rapid relocate limited
rapid relocate limited Company Information
Company Number
08884830
Website
www.rapidrelocate.comRegistered Address
brine well house tower hill, droitwich spa, worcestershire, WR9 8BY
Industry
Other reservation service and related activities (not including activities of tourist guides)
Telephone
443301114428
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
hotelshopuk ltd 100%
rapid relocate limited Estimated Valuation
Pomanda estimates the enterprise value of RAPID RELOCATE LIMITED at £9.3m based on a Turnover of £9.6m and 0.97x industry multiple (adjusted for size and gross margin).
rapid relocate limited Estimated Valuation
Pomanda estimates the enterprise value of RAPID RELOCATE LIMITED at £1.6m based on an EBITDA of £217.6k and a 7.31x industry multiple (adjusted for size and gross margin).
rapid relocate limited Estimated Valuation
Pomanda estimates the enterprise value of RAPID RELOCATE LIMITED at £593.9k based on Net Assets of £282k and 2.11x industry multiple (adjusted for liquidity).
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Rapid Relocate Limited Overview
Rapid Relocate Limited is a live company located in worcestershire, WR9 8BY with a Companies House number of 08884830. It operates in the other reservation service activities n.e.c. sector, SIC Code 79909. Founded in February 2014, it's largest shareholder is hotelshopuk ltd with a 100% stake. Rapid Relocate Limited is a established, mid sized company, Pomanda has estimated its turnover at £9.6m with rapid growth in recent years.
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Rapid Relocate Limited Health Check
Pomanda's financial health check has awarded Rapid Relocate Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
5 Weak
Size
annual sales of £9.6m, make it larger than the average company (£1.6m)
- Rapid Relocate Limited
£1.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 32%, show it is growing at a faster rate (-2.4%)
- Rapid Relocate Limited
-2.4% - Industry AVG
Production
with a gross margin of 41.5%, this company has a comparable cost of product (41.5%)
- Rapid Relocate Limited
41.5% - Industry AVG
Profitability
an operating margin of 2.2% make it less profitable than the average company (5.3%)
- Rapid Relocate Limited
5.3% - Industry AVG
Employees
with 2 employees, this is below the industry average (14)
2 - Rapid Relocate Limited
14 - Industry AVG
Pay Structure
on an average salary of £32.7k, the company has an equivalent pay structure (£32.7k)
- Rapid Relocate Limited
£32.7k - Industry AVG
Efficiency
resulting in sales per employee of £4.8m, this is more efficient (£97.4k)
- Rapid Relocate Limited
£97.4k - Industry AVG
Debtor Days
it gets paid by customers after 101 days, this is later than average (48 days)
- Rapid Relocate Limited
48 days - Industry AVG
Creditor Days
its suppliers are paid after 66 days, this is slower than average (59 days)
- Rapid Relocate Limited
59 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Rapid Relocate Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 10 weeks, this is less cash available to meet short term requirements (21 weeks)
10 weeks - Rapid Relocate Limited
21 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 91.4%, this is a higher level of debt than the average (69.6%)
91.4% - Rapid Relocate Limited
69.6% - Industry AVG
rapid relocate limited Credit Report and Business Information
Rapid Relocate Limited Competitor Analysis
Perform a competitor analysis for rapid relocate limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
rapid relocate limited Ownership
RAPID RELOCATE LIMITED group structure
Rapid Relocate Limited has no subsidiary companies.
Ultimate parent company
2 parents
RAPID RELOCATE LIMITED
08884830
rapid relocate limited directors
Rapid Relocate Limited currently has 5 directors. The longest serving directors include Miss Rhian Garbett-Edwards (Oct 2014) and Mr Craig Newcombe (Nov 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Miss Rhian Garbett-Edwards | United Kingdom | 67 years | Oct 2014 | - | Director |
| Mr Craig Newcombe | United Kingdom | 48 years | Nov 2019 | - | Director |
| Mr Robert Veale | United Kingdom | 39 years | Nov 2019 | - | Director |
| Ms Diana Evans | United Kingdom | 44 years | Nov 2019 | - | Director |
| Ms Caroline Findlay | United Kingdom | 48 years | Oct 2022 | - | Director |
RAPID RELOCATE LIMITED financials
Rapid Relocate Limited's latest turnover from December 2022 is estimated at £9.6 million and the company has net assets of £282 thousand. According to their latest financial statements, Rapid Relocate Limited has 2 employees and maintains cash reserves of £576.7 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 | Feb 2016 | Feb 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 4,664,465 | 1,557,076 | 649,566 | 136,738 | |||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | |||||
| Cost Of Sales | 4,507,998 | 1,457,278 | 582,552 | 133,930 | |||||
| Gross Profit | 156,467 | 99,798 | 67,014 | 2,808 | |||||
| Admin Expenses | 79,700 | 69,156 | 37,915 | 2,114 | |||||
| Operating Profit | 76,767 | 30,642 | 29,099 | 694 | |||||
| Interest Payable | 1,976 | 2 | 0 | 0 | |||||
| Interest Receivable | 9 | 63 | 61 | 7 | |||||
| Pre-Tax Profit | 74,800 | 30,703 | 29,160 | 701 | |||||
| Tax | -14,434 | -6,141 | -5,832 | -140 | |||||
| Profit After Tax | 60,366 | 24,562 | 23,328 | 561 | |||||
| Dividends Paid | 6,651 | 24,000 | 0 | 0 | |||||
| Retained Profit | 53,715 | 562 | 23,328 | 561 | |||||
| Employee Costs | |||||||||
| Number Of Employees | 2 | 25 | 2 | 2 | 2 | 2 | 1 | ||
| EBITDA* | 76,767 | 30,642 | 29,099 | 694 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Feb 2016 | Feb 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 5,863 | 9,756 | 13,045 | 377 | 506 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 5,863 | 9,756 | 13,045 | 377 | 506 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 2,674,182 | 2,507,560 | 1,044,580 | 869,492 | 783,451 | 496,240 | 388,339 | 159,760 | 71,137 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 14,916 | 2,822 | 4,558 | 2,492 | 7,532 | 11,188 | 6,214 | 1,370 | 1 |
| Cash | 576,663 | 189,818 | 105,293 | 27,126 | 0 | 0 | 16,796 | 38,239 | 16,697 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,265,761 | 2,700,200 | 1,154,431 | 899,110 | 790,983 | 507,428 | 411,349 | 199,369 | 87,835 |
| total assets | 3,271,624 | 2,709,956 | 1,167,476 | 899,487 | 791,489 | 507,428 | 411,349 | 199,369 | 87,835 |
| Bank overdraft | 0 | 0 | 0 | 0 | 58,949 | 90,246 | 0 | 0 | 0 |
| Bank loan | 0 | 14,003 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,031,356 | 1,463,939 | 521,337 | 361,632 | 317,568 | 233,560 | 348,647 | 134,703 | 82,119 |
| Group/Directors Accounts | 1,057,044 | 380,000 | 0 | 0 | 0 | 0 | 23,999 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 901,211 | 664,153 | 429,168 | 337,202 | 276,720 | 105,455 | 14,251 | 40,776 | 5,154 |
| total current liabilities | 2,989,611 | 2,522,095 | 950,505 | 698,834 | 653,237 | 429,261 | 386,897 | 175,479 | 87,273 |
| loans | 0 | 85,997 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 85,997 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 2,989,611 | 2,608,092 | 950,505 | 698,834 | 653,237 | 429,261 | 386,897 | 175,479 | 87,273 |
| net assets | 282,013 | 101,864 | 216,971 | 200,653 | 138,252 | 78,167 | 24,452 | 23,890 | 562 |
| total shareholders funds | 282,013 | 101,864 | 216,971 | 200,653 | 138,252 | 78,167 | 24,452 | 23,890 | 562 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Feb 2016 | Feb 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | 76,767 | 30,642 | 29,099 | 694 | |||||
| Depreciation | 3,894 | 3,808 | 1,957 | 129 | 11 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -14,434 | -6,141 | -5,832 | -140 | |||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 178,716 | 1,461,244 | 177,154 | 81,001 | 283,555 | 112,875 | 323,415 | 89,992 | 71,138 |
| Creditors | -432,583 | 942,602 | 159,705 | 44,064 | 84,008 | -115,087 | 266,528 | 52,584 | 82,119 |
| Accruals and Deferred Income | 237,058 | 234,985 | 91,966 | 60,482 | 171,265 | 91,204 | 9,097 | 35,622 | 5,154 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -74,425 | -23,289 | 21,481 | 16,689 | |||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | -14,003 | 14,003 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 677,044 | 380,000 | 0 | 0 | 0 | -23,999 | 23,999 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -85,997 | 85,997 | 0 | 0 | 0 | 0 | 0 | 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 | -1,967 | 61 | 61 | 7 | |||||
| cash flow from financing | -25,966 | 47,388 | 61 | 8 | |||||
| cash and cash equivalents | |||||||||
| cash | 386,845 | 84,525 | 78,167 | 27,126 | 0 | -16,796 | 99 | 21,542 | 16,697 |
| overdraft | 0 | 0 | 0 | -58,949 | -31,297 | 90,246 | 0 | 0 | 0 |
| change in cash | 386,845 | 84,525 | 78,167 | 86,075 | 31,297 | -107,042 | 99 | 21,542 | 16,697 |
P&L
December 2022turnover
9.6m
+28%
operating profit
213.7k
0%
gross margin
41.5%
-15.72%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
282k
+1.77%
total assets
3.3m
+0.21%
cash
576.7k
+2.04%
net assets
Total assets minus all liabilities
Similar Companies
rapid relocate limited company details
company number
08884830
Type
Private limited with Share Capital
industry
79909 - Other reservation service and related activities (not including activities of tourist guides)
incorporation date
February 2014
age
10
accounts
Small Company
ultimate parent company
previous names
N/A
incorporated
UK
address
brine well house tower hill, droitwich spa, worcestershire, WR9 8BY
last accounts submitted
December 2022
rapid relocate 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 rapid relocate limited.
rapid relocate limited Companies House Filings - See Documents
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