Rictor Engineering Limited

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rictor engineering limited Company Information

Company Number

01808132

Next Accounts

556 days late

Directors

Darren Turner

David Brindle

Shareholders

crossley advanced engineering limited

Group Structure

View All

Industry

Other manufacturing n.e.c.

Registered Address

10th floor one marsden street, manchester, M2 1HW

Website

www.rictor.co.uk

rictor engineering limited Estimated Valuation

£356.4k

Pomanda estimates the enterprise value of RICTOR ENGINEERING LIMITED at £356.4k based on Net Assets of £166.4k and 2.14x industry multiple (adjusted for liquidity).

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Rictor Engineering Limited is a live company located in manchester, M2 1HW with a Companies House number of 01808132. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in April 1984, it's largest shareholder is crossley advanced engineering limited with a 100% stake. Rictor Engineering Limited is a mature, small sized company, Pomanda has estimated its turnover at £640k with declining growth in recent years.

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Pomanda's financial health check has awarded Rictor Engineering Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

1 Strong

3 Regular

8 Weak

Size

annual sales of £640k, make it smaller than the average company (£11.9m)

Growth

3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (-0.1%)

EXPORT

Rictor Engineering Limited's latest turnover from December 2021 is estimated at £640 thousand and the company has net assets of £166.4 thousand. According to their latest financial statements, Rictor Engineering Limited has 11 employees and maintains cash reserves of £21 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	640,032	817,886	1,103,373	897,909	927,293	739,711	1,071,435	620,222	619,348	793,600	640,390	742,386	668,531
Other Income Or Grants
Cost Of Sales	513,971	578,543	757,411	681,146	679,684	558,009	810,019	483,155	480,593	616,683	496,438	573,848	515,045
Gross Profit	126,061	239,343	345,962	216,763	247,609	181,702	261,416	137,067	138,755	176,917	143,952	168,538	153,486
Admin Expenses	82,674	353,855	291,184	275,528	232,510	84,466	144,172	153,924	142,874	199,250	138,021	164,348	84,342
Operating Profit	43,387	-114,512	54,778	-58,765	15,099	97,236	117,244	-16,857	-4,119	-22,333	5,931	4,190	69,144
Interest Payable	28,899	13,904	19,185	16,265	16,898	225	5,575	14,268	13,761	7,653		6,164	6,164
Interest Receivable				23				1	1	1	1
Pre-Tax Profit	14,488	-128,416	35,593	-75,007	-1,799	97,011	111,669	-31,124	-17,879	-29,986	5,932	-1,974	62,981
Tax	-2,753	-1,170	-1,238	6,934	3,734	-4,416	-26,036				-1,424		-17,635
Profit After Tax	11,735	-129,586	34,355	-68,073	1,935	92,595	85,633	-31,124	-17,879	-29,986	4,508	-1,974	45,346
Dividends Paid						7,000	52,000
Retained Profit	11,735	-129,586	34,355	-68,073	1,935	85,595	33,633	-31,124	-17,879	-29,986	4,508	-1,974	45,346
Employee Costs	431,232	533,232	714,032	625,050	604,280	342,433	510,140	98,003	94,719	125,053	125,937	122,517	117,546
Number Of Employees	11	14	19	17	17	19	19	3	3	4	4	4	4
EBITDA*	92,498	-60,049	101,555	-32,553	46,378	110,782	143,570	10,595	24,392	7,478	35,579	36,325	103,611

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	333,097	381,308	411,173	394,452	339,633	374,898	381,858	396,734	417,623	439,393	445,746	470,865	496,744
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	333,097	381,308	411,173	394,452	339,633	374,898	381,858	396,734	417,623	439,393	445,746	470,865	496,744
Stock & work in progress	94,453	94,794	77,590	74,836	35,003	30,057	25,468	35,349	30,155	15,769	34,770	49,914	29,447
Trade Debtors	153,363	134,441	176,113	138,611	112,162	167,805	157,459	200,132	188,174	254,295	138,228	157,512	190,853
Group Debtors	238,410	238,410	238,410	228,244	235,410	238,410
Misc Debtors	4,772	4,076	3,745	11,249	3,156	3,923	3,008
Cash	21	206	70	34	79,023	75,889	60	75	354	67	153	58	9
misc current assets
total current assets	491,019	471,927	495,928	452,974	464,754	516,084	185,995	235,556	218,683	270,131	173,151	207,484	220,309
total assets	824,116	853,235	907,101	847,426	804,387	890,982	567,853	632,290	636,306	709,524	618,897	678,349	717,053
Bank overdraft	149,068	163,299	124,426	86,763			163,701	251,105	187,925	235,491			189,659
Bank loan		9,626	9,321	9,029	9,948	12,500
Trade Creditors	79,807	80,998	39,719	94,055	69,934	82,148	57,048	154,031	187,898	193,382	309,167	370,517	213,098
Group/Directors Accounts	22,362	28,859	12,260
other short term finances	123,861	82,607	149,833	121,502	104,199	139,564
hp & lease commitments	4,086	1,526
other current liabilities	51,443	56,857	51,200	42,007	48,977	80,902	87,396
total current liabilities	430,627	423,772	386,759	353,356	233,058	315,114	308,145	405,136	375,823	428,873	309,167	370,517	402,757
loans	193,193	203,126	212,732	222,053	230,604	233,433
hp & lease commitments	11,605	17,385
Accruals and Deferred Income
other liabilities	8,753	29,758
provisions	13,563	24,554	23,384	22,146	22,781	26,426	29,294	30,373	32,578	34,867	33,960	36,570	41,060
total long term liabilities	227,114	274,823	236,116	244,199	253,385	259,859	29,294	30,373	32,578	34,867	33,960	36,570	41,060
total liabilities	657,741	698,595	622,875	597,555	486,443	574,973	337,439	435,509	408,401	463,740	343,127	407,087	443,817
net assets	166,375	154,640	284,226	249,871	317,944	316,009	230,414	196,781	227,905	245,784	275,770	271,262	273,236
total shareholders funds	166,375	154,640	284,226	249,871	317,944	316,009	230,414	196,781	227,905	245,784	275,770	271,262	273,236

	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	43,387	-114,512	54,778	-58,765	15,099	97,236	117,244	-16,857	-4,119	-22,333	5,931	4,190	69,144
Depreciation	49,111	54,463	46,777	26,212	31,279	13,546	26,326	27,452	28,511	29,811	29,648	32,135	34,467
Amortisation
Tax	-2,753	-1,170	-1,238	6,934	3,734	-4,416	-26,036				-1,424		-17,635
Stock	-341	17,204	2,754	39,833	4,946	-5,292	-9,881	5,194	14,386	-19,001	-15,144	20,467	29,447
Debtors	19,618	-41,341	40,164	27,376	-59,410	210,006	-39,665	11,958	-66,121	116,067	-19,284	-33,341	190,853
Creditors	-1,191	41,279	-54,336	24,121	-12,214	-71,883	-96,983	-33,867	-5,484	-115,785	-61,350	157,419	213,098
Accruals and Deferred Income	-5,414	5,657	9,193	-6,970	-31,925	80,902	87,396
Deferred Taxes & Provisions	-10,991	1,170	1,238	-635	-3,645	-3,947	-1,079	-2,205	-2,289	907	-2,610	-4,490	41,060
Cash flow from operations	52,872	11,024	13,494	-76,312	56,792	-93,276	156,414	-42,629	68,354	-204,466	4,623	202,128	119,834
Investing Activities
capital expenditure	-900	-24,598	-63,498	-81,031	3,986	8,290	-11,450	-6,563	-6,741	-23,458	-4,529	-6,256	-531,211
Change in Investments
cash flow from investments	-900	-24,598	-63,498	-81,031	3,986	8,290	-11,450	-6,563	-6,741	-23,458	-4,529	-6,256	-531,211
Financing Activities
Bank loans	-9,626	305	292	-919	-2,552	12,500
Group/Directors Accounts	-6,497	16,599	12,260
Other Short Term Loans	41,254	-67,226	28,331	17,303	-35,365	139,564
Long term loans	-9,933	-9,606	-9,321	-8,551	-2,829	233,433
Hire Purchase and Lease Commitments	-3,220	18,911
other long term liabilities	-21,005	29,758
share issue						33,633							227,890
interest	-28,899	-13,904	-19,185	-16,242	-16,898	-225	-5,575	-14,267	-13,760	-7,652	1	-6,164	-6,164
cash flow from financing	-37,926	-25,163	12,377	-8,409	-57,644	418,905	-5,575	-14,267	-13,760	-7,652	1	-6,164	221,726
cash and cash equivalents
cash	-185	136	36	-78,989	3,134	75,814	-15	-279	287	-86	95	49	9
overdraft	-14,231	38,873	37,663	86,763		-251,105	-87,404	63,180	-47,566	235,491		-189,659	189,659
change in cash	14,046	-38,737	-37,627	-165,752	3,134	326,919	87,389	-63,459	47,853	-235,577	95	189,708	-189,650

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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RICTOR ENGINEERING LIMITED group structure

Rictor Engineering Limited has no subsidiary companies.

Ultimate parent company

SDD ENGINEERING HOLDINGS LTD

14483846

CROSSLEY ADVANCED ENGINEERING LIMITED

08114073

2 parents

RICTOR ENGINEERING LIMITED

01808132

RICTOR ENGINEERING LIMITED Shareholders

crossley advanced engineering limited

100%

Rictor Engineering Limited currently has 2 directors. The longest serving directors include Mr Darren Turner (Oct 2016) and Mr David Brindle (Oct 2016).

officer	country	age	start	end	role
Mr Darren Turner	England	51 years	Oct 2016	-	Director
Mr David Brindle	England	55 years	Oct 2016	-	Director

P&L

December 2021

turnover

640k

-22%

operating profit

43.4k

gross margin

19.7%

-32.69%

turnover

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

Balance Sheet

December 2021

net assets

166.4k

+0.08%

total assets

824.1k

-0.03%

cash

-0.9%

net assets

Total assets minus all liabilities

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company number

01808132

Type

Private limited with Share Capital

industry

32990 - Other manufacturing n.e.c.

incorporation date

April 1984

ultimate parent company

SDD ENGINEERING HOLDINGS LTD

previous names

N/A

address

10th floor one marsden street, manchester, M2 1HW

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 11 charges/mortgages relating to rictor engineering limited. Currently there are 7 open charges and 4 have been satisfied in the past.

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rictor engineering limited Company Information

rictor engineering limited Estimated Valuation

rictor engineering limited Estimated Valuation

rictor engineering limited Estimated Valuation

Rictor Engineering Limited Overview

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RICTOR ENGINEERING LIMITED financials

rictor engineering limited Credit Report and Business Information

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rictor engineering limited Ownership

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