 | 1,325,671 | 1,556,151 | 1,163,094 |
| loans | 120,000 | 440,000 | 933,495 | 853,495 | 371,455 | 371,455 | 367,456 | 367,456 | 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 | 367,456 |
| provisions | 0 | 0 | 26,295 | 26,295 | 26,295 | 26,295 | 26,295 | 0 | 0 |
| total long term liabilities | 120,000 | 440,000 | 959,790 | 879,790 | 397,750 | 397,750 | 393,751 | 367,456 | 367,456 |
| total liabilities | 4,489,052 | 1,582,470 | 1,100,487 | 1,147,393 | 525,508 | 829,892 | 1,719,422 | 1,923,607 | 1,530,550 |
| net assets | 751,921 | 745,873 | 874,372 | 926,987 | 810,482 | 660,017 | 647,930 | 163,065 | 123,277 |
| total shareholders funds | 751,921 | 745,873 | 874,372 | 926,987 | 810,482 | 660,017 | 647,930 | 163,065 | 123,277 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 437,558 | 1,286,164 | 298,755 | 35,092 | 13,620 | -610,272 | 34,544 | 571,823 | 7,716 |
| Creditors | -728 | 728 | 0 | 0 | -3,224 | 2,724 | 0 | -1,162,594 | 1,163,094 |
| Accruals and Deferred Income | 3,011,110 | 1,001,045 | -126,906 | 19,845 | -301,160 | -896,253 | -230,480 | 1,555,651 | 0 |
| Deferred Taxes & Provisions | 0 | -26,295 | 0 | 0 | 0 | 0 | 26,295 | 0 | 0 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 591,850 | -432,328 | -43,750 | -151,425 | -140,744 | -278,000 | 211,776 | -18,146 | 1,517,725 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 216,200 | 0 | 0 | 120,000 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -320,000 | -493,495 | 80,000 | 482,040 | 0 | 3,999 | 0 | 367,456 | 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 | -367,456 | 367,456 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | 522,038 | -500,352 | -354,526 | 854,723 | -26,795 | 10,829 | 34,360 | -120,832 | 128,386 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 522,038 | -500,352 | -354,526 | 854,723 | -26,795 | 10,829 | 34,360 | -120,832 | 128,386 |
P&L
December 2022turnover
558.5k
+84%
operating profit
45.7k
0%
gross margin
69.9%
-0.74%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
751.9k
+0.01%
total assets
5.2m
+1.25%
cash
547.8k
+20.24%
net assets
Total assets minus all liabilities
Similar Companies
rns assets limited company details
company number
08819808
Type
Private limited with Share Capital
industry
68100 - Buying and selling of own real estate
incorporation date
December 2013
age
11
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
aston house cornwall avenue, london, N3 1LF
last accounts submitted
December 2022
rns assets 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 found 1 charges/mortgages relating to rns assets limited. Currently there are 0 open charges and 1 have been satisfied in the past.
rns assets limited Companies House Filings - See Documents
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