resource cover ltd
resource cover ltd Company Information
Company Number
09472772
Next Accounts
920 days late
Industry
Other business support service activities n.e.c.
Shareholders
david russell sefton
Group Structure
View All
Contact
Registered Address
139-143 union street, oldham, OL1 1TE
Website
infrastructurenews.co.zaresource cover ltd Estimated Valuation
Pomanda estimates the enterprise value of RESOURCE COVER LTD at £114.3k based on a Turnover of £299.1k and 0.38x industry multiple (adjusted for size and gross margin).
resource cover ltd Estimated Valuation
Pomanda estimates the enterprise value of RESOURCE COVER LTD at £0 based on an EBITDA of £-49.8k and a 2.82x industry multiple (adjusted for size and gross margin).
resource cover ltd Estimated Valuation
Pomanda estimates the enterprise value of RESOURCE COVER LTD at £0 based on Net Assets of £-49.8k and 2.35x industry multiple (adjusted for liquidity).
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Resource Cover Ltd Overview
Resource Cover Ltd is a live company located in oldham, OL1 1TE with a Companies House number of 09472772. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in March 2015, it's largest shareholder is david russell sefton with a 100% stake. Resource Cover Ltd is a young, micro sized company, Pomanda has estimated its turnover at £299.1k with declining growth in recent years.
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Resource Cover Ltd Health Check
Pomanda's financial health check has awarded Resource Cover Ltd a 2 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 £299.1k, make it smaller than the average company (£2.5m)
- Resource Cover Ltd
£2.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -34%, show it is growing at a slower rate (4%)
- Resource Cover Ltd
4% - Industry AVG
Production
with a gross margin of 16.7%, this company has a higher cost of product (37.5%)
- Resource Cover Ltd
37.5% - Industry AVG
Profitability
an operating margin of -16.7% make it less profitable than the average company (5.4%)
- Resource Cover Ltd
5.4% - Industry AVG
Employees
with 1 employees, this is below the industry average (20)
- Resource Cover Ltd
20 - Industry AVG
Pay Structure
on an average salary of £41.9k, the company has an equivalent pay structure (£41.9k)
- Resource Cover Ltd
£41.9k - Industry AVG
Efficiency
resulting in sales per employee of £299.1k, this is more efficient (£132.7k)
- Resource Cover Ltd
£132.7k - Industry AVG
Debtor Days
it gets paid by customers after 72 days, this is later than average (40 days)
- Resource Cover Ltd
40 days - Industry AVG
Creditor Days
its suppliers are paid after 159 days, this is slower than average (33 days)
- Resource Cover Ltd
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Resource Cover Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Resource Cover Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 184.1%, this is a higher level of debt than the average (65.1%)
184.1% - Resource Cover Ltd
65.1% - Industry AVG
RESOURCE COVER LTD financials
Resource Cover Ltd's latest turnover from September 2020 is estimated at £299.1 thousand and the company has net assets of -£49.8 thousand. According to their latest financial statements, we estimate that Resource Cover Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2020 | Sep 2017 | Mar 2016 | |
|---|---|---|---|
| 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 | 24 | 1 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2020 | Sep 2017 | Mar 2016 | |
|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 |
| Trade Debtors | 59,238 | 165,524 | 0 |
| Group Debtors | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 |
| Cash | 0 | 5,019 | 1 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 59,238 | 170,543 | 1 |
| total assets | 59,238 | 170,543 | 1 |
| Bank overdraft | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 109,056 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 0 | 166,799 | 0 |
| total current liabilities | 109,056 | 166,799 | 0 |
| loans | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 |
| total liabilities | 109,056 | 166,799 | 0 |
| net assets | -49,818 | 3,744 | 1 |
| total shareholders funds | -49,818 | 3,744 | 1 |
| Sep 2020 | Sep 2017 | Mar 2016 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 |
| Tax | |||
| Stock | 0 | 0 | 0 |
| Debtors | 59,238 | 165,524 | 0 |
| Creditors | 109,056 | 0 | 0 |
| Accruals and Deferred Income | 0 | 166,799 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 |
| Cash flow from operations | |||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | 0 | 0 | 0 |
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 |
| share issue | |||
| interest | |||
| cash flow from financing | |||
| cash and cash equivalents | |||
| cash | 0 | 5,018 | 1 |
| overdraft | 0 | 0 | 0 |
| change in cash | 0 | 5,018 | 1 |
resource cover ltd Credit Report and Business Information
Resource Cover Ltd Competitor Analysis
Perform a competitor analysis for resource cover ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in OL1 area or any other competitors across 12 key performance metrics.
resource cover ltd Ownership
RESOURCE COVER LTD group structure
Resource Cover Ltd has no subsidiary companies.
Ultimate parent company
RESOURCE COVER LTD
09472772
resource cover ltd directors
Resource Cover Ltd currently has 2 directors. The longest serving directors include Mr Adam Roberts (Dec 2017) and Mr David Sefton (Apr 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Adam Roberts | England | 45 years | Dec 2017 | - | Director |
| Mr David Sefton | England | 53 years | Apr 2020 | - | Director |
P&L
September 2020turnover
299.1k
0%
operating profit
-49.8k
0%
gross margin
16.8%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2020net assets
-49.8k
0%
total assets
59.2k
0%
cash
0
0%
net assets
Total assets minus all liabilities
resource cover ltd company details
company number
09472772
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
March 2015
age
9
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
September 2020
previous names
ravenwood communications limited (September 2016)
accountant
-
auditor
-
address
139-143 union street, oldham, OL1 1TE
Bank
-
Legal Advisor
-
resource cover 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 resource cover ltd.
resource cover 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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resource cover ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
