Rich-kar Limited

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rich-kar limited Company Information

Live

MatureSmallDeclining

Company Number

03964168

Website

Registered Address

quarry garage, halifax road, staincliffe, dewsbury, west yorkshire, WF13 4BD

Industry

Maintenance and repair of motor vehicles

Sale of used cars and light motor vehicles

Telephone

01924411323

Next Accounts Due

82 days late

Group Structure

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Directors

Karl Mitchell24 Years

Richard Mitchell24 Years

Shareholders

richard jay mitchell 50%

karl john mitchell 50%

rich-kar limited Estimated Valuation

£0 - £3.1m

The estimated valuation range for rich-kar limited, derived from financial data as of April 2022 and the most recent industry multiples, is between £0 to £3.1m

Get a detailed valuation report, edit figures and unlock valuation multiples.

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Rich-kar Limited is a live company located in dewsbury, WF13 4BD with a Companies House number of 03964168. It operates in the sale of used cars and light motor vehicles sector, SIC Code 45112. Founded in April 2000, it's largest shareholder is richard jay mitchell with a 50% stake. Rich-kar Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.7m with declining growth in recent years.

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Pomanda's financial health check has awarded Rich-Kar Limited a 4.5 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

Health Rating4.5out of 5

5 Strong

3 Regular

4 Weak

Size

annual sales of £2.7m, make it larger than the average company (£1.4m)

Growth

3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (4.7%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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RICH-KAR LIMITED group structure

Rich-Kar Limited has no subsidiary companies.

Ultimate parent company

RICH-KAR LIMITED

03964168

RICH-KAR LIMITED Shareholders

richard jay mitchell	50%
karl john mitchell	50%

Rich-Kar Limited currently has 2 directors. The longest serving directors include Mr Karl Mitchell (Apr 2000) and Mr Richard Mitchell (Apr 2000).

officer	country	age	start	end	role
Mr Karl Mitchell	United Kingdom	55 years	Apr 2000	-	Director
Mr Richard Mitchell	United Kingdom	51 years	Apr 2000	-	Director

EXPORT

Rich-Kar Limited's latest turnover from April 2022 is estimated at £2.7 million and the company has net assets of £1.1 million. According to their latest financial statements, Rich-Kar Limited has 10 employees and maintains cash reserves of £489 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	2,741,667	2,741,335	2,882,762	3,207,136	4,026,089	2,183,780	2,608,435	2,575,277	7,230,838	8,483,000	8,668,821	4,807,366	4,426,210
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,104,690	2,109,987	2,172,955	2,406,878	2,998,075	1,616,177	1,919,725	1,896,569	5,324,352	6,283,245	6,345,750	3,487,025	3,195,556
Gross Profit	636,977	631,348	709,807	800,259	1,028,014	567,603	688,710	678,708	1,906,486	2,199,755	2,323,071	1,320,340	1,230,654
Admin Expenses	681,818	697,784	931,318	952,545	1,102,463	546,578	674,941	652,268	1,900,817	2,169,162	2,270,751	1,149,010	-725,982
Operating Profit	-44,841	-66,436	-221,511	-152,286	-74,449	21,025	13,769	26,440	5,669	30,593	52,320	171,330	1,956,636
Interest Payable	0	0	0	0	0	0	9	9	0	0	0	0	0
Interest Receivable	2,521	256	452	3,904	2,832	1,475	2,833	3,087	3,975	4,664	5,309	5,807	2,721
Pre-Tax Profit	-42,320	-66,180	-221,059	-148,382	-71,617	22,500	16,593	29,518	9,644	35,257	57,629	177,136	1,959,357
Tax	0	0	0	0	0	-4,275	-3,318	-5,903	-2,025	-8,109	-13,831	-46,055	-548,620
Profit After Tax	-42,320	-66,180	-221,059	-148,382	-71,617	18,225	13,274	23,614	7,619	27,148	43,798	131,081	1,410,737
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-42,320	-66,180	-221,059	-148,382	-71,617	18,225	13,274	23,614	7,619	27,148	43,798	131,081	1,410,737
Employee Costs	280,627	265,918	305,737	286,749	195,853	191,958	160,246	395,730	1,090,218	1,382,123	1,478,364	826,334	804,619
Number Of Employees	10	10	11	10	7	7	6	15	42	54	60	34	32
EBITDA*	-40,686	-62,097	-216,770	-149,498	-71,691	36,305	15,456	28,318	7,760	32,216	52,320	171,330	1,956,636

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	12,968	14,573	18,912	23,653	18,561	20,731	36,011	37,698	18,635	14,351	15,974	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	181,968	222,476	197,623	280,805	288,197	295,056	261,900	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	194,936	237,049	216,535	304,458	306,758	315,787	297,911	37,698	18,635	14,351	15,974	0	0
Stock & work in progress	747,609	884,273	601,468	657,397	861,538	564,995	714,218	551,272	519,488	462,393	443,393	319,421	417,730
Trade Debtors	52,053	11,147	16,599	16,599	76,048	29,185	27,243	62,277	734,028	775,013	840,071	361,025	252,325
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	246,292	465,049	536,493	330,207	326,679	476,747	475,354	666,073	0	0	0	0	0
Cash	489,009	183,340	327,789	576,490	464,675	668,259	511,774	621,333	613,436	976,570	889,151	1,234,308	1,088,474
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,534,963	1,543,809	1,482,349	1,580,693	1,728,940	1,739,186	1,728,589	1,900,955	1,866,952	2,213,976	2,172,615	1,914,754	1,758,529
total assets	1,729,899	1,780,858	1,698,884	1,885,151	2,035,698	2,054,973	2,026,500	1,938,653	1,885,587	2,228,327	2,188,589	1,914,754	1,758,529
Bank overdraft	0	0	0	0	0	0	0	291	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	50,227	39,777	0	0	0	5,250	31,845	21,644	263,099	614,692	602,239	372,836	347,692
Group/Directors Accounts	512,722	547,613	58,008	51,963	65,882	77,528	65,128	62,273	0	0	0	0	0
other short term finances	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
other current liabilities	40,912	25,110	403,242	375,199	363,049	293,562	265,945	204,220	0	0	0	0	0
total current liabilities	603,861	612,500	461,250	427,162	428,931	376,340	362,918	288,428	263,099	614,692	602,239	372,836	347,692
loans	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
Accruals and Deferred Income	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
provisions	0	0	3,096	2,392	2,788	3,037	6,211	6,128	2,005	771	634	0	0
total long term liabilities	0	0	3,096	2,392	2,788	3,037	6,211	6,128	2,005	771	634	0	0
total liabilities	603,861	612,500	464,346	429,554	431,719	379,377	369,129	294,556	265,104	615,463	602,873	372,836	347,692
net assets	1,126,038	1,168,358	1,234,538	1,455,597	1,603,979	1,675,596	1,657,371	1,644,097	1,620,483	1,612,864	1,585,716	1,541,918	1,410,837
total shareholders funds	1,126,038	1,168,358	1,234,538	1,455,597	1,603,979	1,675,596	1,657,371	1,644,097	1,620,483	1,612,864	1,585,716	1,541,918	1,410,837

	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	-44,841	-66,436	-221,511	-152,286	-74,449	21,025	13,769	26,440	5,669	30,593	52,320	171,330	1,956,636
Depreciation	4,155	4,339	4,741	2,788	2,758	15,280	1,687	1,878	2,091	1,623	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	0	-4,275	-3,318	-5,903	-2,025	-8,109	-13,831	-46,055	-548,620
Stock	-136,664	282,805	-55,929	-204,141	296,543	-149,223	162,946	31,784	57,095	19,000	123,972	-98,309	417,730
Debtors	-177,851	-76,896	206,286	-55,921	-103,205	3,335	-225,753	-5,678	-40,985	-65,058	479,046	108,700	252,325
Creditors	10,450	39,777	0	0	-5,250	-26,595	10,201	-241,455	-351,593	12,453	229,403	25,144	347,692
Accruals and Deferred Income	15,802	-378,132	28,043	12,150	69,487	27,617	61,725	204,220	0	0	0	0	0
Deferred Taxes & Provisions	0	-3,096	704	-396	-249	-3,174	83	4,123	1,234	137	634	0	0
Cash flow from operations	300,081	-609,457	-338,380	122,318	-201,041	175,766	146,954	-36,803	-360,734	82,755	-334,492	140,028	1,085,653
Investing Activities
capital expenditure	-2,550	0	0	-7,880	-588	0	0	-20,941	-6,375	0	-15,974	0	0
Change in Investments	-40,508	24,853	-83,182	-7,392	-6,859	33,156	261,900	0	0	0	0	0	0
cash flow from investments	37,958	-24,853	83,182	-488	6,271	-33,156	-261,900	-20,941	-6,375	0	-15,974	0	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-34,891	489,605	6,045	-13,919	-11,646	12,400	2,855	62,273	0	0	0	0	0
Other Short Term Loans	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
Hire Purchase and Lease Commitments	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
share issue	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	2,521	256	452	3,904	2,832	1,475	2,824	3,078	3,975	4,664	5,309	5,807	2,721
cash flow from financing	-32,370	489,861	6,497	-10,015	-8,814	13,875	5,679	65,351	3,975	4,664	5,309	5,807	2,821
cash and cash equivalents
cash	305,669	-144,449	-248,701	111,815	-203,584	156,485	-109,559	7,897	-363,134	87,419	-345,157	145,834	1,088,474
overdraft	0	0	0	0	0	0	-291	291	0	0	0	0	0
change in cash	305,669	-144,449	-248,701	111,815	-203,584	156,485	-109,268	7,606	-363,134	87,419	-345,157	145,834	1,088,474

P&L

April 2022

turnover

2.7m

operating profit

-44.8k

gross margin

23.3%

+0.88%

turnover

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

Balance Sheet

April 2022

net assets

1.1m

-0.04%

total assets

1.7m

-0.03%

cash

489k

+1.67%

net assets

Total assets minus all liabilities

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company number

03964168

Type

Private limited with Share Capital

industry

45200 - Maintenance and repair of motor vehicles

45112 - Sale of used cars and light motor vehicles

incorporation date

April 2000

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

quarry garage, halifax road, staincliffe, dewsbury, west yorkshire, WF13 4BD

last accounts submitted

April 2022

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.

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rich-kar limited Company Information

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