r.h. ritchings limited
r.h. ritchings limited Company Information
Company Number
00202544
Website
rhritchings.comRegistered Address
belgrave place, 8 manchester road, bury, lancashire, BL9 0ED
Industry
Wholesale of other intermediate products
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
mrs josephine denise ritchings 50%
mr alexander piers ritchings 50%
r.h. ritchings limited Estimated Valuation
Pomanda estimates the enterprise value of R.H. RITCHINGS LIMITED at £875.8k based on a Turnover of £2.2m and 0.39x industry multiple (adjusted for size and gross margin).
r.h. ritchings limited Estimated Valuation
Pomanda estimates the enterprise value of R.H. RITCHINGS LIMITED at £16.1k based on an EBITDA of £4.8k and a 3.39x industry multiple (adjusted for size and gross margin).
r.h. ritchings limited Estimated Valuation
Pomanda estimates the enterprise value of R.H. RITCHINGS LIMITED at £1.3m based on Net Assets of £718.2k and 1.75x industry multiple (adjusted for liquidity).
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R.h. Ritchings Limited Overview
R.h. Ritchings Limited is a dissolved company that was located in bury, BL9 0ED with a Companies House number of 00202544. It operated in the wholesale of other intermediate products sector, SIC Code 46760. Founded in December 1924, it's largest shareholder was mrs josephine denise ritchings with a 50% stake. The last turnover for R.h. Ritchings Limited was estimated at £2.2m.
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R.h. Ritchings Limited Health Check
Pomanda's financial health check has awarded R.H. Ritchings Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
7 Weak
Size
annual sales of £2.2m, make it smaller than the average company (£11.7m)
- R.h. Ritchings Limited
£11.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a faster rate (3.8%)
- R.h. Ritchings Limited
3.8% - Industry AVG
Production
with a gross margin of 23.9%, this company has a comparable cost of product (23.9%)
- R.h. Ritchings Limited
23.9% - Industry AVG
Profitability
an operating margin of -1.5% make it less profitable than the average company (4.4%)
- R.h. Ritchings Limited
4.4% - Industry AVG
Employees
with 15 employees, this is below the industry average (30)
15 - R.h. Ritchings Limited
30 - Industry AVG
Pay Structure
on an average salary of £38.2k, the company has an equivalent pay structure (£38.2k)
- R.h. Ritchings Limited
£38.2k - Industry AVG
Efficiency
resulting in sales per employee of £149k, this is less efficient (£350.4k)
- R.h. Ritchings Limited
£350.4k - Industry AVG
Debtor Days
it gets paid by customers after 13 days, this is earlier than average (63 days)
- R.h. Ritchings Limited
63 days - Industry AVG
Creditor Days
its suppliers are paid after 33 days, this is quicker than average (36 days)
- R.h. Ritchings Limited
36 days - Industry AVG
Stock Days
it holds stock equivalent to 154 days, this is more than average (60 days)
- R.h. Ritchings Limited
60 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (9 weeks)
0 weeks - R.h. Ritchings Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 38.4%, this is a lower level of debt than the average (55.5%)
38.4% - R.h. Ritchings Limited
55.5% - Industry AVG
R.H. RITCHINGS LIMITED financials
R.H. Ritchings Limited's latest turnover from December 2016 is estimated at £2.2 million and the company has net assets of £718.2 thousand. According to their latest financial statements, R.H. Ritchings Limited has 15 employees and maintains cash reserves of £837 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|
| 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 | 15 | 20 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 342,996 | 381,716 | 407,693 | 407,674 | 444,927 | 483,934 | 442,090 | 426,693 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 342,996 | 381,716 | 407,693 | 407,674 | 444,927 | 483,934 | 442,090 | 426,693 |
| Stock & work in progress | 717,946 | 842,931 | 851,373 | 701,828 | 682,976 | 803,440 | 738,114 | 698,840 |
| Trade Debtors | 84,494 | 106,332 | 138,058 | 116,007 | 130,124 | 104,908 | 128,973 | 71,915 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 19,260 | 15,739 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 837 | 1,873 | 2,027 | 2,060 | 14,155 | 13,333 | 2,066 | 1,966 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 822,537 | 966,875 | 991,458 | 819,895 | 827,255 | 921,681 | 869,153 | 772,721 |
| total assets | 1,165,533 | 1,348,591 | 1,399,151 | 1,227,569 | 1,272,182 | 1,405,615 | 1,311,243 | 1,199,414 |
| Bank overdraft | 116,356 | 129,002 | 0 | 0 | 24,654 | 108,771 | 117,033 | 23,283 |
| Bank loan | 8,654 | 18,434 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 154,118 | 215,837 | 571,583 | 384,527 | 273,865 | 344,398 | 263,462 | 413,424 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 4,148 | 12,261 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 159,698 | 166,850 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 442,974 | 542,384 | 571,583 | 384,527 | 298,519 | 453,169 | 380,495 | 436,707 |
| loans | 3 | 8,658 | 0 | 0 | 62,470 | 79,446 | 95,961 | 112,030 |
| hp & lease commitments | 4,400 | 8,548 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 41,815 | 49,073 | 4,729 | 19,685 | 21,256 | 0 |
| provisions | 0 | 27,746 | 28,219 | 26,046 | 37,899 | 31,573 | 15,059 | 0 |
| total long term liabilities | 4,403 | 44,952 | 70,034 | 75,119 | 105,098 | 130,704 | 132,276 | 112,030 |
| total liabilities | 447,377 | 587,336 | 641,617 | 459,646 | 403,617 | 583,873 | 512,771 | 548,737 |
| net assets | 718,156 | 761,255 | 757,534 | 767,923 | 868,565 | 821,742 | 798,472 | 650,677 |
| total shareholders funds | 718,156 | 761,255 | 757,534 | 767,923 | 868,565 | 821,742 | 798,472 | 650,677 |
| Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 39,074 | 41,862 | 48,222 | 47,542 | 47,430 | 45,104 | 37,806 | 36,906 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||
| Stock | -124,985 | -8,442 | 149,545 | 18,852 | -120,464 | 65,326 | 39,274 | 698,840 |
| Debtors | -18,317 | -15,987 | 22,051 | -14,117 | 25,216 | -24,065 | 57,058 | 71,915 |
| Creditors | -61,719 | -355,746 | 187,056 | 110,662 | -70,533 | 80,936 | -149,962 | 413,424 |
| Accruals and Deferred Income | -7,152 | 166,850 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -27,746 | -473 | 2,173 | -11,853 | 6,326 | 16,514 | 15,059 | 0 |
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | -9,780 | 18,434 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -8,655 | 8,658 | 0 | -62,470 | -16,976 | -16,515 | -16,069 | 112,030 |
| Hire Purchase and Lease Commitments | -12,261 | 20,809 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | -41,815 | -7,258 | 44,344 | -14,956 | -1,571 | 21,256 | 0 |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | -1,036 | -154 | -33 | -12,095 | 822 | 11,267 | 100 | 1,966 |
| overdraft | -12,646 | 129,002 | 0 | -24,654 | -84,117 | -8,262 | 93,750 | 23,283 |
| change in cash | 11,610 | -129,156 | -33 | 12,559 | 84,939 | 19,529 | -93,650 | -21,317 |
r.h. ritchings limited Credit Report and Business Information
R.h. Ritchings Limited Competitor Analysis
Perform a competitor analysis for r.h. ritchings limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other undefined companies, companies in BL9 area or any other competitors across 12 key performance metrics.
r.h. ritchings limited Ownership
R.H. RITCHINGS LIMITED group structure
R.H. Ritchings Limited has no subsidiary companies.
Ultimate parent company
R.H. RITCHINGS LIMITED
00202544
r.h. ritchings limited directors
R.H. Ritchings Limited currently has 2 directors. The longest serving directors include Mr Alexander Ritchings (Dec 1982) and Mrs Josephine Ritchings (Jun 1999).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Alexander Ritchings | 68 years | Dec 1982 | - | Director | |
| Mrs Josephine Ritchings | 68 years | Jun 1999 | - | Director |
P&L
December 2016turnover
2.2m
-24%
operating profit
-34.3k
0%
gross margin
24%
-0.51%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2016net assets
718.2k
-0.06%
total assets
1.2m
-0.14%
cash
837
-0.55%
net assets
Total assets minus all liabilities
r.h. ritchings limited company details
company number
00202544
Type
Private limited with Share Capital
industry
46760 - Wholesale of other intermediate products
incorporation date
December 1924
age
100
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
ritchings & lunt limited (November 1986)
last accounts submitted
December 2016
address
belgrave place, 8 manchester road, bury, lancashire, BL9 0ED
accountant
-
auditor
-
r.h. ritchings 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 4 charges/mortgages relating to r.h. ritchings limited. Currently there are 0 open charges and 4 have been satisfied in the past.
r.h. ritchings limited Companies House Filings - See Documents
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