richford motor services limited
richford motor services limited Company Information
Company Number
03626276
Next Accounts
Dec 2024
Industry
Freight transport by road
Other service activities incidental to land transportation, n.e.c. (not including operation of rail freight terminals, passenger facilities at railway stations or passenger facilities at bus and coach stations)
Directors
Shareholders
richford holdings limited
Group Structure
View All
Contact
Registered Address
dunsford road, meadow lane industrial estate, alfreton, derbyshire, DE55 7RH
Website
www.richfordmotors.comrichford motor services limited Estimated Valuation
Pomanda estimates the enterprise value of RICHFORD MOTOR SERVICES LIMITED at £29.1m based on a Turnover of £19.5m and 1.49x industry multiple (adjusted for size and gross margin).
richford motor services limited Estimated Valuation
Pomanda estimates the enterprise value of RICHFORD MOTOR SERVICES LIMITED at £85m based on an EBITDA of £6.6m and a 12.87x industry multiple (adjusted for size and gross margin).
richford motor services limited Estimated Valuation
Pomanda estimates the enterprise value of RICHFORD MOTOR SERVICES LIMITED at £20.7m based on Net Assets of £7.9m and 2.61x industry multiple (adjusted for liquidity).
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Richford Motor Services Limited Overview
Richford Motor Services Limited is a live company located in alfreton, DE55 7RH with a Companies House number of 03626276. It operates in the sale of new cars and light motor vehicles sector, SIC Code 45111. Founded in September 1998, it's largest shareholder is richford holdings limited with a 100% stake. Richford Motor Services Limited is a mature, mid sized company, Pomanda has estimated its turnover at £19.5m with high growth in recent years.
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Richford Motor Services Limited Health Check
Pomanda's financial health check has awarded Richford Motor Services Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 9 measures and has 2 areas for improvement. Company Health Check FAQs
9 Strong
1 Regular
2 Weak
Size
annual sales of £19.5m, make it in line with the average company (£19.5m)
£19.5m - Richford Motor Services Limited
£19.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 25%, show it is growing at a faster rate (6.1%)
25% - Richford Motor Services Limited
6.1% - Industry AVG
Production
with a gross margin of 80.5%, this company has a lower cost of product (22%)
80.5% - Richford Motor Services Limited
22% - Industry AVG
Profitability
an operating margin of 26.4% make it more profitable than the average company (4.8%)
26.4% - Richford Motor Services Limited
4.8% - Industry AVG
Employees
with 121 employees, this is above the industry average (57)
121 - Richford Motor Services Limited
57 - Industry AVG
Pay Structure
on an average salary of £58.2k, the company has a higher pay structure (£39.6k)
£58.2k - Richford Motor Services Limited
£39.6k - Industry AVG
Efficiency
resulting in sales per employee of £161.3k, this is less efficient (£295.7k)
£161.3k - Richford Motor Services Limited
£295.7k - Industry AVG
Debtor Days
it gets paid by customers after 20 days, this is earlier than average (40 days)
20 days - Richford Motor Services Limited
40 days - Industry AVG
Creditor Days
its suppliers are paid after 81 days, this is slower than average (34 days)
81 days - Richford Motor Services Limited
34 days - Industry AVG
Stock Days
it holds stock equivalent to 19 days, this is less than average (41 days)
19 days - Richford Motor Services Limited
41 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 44 weeks, this is more cash available to meet short term requirements (13 weeks)
44 weeks - Richford Motor Services Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 52.4%, this is a lower level of debt than the average (58.6%)
52.4% - Richford Motor Services Limited
58.6% - Industry AVG
RICHFORD MOTOR SERVICES LIMITED financials
Richford Motor Services Limited's latest turnover from March 2023 is £19.5 million and the company has net assets of £7.9 million. According to their latest financial statements, Richford Motor Services Limited has 121 employees and maintains cash reserves of £3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 19,516,276 | 10,450,217 | 10,036,598 | 9,788,852 | 9,498,575 | 7,999,896 | 6,598,633 | 4,766,672 | ||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Cost Of Sales | 3,816,033 | 2,231,093 | 2,580,483 | 2,537,265 | 2,296,256 | 2,054,188 | 1,250,136 | 971,650 | ||||||
| Gross Profit | 15,700,243 | 8,219,124 | 7,456,115 | 7,251,587 | 7,202,319 | 5,945,708 | 5,348,497 | 3,795,022 | ||||||
| Admin Expenses | 10,557,838 | 6,342,451 | 6,211,445 | 5,891,933 | 5,481,338 | 5,142,912 | 4,295,426 | 3,179,705 | ||||||
| Operating Profit | 5,142,405 | 1,876,673 | 1,244,670 | 1,359,654 | 1,720,981 | 802,796 | 1,053,071 | 615,317 | ||||||
| Interest Payable | 651,130 | 347,690 | 368,441 | 463,258 | 419,233 | 387,860 | 457,102 | 284,175 | ||||||
| Interest Receivable | 21,461 | 19,617 | 0 | 3,068 | 0 | 0 | 0 | 12,145 | ||||||
| Pre-Tax Profit | 4,512,736 | 1,548,600 | 876,229 | 899,464 | 1,301,748 | 414,936 | 595,969 | 343,287 | ||||||
| Tax | -706,581 | -39,887 | -139,516 | -145,226 | -165,679 | -91,157 | -76,442 | -67,055 | ||||||
| Profit After Tax | 3,806,155 | 1,508,713 | 736,713 | 754,238 | 1,136,069 | 323,779 | 519,527 | 276,232 | ||||||
| Dividends Paid | 180,000 | 140,000 | 140,000 | 200,000 | 200,000 | 10,000 | 320,000 | 0 | ||||||
| Retained Profit | 3,626,155 | 1,368,713 | 596,713 | 554,238 | 936,069 | 313,779 | 199,527 | 276,232 | ||||||
| Employee Costs | 7,047,157 | 4,126,665 | 4,284,627 | 4,153,271 | 4,070,208 | 3,756,284 | 2,716,235 | 1,808,083 | ||||||
| Number Of Employees | 121 | 119 | 131 | 124 | 132 | 129 | 98 | 67 | ||||||
| EBITDA* | 6,602,945 | 2,757,224 | 2,104,279 | 2,125,009 | 2,377,672 | 1,427,885 | 1,507,497 | 953,257 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 9,199,805 | 7,036,172 | 6,171,692 | 6,072,090 | 4,590,528 | 4,850,638 | 4,083,771 | 2,378,629 | 2,352,249 | 1,865,638 | 1,755,804 | 1,564,901 | 1,152,131 | 1,110,239 |
| Intangible Assets | 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 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 9,199,805 | 7,036,172 | 6,171,692 | 6,072,090 | 4,590,528 | 4,850,638 | 4,083,771 | 2,378,629 | 2,352,249 | 1,865,638 | 1,755,804 | 1,564,901 | 1,152,131 | 1,110,239 |
| Stock & work in progress | 206,750 | 65,750 | 219,236 | 60,550 | 14,850 | 14,850 | 14,850 | 18,915 | 18,915 | 21,265 | 22,200 | 19,550 | 22,350 | 24,800 |
| Trade Debtors | 1,070,640 | 783,245 | 638,414 | 445,708 | 520,230 | 707,193 | 498,839 | 341,382 | 773,834 | 796,302 | 1,185,118 | 499,785 | 304,801 | 209,129 |
| Group Debtors | 1,784,281 | 825,795 | 825,795 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,435,381 | 843,400 | 394,749 | 1,192,905 | 1,372,986 | 972,370 | 427,529 | 761,273 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 2,954,024 | 1,383,382 | 507,465 | 443,955 | 246,033 | 246 | 193,379 | 57 | 13,054 | 320 | 1,131 | 1,236 | 758 | 593 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 7,451,076 | 3,901,572 | 2,585,659 | 2,143,118 | 2,154,099 | 1,694,659 | 1,134,597 | 1,121,627 | 805,803 | 817,887 | 1,208,449 | 520,571 | 327,909 | 234,522 |
| total assets | 16,650,881 | 10,937,744 | 8,757,351 | 8,215,208 | 6,744,627 | 6,545,297 | 5,218,368 | 3,500,256 | 3,158,052 | 2,683,525 | 2,964,253 | 2,085,472 | 1,480,040 | 1,344,761 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 107,092 | 42,458 | 52,464 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 11,820 | 11,263 | 101,800 | 11,958 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 853,294 | 509,204 | 521,099 | 517,942 | 536,357 | 588,267 | 530,517 | 420,034 | 1,310,945 | 1,084,878 | 904,577 | 745,043 | 689,499 | 528,680 |
| Group/Directors Accounts | 0 | 0 | 42,385 | 66,617 | 0 | 0 | 248,612 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 185,700 | 204,548 | 105,922 | 227,186 | 209,637 | 224,962 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 1,451,315 | 1,202,823 | 1,358,209 | 1,247,920 | 1,285,441 | 1,286,689 | 1,208,265 | 773,406 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 983,029 | 862,726 | 1,120,441 | 823,517 | 1,019,626 | 735,932 | 538,325 | 520,089 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 3,473,338 | 2,779,301 | 3,148,056 | 2,883,182 | 3,062,881 | 2,954,205 | 2,669,977 | 1,777,951 | 1,310,945 | 1,084,878 | 904,577 | 745,043 | 689,499 | 528,680 |
| loans | 333,537 | 640,348 | 196,107 | 226,689 | 167,940 | 206,022 | 0 | 101,800 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 3,483,071 | 2,480,898 | 2,001,354 | 2,402,216 | 1,510,923 | 2,268,256 | 1,722,032 | 1,020,035 | 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 | 1,572,831 | 1,451,663 | 1,559,430 | 812,253 | 508,639 | 561,926 |
| provisions | 1,432,233 | 734,650 | 478,000 | 366,000 | 220,000 | 270,000 | 293,324 | 256,962 | 207,000 | 146,000 | 120,000 | 107,000 | 74,500 | 52,250 |
| total long term liabilities | 5,248,841 | 3,855,896 | 2,675,461 | 2,994,905 | 1,898,863 | 2,744,278 | 2,015,356 | 1,378,797 | 1,779,831 | 1,597,663 | 1,679,430 | 919,253 | 583,139 | 614,176 |
| total liabilities | 8,722,179 | 6,635,197 | 5,823,517 | 5,878,087 | 4,961,744 | 5,698,483 | 4,685,333 | 3,156,748 | 3,090,776 | 2,682,541 | 2,584,007 | 1,664,296 | 1,272,638 | 1,142,856 |
| net assets | 7,928,702 | 4,302,547 | 2,933,834 | 2,337,121 | 1,782,883 | 846,814 | 533,035 | 343,508 | 67,276 | 984 | 380,246 | 421,176 | 207,402 | 201,905 |
| total shareholders funds | 7,928,702 | 4,302,547 | 2,933,834 | 2,337,121 | 1,782,883 | 846,814 | 533,035 | 343,508 | 67,276 | 984 | 380,246 | 421,176 | 207,402 | 201,905 |
| Mar 2023 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 5,142,405 | 1,876,673 | 1,244,670 | 1,359,654 | 1,720,981 | 802,796 | 1,053,071 | 615,317 | ||||||
| Depreciation | 1,460,540 | 880,551 | 859,609 | 765,355 | 656,691 | 625,089 | 454,426 | 337,940 | 304,257 | 242,382 | 224,290 | 192,972 | 141,710 | 100,249 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -706,581 | -39,887 | -139,516 | -145,226 | -165,679 | -91,157 | -76,442 | -67,055 | ||||||
| Stock | 206,750 | -153,486 | 158,686 | 45,700 | 0 | 0 | -4,065 | 0 | -2,350 | -935 | 2,650 | -2,800 | -2,450 | 24,800 |
| Debtors | 4,290,302 | 593,482 | 220,345 | -254,603 | 213,653 | 753,195 | -176,287 | 328,821 | -22,468 | -388,816 | 685,333 | 194,984 | 95,672 | 209,129 |
| Creditors | 853,294 | -11,895 | 3,157 | -18,415 | -51,910 | 57,750 | 110,483 | -890,911 | 226,067 | 180,301 | 159,534 | 55,544 | 160,819 | 528,680 |
| Accruals and Deferred Income | 983,029 | -257,715 | 296,924 | -196,109 | 283,694 | 197,607 | 18,236 | 520,089 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 1,432,233 | 256,650 | 112,000 | 146,000 | -50,000 | -23,324 | 36,362 | 49,962 | 61,000 | 26,000 | 13,000 | 32,500 | 22,250 | 52,250 |
| Cash flow from operations | 4,667,868 | 2,264,381 | 1,997,813 | 2,120,162 | 2,180,124 | 815,566 | 1,776,488 | 236,521 | ||||||
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | -56,486 | -70,849 | -194,917 | -364,321 | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | -56,486 | -70,849 | -194,917 | -364,321 | ||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | -11,820 | 557 | -90,537 | 89,842 | 11,958 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | -42,385 | -24,232 | 66,617 | 0 | -248,612 | 248,612 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 185,700 | 98,626 | -121,264 | 17,549 | -15,325 | 224,962 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 333,537 | 444,241 | -30,582 | 58,749 | -38,082 | 206,022 | -101,800 | 101,800 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 4,934,386 | 324,158 | -290,573 | 853,772 | -758,581 | 624,648 | 1,136,856 | 1,793,441 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,572,831 | 121,168 | -107,767 | 747,177 | 303,614 | -53,287 | 561,926 |
| share issue | ||||||||||||||
| interest | -629,669 | -328,073 | -368,441 | -460,190 | -419,233 | -387,860 | -457,102 | -272,030 | ||||||
| cash flow from financing | 9,126,501 | 496,567 | -835,092 | 524,677 | -1,230,664 | 328,623 | 906,408 | 62,338 | ||||||
| cash and cash equivalents | ||||||||||||||
| cash | 2,954,024 | 875,917 | 63,510 | 197,922 | 245,787 | -193,133 | 193,322 | -12,997 | 12,734 | -811 | -105 | 478 | 165 | 593 |
| overdraft | 0 | 0 | 0 | 0 | -107,092 | 64,634 | -10,006 | 52,464 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 2,954,024 | 875,917 | 63,510 | 197,922 | 352,879 | -257,767 | 203,328 | -65,461 | 12,734 | -811 | -105 | 478 | 165 | 593 |
richford motor services limited Credit Report and Business Information
Richford Motor Services Limited Competitor Analysis
Perform a competitor analysis for richford motor services limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in DE55 area or any other competitors across 12 key performance metrics.
richford motor services limited Ownership
RICHFORD MOTOR SERVICES LIMITED group structure
Richford Motor Services Limited has no subsidiary companies.
Ultimate parent company
1 parent
RICHFORD MOTOR SERVICES LIMITED
03626276
richford motor services limited directors
Richford Motor Services Limited currently has 1 director, Mr Philip Richford serving since Sep 1998.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Philip Richford | England | 52 years | Sep 1998 | - | Director |
P&L
March 2023turnover
19.5m
0%
operating profit
5.1m
0%
gross margin
80.5%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
7.9m
0%
total assets
16.7m
0%
cash
3m
0%
net assets
Total assets minus all liabilities
richford motor services limited company details
company number
03626276
Type
Private limited with Share Capital
industry
49410 - Freight transport by road
52219 - Other service activities incidental to land transportation, n.e.c. (not including operation of rail freight terminals, passenger facilities at railway stations or passenger facilities at bus and coach stations)
45310 - Wholesale trade of motor vehicle parts and accessories
incorporation date
September 1998
age
26
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
SIBBALDS LIMITED
address
dunsford road, meadow lane industrial estate, alfreton, derbyshire, DE55 7RH
Bank
-
Legal Advisor
-
richford motor services 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 richford motor services limited. Currently there are 1 open charges and 2 have been satisfied in the past.
richford motor services 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.
Click to start generating capital raising & share issue transactions for RICHFORD MOTOR SERVICES LIMITED. This can take several minutes, an email will notify you when this has completed.
richford motor services limited Companies House Filings - See Documents
| date | description | view/download |
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