remington enterprise it ltd

Live (In Liquidation)EstablishedSmallDeclining

remington enterprise it ltd Company Information

Share REMINGTON ENTERPRISE IT LTD

Company Number

08952370

Shareholders

mr timothy peter everest

Group Structure

View All

Industry

Other information technology and computer service activities

 

Registered Address

c/o wsm marks bloom llp, 2nd floor shaw house, guildford, surrey, GU1 3QT

Website

-

remington enterprise it ltd Estimated Valuation

£811k

Pomanda estimates the enterprise value of REMINGTON ENTERPRISE IT LTD at £811k based on a Turnover of £1.5m and 0.55x industry multiple (adjusted for size and gross margin).

remington enterprise it ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of REMINGTON ENTERPRISE IT LTD at £0 based on an EBITDA of £-34.9k and a 3.72x industry multiple (adjusted for size and gross margin).

remington enterprise it ltd Estimated Valuation

£1.6m

Pomanda estimates the enterprise value of REMINGTON ENTERPRISE IT LTD at £1.6m based on Net Assets of £729.8k and 2.25x industry multiple (adjusted for liquidity).

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Remington Enterprise It Ltd Overview

Remington Enterprise It Ltd is a live company located in guildford, GU1 3QT with a Companies House number of 08952370. It operates in the other information technology service activities sector, SIC Code 62090. Founded in March 2014, it's largest shareholder is mr timothy peter everest with a 100% stake. Remington Enterprise It Ltd is a established, small sized company, Pomanda has estimated its turnover at £1.5m with declining growth in recent years.

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Remington Enterprise It Ltd Health Check

Pomanda's financial health check has awarded Remington Enterprise It Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2.5out of 5
positive_score

2 Strong

positive_score

1 Regular

positive_score

7 Weak

size

Size

annual sales of £1.5m, make it smaller than the average company (£6.5m)

£1.5m - Remington Enterprise It Ltd

£6.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (6.4%)

-10% - Remington Enterprise It Ltd

6.4% - Industry AVG

production

Production

with a gross margin of 25.3%, this company has a higher cost of product (49.4%)

25.3% - Remington Enterprise It Ltd

49.4% - Industry AVG

profitability

Profitability

an operating margin of -2.3% make it less profitable than the average company (3.5%)

-2.3% - Remington Enterprise It Ltd

3.5% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (39)

1 - Remington Enterprise It Ltd

39 - Industry AVG

paystructure

Pay Structure

on an average salary of £69.3k, the company has an equivalent pay structure (£69.3k)

£69.3k - Remington Enterprise It Ltd

£69.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £1.5m, this is more efficient (£168.7k)

£1.5m - Remington Enterprise It Ltd

£168.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 182 days, this is later than average (54 days)

182 days - Remington Enterprise It Ltd

54 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 3 days, this is quicker than average (36 days)

3 days - Remington Enterprise It Ltd

36 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Remington Enterprise It Ltd

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Remington Enterprise It Ltd

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 1.8%, this is a lower level of debt than the average (63.5%)

1.8% - Remington Enterprise It Ltd

63.5% - Industry AVG

REMINGTON ENTERPRISE IT LTD financials

EXPORTms excel logo

Remington Enterprise It Ltd's latest turnover from March 2023 is estimated at £1.5 million and the company has net assets of £729.8 thousand. According to their latest financial statements, Remington Enterprise It Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015
Turnover1,485,0581,766,9531,915,5032,025,563933,305455,092631,890130,639124,691
Other Income Or Grants
Cost Of Sales1,109,0721,317,7121,450,5091,547,048699,610333,115454,42492,95387,956
Gross Profit375,986449,241464,995478,515233,695121,977177,46637,68636,735
Admin Expenses410,870489,195175,226228,75058,414149,350120,046-53,939-130,725
Operating Profit-34,884-39,954289,769249,765175,281-27,37357,42091,625167,460
Interest Payable
Interest Receivable3411,121438
Pre-Tax Profit-34,884-39,954289,769249,765175,281-27,37357,76192,746167,897
Tax-55,056-47,455-33,303-11,552-18,549-35,258
Profit After Tax-34,884-39,954234,713202,310141,978-27,37346,20974,197132,639
Dividends Paid
Retained Profit-34,884-39,954234,713202,310141,978-27,37346,20974,197132,639
Employee Costs69,30465,89462,624416,30360,08257,24455,15153,21853,369
Number Of Employees111711111
EBITDA*-34,884-39,954289,769249,765175,281-27,37357,42092,142167,748

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015
Tangible Assets2,5303,0743,9676853141,8503,564747576
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets2,5303,0743,9676853141,8503,564747576
Stock & work in progress
Trade Debtors740,964840,602924,963677,254451,906226,022293,46727,20027,848
Group Debtors
Misc Debtors2,489
Cash273,184175,168
misc current assets
total current assets740,964840,602924,963679,743451,906226,022293,467300,384203,016
total assets743,494843,676928,930680,428452,220227,872297,031301,131203,592
Bank overdraft
Bank loan
Trade Creditors 11,81977,207122,507108,77282,9742,20043,98694,14570,837
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities11,81977,207122,507108,77282,9742,20043,98694,14570,837
loans
hp & lease commitments
Accruals and Deferred Income1,8401,7501,7501,6961,596
other liabilities
provisions149115
total long term liabilities1,8401,7501,7501,6961,596149115
total liabilities13,65978,957124,257110,46884,5702,20043,98694,29470,952
net assets729,835764,719804,673569,960367,650225,672253,045206,837132,640
total shareholders funds729,835764,719804,673569,960367,650225,672253,045206,837132,640
Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015
Operating Activities
Operating Profit-34,884-39,954289,769249,765175,281-27,37357,42091,625167,460
Depreciation517288
Amortisation
Tax-55,056-47,455-33,303-11,552-18,549-35,258
Stock
Debtors-99,638-84,361245,220227,837225,884-67,445266,267-64827,848
Creditors-65,388-45,30013,73525,79880,774-41,786-50,15923,30870,837
Accruals and Deferred Income90541001,596
Deferred Taxes & Provisions-14934115
Cash flow from operations-544-8933,282371-1,536-1,714-270,70797,583175,594
Investing Activities
capital expenditure544893-3,282-3711,5361,714-2,817-688-864
Change in Investments
cash flow from investments544893-3,282-3711,5361,714-2,817-688-864
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue-11
interest3411,121438
cash flow from financing3401,121439
cash and cash equivalents
cash-273,18498,016175,168
overdraft
change in cash-273,18498,016175,168

remington enterprise it ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Remington Enterprise It Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for remington enterprise it ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in GU1 area or any other competitors across 12 key performance metrics.

remington enterprise it ltd Ownership

REMINGTON ENTERPRISE IT LTD group structure

Remington Enterprise It Ltd has no subsidiary companies.

Ultimate parent company

REMINGTON ENTERPRISE IT LTD

08952370

REMINGTON ENTERPRISE IT LTD Shareholders

mr timothy peter everest 100%

remington enterprise it ltd directors

Remington Enterprise It Ltd currently has 1 director, Mr Timothy Everest serving since Mar 2014.

officercountryagestartendrole
Mr Timothy EverestUnited Kingdom56 years Mar 2014- Director

P&L

March 2023

turnover

1.5m

-16%

operating profit

-34.9k

0%

gross margin

25.4%

-0.42%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2023

net assets

729.8k

-0.05%

total assets

743.5k

-0.12%

cash

0

0%

net assets

Total assets minus all liabilities

remington enterprise it ltd company details

company number

08952370

Type

Private limited with Share Capital

industry

62090 - Other information technology and computer service activities

incorporation date

March 2014

age

11

incorporated

UK

ultimate parent company

None

accounts

Micro-Entity Accounts

last accounts submitted

March 2023

previous names

N/A

accountant

HARMER SLATER LIMITED

auditor

-

address

c/o wsm marks bloom llp, 2nd floor shaw house, guildford, surrey, GU1 3QT

Bank

-

Legal Advisor

-

remington enterprise it 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 remington enterprise it ltd.

remington enterprise it ltd 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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remington enterprise it ltd Companies House Filings - See Documents

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