Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Registered Address
1b paardeberg road, bodmin, cornwall, PL31 1EY
Website
-
r&d developments 2021 limitedEstimated Valuation
£2.5m
Pomanda estimates the enterprise value of R&D DEVELOPMENTS 2021 LIMITED at £2.5m based on a Turnover of £778.1k and 3.26x industry multiple (adjusted for size and gross margin).
r&d developments 2021 limitedEstimated Valuation
£3.9m
Pomanda estimates the enterprise value of R&D DEVELOPMENTS 2021 LIMITED at £3.9m based on an EBITDA of £608.3k and a 6.36x industry multiple (adjusted for size and gross margin).
r&d developments 2021 limitedEstimated Valuation
£130.1k
Pomanda estimates the enterprise value of R&D DEVELOPMENTS 2021 LIMITED at £130.1k based on Net Assets of £77.3k and 1.68x industry multiple (adjusted for liquidity).
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R&d Developments 2021 LimitedOverview
R&d Developments 2021 Limited is a live company located in cornwall, PL31 1EY with a Companies House number of 13253980. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in March 2021, it's largest shareholder is
r & d properties group ltd
with a 100% stake. R&d Developments 2021 Limited is a startup,
small sized company, Pomanda has estimated its turnover at
£778.1k with
unknown
growth in recent years.
Pomanda's financial health check has awarded R&D Developments 2021 Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating4out of 5
4 Strong
3 Regular
4 Weak
Size
annual sales of £778.1k, make it in line with the average company (£922k)
£778.1k - R&d Developments 2021 Limited
£922k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - R&d Developments 2021 Limited
- - Industry AVG
Production
with a gross margin of 75.4%, this company has a comparable cost of product (75.4%)
75.4% - R&d Developments 2021 Limited
75.4% - Industry AVG
Profitability
an operating margin of 78.2% make it more profitable than the average company (29.3%)
78.2% - R&d Developments 2021 Limited
29.3% - Industry AVG
Employees
with 2 employees, this is below the industry average (4)
2 - R&d Developments 2021 Limited
4 - Industry AVG
Pay Structure
on an average salary of £32.4k, the company has an equivalent pay structure (£32.4k)
£32.4k - R&d Developments 2021 Limited
£32.4k - Industry AVG
Efficiency
resulting in sales per employee of £389k, this is more efficient (£177k)
£389k - R&d Developments 2021 Limited
£177k - Industry AVG
Debtor Days
it gets paid by customers after 1 days, this is earlier than average (30 days)
1 days - R&d Developments 2021 Limited
30 days - Industry AVG
Creditor Days
its suppliers are paid after 889 days, this is slower than average (38 days)
889 days - R&d Developments 2021 Limited
38 days - Industry AVG
Stock Days
it holds stock equivalent to 13271 days, this is more than average (52 days)
13271 days - R&d Developments 2021 Limited
52 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 0 weeks, this is less cash available to meet short term requirements (11 weeks)
0 weeks - R&d Developments 2021 Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 99%, this is a higher level of debt than the average (64.6%)
99% - R&d Developments 2021 Limited
64.6% - Industry AVG
R&D DEVELOPMENTS 2021 LIMITED financials
EXPORT
R&D Developments 2021 Limited's latest turnover from March 2024 is estimated at £778.1 thousand and the company has net assets of £77.3 thousand. According to their latest financial statements, R&D Developments 2021 Limited has 2 employees and maintains cash reserves of £7 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Turnover
778,089
558,037
707,919
Other Income Or Grants
Cost Of Sales
191,333
140,196
176,445
Gross Profit
586,756
417,840
531,474
Admin Expenses
-21,528
35,415
442,508
Operating Profit
608,284
382,425
88,966
Interest Payable
592,862
304,820
90,055
Interest Receivable
2,895
2,219
4
Pre-Tax Profit
18,317
79,823
-1,085
Tax
-4,579
-15,166
Profit After Tax
13,738
64,657
-1,085
Dividends Paid
Retained Profit
13,738
64,657
-1,085
Employee Costs
64,786
60,755
59,451
Number Of Employees
2
2
2
EBITDA*
608,284
382,425
88,966
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Tangible Assets
Intangible Assets
Investments & Other
790,000
Debtors (Due After 1 year)
Total Fixed Assets
790,000
Stock & work in progress
6,956,826
3,239,369
2,666,854
Trade Debtors
2,162
Group Debtors
Misc Debtors
86,351
85,299
Cash
6,986
103,297
1,108
misc current assets
total current assets
7,052,325
3,427,965
2,667,962
total assets
7,842,325
3,427,965
2,667,962
Bank overdraft
2,668,295
Bank loan
Trade Creditors
466,482
5,765
Group/Directors Accounts
other short term finances
7,260,352
3,279,413
hp & lease commitments
other current liabilities
38,179
79,213
750
total current liabilities
7,765,013
3,364,391
2,669,045
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
7,765,013
3,364,391
2,669,045
net assets
77,312
63,574
-1,083
total shareholders funds
77,312
63,574
-1,083
Mar 2024
Mar 2023
Mar 2022
Operating Activities
Operating Profit
608,284
382,425
88,966
Depreciation
Amortisation
Tax
-4,579
-15,166
Stock
3,717,457
572,515
2,666,854
Debtors
3,214
85,299
Creditors
460,717
5,765
Accruals and Deferred Income
-41,034
78,463
750
Deferred Taxes & Provisions
Cash flow from operations
-2,697,283
-206,327
-2,577,138
Investing Activities
capital expenditure
Change in Investments
790,000
cash flow from investments
-790,000
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
3,980,939
3,279,413
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
2
interest
-589,967
-302,601
-90,051
cash flow from financing
3,390,972
2,976,812
-90,049
cash and cash equivalents
cash
-96,311
102,189
1,108
overdraft
-2,668,295
2,668,295
change in cash
-96,311
2,770,484
-2,667,187
r&d developments 2021 limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for r&d developments 2021 limited. Get real-time insights into r&d developments 2021 limited's credit score, group structure and payment trends.
Perform a competitor analysis for r&d developments 2021 limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in PL31 area or any other competitors across 12 key performance metrics.
r&d developments 2021 limited Ownership
R&D DEVELOPMENTS 2021 LIMITED group structure
R&D Developments 2021 Limited has no subsidiary companies.
Ultimate parent company
R&D DEVELOPMENTS 2021 LIMITED
13253980
R&D DEVELOPMENTS 2021 LIMITED Shareholders
The sole shareholder of R&D Developments 2021 Limited is R & D Properties Group Ltd.
r & d properties group ltd
100%
r&d developments 2021 limited directors
R&D Developments 2021 Limited currently has 2 directors.
The longest serving directors include
Mr Robert Taylor (Mar 2021) and
Mr Douglas Anderson (Mar 2021).
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024
net assets
77.3k
+0.22%
total assets
7.8m
+1.29%
cash
7k
-0.93%
net assets
Total assets minus all liabilities
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r&d developments 2021 limited company details
company number
13253980
Type
Private limited with Share Capital
industry
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
March 2021
age
4
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
N/A
accountant
WHYFIELD LTD
auditor
-
address
1b paardeberg road, bodmin, cornwall, PL31 1EY
Bank
-
Legal Advisor
-
r&d developments 2021 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 found 1 charges/mortgages relating to r&d developments 2021 limited. Currently there are 0 open charges and 1 have been satisfied in the past.
r&d developments 2021 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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r&d developments 2021 limitedCompanies House Filings - See Documents
