reim lending limited
reim lending limited Company Information
Company Number
13573171
Next Accounts
32 days late
Shareholders
ics investments limited
evolute prospects limited
Group Structure
View All
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
+1Registered Address
c/o tc group 6th floor, king's house, 9-10 haymarket, london, SW1Y 4BP
Website
-reim lending limited Estimated Valuation
Pomanda estimates the enterprise value of REIM LENDING LIMITED at £148.7m based on a Turnover of £52.3m and 2.84x industry multiple (adjusted for size and gross margin).
reim lending limited Estimated Valuation
Pomanda estimates the enterprise value of REIM LENDING LIMITED at £32.7m based on an EBITDA of £3.2m and a 10.07x industry multiple (adjusted for size and gross margin).
reim lending limited Estimated Valuation
Pomanda estimates the enterprise value of REIM LENDING LIMITED at £722k based on Net Assets of £452k and 1.6x industry multiple (adjusted for liquidity).
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Reim Lending Limited Overview
Reim Lending Limited is a live company located in 9-10 haymarket, SW1Y 4BP with a Companies House number of 13573171. It operates in the other credit granting n.e.c. sector, SIC Code 64929. Founded in August 2021, it's largest shareholder is ics investments limited with a 50% stake. Reim Lending Limited is a startup, large sized company, Pomanda has estimated its turnover at £52.3m with unknown growth in recent years.
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Reim Lending Limited Health Check
Pomanda's financial health check has awarded Reim Lending Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
5 Weak
Size
annual sales of £52.3m, make it larger than the average company (£4m)
- Reim Lending Limited
£4m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Reim Lending Limited
- - Industry AVG
Production
with a gross margin of 61.5%, this company has a comparable cost of product (61.5%)
- Reim Lending Limited
61.5% - Industry AVG
Profitability
an operating margin of 6.2% make it less profitable than the average company (17.1%)
- Reim Lending Limited
17.1% - Industry AVG
Employees
with 2 employees, this is below the industry average (9)
2 - Reim Lending Limited
9 - Industry AVG
Pay Structure
on an average salary of £65.7k, the company has an equivalent pay structure (£65.7k)
- Reim Lending Limited
£65.7k - Industry AVG
Efficiency
resulting in sales per employee of £26.2m, this is more efficient (£279.5k)
- Reim Lending Limited
£279.5k - Industry AVG
Debtor Days
it gets paid by customers after 352 days, this is later than average (127 days)
- Reim Lending Limited
127 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Reim Lending Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Reim Lending Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 14 weeks, this is less cash available to meet short term requirements (21 weeks)
14 weeks - Reim Lending Limited
21 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 99.1%, this is a higher level of debt than the average (79.1%)
99.1% - Reim Lending Limited
79.1% - Industry AVG
REIM LENDING LIMITED financials
Reim Lending Limited's latest turnover from May 2023 is estimated at £52.3 million and the company has net assets of £452 thousand. According to their latest financial statements, Reim Lending Limited has 2 employees and maintains cash reserves of £114 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | |
|---|---|---|
| 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 | 2 | 2 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | |
|---|---|---|
| Tangible Assets | ||
| Intangible Assets | ||
| Investments & Other | ||
| Debtors (Due After 1 year) | ||
| Total Fixed Assets | ||
| Stock & work in progress | ||
| Trade Debtors | 50,515,648 | 19,848,199 |
| Group Debtors | ||
| Misc Debtors | 1,516,252 | 1,538,915 |
| Cash | 113,962 | 385 |
| misc current assets | ||
| total current assets | 52,145,862 | 21,387,499 |
| total assets | 52,145,862 | 21,387,499 |
| Bank overdraft | ||
| Bank loan | ||
| Trade Creditors | 19,836,784 | |
| Group/Directors Accounts | ||
| other short term finances | ||
| hp & lease commitments | ||
| other current liabilities | 411,279 | 1,518,231 |
| total current liabilities | 411,279 | 21,355,015 |
| loans | 51,282,598 | |
| hp & lease commitments | ||
| Accruals and Deferred Income | ||
| other liabilities | ||
| provisions | ||
| total long term liabilities | 51,282,598 | |
| total liabilities | 51,693,877 | 21,355,015 |
| net assets | 451,985 | 32,484 |
| total shareholders funds | 451,985 | 32,484 |
| May 2023 | May 2022 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | ||
| Depreciation | ||
| Amortisation | ||
| Tax | ||
| Stock | ||
| Debtors | 30,644,786 | 21,387,114 |
| Creditors | -19,836,784 | 19,836,784 |
| Accruals and Deferred Income | -1,106,952 | 1,518,231 |
| Deferred Taxes & Provisions | ||
| Cash flow from operations | ||
| Investing Activities | ||
| capital expenditure | ||
| Change in Investments | ||
| cash flow from investments | ||
| Financing Activities | ||
| Bank loans | ||
| Group/Directors Accounts | ||
| Other Short Term Loans | ||
| Long term loans | 51,282,598 | |
| Hire Purchase and Lease Commitments | ||
| other long term liabilities | ||
| share issue | ||
| interest | ||
| cash flow from financing | ||
| cash and cash equivalents | ||
| cash | 113,577 | 385 |
| overdraft | ||
| change in cash | 113,577 | 385 |
reim lending limited Credit Report and Business Information
Reim Lending Limited Competitor Analysis
Perform a competitor analysis for reim lending limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in SW1Y area or any other competitors across 12 key performance metrics.
reim lending limited Ownership
REIM LENDING LIMITED group structure
Reim Lending Limited has no subsidiary companies.
Ultimate parent company
REIM LENDING LIMITED
13573171
reim lending limited directors
Reim Lending Limited currently has 2 directors. The longest serving directors include Mr Amar Khiroya (Aug 2021) and Mr Kunal Vaitha (Aug 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Amar Khiroya | United Kingdom | 32 years | Aug 2021 | - | Director |
| Mr Kunal Vaitha | England | 32 years | Aug 2021 | - | Director |
P&L
May 2023turnover
52.3m
+104%
operating profit
3.2m
0%
gross margin
61.6%
-5.44%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
452k
+12.91%
total assets
52.1m
+1.44%
cash
114k
+295.01%
net assets
Total assets minus all liabilities
Similar Companies
reim lending limited company details
company number
13573171
Type
Private limited with Share Capital
industry
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
64929 - Other credit granting (not including credit granting by non-deposit taking finance houses and other specialist consumer credit grantors and activities of mortgage finance companies) n.e.c.
incorporation date
August 2021
age
4
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
May 2023
previous names
N/A
accountant
TC GROUP
auditor
-
address
c/o tc group 6th floor, king's house, 9-10 haymarket, london, SW1Y 4BP
Bank
-
Legal Advisor
-
reim lending 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 18 charges/mortgages relating to reim lending limited. Currently there are 7 open charges and 11 have been satisfied in the past.
reim lending 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.
Click to start generating capital raising & share issue transactions for REIM LENDING LIMITED. This can take several minutes, an email will notify you when this has completed.
reim lending limited Companies House Filings - See Documents
| date | description | view/download |
|---|
