rapid bridging limited
rapid bridging limited Company Information
Company Number
09568514
Website
www.rapidbridging.comRegistered Address
level 30, the leadenhall buildin, 122 leadenhall street, london, EC3V 4AB
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Telephone
02081507528
Next Accounts Due
January 2025
Group Structure
View All
Directors
Andrew Jones9 Years
Shareholders
andrew irvin jones 100%
rapid bridging limited Estimated Valuation
Pomanda estimates the enterprise value of RAPID BRIDGING LIMITED at £989.9k based on a Turnover of £674.6k and 1.47x industry multiple (adjusted for size and gross margin).
rapid bridging limited Estimated Valuation
Pomanda estimates the enterprise value of RAPID BRIDGING LIMITED at £104.2k based on an EBITDA of £17.8k and a 5.85x industry multiple (adjusted for size and gross margin).
rapid bridging limited Estimated Valuation
Pomanda estimates the enterprise value of RAPID BRIDGING LIMITED at £100.5k based on Net Assets of £49.2k and 2.04x 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 young, small sized company, Pomanda has estimated its turnover at £674.6k with healthy 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 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
6 Weak
Size
annual sales of £674.6k, make it smaller than the average company (£4.3m)
- Rapid Bridging Limited
£4.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (4%)
- Rapid Bridging Limited
4% - Industry AVG
Production
with a gross margin of 60.2%, this company has a comparable cost of product (60.2%)
- Rapid Bridging Limited
60.2% - Industry AVG
Profitability
an operating margin of 2.5% make it less profitable than the average company (10.8%)
- Rapid Bridging Limited
10.8% - Industry AVG
Employees
with 2 employees, this is below the industry average (13)
2 - Rapid Bridging Limited
13 - Industry AVG
Pay Structure
on an average salary of £73.2k, the company has an equivalent pay structure (£73.2k)
- Rapid Bridging Limited
£73.2k - Industry AVG
Efficiency
resulting in sales per employee of £337.3k, this is more efficient (£206.8k)
- Rapid Bridging Limited
£206.8k - Industry AVG
Debtor Days
it gets paid by customers after 46 days, this is later than average (31 days)
- Rapid Bridging Limited
31 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 22 weeks, this is less cash available to meet short term requirements (38 weeks)
22 weeks - Rapid Bridging Limited
38 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 72.4%, this is a higher level of debt than the average (57.6%)
72.4% - Rapid Bridging Limited
57.6% - Industry AVG
RAPID BRIDGING LIMITED financials
Rapid Bridging Limited's latest turnover from April 2023 is estimated at £674.6 thousand and the company has net assets of £49.2 thousand. According to their latest financial statements, Rapid Bridging Limited has 2 employees and maintains cash reserves of £37.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 3 | 3 | 2 | 2 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 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 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 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 |
| Trade Debtors | 85,411 | 98,634 | 91,929 | 39,103 | 117,157 | 89,526 | 75,403 | 0 |
| Group Debtors | 32,760 | 21,430 | 23,184 | 9,945 | 0 | 0 | 0 | 0 |
| Misc Debtors | 18,441 | 8,843 | 500 | 8,900 | 0 | 0 | 0 | 0 |
| Cash | 37,831 | 49,055 | 37,471 | 15,007 | 0 | 0 | 0 | 27,409 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 174,443 | 177,962 | 153,084 | 72,955 | 117,157 | 89,526 | 75,403 | 27,409 |
| total assets | 178,326 | 183,139 | 159,987 | 80,859 | 122,391 | 94,676 | 78,862 | 32,021 |
| Bank overdraft | 50,637 | 37,674 | 15,185 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 28,101 | 41,839 | 48,479 | 11,626 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 38,592 | 46,021 | 33,634 | 25,972 | 0 | 0 | 0 | 0 |
| total current liabilities | 89,229 | 83,695 | 48,819 | 25,972 | 28,101 | 41,839 | 48,479 | 11,626 |
| loans | 39,911 | 56,922 | 72,393 | 40,518 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 1,440 | 2,639 | 1,440 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 39,911 | 56,922 | 72,393 | 40,518 | 1,440 | 2,639 | 1,440 | 0 |
| total liabilities | 129,140 | 140,617 | 121,212 | 66,490 | 29,541 | 44,478 | 49,919 | 11,626 |
| net assets | 49,186 | 42,522 | 38,775 | 14,369 | 92,850 | 50,198 | 28,943 | 20,395 |
| total shareholders funds | 49,186 | 42,522 | 38,775 | 14,369 | 92,850 | 50,198 | 28,943 | 20,395 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 1,294 | 1,726 | 2,300 | 1,537 | ||||
| Amortisation | 0 | 0 | 0 | 0 | ||||
| Tax | ||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 7,705 | 13,294 | 57,665 | -59,209 | 27,631 | 14,123 | 75,403 | 0 |
| Creditors | 0 | 0 | 0 | -28,101 | -13,738 | -6,640 | 36,853 | 11,626 |
| Accruals and Deferred Income | -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 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -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 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | -11,224 | 11,584 | 22,464 | 15,007 | 0 | 0 | -27,409 | 27,409 |
| overdraft | 12,963 | 22,489 | 15,185 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -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
April 2023turnover
674.6k
-10%
operating profit
16.5k
0%
gross margin
60.2%
-4.92%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
49.2k
+0.16%
total assets
178.3k
-0.03%
cash
37.8k
-0.23%
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
9
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
April 2023
address
level 30, the leadenhall buildin, 122 leadenhall street, london, EC3V 4AB
accountant
-
auditor
-
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 Companies House Filings - See Documents
| date | description | view/download |
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