Riga Wood Limited

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riga wood limited Company Information

Company Number

02640674

Next Accounts

Sep 2025

Directors

Simon Butler

Shareholders

a-s latvijas finieris

Group Structure

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Industry

Agents involved in the sale of timber and building materials

Registered Address

28 church road, stanmore, middlesex, HA7 4XR

Website

www.rigawood.co.uk

riga wood limited Estimated Valuation

£1.2m

Pomanda estimates the enterprise value of RIGA WOOD LIMITED at £1.2m based on Net Assets of £611k and 2.03x industry multiple (adjusted for liquidity).

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Riga Wood Limited is a live company located in middlesex, HA7 4XR with a Companies House number of 02640674. It operates in the agents involved in the sale of timber and building materials sector, SIC Code 46130. Founded in August 1991, it's largest shareholder is a-s latvijas finieris with a 100% stake. Riga Wood Limited is a mature, small sized company, Pomanda has estimated its turnover at £749k with declining growth in recent years.

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Pomanda's financial health check has awarded Riga Wood Limited a 4 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 Rating4out of 5

3 Strong

3 Regular

6 Weak

Size

annual sales of £749k, make it smaller than the average company (£15.6m)

Growth

3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (9.9%)

EXPORT

Riga Wood Limited's latest turnover from December 2023 is estimated at £749 thousand and the company has net assets of £611 thousand. According to their latest financial statements, Riga Wood Limited has 3 employees and maintains cash reserves of £451.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	749,029	1,312,963	1,139,340	1,044,455	1,128,201	1,732,207	1,489,570	1,562,049	774,249	2,639,366	3,031,493	3,431,566	2,240,148	3,464,735	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	544,906	945,290	825,237	758,640	823,855	1,264,947	1,083,884	1,128,703	562,382	1,919,846	2,213,645	2,470,111	1,595,112	2,465,741	0
Gross Profit	204,123	367,673	314,103	285,815	304,346	467,260	405,686	433,346	211,868	719,521	817,848	961,455	645,037	998,994	0
Admin Expenses	166,710	309,018	265,314	232,630	252,144	498,252	380,536	418,218	595,004	691,228	790,855	931,629	624,320	924,791	-863,236
Operating Profit	37,413	58,655	48,789	53,185	52,202	-30,992	25,150	15,128	-383,136	28,293	26,993	29,826	20,717	74,203	863,236
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	19,496	8,977	414	99	623	565	316	296	637	328	355	466	418	372	214
Pre-Tax Profit	56,909	67,632	49,202	53,284	52,825	-30,427	25,465	15,424	-382,499	28,620	27,348	30,292	21,135	74,575	863,450
Tax	-14,227	-12,850	-9,348	-10,124	-10,037	0	-4,838	-3,085	0	-6,010	-6,290	-7,270	-5,495	-20,881	-241,766
Profit After Tax	42,682	54,782	39,854	43,160	42,788	-30,427	20,627	12,339	-382,499	22,610	21,058	23,022	15,640	53,694	621,684
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	42,682	54,782	39,854	43,160	42,788	-30,427	20,627	12,339	-382,499	22,610	21,058	23,022	15,640	53,694	621,684
Employee Costs	115,225	113,648	107,827	104,780	103,051	99,429	96,714	92,121	119,681	352,015	458,898	505,460	339,277	498,681	0
Number Of Employees	3	3	3	3	3	3	3	3	4	12	16	18	12	19	0
EBITDA*	48,100	69,341	58,078	60,376	59,417	-23,919	31,799	21,628	-376,504	35,172	33,926	36,620	28,800	87,716	878,349

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	11,891	22,578	33,264	2,467	9,034	16,249	22,593	6,189	12,689	19,321	6,435	12,859	18,983	26,592	17,565
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	11,891	22,578	33,264	2,467	9,034	16,249	22,593	6,189	12,689	19,321	6,435	12,859	18,983	26,592	17,565
Stock & work in progress	64,461	129,289	94,453	167,623	226,879	257,715	0	237,223	93,848	36,572	81,713	0	42,080	7,690	18,760
Trade Debtors	153,521	298,895	296,420	253,622	242,616	392,324	422,593	353,436	166,808	716,828	776,773	705,119	608,148	862,434	534,853
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	12,596	12,683	10,306	9,881	9,141	9,189	9,422	9,942	8,486	0	0	0	0	0	0
Cash	451,356	291,358	221,600	109,562	88,014	78,065	72,699	53,523	183,289	71,563	59,441	82,749	103,663	63,397	85,598
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	681,934	732,225	622,779	540,688	566,650	737,293	504,714	654,124	452,431	824,963	917,927	787,868	753,891	933,521	639,211
total assets	693,825	754,803	656,043	543,155	575,684	753,542	527,307	660,313	465,120	844,284	924,362	800,727	772,874	960,113	656,776
Bank overdraft	0	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	0
Trade Creditors	9,268	91,220	56,562	4,235	71,110	273,422	16,283	183,261	23,512	76,576	179,264	76,687	71,856	274,735	25,092
Group/Directors Accounts	0	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	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	73,543	95,251	85,931	65,224	74,038	92,372	92,849	79,504	56,399	0	0	0	0	0	0
total current liabilities	82,811	186,471	142,493	69,459	145,148	365,794	109,132	262,765	79,911	76,576	179,264	76,687	71,856	274,735	25,092
loans	0	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	0
Accruals and Deferred Income	0	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	0
provisions	0	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	0
total liabilities	82,811	186,471	142,493	69,459	145,148	365,794	109,132	262,765	79,911	76,576	179,264	76,687	71,856	274,735	25,092
net assets	611,014	568,332	513,550	473,696	430,536	387,748	418,175	397,548	385,209	767,708	745,098	724,040	701,018	685,378	631,684
total shareholders funds	611,014	568,332	513,550	473,696	430,536	387,748	418,175	397,548	385,209	767,708	745,098	724,040	701,018	685,378	631,684

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	37,413	58,655	48,789	53,185	52,202	-30,992	25,150	15,128	-383,136	28,293	26,993	29,826	20,717	74,203	863,236
Depreciation	10,687	10,686	9,289	7,191	7,215	7,073	6,649	6,500	6,632	6,879	6,933	6,794	8,083	13,513	15,113
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-14,227	-12,850	-9,348	-10,124	-10,037	0	-4,838	-3,085	0	-6,010	-6,290	-7,270	-5,495	-20,881	-241,766
Stock	-64,828	34,836	-73,170	-59,256	-30,836	257,715	-237,223	143,375	57,276	-45,141	81,713	-42,080	34,390	-11,070	18,760
Debtors	-145,461	4,852	43,223	11,746	-149,756	-30,502	68,637	188,084	-541,534	-59,945	71,654	96,971	-254,286	327,581	534,853
Creditors	-81,952	34,658	52,327	-66,875	-202,312	257,139	-166,978	159,749	-53,064	-102,688	102,577	4,831	-202,879	249,643	25,092
Accruals and Deferred Income	-21,708	9,320	20,707	-8,814	-18,334	-477	13,345	23,105	56,399	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	140,502	60,781	151,711	22,073	9,326	5,530	41,914	-130,062	111,089	31,560	-23,154	-20,710	40,322	-33	108,062
Investing Activities
capital expenditure	0	0	-40,086	-624	0	-729	-23,053	0	0	-19,765	-509	-670	-474	-22,540	-32,678
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	-40,086	-624	0	-729	-23,053	0	0	-19,765	-509	-670	-474	-22,540	-32,678
Financing Activities
Bank loans	0	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	0
Other Short Term Loans	0	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	0
Hire Purchase and Lease Commitments	0	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	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	10,000
interest	19,496	8,977	414	99	623	565	316	296	637	328	355	466	418	372	214
cash flow from financing	19,496	8,977	414	99	623	565	316	296	637	328	355	466	418	372	10,214
cash and cash equivalents
cash	159,998	69,758	112,038	21,548	9,949	5,366	19,176	-129,766	111,726	12,122	-23,308	-20,914	40,266	-22,201	85,598
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	159,998	69,758	112,038	21,548	9,949	5,366	19,176	-129,766	111,726	12,122	-23,308	-20,914	40,266	-22,201	85,598

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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RIGA WOOD LIMITED group structure

Riga Wood Limited has no subsidiary companies.

Ultimate parent company

A-S LATVIJAS FINIERIS

#0047891

1 parent

RIGA WOOD LIMITED

02640674

RIGA WOOD LIMITED Shareholders

a-s latvijas finieris

100%

Riga Wood Limited currently has 1 director, Mr Simon Butler serving since Apr 2007.

officer	country	age	start	end	role
Mr Simon Butler		61 years	Apr 2007	-	Director

P&L

December 2023

turnover

749k

-43%

operating profit

37.4k

gross margin

27.3%

-2.68%

turnover

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

Balance Sheet

December 2023

net assets

611k

+0.08%

total assets

693.8k

-0.08%

cash

451.4k

+0.55%

net assets

Total assets minus all liabilities

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company number

02640674

Type

Private limited with Share Capital

industry

46130 - Agents involved in the sale of timber and building materials

incorporation date

August 1991

ultimate parent company

A-S LATVIJAS FINIERIS

previous names

the latvian plywood company limited (April 2006)

noran trading (southern) limited (April 2001)

address

28 church road, stanmore, middlesex, HA7 4XR

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 riga wood limited. Currently there are 2 open charges and 0 have been satisfied in the past.

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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riga wood limited Company Information

riga wood limited Estimated Valuation

riga wood limited Estimated Valuation

riga wood limited Estimated Valuation

Riga Wood Limited Overview

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RIGA WOOD LIMITED financials

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