renting2u limited

renting2u limited Company Information

Share RENTING2U LIMITED
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Company Number

10464761

Industry

Management of real estate on a fee or contract basis

 

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

 
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Shareholders

matthias radatz

seemeen radatz

Group Structure

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Contact

Registered Address

364 - 366 cemetery road, sheffield, S11 8FT

Website

-

renting2u limited Estimated Valuation

£1.9m

Pomanda estimates the enterprise value of RENTING2U LIMITED at £1.9m based on a Turnover of £1m and 1.84x industry multiple (adjusted for size and gross margin).

renting2u limited Estimated Valuation

£24.9k

Pomanda estimates the enterprise value of RENTING2U LIMITED at £24.9k based on an EBITDA of £5.2k and a 4.75x industry multiple (adjusted for size and gross margin).

renting2u limited Estimated Valuation

£0

Pomanda estimates the enterprise value of RENTING2U LIMITED at £0 based on Net Assets of £-11.6k and 1.54x industry multiple (adjusted for liquidity).

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Renting2u Limited Overview

Renting2u Limited is a live company located in sheffield, S11 8FT with a Companies House number of 10464761. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in November 2016, it's largest shareholder is matthias radatz with a 50% stake. Renting2u Limited is a young, small sized company, Pomanda has estimated its turnover at £1m with rapid growth in recent years.

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Renting2u Limited Health Check

Pomanda's financial health check has awarded Renting2U Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

3 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £1m, make it in line with the average company (£895.3k)

£1m - Renting2u Limited

£895.3k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 109%, show it is growing at a faster rate (5%)

109% - Renting2u Limited

5% - Industry AVG

production

Production

with a gross margin of 25%, this company has a higher cost of product (62.7%)

25% - Renting2u Limited

62.7% - Industry AVG

profitability

Profitability

an operating margin of 0.5% make it less profitable than the average company (22.3%)

0.5% - Renting2u Limited

22.3% - Industry AVG

employees

Employees

with 3 employees, this is below the industry average (5)

3 - Renting2u Limited

5 - Industry AVG

paystructure

Pay Structure

on an average salary of £37.6k, the company has an equivalent pay structure (£37.6k)

£37.6k - Renting2u Limited

£37.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £337.3k, this is more efficient (£163.3k)

£337.3k - Renting2u Limited

£163.3k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Renting2u Limited

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 387 days, this is slower than average (33 days)

387 days - Renting2u Limited

33 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Renting2u Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (15 weeks)

1 weeks - Renting2u Limited

15 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 100.7%, this is a higher level of debt than the average (68.4%)

100.7% - Renting2u Limited

68.4% - Industry AVG

RENTING2U LIMITED financials

EXPORTms excel logo

Renting2U Limited's latest turnover from March 2024 is estimated at £1 million and the company has net assets of -£11.6 thousand. According to their latest financial statements, we estimate that Renting2U Limited has 3 employees and maintains cash reserves of £25.2 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018
Turnover1,011,799156,886138,852110,257113,088305,911263,333
Other Income Or Grants0000000
Cost Of Sales758,884119,177106,35985,51788,102232,993199,358
Gross Profit252,91537,70932,49324,74024,98672,91863,974
Admin Expenses247,67922,12331,75810,86216,85173,158111,995
Operating Profit5,23615,58673513,8788,135-240-48,021
Interest Payable0000000
Interest Receivable1,074640187301910736
Pre-Tax Profit6,31116,22692213,9078,154-133-47,985
Tax-1,578-3,083-175-2,642-1,54900
Profit After Tax4,73313,14374711,2656,605-133-47,985
Dividends Paid0000000
Retained Profit4,73313,14374711,2656,605-133-47,985
Employee Costs112,92935,74334,50833,04833,76133,47131,665
Number Of Employees3111111
EBITDA*5,23615,6801,29914,4428,699230-48,021

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018
Tangible Assets1,625,6071,233,5401,072,351781,437782,001782,565660,275
Intangible Assets0000000
Investments & Other0000000
Debtors (Due After 1 year)0000000
Total Fixed Assets1,625,6071,233,5401,072,351781,437782,001782,565660,275
Stock & work in progress0000000
Trade Debtors018447598638600
Group Debtors0000000
Misc Debtors0000000
Cash25,15915,76914,34635,45523,79414,01414,395
misc current assets0000000
total current assets25,15915,95314,82136,44124,18014,01414,395
total assets1,650,7661,249,4931,087,172817,878806,181796,579674,670
Bank overdraft0000000
Bank loan0000000
Trade Creditors 806,410360,866327,918273,692273,260270,263237,241
Group/Directors Accounts0000000
other short term finances0000000
hp & lease commitments0000000
other current liabilities496000000
total current liabilities806,906360,866327,918273,692273,260270,263237,241
loans0000000
hp & lease commitments0000000
Accruals and Deferred Income0000000
other liabilities855,483904,983788,753574,432574,432574,432485,412
provisions0000000
total long term liabilities855,483904,983788,753574,432574,432574,432485,412
total liabilities1,662,3891,265,8491,116,671848,124847,692844,695722,653
net assets-11,623-16,356-29,499-30,246-41,511-48,116-47,983
total shareholders funds-11,623-16,356-29,499-30,246-41,511-48,116-47,983
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018
Operating Activities
Operating Profit5,23615,58673513,8788,135-240-48,021
Depreciation0945645645644700
Amortisation0000000
Tax-1,578-3,083-175-2,642-1,54900
Stock0000000
Debtors-184-291-51160038600
Creditors445,54432,94854,2264322,99733,022237,241
Accruals and Deferred Income496000000
Deferred Taxes & Provisions0000000
Cash flow from operations449,88245,83655,86111,6329,76133,252189,220
Investing Activities
capital expenditure-392,067-161,283-291,47800-122,760-660,275
Change in Investments0000000
cash flow from investments-392,067-161,283-291,47800-122,760-660,275
Financing Activities
Bank loans0000000
Group/Directors Accounts0000000
Other Short Term Loans 0000000
Long term loans0000000
Hire Purchase and Lease Commitments0000000
other long term liabilities-49,500116,230214,3210089,020485,412
share issue0000002
interest1,074640187301910736
cash flow from financing-48,426116,870214,508301989,127485,450
cash and cash equivalents
cash9,3901,423-21,10911,6619,780-38114,395
overdraft0000000
change in cash9,3901,423-21,10911,6619,780-38114,395

renting2u limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Renting2u Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for renting2u limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in S11 area or any other competitors across 12 key performance metrics.

renting2u limited Ownership

RENTING2U LIMITED group structure

Renting2U Limited has no subsidiary companies.

Ultimate parent company

RENTING2U LIMITED

10464761

RENTING2U LIMITED Shareholders

matthias radatz 50%
seemeen radatz 50%

renting2u limited directors

Renting2U Limited currently has 2 directors. The longest serving directors include Mr Matthias Radatz (Nov 2016) and Mrs Seemeen Radatz (Nov 2016).

officercountryagestartendrole
Mr Matthias RadatzEngland59 years Nov 2016- Director
Mrs Seemeen RadatzEngland54 years Nov 2016- Director

P&L

March 2024

turnover

1m

+545%

operating profit

5.2k

0%

gross margin

25%

+4%

turnover

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

Balance Sheet

March 2024

net assets

-11.6k

-0.29%

total assets

1.7m

+0.32%

cash

25.2k

+0.6%

net assets

Total assets minus all liabilities

renting2u limited company details

company number

10464761

Type

Private limited with Share Capital

industry

68100 - Buying and selling of own real estate

68320 - Management of real estate on a fee or contract basis

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

November 2016

age

8

incorporated

UK

ultimate parent company

None

accounts

Unaudited Abridged

last accounts submitted

March 2024

previous names

N/A

accountant

-

auditor

-

address

364 - 366 cemetery road, sheffield, S11 8FT

Bank

-

Legal Advisor

-

renting2u 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 15 charges/mortgages relating to renting2u limited. Currently there are 15 open charges and 0 have been satisfied in the past.

charges

renting2u limited Companies House Filings - See Documents

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