vapor ricon europe ltd
vapor ricon europe ltd Company Information
Company Number
01074541
Next Accounts
820 days late
Industry
Other service activities incidental to land transportation, n.e.c. (not including operation of rail freight terminals, passenger facilities at railway stations or passenger facilities at bus and coach stations)
Directors
Shareholders
fandstan electric group limited
Group Structure
View All
Contact
Registered Address
c/o frp advisory ashcroft house, ervington court, leicester, LE19 1WL
Website
www.vaporricon.co.ukvapor ricon europe ltd Estimated Valuation
Pomanda estimates the enterprise value of VAPOR RICON EUROPE LTD at £2.7m based on a Turnover of £4.4m and 0.63x industry multiple (adjusted for size and gross margin).
vapor ricon europe ltd Estimated Valuation
Pomanda estimates the enterprise value of VAPOR RICON EUROPE LTD at £1.3m based on an EBITDA of £324.9k and a 4.08x industry multiple (adjusted for size and gross margin).
vapor ricon europe ltd Estimated Valuation
Pomanda estimates the enterprise value of VAPOR RICON EUROPE LTD at £16.8m based on Net Assets of £7.1m and 2.35x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Vapor Ricon Europe Ltd Overview
Vapor Ricon Europe Ltd is a live company located in leicester, LE19 1WL with a Companies House number of 01074541. It operates in the other service activities incidental to land transportation, n.e.c. sector, SIC Code 52219. Founded in September 1972, it's largest shareholder is fandstan electric group limited with a 100% stake. Vapor Ricon Europe Ltd is a mature, small sized company, Pomanda has estimated its turnover at £4.4m with declining growth in recent years.
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Vapor Ricon Europe Ltd Health Check
Pomanda's financial health check has awarded Vapor Ricon Europe Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
4 Regular
6 Weak
Size
annual sales of £4.4m, make it smaller than the average company (£8.8m)
£4.4m - Vapor Ricon Europe Ltd
£8.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (3.1%)
-6% - Vapor Ricon Europe Ltd
3.1% - Industry AVG
Production
with a gross margin of 23.3%, this company has a lower cost of product (18.5%)
23.3% - Vapor Ricon Europe Ltd
18.5% - Industry AVG
Profitability
an operating margin of 7.2% make it more profitable than the average company (3.3%)
7.2% - Vapor Ricon Europe Ltd
3.3% - Industry AVG
Employees
with 30 employees, this is below the industry average (43)
- Vapor Ricon Europe Ltd
43 - Industry AVG
Pay Structure
on an average salary of £38.2k, the company has an equivalent pay structure (£38.2k)
- Vapor Ricon Europe Ltd
£38.2k - Industry AVG
Efficiency
resulting in sales per employee of £145.8k, this is equally as efficient (£148.1k)
- Vapor Ricon Europe Ltd
£148.1k - Industry AVG
Debtor Days
it gets paid by customers after 60 days, this is later than average (47 days)
60 days - Vapor Ricon Europe Ltd
47 days - Industry AVG
Creditor Days
its suppliers are paid after 9 days, this is quicker than average (24 days)
9 days - Vapor Ricon Europe Ltd
24 days - Industry AVG
Stock Days
it holds stock equivalent to 63 days, this is more than average (4 days)
63 days - Vapor Ricon Europe Ltd
4 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 19 weeks, this is average cash available to meet short term requirements (17 weeks)
19 weeks - Vapor Ricon Europe Ltd
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 58.9%, this is a similar level of debt than the average (63.5%)
58.9% - Vapor Ricon Europe Ltd
63.5% - Industry AVG
VAPOR RICON EUROPE LTD financials
Vapor Ricon Europe Ltd's latest turnover from December 2020 is £4.4 million and the company has net assets of £7.1 million. According to their latest financial statements, we estimate that Vapor Ricon Europe Ltd has 30 employees and maintains cash reserves of £3.9 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 4,375,462 | 4,748,920 | 5,084,341 | 5,273,683 | 5,628,167 | 5,396,532 | 4,950,371 | 6,162,806 | 7,251,097 | 7,561,256 | 9,172,297 | 8,967,173 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 3,356,300 | 3,536,384 | 3,972,825 | 4,024,256 | 4,081,884 | 3,715,727 | 3,400,634 | 4,839,502 | 5,836,166 | 6,021,692 | 6,996,154 | 6,724,266 |
| Gross Profit | 1,019,162 | 1,212,536 | 1,111,516 | 1,249,427 | 1,546,283 | 1,680,805 | 1,549,737 | 1,323,304 | 1,414,931 | 1,539,564 | 2,176,143 | 2,242,907 |
| Admin Expenses | 704,134 | 840,367 | 1,527,660 | 1,012,787 | 1,561,248 | 1,451,537 | 1,007,173 | 775,065 | 635,488 | 1,113,549 | 1,163,071 | 1,459,421 |
| Operating Profit | 315,028 | 372,169 | -416,144 | 236,640 | -14,965 | 229,268 | 542,564 | 548,239 | 779,443 | 426,015 | 1,013,072 | 783,486 |
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 884 | 215 | 0 | 665 | 11,922 |
| Interest Receivable | 120,077 | 109,020 | 105,046 | 66,291 | 43,762 | 208,624 | 185,969 | 185,291 | 94,783 | 6,588 | 9,080 | 1,389 |
| Pre-Tax Profit | 435,105 | 481,189 | -311,098 | 302,931 | 28,797 | 437,892 | 728,533 | 732,646 | 874,011 | 432,603 | 1,021,487 | 772,953 |
| Tax | 0 | 0 | 0 | 7,091 | 11,116 | 3,413 | 938 | 5,187 | -203,807 | -120,634 | -308,579 | -217,851 |
| Profit After Tax | 435,105 | 481,189 | -311,098 | 310,022 | 39,913 | 441,305 | 729,471 | 737,833 | 670,204 | 311,969 | 712,908 | 555,102 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 435,105 | 481,189 | -311,098 | 310,022 | 39,913 | 441,305 | 729,471 | 737,833 | 670,204 | 311,969 | 712,908 | 555,102 |
| Employee Costs | 312,912 | 319,090 | 490,704 | 739,189 | 778,369 | 588,474 | ||||||
| Number Of Employees | 9 | 12 | 12 | 11 | 9 | 8 | 11 | 12 | 16 | 14 | ||
| EBITDA* | 324,949 | 381,775 | -397,721 | 277,212 | 27,203 | 270,244 | 573,454 | 567,728 | 796,536 | 444,809 | 1,029,953 | 800,832 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| 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 | 46,893 | 56,814 | 66,420 | 53,736 | 81,451 | 101,067 | 87,760 | 94,518 | 100,713 | 112,375 | 49,000 | 53,321 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 46,893 | 56,814 | 66,420 | 53,736 | 81,451 | 101,067 | 87,760 | 94,518 | 100,713 | 112,375 | 49,000 | 53,321 |
| Stock & work in progress | 580,866 | 625,207 | 922,023 | 825,717 | 1,026,905 | 915,875 | 850,828 | 811,382 | 889,920 | 707,265 | 792,531 | 1,244,235 |
| Trade Debtors | 727,413 | 762,627 | 1,278,221 | 990,470 | 1,508,337 | 743,908 | 897,267 | 1,184,679 | 1,291,517 | 1,138,040 | 1,131,599 | 1,663,683 |
| Group Debtors | 11,999,220 | 11,088,281 | 9,774,802 | 8,991,738 | 6,127,029 | 6,921,501 | 5,912,480 | 4,971,051 | 3,580,516 | 0 | 0 | 0 |
| Misc Debtors | 81,245 | 206,377 | 192,845 | 144,120 | 39,348 | 128,175 | 93,687 | 135,841 | 358,611 | 120,263 | 62,921 | 110,855 |
| Cash | 3,916,499 | 2,028,178 | 1,176,807 | 799,553 | 441,097 | 2,685,582 | 2,317,939 | 1,876,623 | 1,560,795 | 3,906,022 | 2,577,950 | 1,661,430 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 17,305,243 | 14,710,670 | 13,344,698 | 11,751,598 | 9,142,716 | 11,395,041 | 10,072,201 | 8,979,576 | 7,681,359 | 5,871,590 | 4,565,001 | 4,680,203 |
| total assets | 17,352,136 | 14,767,484 | 13,411,118 | 11,805,334 | 9,224,167 | 11,496,108 | 10,159,961 | 9,074,094 | 7,782,072 | 5,983,965 | 4,614,001 | 4,733,524 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 89,569 | 179,047 | 218,462 | 181,182 | 283,462 | 203,212 | 270,440 | 231,684 | 177,781 | 216,361 | 192,037 | 236,548 |
| Group/Directors Accounts | 10,023,317 | 7,791,241 | 6,611,134 | 4,833,257 | 2,368,858 | 4,708,108 | 3,785,030 | 3,590,212 | 3,058,139 | 1,922,952 | 847,481 | 1,485,017 |
| other short term finances | 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 |
| other current liabilities | 106,096 | 99,147 | 364,662 | 262,937 | 330,498 | 340,856 | 275,073 | 150,784 | 205,623 | 241,527 | 283,327 | 433,711 |
| total current liabilities | 10,218,982 | 8,069,435 | 7,194,258 | 5,277,376 | 2,982,818 | 5,252,176 | 4,330,543 | 3,972,680 | 3,441,543 | 2,380,840 | 1,322,845 | 2,155,276 |
| loans | 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 |
| Accruals and Deferred Income | 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 |
| provisions | 0 | 0 | 0 | 0 | 23,413 | 65,909 | 92,700 | 94,167 | 71,115 | 3,915 | 3,915 | 3,915 |
| total long term liabilities | 0 | 0 | 0 | 0 | 23,413 | 65,909 | 92,700 | 94,167 | 71,115 | 3,915 | 3,915 | 3,915 |
| total liabilities | 10,218,982 | 8,069,435 | 7,194,258 | 5,277,376 | 3,006,231 | 5,318,085 | 4,423,243 | 4,066,847 | 3,512,658 | 2,384,755 | 1,326,760 | 2,159,191 |
| net assets | 7,133,154 | 6,698,049 | 6,216,860 | 6,527,958 | 6,217,936 | 6,178,023 | 5,736,718 | 5,007,247 | 4,269,414 | 3,599,210 | 3,287,241 | 2,574,333 |
| total shareholders funds | 7,133,154 | 6,698,049 | 6,216,860 | 6,527,958 | 6,217,936 | 6,178,023 | 5,736,718 | 5,007,247 | 4,269,414 | 3,599,210 | 3,287,241 | 2,574,333 |
| 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 | 315,028 | 372,169 | -416,144 | 236,640 | -14,965 | 229,268 | 542,564 | 548,239 | 779,443 | 426,015 | 1,013,072 | 783,486 |
| Depreciation | 9,921 | 9,606 | 18,423 | 40,572 | 42,168 | 40,976 | 30,890 | 19,489 | 17,093 | 18,794 | 16,881 | 17,346 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 7,091 | 11,116 | 3,413 | 938 | 5,187 | -203,807 | -120,634 | -308,579 | -217,851 |
| Stock | -44,341 | -296,816 | 96,306 | -201,188 | 111,030 | 65,047 | 39,446 | -78,538 | 182,655 | -85,266 | -451,704 | 1,244,235 |
| Debtors | 750,593 | 811,417 | 1,119,540 | 2,451,614 | -118,870 | 890,150 | 611,863 | 1,060,927 | 3,972,341 | 63,783 | -580,018 | 1,774,538 |
| Creditors | -89,478 | -39,415 | 37,280 | -102,280 | 80,250 | -67,228 | 38,756 | 53,903 | -38,580 | 24,324 | -44,511 | 236,548 |
| Accruals and Deferred Income | 6,949 | -265,515 | 101,725 | -67,561 | -10,358 | 65,783 | 124,289 | -54,839 | -35,904 | -41,800 | -150,384 | 433,711 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | -23,413 | -42,496 | -26,791 | -1,467 | 23,052 | 67,200 | 0 | 0 | 3,915 |
| Cash flow from operations | -463,832 | -437,756 | -1,474,562 | -2,159,377 | 73,555 | -709,776 | 84,661 | -387,358 | -3,569,551 | 328,182 | 1,558,201 | -1,761,618 |
| Investing Activities | ||||||||||||
| capital expenditure | 855 | |||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 855 | |||||||||||
| Financing Activities | ||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 2,232,076 | 1,180,107 | 1,777,877 | 2,464,399 | -2,339,250 | 923,078 | 194,818 | 532,073 | 1,135,187 | 1,075,471 | -637,536 | 1,485,017 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 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 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||
| interest | 120,077 | 109,020 | 105,046 | 66,291 | 43,762 | 208,624 | 185,969 | 184,407 | 94,568 | 6,588 | 8,415 | -10,533 |
| cash flow from financing | 2,352,153 | 1,289,127 | 1,882,923 | 2,530,690 | -2,295,488 | 1,131,702 | 380,787 | 716,480 | 1,229,755 | 1,082,059 | -629,121 | 3,493,715 |
| cash and cash equivalents | ||||||||||||
| cash | 1,888,321 | 851,371 | 377,254 | 358,456 | -2,244,485 | 367,643 | 441,316 | 315,828 | -2,345,227 | 1,328,072 | 916,520 | 1,661,430 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 1,888,321 | 851,371 | 377,254 | 358,456 | -2,244,485 | 367,643 | 441,316 | 315,828 | -2,345,227 | 1,328,072 | 916,520 | 1,661,430 |
vapor ricon europe ltd Credit Report and Business Information
Vapor Ricon Europe Ltd Competitor Analysis
Perform a competitor analysis for vapor ricon europe ltd by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other small companies, companies in LE19 area or any other competitors across 12 key performance metrics.
vapor ricon europe ltd Ownership
VAPOR RICON EUROPE LTD group structure
Vapor Ricon Europe Ltd has no subsidiary companies.
Ultimate parent company
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP
#0101295
2 parents
VAPOR RICON EUROPE LTD
01074541
vapor ricon europe ltd directors
Vapor Ricon Europe Ltd currently has 1 director, Ms Nichola Bramley serving since Aug 2022.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Nichola Bramley | 42 years | Aug 2022 | - | Director |
P&L
December 2020turnover
4.4m
-8%
operating profit
315k
-15%
gross margin
23.3%
-8.77%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2020net assets
7.1m
+0.06%
total assets
17.4m
+0.18%
cash
3.9m
+0.93%
net assets
Total assets minus all liabilities
vapor ricon europe ltd company details
company number
01074541
Type
Private limited with Share Capital
industry
52219 - Other service activities incidental to land transportation, n.e.c. (not including operation of rail freight terminals, passenger facilities at railway stations or passenger facilities at bus and coach stations)
incorporation date
September 1972
age
52
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2020
previous names
ricon uk limited (December 2008)
p. & j. fretwell limited (March 1991)
accountant
-
auditor
COOPER PARRY GROUP LIMITED
address
c/o frp advisory ashcroft house, ervington court, leicester, LE19 1WL
Bank
-
Legal Advisor
-
vapor ricon europe ltd 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 vapor ricon europe ltd. Currently there are 0 open charges and 2 have been satisfied in the past.
vapor ricon europe ltd 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.
Click to start generating capital raising & share issue transactions for VAPOR RICON EUROPE LTD. This can take several minutes, an email will notify you when this has completed.
vapor ricon europe ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
