richard neave limited
richard neave limited Company Information
Company Number
01492348
Next Accounts
Feb 2025
Shareholders
annette elvyn neave
Group Structure
View All
Industry
Removal services
+1Registered Address
king street house, 15 upper king street, norwich, norfolk, NR3 1RB
Website
britannia-neaves.co.ukrichard neave limited Estimated Valuation
Pomanda estimates the enterprise value of RICHARD NEAVE LIMITED at £1.2m based on a Turnover of £998.3k and 1.16x industry multiple (adjusted for size and gross margin).
richard neave limited Estimated Valuation
Pomanda estimates the enterprise value of RICHARD NEAVE LIMITED at £0 based on an EBITDA of £-104.3k and a 7.95x industry multiple (adjusted for size and gross margin).
richard neave limited Estimated Valuation
Pomanda estimates the enterprise value of RICHARD NEAVE LIMITED at £886.4k based on Net Assets of £389.3k and 2.28x industry multiple (adjusted for liquidity).
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Richard Neave Limited Overview
Richard Neave Limited is a dissolved company that was located in norwich, NR3 1RB with a Companies House number of 01492348. It operated in the removal services sector, SIC Code 49420. Founded in April 1980, it's largest shareholder was annette elvyn neave with a 100% stake. The last turnover for Richard Neave Limited was estimated at £998.3k.
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Richard Neave Limited Health Check
Pomanda's financial health check has awarded Richard Neave Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
6 Weak
Size
annual sales of £998.3k, make it smaller than the average company (£2.8m)
- Richard Neave Limited
£2.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (3.9%)
- Richard Neave Limited
3.9% - Industry AVG
Production
with a gross margin of 110.5%, this company has a lower cost of product (40%)
- Richard Neave Limited
40% - Industry AVG
Profitability
an operating margin of -11.4% make it less profitable than the average company (5.4%)
- Richard Neave Limited
5.4% - Industry AVG
Employees
with 26 employees, this is below the industry average (58)
26 - Richard Neave Limited
58 - Industry AVG
Pay Structure
on an average salary of £28.6k, the company has an equivalent pay structure (£28.6k)
- Richard Neave Limited
£28.6k - Industry AVG
Efficiency
resulting in sales per employee of £38.4k, this is less efficient (£91.7k)
- Richard Neave Limited
£91.7k - Industry AVG
Debtor Days
it gets paid by customers after 32 days, this is earlier than average (42 days)
- Richard Neave Limited
42 days - Industry AVG
Creditor Days
its suppliers are paid after 105 days, this is slower than average (34 days)
- Richard Neave Limited
34 days - Industry AVG
Stock Days
it holds stock equivalent to 19 days, this is more than average (3 days)
- Richard Neave Limited
3 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (14 weeks)
0 weeks - Richard Neave Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 54.1%, this is a lower level of debt than the average (61.2%)
54.1% - Richard Neave Limited
61.2% - Industry AVG
RICHARD NEAVE LIMITED financials
Richard Neave Limited's latest turnover from November 2016 is estimated at £998.3 thousand and the company has net assets of £389.3 thousand. According to their latest financial statements, Richard Neave Limited has 26 employees and maintains cash reserves of £1.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||
| Other Income Or Grants | ||||||||
| Cost Of Sales | ||||||||
| Gross Profit | 1,103,169 | 1,243,777 | ||||||
| Admin Expenses | 1,216,731 | 1,226,611 | ||||||
| Operating Profit | -113,562 | 17,166 | ||||||
| Interest Payable | 12,363 | 13,071 | ||||||
| Interest Receivable | 0 | 0 | ||||||
| Pre-Tax Profit | -125,925 | 4,095 | ||||||
| Tax | 2,536 | -2,536 | ||||||
| Profit After Tax | -123,389 | 1,559 | ||||||
| Dividends Paid | 0 | 10,000 | ||||||
| Retained Profit | -123,389 | -8,441 | ||||||
| Employee Costs | ||||||||
| Number Of Employees | 26 | 24 | ||||||
| EBITDA* | -104,338 | 33,538 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 682,370 | 682,095 | 684,927 | 702,749 | 673,584 | 707,740 | 708,552 | 723,255 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 33,874 | 33,874 | 32,941 | 32,663 | 32,663 | 32,663 | 31,327 | 31,327 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 716,244 | 715,969 | 717,868 | 735,412 | 706,247 | 740,403 | 739,879 | 754,582 |
| Stock & work in progress | 41,637 | 41,637 | 45,054 | 37,885 | 21,052 | 15,000 | 15,780 | 10,029 |
| Trade Debtors | 88,015 | 88,637 | 78,306 | 105,594 | 115,028 | 107,253 | 59,166 | 98,908 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,423 |
| Cash | 1,888 | 49,375 | 43,228 | 805 | 257 | 473 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 131,540 | 179,649 | 166,588 | 144,284 | 136,337 | 122,726 | 74,946 | 111,360 |
| total assets | 847,784 | 895,618 | 884,456 | 879,696 | 842,584 | 863,129 | 814,825 | 865,942 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 226,144 | 135,799 | 102,178 | 169,522 | 223,082 | 259,518 | 120,030 | 154,520 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 226,144 | 135,799 | 102,178 | 169,522 | 223,082 | 259,518 | 120,030 | 154,520 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 232,374 | 247,164 | 261,182 | 274,618 | 230,719 | 254,087 | 266,481 | 283,795 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 232,374 | 247,164 | 261,182 | 274,618 | 230,719 | 254,087 | 266,481 | 283,795 |
| total liabilities | 458,518 | 382,963 | 363,360 | 444,140 | 453,801 | 513,605 | 386,511 | 438,315 |
| net assets | 389,266 | 512,655 | 521,096 | 435,556 | 388,783 | 349,524 | 428,314 | 427,627 |
| total shareholders funds | 389,266 | 512,655 | 521,096 | 435,556 | 388,783 | 349,524 | 428,314 | 427,627 |
| Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | -113,562 | 17,166 | ||||||
| Depreciation | 9,224 | 16,372 | 17,822 | 20,239 | 30,053 | 31,717 | 28,171 | 29,138 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 2,536 | -2,536 | ||||||
| Stock | 0 | -3,417 | 7,169 | 16,833 | 6,052 | -780 | 5,751 | 10,029 |
| Debtors | -622 | 10,331 | -27,288 | -9,434 | 7,775 | 48,087 | -42,165 | 101,331 |
| Creditors | 90,345 | 33,621 | -67,344 | -53,560 | -36,436 | 139,488 | -34,490 | 154,520 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -10,835 | 57,709 | ||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 933 | 278 | 0 | 0 | 1,336 | 0 | 31,327 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -14,790 | -14,018 | -13,436 | 43,899 | -23,368 | -12,394 | -17,314 | 283,795 |
| share issue | ||||||||
| interest | -12,363 | -13,071 | ||||||
| cash flow from financing | -27,153 | -27,089 | ||||||
| cash and cash equivalents | ||||||||
| cash | -47,487 | 6,147 | 42,423 | 548 | -216 | 473 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -47,487 | 6,147 | 42,423 | 548 | -216 | 473 | 0 | 0 |
richard neave limited Credit Report and Business Information
Richard Neave Limited Competitor Analysis
Perform a competitor analysis for richard neave limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other undefined companies, companies in NR3 area or any other competitors across 12 key performance metrics.
richard neave limited Ownership
RICHARD NEAVE LIMITED group structure
Richard Neave Limited has no subsidiary companies.
Ultimate parent company
RICHARD NEAVE LIMITED
01492348
richard neave limited directors
Richard Neave Limited currently has 2 directors. The longest serving directors include Mrs Annette Neave (May 1992) and Mr Robert Holmes (Jan 2008).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Annette Neave | 71 years | May 1992 | - | Director | |
| Mr Robert Holmes | England | 79 years | Jan 2008 | - | Director |
P&L
November 2016turnover
998.3k
+8%
operating profit
-113.6k
-762%
gross margin
110.6%
-17.9%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2016net assets
389.3k
-0.24%
total assets
847.8k
-0.05%
cash
1.9k
-0.96%
net assets
Total assets minus all liabilities
richard neave limited company details
company number
01492348
Type
Private limited with Share Capital
industry
49420 - Removal services
52103 - Operation of warehousing and storage facilities for land transport activities of division 49
incorporation date
April 1980
age
45
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
November 2016
previous names
segrave (international movers) limited (December 1981)
accountant
-
auditor
-
address
king street house, 15 upper king street, norwich, norfolk, NR3 1RB
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
richard neave 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 found 6 charges/mortgages relating to richard neave limited. Currently there are 1 open charges and 5 have been satisfied in the past.
richard neave limited 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.
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richard neave limited Companies House Filings - See Documents
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