R. & R. Polishing Limited

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r. & r. polishing limited Company Information

Live

MatureMicroDeclining

Company Number

01407366

Website

http://thesheffieldcutleryshop.co.uk

Registered Address

261 oldfield rd, sheffield, S6 6EA

Industry

Other manufacturing n.e.c.

Telephone

01142314093

Next Accounts Due

December 2024

Group Structure

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Directors

Richard Idell (Junior)32 Years

Shareholders

richard idell jnr 60%

mrs ann idell 20%

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r. & r. polishing limited Estimated Valuation

£168k

Pomanda estimates the enterprise value of R. & R. POLISHING LIMITED at £168k based on a Turnover of £282.9k and 0.59x industry multiple (adjusted for size and gross margin).

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R. & R. Polishing Limited is a live company located in sheffield, S6 6EA with a Companies House number of 01407366. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in January 1979, it's largest shareholder is richard idell jnr with a 60% stake. R. & R. Polishing Limited is a mature, micro sized company, Pomanda has estimated its turnover at £282.9k with declining growth in recent years.

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Pomanda's financial health check has awarded R. & R. Polishing Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

3 Regular

6 Weak

Size

annual sales of £282.9k, make it smaller than the average company (£13.2m)

Growth

3 year (CAGR) sales growth of -21%, show it is growing at a slower rate (4.1%)

EXPORT

R. & R. Polishing Limited's latest turnover from March 2023 is estimated at £282.9 thousand and the company has net assets of £120.8 thousand. According to their latest financial statements, R. & R. Polishing Limited has 4 employees and maintains cash reserves of £138.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	282,947	245,200	642,388	563,686	522,452	396,584	318,404	117,741	140,327	117,577	110,744	93,887	117,676	120,452
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	200,238	172,804	461,060	398,439	364,393	273,825	216,517	80,026	95,993	79,991	75,437	63,440	79,380	80,939
Gross Profit	82,709	72,396	181,328	165,247	158,058	122,759	101,887	37,714	44,333	37,586	35,307	30,447	38,297	39,514
Admin Expenses	88,080	41,618	159,397	158,073	143,056	116,645	102,853	55,568	14,878	37,947	34,174	40,238	40,703	-43,390
Operating Profit	-5,371	30,778	21,931	7,174	15,002	6,114	-966	-17,854	29,455	-361	1,133	-9,791	-2,406	82,904
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	6,013	540	0	0	0	0	25	165	186	102	82	133	134	51
Pre-Tax Profit	642	31,319	21,931	7,174	15,002	6,114	-941	-17,689	29,641	-259	1,214	-9,658	-2,272	82,956
Tax	-122	-5,951	-4,167	-1,363	-2,850	-1,162	0	0	-6,225	0	-291	0	0	-23,228
Profit After Tax	520	25,368	17,764	5,811	12,152	4,952	-941	-17,689	23,416	-259	923	-9,658	-2,272	59,728
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	520	25,368	17,764	5,811	12,152	4,952	-941	-17,689	23,416	-259	923	-9,658	-2,272	59,728
Employee Costs	159,448	151,781	145,629	145,006	143,244	103,889	100,350	33,044	32,655	31,600	31,354	31,149	30,443	59,074
Number Of Employees	4	4	4	4	4	3	3	1	1	1	1	1	1	2
EBITDA*	-3,719	30,778	21,931	7,174	15,002	6,114	-966	-17,024	30,325	319	1,816	-9,181	-1,681	83,731

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	10,792	12,444	11,594	9,270	9,530	10,240	10,950	11,770	12,600	12,560	13,240	13,370	13,980	14,705
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	10,792	12,444	11,594	9,270	9,530	10,240	10,950	11,770	12,600	12,560	13,240	13,370	13,980	14,705
Stock & work in progress	12,418	11,512	0	0	0	0	0	15,290	14,802	15,100	15,200	14,000	14,000	18,600
Trade Debtors	39,110	29,570	137,404	115,360	107,681	82,280	67,556	25,105	27,618	20,649	23,865	18,186	22,595	24,384
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	446	413	395	0	0	0	0	0	0	0	0	0	0
Cash	138,930	144,022	0	0	0	0	0	20,017	46,159	28,238	12,527	20,261	32,991	20,520
misc current assets	0	0	0	0	3,604	3,905	3,605	0	0	0	0	0	0	0
total current assets	190,458	185,550	137,817	115,755	111,285	86,185	71,161	60,412	88,579	63,987	51,592	52,447	69,586	63,504
total assets	201,250	197,994	149,411	125,025	120,815	96,425	82,111	72,182	101,179	76,547	64,832	65,817	83,566	78,209
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	14,830	11,287	55,484	48,862	50,463	38,225	28,863	16,993	28,301	27,085	15,111	17,019	25,110	17,481
Group/Directors Accounts	40,502	44,466	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	25,103	21,946	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	80,435	77,699	55,484	48,862	50,463	38,225	28,863	16,993	28,301	27,085	15,111	17,019	25,110	17,481
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	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	80,435	77,699	55,484	48,862	50,463	38,225	28,863	16,993	28,301	27,085	15,111	17,019	25,110	17,481
net assets	120,815	120,295	93,927	76,163	70,352	58,200	53,248	55,189	72,878	49,462	49,721	48,798	58,456	60,728
total shareholders funds	120,815	120,295	93,927	76,163	70,352	58,200	53,248	55,189	72,878	49,462	49,721	48,798	58,456	60,728

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-5,371	30,778	21,931	7,174	15,002	6,114	-966	-17,854	29,455	-361	1,133	-9,791	-2,406	82,904
Depreciation	1,652	0	0	0	0	0	0	830	870	680	683	610	725	827
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-122	-5,951	-4,167	-1,363	-2,850	-1,162	0	0	-6,225	0	-291	0	0	-23,228
Stock	906	11,512	0	0	0	0	-15,290	488	-298	-100	1,200	0	-4,600	18,600
Debtors	9,094	-107,801	22,062	8,074	25,401	14,724	42,451	-2,513	6,969	-3,216	5,679	-4,409	-1,789	24,384
Creditors	3,543	-44,197	6,622	-1,601	12,238	9,362	11,870	-11,308	1,216	11,974	-1,908	-8,091	7,629	17,481
Accruals and Deferred Income	3,157	21,946	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-7,141	98,865	2,324	-3,864	-1,011	-410	-16,257	-26,307	18,645	15,609	-7,262	-12,863	12,337	35,000
Investing Activities
capital expenditure	0	-850	-2,324	260	710	710	820	0	-910	0	-553	0	0	-15,532
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-850	-2,324	260	710	710	820	0	-910	0	-553	0	0	-15,532
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-3,964	44,466	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	0	0	0	0	0
share issue	0	1,000	0	0	0	0	-1,000	0	0	0	0	0	0	1,000
interest	6,013	540	0	0	0	0	25	165	186	102	82	133	134	51
cash flow from financing	2,049	46,006	0	0	0	0	-975	165	186	102	82	133	134	1,051
cash and cash equivalents
cash	-5,092	144,022	0	0	0	0	-20,017	-26,142	17,921	15,711	-7,734	-12,730	12,471	20,520
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-5,092	144,022	0	0	0	0	-20,017	-26,142	17,921	15,711	-7,734	-12,730	12,471	20,520

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for r. & r. polishing limited by selecting its closest rivals, whether from the MANUFACTURING sector, other micro companies, companies in S 6 area or any other competitors across 12 key performance metrics.

R. & R. POLISHING LIMITED group structure

R. & R. Polishing Limited has no subsidiary companies.

Ultimate parent company

R. & R. POLISHING LIMITED

01407366

R. & R. POLISHING LIMITED Shareholders

richard idell jnr	60%
mrs ann idell	20%
lee idell	20%

R. & R. Polishing Limited currently has 1 director, Mr Richard Idell (Junior) serving since Oct 1991.

officer	country	age	start	end	role
Mr Richard Idell (Junior)		78 years	Oct 1991	-	Director

P&L

March 2023

turnover

282.9k

+15%

operating profit

-5.4k

gross margin

29.3%

-1%

turnover

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

Balance Sheet

March 2023

net assets

120.8k

total assets

201.3k

+0.02%

cash

138.9k

-0.04%

net assets

Total assets minus all liabilities

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company number

01407366

Type

Private limited with Share Capital

industry

32990 - Other manufacturing n.e.c.

incorporation date

January 1979

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

March 2023

address

261 oldfield rd, sheffield, S6 6EA

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 r. & r. polishing limited.

r. & r. polishing limited Company Information

r. & r. polishing limited Estimated Valuation

r. & r. polishing limited Estimated Valuation

r. & r. polishing limited Estimated Valuation

R. & R. Polishing Limited Overview

R. & R. Polishing Limited Health Check

R. & R. POLISHING LIMITED financials

r. & r. polishing limited Credit Report and Business Information

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r. & r. polishing limited Ownership

r. & r. polishing limited directors

r. & r. polishing limited company details

r. & r. polishing limited Charges & Mortgages

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