rightcard payment services limited
rightcard payment services limited Company Information
Company Number
09163262
Next Accounts
143 days late
Shareholders
pomelo technology us inc.
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
b7b st. faiths street, maidstone, kent, ME14 1LH
Website
http://right-card.comrightcard payment services limited Estimated Valuation
Pomanda estimates the enterprise value of RIGHTCARD PAYMENT SERVICES LIMITED at £1.2m based on a Turnover of £876.3k and 1.33x industry multiple (adjusted for size and gross margin).
rightcard payment services limited Estimated Valuation
Pomanda estimates the enterprise value of RIGHTCARD PAYMENT SERVICES LIMITED at £0 based on an EBITDA of £-296.5k and a 4.58x industry multiple (adjusted for size and gross margin).
rightcard payment services limited Estimated Valuation
Pomanda estimates the enterprise value of RIGHTCARD PAYMENT SERVICES LIMITED at £753.1k based on Net Assets of £561.6k and 1.34x industry multiple (adjusted for liquidity).
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Rightcard Payment Services Limited Overview
Rightcard Payment Services Limited is a live company located in kent, ME14 1LH with a Companies House number of 09163262. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in August 2014, it's largest shareholder is pomelo technology us inc. with a 100% stake. Rightcard Payment Services Limited is a established, small sized company, Pomanda has estimated its turnover at £876.3k with low growth in recent years.
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Rightcard Payment Services Limited Health Check
Pomanda's financial health check has awarded Rightcard Payment Services Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
4 Weak
Size
annual sales of £876.3k, make it smaller than the average company (£4.9m)
- Rightcard Payment Services Limited
£4.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (2.9%)
- Rightcard Payment Services Limited
2.9% - Industry AVG
Production
with a gross margin of 55.8%, this company has a comparable cost of product (55.8%)
- Rightcard Payment Services Limited
55.8% - Industry AVG
Profitability
an operating margin of -41.4% make it less profitable than the average company (10.5%)
- Rightcard Payment Services Limited
10.5% - Industry AVG
Employees
with 4 employees, this is below the industry average (14)
4 - Rightcard Payment Services Limited
14 - Industry AVG
Pay Structure
on an average salary of £79.1k, the company has an equivalent pay structure (£79.1k)
- Rightcard Payment Services Limited
£79.1k - Industry AVG
Efficiency
resulting in sales per employee of £219.1k, this is equally as efficient (£219.1k)
- Rightcard Payment Services Limited
£219.1k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Rightcard Payment Services Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Rightcard Payment Services Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Rightcard Payment Services Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 551 weeks, this is more cash available to meet short term requirements (31 weeks)
551 weeks - Rightcard Payment Services Limited
31 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 23.3%, this is a lower level of debt than the average (70.2%)
23.3% - Rightcard Payment Services Limited
70.2% - Industry AVG
RIGHTCARD PAYMENT SERVICES LIMITED financials
Rightcard Payment Services Limited's latest turnover from December 2022 is estimated at £876.3 thousand and the company has net assets of £561.6 thousand. According to their latest financial statements, Rightcard Payment Services Limited has 4 employees and maintains cash reserves of £486.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Aug 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 | 26,284 | 188 | ||||||
| Number Of Employees | 4 | 4 | 4 | 4 | 2 | 3 | 2 | 2 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Aug 2015 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 364 | 975 | 4,619 | 6,977 | 10,799 | 1,995 |
| Intangible Assets | 81,208 | 147,610 | 208,326 | 195,624 | 72,912 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 48,772 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 129,980 | 147,610 | 208,690 | 196,599 | 77,531 | 6,977 | 10,799 | 1,995 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 50,000 | 0 | 0 | 0 | 0 | 0 | 400,000 |
| Misc Debtors | 116,240 | 112,792 | 142,602 | 126,743 | 158,459 | 134,695 | 27,463 | 35,216 |
| Cash | 486,258 | 261,400 | 262,379 | 210,310 | 244,430 | 382,886 | 449,541 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 602,498 | 424,192 | 404,981 | 337,053 | 402,889 | 517,581 | 477,004 | 435,216 |
| total assets | 732,478 | 571,802 | 613,671 | 533,652 | 480,420 | 524,558 | 487,803 | 437,211 |
| Bank overdraft | 0 | 0 | 0 | 8,165 | 0 | 69,984 | 35,403 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 481 | 6,814 | 7,461 | 0 | 2,345 | 0 | 0 | 46,881 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 45,335 | 3,517 | 8,190 | 5,211 | 2,082 | 31,981 | 62,626 | 960 |
| total current liabilities | 45,816 | 10,331 | 15,651 | 13,376 | 4,427 | 101,965 | 98,029 | 47,841 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 125,036 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 125,036 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 170,852 | 10,331 | 15,651 | 13,376 | 4,427 | 101,965 | 98,029 | 47,841 |
| net assets | 561,626 | 561,471 | 598,020 | 520,276 | 475,993 | 422,593 | 389,774 | 389,370 |
| total shareholders funds | 561,626 | 561,471 | 598,020 | 520,276 | 475,993 | 422,593 | 389,774 | 389,370 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Aug 2015 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 0 | 364 | 611 | 3,644 | 4,307 | 3,822 | 665 | |
| Amortisation | 66,402 | 60,716 | 60,714 | 22,636 | 8,101 | 0 | 0 | |
| Tax | ||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 2,220 | 20,190 | 15,859 | -31,716 | 23,764 | 107,232 | -407,753 | 435,216 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 41,818 | -4,673 | 2,979 | 3,129 | -29,899 | -30,645 | 61,666 | 960 |
| Deferred Taxes & Provisions | 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 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -6,333 | -647 | 7,461 | -2,345 | 2,345 | 0 | -46,881 | 46,881 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 125,036 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | 224,858 | -979 | 52,069 | -34,120 | -138,456 | -66,655 | 449,541 | 0 |
| overdraft | 0 | 0 | -8,165 | 8,165 | -69,984 | 34,581 | 35,403 | 0 |
| change in cash | 224,858 | -979 | 60,234 | -42,285 | -68,472 | -101,236 | 414,138 | 0 |
rightcard payment services limited Credit Report and Business Information
Rightcard Payment Services Limited Competitor Analysis
Perform a competitor analysis for rightcard payment services limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in ME14 area or any other competitors across 12 key performance metrics.
rightcard payment services limited Ownership
RIGHTCARD PAYMENT SERVICES LIMITED group structure
Rightcard Payment Services Limited has no subsidiary companies.
Ultimate parent company
LEMONADE TECHNOLOGY INC
#0151256
1 parent
RIGHTCARD PAYMENT SERVICES LIMITED
09163262
rightcard payment services limited directors
Rightcard Payment Services Limited currently has 3 directors. The longest serving directors include Mr Ridwan Olalere (Nov 2022) and Mr Rian Cochran (Nov 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ridwan Olalere | England | 35 years | Nov 2022 | - | Director |
| Mr Rian Cochran | England | 43 years | Nov 2022 | - | Director |
| Mr Semiu Olugbokiki | England | 36 years | Aug 2023 | - | Director |
P&L
December 2022turnover
876.3k
0%
operating profit
-362.9k
0%
gross margin
55.8%
-3.28%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
561.6k
0%
total assets
732.5k
+0.28%
cash
486.3k
+0.86%
net assets
Total assets minus all liabilities
rightcard payment services limited company details
company number
09163262
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
August 2014
age
11
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2022
previous names
N/A
accountant
SLOANE & CO LLP
auditor
-
address
b7b st. faiths street, maidstone, kent, ME14 1LH
Bank
-
Legal Advisor
-
rightcard payment services 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 rightcard payment services limited.
rightcard payment services limited 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.
Click to start generating capital raising & share issue transactions for RIGHTCARD PAYMENT SERVICES LIMITED. This can take several minutes, an email will notify you when this has completed.
rightcard payment services limited Companies House Filings - See Documents
| date | description | view/download |
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