john rae limited
john rae limited Company Information
Company Number
SC110049
Next Accounts
Jan 2025
Industry
Construction of domestic buildings
Electrical installation
Directors
Shareholders
sunvic controls limited
Group Structure
View All
Contact
Registered Address
319 st. vincent street, glasgow, G2 5AS
Website
updatesystems.co.ukjohn rae limited Estimated Valuation
Pomanda estimates the enterprise value of JOHN RAE LIMITED at £1.1m based on a Turnover of £3.2m and 0.33x industry multiple (adjusted for size and gross margin).
john rae limited Estimated Valuation
Pomanda estimates the enterprise value of JOHN RAE LIMITED at £658.4k based on an EBITDA of £212.6k and a 3.1x industry multiple (adjusted for size and gross margin).
john rae limited Estimated Valuation
Pomanda estimates the enterprise value of JOHN RAE LIMITED at £635.6k based on Net Assets of £335.9k and 1.89x industry multiple (adjusted for liquidity).
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John Rae Limited Overview
John Rae Limited is a dissolved company that was located in glasgow, G2 5AS with a Companies House number of SC110049. It operated in the construction of commercial buildings sector, SIC Code 41201. Founded in March 1988, it's largest shareholder was sunvic controls limited with a 100% stake. The last turnover for John Rae Limited was estimated at £3.2m.
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John Rae Limited Health Check
Pomanda's financial health check has awarded John Rae Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
6 Weak
Size
annual sales of £3.2m, make it larger than the average company (£1.8m)
- John Rae Limited
£1.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a slower rate (9.2%)
- John Rae Limited
9.2% - Industry AVG
Production
with a gross margin of 14.9%, this company has a higher cost of product (25.2%)
- John Rae Limited
25.2% - Industry AVG
Profitability
an operating margin of 6.2% make it less profitable than the average company (7.7%)
- John Rae Limited
7.7% - Industry AVG
Employees
with 9 employees, this is below the industry average (19)
- John Rae Limited
19 - Industry AVG
Pay Structure
on an average salary of £38.6k, the company has an equivalent pay structure (£38.6k)
- John Rae Limited
£38.6k - Industry AVG
Efficiency
resulting in sales per employee of £361k, this is more efficient (£202.4k)
- John Rae Limited
£202.4k - Industry AVG
Debtor Days
it gets paid by customers after 74 days, this is later than average (43 days)
- John Rae Limited
43 days - Industry AVG
Creditor Days
its suppliers are paid after 120 days, this is slower than average (39 days)
- John Rae Limited
39 days - Industry AVG
Stock Days
it holds stock equivalent to 55 days, this is in line with average (63 days)
- John Rae Limited
63 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 8 weeks, this is less cash available to meet short term requirements (20 weeks)
8 weeks - John Rae Limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 73.8%, this is a similar level of debt than the average (71%)
73.8% - John Rae Limited
71% - Industry AVG
JOHN RAE LIMITED financials
John Rae Limited's latest turnover from September 2017 is estimated at £3.2 million and the company has net assets of £335.9 thousand. According to their latest financial statements, we estimate that John Rae Limited has 9 employees and maintains cash reserves of £156.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 4,110,144 | 5,533,327 | |||||||
| Other Income Or Grants | 0 | 0 | |||||||
| Cost Of Sales | 3,437,383 | 4,765,917 | |||||||
| Gross Profit | 672,761 | 767,410 | |||||||
| Admin Expenses | 875,641 | 422,270 | |||||||
| Operating Profit | -202,880 | 345,140 | |||||||
| Interest Payable | 0 | 0 | |||||||
| Interest Receivable | 320 | 370 | |||||||
| Pre-Tax Profit | -202,560 | 345,510 | |||||||
| Tax | -428 | -108,277 | |||||||
| Profit After Tax | -202,988 | 237,233 | |||||||
| Dividends Paid | 65,000 | 15,000 | |||||||
| Retained Profit | -267,988 | 222,233 | |||||||
| Employee Costs | |||||||||
| Number Of Employees | |||||||||
| EBITDA* | -173,988 | 367,886 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 40,104 | 51,448 | 55,705 | 29,759 | 46,522 | 88,697 | 70,392 | 172,571 | 409,746 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 177,358 | 177,358 | 177,358 | 177,358 | 177,358 | 242,359 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 40,104 | 51,448 | 233,063 | 207,117 | 223,880 | 266,055 | 247,750 | 414,930 | 409,746 |
| Stock & work in progress | 418,532 | 296,762 | 360,615 | 314,789 | 328,660 | 739,652 | 214,757 | 247,579 | 287,616 |
| Trade Debtors | 666,762 | 326,813 | 924,875 | 823,170 | 1,068,598 | 112,987 | 783,322 | 1,009,847 | 954,265 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 735,683 | 679,388 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 92,187 | 128,763 | 0 | 0 |
| Cash | 156,407 | 78,961 | 17,052 | 49,184 | 57,939 | 287,472 | 407,942 | 130,714 | 43,871 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,241,701 | 702,536 | 1,302,542 | 1,187,143 | 1,455,197 | 1,967,981 | 2,214,172 | 1,388,140 | 1,285,752 |
| total assets | 1,281,805 | 753,984 | 1,535,605 | 1,394,260 | 1,679,077 | 2,234,036 | 2,461,922 | 1,803,070 | 1,695,498 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 246,785 | 225,022 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 914,614 | 541,460 | 806,045 | 440,686 | 813,093 | 239,172 | 457,237 | 480,964 | 495,301 |
| Group/Directors Accounts | 0 | 0 | 0 | 292,583 | 0 | 17,990 | 21,858 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 510,403 | 270,559 | 0 | 0 |
| total current liabilities | 914,614 | 541,460 | 806,045 | 733,269 | 813,093 | 1,014,350 | 974,676 | 480,964 | 495,301 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 15,569 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 31,295 | 39,391 | 31,295 | 500 | 2,992 | 2,952 | 2,524 | 4,148 | 8,627 |
| total long term liabilities | 31,295 | 39,391 | 46,864 | 500 | 2,992 | 2,952 | 2,524 | 4,148 | 8,627 |
| total liabilities | 945,909 | 580,851 | 852,909 | 733,769 | 816,085 | 1,017,302 | 977,200 | 485,112 | 503,928 |
| net assets | 335,896 | 173,133 | 682,696 | 660,491 | 862,992 | 1,216,734 | 1,484,722 | 1,317,958 | 1,191,570 |
| total shareholders funds | 335,896 | 173,133 | 682,696 | 660,491 | 862,992 | 1,216,734 | 1,484,722 | 1,317,958 | 1,191,570 |
| Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | -202,880 | 345,140 | |||||||
| Depreciation | 11,914 | 0 | 15,516 | 9,213 | 14,536 | 28,892 | 22,746 | 27,877 | 35,838 |
| Amortisation | 0 | 14,634 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -428 | -108,277 | |||||||
| Stock | 121,770 | -63,853 | 45,826 | -13,871 | -410,992 | 524,895 | -32,822 | -40,037 | 287,616 |
| Debtors | 339,949 | -598,062 | 101,705 | -245,428 | 127,741 | -650,616 | 581,626 | 55,582 | 954,265 |
| Creditors | 373,154 | -264,585 | 365,359 | -372,407 | 573,921 | -218,065 | -23,727 | -14,337 | 495,301 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | -510,403 | 239,844 | 270,559 | 0 | 0 |
| Deferred Taxes & Provisions | -8,096 | 8,096 | 30,795 | -2,492 | 40 | 428 | -1,624 | -4,479 | 8,627 |
| Cash flow from operations | -26,488 | -43,987 | |||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | -177,358 | 0 | 0 | 0 | 0 | -65,001 | 242,359 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | -292,583 | 292,583 | -17,990 | -3,868 | 21,858 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | -15,569 | 15,569 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | 320 | 370 | |||||||
| cash flow from financing | -3,548 | -33,241 | |||||||
| cash and cash equivalents | |||||||||
| cash | 77,446 | 61,909 | -32,132 | -8,755 | -229,533 | -120,470 | 277,228 | 86,843 | 43,871 |
| overdraft | 0 | 0 | 0 | 0 | -246,785 | 21,763 | 225,022 | 0 | 0 |
| change in cash | 77,446 | 61,909 | -32,132 | -8,755 | 17,252 | -142,233 | 52,206 | 86,843 | 43,871 |
john rae limited Credit Report and Business Information
John Rae Limited Competitor Analysis
Perform a competitor analysis for john rae limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other undefined companies, companies in G 2 area or any other competitors across 12 key performance metrics.
john rae limited Ownership
JOHN RAE LIMITED group structure
John Rae Limited has no subsidiary companies.
john rae limited directors
John Rae Limited currently has 1 director, Mr David Meddings serving since May 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Meddings | 86 years | May 2017 | - | Director |
P&L
September 2017turnover
3.2m
+76%
operating profit
200.6k
0%
gross margin
15%
+2.45%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2017net assets
335.9k
+0.94%
total assets
1.3m
+0.7%
cash
156.4k
+0.98%
net assets
Total assets minus all liabilities
john rae limited company details
company number
SC110049
Type
Private limited with Share Capital
industry
41202 - Construction of domestic buildings
43210 - Electrical installation
41201 - Construction of commercial buildings
incorporation date
March 1988
age
37
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
September 2017
previous names
glaisbar limited (April 1988)
accountant
-
auditor
-
address
319 st. vincent street, glasgow, G2 5AS
Bank
THE ROYAL BANK OF SCOTLAND PLC, THE ROYAL BANK OF SCOTLAND PLC, THE ROYAL BANK OF SCOTLAND PLC
Legal Advisor
-
john rae 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 7 charges/mortgages relating to john rae limited. Currently there are 2 open charges and 5 have been satisfied in the past.
john rae 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 JOHN RAE LIMITED. This can take several minutes, an email will notify you when this has completed.
john rae limited Companies House Filings - See Documents
| date | description | view/download |
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