ravel 123 limited
ravel 123 limited Company Information
Company Number
11723108
Website
http://archway-systems.comRegistered Address
unit 5 commerce park, 19 commerce way, croydon, surrey, CR0 4YL
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Telephone
01494539909
Next Accounts Due
March 2025
Group Structure
View All
Shareholders
westbridge ii gp llp 70%
kevin pay 15%
View Allravel 123 limited Estimated Valuation
Pomanda estimates the enterprise value of RAVEL 123 LIMITED at £33.1m based on a Turnover of £18.9m and 1.75x industry multiple (adjusted for size and gross margin).
ravel 123 limited Estimated Valuation
Pomanda estimates the enterprise value of RAVEL 123 LIMITED at £18.9m based on an EBITDA of £2.9m and a 6.65x industry multiple (adjusted for size and gross margin).
ravel 123 limited Estimated Valuation
Pomanda estimates the enterprise value of RAVEL 123 LIMITED at £0 based on Net Assets of £-6.4m and 1.71x industry multiple (adjusted for liquidity).
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Ravel 123 Limited Overview
Ravel 123 Limited is a live company located in croydon, CR0 4YL with a Companies House number of 11723108. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in December 2018, it's largest shareholder is westbridge ii gp llp with a 70% stake. Ravel 123 Limited is a young, mid sized company, Pomanda has estimated its turnover at £18.9m with declining growth in recent years.
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Ravel 123 Limited Health Check
Pomanda's financial health check has awarded Ravel 123 Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
1 Strong
5 Regular
6 Weak
Size
annual sales of £18.9m, make it in line with the average company (£19.3m)
£18.9m - Ravel 123 Limited
£19.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (8.3%)
-2% - Ravel 123 Limited
8.3% - Industry AVG
Production
with a gross margin of 30.7%, this company has a comparable cost of product (34.7%)
30.7% - Ravel 123 Limited
34.7% - Industry AVG
Profitability
an operating margin of 4.1% make it as profitable than the average company (4.6%)
4.1% - Ravel 123 Limited
4.6% - Industry AVG
Employees
with 134 employees, this is above the industry average (108)
134 - Ravel 123 Limited
108 - Industry AVG
Pay Structure
on an average salary of £35.4k, the company has an equivalent pay structure (£42.9k)
£35.4k - Ravel 123 Limited
£42.9k - Industry AVG
Efficiency
resulting in sales per employee of £140.9k, this is less efficient (£186.6k)
£140.9k - Ravel 123 Limited
£186.6k - Industry AVG
Debtor Days
it gets paid by customers after 40 days, this is near the average (46 days)
40 days - Ravel 123 Limited
46 days - Industry AVG
Creditor Days
its suppliers are paid after 40 days, this is quicker than average (45 days)
40 days - Ravel 123 Limited
45 days - Industry AVG
Stock Days
it holds stock equivalent to 48 days, this is more than average (39 days)
48 days - Ravel 123 Limited
39 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (15 weeks)
5 weeks - Ravel 123 Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 132.5%, this is a higher level of debt than the average (69.4%)
132.5% - Ravel 123 Limited
69.4% - Industry AVG
ravel 123 limited Credit Report and Business Information
Ravel 123 Limited Competitor Analysis
Perform a competitor analysis for ravel 123 limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
ravel 123 limited Ownership
RAVEL 123 LIMITED group structure
Ravel 123 Limited has 1 subsidiary company.
Ultimate parent company
1 parent
RAVEL 123 LIMITED
11723108
1 subsidiary
ravel 123 limited directors
Ravel 123 Limited currently has 6 directors. The longest serving directors include Mr James Wakefield (Dec 2018) and Mr James Wakefield (Dec 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James Wakefield | United Kingdom | 57 years | Dec 2018 | - | Director |
| Mr James Wakefield | Wales | 57 years | Dec 2018 | - | Director |
| Mr Kevin Pay | England | 57 years | Mar 2019 | - | Director |
| Mr Edward Minton | England | 37 years | Aug 2019 | - | Director |
| Mr Timothy Roe | 61 years | Oct 2020 | - | Director | |
| Mr David Nuth | England | 50 years | Apr 2022 | - | Director |
RAVEL 123 LIMITED financials
Ravel 123 Limited's latest turnover from June 2023 is £18.9 million and the company has net assets of -£6.4 million. According to their latest financial statements, Ravel 123 Limited has 134 employees and maintains cash reserves of £2.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Feb 2019 | |
|---|---|---|---|---|---|
| Turnover | 18,875,462 | 15,314,091 | 17,168,671 | 20,327,147 | |
| Other Income Or Grants | 0 | 0 | 0 | 0 | |
| Cost Of Sales | 13,073,420 | 11,216,137 | 11,883,855 | 14,989,590 | |
| Gross Profit | 5,802,042 | 4,097,954 | 5,284,816 | 5,337,557 | |
| Admin Expenses | 5,027,792 | 3,777,101 | 4,215,439 | 5,462,911 | |
| Operating Profit | 774,250 | 320,853 | 1,069,377 | -125,354 | |
| Interest Payable | 1,447,792 | 1,783,142 | 2,550,038 | 2,376,671 | |
| Interest Receivable | 419 | 28 | 10 | 1,440 | |
| Pre-Tax Profit | -673,123 | -1,462,261 | -1,480,651 | -2,500,585 | |
| Tax | -158,233 | -13,860 | -100,454 | -59,525 | |
| Profit After Tax | -831,356 | -1,476,121 | -1,581,105 | -2,560,110 | |
| Dividends Paid | 0 | 0 | 0 | 0 | |
| Retained Profit | -831,356 | -1,476,121 | -1,581,105 | -2,560,110 | |
| Employee Costs | 4,749,645 | 4,123,056 | 3,943,168 | 5,262,283 | |
| Number Of Employees | 134 | 131 | 113 | 118 | |
| EBITDA* | 2,850,816 | 2,061,947 | 2,346,761 | 1,724,564 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Feb 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 9,617,107 | 8,755,129 | 6,240,451 | 5,849,166 | 0 |
| Intangible Assets | 1,771,372 | 2,083,967 | 2,396,562 | 2,709,157 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 78,545 | 0 | 0 | 0 |
| Total Fixed Assets | 11,388,479 | 10,917,641 | 8,637,013 | 8,558,323 | 0 |
| Stock & work in progress | 1,743,517 | 1,535,224 | 1,535,317 | 1,193,618 | 0 |
| Trade Debtors | 2,112,944 | 1,774,020 | 3,446,830 | 4,563,417 | 0 |
| Group Debtors | 0 | 0 | 149,935 | 0 | 0 |
| Misc Debtors | 2,104,276 | 2,802,741 | 1,867,616 | 1,601,864 | 0 |
| Cash | 2,225,798 | 1,491,382 | 2,715,336 | 1,532,058 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 8,186,535 | 7,603,367 | 9,715,034 | 8,890,957 | 0 |
| total assets | 19,575,014 | 18,521,008 | 18,352,047 | 17,449,280 | 0 |
| Bank overdraft | 0 | 1,098 | 43,493 | 0 | 0 |
| Bank loan | 180,000 | 180,000 | 0 | 0 | 0 |
| Trade Creditors | 1,438,798 | 1,332,760 | 2,374,333 | 3,412,401 | 0 |
| Group/Directors Accounts | 0 | 0 | 149,935 | 0 | 0 |
| other short term finances | 8,720,056 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 1,252,913 | 1,907,257 | 1,458,088 | 1,702,650 | 0 |
| other current liabilities | 8,812,256 | 7,083,948 | 6,495,970 | 5,734,782 | 0 |
| total current liabilities | 20,404,023 | 10,505,063 | 10,521,819 | 10,849,833 | 0 |
| loans | 540,000 | 9,200,401 | 8,757,077 | 6,218,111 | 0 |
| hp & lease commitments | 4,380,366 | 3,659,160 | 2,602,014 | 2,680,177 | 0 |
| Accruals and Deferred Income | 102,746 | 119,871 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 503,965 | 484,211 | 512,352 | 161,269 | 0 |
| total long term liabilities | 5,527,077 | 13,463,643 | 11,871,443 | 9,059,557 | 0 |
| total liabilities | 25,931,100 | 23,968,706 | 22,393,262 | 19,909,390 | 0 |
| net assets | -6,356,086 | -5,447,698 | -4,041,215 | -2,460,110 | 0 |
| total shareholders funds | -6,356,086 | -5,447,698 | -4,041,215 | -2,460,110 | 0 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Feb 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | 774,250 | 320,853 | 1,069,377 | -125,354 | |
| Depreciation | 1,763,971 | 1,428,499 | 964,789 | 1,433,125 | |
| Amortisation | 312,595 | 312,595 | 312,595 | 416,793 | |
| Tax | -158,233 | -13,860 | -100,454 | -59,525 | |
| Stock | 208,293 | -93 | 341,699 | 1,193,618 | 0 |
| Debtors | -438,086 | -809,075 | -700,900 | 6,165,281 | 0 |
| Creditors | 106,038 | -1,041,573 | -1,038,068 | 3,412,401 | 0 |
| Accruals and Deferred Income | 1,711,183 | 707,849 | 761,188 | 5,734,782 | 0 |
| Deferred Taxes & Provisions | 19,754 | -28,141 | 351,083 | 161,269 | 0 |
| Cash flow from operations | 4,759,351 | 2,495,390 | 2,679,711 | 3,614,592 | |
| Investing Activities | |||||
| capital expenditure | 0 | 0 | 0 | 0 | |
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | |
| Financing Activities | |||||
| Bank loans | 0 | 180,000 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | -149,935 | 149,935 | 0 | 0 |
| Other Short Term Loans | 8,720,056 | 0 | 0 | 0 | 0 |
| Long term loans | -8,660,401 | 443,324 | 2,538,966 | 6,218,111 | 0 |
| Hire Purchase and Lease Commitments | 66,862 | 1,506,315 | -322,725 | 4,382,827 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | -1,447,373 | -1,783,114 | -2,550,028 | -2,375,231 | |
| cash flow from financing | -1,397,888 | 266,228 | -183,852 | 8,325,707 | |
| cash and cash equivalents | |||||
| cash | 734,416 | -1,223,954 | 1,183,278 | 1,532,058 | 0 |
| overdraft | -1,098 | -42,395 | 43,493 | 0 | 0 |
| change in cash | 735,514 | -1,181,559 | 1,139,785 | 1,532,058 | 0 |
P&L
June 2023turnover
18.9m
+23%
operating profit
774.3k
+141%
gross margin
30.8%
+14.87%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
-6.4m
+0.17%
total assets
19.6m
+0.06%
cash
2.2m
+0.49%
net assets
Total assets minus all liabilities
Similar Companies
ravel 123 limited company details
company number
11723108
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
December 2018
age
6
accounts
Group
ultimate parent company
previous names
N/A
incorporated
UK
address
unit 5 commerce park, 19 commerce way, croydon, surrey, CR0 4YL
last accounts submitted
June 2023
ravel 123 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 ravel 123 limited.
ravel 123 limited Companies House Filings - See Documents
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