Rt74 Limited

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rt74 limited Company Information

Live

YoungSmallDeclining

Company Number

09781389

Next Accounts

Dec 2024

Industry

Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

Directors

Rakesh Thakrar

Shareholders

rakesh thakrar & kathryn thakrar

rakesh thakrar

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Group Structure

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Contact

Registered Address

fenlake house, fenlake business centre, peterborough, cambridgeshire, PE15BQ

Website

rt74 limited Estimated Valuation

£11.3m

Pomanda estimates the enterprise value of RT74 LIMITED at £11.3m based on a Turnover of £4.3m and 2.65x industry multiple (adjusted for size and gross margin).

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Rt74 Limited is a live company located in peterborough, PE15BQ with a Companies House number of 09781389. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in September 2015, it's largest shareholder is rakesh thakrar & kathryn thakrar with a 49.3% stake. Rt74 Limited is a young, small sized company, Pomanda has estimated its turnover at £4.3m with declining growth in recent years.

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Pomanda's financial health check has awarded Rt74 Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

1 Regular

6 Weak

Size

annual sales of £4.3m, make it larger than the average company (£799.5k)

Growth

3 year (CAGR) sales growth of -18%, show it is growing at a slower rate (1.9%)

EXPORT

Rt74 Limited's latest turnover from March 2023 is estimated at £4.3 million and the company has net assets of £4.1 million. According to their latest financial statements, Rt74 Limited has 2 employees and maintains cash reserves of £155.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Sep 2016
Turnover	4,271,985	2,299,752	7,883,661	13,222,406	11,082,510	757,965	0	0
Other Income Or Grants	0	0	0	0	0	0	0	0
Cost Of Sales	2,845,108	1,557,346	5,952,066	9,914,223	8,169,274	548,626	0	0
Gross Profit	1,426,877	742,405	1,931,595	3,308,183	2,913,236	209,340	0	0
Admin Expenses	1,454,505	-4,282,794	1,786,531	3,183,708	3,007,623	-3,986,928	-500,000	0
Operating Profit	-27,628	5,025,199	145,064	124,475	-94,387	4,196,268	500,000	0
Interest Payable	0	0	0	0	0	0	0	0
Interest Receivable	12,684	1,655	1,741	16,944	23,973	8,515	0	400,000
Pre-Tax Profit	-14,944	5,026,854	146,805	141,420	-70,414	4,204,783	500,000	400,000
Tax	0	-955,102	-27,893	-26,870	0	-798,909	-100,000	0
Profit After Tax	-14,944	4,071,752	118,912	114,550	-70,414	3,405,874	400,000	400,000
Dividends Paid	0	0	0	0	0	0	0	0
Retained Profit	-14,944	4,071,752	118,912	114,550	-70,414	3,405,874	400,000	400,000
Employee Costs	60,747	28,792	28,315	29,153	812,262	79,763	0	0
Number Of Employees	2	1	1	1	29	3	0	1
EBITDA*	-26,577	5,026,503	145,064	124,475	-94,387	4,196,268	500,000	0

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Sep 2016
Tangible Assets	2,261	2,654	83,735	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0
Investments & Other	133,605	133,605	8,501	8,501	1	0	0	0
Debtors (Due After 1 year)	6,244,461	5,038,885	2,585,451	0	0	201,250	0	0
Total Fixed Assets	6,380,327	5,175,144	2,677,687	8,501	1	201,250	0	0
Stock & work in progress	0	0	0	245,775	245,775	245,775	0	0
Trade Debtors	1,630,020	941,681	2,567,959	4,573,535	2,082,088	139,518	0	400,000
Group Debtors	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	400,000	0
Cash	155,486	441,415	1,950,662	1,531,626	2,986,898	3,405,794	103	103
misc current assets	0	0	0	0	0	0	0	0
total current assets	1,785,506	1,383,096	4,518,621	6,350,936	5,314,761	3,791,087	400,103	400,103
total assets	8,165,833	6,558,240	7,196,308	6,359,437	5,314,762	3,992,337	400,103	400,103
Bank overdraft	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0
Trade Creditors	231,069	217,005	3,227,183	219,224	0	0	0	0
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	0	0	0	0	184,099	186,260	0	0
total current liabilities	231,069	217,005	3,227,183	219,224	184,099	186,260	0	0
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	3,828,648	2,228,015	0	2,290,000	1,395,000	0	0	0
provisions	7,840	0	0	0	0	0	0	0
total long term liabilities	3,836,488	2,228,015	0	2,290,000	1,395,000	0	0	0
total liabilities	4,067,557	2,445,020	3,227,183	2,509,224	1,579,099	186,260	0	0
net assets	4,098,276	4,113,220	3,969,125	3,850,213	3,735,663	3,806,077	400,103	400,103
total shareholders funds	4,098,276	4,113,220	3,969,125	3,850,213	3,735,663	3,806,077	400,103	400,103

	Mar 2023	Mar 2022	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Sep 2016
Operating Activities
Operating Profit	-27,628	5,025,199	145,064	124,475	-94,387	4,196,268	500,000	0
Depreciation	1,051	1,304	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0
Tax	0	-955,102	-27,893	-26,870	0	-798,909	-100,000	0
Stock	0	0	-245,775	0	0	245,775	0	0
Debtors	1,893,915	5,980,566	579,875	2,491,447	1,741,320	-59,232	400,000	400,000
Creditors	14,064	217,005	3,007,959	219,224	0	0	0	0
Accruals and Deferred Income	0	0	0	-184,099	-2,161	186,260	0	0
Deferred Taxes & Provisions	7,840	0	0	0	0	0	0	0
Cash flow from operations	-1,898,588	-1,692,160	2,791,030	-2,358,717	-1,837,868	3,397,076	0	-400,000
Investing Activities
capital expenditure	-658	-3,958	-83,735	0	0	0	0	0
Change in Investments	0	133,605	0	8,500	1	0	0	0
cash flow from investments	-658	-137,563	-83,735	-8,500	-1	0	0	0
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	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	1,600,633	2,228,015	-2,290,000	895,000	1,395,000	0	0	0
share issue	0	41,468	0	0	0	100	103	103
interest	12,684	1,655	1,741	16,944	23,973	8,515	0	400,000
cash flow from financing	1,613,317	2,271,138	-2,288,259	911,944	1,418,973	8,615	103	400,103
cash and cash equivalents
cash	-285,929	441,415	419,036	-1,455,272	-418,896	3,405,691	103	103
overdraft	0	0	0	0	0	0	0	0
change in cash	-285,929	441,415	419,036	-1,455,272	-418,896	3,405,691	103	103

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for rt74 limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in PE1 area or any other competitors across 12 key performance metrics.

RT74 LIMITED group structure

Rt74 Limited has 1 subsidiary company.

Ultimate parent company

RT74 LIMITED

09781389

1 subsidiary

RT1 INVESTMENTS LIMITED

11121537

RT74 LIMITED Shareholders

rakesh thakrar & kathryn thakrar	49.26%
rakesh thakrar	46.8%
kathryn thakrar	2.46%
darcey thakrar	0.49%
kian thakrar	0.49%
ruben thakrar	0.49%

Rt74 Limited currently has 1 director, Mr Rakesh Thakrar serving since Sep 2015.

officer	country	age	start	end	role
Mr Rakesh Thakrar	England	50 years	Sep 2015	-	Director

P&L

March 2023

turnover

4.3m

+86%

operating profit

-27.6k

gross margin

33.5%

+3.47%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2023

net assets

4.1m

total assets

8.2m

+0.25%

cash

155.5k

-0.65%

net assets

Total assets minus all liabilities

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2.5

company number

09781389

Type

Private limited with Share Capital

industry

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

incorporation date

September 2015

ultimate parent company

None

previous names

N/A

address

fenlake house, fenlake business centre, peterborough, cambridgeshire, PE15BQ

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 2 charges/mortgages relating to rt74 limited. Currently there are 2 open charges and 0 have been satisfied in the past.

rt74 limited Company Information

rt74 limited Estimated Valuation

rt74 limited Estimated Valuation

rt74 limited Estimated Valuation

Rt74 Limited Overview

Rt74 Limited Health Check

RT74 LIMITED financials

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rt74 limited Ownership

rt74 limited directors

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rt74 limited Companies House Filings - See Documents