rac africa trading limited
rac africa trading limited Company Information
Company Number
10335772
Website
-Registered Address
gable house, 239 regents park road, london, N3 3LF
Industry
Non-specialised wholesale trade
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
bernhoft p e i aps 100%
rac africa trading limited Estimated Valuation
Pomanda estimates the enterprise value of RAC AFRICA TRADING LIMITED at £3.6m based on a Turnover of £5.2m and 0.68x industry multiple (adjusted for size and gross margin).
rac africa trading limited Estimated Valuation
Pomanda estimates the enterprise value of RAC AFRICA TRADING LIMITED at £0 based on an EBITDA of £-456.4k and a 5.36x industry multiple (adjusted for size and gross margin).
rac africa trading limited Estimated Valuation
Pomanda estimates the enterprise value of RAC AFRICA TRADING LIMITED at £0 based on Net Assets of £-1.3m and 1.8x industry multiple (adjusted for liquidity).
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Rac Africa Trading Limited Overview
Rac Africa Trading Limited is a live company located in london, N3 3LF with a Companies House number of 10335772. It operates in the non-specialised wholesale trade sector, SIC Code 46900. Founded in August 2016, it's largest shareholder is bernhoft p e i aps with a 100% stake. Rac Africa Trading Limited is a young, mid sized company, Pomanda has estimated its turnover at £5.2m with rapid growth in recent years.
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Rac Africa Trading Limited Health Check
Pomanda's financial health check has awarded Rac Africa Trading Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
5 Weak
Size
annual sales of £5.2m, make it smaller than the average company (£14.5m)
- Rac Africa Trading Limited
£14.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 41%, show it is growing at a faster rate (4.2%)
- Rac Africa Trading Limited
4.2% - Industry AVG
Production
with a gross margin of 28%, this company has a comparable cost of product (28%)
- Rac Africa Trading Limited
28% - Industry AVG
Profitability
an operating margin of -8.8% make it less profitable than the average company (5.9%)
- Rac Africa Trading Limited
5.9% - Industry AVG
Employees
with 1 employees, this is below the industry average (40)
1 - Rac Africa Trading Limited
40 - Industry AVG
Pay Structure
on an average salary of £41.9k, the company has an equivalent pay structure (£41.9k)
- Rac Africa Trading Limited
£41.9k - Industry AVG
Efficiency
resulting in sales per employee of £5.2m, this is more efficient (£356.9k)
- Rac Africa Trading Limited
£356.9k - Industry AVG
Debtor Days
it gets paid by customers after 34 days, this is earlier than average (53 days)
- Rac Africa Trading Limited
53 days - Industry AVG
Creditor Days
its suppliers are paid after 170 days, this is slower than average (36 days)
- Rac Africa Trading Limited
36 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Rac Africa Trading Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (14 weeks)
0 weeks - Rac Africa Trading Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 358.9%, this is a higher level of debt than the average (48.5%)
358.9% - Rac Africa Trading Limited
48.5% - Industry AVG
RAC AFRICA TRADING LIMITED financials
Rac Africa Trading Limited's latest turnover from December 2022 is estimated at £5.2 million and the company has net assets of -£1.3 million. According to their latest financial statements, Rac Africa Trading Limited has 1 employee and maintains cash reserves of £4.3 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 | |
|---|---|---|---|---|---|---|
| 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 | 1 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 27,603 | 134,523 |
| Trade Debtors | 486,994 | 285,733 | 193,374 | 173,496 | 251,530 | 176,283 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 4,272 | 4,316 | 3,648 | 2,721 | 3,077 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 491,266 | 290,049 | 197,022 | 176,217 | 282,210 | 310,806 |
| total assets | 491,266 | 290,049 | 197,022 | 176,217 | 282,210 | 310,806 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,754,408 | 1,096,827 | 841,577 | 603,857 | 655,469 | 528,887 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 1,754,408 | 1,096,827 | 841,577 | 603,857 | 655,469 | 528,887 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 8,538 | 8,673 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 8,539 | 8,673 | 0 | 0 | 0 | 0 |
| total liabilities | 1,762,947 | 1,105,500 | 841,577 | 603,857 | 655,469 | 528,887 |
| net assets | -1,271,680 | -815,452 | -644,555 | -427,640 | -373,259 | -218,081 |
| total shareholders funds | -1,271,680 | -815,452 | -644,555 | -427,640 | -373,259 | -218,081 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||
| Stock | 0 | 0 | 0 | -27,603 | -106,920 | 134,523 |
| Debtors | 201,262 | 92,358 | 19,879 | -78,035 | 75,247 | 176,283 |
| Creditors | 657,581 | 255,250 | 237,721 | -51,612 | 126,582 | 528,887 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| 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 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -135 | 8,673 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | -44 | 668 | 927 | -356 | 3,077 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -44 | 668 | 927 | -356 | 3,077 | 0 |
rac africa trading limited Credit Report and Business Information
Rac Africa Trading Limited Competitor Analysis
Perform a competitor analysis for rac africa trading limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in N 3 area or any other competitors across 12 key performance metrics.
rac africa trading limited Ownership
RAC AFRICA TRADING LIMITED group structure
Rac Africa Trading Limited has no subsidiary companies.
Ultimate parent company
RAC AFRICA TRADING LIMITED
10335772
rac africa trading limited directors
Rac Africa Trading Limited currently has 3 directors. The longest serving directors include Mr Jesper Bernhoft (Aug 2016) and Mr John Korso Jensen (Aug 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jesper Bernhoft | Denmark | 53 years | Aug 2016 | - | Director |
| Mr John Korso Jensen | Denmark | 77 years | Aug 2016 | - | Director |
| Ms Rebecca Osam | United Kingdom | 41 years | Aug 2016 | - | Director |
P&L
December 2022turnover
5.2m
+59%
operating profit
-456.4k
0%
gross margin
28.1%
+1.18%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-1.3m
+0.56%
total assets
491.3k
+0.69%
cash
4.3k
-0.01%
net assets
Total assets minus all liabilities
Similar Companies
rac africa trading limited company details
company number
10335772
Type
Private limited with Share Capital
industry
46900 - Non-specialised wholesale trade
incorporation date
August 2016
age
8
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
December 2022
address
gable house, 239 regents park road, london, N3 3LF
accountant
-
auditor
-
rac africa trading 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 rac africa trading limited.
rac africa trading limited Companies House Filings - See Documents
| date | description | view/download |
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