richards dry dock and engineering limited
richards dry dock and engineering limited Company Information
Company Number
02978069
Next Accounts
Jul 2025
Shareholders
2sd limited
nigel geoffrey darling
Group Structure
View All
Industry
Repair and maintenance of ships and boats
Registered Address
southtown road, great yarmouth, norfolk, NR31 0JJ
Website
http://alicatworkboats.comrichards dry dock and engineering limited Estimated Valuation
Pomanda estimates the enterprise value of RICHARDS DRY DOCK AND ENGINEERING LIMITED at £1.1m based on a Turnover of £3m and 0.35x industry multiple (adjusted for size and gross margin).
richards dry dock and engineering limited Estimated Valuation
Pomanda estimates the enterprise value of RICHARDS DRY DOCK AND ENGINEERING LIMITED at £1.3m based on an EBITDA of £368.3k and a 3.4x industry multiple (adjusted for size and gross margin).
richards dry dock and engineering limited Estimated Valuation
Pomanda estimates the enterprise value of RICHARDS DRY DOCK AND ENGINEERING LIMITED at £4m based on Net Assets of £1.7m and 2.34x industry multiple (adjusted for liquidity).
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Richards Dry Dock And Engineering Limited Overview
Richards Dry Dock And Engineering Limited is a live company located in norfolk, NR31 0JJ with a Companies House number of 02978069. It operates in the repair and maintenance of ships and boats sector, SIC Code 33150. Founded in October 1994, it's largest shareholder is 2sd limited with a 66.7% stake. Richards Dry Dock And Engineering Limited is a mature, small sized company, Pomanda has estimated its turnover at £3m with high growth in recent years.
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Richards Dry Dock And Engineering Limited Health Check
Pomanda's financial health check has awarded Richards Dry Dock And Engineering Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
5 Weak
Size
annual sales of £3m, make it smaller than the average company (£5.1m)
- Richards Dry Dock And Engineering Limited
£5.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (7.4%)
- Richards Dry Dock And Engineering Limited
7.4% - Industry AVG
Production
with a gross margin of 16.5%, this company has a higher cost of product (30%)
- Richards Dry Dock And Engineering Limited
30% - Industry AVG
Profitability
an operating margin of 12.2% make it more profitable than the average company (7%)
- Richards Dry Dock And Engineering Limited
7% - Industry AVG
Employees
with 3 employees, this is below the industry average (43)
3 - Richards Dry Dock And Engineering Limited
43 - Industry AVG
Pay Structure
on an average salary of £42.4k, the company has an equivalent pay structure (£42.4k)
- Richards Dry Dock And Engineering Limited
£42.4k - Industry AVG
Efficiency
resulting in sales per employee of £1m, this is more efficient (£134.8k)
- Richards Dry Dock And Engineering Limited
£134.8k - Industry AVG
Debtor Days
it gets paid by customers after 134 days, this is later than average (41 days)
- Richards Dry Dock And Engineering Limited
41 days - Industry AVG
Creditor Days
its suppliers are paid after 25 days, this is quicker than average (32 days)
- Richards Dry Dock And Engineering Limited
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Richards Dry Dock And Engineering Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Richards Dry Dock And Engineering Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 34%, this is a lower level of debt than the average (60.3%)
34% - Richards Dry Dock And Engineering Limited
60.3% - Industry AVG
RICHARDS DRY DOCK AND ENGINEERING LIMITED financials
Richards Dry Dock And Engineering Limited's latest turnover from October 2023 is estimated at £3 million and the company has net assets of £1.7 million. According to their latest financial statements, Richards Dry Dock And Engineering Limited has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 21,529,465 | 20,231,744 | 22,274,054 | 29,499,807 | 11,564,390 | 2,984,597 | 2,539,820 | |||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 17,942,617 | 16,120,274 | 19,157,684 | 23,870,505 | 10,311,790 | 2,494,866 | 2,064,640 | |||||||
| Gross Profit | 3,586,848 | 4,111,470 | 3,116,370 | 5,629,302 | 1,252,600 | 489,731 | 475,180 | |||||||
| Admin Expenses | 3,376,130 | 2,842,607 | 1,941,395 | 2,118,375 | 1,311,738 | 328,002 | ||||||||
| Operating Profit | 210,718 | 1,268,863 | 1,174,975 | 3,510,927 | -59,138 | 147,178 | ||||||||
| Interest Payable | 228,881 | 273,160 | 337,492 | 411,589 | 372,580 | |||||||||
| Interest Receivable | 2,670 | 4,082 | 11,219 | 19,882 | 31,919 | 847 | ||||||||
| Pre-Tax Profit | -15,493 | 978,766 | 891,344 | 3,124,766 | -321,538 | 162,912 | 148,025 | |||||||
| Tax | -22,741 | -111,592 | -233,960 | -584,484 | 186,615 | -44,871 | -42,646 | |||||||
| Profit After Tax | -38,234 | 867,174 | 657,384 | 2,540,282 | -134,923 | 118,041 | 105,379 | |||||||
| Dividends Paid | 1,500,000 | |||||||||||||
| Retained Profit | -1,538,234 | 867,174 | 657,384 | 2,540,282 | -134,923 | 118,041 | 105,379 | |||||||
| Employee Costs | 5,645,003 | 5,465,115 | 5,850,246 | 6,479,901 | 3,377,580 | 1,025,311 | 1,042,073 | |||||||
| Number Of Employees | 3 | 3 | 3 | 3 | 2 | 2 | 169 | 162 | 173 | 167 | 173 | 34 | 37 | |
| EBITDA* | 2,087,351 | 3,100,414 | 3,129,930 | 5,229,308 | 1,728,313 | 186,551 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,491,376 | 1,552,256 | 1,695,970 | 407,227 | 557,508 | 566,629 | 7,159,299 | 11,743,601 | 12,436,543 | 13,482,269 | 13,908,423 | 81,122 | 96,376 | 97,549 |
| Intangible Assets | 15,225 | 32,897 | 42,553 | 163,225 | 345,784 | |||||||||
| Investments & Other | 15,000 | 146,102 | 197,513 | 214,767 | 179,914 | 206,632 | 11,000 | 11,000 | 11,000 | |||||
| Debtors (Due After 1 year) | 205,000 | 235,000 | ||||||||||||
| Total Fixed Assets | 1,491,376 | 1,552,256 | 1,695,970 | 407,227 | 557,508 | 581,629 | 7,320,626 | 11,974,011 | 12,693,863 | 14,030,408 | 14,695,839 | 92,122 | 107,376 | 108,549 |
| Stock & work in progress | 219,364 | 259,591 | 227,655 | 202,282 | 265,653 | 239,275 | 186,409 | 184,664 | ||||||
| Trade Debtors | 1,111,545 | 863,367 | 576,482 | 625,587 | 261,768 | 12,000 | 3,476,953 | 8,699,042 | 2,584,094 | 4,197,970 | 3,982,485 | 75,039 | 273,012 | 228,839 |
| Group Debtors | 27,006 | 585,304 | 2,922,610 | 436,678 | 437,822 | 1,817,969 | 1,072,190 | 755,423 | ||||||
| Misc Debtors | 22,237 | 15,516 | 24,954 | 447,625 | 702,959 | 1,172,098 | 389,152 | 1,404,673 | 34,007 | 25,664 | ||||
| Cash | 206,880 | 340,728 | 1,286,812 | 642,386 | 1,664,907 | 155,182 | 145,650 | 25,900 | 1,056,617 | |||||
| misc current assets | ||||||||||||||
| total current assets | 1,111,545 | 863,367 | 576,482 | 647,824 | 277,284 | 270,840 | 5,069,974 | 13,871,014 | 5,062,911 | 6,892,133 | 7,625,962 | 1,566,161 | 1,266,408 | 1,470,120 |
| total assets | 2,602,921 | 2,415,623 | 2,272,452 | 1,055,051 | 834,792 | 852,469 | 12,390,600 | 25,845,025 | 17,756,774 | 20,922,541 | 22,321,801 | 1,658,283 | 1,373,784 | 1,578,669 |
| Bank overdraft | 4,605 | 2,120,559 | 1,861,859 | 2,153,201 | ||||||||||
| Bank loan | 4,299,455 | 2,119,359 | ||||||||||||
| Trade Creditors | 174,831 | 163,251 | 209,641 | 177,964 | 109,834 | 624 | 1,751,890 | 2,119,276 | 1,133,260 | 1,710,021 | 2,962,617 | 147,023 | 165,860 | 750,112 |
| Group/Directors Accounts | 390,401 | 99,813 | 3,400,988 | 80,855 | 2,648,331 | 3,569,752 | 127,499 | 36,222 | ||||||
| other short term finances | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| other current liabilities | 3,867 | 1,195,330 | 5,279,058 | 1,958,143 | 1,992,273 | 1,618,705 | 331,784 | 237,766 | ||||||
| total current liabilities | 174,831 | 163,251 | 209,641 | 177,964 | 109,834 | 394,892 | 7,351,093 | 12,918,681 | 5,292,817 | 8,212,484 | 10,304,275 | 606,306 | 439,848 | 750,112 |
| loans | 74,855 | 6,100,975 | 6,374,355 | 7,259,455 | 9,101,490 | |||||||||
| hp & lease commitments | ||||||||||||||
| Accruals and Deferred Income | 9,869 | 10,232 | 13,058 | 13,084 | 5,400 | |||||||||
| other liabilities | 701,333 | 801,500 | 901,667 | |||||||||||
| provisions | 39,353 | 452,064 | 774,547 | 905,953 | 924,337 | 930,053 | ||||||||
| total long term liabilities | 711,202 | 811,732 | 914,725 | 13,084 | 5,400 | 39,353 | 526,919 | 6,875,522 | 7,280,308 | 8,183,792 | 10,031,543 | |||
| total liabilities | 886,033 | 974,983 | 1,124,366 | 191,048 | 115,234 | 434,245 | 7,878,012 | 19,794,203 | 12,573,125 | 16,396,276 | 20,335,818 | 606,306 | 439,848 | 750,112 |
| net assets | 1,716,888 | 1,440,640 | 1,148,086 | 864,003 | 719,558 | 418,224 | 4,512,588 | 6,050,822 | 5,183,649 | 4,526,265 | 1,985,983 | 1,051,977 | 933,936 | 828,557 |
| total shareholders funds | 1,716,888 | 1,440,640 | 1,148,086 | 864,003 | 719,558 | 418,224 | 4,512,588 | 6,050,822 | 5,183,649 | 4,526,265 | 1,985,983 | 1,051,977 | 933,936 | 828,557 |
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 210,718 | 1,268,863 | 1,174,975 | 3,510,927 | -59,138 | 147,178 | ||||||||
| Depreciation | 203,257 | 1,858,961 | 1,814,520 | 1,824,283 | 1,482,512 | 1,672,189 | 28,983 | 39,373 | 38,443 | |||||
| Amortisation | 17,672 | 17,031 | 130,672 | 235,869 | 115,262 | |||||||||
| Tax | -22,741 | -111,592 | -233,960 | -584,484 | 186,615 | -44,871 | -42,646 | |||||||
| Stock | -219,364 | -40,227 | 31,936 | 25,373 | -63,371 | 26,378 | 52,866 | 1,745 | 184,664 | |||||
| Debtors | 248,178 | 286,885 | -71,342 | 370,540 | 213,324 | -4,445,922 | -7,814,729 | 8,131,741 | -1,037,074 | -2,210,183 | 6,258,891 | 127,137 | 825,260 | 228,839 |
| Creditors | 11,580 | -46,390 | 31,677 | 68,130 | 109,210 | -1,751,266 | -367,386 | 986,016 | -576,761 | -1,252,596 | 2,815,594 | -18,837 | -584,252 | 750,112 |
| Accruals and Deferred Income | -363 | -2,826 | -26 | 7,684 | 1,533 | -1,191,463 | -4,083,728 | 3,320,915 | -34,130 | 373,568 | 1,286,921 | 94,018 | 237,766 | |
| Deferred Taxes & Provisions | -39,353 | -412,711 | -322,483 | -131,406 | -18,384 | -5,716 | 930,053 | |||||||
| Cash flow from operations | 5,145,969 | -999,330 | 3,278,396 | 6,033,634 | 662,227 | -1,029,586 | ||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | -15,000 | -131,102 | -51,411 | -17,254 | 34,853 | -26,718 | 195,632 | 11,000 | ||||||
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | -4,299,455 | 2,180,096 | 2,119,359 | |||||||||||
| Group/Directors Accounts | -390,401 | 290,588 | -3,301,175 | 3,320,133 | -2,567,476 | -921,421 | 3,442,253 | 91,277 | 36,222 | |||||
| Other Short Term Loans | ||||||||||||||
| Long term loans | -74,855 | -6,026,120 | -273,380 | -885,100 | -1,842,035 | 9,101,490 | ||||||||
| Hire Purchase and Lease Commitments | ||||||||||||||
| other long term liabilities | -100,167 | -100,167 | 901,667 | |||||||||||
| share issue | ||||||||||||||
| interest | -226,211 | -269,078 | -326,273 | -391,707 | -340,661 | 847 | ||||||||
| cash flow from financing | -7,373,410 | 4,897,033 | -3,778,849 | -3,155,163 | 13,272,011 | 91,277 | 37,069 | |||||||
| cash and cash equivalents | ||||||||||||||
| cash | -206,880 | -133,848 | -946,084 | 644,426 | -1,022,521 | 1,509,725 | 9,532 | 119,750 | -1,030,717 | 1,056,617 | ||||
| overdraft | -4,605 | 4,605 | -2,120,559 | 258,700 | -291,342 | 2,153,201 | ||||||||
| change in cash | -206,880 | -129,243 | -950,689 | 2,764,985 | -1,281,221 | 1,801,067 | -2,143,669 | 119,750 | -1,030,717 | 1,056,617 |
richards dry dock and engineering limited Credit Report and Business Information
Richards Dry Dock And Engineering Limited Competitor Analysis
Perform a competitor analysis for richards dry dock and engineering limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in NR31 area or any other competitors across 12 key performance metrics.
richards dry dock and engineering limited Ownership
RICHARDS DRY DOCK AND ENGINEERING LIMITED group structure
Richards Dry Dock And Engineering Limited has 2 subsidiary companies.
Ultimate parent company
1 parent
RICHARDS DRY DOCK AND ENGINEERING LIMITED
02978069
2 subsidiaries
richards dry dock and engineering limited directors
Richards Dry Dock And Engineering Limited currently has 3 directors. The longest serving directors include Mr Simon Coote (Jun 2009) and Mr Stephen Thacker (Jul 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Simon Coote | England | 51 years | Jun 2009 | - | Director |
| Mr Stephen Thacker | United Kingdom | 60 years | Jul 2018 | - | Director |
| Mr Nigel Darling | United Kingdom | 69 years | Sep 2019 | - | Director |
P&L
October 2023turnover
3m
+88%
operating profit
368.3k
0%
gross margin
16.5%
+2.59%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
1.7m
+0.19%
total assets
2.6m
+0.08%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
richards dry dock and engineering limited company details
company number
02978069
Type
Private limited with Share Capital
industry
33150 - Repair and maintenance of ships and boats
incorporation date
October 1994
age
31
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
October 2023
previous names
richards dry docking and engineering limited (December 1994)
accountant
-
auditor
-
address
southtown road, great yarmouth, norfolk, NR31 0JJ
Bank
-
Legal Advisor
-
richards dry dock and engineering 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 3 charges/mortgages relating to richards dry dock and engineering limited. Currently there are 1 open charges and 2 have been satisfied in the past.
richards dry dock and engineering 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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richards dry dock and engineering limited Companies House Filings - See Documents
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