rental assist ltd
rental assist ltd Company Information
Company Number
09953213
Website
-Registered Address
85 great portland street, first floor, london, W1W 7LT
Industry
Buying and selling of own real estate
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Telephone
-
Next Accounts Due
October 2025
Group Structure
View All
Directors
Marcin Korczak8 Years
Shareholders
anna rudzka-korczak 100%
rental assist ltd Estimated Valuation
Pomanda estimates the enterprise value of RENTAL ASSIST LTD at £53.2k based on a Turnover of £41.7k and 1.27x industry multiple (adjusted for size and gross margin).
rental assist ltd Estimated Valuation
Pomanda estimates the enterprise value of RENTAL ASSIST LTD at £0 based on an EBITDA of £-24 and a 3.81x industry multiple (adjusted for size and gross margin).
rental assist ltd Estimated Valuation
Pomanda estimates the enterprise value of RENTAL ASSIST LTD at £0 based on Net Assets of £-3.8k and 0.95x industry multiple (adjusted for liquidity).
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Rental Assist Ltd Overview
Rental Assist Ltd is a live company located in london, W1W 7LT with a Companies House number of 09953213. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in January 2016, it's largest shareholder is anna rudzka-korczak with a 100% stake. Rental Assist Ltd is a young, micro sized company, Pomanda has estimated its turnover at £41.7k with declining growth in recent years.
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Rental Assist Ltd Health Check
Pomanda's financial health check has awarded Rental Assist Ltd a 1.5 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 £41.7k, make it smaller than the average company (£2.9m)
- Rental Assist Ltd
£2.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -18%, show it is growing at a slower rate (4.4%)
- Rental Assist Ltd
4.4% - Industry AVG
Production
with a gross margin of 22%, this company has a higher cost of product (62.3%)
- Rental Assist Ltd
62.3% - Industry AVG
Profitability
an operating margin of -0.1% make it less profitable than the average company (19.1%)
- Rental Assist Ltd
19.1% - Industry AVG
Employees
with 1 employees, this is below the industry average (8)
1 - Rental Assist Ltd
8 - Industry AVG
Pay Structure
on an average salary of £58.3k, the company has an equivalent pay structure (£58.3k)
- Rental Assist Ltd
£58.3k - Industry AVG
Efficiency
resulting in sales per employee of £41.7k, this is less efficient (£204.3k)
- Rental Assist Ltd
£204.3k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (28 days)
- Rental Assist Ltd
28 days - Industry AVG
Creditor Days
its suppliers are paid after 42 days, this is slower than average (30 days)
- Rental Assist Ltd
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Rental Assist Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Rental Assist Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 477.3%, this is a higher level of debt than the average (59.5%)
477.3% - Rental Assist Ltd
59.5% - Industry AVG
RENTAL ASSIST LTD financials
Rental Assist Ltd's latest turnover from January 2024 is estimated at £41.7 thousand and the company has net assets of -£3.8 thousand. According to their latest financial statements, Rental Assist Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | |
|---|---|---|---|---|---|---|---|---|
| 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 | 1 | 1 | 1 | 1 | 1 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 3 | 12,809 | 415 | 22,899 | 0 | 5,441 | 15,624 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3 | 12,809 | 415 | 22,899 | 0 | 5,441 | 15,624 | 0 |
| total assets | 1,003 | 13,809 | 1,415 | 23,899 | 1,000 | 6,441 | 16,624 | 1,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 3,787 | 16,569 | 4,364 | 14,808 | 14,236 | 9,318 | 15,726 | 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 | 0 | 0 | 0 | 0 |
| total current liabilities | 3,787 | 16,569 | 4,364 | 14,808 | 14,236 | 9,318 | 15,726 | 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 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| total liabilities | 4,787 | 17,569 | 5,364 | 15,808 | 15,236 | 10,318 | 16,726 | 1,000 |
| net assets | -3,784 | -3,760 | -3,949 | 8,091 | -14,236 | -3,877 | -102 | 0 |
| total shareholders funds | -3,784 | -3,760 | -3,949 | 8,091 | -14,236 | -3,877 | -102 | 0 |
| Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -12,806 | 12,394 | -22,484 | 22,899 | -5,441 | -10,183 | 15,624 | 0 |
| Creditors | -12,782 | 12,205 | -10,444 | 572 | 4,918 | -6,408 | 15,726 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 1,000 |
| 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 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,000 |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
rental assist ltd Credit Report and Business Information
Rental Assist Ltd Competitor Analysis
Perform a competitor analysis for rental assist ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in W1W area or any other competitors across 12 key performance metrics.
rental assist ltd Ownership
RENTAL ASSIST LTD group structure
Rental Assist Ltd has no subsidiary companies.
Ultimate parent company
RENTAL ASSIST LTD
09953213
rental assist ltd directors
Rental Assist Ltd currently has 1 director, Mr Marcin Korczak serving since Jan 2016.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Marcin Korczak | England | 40 years | Jan 2016 | - | Director |
P&L
January 2024turnover
41.7k
-34%
operating profit
-24
0%
gross margin
22%
-8.58%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2024net assets
-3.8k
+0.01%
total assets
1k
-0.93%
cash
0
0%
net assets
Total assets minus all liabilities
rental assist ltd company details
company number
09953213
Type
Private limited with Share Capital
industry
68100 - Buying and selling of own real estate
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
incorporation date
January 2016
age
8
incorporated
UK
accounts
Micro-Entity Accounts
ultimate parent company
previous names
mybitex ltd (August 2023)
mk property holding ltd (August 2021)
last accounts submitted
January 2024
address
85 great portland street, first floor, london, W1W 7LT
accountant
-
auditor
-
rental assist 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 rental assist ltd.
rental assist ltd Companies House Filings - See Documents
| date | description | view/download |
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