rhodes fitted kitchens limited

2

rhodes fitted kitchens limited Company Information

Share RHODES FITTED KITCHENS LIMITED
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MatureMicroDeclining

Company Number

01041948

Registered Address

21 oxford st, market rasen, lincs, LN8 3AL

Industry

Other retail sale in non-specialised stores

 

Telephone

01673843787

Next Accounts Due

December 2024

Group Structure

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Directors

Joyce Rhodes32 Years

Roger Clark16 Years

Shareholders

roger james clark 66.7%

joyce marion rhodes 33.3%

rhodes fitted kitchens limited Estimated Valuation

£40.3k

Pomanda estimates the enterprise value of RHODES FITTED KITCHENS LIMITED at £40.3k based on a Turnover of £128.1k and 0.31x industry multiple (adjusted for size and gross margin).

rhodes fitted kitchens limited Estimated Valuation

£0

Pomanda estimates the enterprise value of RHODES FITTED KITCHENS LIMITED at £0 based on an EBITDA of £-8.3k and a 3.6x industry multiple (adjusted for size and gross margin).

rhodes fitted kitchens limited Estimated Valuation

£808.9k

Pomanda estimates the enterprise value of RHODES FITTED KITCHENS LIMITED at £808.9k based on Net Assets of £225.2k and 3.59x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from March 2023 

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Rhodes Fitted Kitchens Limited Overview

Rhodes Fitted Kitchens Limited is a live company located in lincs, LN8 3AL with a Companies House number of 01041948. It operates in the other retail sale in non-specialised stores sector, SIC Code 47190. Founded in February 1972, it's largest shareholder is roger james clark with a 66.7% stake. Rhodes Fitted Kitchens Limited is a mature, micro sized company, Pomanda has estimated its turnover at £128.1k with declining growth in recent years.

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Rhodes Fitted Kitchens Limited Health Check

Pomanda's financial health check has awarded Rhodes Fitted Kitchens Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2out of 5
positive_score

2 Strong

positive_score

1 Regular

positive_score

7 Weak

size

Size

annual sales of £128.1k, make it smaller than the average company (£1.2m)

£128.1k - Rhodes Fitted Kitchens Limited

£1.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -25%, show it is growing at a slower rate (1.8%)

-25% - Rhodes Fitted Kitchens Limited

1.8% - Industry AVG

production

Production

with a gross margin of 28.2%, this company has a higher cost of product (43.7%)

28.2% - Rhodes Fitted Kitchens Limited

43.7% - Industry AVG

profitability

Profitability

an operating margin of -6.4% make it less profitable than the average company (5.8%)

-6.4% - Rhodes Fitted Kitchens Limited

5.8% - Industry AVG

employees

Employees

with 2 employees, this is below the industry average (30)

2 - Rhodes Fitted Kitchens Limited

30 - Industry AVG

paystructure

Pay Structure

on an average salary of £19k, the company has an equivalent pay structure (£19k)

£19k - Rhodes Fitted Kitchens Limited

£19k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £64.1k, this is less efficient (£91.6k)

£64.1k - Rhodes Fitted Kitchens Limited

£91.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 98 days, this is later than average (9 days)

98 days - Rhodes Fitted Kitchens Limited

9 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 45 days, this is slower than average (34 days)

45 days - Rhodes Fitted Kitchens Limited

34 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Rhodes Fitted Kitchens Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Rhodes Fitted Kitchens Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 18.1%, this is a lower level of debt than the average (69.2%)

18.1% - Rhodes Fitted Kitchens Limited

69.2% - Industry AVG

rhodes fitted kitchens limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Rhodes Fitted Kitchens Limited Competitor Analysis

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Perform a competitor analysis for rhodes fitted kitchens limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.

rhodes fitted kitchens limited Ownership

RHODES FITTED KITCHENS LIMITED group structure

Rhodes Fitted Kitchens Limited has no subsidiary companies.

Ultimate parent company

RHODES FITTED KITCHENS LIMITED

01041948

RHODES FITTED KITCHENS LIMITED Shareholders

roger james clark 66.67%
joyce marion rhodes 33.33%

rhodes fitted kitchens limited directors

Rhodes Fitted Kitchens Limited currently has 2 directors. The longest serving directors include Mrs Joyce Rhodes (Jul 1991) and Mr Roger Clark (Oct 2007).

officercountryagestartendrole
Mrs Joyce Rhodes89 years Jul 1991- Director
Mr Roger ClarkUnited Kingdom62 years Oct 2007- Director

RHODES FITTED KITCHENS LIMITED financials

EXPORTms excel logo

Rhodes Fitted Kitchens Limited's latest turnover from March 2023 is estimated at £128.1 thousand and the company has net assets of £225.2 thousand. According to their latest financial statements, Rhodes Fitted Kitchens Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Turnover128,132177,960379,795303,046806,1831,184,7171,433,860441,358417,377271,696329,688237,999605,9300
Other Income Or Grants00000000000000
Cost Of Sales92,057128,181282,159213,615576,143850,1671,023,065314,614304,512198,098244,312173,946442,5780
Gross Profit36,07549,78097,63589,431230,040334,551410,795126,744112,86573,59885,37664,052163,3510
Admin Expenses44,32931,00540,616104,166277,284337,051453,595-221,84183,99483,97179,30471,270258,987-493,637
Operating Profit-8,25418,77557,019-14,735-47,244-2,500-42,800348,58528,871-10,3736,072-7,218-95,636493,637
Interest Payable00000000000000
Interest Receivable000000199398483379318187171126
Pre-Tax Profit-8,25418,77557,019-14,735-47,244-2,500-42,601348,98429,353-9,9946,389-7,031-95,465493,763
Tax0-3,567-10,8340000-69,797-6,1640-1,53300-138,253
Profit After Tax-8,25415,20846,185-14,735-47,244-2,500-42,601279,18723,189-9,9944,856-7,031-95,465355,509
Dividends Paid00000000000000
Retained Profit-8,25415,20846,185-14,735-47,244-2,500-42,601279,18723,189-9,9944,856-7,031-95,465355,509
Employee Costs38,00174,23970,28771,53054,140152,921183,09466,50549,32531,60747,23331,84077,5830
Number Of Employees244439114323250
EBITDA*-8,25418,77557,019-14,735-47,244-2,500-42,800353,71835,115-3,75313,250-38-88,516498,615

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Tangible Assets140,469151,551157,159162,77574,03575,39377,76068,71373,49279,11685,73692,91492,957100,077
Intangible Assets00000000000000
Investments & Other00000000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets140,469151,551157,159162,77574,03575,39377,76068,71373,49279,11685,73692,91492,957100,077
Stock & work in progress0000000153,414140,178124,795129,226151,370176,002170,393
Trade Debtors34,61251,645121,24348,713229,325242,670257,42051,84854,42131,28343,89723,56895,71074,563
Group Debtors0000000000000108,000
Misc Debtors100,000101,22952,22952,25012,270000000000
Cash0000000159,363112,05180,95070,47156,69218,18950,225
misc current assets0000010,8128,5940000000
total current assets134,612152,874173,472100,963241,595253,482266,014364,625306,650237,028243,594231,630289,901403,181
total assets275,081304,425330,631263,738315,630328,875343,774433,338380,142316,144329,330324,544382,858503,258
Bank overdraft00000000000000
Bank loan00000000000000
Trade Creditors 11,60117,13949,44080,122100,65577,02297,857148,116102,75562,12264,45063,794116,411140,727
Group/Directors Accounts00000000000000
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities00000000000000
total current liabilities11,60117,13949,44080,122100,65577,02297,857148,116102,75562,12264,45063,794116,411140,727
loans00000000000000
hp & lease commitments00000000000000
Accruals and Deferred Income16,46012,66012,89911,50927,10016,7348,2980000000
other liabilities21,77441,12650,00000000000000
provisions00001,0331,0331,0331,0331,3211,1452,0092,7351,4012,020
total long term liabilities38,23453,78662,89911,50928,13317,7679,3311,0331,3211,1452,0092,7351,4012,020
total liabilities49,83570,925112,33991,631128,78894,789107,188149,149104,07663,26766,45966,529117,812142,747
net assets225,246233,500218,292172,107186,842234,086236,586284,189276,066252,877262,871258,015265,046360,511
total shareholders funds225,246233,500218,292172,107186,842234,086236,586284,189276,066252,877262,871258,015265,046360,511
Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Operating Activities
Operating Profit-8,25418,77557,019-14,735-47,244-2,500-42,800348,58528,871-10,3736,072-7,218-95,636493,637
Depreciation00000005,1336,2446,6207,1787,1807,1204,978
Amortisation00000000000000
Tax0-3,567-10,8340000-69,797-6,1640-1,53300-138,253
Stock000000-153,414153,41415,383-4,431-22,144-24,6325,609170,393
Debtors-18,262-20,59872,509-140,632-1,075-14,750205,57251,84823,138-12,61420,329-72,142-86,853182,563
Creditors-5,538-32,301-30,682-20,53323,633-20,835-50,259148,11640,633-2,328656-52,617-24,316140,727
Accruals and Deferred Income3,800-2391,390-15,59110,3668,4368,2980000000
Deferred Taxes & Provisions000-1,0330001,033176-864-7261,334-6192,020
Cash flow from operations8,2703,266-55,61688,740-12,170-149-136,919227,80831,23910,10013,46245,453-32,207150,153
Investing Activities
capital expenditure11,0825,6085,616-88,7401,3582,367-9,047-73,846-62000-7,1370-105,055
Change in Investments00000000000000
cash flow from investments11,0825,6085,616-88,7401,3582,367-9,047-73,846-62000-7,1370-105,055
Financing Activities
Bank loans00000000000000
Group/Directors Accounts00000000000000
Other Short Term Loans 00000000000000
Long term loans00000000000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities-19,352-8,87450,00000000000000
share issue000000-5,0025,002000005,002
interest000000199398483379318187171126
cash flow from financing-19,352-8,87450,000000-4,8035,4004833793181871715,128
cash and cash equivalents
cash000000-159,363159,36331,10110,47913,77938,503-32,03650,225
overdraft00000000000000
change in cash000000-159,363159,36331,10110,47913,77938,503-32,03650,225

P&L

March 2023

turnover

128.1k

-28%

operating profit

-8.3k

0%

gross margin

28.2%

+0.65%

turnover

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

Balance Sheet

March 2023

net assets

225.2k

-0.04%

total assets

275.1k

-0.1%

cash

0

0%

net assets

Total assets minus all liabilities

rhodes fitted kitchens limited company details

company number

01041948

Type

Private limited with Share Capital

industry

47190 - Other retail sale in non-specialised stores

incorporation date

February 1972

age

52

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

expert refrigeration limited (October 1985)

incorporated

UK

address

21 oxford st, market rasen, lincs, LN8 3AL

last accounts submitted

March 2023

rhodes fitted kitchens 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 rhodes fitted kitchens limited.

charges

rhodes fitted kitchens limited Companies House Filings - See Documents

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