rathmay limited
rathmay limited Company Information
Company Number
SC709798
Next Accounts
93 days late
Shareholders
valerie cheyne
alfred george cheyne
Group Structure
View All
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Registered Address
130 st. vincent street, glasgow, G2 5HF
Website
-rathmay limited Estimated Valuation
Pomanda estimates the enterprise value of RATHMAY LIMITED at £102.8m based on a Turnover of £42.1m and 2.44x industry multiple (adjusted for size and gross margin).
rathmay limited Estimated Valuation
Pomanda estimates the enterprise value of RATHMAY LIMITED at £162.6m based on an EBITDA of £15.9m and a 10.22x industry multiple (adjusted for size and gross margin).
rathmay limited Estimated Valuation
Pomanda estimates the enterprise value of RATHMAY LIMITED at £26.6m based on Net Assets of £20.4m and 1.31x industry multiple (adjusted for liquidity).
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Rathmay Limited Overview
Rathmay Limited is a live company located in glasgow, G2 5HF with a Companies House number of SC709798. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in September 2021, it's largest shareholder is valerie cheyne with a 50% stake. Rathmay Limited is a startup, large sized company, Pomanda has estimated its turnover at £42.1m with unknown growth in recent years.
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Rathmay Limited Health Check
Pomanda's financial health check has awarded Rathmay Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 3 areas for improvement. Company Health Check FAQs
8 Strong
0 Regular
3 Weak
Size
annual sales of £42.1m, make it larger than the average company (£18.1m)
£42.1m - Rathmay Limited
£18.1m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Rathmay Limited
- - Industry AVG
Production
with a gross margin of 43.3%, this company has a lower cost of product (35.1%)
43.3% - Rathmay Limited
35.1% - Industry AVG
Profitability
an operating margin of 31.5% make it more profitable than the average company (5.1%)
31.5% - Rathmay Limited
5.1% - Industry AVG
Employees
with 148 employees, this is above the industry average (103)
148 - Rathmay Limited
103 - Industry AVG
Pay Structure
on an average salary of £72k, the company has a higher pay structure (£41.6k)
£72k - Rathmay Limited
£41.6k - Industry AVG
Efficiency
resulting in sales per employee of £284.2k, this is more efficient (£179.6k)
£284.2k - Rathmay Limited
£179.6k - Industry AVG
Debtor Days
it gets paid by customers after 56 days, this is later than average (46 days)
56 days - Rathmay Limited
46 days - Industry AVG
Creditor Days
its suppliers are paid after 36 days, this is quicker than average (46 days)
36 days - Rathmay Limited
46 days - Industry AVG
Stock Days
it holds stock equivalent to 29 days, this is less than average (37 days)
29 days - Rathmay Limited
37 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 60 weeks, this is more cash available to meet short term requirements (15 weeks)
60 weeks - Rathmay Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 52.9%, this is a lower level of debt than the average (68.8%)
52.9% - Rathmay Limited
68.8% - Industry AVG
RATHMAY LIMITED financials
Rathmay Limited's latest turnover from March 2023 is £42.1 million and the company has net assets of £20.4 million. According to their latest financial statements, Rathmay Limited has 148 employees and maintains cash reserves of £11.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | |
|---|---|---|
| Turnover | 42,060,000 | 14,045,000 |
| Other Income Or Grants | ||
| Cost Of Sales | 23,864,000 | 9,117,000 |
| Gross Profit | 18,196,000 | 4,928,000 |
| Admin Expenses | 4,947,000 | 4,987,000 |
| Operating Profit | 13,249,000 | -59,000 |
| Interest Payable | 1,033,000 | 423,000 |
| Interest Receivable | 19,000 | |
| Pre-Tax Profit | 12,235,000 | -482,000 |
| Tax | -1,936,000 | -1,291,000 |
| Profit After Tax | 10,299,000 | -1,773,000 |
| Dividends Paid | 711,000 | |
| Retained Profit | 9,588,000 | -1,773,000 |
| Employee Costs | 10,656,000 | 4,562,000 |
| Number Of Employees | 148 | 158 |
| EBITDA* | 15,912,000 | 1,329,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | |
|---|---|---|
| Tangible Assets | 32,090,000 | 34,362,000 |
| Intangible Assets | -12,400,000 | -13,637,000 |
| Investments & Other | ||
| Debtors (Due After 1 year) | 10,000 | 12,000 |
| Total Fixed Assets | 19,700,000 | 20,737,000 |
| Stock & work in progress | 1,917,000 | 1,170,000 |
| Trade Debtors | 6,524,000 | 8,440,000 |
| Group Debtors | 3,187,000 | 3,538,000 |
| Misc Debtors | 751,000 | 1,571,000 |
| Cash | 11,251,000 | 1,974,000 |
| misc current assets | ||
| total current assets | 23,630,000 | 16,693,000 |
| total assets | 43,330,000 | 37,430,000 |
| Bank overdraft | ||
| Bank loan | ||
| Trade Creditors | 2,357,000 | 2,611,000 |
| Group/Directors Accounts | 172,000 | 1,566,000 |
| other short term finances | 1,486,000 | 1,396,000 |
| hp & lease commitments | 46,000 | 40,000 |
| other current liabilities | 5,547,000 | 5,879,000 |
| total current liabilities | 9,608,000 | 11,492,000 |
| loans | 10,251,000 | 11,709,000 |
| hp & lease commitments | 27,000 | |
| Accruals and Deferred Income | ||
| other liabilities | 307,000 | 315,000 |
| provisions | 2,772,000 | 3,009,000 |
| total long term liabilities | 13,330,000 | 15,060,000 |
| total liabilities | 22,938,000 | 26,552,000 |
| net assets | 20,392,000 | 10,878,000 |
| total shareholders funds | 20,392,000 | 10,878,000 |
| Mar 2023 | Mar 2022 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | 13,249,000 | -59,000 |
| Depreciation | 3,900,000 | 1,812,000 |
| Amortisation | -1,237,000 | -424,000 |
| Tax | -1,936,000 | -1,291,000 |
| Stock | 747,000 | 1,170,000 |
| Debtors | -3,089,000 | 13,561,000 |
| Creditors | -254,000 | 2,611,000 |
| Accruals and Deferred Income | -332,000 | 5,879,000 |
| Deferred Taxes & Provisions | -237,000 | 3,009,000 |
| Cash flow from operations | 15,495,000 | -3,194,000 |
| Investing Activities | ||
| capital expenditure | ||
| Change in Investments | ||
| cash flow from investments | ||
| Financing Activities | ||
| Bank loans | ||
| Group/Directors Accounts | -1,394,000 | 1,566,000 |
| Other Short Term Loans | 90,000 | 1,396,000 |
| Long term loans | -1,458,000 | 11,709,000 |
| Hire Purchase and Lease Commitments | -21,000 | 67,000 |
| other long term liabilities | -8,000 | 315,000 |
| share issue | ||
| interest | -1,014,000 | -423,000 |
| cash flow from financing | -3,879,000 | 27,281,000 |
| cash and cash equivalents | ||
| cash | 9,277,000 | 1,974,000 |
| overdraft | ||
| change in cash | 9,277,000 | 1,974,000 |
rathmay limited Credit Report and Business Information
Rathmay Limited Competitor Analysis
Perform a competitor analysis for rathmay limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in G 2 area or any other competitors across 12 key performance metrics.
rathmay limited Ownership
RATHMAY LIMITED group structure
Rathmay Limited has 1 subsidiary company.
Ultimate parent company
RATHMAY LIMITED
SC709798
1 subsidiary
rathmay limited directors
Rathmay Limited currently has 2 directors. The longest serving directors include Mrs Ingrid Stewart (Nov 2023) and Mr Allan Pirie (Nov 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Ingrid Stewart | 50 years | Nov 2023 | - | Director | |
| Mr Allan Pirie | Scotland | 52 years | Nov 2023 | - | Director |
P&L
March 2023turnover
42.1m
+199%
operating profit
13.2m
-22556%
gross margin
43.3%
+23.3%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
20.4m
+0.87%
total assets
43.3m
+0.16%
cash
11.3m
+4.7%
net assets
Total assets minus all liabilities
Similar Companies
rathmay limited company details
company number
SC709798
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
September 2021
age
4
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
RSM UK AUDIT LLP
address
130 st. vincent street, glasgow, G2 5HF
Bank
-
Legal Advisor
-
rathmay 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 2 charges/mortgages relating to rathmay limited. Currently there are 0 open charges and 2 have been satisfied in the past.
rathmay 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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rathmay limited Companies House Filings - See Documents
| date | description | view/download |
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