richmond cars limited
richmond cars limited Company Information
Company Number
02971884
Registered Address
the quay 30 channel way, ocean village, southampton, hampshire, SO14 3TG
Industry
Sale of other motor vehicles
Telephone
02089480800
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
michael ronald nobes 99.9%
samuel jonathan nobes 0.1%
View Allrichmond cars limited Estimated Valuation
Pomanda estimates the enterprise value of RICHMOND CARS LIMITED at £81.1m based on a Turnover of £186m and 0.44x industry multiple (adjusted for size and gross margin).
richmond cars limited Estimated Valuation
Pomanda estimates the enterprise value of RICHMOND CARS LIMITED at £24.6m based on an EBITDA of £4.5m and a 5.51x industry multiple (adjusted for size and gross margin).
richmond cars limited Estimated Valuation
Pomanda estimates the enterprise value of RICHMOND CARS LIMITED at £10m based on Net Assets of £3.5m and 2.88x industry multiple (adjusted for liquidity).
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Richmond Cars Limited Overview
Richmond Cars Limited is a live company located in southampton, SO14 3TG with a Companies House number of 02971884. It operates in the sale of other motor vehicles sector, SIC Code 45190. Founded in September 1994, it's largest shareholder is michael ronald nobes with a 99.9% stake. Richmond Cars Limited is a mature, mega sized company, Pomanda has estimated its turnover at £186m with high growth in recent years.
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Richmond Cars Limited Health Check
Pomanda's financial health check has awarded Richmond Cars Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
4 Weak
Size
annual sales of £186m, make it larger than the average company (£28.2m)
£186m - Richmond Cars Limited
£28.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (3.9%)
24% - Richmond Cars Limited
3.9% - Industry AVG
Production
with a gross margin of 8.6%, this company has a higher cost of product (14.6%)
8.6% - Richmond Cars Limited
14.6% - Industry AVG
Profitability
an operating margin of 1.8% make it less profitable than the average company (4.4%)
1.8% - Richmond Cars Limited
4.4% - Industry AVG
Employees
with 335 employees, this is above the industry average (70)
335 - Richmond Cars Limited
70 - Industry AVG
Pay Structure
on an average salary of £34.2k, the company has an equivalent pay structure (£39.8k)
£34.2k - Richmond Cars Limited
£39.8k - Industry AVG
Efficiency
resulting in sales per employee of £555.4k, this is equally as efficient (£483.8k)
£555.4k - Richmond Cars Limited
£483.8k - Industry AVG
Debtor Days
it gets paid by customers after 5 days, this is earlier than average (18 days)
5 days - Richmond Cars Limited
18 days - Industry AVG
Creditor Days
its suppliers are paid after 42 days, this is close to average (41 days)
42 days - Richmond Cars Limited
41 days - Industry AVG
Stock Days
it holds stock equivalent to 35 days, this is less than average (73 days)
35 days - Richmond Cars Limited
73 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (11 weeks)
2 weeks - Richmond Cars Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 94.4%, this is a higher level of debt than the average (65.8%)
94.4% - Richmond Cars Limited
65.8% - Industry AVG
richmond cars limited Credit Report and Business Information
Richmond Cars Limited Competitor Analysis
Perform a competitor analysis for richmond cars limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
richmond cars limited Ownership
RICHMOND CARS LIMITED group structure
Richmond Cars Limited has 3 subsidiary companies.
Ultimate parent company
RICHMOND CARS LIMITED
02971884
3 subsidiaries
richmond cars limited directors
Richmond Cars Limited currently has 2 directors. The longest serving directors include Mr Michael Nobes (Feb 1995) and Mr Samuel Nobes (Jan 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Nobes | United Kingdom | 62 years | Feb 1995 | - | Director |
| Mr Samuel Nobes | England | 36 years | Jan 2017 | - | Director |
RICHMOND CARS LIMITED financials
Richmond Cars Limited's latest turnover from December 2022 is £186 million and the company has net assets of £3.5 million. According to their latest financial statements, Richmond Cars Limited has 335 employees and maintains cash reserves of £2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 186,045,683 | 168,348,364 | 129,752,705 | 97,975,894 | 99,951,086 | 80,627,424 | 65,968,055 | 55,003,801 | 55,039,499 | 47,043,751 | 39,475,105 | 28,021,505 | 24,479,656 | 20,783,818 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Cost Of Sales | 170,040,244 | 154,684,300 | 120,679,094 | 92,389,510 | 95,884,402 | 77,544,256 | 62,821,539 | 52,548,352 | 52,481,081 | 19,447,670 | ||||
| Gross Profit | 16,005,439 | 13,664,064 | 9,073,611 | 5,586,384 | 4,066,684 | 3,083,168 | 3,146,516 | 2,455,449 | 2,558,418 | 1,336,148 | ||||
| Admin Expenses | 12,638,712 | 10,054,499 | 7,505,960 | 5,202,538 | 2,966,232 | 2,729,818 | 2,203,783 | 1,648,535 | 1,586,341 | 986,309 | ||||
| Operating Profit | 3,366,727 | 3,609,565 | 1,567,651 | 383,846 | 1,100,452 | 353,350 | 942,733 | 806,914 | 972,077 | 875,564 | 600,506 | 299,284 | 320,282 | 349,839 |
| Interest Payable | 1,053,288 | 799,601 | 615,852 | 395,866 | 345,061 | 228,825 | 194,607 | 211,524 | 271,054 | 196,612 | 153,878 | 115,391 | 60,725 | 16,218 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,105 | 160 | 0 | 0 | 4 |
| Pre-Tax Profit | 2,313,439 | 2,809,964 | 951,799 | -12,020 | 755,391 | 124,525 | 748,126 | 595,390 | 701,023 | 680,057 | 446,788 | 183,893 | 259,557 | 333,625 |
| Tax | -628,653 | -708,639 | -341,224 | 35,942 | -171,240 | -31,670 | -176,516 | -134,380 | -159,757 | -173,547 | -114,585 | -36,750 | -71,829 | -86,145 |
| Profit After Tax | 1,684,786 | 2,101,325 | 610,575 | 23,922 | 584,151 | 92,855 | 571,610 | 461,010 | 541,266 | 506,510 | 332,203 | 147,143 | 187,728 | 247,480 |
| Dividends Paid | 1,130,000 | 710,000 | 570,000 | 487,000 | 696,000 | 430,000 | 365,000 | 250,000 | 160,000 | 110,000 | 110,000 | 110,000 | 110,000 | 138,000 |
| Retained Profit | 554,786 | 1,391,325 | 40,575 | -463,078 | -111,849 | -337,145 | 206,610 | 211,010 | 381,266 | 396,510 | 222,203 | 37,143 | 77,728 | 109,480 |
| Employee Costs | 11,470,035 | 8,940,953 | 8,951,779 | 6,119,601 | 5,967,674 | 5,062,668 | 4,307,979 | 3,573,505 | 3,226,470 | 2,807,469 | 2,326,869 | 1,932,702 | 1,769,399 | 1,374,831 |
| Number Of Employees | 335 | 324 | 335 | 337 | 226 | 212 | 186 | 171 | 141 | 112 | 88 | 82 | 69 | 64 |
| EBITDA* | 4,462,463 | 4,785,996 | 2,665,060 | 880,346 | 1,358,429 | 576,542 | 1,124,595 | 1,001,204 | 1,175,171 | 1,060,421 | 754,193 | 345,269 | 388,266 | 400,973 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 24,902,531 | 19,261,658 | 14,096,990 | 14,287,022 | 6,862,222 | 4,750,320 | 4,694,605 | 4,677,955 | 4,821,733 | 4,818,757 | 3,101,231 | 2,883,177 | 214,722 | 156,017 |
| Intangible Assets | 5,080,579 | 5,831,067 | 6,326,717 | 5,539,070 | 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 | 29,983,110 | 25,092,725 | 20,423,707 | 19,826,092 | 6,862,222 | 4,750,320 | 4,694,605 | 4,677,955 | 4,821,733 | 4,818,757 | 3,101,231 | 2,883,177 | 214,722 | 156,017 |
| Stock & work in progress | 16,719,719 | 15,451,276 | 16,096,832 | 14,088,695 | 9,847,578 | 6,843,829 | 6,072,515 | 5,475,062 | 5,377,267 | 4,311,858 | 3,230,815 | 3,350,197 | 2,699,102 | 2,012,379 |
| Trade Debtors | 3,057,980 | 4,116,843 | 3,235,289 | 3,457,327 | 4,425,209 | 4,688,713 | 3,161,202 | 2,141,265 | 2,373,649 | 2,202,775 | 1,354,865 | 785,746 | 1,149,137 | 330,797 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 719,434 | 172,274 | 177,849 | 0 | 0 |
| Misc Debtors | 10,785,426 | 7,594,929 | 5,094,289 | 7,383,290 | 6,177,868 | 5,380,446 | 3,709,950 | 1,790,337 | 1,267,625 | 269,983 | 438,046 | 408,942 | 858,907 | 754,027 |
| Cash | 1,954,773 | 1,147,490 | 1,690,938 | 232,632 | 1,190 | 382,365 | 67,463 | 2,443 | 32,181 | 30,966 | 2,120 | 5,800 | 532,270 | 411,231 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 32,517,898 | 28,310,538 | 26,117,348 | 25,161,944 | 20,451,845 | 17,295,353 | 13,011,130 | 9,409,107 | 9,050,722 | 7,535,016 | 5,198,120 | 4,728,534 | 5,239,416 | 3,508,434 |
| total assets | 62,501,008 | 53,403,263 | 46,541,055 | 44,988,036 | 27,314,067 | 22,045,673 | 17,705,735 | 14,087,062 | 13,872,455 | 12,353,773 | 8,299,351 | 7,611,711 | 5,454,138 | 3,664,451 |
| Bank overdraft | 0 | 317 | 25,109 | 607,750 | 464,013 | 0 | 0 | 709,372 | 216,750 | 211,175 | 93,842 | 236,019 | 226,360 | 289,161 |
| Bank loan | 4,690,910 | 976,621 | 5,626,091 | 5,467,547 | 0 | 0 | 0 | 0 | 0 | 0 | 84,091 | 55,471 | 0 | 0 |
| Trade Creditors | 19,896,138 | 2,066,317 | 7,604,799 | 17,223,123 | 14,283,850 | 11,995,417 | 11,226,805 | 7,791,536 | 8,524,285 | 7,098,104 | 5,218,156 | 4,838,666 | 4,229,873 | 2,486,932 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15,642 | 153,471 | 504,344 | 4,707 | 0 |
| other short term finances | 9,500 | 37,273 | 98,493 | 121,454 | 62,686 | 69,919 | 9,333 | 8,733 | 9,333 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 124,824 | 6,870 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 12,170,877 | 24,980,287 | 21,729,312 | 10,518,746 | 6,476,300 | 5,023,418 | 2,330,024 | 1,401,802 | 927,640 | 993,344 | 439,911 | 204,043 | 256,150 | 246,601 |
| total current liabilities | 36,892,249 | 28,067,685 | 35,083,804 | 33,938,620 | 21,286,849 | 17,088,754 | 13,566,162 | 9,911,443 | 9,678,008 | 8,318,265 | 5,989,471 | 5,838,543 | 4,717,090 | 3,022,694 |
| loans | 21,091,662 | 44,903,268 | 19,891,706 | 19,184,154 | 8,202,590 | 5,801,449 | 3,678,752 | 2,108,124 | 2,337,529 | 2,570,963 | 1,272,066 | 990,540 | 0 | 0 |
| hp & lease commitments | 445,578 | 6,870 | 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 | 598,765 | 381,796 | 374,428 | 392,386 | 286,600 | 258,046 | 243,852 | 100,987 | 101,520 | 90,413 | 60,192 | 27,209 | 18,772 | 1,209 |
| total long term liabilities | 22,136,005 | 22,642,532 | 10,155,530 | 9,788,270 | 4,302,994 | 3,120,846 | 1,966,355 | 2,209,111 | 2,439,049 | 2,661,376 | 1,332,258 | 1,017,749 | 18,772 | 1,209 |
| total liabilities | 59,028,254 | 50,710,217 | 45,239,334 | 43,726,890 | 25,589,843 | 20,209,600 | 15,532,517 | 12,120,554 | 12,117,057 | 10,979,641 | 7,321,729 | 6,856,292 | 4,735,862 | 3,023,903 |
| net assets | 3,472,754 | 2,693,046 | 1,301,721 | 1,261,146 | 1,724,224 | 1,836,073 | 2,173,218 | 1,966,508 | 1,755,398 | 1,374,132 | 977,622 | 755,419 | 718,276 | 640,548 |
| total shareholders funds | 3,472,754 | 2,693,046 | 1,301,721 | 1,261,146 | 1,724,224 | 1,836,073 | 2,173,218 | 1,966,508 | 1,755,398 | 1,374,132 | 977,622 | 755,419 | 718,276 | 640,548 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 3,366,727 | 3,609,565 | 1,567,651 | 383,846 | 1,100,452 | 353,350 | 942,733 | 806,914 | 972,077 | 875,564 | 600,506 | 299,284 | 320,282 | 349,839 |
| Depreciation | 345,248 | 432,158 | 408,692 | 255,671 | 257,977 | 223,192 | 181,862 | 194,290 | 203,094 | 184,857 | 153,687 | 45,985 | 67,984 | 51,134 |
| Amortisation | 750,488 | 744,273 | 688,717 | 240,829 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -628,653 | -708,639 | -341,224 | 35,942 | -171,240 | -31,670 | -176,516 | -134,380 | -159,757 | -173,547 | -114,585 | -36,750 | -71,829 | -86,145 |
| Stock | 1,268,443 | -645,556 | 2,008,137 | 7,244,866 | 3,003,749 | 771,314 | 597,453 | 97,795 | 1,065,409 | 1,081,043 | -119,382 | 651,095 | 686,723 | 2,012,379 |
| Debtors | 2,131,634 | 3,382,194 | -2,511,039 | 771,458 | 533,918 | 3,198,007 | 2,939,550 | 290,328 | 449,082 | 1,227,007 | 592,648 | -635,507 | 923,220 | 1,084,824 |
| Creditors | 17,829,821 | -5,538,482 | -9,618,324 | 5,227,706 | 2,288,433 | 768,612 | 3,435,269 | -732,749 | 1,426,181 | 1,879,948 | 379,490 | 608,793 | 1,742,941 | 2,486,932 |
| Accruals and Deferred Income | -12,809,410 | 3,250,975 | 11,210,566 | 5,495,328 | 1,452,882 | 2,693,394 | 928,222 | 474,162 | -65,704 | 553,433 | 235,868 | -52,107 | 9,549 | 246,601 |
| Deferred Taxes & Provisions | 216,969 | 7,368 | -17,958 | 134,340 | 28,554 | 14,194 | 142,865 | -533 | 11,107 | 30,221 | 32,983 | 8,437 | 17,563 | 1,209 |
| Cash flow from operations | 5,671,113 | -939,420 | 4,401,022 | 3,757,338 | 1,419,391 | 51,751 | 1,917,432 | 219,581 | 872,507 | 1,042,426 | 814,683 | 858,054 | 476,547 | -47,633 |
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | -50,512 | -206,070 | -1,904,740 | -411,408 | -2,724,218 | -126,689 | -26,163 | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | -50,512 | -206,070 | -1,904,740 | -411,408 | -2,724,218 | -126,689 | -26,163 | ||||||
| Financing Activities | ||||||||||||||
| Bank loans | 3,714,289 | -4,649,470 | 158,544 | 5,467,547 | 0 | 0 | 0 | 0 | 0 | -84,091 | 28,620 | 55,471 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -15,642 | -137,829 | -350,873 | 499,637 | 4,707 | 0 |
| Other Short Term Loans | -27,773 | -61,220 | -22,961 | 51,535 | -7,233 | 60,586 | 600 | -600 | 9,333 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -23,811,606 | 25,011,562 | 707,552 | 13,382,705 | 2,401,141 | 2,122,697 | 1,570,628 | -229,405 | -233,434 | 1,298,897 | 281,526 | 990,540 | 0 | 0 |
| Hire Purchase and Lease Commitments | 556,662 | 13,740 | 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 | ||||||||||||||
| interest | -1,053,288 | -799,601 | -615,852 | -395,866 | -345,061 | -228,825 | -194,607 | -211,524 | -271,054 | -195,507 | -153,718 | -115,391 | -60,725 | -16,214 |
| cash flow from financing | -20,396,794 | 19,515,011 | 227,283 | 18,394,072 | 2,048,847 | 1,954,458 | 1,376,721 | -441,429 | -510,797 | 881,470 | -194,445 | 1,430,257 | -56,018 | 514,854 |
| cash and cash equivalents | ||||||||||||||
| cash | 807,283 | -543,448 | 1,458,306 | -149,733 | -381,175 | 314,902 | 65,020 | -29,738 | 1,215 | 28,846 | -3,680 | -526,470 | 121,039 | 411,231 |
| overdraft | -317 | -24,792 | -582,641 | 607,750 | 464,013 | 0 | -709,372 | 492,622 | 5,575 | 117,333 | -142,177 | 9,659 | -62,801 | 289,161 |
| change in cash | 807,600 | -518,656 | 2,040,947 | -757,483 | -845,188 | 314,902 | 774,392 | -522,360 | -4,360 | -88,487 | 138,497 | -536,129 | 183,840 | 122,070 |
P&L
December 2022turnover
186m
+11%
operating profit
3.4m
-7%
gross margin
8.7%
+5.99%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
3.5m
+0.29%
total assets
62.5m
+0.17%
cash
2m
+0.7%
net assets
Total assets minus all liabilities
Similar Companies
richmond cars limited company details
company number
02971884
Type
Private limited with Share Capital
industry
45190 - Sale of other motor vehicles
incorporation date
September 1994
age
30
accounts
Group
ultimate parent company
previous names
metropolis motor garage limited (April 1995)
metropolis advertising limited (February 1995)
incorporated
UK
address
the quay 30 channel way, ocean village, southampton, hampshire, SO14 3TG
last accounts submitted
December 2022
richmond cars 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 16 charges/mortgages relating to richmond cars limited. Currently there are 8 open charges and 8 have been satisfied in the past.
richmond cars limited Companies House Filings - See Documents
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