Ringways Garages (leeds) Limited

POWER SEARCH PRICING

SOLUTIONS

ringways garages (leeds) limited Company Information

Live

MatureLargeDeclining

Company Number

00543323

Website

http://ringways.co.uk

Registered Address

whitehall road, leeds., w.yorkshire., LS12 5NL

Industry

Sale of used cars and light motor vehicles

Maintenance and repair of motor vehicles

View All

Telephone

01132634222

Next Accounts Due

16 days late

Group Structure

View All

Directors

Dougal Keith3 Years

Angus Keith3 Years

Shareholders

wortlea estates (leeds) ltd 100%

ringways garages (leeds) limited Estimated Valuation

£24.5m

Pomanda estimates the enterprise value of RINGWAYS GARAGES (LEEDS) LIMITED at £24.5m based on a Turnover of £63.6m and 0.39x industry multiple (adjusted for size and gross margin).

Edit your figures and get a professional valuation report.

Ringways Garages (leeds) Limited is a live company located in w.yorkshire., LS12 5NL with a Companies House number of 00543323. It operates in the sale of new cars and light motor vehicles sector, SIC Code 45111. Founded in January 1955, it's largest shareholder is wortlea estates (leeds) ltd with a 100% stake. Ringways Garages (leeds) Limited is a mature, large sized company, Pomanda has estimated its turnover at £63.6m with declining growth in recent years.

View Sample

Upgrade for unlimited company reports & a free credit check

Pomanda's financial health check has awarded Ringways Garages (Leeds) Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

5 Strong

0 Regular

7 Weak

Size

annual sales of £63.6m, make it larger than the average company (£18.8m)

Growth

3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (4.7%)

EXPORT

Ringways Garages (Leeds) Limited's latest turnover from December 2022 is £63.6 million and the company has net assets of £4.1 million. According to their latest financial statements, Ringways Garages (Leeds) Limited has 89 employees and maintains cash reserves of £24.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	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	63,617,428	64,317,003	49,943,255	70,300,178	69,073,202	65,501,177	68,692,688	64,078,406	64,725,511	55,198,273	53,478,645	49,606,982	44,258,547	44,888,692
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	57,528,102	58,137,124	45,382,714	55,647,068	54,134,969	50,774,733	52,999,002	49,366,809	50,033,337	42,829,096	41,441,693	38,190,685	33,806,856	35,910,954
Gross Profit	6,089,326	6,179,879	4,560,541	14,653,110	14,938,233	14,726,444	15,693,686	14,711,597	14,692,174	12,369,177	12,036,952	11,416,297	10,451,691	8,977,738
Admin Expenses	4,700,501	6,457,213	4,641,521	14,378,242	14,758,411	14,435,065	15,158,536	14,601,502	14,670,498	12,508,431	12,386,472	11,813,822	10,090,331	8,749,917
Operating Profit	1,388,825	-277,334	-80,980	274,868	179,822	291,379	535,150	110,095	21,676	-139,254	-349,520	-397,525	361,360	227,821
Interest Payable	6,748	8,581	120,435	144,240	65,472	9,407	17,966	12,814	2,525	66,121	135,517	102,267	41,138	60,273
Interest Receivable	21,000	20,000	32,000	36,000	122,945	73,350	147,695	53,238	32,000	10,800	92,137	23,076	1,186,929	30,000
Pre-Tax Profit	1,403,077	-265,915	-169,415	166,628	237,295	355,322	664,879	150,519	51,151	-194,575	-392,900	-476,716	1,507,151	197,548
Tax	-285,101	-36,364	-12,788	-48,675	-11,327	-70,887	-149,500	18,282	-2,380	0	11,101	113,386	-156,741	0
Profit After Tax	1,117,976	-302,279	-182,203	117,953	225,968	284,435	515,379	168,801	48,771	-194,575	-381,799	-363,330	1,350,410	197,548
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	1,117,976	-302,279	-182,203	117,953	225,968	284,435	515,379	168,801	48,771	-194,575	-381,799	-363,330	1,350,410	197,548
Employee Costs	3,780,599	4,300,208	4,285,048	4,496,040	4,563,675	4,098,498	4,082,245	3,574,732	3,532,817	2,948,432	3,064,578	2,937,100	3,588,242	3,348,096
Number Of Employees	89	98	117	126	125	122	117	112	104	104	96	102	118	119
EBITDA*	1,496,052	-151,443	44,610	400,565	317,977	416,959	675,669	289,745	127,268	-66,178	-293,342	-286,194	484,707	331,531

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	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	3,802,708	3,860,503	3,941,489	4,028,638	4,146,500	4,187,477	4,255,193	4,348,886	187,218	247,239	263,626	142,749	255,477	257,838
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	663,000	537,000	542,000	1,039,000	934,000	1,450,000	1,294,000	2,015,000	1,104,000	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	4,465,708	4,397,503	4,483,489	5,067,638	5,080,500	5,637,477	5,549,193	6,363,886	1,291,218	247,239	263,626	142,749	255,477	257,838
Stock & work in progress	13,163,729	10,724,993	8,990,297	12,663,459	17,719,319	12,529,133	11,124,382	10,009,336	11,175,616	8,346,644	12,324,862	12,264,155	11,166,451	10,257,529
Trade Debtors	853,202	522,252	1,022,634	1,158,714	1,244,773	1,122,585	1,549,756	1,301,957	1,111,784	1,260,432	1,629,653	2,199,861	1,404,436	1,411,401
Group Debtors	3,098,176	1,100,452	0	164,167	0	0	8,885	5,086	43,258	97,788	8,303	877,808	293,811	283,001
Misc Debtors	121,650	317,182	1,507,514	585,602	1,471,858	1,126,876	859,449	380,882	908,051	548,416	879,665	774,342	917,014	823,391
Cash	24,832	52,769	218,999	191,472	194,288	103,269	53,952	785	930,515	785	755	555	1,489,575	555
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	17,261,589	12,717,648	11,739,444	14,763,414	20,630,238	14,881,863	13,596,424	11,698,046	14,169,224	10,254,065	14,843,238	16,116,721	15,271,287	12,775,877
total assets	21,727,297	17,115,151	16,222,933	19,831,052	25,710,738	20,519,340	19,145,617	18,061,932	15,460,442	10,501,304	15,106,864	16,259,470	15,526,764	13,033,715
Bank overdraft	0	0	537,336	626,767	585,962	637,189	0	651,483	0	439,338	65,922	1,134,405	302,833	585,707
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	11,688,429	9,178,781	9,763,090	12,980,342	18,885,620	13,149,849	12,502,930	9,849,193	11,518,223	7,925,248	12,284,218	11,948,920	11,303,594	10,632,892
Group/Directors Accounts	4,186,696	3,341,682	1,696,918	1,485,961	1,703,358	2,306,149	2,613,373	2,754,243	150,000	0	0	0	0	0
other short term finances	0	0	0	0	53,059	92,187	119,623	1,117,620	1,243,876	888,616	1,212,737	1,489,053	1,041,733	826,985
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	36,577	0
other current liabilities	1,595,020	1,681,888	1,062,881	970,070	972,230	644,830	767,312	559,611	595,942	381,472	482,782	244,088	993,353	532,207
total current liabilities	17,470,145	14,202,351	13,060,225	16,063,140	22,200,229	16,830,204	16,003,238	14,932,150	13,508,041	9,634,674	14,045,659	14,816,466	13,678,090	12,577,791
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	42,340	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	195,536	140,910	117,039	363,650	326,900	505,295	159,631	142,413	0	0	0	0	0	0
total long term liabilities	195,536	140,910	117,039	363,650	326,900	505,295	159,631	142,413	0	0	0	0	42,340	0
total liabilities	17,665,681	14,343,261	13,177,264	16,426,790	22,527,129	17,335,499	16,162,869	15,074,563	13,508,041	9,634,674	14,045,659	14,816,466	13,720,430	12,577,791
net assets	4,061,616	2,771,890	3,045,669	3,404,262	3,183,609	3,183,841	2,982,748	2,987,369	1,952,401	866,630	1,061,205	1,443,004	1,806,334	455,924
total shareholders funds	4,061,616	2,771,890	3,045,669	3,404,262	3,183,609	3,183,841	2,982,748	2,987,369	1,952,401	866,630	1,061,205	1,443,004	1,806,334	455,924

	Dec 2022	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	1,388,825	-277,334	-80,980	274,868	179,822	291,379	535,150	110,095	21,676	-139,254	-349,520	-397,525	361,360	227,821
Depreciation	107,227	125,891	125,590	125,697	138,155	125,580	140,519	179,650	105,592	73,076	56,178	111,331	123,347	103,710
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-285,101	-36,364	-12,788	-48,675	-11,327	-70,887	-149,500	18,282	-2,380	0	11,101	113,386	-156,741	0
Stock	2,438,736	1,734,696	-3,673,162	-5,055,860	5,190,186	1,404,751	1,115,046	-1,166,280	2,828,972	-3,978,218	60,707	1,097,704	908,922	10,257,529
Debtors	2,133,142	-590,262	621,665	-808,148	467,170	-168,629	730,165	-375,168	156,457	-610,985	-1,334,390	1,236,750	97,468	2,517,793
Creditors	2,509,648	-584,309	-3,217,252	-5,905,278	5,735,771	646,919	2,653,737	-1,669,030	3,592,975	-4,358,970	335,298	645,326	670,702	10,632,892
Accruals and Deferred Income	-86,868	619,007	92,811	-2,160	327,400	-122,482	207,701	-36,331	214,470	-101,310	238,694	-749,265	461,146	532,207
Deferred Taxes & Provisions	54,626	23,871	-246,611	36,750	-178,395	345,664	17,218	142,413	0	0	0	0	0	0
Cash flow from operations	-883,521	-1,273,672	-287,733	345,210	534,070	-19,949	1,559,614	286,527	946,904	62,745	1,565,434	-2,611,201	453,424	-1,278,692
Investing Activities
capital expenditure	-49,432	-44,905	-38,441	-7,835	-97,178	-57,864	-46,826	-4,341,318	-45,571	-56,689	-177,055	1,397	-120,986	-361,548
Change in Investments	126,000	-5,000	-497,000	105,000	-516,000	156,000	-721,000	911,000	1,104,000	0	0	0	0	0
cash flow from investments	-175,432	-39,905	458,559	-112,835	418,822	-213,864	674,174	-5,252,318	-1,149,571	-56,689	-177,055	1,397	-120,986	-361,548
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	845,014	1,644,764	210,957	-217,397	-602,791	-307,224	-140,870	2,604,243	150,000	0	0	0	0	0
Other Short Term Loans	0	0	0	-53,059	-39,128	-27,436	-997,997	-126,256	355,260	-324,121	-276,316	447,320	214,748	826,985
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	-78,917	78,917	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	171,750	28,500	-176,390	102,700	-226,200	-83,342	-520,000	866,167	1,037,000	0	0	0	0	258,376
interest	14,252	11,419	-88,435	-108,240	57,473	63,943	129,729	40,424	29,475	-55,321	-43,380	-79,191	1,145,791	-30,273
cash flow from financing	1,031,016	1,684,683	-53,868	-275,996	-810,646	-354,059	-1,529,138	3,384,578	1,571,735	-379,442	-319,696	289,212	1,439,456	1,055,088
cash and cash equivalents
cash	-27,937	-166,230	27,527	-2,816	91,019	49,317	53,167	-929,730	929,730	30	200	-1,489,020	1,489,020	555
overdraft	0	-537,336	-89,431	40,805	-51,227	637,189	-651,483	651,483	-439,338	373,416	-1,068,483	831,572	-282,874	585,707
change in cash	-27,937	371,106	116,958	-43,621	142,246	-587,872	704,650	-1,581,213	1,369,068	-373,386	1,068,683	-2,320,592	1,771,894	-585,152

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

Get a comprehensive credit check for ringways garages (leeds) limited. Get real-time insights into ringways garages (leeds) limited's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Perform a competitor analysis for ringways garages (leeds) 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 LS12 area or any other competitors across 12 key performance metrics.

RINGWAYS GARAGES (LEEDS) LIMITED group structure

Ringways Garages (Leeds) Limited has no subsidiary companies.

Ultimate parent company

D.M.KEITH LIMITED

00749256

WORTLEA ESTATES (LEEDS) LIMITED

00758842

2 parents

RINGWAYS GARAGES (LEEDS) LIMITED

00543323

RINGWAYS GARAGES (LEEDS) LIMITED Shareholders

wortlea estates (leeds) ltd

100%

Ringways Garages (Leeds) Limited currently has 2 directors. The longest serving directors include Mr Dougal Keith (Jul 2021) and Mr Angus Keith (Jul 2021).

officer	country	age	start	end	role
Mr Dougal Keith	England	61 years	Jul 2021	-	Director
Mr Angus Keith	England	59 years	Jul 2021	-	Director

P&L

December 2022

turnover

63.6m

-1%

operating profit

1.4m

-601%

gross margin

9.6%

-0.38%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2022

net assets

4.1m

+0.47%

total assets

21.7m

+0.27%

cash

24.8k

-0.53%

net assets

Total assets minus all liabilities

Similar Companies

kirby jones limited

sandal motors (huddersfield) limited

4.5

cars 2 limited

halliwell jones (wilmslow) limited

4.5

sycamore (peterborough) limited

company number

00543323

Type

Private limited with Share Capital

industry

45112 - Sale of used cars and light motor vehicles

45200 - Maintenance and repair of motor vehicles

45310 - Wholesale trade of motor vehicle parts and accessories

incorporation date

January 1955

ultimate parent company

D.M.KEITH LIMITED

previous names

N/A

address

whitehall road, leeds., w.yorkshire., LS12 5NL

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 24 charges/mortgages relating to ringways garages (leeds) limited. Currently there are 4 open charges and 20 have been satisfied in the past.

ringways garages (leeds) limited Company Information

ringways garages (leeds) limited Estimated Valuation

ringways garages (leeds) limited Estimated Valuation

ringways garages (leeds) limited Estimated Valuation

Ringways Garages (leeds) Limited Overview

Ringways Garages (leeds) Limited Health Check

RINGWAYS GARAGES (LEEDS) LIMITED financials

ringways garages (leeds) limited Credit Report and Business Information

Ringways Garages (leeds) Limited Competitor Analysis

ringways garages (leeds) limited Ownership

ringways garages (leeds) limited directors

ringways garages (leeds) limited company details

ringways garages (leeds) limited Charges & Mortgages

ringways garages (leeds) limited Companies House Filings - See Documents