rapid lettings ltd
rapid lettings ltd Company Information
Company Number
11307542
Website
rapidlettings.co.ukRegistered Address
86 milton avenue, east ham, london, E6 1BL
Industry
Management of real estate on a fee or contract basis
Telephone
01792925067
Next Accounts Due
May 2026
Group Structure
View All
Directors
Ikramul Achhodi6 Years
Shareholders
ikramul haq achhodi 100%
rapid lettings ltd Estimated Valuation
Pomanda estimates the enterprise value of RAPID LETTINGS LTD at £31.2k based on a Turnover of £25.4k and 1.23x industry multiple (adjusted for size and gross margin).
rapid lettings ltd Estimated Valuation
Pomanda estimates the enterprise value of RAPID LETTINGS LTD at £0 based on an EBITDA of £-5.1k and a 4.39x industry multiple (adjusted for size and gross margin).
rapid lettings ltd Estimated Valuation
Pomanda estimates the enterprise value of RAPID LETTINGS LTD at £5.6k based on Net Assets of £3.4k and 1.64x industry multiple (adjusted for liquidity).
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Rapid Lettings Ltd Overview
Rapid Lettings Ltd is a live company located in london, E6 1BL with a Companies House number of 11307542. It operates in the management of real estate on a fee or contract basis sector, SIC Code 68320. Founded in April 2018, it's largest shareholder is ikramul haq achhodi with a 100% stake. Rapid Lettings Ltd is a young, micro sized company, Pomanda has estimated its turnover at £25.4k with declining growth in recent years.
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Rapid Lettings Ltd Health Check
Pomanda's financial health check has awarded Rapid Lettings Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
7 Weak
Size
annual sales of £66.7k, make it smaller than the average company (£1m)
- Rapid Lettings Ltd
£1m - Industry AVG
Growth
3 year (CAGR) sales growth of -20%, show it is growing at a slower rate (8.2%)
- Rapid Lettings Ltd
8.2% - Industry AVG
Production
with a gross margin of 15.3%, this company has a higher cost of product (56.6%)
- Rapid Lettings Ltd
56.6% - Industry AVG
Profitability
an operating margin of -2.7% make it less profitable than the average company (11.1%)
- Rapid Lettings Ltd
11.1% - Industry AVG
Employees
with 1 employees, this is below the industry average (8)
1 - Rapid Lettings Ltd
8 - Industry AVG
Pay Structure
on an average salary of £41.7k, the company has an equivalent pay structure (£41.7k)
- Rapid Lettings Ltd
£41.7k - Industry AVG
Efficiency
resulting in sales per employee of £66.7k, this is less efficient (£118.7k)
- Rapid Lettings Ltd
£118.7k - Industry AVG
Debtor Days
it gets paid by customers after 131 days, this is later than average (33 days)
- Rapid Lettings Ltd
33 days - Industry AVG
Creditor Days
its suppliers are paid after 41 days, this is slower than average (27 days)
- Rapid Lettings Ltd
27 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Rapid Lettings Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Rapid Lettings Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 77.8%, this is a similar level of debt than the average (76.7%)
77.8% - Rapid Lettings Ltd
76.7% - Industry AVG
RAPID LETTINGS LTD financials
Rapid Lettings Ltd's latest turnover from August 2024 is estimated at £25.4 thousand and the company has net assets of £3.4 thousand. According to their latest financial statements, Rapid Lettings Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2024 | Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | |
|---|---|---|---|---|---|---|---|
| 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 | 1 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2024 | Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 3,504 | 6,254 | 4,842 | 4,157 | 616 | 770 | 963 |
| 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 | 3,504 | 6,254 | 4,842 | 4,157 | 616 | 770 | 963 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 622 | 24,048 | 16,370 | 32,310 | 64,945 | 16,922 | 1,994 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 623 | 24,048 | 16,370 | 32,310 | 64,945 | 16,922 | 1,994 |
| total assets | 4,127 | 30,302 | 21,212 | 36,467 | 65,561 | 17,692 | 2,957 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 6,405 | 11,986 | 12,246 | 19,644 | 11,539 | 745 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 0 | 6,405 | 11,986 | 12,246 | 19,644 | 11,539 | 745 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 714 | 1,863 | 693 | 713 | 0 | 726 | 746 |
| other liabilities | 0 | 15,299 | 0 | 13,949 | 40,000 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 714 | 17,162 | 693 | 14,662 | 40,000 | 726 | 746 |
| total liabilities | 714 | 23,567 | 12,679 | 26,908 | 59,644 | 12,265 | 1,491 |
| net assets | 3,413 | 6,735 | 8,533 | 9,559 | 5,917 | 5,427 | 1,466 |
| total shareholders funds | 3,413 | 6,735 | 8,533 | 9,559 | 5,917 | 5,427 | 1,466 |
| Aug 2024 | Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | |||||||
| Amortisation | |||||||
| Tax | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -15,748 | 7,678 | -15,940 | -32,635 | 48,023 | 14,928 | 1,994 |
| Creditors | -11,986 | -5,581 | -260 | -7,398 | 8,105 | 10,794 | 745 |
| Accruals and Deferred Income | 21 | 1,170 | -20 | 713 | -726 | -20 | 746 |
| 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 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 15,299 | -13,949 | -26,051 | 40,000 | 0 | 0 |
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
rapid lettings ltd Credit Report and Business Information
Rapid Lettings Ltd Competitor Analysis
Perform a competitor analysis for rapid lettings ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in E 6 area or any other competitors across 12 key performance metrics.
rapid lettings ltd Ownership
RAPID LETTINGS LTD group structure
Rapid Lettings Ltd has no subsidiary companies.
Ultimate parent company
RAPID LETTINGS LTD
11307542
rapid lettings ltd directors
Rapid Lettings Ltd currently has 1 director, Mr Ikramul Achhodi serving since Apr 2018.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ikramul Achhodi | United Kingdom | 39 years | Apr 2018 | - | Director |
P&L
August 2024turnover
25.4k
-52%
operating profit
-5.1k
0%
gross margin
12.1%
-4.89%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2024net assets
3.4k
-0.6%
total assets
4.1k
-0.81%
cash
0
0%
net assets
Total assets minus all liabilities
rapid lettings ltd company details
company number
11307542
Type
Private limited with Share Capital
industry
68320 - Management of real estate on a fee or contract basis
incorporation date
April 2018
age
6
incorporated
UK
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
last accounts submitted
August 2024
address
86 milton avenue, east ham, london, E6 1BL
accountant
-
auditor
-
rapid lettings 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 rapid lettings ltd.
rapid lettings ltd Companies House Filings - See Documents
| date | description | view/download |
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