reliance worldwide distribution (europe) limited

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reliance worldwide distribution (europe) limited Company Information

Share RELIANCE WORLDWIDE DISTRIBUTION (EUROPE) LIMITED

Company Number

13753825

Shareholders

reliance worldwide corporation (uk) limited

Group Structure

View All

Industry

Wholesale of hardware, plumbing and heating equipment and supplies

 

Registered Address

reliance worldwide corporation, horton road, west drayton, middlesex, UB7 8JL

Website

-

reliance worldwide distribution (europe) limited Estimated Valuation

£17.1m

Pomanda estimates the enterprise value of RELIANCE WORLDWIDE DISTRIBUTION (EUROPE) LIMITED at £17.1m based on a Turnover of £23.1m and 0.74x industry multiple (adjusted for size and gross margin).

reliance worldwide distribution (europe) limited Estimated Valuation

£4m

Pomanda estimates the enterprise value of RELIANCE WORLDWIDE DISTRIBUTION (EUROPE) LIMITED at £4m based on an EBITDA of £609.9k and a 6.62x industry multiple (adjusted for size and gross margin).

reliance worldwide distribution (europe) limited Estimated Valuation

£7.4m

Pomanda estimates the enterprise value of RELIANCE WORLDWIDE DISTRIBUTION (EUROPE) LIMITED at £7.4m based on Net Assets of £3.5m and 2.11x industry multiple (adjusted for liquidity).

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Reliance Worldwide Distribution (europe) Limited Overview

Reliance Worldwide Distribution (europe) Limited is a live company located in west drayton, UB7 8JL with a Companies House number of 13753825. It operates in the wholesale of hardware, plumbing and heating equipment and supplies sector, SIC Code 46740. Founded in November 2021, it's largest shareholder is reliance worldwide corporation (uk) limited with a 100% stake. Reliance Worldwide Distribution (europe) Limited is a startup, large sized company, Pomanda has estimated its turnover at £23.1m with unknown growth in recent years.

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Reliance Worldwide Distribution (europe) Limited Health Check

Pomanda's financial health check has awarded Reliance Worldwide Distribution (Europe) Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

3 Strong

positive_score

3 Regular

positive_score

5 Weak

size

Size

annual sales of £23.1m, make it larger than the average company (£18.1m)

£23.1m - Reliance Worldwide Distribution (europe) Limited

£18.1m - Industry AVG

growth

Growth

There is insufficient data available for this Key Performance Indicator!

- - Reliance Worldwide Distribution (europe) Limited

- - Industry AVG

production

Production

with a gross margin of 30%, this company has a comparable cost of product (27.5%)

30% - Reliance Worldwide Distribution (europe) Limited

27.5% - Industry AVG

profitability

Profitability

an operating margin of 2.4% make it less profitable than the average company (6.4%)

2.4% - Reliance Worldwide Distribution (europe) Limited

6.4% - Industry AVG

employees

Employees

with 46 employees, this is below the industry average (59)

46 - Reliance Worldwide Distribution (europe) Limited

59 - Industry AVG

paystructure

Pay Structure

on an average salary of £33.8k, the company has an equivalent pay structure (£40.6k)

£33.8k - Reliance Worldwide Distribution (europe) Limited

£40.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £501.7k, this is more efficient (£332.3k)

£501.7k - Reliance Worldwide Distribution (europe) Limited

£332.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 39 days, this is earlier than average (54 days)

39 days - Reliance Worldwide Distribution (europe) Limited

54 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 3 days, this is quicker than average (44 days)

3 days - Reliance Worldwide Distribution (europe) Limited

44 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 101 days, this is in line with average (101 days)

101 days - Reliance Worldwide Distribution (europe) Limited

101 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 8 weeks, this is less cash available to meet short term requirements (13 weeks)

8 weeks - Reliance Worldwide Distribution (europe) Limited

13 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 56.6%, this is a higher level of debt than the average (48.9%)

56.6% - Reliance Worldwide Distribution (europe) Limited

48.9% - Industry AVG

RELIANCE WORLDWIDE DISTRIBUTION (EUROPE) LIMITED financials

EXPORTms excel logo

Reliance Worldwide Distribution (Europe) Limited's latest turnover from June 2023 is £23.1 million and the company has net assets of £3.5 million. According to their latest financial statements, Reliance Worldwide Distribution (Europe) Limited has 46 employees and maintains cash reserves of £738.9 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jun 2023Jun 2022
Turnover23,075,9373,171,607
Other Income Or Grants
Cost Of Sales16,160,4172,847,869
Gross Profit6,915,521323,738
Admin Expenses6,366,277359,614
Operating Profit549,244-35,876
Interest Payable128,983
Interest Receivable
Pre-Tax Profit420,261-35,876
Tax-123,0036,834
Profit After Tax297,258-29,042
Dividends Paid
Retained Profit297,258-29,042
Employee Costs1,552,917
Number Of Employees4610
EBITDA*609,892-35,876

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jun 2023Jun 2022
Tangible Assets169,983
Intangible Assets87,982
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets257,965
Stock & work in progress4,503,2894,448,620
Trade Debtors2,502,7761,068,591
Group Debtors46,9802,319,979
Misc Debtors24,771158,879
Cash738,874290,425
misc current assets27,334528,743
total current assets7,844,0258,815,239
total assets8,101,9908,815,239
Bank overdraft
Bank loan
Trade Creditors 134,108
Group/Directors Accounts2,210,6434,501,580
other short term finances
hp & lease commitments26,479
other current liabilities1,909,1144,342,700
total current liabilities4,280,3458,844,281
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions307,508
total long term liabilities307,508
total liabilities4,587,8538,844,281
net assets3,514,137-29,042
total shareholders funds3,514,137-29,042
Jun 2023Jun 2022
Operating Activities
Operating Profit549,244-35,876
Depreciation60,647
Amortisation
Tax-123,0036,834
Stock54,6684,448,620
Debtors-972,9223,547,450
Creditors134,108
Accruals and Deferred Income-2,433,5864,342,700
Deferred Taxes & Provisions307,508
Cash flow from operations-586,828-3,682,412
Investing Activities
capital expenditure-318,612
Change in Investments
cash flow from investments-318,612
Financing Activities
Bank loans
Group/Directors Accounts-2,290,9374,501,580
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments26,479
other long term liabilities
share issue3,245,921
interest-128,983
cash flow from financing852,4804,501,580
cash and cash equivalents
cash448,450290,425
overdraft
change in cash448,450290,425

reliance worldwide distribution (europe) limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Reliance Worldwide Distribution (europe) Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for reliance worldwide distribution (europe) limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in UB7 area or any other competitors across 12 key performance metrics.

reliance worldwide distribution (europe) limited Ownership

RELIANCE WORLDWIDE DISTRIBUTION (EUROPE) LIMITED group structure

Reliance Worldwide Distribution (Europe) Limited has no subsidiary companies.

Ultimate parent company

RELIANCE WORLDWIDE CORP LTD

#0111104

2 parents

RELIANCE WORLDWIDE DISTRIBUTION (EUROPE) LIMITED

13753825

RELIANCE WORLDWIDE DISTRIBUTION (EUROPE) LIMITED Shareholders

reliance worldwide corporation (uk) limited 100%

reliance worldwide distribution (europe) limited directors

Reliance Worldwide Distribution (Europe) Limited currently has 5 directors. The longest serving directors include Mr Thomas Van De Wiel (Nov 2021) and Mr Andrew Johnson (Nov 2021).

officercountryagestartendrole
Mr Thomas Van De WielUnited Kingdom53 years Nov 2021- Director
Mr Andrew JohnsonUnited Kingdom57 years Nov 2021- Director
Mrs Sarah Brook57 years Mar 2023- Director
Mr Simon CurryEngland53 years Mar 2023- Director
Anisha Rayat37 years Dec 2023- Director

P&L

June 2023

turnover

23.1m

+628%

operating profit

549.2k

-1631%

gross margin

30%

+193.6%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

June 2023

net assets

3.5m

-122%

total assets

8.1m

-0.08%

cash

738.9k

+1.54%

net assets

Total assets minus all liabilities

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reliance worldwide distribution (europe) limited company details

company number

13753825

Type

Private limited with Share Capital

industry

46740 - Wholesale of hardware, plumbing and heating equipment and supplies

incorporation date

November 2021

age

4

incorporated

UK

ultimate parent company

RELIANCE WORLDWIDE CORP LTD

accounts

Full Accounts

last accounts submitted

June 2023

previous names

N/A

accountant

-

auditor

KPMG LLP

address

reliance worldwide corporation, horton road, west drayton, middlesex, UB7 8JL

Bank

-

Legal Advisor

-

reliance worldwide distribution (europe) 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 reliance worldwide distribution (europe) limited.

reliance worldwide distribution (europe) 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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reliance worldwide distribution (europe) limited Companies House Filings - See Documents

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