Ridgequest Limited

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ridgequest limited Company Information

Live

MatureSmallDeclining

Company Number

01266020

Website

www.ridgequest.co.uk

Registered Address

croft lane, croft, nr skegness, lincs, PE24 4PA

Industry

Casting of iron

Telephone

01754880512

Next Accounts Due

March 2025

Group Structure

View All

Directors

Kevin Beardwood32 Years

Stephen Beardwood11 Years

Shareholders

stephen a. beardwood 49%

kevin beardwood 31%

View All

ridgequest limited Estimated Valuation

£469.1k

Pomanda estimates the enterprise value of RIDGEQUEST LIMITED at £469.1k based on a Turnover of £1.7m and 0.27x industry multiple (adjusted for size and gross margin).

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Ridgequest Limited is a live company located in nr skegness, PE24 4PA with a Companies House number of 01266020. It operates in the casting of iron sector, SIC Code 24510. Founded in June 1976, it's largest shareholder is stephen a. beardwood with a 49% stake. Ridgequest Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.7m with declining growth in recent years.

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Pomanda's financial health check has awarded Ridgequest 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 Rating2out of 5

2 Strong

1 Regular

7 Weak

Size

annual sales of £1.7m, make it smaller than the average company (£28.9m)

Growth

3 year (CAGR) sales growth of -8%, show it is growing at a slower rate (8.2%)

EXPORT

Ridgequest Limited's latest turnover from June 2023 is estimated at £1.7 million and the company has net assets of £142.2 thousand. According to their latest financial statements, Ridgequest Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	1,733,643	2,339,433	2,109,775	2,199,776	2,006,067	2,846,568	2,458,581	2,362,301	2,343,392	778,225	631,815	530,768	357,974	339,559
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,535,977	2,101,152	1,996,633	2,013,959	1,747,037	2,452,342	2,095,746	2,021,708	1,978,651	674,641	528,731	453,238	308,426	290,942
Gross Profit	197,666	238,281	113,142	185,818	259,029	394,226	362,835	340,593	364,741	103,583	103,085	77,529	49,548	48,617
Admin Expenses	194,070	231,982	117,978	184,911	258,955	394,194	410,440	279,788	365,780	88,816	77,648	86,987	74,553	-135,324
Operating Profit	3,596	6,299	-4,836	907	74	32	-47,605	60,805	-1,039	14,767	25,437	-9,458	-25,005	183,941
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0	0	1,317	2,474	2,151	1,907	1,802	890
Pre-Tax Profit	3,596	6,299	-4,836	907	74	32	-47,605	60,805	278	17,241	27,588	-7,551	-23,203	184,831
Tax	-899	-1,197	0	-172	-14	-6	0	-12,161	-55	-3,621	-6,345	0	0	-51,753
Profit After Tax	2,697	5,102	-4,836	735	60	26	-47,605	48,644	222	13,620	21,243	-7,551	-23,203	133,078
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	2,697	5,102	-4,836	735	60	26	-47,605	48,644	222	13,620	21,243	-7,551	-23,203	133,078
Employee Costs	38,234	36,696	35,667	34,860	36,052	796,937	778,856	688,606	662,264	210,000	186,152	151,917	124,094	101,452
Number Of Employees	1	1	1	1	1	24	24	22	21	7	6	5	4	4
EBITDA*	3,596	6,299	-4,836	907	74	32	-47,605	60,805	-1,039	16,293	27,012	-7,802	-23,289	185,321

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	12,304	13,388	14,577	15,890	13,472	14,419	15,448	16,573	17,812	19,182	19,346	19,423	20,351	20,059
Intangible Assets	0	0	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	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	12,304	13,388	14,577	15,890	13,472	14,419	15,448	16,573	17,812	19,182	19,346	19,423	20,351	20,059
Stock & work in progress	0	0	0	0	0	0	0	0	0	1,682	1,960	3,741	1,638	2,609
Trade Debtors	658,999	807,670	770,571	741,672	727,564	697,112	659,106	637,189	584,568	14,586	9,972	9,633	6,299	5,196
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	0	0	526,650	462,897	397,666	364,937	356,006
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	658,999	807,670	770,571	741,672	727,564	697,112	659,106	637,189	584,568	542,918	474,829	411,040	372,874	363,811
total assets	671,303	821,058	785,148	757,562	741,036	711,531	674,554	653,762	602,380	562,100	494,175	430,463	393,225	383,870
Bank overdraft	0	0	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	0	0
Trade Creditors	526,733	680,342	649,534	617,112	601,321	571,876	534,925	466,528	463,790	423,632	349,391	307,004	263,250	230,692
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	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	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	526,733	680,342	649,534	617,112	601,321	571,876	534,925	466,528	463,790	423,632	349,391	307,004	263,250	230,692
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	0	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	20,000	20,000	20,000	20,000
provisions	2,338	1,181	1,181	1,181	1,181	1,181	1,181	1,181	1,181	1,181	1,117	1,035	0	0
total long term liabilities	2,338	1,181	1,181	1,181	1,181	1,181	1,181	1,181	1,181	1,181	21,117	21,035	20,000	20,000
total liabilities	529,071	681,523	650,715	618,293	602,502	573,057	536,106	467,709	464,971	424,813	370,508	328,039	283,250	250,692
net assets	142,232	139,535	134,433	139,269	138,534	138,474	138,448	186,053	137,409	137,287	123,667	102,424	109,975	133,178
total shareholders funds	142,232	139,535	134,433	139,269	138,534	138,474	138,448	186,053	137,409	137,287	123,667	102,424	109,975	133,178

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	3,596	6,299	-4,836	907	74	32	-47,605	60,805	-1,039	14,767	25,437	-9,458	-25,005	183,941
Depreciation	0	0	0	0	0	0	0	0	0	1,526	1,575	1,656	1,716	1,380
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-899	-1,197	0	-172	-14	-6	0	-12,161	-55	-3,621	-6,345	0	0	-51,753
Stock	0	0	0	0	0	0	0	0	-1,682	-278	-1,781	2,103	-971	2,609
Debtors	-148,671	37,099	28,899	14,108	30,452	38,006	21,917	52,621	569,982	4,614	339	3,334	1,103	5,196
Creditors	-153,609	30,808	32,422	15,791	29,445	36,951	68,397	2,738	40,158	74,241	42,387	43,754	32,558	230,692
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	1,157	0	0	0	0	0	0	0	0	64	82	1,035	0	0
Cash flow from operations	-1,084	-1,189	-1,313	2,418	-947	-1,029	-1,125	-1,239	-529,236	82,641	64,578	31,550	9,137	356,455
Investing Activities
capital expenditure	1,084	1,189	1,313	-2,418	947	1,029	1,125	1,239	1,370	-1,362	-1,498	-728	-2,008	-21,439
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	1,084	1,189	1,313	-2,418	947	1,029	1,125	1,239	1,370	-1,362	-1,498	-728	-2,008	-21,439
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	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	0	0
Hire Purchase and Lease Commitments	0	0	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	-20,000	0	0	0	20,000
share issue	0	0	0	0	0	0	0	0	-100	0	0	0	0	100
interest	0	0	0	0	0	0	0	0	1,317	2,474	2,151	1,907	1,802	890
cash flow from financing	0	0	0	0	0	0	0	0	1,217	-17,526	2,151	1,907	1,802	20,990
cash and cash equivalents
cash	0	0	0	0	0	0	0	0	-526,650	63,753	65,231	32,729	8,931	356,006
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	0	0	-526,650	63,753	65,231	32,729	8,931	356,006

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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RIDGEQUEST LIMITED group structure

Ridgequest Limited has no subsidiary companies.

Ultimate parent company

RIDGEQUEST LIMITED

01266020

RIDGEQUEST LIMITED Shareholders

stephen a. beardwood	49%
kevin beardwood	31%
christine beardwood	20%

Ridgequest Limited currently has 2 directors. The longest serving directors include Mr Kevin Beardwood (Mar 1992) and Mr Stephen Beardwood (Mar 2013).

officer	country	age	start	end	role
Mr Kevin Beardwood		89 years	Mar 1992	-	Director
Mr Stephen Beardwood	England	57 years	Mar 2013	-	Director

P&L

June 2023

turnover

1.7m

-26%

operating profit

3.6k

gross margin

11.5%

+11.94%

turnover

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

Balance Sheet

June 2023

net assets

142.2k

+0.02%

total assets

671.3k

-0.18%

cash

net assets

Total assets minus all liabilities

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company number

01266020

Type

Private limited with Share Capital

industry

24510 - Casting of iron

incorporation date

June 1976

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

last accounts submitted

June 2023

address

croft lane, croft, nr skegness, lincs, PE24 4PA

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 ridgequest limited.

ridgequest limited Company Information

ridgequest limited Estimated Valuation

ridgequest limited Estimated Valuation

ridgequest limited Estimated Valuation

Ridgequest Limited Overview

Ridgequest Limited Health Check

RIDGEQUEST LIMITED financials

ridgequest limited Credit Report and Business Information

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ridgequest limited Ownership

ridgequest limited directors

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