trustmgt (rfs) limited
trustmgt (rfs) limited Company Information
Company Number
10234450
Website
trustmgt.co.ukRegistered Address
unit 7, portal business park, eaton lane, tarporley, cheshire, CW6 9DL
Industry
Other personal service activities n.e.c.
Telephone
01829708457
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
trustmgt holdings limited 100%
trustmgt (rfs) limited Estimated Valuation
Pomanda estimates the enterprise value of TRUSTMGT (RFS) LIMITED at £3m based on a Turnover of £3.5m and 0.87x industry multiple (adjusted for size and gross margin).
trustmgt (rfs) limited Estimated Valuation
Pomanda estimates the enterprise value of TRUSTMGT (RFS) LIMITED at £1.5m based on an EBITDA of £236.7k and a 6.4x industry multiple (adjusted for size and gross margin).
trustmgt (rfs) limited Estimated Valuation
Pomanda estimates the enterprise value of TRUSTMGT (RFS) LIMITED at £904.3k based on Net Assets of £302.7k and 2.99x industry multiple (adjusted for liquidity).
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Trustmgt (rfs) Limited Overview
Trustmgt (rfs) Limited is a live company located in tarporley, CW6 9DL with a Companies House number of 10234450. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in June 2016, it's largest shareholder is trustmgt holdings limited with a 100% stake. Trustmgt (rfs) Limited is a young, small sized company, Pomanda has estimated its turnover at £3.5m with rapid growth in recent years.
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Trustmgt (rfs) Limited Health Check
Pomanda's financial health check has awarded Trustmgt (Rfs) Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
4 Weak
Size
annual sales of £3.5m, make it larger than the average company (£1.1m)
- Trustmgt (rfs) Limited
£1.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 374%, show it is growing at a faster rate (4.5%)
- Trustmgt (rfs) Limited
4.5% - Industry AVG
Production
with a gross margin of 41.2%, this company has a comparable cost of product (41.2%)
- Trustmgt (rfs) Limited
41.2% - Industry AVG
Profitability
an operating margin of 6.8% make it as profitable than the average company (7%)
- Trustmgt (rfs) Limited
7% - Industry AVG
Employees
with 37 employees, this is above the industry average (15)
- Trustmgt (rfs) Limited
15 - Industry AVG
Pay Structure
on an average salary of £32.2k, the company has an equivalent pay structure (£32.2k)
- Trustmgt (rfs) Limited
£32.2k - Industry AVG
Efficiency
resulting in sales per employee of £94k, this is equally as efficient (£95.5k)
- Trustmgt (rfs) Limited
£95.5k - Industry AVG
Debtor Days
it gets paid by customers after 50 days, this is later than average (31 days)
- Trustmgt (rfs) Limited
31 days - Industry AVG
Creditor Days
its suppliers are paid after 5 days, this is quicker than average (43 days)
- Trustmgt (rfs) Limited
43 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Trustmgt (rfs) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 10 weeks, this is less cash available to meet short term requirements (43 weeks)
10 weeks - Trustmgt (rfs) Limited
43 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 77.5%, this is a higher level of debt than the average (47.3%)
77.5% - Trustmgt (rfs) Limited
47.3% - Industry AVG
TRUSTMGT (RFS) LIMITED financials
Trustmgt (Rfs) Limited's latest turnover from December 2022 is estimated at £3.5 million and the company has net assets of £302.7 thousand. According to their latest financial statements, we estimate that Trustmgt (Rfs) Limited has 37 employees and maintains cash reserves of £105.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 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 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 477,216 | 255,829 | 121,863 | 0 | 3,052 | 5,149 | 100 |
| Group Debtors | 756,262 | 470,000 | 137,347 | 137,627 | 0 | 0 | 0 |
| Misc Debtors | 5,983 | 10,302 | 0 | 5,000 | 0 | 0 | 0 |
| Cash | 105,142 | 97,731 | 145,757 | 61,645 | 56,777 | 22,212 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,344,603 | 833,862 | 404,967 | 204,272 | 59,829 | 27,361 | 100 |
| total assets | 1,344,604 | 833,863 | 404,968 | 204,273 | 59,830 | 27,362 | 100 |
| Bank overdraft | 0 | 0 | 0 | 13,415 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 33,188 | 0 | 16,503 | 5,773 | 0 | 0 | 0 |
| Group/Directors Accounts | 130,082 | 201,744 | 30,395 | 50,000 | 838 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 380,718 | 80,524 | 64,646 | 52,368 | 12,025 | 6,761 | 0 |
| total current liabilities | 543,988 | 282,268 | 111,544 | 121,556 | 12,863 | 6,761 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 497,957 | 443,506 | 185,335 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 497,957 | 443,506 | 185,335 | 0 | 0 | 0 | 0 |
| total liabilities | 1,041,945 | 725,774 | 296,879 | 121,556 | 12,863 | 6,761 | 0 |
| net assets | 302,659 | 108,089 | 108,089 | 82,717 | 46,967 | 20,601 | 100 |
| total shareholders funds | 302,659 | 108,089 | 108,089 | 82,717 | 46,967 | 20,601 | 100 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | ||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 503,330 | 476,921 | 116,583 | 139,575 | -2,097 | 5,049 | 100 |
| Creditors | 33,188 | -16,503 | 10,730 | 5,773 | 0 | 0 | 0 |
| Accruals and Deferred Income | 300,194 | 15,878 | 12,278 | 40,343 | 5,264 | 6,761 | 0 |
| Deferred Taxes & Provisions | 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 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -71,662 | 171,349 | -19,605 | 49,162 | 838 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 54,451 | 258,171 | 185,335 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | 7,411 | -48,026 | 84,112 | 4,868 | 34,565 | 22,212 | 0 |
| overdraft | 0 | 0 | -13,415 | 13,415 | 0 | 0 | 0 |
| change in cash | 7,411 | -48,026 | 97,527 | -8,547 | 34,565 | 22,212 | 0 |
trustmgt (rfs) limited Credit Report and Business Information
Trustmgt (rfs) Limited Competitor Analysis
Perform a competitor analysis for trustmgt (rfs) limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
trustmgt (rfs) limited Ownership
TRUSTMGT (RFS) LIMITED group structure
Trustmgt (Rfs) Limited has no subsidiary companies.
trustmgt (rfs) limited directors
Trustmgt (Rfs) Limited currently has 4 directors. The longest serving directors include Mr Richard Watson (Jun 2016) and Mr Jonathan Bracegirdle (Jun 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Richard Watson | England | 53 years | Jun 2016 | - | Director |
| Mr Jonathan Bracegirdle | England | 50 years | Jun 2016 | - | Director |
| Mr Christopher Prescott | England | 54 years | Feb 2020 | - | Director |
| Mr Ashley Maddock | England | 43 years | Feb 2020 | - | Director |
P&L
December 2022turnover
3.5m
+21%
operating profit
236.7k
0%
gross margin
41.2%
+1.83%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
302.7k
+1.8%
total assets
1.3m
+0.61%
cash
105.1k
+0.08%
net assets
Total assets minus all liabilities
trustmgt (rfs) limited company details
company number
10234450
Type
Private limited with Share Capital
industry
96090 - Other personal service activities n.e.c.
incorporation date
June 2016
age
8
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
unit 7, portal business park, eaton lane, tarporley, cheshire, CW6 9DL
last accounts submitted
December 2022
trustmgt (rfs) 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 trustmgt (rfs) limited. Currently there are 1 open charges and 0 have been satisfied in the past.
trustmgt (rfs) limited Companies House Filings - See Documents
| date | description | view/download |
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