rg engagement group limited
rg engagement group limited Company Information
Company Number
09704342
Next Accounts
Jan 2025
Shareholders
rg investment holdings lp
wesley holding gmbh
View AllGroup Structure
View All
Industry
Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.
Registered Address
265 tottenham court road, london, W1T 7RQ
Website
-rg engagement group limited Estimated Valuation
Pomanda estimates the enterprise value of RG ENGAGEMENT GROUP LIMITED at £77.4m based on a Turnover of £253.5m and 0.31x industry multiple (adjusted for size and gross margin).
rg engagement group limited Estimated Valuation
Pomanda estimates the enterprise value of RG ENGAGEMENT GROUP LIMITED at £78.1m based on an EBITDA of £16m and a 4.89x industry multiple (adjusted for size and gross margin).
rg engagement group limited Estimated Valuation
Pomanda estimates the enterprise value of RG ENGAGEMENT GROUP LIMITED at £0 based on Net Assets of £-77.4m and 1.58x industry multiple (adjusted for liquidity).
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Rg Engagement Group Limited Overview
Rg Engagement Group Limited is a dissolved company that was located in london, W1T 7RQ with a Companies House number of 09704342. It operated in the other activities of employment placement agencies sector, SIC Code 78109. Founded in July 2015, it's largest shareholder was rg investment holdings lp with a 12.6% stake. The last turnover for Rg Engagement Group Limited was estimated at £253.5m.
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Rg Engagement Group Limited Health Check
Pomanda's financial health check has awarded Rg Engagement Group Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs
7 Strong
2 Regular
3 Weak
Size
annual sales of £253.5m, make it larger than the average company (£5.1m)
£253.5m - Rg Engagement Group Limited
£5.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (-2.1%)
15% - Rg Engagement Group Limited
-2.1% - Industry AVG
Production
with a gross margin of 17.3%, this company has a higher cost of product (23.5%)
17.3% - Rg Engagement Group Limited
23.5% - Industry AVG
Profitability
an operating margin of 2.5% make it as profitable than the average company (2.8%)
2.5% - Rg Engagement Group Limited
2.8% - Industry AVG
Employees
with 435 employees, this is above the industry average (34)
435 - Rg Engagement Group Limited
34 - Industry AVG
Pay Structure
on an average salary of £42.9k, the company has an equivalent pay structure (£42.5k)
£42.9k - Rg Engagement Group Limited
£42.5k - Industry AVG
Efficiency
resulting in sales per employee of £582.8k, this is more efficient (£151.8k)
£582.8k - Rg Engagement Group Limited
£151.8k - Industry AVG
Debtor Days
it gets paid by customers after 23 days, this is earlier than average (43 days)
23 days - Rg Engagement Group Limited
43 days - Industry AVG
Creditor Days
its suppliers are paid after 86 days, this is slower than average (10 days)
86 days - Rg Engagement Group Limited
10 days - Industry AVG
Stock Days
it holds stock equivalent to 2 days, this is less than average (3 days)
2 days - Rg Engagement Group Limited
3 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (18 weeks)
7 weeks - Rg Engagement Group Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 138.9%, this is a higher level of debt than the average (69.4%)
138.9% - Rg Engagement Group Limited
69.4% - Industry AVG
RG ENGAGEMENT GROUP LIMITED financials
Rg Engagement Group Limited's latest turnover from June 2021 is £253.5 million and the company has net assets of -£77.4 million. According to their latest financial statements, Rg Engagement Group Limited has 435 employees and maintains cash reserves of £29.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | |
|---|---|---|---|---|---|---|
| Turnover | 253,497,118 | 259,934,274 | 210,685,394 | 167,266,123 | 24,820,835 | 19,650,665 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 209,674,973 | 220,939,503 | 175,377,008 | 138,109,532 | 1,950,833 | 1,195,876 |
| Gross Profit | 43,822,145 | 38,994,771 | 35,308,386 | 29,156,591 | 22,870,002 | 18,454,789 |
| Admin Expenses | 37,557,523 | 35,558,280 | 37,175,141 | 29,516,939 | 24,185,037 | 27,109,073 |
| Operating Profit | 6,264,622 | 3,436,491 | -1,866,755 | -360,348 | -1,315,035 | -8,654,284 |
| Interest Payable | 14,351,293 | 14,029,407 | 13,563,868 | 16,842,951 | 12,624,901 | 10,850,876 |
| Interest Receivable | 11,145 | 25,188 | 6,498 | 2,766 | 3,066 | 4,293 |
| Pre-Tax Profit | -8,075,526 | -10,567,728 | -15,424,125 | -17,200,533 | -13,936,870 | -19,500,867 |
| Tax | -2,177,163 | -986,935 | -1,460,982 | 102,722 | 1,192,664 | 329,204 |
| Profit After Tax | -10,252,689 | -11,554,663 | -16,885,107 | -17,097,811 | -12,744,206 | -19,171,663 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -10,252,689 | -11,554,663 | -16,885,107 | -17,097,811 | -12,744,206 | -19,171,663 |
| Employee Costs | 18,659,045 | 18,327,216 | 16,564,624 | 11,602,978 | 13,278,339 | 7,906,688 |
| Number Of Employees | 435 | 414 | 416 | 380 | 347 | 326 |
| EBITDA* | 15,969,482 | 13,079,614 | 7,549,384 | 7,488,058 | 6,087,840 | -3,026,815 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 4,008,366 | 6,570,698 | 5,601,737 | 2,920,740 | 1,814,808 | 1,850,816 |
| Intangible Assets | 141,229,445 | 146,257,129 | 151,180,179 | 149,833,108 | 154,612,343 | 158,068,110 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 279,057 | 668,622 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 144,958,754 | 152,159,205 | 156,781,916 | 152,753,848 | 156,427,151 | 159,918,926 |
| Stock & work in progress | 1,155,654 | 1,636,532 | 4,167,707 | 2,207,397 | 1,913,745 | 1,278,904 |
| Trade Debtors | 16,379,728 | 22,476,347 | 13,835,765 | 11,519,297 | 11,774,084 | 10,933,428 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 7,263,134 | 0 | 4,263,989 | 6,051,123 | 4,330,059 | 2,293,261 |
| Cash | 29,483,858 | 25,330,995 | 11,521,996 | 11,162,648 | 8,091,487 | 7,847,743 |
| misc current assets | 0 | 0 | 0 | 0 | 430,048 | 0 |
| total current assets | 54,282,374 | 49,443,874 | 33,789,457 | 30,940,465 | 26,539,423 | 22,353,336 |
| total assets | 199,241,128 | 201,603,079 | 190,571,373 | 183,694,313 | 182,966,574 | 182,272,262 |
| Bank overdraft | 0 | 0 | 0 | 0 | 1,520,603 | 3,625,000 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 49,812,198 | 55,908,055 | 40,172,862 | 33,195,075 | 31,879,072 | 24,841,161 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 129,927,460 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 783,886 | 771,677 | 513,396 | 0 | 0 | 0 |
| other current liabilities | 21,593,304 | 13,607,663 | 21,588,900 | 18,895,671 | 13,645,349 | 12,947,342 |
| total current liabilities | 202,116,848 | 70,287,395 | 62,275,158 | 52,090,746 | 47,045,024 | 41,413,503 |
| loans | 133,972,556 | 385,072,092 | 356,894,932 | 128,001,944 | 215,253,977 | 207,368,178 |
| hp & lease commitments | 2,281,928 | 2,987,885 | 2,967,269 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 103,140,608 | 0 | 0 |
| provisions | 15,069,028 | 17,163,026 | 19,002,568 | 19,252,372 | 20,067,082 | 22,844,722 |
| total long term liabilities | 74,520,792 | 201,117,559 | 187,948,750 | 176,767,766 | 165,410,808 | 159,319,671 |
| total liabilities | 276,637,640 | 271,404,954 | 250,223,908 | 228,858,512 | 212,455,832 | 200,733,174 |
| net assets | -77,396,512 | -69,801,875 | -59,652,535 | -45,164,199 | -29,489,258 | -18,460,912 |
| total shareholders funds | -77,396,512 | -69,801,875 | -59,652,535 | -45,164,199 | -29,489,258 | -18,460,912 |
| Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | 6,264,622 | 3,436,491 | -1,866,755 | -360,348 | -1,315,035 | -8,654,284 |
| Depreciation | 1,807,394 | 2,273,515 | 2,314,385 | 1,262,050 | 874,749 | 330,653 |
| Amortisation | 7,897,466 | 7,369,608 | 7,101,754 | 6,586,356 | 6,528,126 | 5,296,816 |
| Tax | -2,177,163 | -986,935 | -1,460,982 | 102,722 | 1,192,664 | 329,204 |
| Stock | -480,878 | -2,531,175 | 1,960,310 | 293,652 | 634,841 | 1,278,904 |
| Debtors | 776,950 | 5,045,215 | 529,334 | 1,466,277 | 2,877,454 | 13,226,689 |
| Creditors | -6,095,857 | 15,735,193 | 6,977,787 | 1,316,003 | 7,037,911 | 24,841,161 |
| Accruals and Deferred Income | 7,985,641 | -7,981,237 | 2,693,229 | 5,250,322 | 698,007 | 12,947,342 |
| Deferred Taxes & Provisions | -2,093,998 | -1,839,542 | -249,804 | -814,710 | -2,777,640 | 22,844,722 |
| Cash flow from operations | 13,292,033 | 15,493,053 | 13,019,970 | 11,582,466 | 8,726,487 | 43,430,021 |
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 129,927,460 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -251,099,536 | 28,177,160 | 228,892,988 | -87,252,033 | 7,885,799 | 207,368,178 |
| Hire Purchase and Lease Commitments | -693,748 | 278,897 | 3,480,665 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | -103,140,608 | 103,140,608 | 0 | 0 |
| share issue | ||||||
| interest | -14,340,148 | -14,004,219 | -13,557,370 | -16,840,185 | -12,621,835 | -10,846,583 |
| cash flow from financing | -133,547,920 | 15,857,161 | 118,072,446 | 471,260 | -3,020,176 | 197,232,346 |
| cash and cash equivalents | ||||||
| cash | 4,152,863 | 13,808,999 | 359,348 | 3,071,161 | 243,744 | 7,847,743 |
| overdraft | 0 | 0 | 0 | -1,520,603 | -2,104,397 | 3,625,000 |
| change in cash | 4,152,863 | 13,808,999 | 359,348 | 4,591,764 | 2,348,141 | 4,222,743 |
rg engagement group limited Credit Report and Business Information
Rg Engagement Group Limited Competitor Analysis
Perform a competitor analysis for rg engagement group limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other undefined companies, companies in W1T area or any other competitors across 12 key performance metrics.
rg engagement group limited Ownership
RG ENGAGEMENT GROUP LIMITED group structure
Rg Engagement Group Limited has no subsidiary companies.
Ultimate parent company
RG ENGAGEMENT GROUP LIMITED
09704342
rg engagement group limited directors
Rg Engagement Group Limited currently has 3 directors. The longest serving directors include Mr Douglas Butler (Jul 2016) and Mr Robert Boland (Jul 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Douglas Butler | United States | 60 years | Jul 2016 | - | Director |
| Mr Robert Boland | United Kingdom | 43 years | Jul 2018 | - | Director |
| Ms Elli Morii | United Kingdom | 51 years | Aug 2019 | - | Director |
P&L
June 2021turnover
253.5m
-2%
operating profit
6.3m
+82%
gross margin
17.3%
+15.23%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2021net assets
-77.4m
+0.11%
total assets
199.2m
-0.01%
cash
29.5m
+0.16%
net assets
Total assets minus all liabilities
rg engagement group limited company details
company number
09704342
Type
Private limited with Share Capital
industry
78109 - Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.
incorporation date
July 2015
age
10
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
June 2021
previous names
N/A
accountant
-
auditor
DELOITTE LLP
address
265 tottenham court road, london, W1T 7RQ
Bank
-
Legal Advisor
-
rg engagement group 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 found 1 charges/mortgages relating to rg engagement group limited. Currently there are 0 open charges and 1 have been satisfied in the past.
rg engagement group 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 RG ENGAGEMENT GROUP LIMITED. This can take several minutes, an email will notify you when this has completed.
rg engagement group limited Companies House Filings - See Documents
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