rkingscompetitions ltd
rkingscompetitions ltd Company Information
Company Number
NI656489
Next Accounts
Jul 2025
Industry
Other amusement and recreation activities
Shareholders
golden matrix group inc.
Group Structure
View All
Contact
Registered Address
unit b mill road, bessbrook, newry, BT35 7DT
Website
-rkingscompetitions ltd Estimated Valuation
Pomanda estimates the enterprise value of RKINGSCOMPETITIONS LTD at £3.7m based on a Turnover of £616k and 6x industry multiple (adjusted for size and gross margin).
rkingscompetitions ltd Estimated Valuation
Pomanda estimates the enterprise value of RKINGSCOMPETITIONS LTD at £67m based on an EBITDA of £2.3m and a 29.36x industry multiple (adjusted for size and gross margin).
rkingscompetitions ltd Estimated Valuation
Pomanda estimates the enterprise value of RKINGSCOMPETITIONS LTD at £9.8m based on Net Assets of £3.8m and 2.62x industry multiple (adjusted for liquidity).
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Rkingscompetitions Ltd Overview
Rkingscompetitions Ltd is a live company located in newry, BT35 7DT with a Companies House number of NI656489. It operates in the other amusement and recreation activities n.e.c. sector, SIC Code 93290. Founded in October 2018, it's largest shareholder is golden matrix group inc. with a 100% stake. Rkingscompetitions Ltd is a young, small sized company, Pomanda has estimated its turnover at £616k with declining growth in recent years.
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Rkingscompetitions Ltd Health Check
Pomanda's financial health check has awarded Rkingscompetitions Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 2 areas for improvement. Company Health Check FAQs
8 Strong
2 Regular
2 Weak
Size
annual sales of £616k, make it larger than the average company (£365.5k)
- Rkingscompetitions Ltd
£365.5k - Industry AVG
Growth
3 year (CAGR) sales growth of -9%, show it is growing at a slower rate (7.8%)
- Rkingscompetitions Ltd
7.8% - Industry AVG
Production
with a gross margin of 733.5%, this company has a lower cost of product (59.6%)
- Rkingscompetitions Ltd
59.6% - Industry AVG
Profitability
an operating margin of 363.9% make it more profitable than the average company (10.2%)
- Rkingscompetitions Ltd
10.2% - Industry AVG
Employees
with 8 employees, this is similar to the industry average (10)
8 - Rkingscompetitions Ltd
10 - Industry AVG
Pay Structure
on an average salary of £18k, the company has an equivalent pay structure (£18k)
- Rkingscompetitions Ltd
£18k - Industry AVG
Efficiency
resulting in sales per employee of £77k, this is more efficient (£52.8k)
- Rkingscompetitions Ltd
£52.8k - Industry AVG
Debtor Days
it gets paid by customers after 6 days, this is earlier than average (11 days)
- Rkingscompetitions Ltd
11 days - Industry AVG
Creditor Days
its suppliers are paid after 859 days, this is slower than average (42 days)
- Rkingscompetitions Ltd
42 days - Industry AVG
Stock Days
it holds stock equivalent to 1181 days, this is more than average (21 days)
- Rkingscompetitions Ltd
21 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 185 weeks, this is more cash available to meet short term requirements (102 weeks)
185 weeks - Rkingscompetitions Ltd
102 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 20.2%, this is a lower level of debt than the average (29.8%)
20.2% - Rkingscompetitions Ltd
29.8% - Industry AVG
RKINGSCOMPETITIONS LTD financials
Rkingscompetitions Ltd's latest turnover from October 2023 is estimated at £616 thousand and the company has net assets of £3.8 million. According to their latest financial statements, Rkingscompetitions Ltd has 8 employees and maintains cash reserves of £3.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | |
|---|---|---|---|---|---|
| Turnover | |||||
| Other Income Or Grants | |||||
| Cost Of Sales | |||||
| Gross Profit | 4,518,217 | 4,100,602 | 4,680,927 | 3,762,668 | |
| Admin Expenses | 2,276,761 | 2,347,739 | 2,383,960 | 1,057,943 | |
| Operating Profit | 2,241,456 | 1,752,863 | 2,296,967 | 2,704,725 | |
| Interest Payable | 6,194 | 0 | 0 | 35 | |
| Interest Receivable | 1 | 0 | 0 | 0 | |
| Pre-Tax Profit | 2,235,263 | 1,752,863 | 2,296,967 | 2,704,690 | |
| Tax | -507,901 | -327,984 | -433,611 | -515,884 | |
| Profit After Tax | 1,727,362 | 1,424,879 | 1,863,356 | 2,188,806 | |
| Dividends Paid | 0 | 0 | 0 | 0 | |
| Retained Profit | 1,727,362 | 1,424,879 | 1,863,356 | 2,188,806 | |
| Employee Costs | |||||
| Number Of Employees | 8 | 8 | 16 | 14 | 4 |
| EBITDA* | 2,282,330 | 1,786,353 | 2,305,023 | 2,707,929 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 52,425 | 90,994 | 20,170 | 18,017 | 9,539 |
| Intangible Assets | 0 | 0 | 10,154 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 52,425 | 90,994 | 30,324 | 18,017 | 9,539 |
| Stock & work in progress | 1,290,493 | 956,692 | 661,810 | 884,758 | 0 |
| Trade Debtors | 10,799 | 17,765 | 0 | 0 | 176,639 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 |
| Cash | 3,347,543 | 1,885,525 | 553,723 | 1,098,976 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 4,648,835 | 2,859,982 | 1,215,533 | 1,983,734 | 176,639 |
| total assets | 4,701,260 | 2,950,976 | 1,245,857 | 2,001,751 | 186,178 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 938,754 | 911,504 | 642,944 | 877,419 | 84,373 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 938,754 | 911,504 | 642,944 | 877,419 | 84,373 |
| loans | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 1,800 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 11,181 | 15,509 | 3,829 | 3,423 | 0 |
| total long term liabilities | 11,181 | 15,509 | 3,829 | 3,423 | 1,800 |
| total liabilities | 949,935 | 927,013 | 646,773 | 880,842 | 86,173 |
| net assets | 3,751,325 | 2,023,963 | 599,084 | 1,120,909 | 100,005 |
| total shareholders funds | 3,751,325 | 2,023,963 | 599,084 | 1,120,909 | 100,005 |
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | 2,241,456 | 1,752,863 | 2,296,967 | 2,704,725 | |
| Depreciation | 40,874 | 33,490 | 6,787 | 3,204 | |
| Amortisation | 0 | 0 | 1,269 | 0 | |
| Tax | -507,901 | -327,984 | -433,611 | -515,884 | |
| Stock | 333,801 | 294,882 | -222,948 | 884,758 | 0 |
| Debtors | -6,966 | 17,765 | 0 | -176,639 | 176,639 |
| Creditors | 27,250 | 268,560 | -234,475 | 793,046 | 84,373 |
| Accruals and Deferred Income | 0 | 0 | 0 | -1,800 | 1,800 |
| Deferred Taxes & Provisions | -4,328 | 11,680 | 406 | 3,423 | 0 |
| Cash flow from operations | 1,470,516 | 1,425,962 | 1,860,291 | 2,278,595 | |
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | -6,193 | 0 | 0 | -35 | |
| cash flow from financing | -6,193 | 0 | -2,385,181 | -1,167,937 | |
| cash and cash equivalents | |||||
| cash | 1,462,018 | 1,331,802 | -545,253 | 1,098,976 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 1,462,018 | 1,331,802 | -545,253 | 1,098,976 | 0 |
rkingscompetitions ltd Credit Report and Business Information
Rkingscompetitions Ltd Competitor Analysis
Perform a competitor analysis for rkingscompetitions ltd by selecting its closest rivals, whether from the ARTS, ENTERTAINMENT AND RECREATION sector, other small companies, companies in BT35 area or any other competitors across 12 key performance metrics.
rkingscompetitions ltd Ownership
RKINGSCOMPETITIONS LTD group structure
Rkingscompetitions Ltd has no subsidiary companies.
Ultimate parent company
GOLDEN MATRIX GROUP INC
#0141850
1 parent
RKINGSCOMPETITIONS LTD
NI656489
rkingscompetitions ltd directors
Rkingscompetitions Ltd currently has 4 directors. The longest serving directors include Mr Mark Weir (Oct 2018) and Mr Aaron Johnston (Apr 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Weir | United Kingdom | 35 years | Oct 2018 | - | Director |
| Mr Aaron Johnston | England | 51 years | Apr 2022 | - | Director |
| Mr Anthony Goodman | United Kingdom | 65 years | Nov 2022 | - | Director |
| Mr Brett Goodman | United Kingdom | 32 years | Apr 2024 | - | Director |
P&L
October 2023turnover
616k
+21%
operating profit
2.2m
+28%
gross margin
733.5%
-8.69%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
3.8m
+0.85%
total assets
4.7m
+0.59%
cash
3.3m
+0.78%
net assets
Total assets minus all liabilities
rkingscompetitions ltd company details
company number
NI656489
Type
Private limited with Share Capital
industry
93290 - Other amusement and recreation activities
incorporation date
October 2018
age
6
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
October 2023
previous names
N/A
accountant
-
auditor
-
address
unit b mill road, bessbrook, newry, BT35 7DT
Bank
-
Legal Advisor
-
rkingscompetitions ltd 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 rkingscompetitions ltd.
rkingscompetitions ltd Companies House Filings - See Documents
| date | description | view/download |
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