rtechgroup limited
rtechgroup limited Company Information
Company Number
11498745
Next Accounts
264 days late
Shareholders
ronak singh
servak singh
Group Structure
View All
Industry
Retail sale of electrical household appliances in specialised stores
Registered Address
68 daisy bank road, manchester, M14 5QP
Website
-rtechgroup limited Estimated Valuation
Pomanda estimates the enterprise value of RTECHGROUP LIMITED at £310.2k based on a Turnover of £1.1m and 0.28x industry multiple (adjusted for size and gross margin).
rtechgroup limited Estimated Valuation
Pomanda estimates the enterprise value of RTECHGROUP LIMITED at £483.9k based on an EBITDA of £154.7k and a 3.13x industry multiple (adjusted for size and gross margin).
rtechgroup limited Estimated Valuation
Pomanda estimates the enterprise value of RTECHGROUP LIMITED at £674k based on Net Assets of £297.2k and 2.27x industry multiple (adjusted for liquidity).
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Rtechgroup Limited Overview
Rtechgroup Limited is a live company located in manchester, M14 5QP with a Companies House number of 11498745. It operates in the retail sale of electrical household appliances in specialised stores sector, SIC Code 47540. Founded in August 2018, it's largest shareholder is ronak singh with a 50% stake. Rtechgroup Limited is a young, small sized company, Pomanda has estimated its turnover at £1.1m with unknown growth in recent years.
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Rtechgroup Limited Health Check
Pomanda's financial health check has awarded Rtechgroup Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
6 Weak
Size
annual sales of £1.1m, make it smaller than the average company (£13.9m)
- Rtechgroup Limited
£13.9m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Rtechgroup Limited
- - Industry AVG
Production
with a gross margin of 19.8%, this company has a higher cost of product (26.5%)
- Rtechgroup Limited
26.5% - Industry AVG
Profitability
an operating margin of 13.1% make it more profitable than the average company (7.2%)
- Rtechgroup Limited
7.2% - Industry AVG
Employees
with 5 employees, this is below the industry average (44)
5 - Rtechgroup Limited
44 - Industry AVG
Pay Structure
on an average salary of £34.6k, the company has an equivalent pay structure (£34.6k)
- Rtechgroup Limited
£34.6k - Industry AVG
Efficiency
resulting in sales per employee of £225.5k, this is less efficient (£287.1k)
- Rtechgroup Limited
£287.1k - Industry AVG
Debtor Days
it gets paid by customers after 164 days, this is later than average (23 days)
- Rtechgroup Limited
23 days - Industry AVG
Creditor Days
its suppliers are paid after 142 days, this is slower than average (44 days)
- Rtechgroup Limited
44 days - Industry AVG
Stock Days
it holds stock equivalent to 17 days, this is less than average (84 days)
- Rtechgroup Limited
84 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (17 weeks)
0 weeks - Rtechgroup Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 55.2%, this is a lower level of debt than the average (61.7%)
55.2% - Rtechgroup Limited
61.7% - Industry AVG
RTECHGROUP LIMITED financials
Rtechgroup Limited's latest turnover from August 2022 is estimated at £1.1 million and the company has net assets of £297.2 thousand. According to their latest financial statements, Rtechgroup Limited has 5 employees and maintains cash reserves of £4.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2022 | Aug 2021 | Aug 2020 | Aug 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 | 5 | 1 | 1 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | |
|---|---|---|---|---|
| Tangible Assets | 110,065 | 14,790 | 11,054 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 110,065 | 14,790 | 11,054 | 0 |
| Stock & work in progress | 42,680 | 19,995 | 0 | 0 |
| Trade Debtors | 507,107 | 157,332 | 58,625 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 427,511 | 11,350 | 0 |
| Cash | 4,160 | 3,260 | 13,860 | 0 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 553,947 | 608,098 | 83,835 | 0 |
| total assets | 664,012 | 622,888 | 94,889 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 353,058 | 425,316 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 40,168 | 0 |
| total current liabilities | 353,058 | 425,316 | 40,168 | 0 |
| loans | 13,755 | 18,755 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 |
| total long term liabilities | 13,755 | 18,755 | 0 | 0 |
| total liabilities | 366,813 | 444,071 | 40,168 | 0 |
| net assets | 297,199 | 178,817 | 54,721 | 0 |
| total shareholders funds | 297,199 | 178,817 | 54,721 | 0 |
| Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 7,370 | 1,930 | 0 | |
| Amortisation | 0 | 0 | 0 | |
| Tax | ||||
| Stock | 22,685 | 19,995 | 0 | 0 |
| Debtors | -77,736 | 514,868 | 69,975 | 0 |
| Creditors | -72,258 | 425,316 | 0 | 0 |
| Accruals and Deferred Income | 0 | -40,168 | 40,168 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | -5,000 | 18,755 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 |
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | 900 | -10,600 | 13,860 | 0 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | 900 | -10,600 | 13,860 | 0 |
rtechgroup limited Credit Report and Business Information
Rtechgroup Limited Competitor Analysis
Perform a competitor analysis for rtechgroup limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in M14 area or any other competitors across 12 key performance metrics.
rtechgroup limited Ownership
RTECHGROUP LIMITED group structure
Rtechgroup Limited has no subsidiary companies.
Ultimate parent company
RTECHGROUP LIMITED
11498745
rtechgroup limited directors
Rtechgroup Limited currently has 3 directors. The longest serving directors include Mr Servak Singh (Apr 2019) and Mr Ronak Singh (May 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Servak Singh | England | 34 years | Apr 2019 | - | Director |
| Mr Ronak Singh | United Kingdom | 39 years | May 2022 | - | Director |
| Miss Courtney Miller-Campbell | England | 29 years | Mar 2023 | - | Director |
P&L
August 2022turnover
1.1m
+56%
operating profit
147.3k
0%
gross margin
19.8%
-6.26%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2022net assets
297.2k
+0.66%
total assets
664k
+0.07%
cash
4.2k
+0.28%
net assets
Total assets minus all liabilities
Similar Companies
rtechgroup limited company details
company number
11498745
Type
Private limited with Share Capital
industry
47540 - Retail sale of electrical household appliances in specialised stores
incorporation date
August 2018
age
7
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
August 2022
previous names
N/A
accountant
-
auditor
-
address
68 daisy bank road, manchester, M14 5QP
Bank
-
Legal Advisor
-
rtechgroup 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 rtechgroup limited.
rtechgroup limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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rtechgroup limited Companies House Filings - See Documents
| date | description | view/download |
|---|
