rakhs news ltd
rakhs news ltd Company Information
Company Number
10568188
Website
-Registered Address
157 peckham hill street, london, SE15 5JZ
Industry
Retail sale in non-specialised stores with food, beverages or tobacco predominating
Telephone
02076391655
Next Accounts Due
October 2024
Group Structure
View All
Shareholders
tejaskumar rameshbhai desai 50%
ankurkumar desai 50%
rakhs news ltd Estimated Valuation
Pomanda estimates the enterprise value of RAKHS NEWS LTD at £444.9k based on a Turnover of £1.7m and 0.26x industry multiple (adjusted for size and gross margin).
rakhs news ltd Estimated Valuation
Pomanda estimates the enterprise value of RAKHS NEWS LTD at £274.9k based on an EBITDA of £91.4k and a 3.01x industry multiple (adjusted for size and gross margin).
rakhs news ltd Estimated Valuation
Pomanda estimates the enterprise value of RAKHS NEWS LTD at £773.4k based on Net Assets of £281.7k and 2.75x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Rakhs News Ltd Overview
Rakhs News Ltd is a live company located in london, SE15 5JZ with a Companies House number of 10568188. It operates in the retail sale in non-specialised stores with food, beverages or tobacco predominating sector, SIC Code 47110. Founded in January 2017, it's largest shareholder is tejaskumar rameshbhai desai with a 50% stake. Rakhs News Ltd is a young, small sized company, Pomanda has estimated its turnover at £1.7m with high growth in recent years.
Upgrade for unlimited company reports & a free credit check
Rakhs News Ltd Health Check
Pomanda's financial health check has awarded Rakhs News Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
3 Weak
Size
annual sales of £1.7m, make it larger than the average company (£933k)
- Rakhs News Ltd
£933k - Industry AVG
Growth
3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (4.7%)
- Rakhs News Ltd
4.7% - Industry AVG
Production
with a gross margin of 16.2%, this company has a higher cost of product (23.3%)
- Rakhs News Ltd
23.3% - Industry AVG
Profitability
an operating margin of 5.3% make it more profitable than the average company (3.1%)
- Rakhs News Ltd
3.1% - Industry AVG
Employees
with 2 employees, this is below the industry average (16)
2 - Rakhs News Ltd
16 - Industry AVG
Pay Structure
on an average salary of £15.2k, the company has an equivalent pay structure (£15.2k)
- Rakhs News Ltd
£15.2k - Industry AVG
Efficiency
resulting in sales per employee of £861.1k, this is more efficient (£112k)
- Rakhs News Ltd
£112k - Industry AVG
Debtor Days
it gets paid by customers after 106 days, this is later than average (6 days)
- Rakhs News Ltd
6 days - Industry AVG
Creditor Days
its suppliers are paid after 60 days, this is slower than average (25 days)
- Rakhs News Ltd
25 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Rakhs News Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Rakhs News Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 49.1%, this is a lower level of debt than the average (68.2%)
49.1% - Rakhs News Ltd
68.2% - Industry AVG
RAKHS NEWS LTD financials
Rakhs News Ltd's latest turnover from January 2023 is estimated at £1.7 million and the company has net assets of £281.7 thousand. According to their latest financial statements, Rakhs News Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | |
|---|---|---|---|---|---|---|
| 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 | 2 | 4 | 5 | 3 | 3 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 50,189 | 53,404 | 58,035 | 58,325 | 62,730 | 69,854 |
| 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 | 50,189 | 53,404 | 58,035 | 58,325 | 62,730 | 69,854 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 503,423 | 398,020 | 342,906 | 160,755 | 109,202 | 124,671 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 503,423 | 398,020 | 342,906 | 160,755 | 109,202 | 124,671 |
| total assets | 553,612 | 451,424 | 400,941 | 219,080 | 171,932 | 194,525 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 238,540 | 200,410 | 181,601 | 142,469 | 134,823 | 193,554 |
| 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 | 238,540 | 200,410 | 181,601 | 142,469 | 134,823 | 193,554 |
| 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 | 33,333 | 43,333 | 50,000 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 33,333 | 43,333 | 50,000 | 0 | 0 | 0 |
| total liabilities | 271,873 | 243,743 | 231,601 | 142,469 | 134,823 | 193,554 |
| net assets | 281,739 | 207,681 | 169,340 | 76,611 | 37,109 | 971 |
| total shareholders funds | 281,739 | 207,681 | 169,340 | 76,611 | 37,109 | 971 |
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 0 | |||||
| Amortisation | 0 | |||||
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 105,403 | 55,114 | 182,151 | 51,553 | -15,469 | 124,671 |
| Creditors | 38,130 | 18,809 | 39,132 | 7,646 | -58,731 | 193,554 |
| 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 | -10,000 | -6,667 | 50,000 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 |
rakhs news ltd Credit Report and Business Information
Rakhs News Ltd Competitor Analysis
Perform a competitor analysis for rakhs news ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in SE15 area or any other competitors across 12 key performance metrics.
rakhs news ltd Ownership
RAKHS NEWS LTD group structure
Rakhs News Ltd has no subsidiary companies.
Ultimate parent company
RAKHS NEWS LTD
10568188
rakhs news ltd directors
Rakhs News Ltd currently has 2 directors. The longest serving directors include Mr Ankurkumar Desai (Jan 2017) and Tejaskumar Desai (Mar 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ankurkumar Desai | United Kingdom | 40 years | Jan 2017 | - | Director |
| Tejaskumar Desai | England | 35 years | Mar 2024 | - | Director |
P&L
January 2023turnover
1.7m
+29%
operating profit
91.4k
0%
gross margin
16.3%
-0.21%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2023net assets
281.7k
+0.36%
total assets
553.6k
+0.23%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
rakhs news ltd company details
company number
10568188
Type
Private limited with Share Capital
industry
47110 - Retail sale in non-specialised stores with food, beverages or tobacco predominating
incorporation date
January 2017
age
7
incorporated
UK
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
last accounts submitted
January 2023
address
157 peckham hill street, london, SE15 5JZ
accountant
-
auditor
-
rakhs news 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 rakhs news ltd.
rakhs news ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
