rush partners ltd
rush partners ltd Company Information
Company Number
09017981
Website
www.rushpartners.co.ukRegistered Address
10 john street, london, WC1N 2EB
Industry
Data processing, hosting and related activities
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Directors
Sondre Sagstuen10 Years
Shareholders
rush entertainment group ab 100%
rush partners ltd Estimated Valuation
Pomanda estimates the enterprise value of RUSH PARTNERS LTD at £3.1m based on a Turnover of £2.7m and 1.16x industry multiple (adjusted for size and gross margin).
rush partners ltd Estimated Valuation
Pomanda estimates the enterprise value of RUSH PARTNERS LTD at £0 based on an EBITDA of £-1.4m and a 5.78x industry multiple (adjusted for size and gross margin).
rush partners ltd Estimated Valuation
Pomanda estimates the enterprise value of RUSH PARTNERS LTD at £0 based on Net Assets of £-3.5m and 0.73x industry multiple (adjusted for liquidity).
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Rush Partners Ltd Overview
Rush Partners Ltd is a dissolved company that was located in london, WC1N 2EB with a Companies House number of 09017981. It operated in the data processing, hosting and related activities sector, SIC Code 63110. Founded in April 2014, it's largest shareholder was rush entertainment group ab with a 100% stake. The last turnover for Rush Partners Ltd was estimated at £2.7m.
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Rush Partners Ltd Health Check
Pomanda's financial health check has awarded Rush Partners Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
6 Weak
Size
annual sales of £2.7m, make it smaller than the average company (£5.3m)
- Rush Partners Ltd
£5.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -48%, show it is growing at a slower rate (4.1%)
- Rush Partners Ltd
4.1% - Industry AVG
Production
with a gross margin of 59.2%, this company has a comparable cost of product (59.2%)
- Rush Partners Ltd
59.2% - Industry AVG
Profitability
an operating margin of -51.1% make it less profitable than the average company (6.1%)
- Rush Partners Ltd
6.1% - Industry AVG
Employees
with 10 employees, this is below the industry average (34)
10 - Rush Partners Ltd
34 - Industry AVG
Pay Structure
on an average salary of £57.8k, the company has an equivalent pay structure (£57.8k)
- Rush Partners Ltd
£57.8k - Industry AVG
Efficiency
resulting in sales per employee of £268k, this is more efficient (£149.3k)
- Rush Partners Ltd
£149.3k - Industry AVG
Debtor Days
it gets paid by customers after 53 days, this is near the average (51 days)
- Rush Partners Ltd
51 days - Industry AVG
Creditor Days
its suppliers are paid after 442 days, this is slower than average (34 days)
- Rush Partners Ltd
34 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Rush Partners Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (16 weeks)
0 weeks - Rush Partners Ltd
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 751.8%, this is a higher level of debt than the average (58.5%)
751.8% - Rush Partners Ltd
58.5% - Industry AVG
RUSH PARTNERS LTD financials
Rush Partners Ltd's latest turnover from December 2020 is estimated at £2.7 million and the company has net assets of -£3.5 million. According to their latest financial statements, Rush Partners Ltd has 10 employees and maintains cash reserves of £5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Apr 2017 | Apr 2016 | 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 | 10 | 36 | |||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Apr 2017 | Apr 2016 | Apr 2015 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 42,072 | 43,835 | 45,586 | 45,586 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 42,072 | 43,835 | 45,586 | 45,586 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 391,345 | 196,120 | 2,596,694 | 2,596,694 | 24,421 | 600 | 240 |
| Group Debtors | 0 | 621,714 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 103,673 | 348,572 | 0 | 0 | 0 | 0 | 0 |
| Cash | 5,016 | 52,401 | 215,518 | 215,518 | 0 | 10,012 | 903 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 500,034 | 1,218,807 | 2,812,212 | 2,812,212 | 24,421 | 10,612 | 1,143 |
| total assets | 542,106 | 1,262,642 | 2,857,798 | 2,857,798 | 24,421 | 10,612 | 1,143 |
| Bank overdraft | 36,510 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,324,445 | 1,506,581 | 5,515,585 | 5,515,585 | 1,336,285 | 123,119 | 163,105 |
| Group/Directors Accounts | 797,352 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,917,292 | 1,918,671 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 4,075,599 | 3,425,252 | 5,515,585 | 5,515,585 | 1,336,285 | 123,119 | 163,105 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 4,075,599 | 3,425,252 | 5,515,585 | 5,515,585 | 1,336,285 | 123,119 | 163,105 |
| net assets | -3,533,493 | -2,162,610 | -2,657,787 | -2,657,787 | -1,311,864 | -112,507 | -161,962 |
| total shareholders funds | -3,533,493 | -2,162,610 | -2,657,787 | -2,657,787 | -1,311,864 | -112,507 | -161,962 |
| Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Apr 2017 | Apr 2016 | Apr 2015 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 1,763 | 12,372 | 0 | 0 | 0 | ||
| Amortisation | 0 | 0 | 0 | 0 | 0 | ||
| Tax | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -671,388 | -1,430,288 | 0 | 2,596,094 | 23,821 | 360 | 240 |
| Creditors | -182,136 | -4,009,004 | 0 | 5,392,466 | 1,213,166 | -39,986 | 163,105 |
| Accruals and Deferred Income | -1,379 | 1,918,671 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 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 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 797,352 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | -47,385 | -163,117 | 0 | 205,506 | -10,012 | 9,109 | 903 |
| overdraft | 36,510 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -83,895 | -163,117 | 0 | 205,506 | -10,012 | 9,109 | 903 |
rush partners ltd Credit Report and Business Information
Rush Partners Ltd Competitor Analysis
Perform a competitor analysis for rush partners ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other undefined companies, companies in WC1N area or any other competitors across 12 key performance metrics.
rush partners ltd Ownership
RUSH PARTNERS LTD group structure
Rush Partners Ltd has no subsidiary companies.
Ultimate parent company
RUSH PARTNERS LTD
09017981
rush partners ltd directors
Rush Partners Ltd currently has 1 director, Mr Sondre Sagstuen serving since Apr 2014.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Sondre Sagstuen | England | 47 years | Apr 2014 | - | Director |
P&L
December 2020turnover
2.7m
-22%
operating profit
-1.4m
0%
gross margin
59.3%
+1.44%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2020net assets
-3.5m
+0.63%
total assets
542.1k
-0.57%
cash
5k
-0.9%
net assets
Total assets minus all liabilities
rush partners ltd company details
company number
09017981
Type
Private limited with Share Capital
industry
63110 - Data processing, hosting and related activities
incorporation date
April 2014
age
10
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
norske spill ltd (September 2016)
last accounts submitted
December 2020
address
10 john street, london, WC1N 2EB
accountant
OURY CLARK CHARTERED ACCOUNTANTS
auditor
-
rush partners 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 rush partners ltd.
rush partners ltd Companies House Filings - See Documents
| date | description | view/download |
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