rapide developments ltd
rapide developments ltd Company Information
Company Number
08935891
Next Accounts
Nov 2024
Industry
Development of building projects
Directors
Shareholders
javayne samsa
douglas haigh
Group Structure
View All
Contact
Registered Address
59 union street, dunstable, bedfordshire, LU6 1EX
Website
-rapide developments ltd Estimated Valuation
Pomanda estimates the enterprise value of RAPIDE DEVELOPMENTS LTD at £1.8m based on a Turnover of £4.6m and 0.39x industry multiple (adjusted for size and gross margin).
rapide developments ltd Estimated Valuation
Pomanda estimates the enterprise value of RAPIDE DEVELOPMENTS LTD at £0 based on an EBITDA of £-31.5k and a 2.99x industry multiple (adjusted for size and gross margin).
rapide developments ltd Estimated Valuation
Pomanda estimates the enterprise value of RAPIDE DEVELOPMENTS LTD at £31.6k based on Net Assets of £21.3k and 1.49x industry multiple (adjusted for liquidity).
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Rapide Developments Ltd Overview
Rapide Developments Ltd is a dissolved company that was located in bedfordshire, LU6 1EX with a Companies House number of 08935891. It operated in the development of building projects sector, SIC Code 41100. Founded in March 2014, it's largest shareholder was javayne samsa with a 50% stake. The last turnover for Rapide Developments Ltd was estimated at £4.6m.
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Rapide Developments Ltd Health Check
Pomanda's financial health check has awarded Rapide Developments Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
4 Weak
Size
annual sales of £4.6m, make it larger than the average company (£1.3m)
- Rapide Developments Ltd
£1.3m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Rapide Developments Ltd
- - Industry AVG
Production
with a gross margin of 11.4%, this company has a higher cost of product (30.5%)
- Rapide Developments Ltd
30.5% - Industry AVG
Profitability
an operating margin of -0.7% make it less profitable than the average company (14.3%)
- Rapide Developments Ltd
14.3% - Industry AVG
Employees
with 7 employees, this is similar to the industry average (7)
- Rapide Developments Ltd
7 - Industry AVG
Pay Structure
on an average salary of £41.6k, the company has an equivalent pay structure (£41.6k)
- Rapide Developments Ltd
£41.6k - Industry AVG
Efficiency
resulting in sales per employee of £663.8k, this is more efficient (£265.6k)
- Rapide Developments Ltd
£265.6k - Industry AVG
Debtor Days
it gets paid by customers after 83 days, this is later than average (27 days)
- Rapide Developments Ltd
27 days - Industry AVG
Creditor Days
its suppliers are paid after 92 days, this is slower than average (35 days)
- Rapide Developments Ltd
35 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Rapide Developments Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Rapide Developments Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 98%, this is a higher level of debt than the average (73.5%)
98% - Rapide Developments Ltd
73.5% - Industry AVG
RAPIDE DEVELOPMENTS LTD financials
Rapide Developments Ltd's latest turnover from March 2017 is estimated at £4.6 million and the company has net assets of £21.3 thousand. According to their latest financial statements, we estimate that Rapide Developments Ltd has 7 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|
| Tangible Assets | 7,384 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 |
| Total Fixed Assets | 7,384 | 0 | 0 |
| Stock & work in progress | 0 | 336,641 | 300,000 |
| Trade Debtors | 1,060,548 | 62,819 | 4,425 |
| Group Debtors | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 |
| Cash | 0 | 53,821 | 1,355 |
| misc current assets | 1,169 | 0 | 0 |
| total current assets | 1,061,717 | 453,281 | 305,780 |
| total assets | 1,069,101 | 453,281 | 305,780 |
| Bank overdraft | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 1,046,333 | 400,627 | 142,737 |
| Group/Directors Accounts | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 |
| total current liabilities | 1,046,333 | 400,627 | 142,737 |
| loans | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| Accruals and Deferred Income | 1,505 | 0 | 0 |
| other liabilities | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 |
| total long term liabilities | 1,505 | 0 | 0 |
| total liabilities | 1,047,838 | 400,627 | 142,737 |
| net assets | 21,263 | 52,654 | 163,043 |
| total shareholders funds | 21,263 | 52,654 | 163,043 |
| Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | 0 | 0 | |
| Amortisation | 0 | 0 | |
| Tax | |||
| Stock | -336,641 | 36,641 | 300,000 |
| Debtors | 997,729 | 58,394 | 4,425 |
| Creditors | 645,706 | 257,890 | 142,737 |
| Accruals and Deferred Income | 1,505 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 |
| Cash flow from operations | |||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | 0 | 0 | 0 |
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 |
| share issue | |||
| interest | |||
| cash flow from financing | |||
| cash and cash equivalents | |||
| cash | -53,821 | 52,466 | 1,355 |
| overdraft | 0 | 0 | 0 |
| change in cash | -53,821 | 52,466 | 1,355 |
rapide developments ltd Credit Report and Business Information
Rapide Developments Ltd Competitor Analysis
Perform a competitor analysis for rapide developments ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other undefined companies, companies in LU6 area or any other competitors across 12 key performance metrics.
rapide developments ltd Ownership
RAPIDE DEVELOPMENTS LTD group structure
Rapide Developments Ltd has no subsidiary companies.
Ultimate parent company
RAPIDE DEVELOPMENTS LTD
08935891
rapide developments ltd directors
Rapide Developments Ltd currently has 1 director, Mr Javayne Samsa serving since Mar 2014.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Javayne Samsa | United Kingdom | 53 years | Mar 2014 | - | Director |
P&L
March 2017turnover
4.6m
+568%
operating profit
-31.5k
0%
gross margin
11.4%
+2.32%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2017net assets
21.3k
-0.6%
total assets
1.1m
+1.36%
cash
0
-1%
net assets
Total assets minus all liabilities
rapide developments ltd company details
company number
08935891
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
March 2014
age
10
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
March 2017
previous names
N/A
accountant
-
auditor
-
address
59 union street, dunstable, bedfordshire, LU6 1EX
Bank
-
Legal Advisor
-
rapide developments ltd 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 rapide developments ltd.
rapide developments ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
