ritter-courivaud limited
ritter-courivaud limited Company Information
Company Number
00363411
Next Accounts
Nov 2025
Shareholders
musgrave investments limited
Group Structure
View All
Industry
Wholesale of other food, including fish, crustaceans and molluscs
Registered Address
pinsent masons 1 park row, leeds, LS1 5AB
Website
www.rittercourivaud.co.ukritter-courivaud limited Estimated Valuation
Pomanda estimates the enterprise value of RITTER-COURIVAUD LIMITED at £31m based on a Turnover of £51m and 0.61x industry multiple (adjusted for size and gross margin).
ritter-courivaud limited Estimated Valuation
Pomanda estimates the enterprise value of RITTER-COURIVAUD LIMITED at £25.8m based on an EBITDA of £3.2m and a 8.08x industry multiple (adjusted for size and gross margin).
ritter-courivaud limited Estimated Valuation
Pomanda estimates the enterprise value of RITTER-COURIVAUD LIMITED at £16.9m based on Net Assets of £7.9m and 2.13x industry multiple (adjusted for liquidity).
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Ritter-courivaud Limited Overview
Ritter-courivaud Limited is a live company located in leeds, LS1 5AB with a Companies House number of 00363411. It operates in the wholesale of other food, including fish, crustaceans and molluscs sector, SIC Code 46380. Founded in October 1940, it's largest shareholder is musgrave investments limited with a 100% stake. Ritter-courivaud Limited is a mature, large sized company, Pomanda has estimated its turnover at £51m with rapid growth in recent years.
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Ritter-courivaud Limited Health Check
Pomanda's financial health check has awarded Ritter-Courivaud Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 9 measures and has 2 areas for improvement. Company Health Check FAQs
9 Strong
1 Regular
2 Weak
Size
annual sales of £51m, make it larger than the average company (£28.9m)
£51m - Ritter-courivaud Limited
£28.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 42%, show it is growing at a faster rate (10.9%)
42% - Ritter-courivaud Limited
10.9% - Industry AVG
Production
with a gross margin of 11%, this company has a higher cost of product (14.1%)
11% - Ritter-courivaud Limited
14.1% - Industry AVG
Profitability
an operating margin of 5.1% make it more profitable than the average company (3.2%)
5.1% - Ritter-courivaud Limited
3.2% - Industry AVG
Employees
with 219 employees, this is above the industry average (42)
219 - Ritter-courivaud Limited
42 - Industry AVG
Pay Structure
on an average salary of £33.3k, the company has a lower pay structure (£43.5k)
£33.3k - Ritter-courivaud Limited
£43.5k - Industry AVG
Efficiency
resulting in sales per employee of £232.9k, this is less efficient (£612.6k)
£232.9k - Ritter-courivaud Limited
£612.6k - Industry AVG
Debtor Days
it gets paid by customers after 31 days, this is earlier than average (41 days)
31 days - Ritter-courivaud Limited
41 days - Industry AVG
Creditor Days
its suppliers are paid after 35 days, this is slower than average (28 days)
35 days - Ritter-courivaud Limited
28 days - Industry AVG
Stock Days
it holds stock equivalent to 28 days, this is less than average (47 days)
28 days - Ritter-courivaud Limited
47 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 16 weeks, this is more cash available to meet short term requirements (8 weeks)
16 weeks - Ritter-courivaud Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 53%, this is a similar level of debt than the average (56.8%)
53% - Ritter-courivaud Limited
56.8% - Industry AVG
RITTER-COURIVAUD LIMITED financials
Ritter-Courivaud Limited's latest turnover from February 2024 is £51 million and the company has net assets of £7.9 million. According to their latest financial statements, Ritter-Courivaud Limited has 219 employees and maintains cash reserves of £2.7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Mar 2020 | Feb 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 51,000,000 | 47,500,000 | 34,600,000 | 18,000,000 | 43,100,000 | 37,600,000 | 44,300,000 | 44,700,000 | 41,800,000 | 41,800,000 | 42,600,000 | 38,007,678 | 41,880,835 | 32,617,689 | 27,868,683 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 45,400,000 | 41,800,000 | 28,900,000 | 22,500,000 | 29,600,000 | 25,400,000 | 30,200,000 | 29,400,000 | 27,000,000 | 27,600,000 | 29,100,000 | 24,859,568 | 27,933,371 | 20,955,983 | 18,278,165 |
| Gross Profit | 5,600,000 | 5,700,000 | 5,700,000 | -4,500,000 | 13,500,000 | 12,200,000 | 14,100,000 | 15,300,000 | 14,800,000 | 14,200,000 | 13,500,000 | 13,148,110 | 13,947,464 | 11,661,706 | 9,590,518 |
| Admin Expenses | 3,000,000 | 1,500,000 | 1,100,000 | 1,100,000 | 11,500,000 | 11,200,000 | 11,200,000 | 11,500,000 | 11,800,000 | 10,623,252 | 10,926,102 | 10,285,407 | 7,979,662 | ||
| Operating Profit | 2,600,000 | 4,200,000 | 4,600,000 | -5,600,000 | 2,600,000 | 4,100,000 | 3,600,000 | 2,700,000 | 1,700,000 | 2,524,858 | 3,021,362 | 1,376,299 | 1,610,856 | ||
| Interest Payable | 12,067 | 24,432 | 212,115 | 250,165 | |||||||||||
| Interest Receivable | 100,000 | 200,000 | 200,000 | 8,778 | |||||||||||
| Pre-Tax Profit | 2,700,000 | 4,200,000 | 4,800,000 | -5,400,000 | 2,600,000 | 2,000,000 | 2,600,000 | 4,100,000 | 3,600,000 | 2,700,000 | 1,700,000 | 2,512,791 | 2,996,930 | 1,164,184 | 1,369,469 |
| Tax | -600,000 | -800,000 | -500,000 | -400,000 | -500,000 | -800,000 | 13,620 | 53,730 | -641,280 | -382,981 | |||||
| Profit After Tax | 2,100,000 | 3,400,000 | 4,800,000 | -5,400,000 | 2,100,000 | 1,600,000 | 2,100,000 | 3,300,000 | 3,600,000 | 2,700,000 | 1,700,000 | 2,526,411 | 3,050,660 | 522,904 | 986,488 |
| Dividends Paid | 14,500,000 | 8,000,000 | 8,000,000 | 500,000 | 500,000 | ||||||||||
| Retained Profit | 2,100,000 | -11,100,000 | 4,800,000 | -5,400,000 | -5,900,000 | -6,400,000 | 2,100,000 | 3,300,000 | 3,600,000 | 2,700,000 | 1,700,000 | 2,526,411 | 3,050,660 | 15,557 | 478,760 |
| Employee Costs | 7,300,000 | 6,600,000 | 5,800,000 | 5,300,000 | 6,700,000 | 6,100,000 | 6,400,000 | 6,300,000 | 5,800,000 | 5,900,000 | 5,700,000 | 5,686,356 | 5,964,489 | 4,717,912 | 4,023,490 |
| Number Of Employees | 219 | 209 | 198 | 214 | 228 | 236 | 248 | 255 | 220 | 218 | 218 | 218 | 203 | 181 | 168 |
| EBITDA* | 3,200,000 | 4,300,000 | 5,100,000 | -4,900,000 | 2,700,000 | 4,300,000 | 3,800,000 | 2,900,000 | 2,100,000 | 2,900,811 | 3,417,506 | 2,898,580 | 2,029,928 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Mar 2020 | Feb 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,800,000 | 1,600,000 | 1,800,000 | 1,900,000 | 2,600,000 | 3,300,000 | 500,000 | 500,000 | 600,000 | 800,000 | 900,000 | 1,572,181 | 1,639,717 | 1,412,455 | 1,441,036 |
| Intangible Assets | 800,000 | 610,300 | |||||||||||||
| Investments & Other | 2,500,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 1,950,736 | 1,957,225 | ||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 2,600,000 | 1,600,000 | 1,800,000 | 1,900,000 | 2,600,000 | 3,300,000 | 500,000 | 2,500,000 | 2,600,000 | 2,800,000 | 2,900,000 | 3,522,917 | 3,596,942 | 1,412,455 | 2,051,336 |
| Stock & work in progress | 3,500,000 | 3,300,000 | 1,900,000 | 1,100,000 | 2,400,000 | 2,100,000 | 2,300,000 | 3,000,000 | 2,200,000 | 2,600,000 | 2,900,000 | 3,358,446 | 2,957,508 | 2,755,327 | 2,650,219 |
| Trade Debtors | 4,400,000 | 4,000,000 | 3,100,000 | 4,100,000 | 4,000,000 | 4,900,000 | 5,000,000 | 4,900,000 | 5,000,000 | 5,400,000 | 4,735,742 | 4,565,861 | 4,269,317 | 4,085,545 | |
| Group Debtors | 3,200,000 | 4,200,000 | 15,100,000 | 14,100,000 | 17,000,000 | 33,700,000 | 18,000,000 | 14,200,000 | 10,200,000 | 6,300,000 | 2,000,000 | ||||
| Misc Debtors | 400,000 | 100,000 | 100,000 | 100,000 | 200,000 | 200,000 | 400,000 | 300,000 | 400,000 | 372,037 | 498,414 | 433,952 | 502,014 | ||
| Cash | 2,700,000 | 100,000 | 1,600,000 | 1,700,000 | 1,700,000 | 2,000,000 | 2,230,220 | 1,498,257 | 3,273 | 25,533 | |||||
| misc current assets | |||||||||||||||
| total current assets | 14,200,000 | 11,500,000 | 20,200,000 | 15,200,000 | 23,600,000 | 40,000,000 | 25,400,000 | 24,000,000 | 19,400,000 | 15,900,000 | 12,700,000 | 10,696,445 | 9,520,040 | 7,461,869 | 7,263,311 |
| total assets | 16,800,000 | 13,100,000 | 22,000,000 | 17,100,000 | 26,200,000 | 43,300,000 | 25,900,000 | 26,500,000 | 22,000,000 | 18,700,000 | 15,600,000 | 14,219,362 | 13,116,982 | 8,874,324 | 9,314,647 |
| Bank overdraft | 400,000 | 124,777 | |||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 4,400,000 | 2,400,000 | 2,200,000 | 400,000 | 2,500,000 | 2,400,000 | 2,000,000 | 1,900,000 | 1,700,000 | 1,500,000 | 1,600,000 | 2,083,290 | 2,476,645 | 2,230,244 | 1,533,494 |
| Group/Directors Accounts | 900,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | 2,216,629 | 3,363,032 | ||||||||
| other short term finances | 2,134,667 | 1,650,570 | |||||||||||||
| hp & lease commitments | 300,000 | 400,000 | 300,000 | 300,000 | 500,000 | 600,000 | 26,182 | 21,731 | 54,912 | ||||||
| other current liabilities | 2,700,000 | 3,600,000 | 1,500,000 | 3,200,000 | 3,900,000 | 15,000,000 | 2,100,000 | 2,900,000 | 1,900,000 | 2,400,000 | 1,900,000 | 1,499,382 | 1,280,806 | 1,395,930 | 3,137,774 |
| total current liabilities | 8,300,000 | 6,400,000 | 4,000,000 | 3,900,000 | 7,300,000 | 18,000,000 | 4,100,000 | 6,800,000 | 5,600,000 | 5,900,000 | 5,500,000 | 5,799,301 | 7,146,665 | 5,907,349 | 6,376,750 |
| loans | 1,800,000 | 2,200,000 | 2,200,000 | 2,800,000 | 3,800,000 | ||||||||||
| hp & lease commitments | 500,000 | 900,000 | 1,100,000 | 1,100,000 | 1,400,000 | 1,900,000 | 63,047 | 98,469 | 56,072 | ||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 100,000 | 13,620 | 13,620 | 49,843 | |||||||||||
| total long term liabilities | 600,000 | 900,000 | 1,100,000 | 1,100,000 | 1,400,000 | 1,900,000 | 76,667 | 112,089 | 105,915 | ||||||
| total liabilities | 8,900,000 | 7,300,000 | 5,100,000 | 5,000,000 | 8,700,000 | 19,900,000 | 4,100,000 | 6,800,000 | 5,600,000 | 5,900,000 | 5,500,000 | 5,799,301 | 7,223,332 | 6,019,438 | 6,482,665 |
| net assets | 7,900,000 | 5,800,000 | 16,900,000 | 12,100,000 | 17,500,000 | 23,400,000 | 21,800,000 | 19,700,000 | 16,400,000 | 12,800,000 | 10,100,000 | 8,420,061 | 5,893,650 | 2,774,029 | 2,758,472 |
| total shareholders funds | 7,900,000 | 5,800,000 | 16,900,000 | 12,100,000 | 17,500,000 | 23,400,000 | 21,800,000 | 19,700,000 | 16,400,000 | 12,800,000 | 10,100,000 | 8,420,061 | 5,893,650 | 2,774,029 | 2,758,472 |
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Mar 2020 | Feb 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 2,600,000 | 4,200,000 | 4,600,000 | -5,600,000 | 2,600,000 | 4,100,000 | 3,600,000 | 2,700,000 | 1,700,000 | 2,524,858 | 3,021,362 | 1,376,299 | 1,610,856 | ||
| Depreciation | 600,000 | 100,000 | 500,000 | 700,000 | 700,000 | 100,000 | 100,000 | 200,000 | 200,000 | 200,000 | 400,000 | 375,953 | 396,144 | 387,078 | 346,996 |
| Amortisation | 1,135,203 | 72,076 | |||||||||||||
| Tax | -600,000 | -800,000 | -500,000 | -400,000 | -500,000 | -800,000 | 13,620 | 53,730 | -641,280 | -382,981 | |||||
| Stock | 200,000 | 1,400,000 | 800,000 | -1,300,000 | 300,000 | -200,000 | -700,000 | 800,000 | -400,000 | -300,000 | -458,446 | 400,938 | 202,181 | 105,108 | 2,650,219 |
| Debtors | -200,000 | -10,100,000 | 4,200,000 | -7,100,000 | -16,600,000 | 14,700,000 | 3,700,000 | 3,900,000 | 3,900,000 | 3,800,000 | 2,692,221 | 43,504 | 361,006 | 115,710 | 4,587,559 |
| Creditors | 2,000,000 | 200,000 | 1,800,000 | -2,100,000 | 100,000 | 400,000 | 100,000 | 200,000 | 200,000 | -100,000 | -483,290 | -393,355 | 246,401 | 696,750 | 1,533,494 |
| Accruals and Deferred Income | -900,000 | 2,100,000 | -1,700,000 | -700,000 | -11,100,000 | 12,900,000 | -800,000 | 1,000,000 | -500,000 | 500,000 | 400,618 | 218,576 | -115,124 | -1,741,844 | 3,137,774 |
| Deferred Taxes & Provisions | 100,000 | -13,620 | -36,223 | 49,843 | |||||||||||
| Cash flow from operations | 3,800,000 | 14,500,000 | 200,000 | 700,000 | -1,500,000 | -200,000 | -216,447 | 2,281,590 | 3,039,326 | 955,165 | -869,720 | ||||
| Investing Activities | |||||||||||||||
| capital expenditure | -390,161 | ||||||||||||||
| Change in Investments | -2,500,000 | 2,500,000 | -2,000,000 | 49,264 | -6,489 | 1,957,225 | |||||||||
| cash flow from investments | -390,161 | ||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 900,000 | -2,000,000 | -216,629 | -1,146,403 | 3,363,032 | ||||||||||
| Other Short Term Loans | -2,134,667 | 484,097 | 1,650,570 | ||||||||||||
| Long term loans | -1,800,000 | -400,000 | -600,000 | -1,000,000 | 3,800,000 | ||||||||||
| Hire Purchase and Lease Commitments | -500,000 | -100,000 | -500,000 | -600,000 | 2,500,000 | -89,229 | -30,971 | 9,216 | 110,984 | ||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | 100,000 | 200,000 | 200,000 | -12,067 | -24,432 | -212,115 | -241,387 | ||||||||
| cash flow from financing | -1,300,000 | -500,000 | 200,000 | -900,000 | -1,600,000 | 14,300,000 | -2,000,000 | -236,690 | -1,247,699 | 1,241,923 | 281,198 | 3,799,879 | |||
| cash and cash equivalents | |||||||||||||||
| cash | 2,700,000 | -100,000 | 100,000 | -1,600,000 | -100,000 | -300,000 | -230,220 | 731,963 | 1,494,984 | -22,260 | 25,533 | ||||
| overdraft | -400,000 | 400,000 | -124,777 | 124,777 | |||||||||||
| change in cash | 2,700,000 | 400,000 | -500,000 | 100,000 | -1,600,000 | -100,000 | -300,000 | -230,220 | 731,963 | 1,619,761 | -147,037 | 25,533 |
ritter-courivaud limited Credit Report and Business Information
Ritter-courivaud Limited Competitor Analysis
Perform a competitor analysis for ritter-courivaud limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in LS1 area or any other competitors across 12 key performance metrics.
ritter-courivaud limited Ownership
RITTER-COURIVAUD LIMITED group structure
Ritter-Courivaud Limited has no subsidiary companies.
Ultimate parent company
MUSGRAVE GROUP PUBLIC LIMITED COMPANY
IE105820
2 parents
RITTER-COURIVAUD LIMITED
00363411
ritter-courivaud limited directors
Ritter-Courivaud Limited currently has 5 directors. The longest serving directors include Mr Simon Mindham (Jun 2023) and Mr Glen Coulter (Jun 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Simon Mindham | 59 years | Jun 2023 | - | Director | |
| Mr Glen Coulter | England | 49 years | Jun 2023 | - | Director |
| Mr Andrew Keating | England | 54 years | Jun 2023 | - | Director |
| Mr Noel Keeley | England | 58 years | Jun 2023 | - | Director |
| Mr Alan Campbell | England | 50 years | Jun 2023 | - | Director |
P&L
February 2024turnover
51m
+7%
operating profit
2.6m
-38%
gross margin
11%
-8.5%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2024net assets
7.9m
+0.36%
total assets
16.8m
+0.28%
cash
2.7m
0%
net assets
Total assets minus all liabilities
ritter-courivaud limited company details
company number
00363411
Type
Private limited with Share Capital
industry
46380 - Wholesale of other food, including fish, crustaceans and molluscs
incorporation date
October 1940
age
85
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
February 2024
previous names
N/A
accountant
-
auditor
DELOITTE LLP
address
pinsent masons 1 park row, leeds, LS1 5AB
Bank
THE ROYAL BANK OF SCOTLAND PLC
Legal Advisor
-
ritter-courivaud 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 11 charges/mortgages relating to ritter-courivaud limited. Currently there are 0 open charges and 11 have been satisfied in the past.
ritter-courivaud 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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ritter-courivaud limited Companies House Filings - See Documents
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