Pomanda estimates the enterprise value of RIGNET UK LIMITED at £13.7m based on a Turnover of £18.7m and 0.73x industry multiple (adjusted for size and gross margin).
rignet uk limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of RIGNET UK LIMITED at £0 based on an EBITDA of £-2m and a 3.14x industry multiple (adjusted for size and gross margin).
rignet uk limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of RIGNET UK LIMITED at £0 based on Net Assets of £-6.3m and 2.35x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Rignet Uk LimitedOverview
Rignet Uk Limited is a live company located in westhill, AB32 6FE with a Companies House number of SC291250. It operates in the other telecommunications activities sector, SIC Code 61900. Founded in October 2005, it's largest shareholder is
rignet uk holdings ltd
with a 100% stake. Rignet Uk Limited is a mature,
mid sized company, Pomanda has estimated its turnover at
£18.7m with
low
growth in recent years.
Pomanda's financial health check has awarded Rignet Uk Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 8 areas for improvement. Company Health Check FAQs
Health Rating2.5out of 5
3 Strong
1 Regular
8 Weak
Size
annual sales of £18.7m, make it larger than the average company (£11.3m)
£18.7m - Rignet Uk Limited
£11.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (5.8%)
2% - Rignet Uk Limited
5.8% - Industry AVG
Production
with a gross margin of 16.6%, this company has a higher cost of product (43.7%)
16.6% - Rignet Uk Limited
43.7% - Industry AVG
Profitability
an operating margin of -16.2% make it less profitable than the average company (8.1%)
-16.2% - Rignet Uk Limited
8.1% - Industry AVG
Employees
with 63 employees, this is similar to the industry average (59)
63 - Rignet Uk Limited
59 - Industry AVG
Pay Structure
on an average salary of £72.9k, the company has a higher pay structure (£54.4k)
£72.9k - Rignet Uk Limited
£54.4k - Industry AVG
Efficiency
resulting in sales per employee of £296.1k, this is more efficient (£221.5k)
£296.1k - Rignet Uk Limited
£221.5k - Industry AVG
Debtor Days
it gets paid by customers after 88 days, this is later than average (45 days)
88 days - Rignet Uk Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 29 days, this is quicker than average (47 days)
29 days - Rignet Uk Limited
47 days - Industry AVG
Stock Days
it holds stock equivalent to 5 days, this is less than average (17 days)
5 days - Rignet Uk Limited
17 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 0 weeks, this is less cash available to meet short term requirements (8 weeks)
0 weeks - Rignet Uk Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 125.3%, this is a higher level of debt than the average (64%)
125.3% - Rignet Uk Limited
64% - Industry AVG
RIGNET UK LIMITED financials
EXPORT
Rignet Uk Limited's latest turnover from March 2024 is £18.7 million and the company has net assets of -£6.3 million. According to their latest financial statements, Rignet Uk Limited has 63 employees and maintains cash reserves of £344.2 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Turnover
18,656,861
24,533,689
17,439,136
17,266,381
19,969,666
26,025,555
27,200,901
32,919,827
40,523,082
42,654,242
22,494,929
12,747,075
7,498,603
6,829,257
5,413,167
Other Income Or Grants
Cost Of Sales
15,558,683
19,799,412
13,645,401
14,704,575
15,917,938
19,818,683
20,022,815
23,758,814
26,236,218
23,980,091
12,549,551
5,384,019
3,291,283
2,849,627
2,447,428
Gross Profit
3,098,178
4,734,277
3,793,735
2,561,807
4,051,727
6,206,872
7,178,086
9,161,013
14,286,864
18,674,151
9,945,378
7,363,055
4,207,320
3,979,630
2,965,739
Admin Expenses
6,115,527
7,668,893
4,047,766
4,140,652
5,720,654
7,421,819
7,623,882
7,116,240
9,497,591
10,665,572
5,007,353
3,482,195
3,004,831
2,473,274
1,971,510
Operating Profit
-3,017,349
-2,934,616
-254,031
-1,578,845
-1,668,927
-1,214,947
-445,796
2,044,773
4,789,273
8,008,579
4,938,025
3,880,860
1,202,489
1,506,356
994,229
Interest Payable
7,135
9,980
12,770
84
Interest Receivable
796,366
507
679
5,687
3,614
1,294
1,233
1,604
888
99
352
Pre-Tax Profit
-2,328,321
-1,556,289
283,203
-1,578,845
-872,560
-1,214,439
-445,116
2,050,461
4,792,888
8,009,875
4,932,124
3,882,464
1,193,398
1,493,686
994,498
Tax
-675,175
-1,374,427
-536,082
-460,301
-106,483
-318,008
-525,902
-321,438
-1,184,312
-1,651,245
-885,055
-1,041,505
-445,410
-882,723
-420,070
Profit After Tax
-3,003,496
-2,930,716
-252,879
-2,039,146
-979,043
-1,532,447
-971,017
1,729,022
3,608,576
6,358,630
4,047,069
2,840,960
747,988
610,963
574,427
Dividends Paid
2,483,377
6,210,228
6,991,967
1,145,126
3,205,344
1,481,901
Retained Profit
-3,003,496
-2,930,716
-252,879
-2,039,146
-979,043
-1,532,447
-3,454,395
-4,481,205
-3,383,391
5,213,504
841,724
1,359,059
747,988
610,963
574,427
Employee Costs
4,594,212
5,668,465
4,325,648
3,743,339
3,869,083
4,759,403
4,611,089
3,906,515
5,306,178
5,977,966
3,004,139
1,379,065
956,259
709,636
Number Of Employees
63
65
71
72
63
63
67
71
71
76
51
21
18
16
EBITDA*
-2,022,093
-1,746,926
887,734
-137,662
103,498
1,518,045
2,807,601
6,260,850
8,569,991
11,078,853
6,063,087
4,630,313
2,046,210
2,476,062
1,527,257
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Tangible Assets
3,521,256
2,658,867
2,027,687
2,103,732
4,269,451
4,696,784
5,779,234
7,114,635
8,844,127
9,628,226
5,782,210
2,333,867
1,676,630
1,421,268
1,636,446
Intangible Assets
Investments & Other
1
1
1
1
1
1
Debtors (Due After 1 year)
46,807
26,916
863,716
793,785
801,266
820,293
747,109
691,331
306,352
256,348
Total Fixed Assets
3,568,064
2,685,785
2,891,404
2,897,518
5,070,717
5,517,078
6,526,345
7,805,967
9,150,480
9,884,575
5,782,211
2,333,867
1,676,630
1,421,268
1,636,446
Stock & work in progress
234,386
141,893
Trade Debtors
4,525,578
4,292,745
3,680,122
2,608,376
4,992,292
4,033,764
4,019,031
4,938,378
5,869,746
9,035,120
4,950,771
2,885,390
2,625,642
2,132,037
525,126
Group Debtors
16,042,335
930,627
2,712,558
1,786,469
24,070
1,402,645
1,275,900
3,482,450
779,079
368,554
353,276
2,367
Misc Debtors
385,575
390,940
609,494
581,191
810,121
937,934
825,903
1,123,984
1,677,870
1,405,069
650,429
749,323
538,520
335,003
739,845
Cash
344,203
183,519
533,094
388,516
863,092
790,910
2,449,731
2,715,684
3,244,832
4,699,698
1,474,793
4,681,697
798,430
480,073
107,890
misc current assets
total current assets
21,532,079
5,939,724
7,535,270
5,364,553
6,689,575
7,165,254
8,570,566
12,260,497
11,571,527
15,508,443
7,429,270
8,318,778
3,962,593
2,947,114
1,372,861
total assets
25,100,142
8,625,509
10,426,674
8,262,071
11,760,292
12,682,333
15,096,910
20,066,464
20,722,007
25,393,019
13,211,481
10,652,645
5,639,223
4,368,382
3,009,307
Bank overdraft
Bank loan
Trade Creditors
1,241,120
2,430,338
1,611,018
1,154,002
2,991,813
1,752,241
1,280,556
1,009,982
557,519
1,474,732
844,983
606,183
561,096
321,894
105,895
Group/Directors Accounts
29,208,046
8,437,040
7,671,043
4,604,494
7,597,029
10,479,621
12,820,023
14,933,267
10,606,241
10,149,531
6,009,773
4,624,539
1,543,446
853,165
861,062
other short term finances
hp & lease commitments
other current liabilities
941,880
1,068,180
1,542,913
2,646,838
3,396,414
1,820,813
813,486
631,660
1,768,568
2,090,135
763,081
1,142,343
649,852
1,095,594
583,852
total current liabilities
31,391,046
11,935,559
10,824,975
8,405,334
13,985,257
14,052,676
14,914,066
16,574,910
12,932,330
13,714,399
7,617,838
6,373,065
2,754,394
2,270,653
1,550,809
loans
hp & lease commitments
Accruals and Deferred Income
53,184
30,542
17,959
3,289
8,391
17,812
38,552
47,376
100,688
314,616
157,014
87,763
49,452
other liabilities
provisions
total long term liabilities
53,185
30,543
17,959
3,289
8,392
17,812
38,552
47,376
100,688
314,616
157,015
87,763
49,452
total liabilities
31,444,231
11,966,102
10,842,934
8,408,623
13,993,649
14,070,488
14,952,618
16,622,286
13,033,018
14,029,015
7,774,853
6,460,828
2,803,846
2,270,653
1,550,809
net assets
-6,344,089
-3,340,593
-416,260
-146,552
-2,233,356
-1,388,155
144,292
3,444,178
7,688,989
11,364,003
5,436,628
4,191,817
2,835,377
2,097,729
1,458,498
total shareholders funds
-6,344,089
-3,340,593
-416,260
-146,552
-2,233,356
-1,388,155
144,292
3,444,178
7,688,989
11,364,003
5,436,628
4,191,817
2,835,377
2,097,729
1,458,498
Mar 2024
Mar 2023
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Operating Activities
Operating Profit
-3,017,349
-2,934,616
-254,031
-1,578,845
-1,668,927
-1,214,947
-445,796
2,044,773
4,789,273
8,008,579
4,938,025
3,880,860
1,202,489
1,506,356
994,229
Depreciation
995,255
1,187,690
1,141,765
1,441,183
1,772,425
2,686,994
3,253,397
4,216,077
3,780,719
3,070,273
1,125,062
749,453
843,721
969,706
533,028
Amortisation
45,997
Tax
-675,175
-1,374,427
-536,082
-460,301
-106,483
-318,008
-525,902
-321,438
-1,184,312
-1,651,245
-885,055
-1,041,505
-445,410
-882,723
-420,070
Stock
92,493
141,893
Debtors
15,359,068
5,641,228
2,096,070
-857,928
-566,888
326,694
-3,368,200
1,603,096
-2,432,045
5,110,616
2,317,396
472,918
697,122
1,202,070
1,264,970
Creditors
-1,189,219
2,430,338
457,015
-1,837,811
1,239,572
471,685
270,574
452,463
-917,212
629,748
238,801
45,087
239,202
215,999
105,895
Accruals and Deferred Income
-103,658
1,098,722
-1,089,255
-754,678
1,566,180
986,587
173,002
-1,190,220
-535,495
1,484,656
-310,011
530,802
-396,290
511,742
583,852
Deferred Taxes & Provisions
Cash flow from operations
-19,441,707
-5,375,414
-2,376,658
-2,332,524
3,369,655
2,331,614
6,093,475
3,598,559
8,365,018
6,431,395
2,789,426
3,691,779
746,590
1,119,010
531,964
Investing Activities
capital expenditure
-1,857,644
-3,846,557
-1,065,720
724,536
-1,345,092
-1,650,541
-1,917,996
-2,486,585
-2,996,620
-6,916,289
-4,573,405
-1,406,690
-1,099,083
-754,528
-2,169,474
Change in Investments
-1
1
1
-1
1
cash flow from investments
-1,857,643
-3,846,558
-1,065,721
724,536
-1,345,091
-1,650,541
-1,917,996
-2,486,585
-2,996,620
-6,916,290
-4,573,405
-1,406,690
-1,099,083
-754,528
-2,169,474
Financing Activities
Bank loans
Group/Directors Accounts
20,771,006
8,437,040
3,066,550
-2,992,536
-2,882,592
-2,340,402
-2,113,244
4,327,025
456,710
4,139,759
1,385,234
3,081,093
690,281
-7,897
861,062
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
-409,877
-16,829
4,125,950
133,842
154,510
236,394
-291,623
713,871
403,087
-2,619
-10,340
28,269
884,071
interest
796,366
507
679
5,687
3,614
1,294
-5,902
1,604
-9,092
-12,671
268
cash flow from financing
20,771,006
8,027,163
3,049,721
1,133,414
-1,952,384
-2,339,895
-1,958,055
4,569,106
168,701
4,854,924
1,782,419
3,080,078
670,849
7,701
1,745,401
cash and cash equivalents
cash
160,684
183,519
144,578
-474,575
72,182
-1,658,821
-265,953
-529,148
-1,454,867
3,224,905
-3,206,904
3,883,267
318,357
372,183
107,890
overdraft
change in cash
160,684
183,519
144,578
-474,575
72,182
-1,658,821
-265,953
-529,148
-1,454,867
3,224,905
-3,206,904
3,883,267
318,357
372,183
107,890
rignet uk limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for rignet uk limited. Get real-time insights into rignet uk limited's credit score, group structure and payment trends.
Perform a competitor analysis for rignet uk limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mid companies, companies in AB32 area or any other competitors across 12 key performance metrics.
77390 - Renting and leasing of other machinery, equipment and tangible goods n.e.c.
61900 - Other telecommunications activities
incorporation date
October 2005
age
20
incorporated
UK
ultimate parent company
RIGNET INC
accounts
Full Accounts
last accounts submitted
March 2024
previous names
rignet services uk limited (October 2006)
mm&s (5015) limited (December 2005)
accountant
-
auditor
JOHNSTON CARMICHAEL LLP
address
nessco house discovery drive, arnhall business park, westhill, aberdeenshire ab32 6fg, AB32 6FE
Bank
-
Legal Advisor
-
rignet uk 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 rignet uk limited.
rignet uk 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 RIGNET UK LIMITED. This can take several minutes, an email will notify you when this has completed.
rignet uk limitedCompanies House Filings - See Documents
