remit asia uk ltd.
remit asia uk ltd. Company Information
Company Number
09057799
Next Accounts
Feb 2025
Shareholders
vedant sarawagi
Group Structure
View All
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Registered Address
office d2a heath end trading est, heath end trading estate, tenlon, nuneaton, warwickshire, CV10 7BZ
Website
uk.remitasia.comremit asia uk ltd. Estimated Valuation
Pomanda estimates the enterprise value of REMIT ASIA UK LTD. at £9.4k based on a Turnover of £10.8k and 0.88x industry multiple (adjusted for size and gross margin).
remit asia uk ltd. Estimated Valuation
Pomanda estimates the enterprise value of REMIT ASIA UK LTD. at £0 based on an EBITDA of £-413 and a 3.09x industry multiple (adjusted for size and gross margin).
remit asia uk ltd. Estimated Valuation
Pomanda estimates the enterprise value of REMIT ASIA UK LTD. at £0 based on Net Assets of £-11.4k and 1.29x industry multiple (adjusted for liquidity).
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Remit Asia Uk Ltd. Overview
Remit Asia Uk Ltd. is a dissolved company that was located in nuneaton, CV10 7BZ with a Companies House number of 09057799. It operated in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in May 2014, it's largest shareholder was vedant sarawagi with a 100% stake. The last turnover for Remit Asia Uk Ltd. was estimated at £10.8k.
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Remit Asia Uk Ltd. Health Check
Pomanda's financial health check has awarded Remit Asia Uk Ltd. a 1.5 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
2 Strong
1 Regular
7 Weak
Size
annual sales of £10.8k, make it smaller than the average company (£4m)
- Remit Asia Uk Ltd.
£4m - Industry AVG
Growth
3 year (CAGR) sales growth of 62%, show it is growing at a faster rate (0.9%)
- Remit Asia Uk Ltd.
0.9% - Industry AVG
Production
with a gross margin of 17.7%, this company has a higher cost of product (58.8%)
- Remit Asia Uk Ltd.
58.8% - Industry AVG
Profitability
an operating margin of -3.8% make it less profitable than the average company (10%)
- Remit Asia Uk Ltd.
10% - Industry AVG
Employees
with 1 employees, this is below the industry average (12)
- Remit Asia Uk Ltd.
12 - Industry AVG
Pay Structure
on an average salary of £68.7k, the company has an equivalent pay structure (£68.7k)
- Remit Asia Uk Ltd.
£68.7k - Industry AVG
Efficiency
resulting in sales per employee of £10.8k, this is less efficient (£191.2k)
- Remit Asia Uk Ltd.
£191.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Remit Asia Uk Ltd.
- - Industry AVG
Creditor Days
its suppliers are paid after 474 days, this is slower than average (44 days)
- Remit Asia Uk Ltd.
44 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Remit Asia Uk Ltd.
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (32 weeks)
0 weeks - Remit Asia Uk Ltd.
32 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 11501%, this is a higher level of debt than the average (68.9%)
11501% - Remit Asia Uk Ltd.
68.9% - Industry AVG
REMIT ASIA UK LTD. financials
Remit Asia Uk Ltd.'s latest turnover from May 2021 is estimated at £10.8 thousand and the company has net assets of -£11.4 thousand. According to their latest financial statements, we estimate that Remit Asia Uk Ltd. has 1 employee and maintains cash reserves of £100 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 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
| May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 100 | 100 | 100 | 100 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 100 | 100 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 100 | 100 | 100 | 100 | 100 | 100 | 0 |
| total assets | 100 | 100 | 100 | 100 | 100 | 100 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 11,501 | 11,088 | 10,675 | 9,762 | 7,159 | 0 | 0 |
| Group/Directors Accounts | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 11,501 | 11,088 | 10,675 | 9,762 | 7,159 | 0 | 0 |
| 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 | 11,501 | 11,088 | 10,675 | 9,762 | 7,159 | 0 | 0 |
| net assets | -11,401 | -10,988 | -10,575 | -9,662 | -7,059 | 100 | 0 |
| total shareholders funds | -11,401 | -10,988 | -10,575 | -9,662 | -7,059 | 100 | 0 |
| May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 0 | -100 | 0 | 0 | 0 | 100 | 0 |
| Creditors | 413 | 413 | 913 | 2,603 | 7,159 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 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 | 0 | 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 | 0 | 100 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 100 | 0 | 0 | 0 | 0 | 0 |
remit asia uk ltd. Credit Report and Business Information
Remit Asia Uk Ltd. Competitor Analysis
Perform a competitor analysis for remit asia uk ltd. by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other undefined companies, companies in CV10 area or any other competitors across 12 key performance metrics.
remit asia uk ltd. Ownership
REMIT ASIA UK LTD. group structure
Remit Asia Uk Ltd. has no subsidiary companies.
Ultimate parent company
REMIT ASIA UK LTD.
09057799
remit asia uk ltd. directors
Remit Asia Uk Ltd. currently has 2 directors. The longest serving directors include Vedant Sarawagi (May 2014) and Mr Hangsingh Subba (Apr 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Vedant Sarawagi | England | 40 years | May 2014 | - | Director |
| Mr Hangsingh Subba | United Kingdom | 38 years | Apr 2016 | - | Director |
P&L
May 2021turnover
10.8k
+9%
operating profit
-413.1
0%
gross margin
17.8%
-7.76%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2021net assets
-11.4k
+0.04%
total assets
100
0%
cash
100
0%
net assets
Total assets minus all liabilities
Similar Companies
remit asia uk ltd. company details
company number
09057799
Type
Private limited with Share Capital
industry
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
incorporation date
May 2014
age
11
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
May 2021
previous names
N/A
accountant
DK ACCOUNTANCY LTD
auditor
-
address
office d2a heath end trading est, heath end trading estate, tenlon, nuneaton, warwickshire, CV10 7BZ
Bank
-
Legal Advisor
-
remit asia uk 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 remit asia uk ltd..
remit asia uk 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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remit asia uk ltd. Companies House Filings - See Documents
| date | description | view/download |
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