rowancove limited
rowancove limited Company Information
Company Number
SC551125
Website
-Registered Address
radleigh house 1 golf road, clarkston, glasgow, G76 7HU
Industry
Other business support service activities n.e.c.
Telephone
-
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
reyman latif 100%
rowancove limited Estimated Valuation
Pomanda estimates the enterprise value of ROWANCOVE LIMITED at £184.3k based on a Turnover of £329.9k and 0.56x industry multiple (adjusted for size and gross margin).
rowancove limited Estimated Valuation
Pomanda estimates the enterprise value of ROWANCOVE LIMITED at £13.2k based on an EBITDA of £3.1k and a 4.27x industry multiple (adjusted for size and gross margin).
rowancove limited Estimated Valuation
Pomanda estimates the enterprise value of ROWANCOVE LIMITED at £12.7k based on Net Assets of £5k and 2.57x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Rowancove Limited Overview
Rowancove Limited is a live company located in glasgow, G76 7HU with a Companies House number of SC551125. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in November 2016, it's largest shareholder is reyman latif with a 100% stake. Rowancove Limited is a young, micro sized company, Pomanda has estimated its turnover at £329.9k with declining growth in recent years.
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Rowancove Limited Health Check
Pomanda's financial health check has awarded Rowancove Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 6 areas for improvement. Company Health Check FAQs
0 Strong
3 Regular
6 Weak
Size
annual sales of £329.9k, make it smaller than the average company (£4.4m)
- Rowancove Limited
£4.4m - Industry AVG
Growth
3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (6.3%)
- Rowancove Limited
6.3% - Industry AVG
Production
with a gross margin of 37.6%, this company has a comparable cost of product (37.6%)
- Rowancove Limited
37.6% - Industry AVG
Profitability
an operating margin of 0.9% make it less profitable than the average company (5.7%)
- Rowancove Limited
5.7% - Industry AVG
Employees
with 2 employees, this is below the industry average (26)
2 - Rowancove Limited
26 - Industry AVG
Pay Structure
on an average salary of £51.9k, the company has an equivalent pay structure (£51.9k)
- Rowancove Limited
£51.9k - Industry AVG
Efficiency
resulting in sales per employee of £165k, this is equally as efficient (£165k)
- Rowancove Limited
£165k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Rowancove Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Rowancove Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Rowancove Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 8 weeks, this is less cash available to meet short term requirements (24 weeks)
8 weeks - Rowancove Limited
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 84.2%, this is a higher level of debt than the average (61.7%)
84.2% - Rowancove Limited
61.7% - Industry AVG
ROWANCOVE LIMITED financials
Rowancove Limited's latest turnover from December 2023 is estimated at £329.9 thousand and the company has net assets of £5 thousand. According to their latest financial statements, Rowancove Limited has 2 employees and maintains cash reserves of £2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Nov 2017 | |
|---|---|---|---|---|---|---|---|
| Turnover | |||||||
| Other Income Or Grants | |||||||
| Cost Of Sales | |||||||
| Gross Profit | |||||||
| Admin Expenses | |||||||
| Operating Profit | |||||||
| Interest Payable | |||||||
| Interest Receivable | |||||||
| Pre-Tax Profit | |||||||
| Tax | |||||||
| Profit After Tax | |||||||
| Dividends Paid | |||||||
| Retained Profit | |||||||
| Employee Costs | |||||||
| Number Of Employees | 2 | 2 | |||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Nov 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 140,512 | 58,256 | 53,114 | 5,690 | 1 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 29,348 | 43,555 | 7,922 | 0 | 0 | 0 | 0 |
| Cash | 1,973 | 3,131 | 18,624 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 31,321 | 46,686 | 167,058 | 58,256 | 53,114 | 5,690 | 1 |
| total assets | 31,321 | 46,686 | 167,058 | 58,256 | 53,114 | 5,690 | 1 |
| Bank overdraft | 10,000 | 10,000 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 5,323 | 146,752 | 33,068 | 52,576 | 5,154 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 2,189 | 2,233 | 2,393 | 0 | 0 | 0 | 0 |
| total current liabilities | 12,189 | 17,556 | 149,145 | 33,068 | 52,576 | 5,154 | 0 |
| loans | 14,168 | 24,167 | 11,167 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 20,500 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 789 | 0 | 0 | 0 |
| total long term liabilities | 14,168 | 24,167 | 11,167 | 21,289 | 0 | 0 | 0 |
| total liabilities | 26,357 | 41,723 | 160,312 | 54,357 | 52,576 | 5,154 | 0 |
| net assets | 4,964 | 4,963 | 6,746 | 3,899 | 538 | 536 | 1 |
| total shareholders funds | 4,964 | 4,963 | 6,746 | 3,899 | 538 | 536 | 1 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Nov 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -14,207 | -104,879 | 90,178 | 5,142 | 47,424 | 5,689 | 1 |
| Creditors | -5,323 | -141,429 | 113,684 | -19,508 | 47,422 | 5,154 | 0 |
| Accruals and Deferred Income | -44 | -160 | 2,393 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | -789 | 789 | 0 | 0 | 0 |
| Cash flow from operations | |||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -9,999 | 13,000 | 11,167 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | -20,500 | 20,500 | 0 | 0 | 0 |
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | -1,158 | -15,493 | 18,624 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 10,000 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -1,158 | -25,493 | 18,624 | 0 | 0 | 0 | 0 |
rowancove limited Credit Report and Business Information
Rowancove Limited Competitor Analysis
Perform a competitor analysis for rowancove limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in G76 area or any other competitors across 12 key performance metrics.
rowancove limited Ownership
ROWANCOVE LIMITED group structure
Rowancove Limited has no subsidiary companies.
Ultimate parent company
ROWANCOVE LIMITED
SC551125
rowancove limited directors
Rowancove Limited currently has 2 directors. The longest serving directors include Mr Rehman Latif (Nov 2016) and Mr Faisal Ashraf (Nov 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Rehman Latif | United Kingdom | 53 years | Nov 2016 | - | Director |
| Mr Faisal Ashraf | Scotland | 42 years | Nov 2017 | - | Director |
P&L
December 2023turnover
329.9k
+83%
operating profit
3.1k
0%
gross margin
37.6%
-3.02%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
5k
0%
total assets
31.3k
-0.33%
cash
2k
-0.37%
net assets
Total assets minus all liabilities
Similar Companies
rowancove limited company details
company number
SC551125
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
November 2016
age
8
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
N/A
accountant
OHARAS CHARTERED ACCOUNTANTS
auditor
-
address
radleigh house 1 golf road, clarkston, glasgow, G76 7HU
Bank
-
Legal Advisor
-
rowancove 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 rowancove limited.
rowancove limited Companies House Filings - See Documents
| date | description | view/download |
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