rapid bridging limited
rapid bridging limited Company Information
Group Structure
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Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Registered Address
level 30, the leadenhall buildin, 122 leadenhall street, london, EC3V 4AB
Website
www.rapidbridging.comrapid bridging limited Estimated Valuation
Pomanda estimates the enterprise value of RAPID BRIDGING LIMITED at £651.7k based on a Turnover of £504.7k and 1.29x industry multiple (adjusted for size and gross margin).
rapid bridging limited Estimated Valuation
Pomanda estimates the enterprise value of RAPID BRIDGING LIMITED at £12.8k based on an EBITDA of £2.9k and a 4.45x industry multiple (adjusted for size and gross margin).
rapid bridging limited Estimated Valuation
Pomanda estimates the enterprise value of RAPID BRIDGING LIMITED at £57.4k based on Net Assets of £42.8k and 1.34x industry multiple (adjusted for liquidity).
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Rapid Bridging Limited Overview
Rapid Bridging Limited is a live company located in london, EC3V 4AB with a Companies House number of 09568514. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in April 2015, it's largest shareholder is andrew irvin jones with a 100% stake. Rapid Bridging Limited is a established, small sized company, Pomanda has estimated its turnover at £504.7k with declining growth in recent years.
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Rapid Bridging Limited Health Check
Pomanda's financial health check has awarded Rapid Bridging Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 5 areas for improvement. Company Health Check FAQs
0 Strong
5 Regular
5 Weak
Size
annual sales of £504.7k, make it smaller than the average company (£5.6m)
- Rapid Bridging Limited
£5.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (7.5%)
- Rapid Bridging Limited
7.5% - Industry AVG
Production
with a gross margin of 53.7%, this company has a comparable cost of product (53.7%)
- Rapid Bridging Limited
53.7% - Industry AVG
Profitability
an operating margin of 0.4% make it less profitable than the average company (9.1%)
- Rapid Bridging Limited
9.1% - Industry AVG
Employees
with 2 employees, this is below the industry average (12)
2 - Rapid Bridging Limited
12 - Industry AVG
Pay Structure
on an average salary of £82k, the company has an equivalent pay structure (£82k)
- Rapid Bridging Limited
£82k - Industry AVG
Efficiency
resulting in sales per employee of £252.4k, this is equally as efficient (£223k)
- Rapid Bridging Limited
£223k - Industry AVG
Debtor Days
it gets paid by customers after 36 days, this is near the average (32 days)
- Rapid Bridging Limited
32 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Rapid Bridging Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Rapid Bridging Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 17 weeks, this is less cash available to meet short term requirements (29 weeks)
17 weeks - Rapid Bridging Limited
29 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 73.4%, this is a similar level of debt than the average (69.7%)
73.4% - Rapid Bridging Limited
69.7% - Industry AVG
RAPID BRIDGING LIMITED financials
Rapid Bridging Limited's latest turnover from May 2024 is estimated at £504.7 thousand and the company has net assets of £42.8 thousand. According to their latest financial statements, Rapid Bridging Limited has 2 employees and maintains cash reserves of £23 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 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 | 2 | 2 | 2 | 3 | 3 | 2 | 2 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,912 | 3,883 | 5,177 | 6,903 | 7,904 | 5,234 | 5,150 | 3,459 | 4,612 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2,912 | 3,883 | 5,177 | 6,903 | 7,904 | 5,234 | 5,150 | 3,459 | 4,612 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 51,156 | 85,411 | 98,634 | 91,929 | 39,103 | 117,157 | 89,526 | 75,403 | 0 |
| Group Debtors | 83,542 | 32,760 | 21,430 | 23,184 | 9,945 | 0 | 0 | 0 | 0 |
| Misc Debtors | 89 | 18,441 | 8,843 | 500 | 8,900 | 0 | 0 | 0 | 0 |
| Cash | 22,968 | 37,831 | 49,055 | 37,471 | 15,007 | 0 | 0 | 0 | 27,409 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 157,755 | 174,443 | 177,962 | 153,084 | 72,955 | 117,157 | 89,526 | 75,403 | 27,409 |
| total assets | 160,667 | 178,326 | 183,139 | 159,987 | 80,859 | 122,391 | 94,676 | 78,862 | 32,021 |
| Bank overdraft | 34,711 | 50,637 | 37,674 | 15,185 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 28,101 | 41,839 | 48,479 | 11,626 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 32,408 | 38,592 | 46,021 | 33,634 | 25,972 | 0 | 0 | 0 | 0 |
| total current liabilities | 67,119 | 89,229 | 83,695 | 48,819 | 25,972 | 28,101 | 41,839 | 48,479 | 11,626 |
| loans | 50,767 | 39,911 | 56,922 | 72,393 | 40,518 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 1,440 | 2,639 | 1,440 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 50,767 | 39,911 | 56,922 | 72,393 | 40,518 | 1,440 | 2,639 | 1,440 | 0 |
| total liabilities | 117,886 | 129,140 | 140,617 | 121,212 | 66,490 | 29,541 | 44,478 | 49,919 | 11,626 |
| net assets | 42,781 | 49,186 | 42,522 | 38,775 | 14,369 | 92,850 | 50,198 | 28,943 | 20,395 |
| total shareholders funds | 42,781 | 49,186 | 42,522 | 38,775 | 14,369 | 92,850 | 50,198 | 28,943 | 20,395 |
| May 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 971 | 1,294 | 1,726 | 2,300 | 1,537 | ||||
| Amortisation | 0 | 0 | 0 | 0 | 0 | ||||
| Tax | |||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -1,825 | 7,705 | 13,294 | 57,665 | -59,209 | 27,631 | 14,123 | 75,403 | 0 |
| Creditors | 0 | 0 | 0 | 0 | -28,101 | -13,738 | -6,640 | 36,853 | 11,626 |
| Accruals and Deferred Income | -6,184 | -7,429 | 12,387 | 7,662 | 24,532 | -1,199 | 1,199 | 1,440 | 0 |
| Deferred Taxes & Provisions | 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 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 10,856 | -17,011 | -15,471 | 31,875 | 40,518 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | -14,863 | -11,224 | 11,584 | 22,464 | 15,007 | 0 | 0 | -27,409 | 27,409 |
| overdraft | -15,926 | 12,963 | 22,489 | 15,185 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 1,063 | -24,187 | -10,905 | 7,279 | 15,007 | 0 | 0 | -27,409 | 27,409 |
rapid bridging limited Credit Report and Business Information
Rapid Bridging Limited Competitor Analysis
Perform a competitor analysis for rapid bridging limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in EC3V area or any other competitors across 12 key performance metrics.
rapid bridging limited Ownership
RAPID BRIDGING LIMITED group structure
Rapid Bridging Limited has no subsidiary companies.
Ultimate parent company
RAPID BRIDGING LIMITED
09568514
rapid bridging limited directors
Rapid Bridging Limited currently has 1 director, Mr Andrew Jones serving since Apr 2015.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Jones | England | 56 years | Apr 2015 | - | Director |
P&L
May 2024turnover
504.7k
-22%
operating profit
1.9k
0%
gross margin
53.7%
-3.9%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2024net assets
42.8k
-0.13%
total assets
160.7k
-0.1%
cash
23k
-0.39%
net assets
Total assets minus all liabilities
rapid bridging limited company details
company number
09568514
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
April 2015
age
10
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
May 2024
previous names
N/A
accountant
-
auditor
-
address
level 30, the leadenhall buildin, 122 leadenhall street, london, EC3V 4AB
Bank
-
Legal Advisor
-
rapid bridging 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 rapid bridging limited.
rapid bridging 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.
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rapid bridging limited Companies House Filings - See Documents
| date | description | view/download |
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