rural & commercial finance ltd
rural & commercial finance ltd Company Information
Company Number
10765316
Website
www.rural-finance.co.ukRegistered Address
5 wilkinson court, clywedog road south, wrexham, LL13 9AE
Industry
Other credit granting (not including credit granting by non-deposit taking finance houses and other specialist consumer credit grantors and activities of mortgage finance companies) n.e.c.
Telephone
01978660360
Next Accounts Due
October 2024
Group Structure
View All
Shareholders
simon johnson 20%
alexander russell 20%
View Allrural & commercial finance ltd Estimated Valuation
Pomanda estimates the enterprise value of RURAL & COMMERCIAL FINANCE LTD at £4.1m based on a Turnover of £3m and 1.35x industry multiple (adjusted for size and gross margin).
rural & commercial finance ltd Estimated Valuation
Pomanda estimates the enterprise value of RURAL & COMMERCIAL FINANCE LTD at £183.2k based on an EBITDA of £33.7k and a 5.43x industry multiple (adjusted for size and gross margin).
rural & commercial finance ltd Estimated Valuation
Pomanda estimates the enterprise value of RURAL & COMMERCIAL FINANCE LTD at £178k based on Net Assets of £91.6k and 1.94x industry multiple (adjusted for liquidity).
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Rural & Commercial Finance Ltd Overview
Rural & Commercial Finance Ltd is a live company located in wrexham, LL13 9AE with a Companies House number of 10765316. It operates in the other credit granting n.e.c. sector, SIC Code 64929. Founded in May 2017, it's largest shareholder is simon johnson with a 20% stake. Rural & Commercial Finance Ltd is a young, small sized company, Pomanda has estimated its turnover at £3m with rapid growth in recent years.
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Rural & Commercial Finance Ltd Health Check
Pomanda's financial health check has awarded Rural & Commercial Finance Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 2 areas for improvement. Company Health Check FAQs
3 Strong
6 Regular
2 Weak
Size
annual sales of £3m, make it in line with the average company (£3.1m)
- Rural & Commercial Finance Ltd
£3.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 38%, show it is growing at a faster rate (3.4%)
- Rural & Commercial Finance Ltd
3.4% - Industry AVG
Production
with a gross margin of 67.2%, this company has a comparable cost of product (67.2%)
- Rural & Commercial Finance Ltd
67.2% - Industry AVG
Profitability
an operating margin of 1.1% make it less profitable than the average company (25.3%)
- Rural & Commercial Finance Ltd
25.3% - Industry AVG
Employees
with 8 employees, this is above the industry average (5)
- Rural & Commercial Finance Ltd
5 - Industry AVG
Pay Structure
on an average salary of £66.1k, the company has an equivalent pay structure (£66.1k)
- Rural & Commercial Finance Ltd
£66.1k - Industry AVG
Efficiency
resulting in sales per employee of £380.7k, this is equally as efficient (£394k)
- Rural & Commercial Finance Ltd
£394k - Industry AVG
Debtor Days
it gets paid by customers after 223 days, this is near the average (238 days)
- Rural & Commercial Finance Ltd
238 days - Industry AVG
Creditor Days
its suppliers are paid after 249 days, this is slower than average (23 days)
- Rural & Commercial Finance Ltd
23 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Rural & Commercial Finance Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 11 weeks, this is less cash available to meet short term requirements (15 weeks)
11 weeks - Rural & Commercial Finance Ltd
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 95.7%, this is a similar level of debt than the average (89.8%)
95.7% - Rural & Commercial Finance Ltd
89.8% - Industry AVG
rural & commercial finance ltd Credit Report and Business Information
Rural & Commercial Finance Ltd Competitor Analysis
Perform a competitor analysis for rural & commercial finance ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
rural & commercial finance ltd Ownership
RURAL & COMMERCIAL FINANCE LTD group structure
Rural & Commercial Finance Ltd has no subsidiary companies.
Ultimate parent company
RURAL & COMMERCIAL FINANCE LTD
10765316
rural & commercial finance ltd directors
Rural & Commercial Finance Ltd currently has 4 directors. The longest serving directors include Mr Simon Johnson (May 2017) and Mr Alexander Russell (May 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Simon Johnson | Wales | 56 years | May 2017 | - | Director |
| Mr Alexander Russell | Wales | 62 years | May 2017 | - | Director |
| Mr Michael Latham | United Kingdom | 62 years | May 2017 | - | Director |
| Mr Andrew Glover | Wales | 61 years | May 2017 | - | Director |
RURAL & COMMERCIAL FINANCE LTD financials
Rural & Commercial Finance Ltd's latest turnover from January 2023 is estimated at £3 million and the company has net assets of £91.6 thousand. According to their latest financial statements, we estimate that Rural & Commercial Finance Ltd has 8 employees and maintains cash reserves of £254.4 thousand 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 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | |
|---|---|---|---|---|---|---|
| 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 | 0 | 0 |
| Trade Debtors | 1,865,215 | 910,566 | 1,091,566 | 995,249 | 670,439 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,699 | 1,100 | 824 | 1,229 | 2,128 | 0 |
| Cash | 254,427 | 93,574 | 225,730 | 258,861 | 126,606 | 10 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,121,341 | 1,005,240 | 1,318,120 | 1,255,339 | 799,173 | 10 |
| total assets | 2,121,341 | 1,005,240 | 1,318,120 | 1,255,339 | 799,173 | 10 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 682,452 | 292,867 | 261,554 | 307,979 | 135,345 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 596,278 | 0 |
| other short term finances | 0 | 0 | 0 | 307,979 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 512,181 | 586,550 | 968,332 | 392,745 | 4,809 | 0 |
| total current liabilities | 1,194,633 | 879,417 | 1,229,886 | 1,008,703 | 736,432 | 0 |
| 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 | 835,123 | 66,493 | 80,342 | 240,909 | 59,281 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 835,123 | 66,493 | 80,342 | 240,909 | 59,281 | 0 |
| total liabilities | 2,029,756 | 945,910 | 1,310,228 | 1,249,612 | 795,713 | 0 |
| net assets | 91,585 | 59,330 | 7,892 | 5,727 | 3,460 | 10 |
| total shareholders funds | 91,585 | 59,330 | 7,892 | 5,727 | 3,460 | 10 |
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 955,248 | -180,724 | 95,912 | 323,911 | 672,567 | 0 |
| Creditors | 389,585 | 31,313 | -46,425 | 172,634 | 135,345 | 0 |
| Accruals and Deferred Income | -74,369 | -381,782 | 575,587 | 387,936 | 4,809 | 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 | -596,278 | 596,278 | 0 |
| Other Short Term Loans | 0 | 0 | -307,979 | 307,979 | 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 | 768,630 | -13,849 | -160,567 | 181,628 | 59,281 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 160,853 | -132,156 | -33,131 | 132,255 | 126,596 | 10 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 160,853 | -132,156 | -33,131 | 132,255 | 126,596 | 10 |
P&L
January 2023turnover
3m
+267%
operating profit
33.7k
0%
gross margin
67.2%
-6.74%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2023net assets
91.6k
+0.54%
total assets
2.1m
+1.11%
cash
254.4k
+1.72%
net assets
Total assets minus all liabilities
Similar Companies
rural & commercial finance ltd company details
company number
10765316
Type
Private limited with Share Capital
industry
64929 - Other credit granting (not including credit granting by non-deposit taking finance houses and other specialist consumer credit grantors and activities of mortgage finance companies) n.e.c.
incorporation date
May 2017
age
7
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
5 wilkinson court, clywedog road south, wrexham, LL13 9AE
last accounts submitted
January 2023
rural & commercial finance 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 rural & commercial finance ltd.
rural & commercial finance ltd Companies House Filings - See Documents
| date | description | view/download |
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