rift research and development limited
rift research and development limited Company Information
Company Number
08992161
Website
www.riftresearch.comRegistered Address
the cobalt building, 1600 eureka park, ashford, kent, TN25 4BF
Industry
Tax consultancy
Telephone
01233653002
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
rift group ltd 100%
rift research and development limited Estimated Valuation
Pomanda estimates the enterprise value of RIFT RESEARCH AND DEVELOPMENT LIMITED at £920.2k based on a Turnover of £706k and 1.3x industry multiple (adjusted for size and gross margin).
rift research and development limited Estimated Valuation
Pomanda estimates the enterprise value of RIFT RESEARCH AND DEVELOPMENT LIMITED at £1.1m based on an EBITDA of £205.1k and a 5.29x industry multiple (adjusted for size and gross margin).
rift research and development limited Estimated Valuation
Pomanda estimates the enterprise value of RIFT RESEARCH AND DEVELOPMENT LIMITED at £2.3m based on Net Assets of £752.4k and 3.11x industry multiple (adjusted for liquidity).
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Rift Research And Development Limited Overview
Rift Research And Development Limited is a live company located in ashford, TN25 4BF with a Companies House number of 08992161. It operates in the tax consultancy sector, SIC Code 69203. Founded in April 2014, it's largest shareholder is rift group ltd with a 100% stake. Rift Research And Development Limited is a established, small sized company, Pomanda has estimated its turnover at £706k with declining growth in recent years.
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Rift Research And Development Limited Health Check
Pomanda's financial health check has awarded Rift Research And Development Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 1 areas for improvement. Company Health Check FAQs
5 Strong
4 Regular
1 Weak
Size
annual sales of £706k, make it larger than the average company (£377k)
- Rift Research And Development Limited
£377k - Industry AVG
Growth
3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (6.7%)
- Rift Research And Development Limited
6.7% - Industry AVG
Production
with a gross margin of 82.8%, this company has a comparable cost of product (82.8%)
- Rift Research And Development Limited
82.8% - Industry AVG
Profitability
an operating margin of 29% make it more profitable than the average company (6.6%)
- Rift Research And Development Limited
6.6% - Industry AVG
Employees
with 5 employees, this is similar to the industry average (5)
5 - Rift Research And Development Limited
5 - Industry AVG
Pay Structure
on an average salary of £58.3k, the company has an equivalent pay structure (£58.3k)
- Rift Research And Development Limited
£58.3k - Industry AVG
Efficiency
resulting in sales per employee of £141.2k, this is more efficient (£96.7k)
- Rift Research And Development Limited
£96.7k - Industry AVG
Debtor Days
it gets paid by customers after 82 days, this is near the average (73 days)
- Rift Research And Development Limited
73 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Rift Research And Development Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Rift Research And Development Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 133 weeks, this is more cash available to meet short term requirements (20 weeks)
133 weeks - Rift Research And Development Limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 9.6%, this is a lower level of debt than the average (54.9%)
9.6% - Rift Research And Development Limited
54.9% - Industry AVG
RIFT RESEARCH AND DEVELOPMENT LIMITED financials
Rift Research And Development Limited's latest turnover from December 2023 is estimated at £706 thousand and the company has net assets of £752.4 thousand. According to their latest financial statements, Rift Research And Development Limited has 5 employees and maintains cash reserves of £205.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Apr 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 | 5 | 5 | 5 | 5 | 5 | 5 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Apr 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 160,220 | 391,772 | 254,338 | 236,973 | 372,113 | 226,269 | 258,821 | 219,785 | 415,413 | 379,555 |
| Group Debtors | 0 | 0 | 0 | 0 | 49,160 | 0 | 0 | 0 | 4,270 | 0 |
| Misc Debtors | 466,595 | 99,901 | 606,788 | 225,544 | 131,940 | 72,451 | 0 | 0 | 0 | 0 |
| Cash | 205,629 | 377,639 | 154,274 | 844,340 | 715,296 | 492,748 | 176,706 | 286,219 | 29,820 | 4,666 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 832,444 | 869,312 | 1,015,400 | 1,306,857 | 1,268,509 | 791,468 | 435,527 | 506,004 | 449,503 | 384,221 |
| total assets | 832,444 | 869,312 | 1,015,400 | 1,306,857 | 1,268,509 | 791,468 | 435,527 | 506,004 | 449,503 | 384,221 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 380,674 |
| Group/Directors Accounts | 0 | 0 | 0 | 332,106 | 325,150 | 349,445 | 242,261 | 455,158 | 423,529 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 80,018 | 281,611 | 146,869 | 148,154 | 196,742 | 113,551 | 67,229 | 22,728 | 20,525 | 0 |
| total current liabilities | 80,018 | 281,611 | 146,869 | 480,260 | 521,892 | 462,996 | 309,490 | 477,886 | 444,054 | 380,674 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 80,018 | 281,611 | 146,869 | 480,260 | 521,892 | 462,996 | 309,490 | 477,886 | 444,054 | 380,674 |
| net assets | 752,426 | 587,701 | 868,531 | 826,597 | 746,617 | 328,472 | 126,037 | 28,118 | 5,449 | 3,547 |
| total shareholders funds | 752,426 | 587,701 | 868,531 | 826,597 | 746,617 | 328,472 | 126,037 | 28,118 | 5,449 | 3,547 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Apr 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | ||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 135,142 | -369,453 | 398,609 | -90,696 | 254,493 | 39,899 | 39,036 | -199,898 | 419,683 | 379,555 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 380,674 |
| Accruals and Deferred Income | -201,593 | 134,742 | -1,285 | -48,588 | 83,191 | 46,322 | 44,501 | 2,203 | 20,525 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | -332,106 | 6,956 | -24,295 | 107,184 | -212,897 | 31,629 | 423,529 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | ||||||||||
| cash flow from financing | ||||||||||
| cash and cash equivalents | ||||||||||
| cash | -172,010 | 223,365 | -690,066 | 129,044 | 222,548 | 316,042 | -109,513 | 256,399 | 29,820 | 4,666 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -172,010 | 223,365 | -690,066 | 129,044 | 222,548 | 316,042 | -109,513 | 256,399 | 29,820 | 4,666 |
rift research and development limited Credit Report and Business Information
Rift Research And Development Limited Competitor Analysis
Perform a competitor analysis for rift research and development limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in TN25 area or any other competitors across 12 key performance metrics.
rift research and development limited Ownership
RIFT RESEARCH AND DEVELOPMENT LIMITED group structure
Rift Research And Development Limited has no subsidiary companies.
Ultimate parent company
1 parent
RIFT RESEARCH AND DEVELOPMENT LIMITED
08992161
rift research and development limited directors
Rift Research And Development Limited currently has 6 directors. The longest serving directors include Ms Janette Post (Apr 2014) and Mr Kieran Brogan (Apr 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Janette Post | England | 72 years | Apr 2014 | - | Director |
| Mr Kieran Brogan | England | 45 years | Apr 2014 | - | Director |
| Mr Andrew Post | England | 46 years | Apr 2014 | - | Director |
| Miss Jane Doherty | England | 45 years | Apr 2015 | - | Director |
| Mrs Alison Soltani-Davies | 52 years | Jan 2021 | - | Director | |
| Mrs Alison Soltani-Davies | England | 52 years | Jan 2021 | - | Director |
P&L
December 2023turnover
706k
-55%
operating profit
205.1k
0%
gross margin
82.9%
+17.87%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
752.4k
+0.28%
total assets
832.4k
-0.04%
cash
205.6k
-0.46%
net assets
Total assets minus all liabilities
rift research and development limited company details
company number
08992161
Type
Private limited with Share Capital
industry
69203 - Tax consultancy
incorporation date
April 2014
age
10
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
-
address
the cobalt building, 1600 eureka park, ashford, kent, TN25 4BF
Bank
-
Legal Advisor
-
rift research and development 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 rift research and development limited.
rift research and development limited Companies House Filings - See Documents
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