ritagate limited

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ritagate limited Company Information

Share RITAGATE LIMITED

Company Number

01562914

Shareholders

nunan properties limited

Group Structure

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Industry

Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

 

Registered Address

99 london street, reading, berks, RG1 4QA

ritagate limited Estimated Valuation

£987k

Pomanda estimates the enterprise value of RITAGATE LIMITED at £987k based on a Turnover of £302.2k and 3.27x industry multiple (adjusted for size and gross margin).

ritagate limited Estimated Valuation

£332k

Pomanda estimates the enterprise value of RITAGATE LIMITED at £332k based on an EBITDA of £50.6k and a 6.56x industry multiple (adjusted for size and gross margin).

ritagate limited Estimated Valuation

£617.7k

Pomanda estimates the enterprise value of RITAGATE LIMITED at £617.7k based on Net Assets of £350.2k and 1.76x industry multiple (adjusted for liquidity).

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Ritagate Limited Overview

Ritagate Limited is a live company located in berks, RG1 4QA with a Companies House number of 01562914. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in May 1981, it's largest shareholder is nunan properties limited with a 100% stake. Ritagate Limited is a mature, micro sized company, Pomanda has estimated its turnover at £302.2k with healthy growth in recent years.

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Ritagate Limited Health Check

Pomanda's financial health check has awarded Ritagate Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

3 Strong

positive_score

3 Regular

positive_score

5 Weak

size

Size

annual sales of £302.2k, make it smaller than the average company (£982.2k)

£302.2k - Ritagate Limited

£982.2k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (5.7%)

15% - Ritagate Limited

5.7% - Industry AVG

production

Production

with a gross margin of 72.8%, this company has a comparable cost of product (72.8%)

72.8% - Ritagate Limited

72.8% - Industry AVG

profitability

Profitability

an operating margin of 15.2% make it less profitable than the average company (27.9%)

15.2% - Ritagate Limited

27.9% - Industry AVG

employees

Employees

with 3 employees, this is below the industry average (4)

3 - Ritagate Limited

4 - Industry AVG

paystructure

Pay Structure

on an average salary of £33.8k, the company has an equivalent pay structure (£33.8k)

£33.8k - Ritagate Limited

£33.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £100.7k, this is less efficient (£193.6k)

£100.7k - Ritagate Limited

£193.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 28 days, this is near the average (31 days)

28 days - Ritagate Limited

31 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 20 days, this is quicker than average (37 days)

20 days - Ritagate Limited

37 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Ritagate Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 322 weeks, this is more cash available to meet short term requirements (10 weeks)

322 weeks - Ritagate Limited

10 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 12.6%, this is a lower level of debt than the average (68.5%)

12.6% - Ritagate Limited

68.5% - Industry AVG

RITAGATE LIMITED financials

EXPORTms excel logo

Ritagate Limited's latest turnover from June 2024 is estimated at £302.2 thousand and the company has net assets of £350.2 thousand. According to their latest financial statements, Ritagate Limited has 3 employees and maintains cash reserves of £240.6 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jun 2024Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Turnover302,198162,921236,750199,043369,641482,273844,029761,145870,990214,801414,209325,633428,832127,2332,847,516
Other Income Or Grants000000000000000
Cost Of Sales82,26144,15265,19657,494101,361140,981213,306188,181233,77672,645146,320110,200139,86742,4772,464,961
Gross Profit219,937118,770171,554141,550268,280341,292630,723572,964637,214142,156267,889215,434288,96584,756382,555
Admin Expenses173,928631,024-5,726154,409496,017964,329617,392504,929580,901256,959369,032236,026330,284-65,826273,314
Operating Profit46,009-512,254177,280-12,859-227,737-623,03713,33168,03556,313-114,803-101,143-20,592-41,319150,582109,241
Interest Payable000000000001,7871,78753814,749
Interest Receivable11,77423,3907,2814485706,1944,8021,9923,2332,8632,7582,9102,9992,5310
Pre-Tax Profit57,783-488,864184,560-12,411-227,167-616,84318,13370,02759,546-111,940-98,385-19,470-40,107152,57494,492
Tax-14,4460-35,066000-3,445-13,305-11,9090000-39,669-16,523
Profit After Tax43,337-488,864149,494-12,411-227,167-616,84314,68856,72247,637-111,940-98,385-19,470-40,107112,90577,969
Dividends Paid00000000000000200,000
Retained Profit43,337-488,864149,494-12,411-227,167-616,84314,68856,72247,637-111,940-98,385-19,470-40,107112,905-122,031
Employee Costs101,43093,59291,08883,550112,371113,192161,087154,765158,08552,67375,60048,35972,96523,515144,408
Number Of Employees333344666232315
EBITDA*50,625-506,099183,369-5,741-223,044-615,78019,53775,18962,018-107,488-91,389-8,891-27,635164,275121,926

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jun 2024Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Tangible Assets13,84818,46418,26521,35414,07821,771352,418355,257350,913355,744363,059368,901374,852374,878371,852
Intangible Assets000000000000000
Investments & Other000000000000000
Debtors (Due After 1 year)106,620116,620144,776197,457197,457197,457197,457245,347322,471000000
Total Fixed Assets120,468135,084163,041218,811211,535219,228549,875600,604673,384355,744363,059368,901374,852374,878371,852
Stock & work in progress000000000000000
Trade Debtors23,3941,94515,36916,55934,34033,418000032,77535,53234,89210,00845,363
Group Debtors17412,17412,17412,17417,0830000000000
Misc Debtors16,1373,48900010,62023,14024,027281,248505,290428,799447,226689,711585,544699,730
Cash240,575207,947727,649437,261459,646680,862970,952949,943643,464649,770495,498607,581556,268643,393368,816
misc current assets0004,383000000274,177274,177274,177274,177274,177
total current assets280,280225,555755,192470,377511,069724,900994,092973,970924,7121,155,0601,231,2491,364,5161,555,0481,513,1221,388,086
total assets400,748360,639918,233689,188722,604944,1281,543,9671,574,5741,598,0961,510,8041,594,3081,733,4171,929,9001,888,0001,759,938
Bank overdraft00000000000054,997016,569
Bank loan000000000000000
Trade Creditors 4,5728,08943,4021,50016,147000075,00007,352000
Group/Directors Accounts0012,89110,0712,9602,917011,86034,564000000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities34,23533,94654,47219,64327,67238,21924,13257,567115,10752,24398,807132,179261,547234,537202,811
total current liabilities38,80742,035110,76531,21446,77941,13624,13269,427149,671127,24398,807139,531316,544234,537219,380
loans000000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities11,78711,78711,78711,78717,22717,22717,22717,22717,227000000
provisions000000000000000
total long term liabilities11,78711,78711,78711,78717,22717,22717,22717,22717,227000000
total liabilities50,59453,822122,55243,00164,00658,36341,35986,654166,898127,24398,807139,531316,544234,537219,380
net assets350,154306,817795,681646,187658,598885,7651,502,6081,487,9201,431,1981,383,5611,495,5011,593,8861,613,3561,653,4631,540,558
total shareholders funds350,154306,817795,681646,187658,598885,7651,502,6081,487,9201,431,1981,383,5611,495,5011,593,8861,613,3561,653,4631,540,558
Jun 2024Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Operating Activities
Operating Profit46,009-512,254177,280-12,859-227,737-623,03713,33168,03556,313-114,803-101,143-20,592-41,319150,582109,241
Depreciation4,6166,1556,0897,1184,6937,2576,2067,1545,7057,3159,75411,70113,68413,69312,685
Amortisation000000000000000
Tax-14,4460-35,066000-3,445-13,305-11,9090000-39,669-16,523
Stock000000000000000
Debtors12,097-38,091-53,871-22,6907,38520,898-48,777-334,34598,42943,716-21,184-241,845129,051-149,541745,093
Creditors-3,517-35,31341,902-14,64716,147000-75,00075,000-7,3527,352000
Accruals and Deferred Income289-20,52634,829-8,029-10,54714,087-33,435-57,54062,864-46,564-33,372-129,36827,01031,726202,811
Deferred Taxes & Provisions000000000000000
Cash flow from operations20,854-523,847278,905-5,727-224,829-622,59131,434338,689-60,456-122,768-110,929110,938-129,676305,873-436,879
Investing Activities
capital expenditure0-6,354-3,000-14,3943,000323,390-3,367-11,498-8740-3,912-5,750-13,658-16,719-384,537
Change in Investments000000000000000
cash flow from investments0-6,354-3,000-14,3943,000323,390-3,367-11,498-8740-3,912-5,750-13,658-16,719-384,537
Financing Activities
Bank loans000000000000000
Group/Directors Accounts0-12,8912,8207,111432,917-11,860-22,70434,564000000
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000-5,440000017,227000000
share issue000000000000001,662,589
interest11,77423,3907,2814485706,1944,8021,9923,2332,8632,7581,1231,2121,993-14,749
cash flow from financing11,77410,49910,1012,1196139,111-7,058-20,71255,0242,8632,7581,1231,2121,9931,647,840
cash and cash equivalents
cash32,628-519,702290,388-22,385-221,216-290,09021,009306,479-6,306154,272-112,08351,313-87,125274,577368,816
overdraft00000000000-54,99754,997-16,56916,569
change in cash32,628-519,702290,388-22,385-221,216-290,09021,009306,479-6,306154,272-112,083106,310-142,122291,146352,247

ritagate 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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Ritagate Limited Competitor Analysis

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Perform a competitor analysis for ritagate limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in RG1 area or any other competitors across 12 key performance metrics.

ritagate limited Ownership

RITAGATE LIMITED group structure

Ritagate Limited has no subsidiary companies.

Ultimate parent company

1 parent

RITAGATE LIMITED

01562914

RITAGATE LIMITED Shareholders

nunan properties limited 100%

ritagate limited directors

Ritagate Limited currently has 2 directors. The longest serving directors include Mr Brian Nunan (Dec 1991) and Mrs Dominique Hawkins (Apr 2019).

officercountryagestartendrole
Mr Brian NunanUnited Kingdom84 years Dec 1991- Director
Mrs Dominique HawkinsEngland42 years Apr 2019- Director

P&L

June 2024

turnover

302.2k

+85%

operating profit

46k

0%

gross margin

72.8%

-0.17%

turnover

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

Balance Sheet

June 2024

net assets

350.2k

+0.14%

total assets

400.7k

+0.11%

cash

240.6k

+0.16%

net assets

Total assets minus all liabilities

ritagate limited company details

company number

01562914

Type

Private limited with Share Capital

industry

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

incorporation date

May 1981

age

44

incorporated

UK

ultimate parent company

accounts

Total Exemption Full

last accounts submitted

June 2024

previous names

N/A

accountant

RICHARDSONS

auditor

-

address

99 london street, reading, berks, RG1 4QA

Bank

BARCLAYS BANK PLC

Legal Advisor

-

ritagate 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 2 charges/mortgages relating to ritagate limited. Currently there are 2 open charges and 0 have been satisfied in the past.

ritagate 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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ritagate limited Companies House Filings - See Documents

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