recovery connections enterprise limited
recovery connections enterprise limited Company Information
Company Number
12079629
Registered Address
bedford house 1st floor, 112 linthorpe road, middlesbrough, TS1 2JR
Industry
Licensed restaurants
Telephone
01642351976
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
recovery connections 100%
recovery connections enterprise limited Estimated Valuation
Pomanda estimates the enterprise value of RECOVERY CONNECTIONS ENTERPRISE LIMITED at £262.1k based on a Turnover of £414.8k and 0.63x industry multiple (adjusted for size and gross margin).
recovery connections enterprise limited Estimated Valuation
Pomanda estimates the enterprise value of RECOVERY CONNECTIONS ENTERPRISE LIMITED at £0 based on an EBITDA of £-36.9k and a 4.73x industry multiple (adjusted for size and gross margin).
recovery connections enterprise limited Estimated Valuation
Pomanda estimates the enterprise value of RECOVERY CONNECTIONS ENTERPRISE LIMITED at £0 based on Net Assets of £-216.6k and 0.32x industry multiple (adjusted for liquidity).
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Recovery Connections Enterprise Limited Overview
Recovery Connections Enterprise Limited is a live company located in middlesbrough, TS1 2JR with a Companies House number of 12079629. It operates in the licenced restaurants sector, SIC Code 56101. Founded in July 2019, it's largest shareholder is recovery connections with a 100% stake. Recovery Connections Enterprise Limited is a young, micro sized company, Pomanda has estimated its turnover at £414.8k with low growth in recent years.
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Recovery Connections Enterprise Limited Health Check
Pomanda's financial health check has awarded Recovery Connections Enterprise Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
8 Weak
Size
annual sales of £414.8k, make it smaller than the average company (£1.6m)
- Recovery Connections Enterprise Limited
£1.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (3.4%)
- Recovery Connections Enterprise Limited
3.4% - Industry AVG
Production
with a gross margin of 56.9%, this company has a comparable cost of product (56.9%)
- Recovery Connections Enterprise Limited
56.9% - Industry AVG
Profitability
an operating margin of -12.5% make it less profitable than the average company (3.9%)
- Recovery Connections Enterprise Limited
3.9% - Industry AVG
Employees
with 13 employees, this is below the industry average (36)
13 - Recovery Connections Enterprise Limited
36 - Industry AVG
Pay Structure
on an average salary of £18.8k, the company has an equivalent pay structure (£18.8k)
- Recovery Connections Enterprise Limited
£18.8k - Industry AVG
Efficiency
resulting in sales per employee of £31.9k, this is less efficient (£50.4k)
- Recovery Connections Enterprise Limited
£50.4k - Industry AVG
Debtor Days
it gets paid by customers after 3 days, this is earlier than average (6 days)
- Recovery Connections Enterprise Limited
6 days - Industry AVG
Creditor Days
its suppliers are paid after 4 days, this is quicker than average (46 days)
- Recovery Connections Enterprise Limited
46 days - Industry AVG
Stock Days
it holds stock equivalent to 2 days, this is less than average (13 days)
- Recovery Connections Enterprise Limited
13 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (14 weeks)
0 weeks - Recovery Connections Enterprise Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 393.9%, this is a higher level of debt than the average (86.1%)
393.9% - Recovery Connections Enterprise Limited
86.1% - Industry AVG
RECOVERY CONNECTIONS ENTERPRISE LIMITED financials
Recovery Connections Enterprise Limited's latest turnover from March 2023 is estimated at £414.8 thousand and the company has net assets of -£216.6 thousand. According to their latest financial statements, Recovery Connections Enterprise Limited has 13 employees and maintains cash reserves of £4.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | |
|---|---|---|---|---|
| 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 | 13 | 8 | 13 | 12 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | |
|---|---|---|---|---|
| Tangible Assets | 56,604 | 67,540 | 25,736 | 8,565 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 56,604 | 67,540 | 25,736 | 8,565 |
| Stock & work in progress | 1,082 | 952 | 1,843 | 2,797 |
| Trade Debtors | 4,150 | 3,204 | 1,348 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 7,242 | 4,264 | 10,861 | 2,655 |
| Cash | 4,622 | 8,298 | 49,554 | 1,149 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 17,096 | 16,718 | 63,606 | 6,601 |
| total assets | 73,700 | 84,258 | 89,342 | 15,166 |
| Bank overdraft | 3,151 | 3,043 | 0 | 0 |
| Bank loan | 0 | 0 | 2,503 | 0 |
| Trade Creditors | 2,225 | 7,485 | 16,341 | 4,942 |
| Group/Directors Accounts | 244,766 | 174,535 | 63,487 | 34,462 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 18,914 | 37,197 | 19,444 | 19,642 |
| total current liabilities | 269,056 | 222,260 | 101,775 | 59,046 |
| loans | 21,272 | 24,423 | 27,497 | 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 | 21,272 | 24,423 | 27,497 | 0 |
| total liabilities | 290,328 | 246,683 | 129,272 | 59,046 |
| net assets | -216,628 | -162,425 | -39,930 | -43,880 |
| total shareholders funds | -216,628 | -162,425 | -39,930 | -43,880 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 14,879 | 12,294 | 3,010 | 493 |
| Amortisation | 0 | 0 | 0 | 0 |
| Tax | ||||
| Stock | 130 | -891 | -954 | 2,797 |
| Debtors | 3,924 | -4,741 | 9,554 | 2,655 |
| Creditors | -5,260 | -8,856 | 11,399 | 4,942 |
| Accruals and Deferred Income | -18,283 | 17,753 | -198 | 19,642 |
| 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 | -2,503 | 2,503 | 0 |
| Group/Directors Accounts | 70,231 | 111,048 | 29,025 | 34,462 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | -3,151 | -3,074 | 27,497 | 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 | -3,676 | -41,256 | 48,405 | 1,149 |
| overdraft | 108 | 3,043 | 0 | 0 |
| change in cash | -3,784 | -44,299 | 48,405 | 1,149 |
recovery connections enterprise limited Credit Report and Business Information
Recovery Connections Enterprise Limited Competitor Analysis
Perform a competitor analysis for recovery connections enterprise limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other micro companies, companies in TS1 area or any other competitors across 12 key performance metrics.
recovery connections enterprise limited Ownership
RECOVERY CONNECTIONS ENTERPRISE LIMITED group structure
Recovery Connections Enterprise Limited has no subsidiary companies.
Ultimate parent company
RECOVERY CONNECTIONS ENTERPRISE LIMITED
12079629
recovery connections enterprise limited directors
Recovery Connections Enterprise Limited currently has 2 directors. The longest serving directors include Ms Suzanne Hague (Jul 2019) and Mrs Ursula Hicks (Jul 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Suzanne Hague | England | 55 years | Jul 2019 | - | Director |
| Mrs Ursula Hicks | England | 81 years | Jul 2019 | - | Director |
P&L
March 2023turnover
414.8k
+101%
operating profit
-51.8k
0%
gross margin
56.9%
-2.04%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-216.6k
+0.33%
total assets
73.7k
-0.13%
cash
4.6k
-0.44%
net assets
Total assets minus all liabilities
Similar Companies
recovery connections enterprise limited company details
company number
12079629
Type
Private limited with Share Capital
industry
56101 - Licensed restaurants
incorporation date
July 2019
age
5
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
March 2023
address
bedford house 1st floor, 112 linthorpe road, middlesbrough, TS1 2JR
accountant
ANDERSON BARROWCLIFF LLP
auditor
-
recovery connections enterprise 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 recovery connections enterprise limited.
recovery connections enterprise limited Companies House Filings - See Documents
| date | description | view/download |
|---|
