reliance worldwide distribution (europe) limited Company Information
Company Number
13753825
Next Accounts
Mar 2025
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
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
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
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
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3 Strong
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3 Regular
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5 Weak
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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
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Growth
There is insufficient data available for this Key Performance Indicator!
- Reliance Worldwide Distribution (europe) Limited
- - Industry AVG
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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
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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
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Employees
with 46 employees, this is below the industry average (59)
46 - Reliance Worldwide Distribution (europe) Limited
59 - Industry AVG
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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
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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
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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
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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
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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
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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
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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
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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 House, Pomanda Estimates
Jun 2023 | Jun 2022 | |
---|---|---|
Turnover | 23,075,937 | 3,171,607 |
Other Income Or Grants | ||
Cost Of Sales | 16,160,417 | 2,847,869 |
Gross Profit | 6,915,521 | 323,738 |
Admin Expenses | 6,366,277 | 359,614 |
Operating Profit | 549,244 | -35,876 |
Interest Payable | 128,983 | |
Interest Receivable | ||
Pre-Tax Profit | 420,261 | -35,876 |
Tax | -123,003 | 6,834 |
Profit After Tax | 297,258 | -29,042 |
Dividends Paid | ||
Retained Profit | 297,258 | -29,042 |
Employee Costs | 1,552,917 | |
Number Of Employees | 46 | |
EBITDA* | 609,892 | -35,876 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jun 2023 | Jun 2022 | |
---|---|---|
Tangible Assets | 169,983 | |
Intangible Assets | 87,982 | |
Investments & Other | ||
Debtors (Due After 1 year) | ||
Total Fixed Assets | 257,965 | |
Stock & work in progress | 4,503,289 | 4,448,620 |
Trade Debtors | 2,502,776 | 1,068,591 |
Group Debtors | 46,980 | 2,319,979 |
Misc Debtors | 24,771 | 158,879 |
Cash | 738,874 | 290,425 |
misc current assets | 27,334 | 528,743 |
total current assets | 7,844,025 | 8,815,239 |
total assets | 8,101,990 | 8,815,239 |
Bank overdraft | ||
Bank loan | ||
Trade Creditors | 134,108 | |
Group/Directors Accounts | 2,210,643 | 4,501,580 |
other short term finances | ||
hp & lease commitments | 26,479 | |
other current liabilities | 1,909,114 | 4,342,700 |
total current liabilities | 4,280,345 | 8,844,281 |
loans | ||
hp & lease commitments | ||
Accruals and Deferred Income | ||
other liabilities | ||
provisions | 307,508 | |
total long term liabilities | 307,508 | |
total liabilities | 4,587,853 | 8,844,281 |
net assets | 3,514,137 | -29,042 |
total shareholders funds | 3,514,137 | -29,042 |
Jun 2023 | Jun 2022 | |
---|---|---|
Operating Activities | ||
Operating Profit | 549,244 | -35,876 |
Depreciation | 60,647 | |
Amortisation | ||
Tax | -123,003 | 6,834 |
Stock | 54,668 | 4,448,620 |
Debtors | -972,922 | 3,547,450 |
Creditors | 134,108 | |
Accruals and Deferred Income | -2,433,586 | 4,342,700 |
Deferred Taxes & Provisions | 307,508 | |
Cash flow from operations | -586,828 | -3,682,412 |
Investing Activities | ||
capital expenditure | ||
Change in Investments | ||
cash flow from investments | ||
Financing Activities | ||
Bank loans | ||
Group/Directors Accounts | -2,290,937 | 4,501,580 |
Other Short Term Loans | ||
Long term loans | ||
Hire Purchase and Lease Commitments | 26,479 | |
other long term liabilities | ||
share issue | ||
interest | -128,983 | |
cash flow from financing | 852,480 | 4,501,580 |
cash and cash equivalents | ||
cash | 448,450 | 290,425 |
overdraft | ||
change in cash | 448,450 | 290,425 |
reliance worldwide distribution (europe) limited Credit Report and Business Information
Reliance Worldwide Distribution (europe) Limited Competitor Analysis
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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 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).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Thomas Van De Wiel | United Kingdom | 53 years | Nov 2021 | - | Director |
Mr Andrew Johnson | United Kingdom | 57 years | Nov 2021 | - | Director |
Mrs Sarah Brook | 57 years | Mar 2023 | - | Director | |
Mr Simon Curry | England | 53 years | Mar 2023 | - | Director |
Anisha Rayat | 37 years | Dec 2023 | - | Director |
P&L
June 2023turnover
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 2023net assets
3.5m
-122%
total assets
8.1m
-0.08%
cash
738.9k
+1.54%
net assets
Total assets minus all liabilities
Similar Companies
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
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
date | description | view/download |
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