Pomanda estimates the enterprise value of RICKS ENTERPRISES LTD at £449.9k based on a Turnover of £192.8k and 2.33x industry multiple (adjusted for size and gross margin).
ricks enterprises ltdEstimated Valuation
£163.3k
Pomanda estimates the enterprise value of RICKS ENTERPRISES LTD at £163.3k based on an EBITDA of £35.9k and a 4.54x industry multiple (adjusted for size and gross margin).
ricks enterprises ltdEstimated Valuation
£543.6k
Pomanda estimates the enterprise value of RICKS ENTERPRISES LTD at £543.6k based on Net Assets of £323k and 1.68x industry multiple (adjusted for liquidity).
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Ricks Enterprises LtdOverview
Ricks Enterprises Ltd is a live company located in essex, IG1 1HR with a Companies House number of 04729667. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in April 2003, it's largest shareholder is
rakesh kumar
with a 50% stake. Ricks Enterprises Ltd is a mature,
micro sized company, Pomanda has estimated its turnover at
£192.8k with
declining
growth in recent years.
Pomanda's financial health check has awarded Ricks Enterprises Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating2out of 5
2 Strong
2 Regular
6 Weak
Size
annual sales of £192.8k, make it smaller than the average company (£919k)
£192.8k - Ricks Enterprises Ltd
£919k - Industry AVG
Growth
3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (5.5%)
-7% - Ricks Enterprises Ltd
5.5% - Industry AVG
Production
with a gross margin of 32%, this company has a higher cost of product (73%)
32% - Ricks Enterprises Ltd
73% - Industry AVG
Profitability
an operating margin of 18.6% make it less profitable than the average company (27.8%)
18.6% - Ricks Enterprises Ltd
27.8% - Industry AVG
Employees
with 2 employees, this is below the industry average (4)
2 - Ricks Enterprises Ltd
4 - Industry AVG
Pay Structure
on an average salary of £33.9k, the company has an equivalent pay structure (£33.9k)
£33.9k - Ricks Enterprises Ltd
£33.9k - Industry AVG
Efficiency
resulting in sales per employee of £96.4k, this is less efficient (£186.7k)
£96.4k - Ricks Enterprises Ltd
£186.7k - Industry AVG
Debtor Days
it gets paid by customers after 17 days, this is earlier than average (32 days)
17 days - Ricks Enterprises Ltd
32 days - Industry AVG
Creditor Days
its suppliers are paid after 1490 days, this is slower than average (36 days)
1490 days - Ricks Enterprises Ltd
36 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Ricks Enterprises Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Ricks Enterprises Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 73.3%, this is a similar level of debt than the average (70.2%)
73.3% - Ricks Enterprises Ltd
70.2% - Industry AVG
RICKS ENTERPRISES LTD financials
EXPORT
Ricks Enterprises Ltd's latest turnover from April 2024 is estimated at £192.8 thousand and the company has net assets of £323 thousand. According to their latest financial statements, Ricks Enterprises Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Apr 2024
Apr 2023
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
192,786
736,263
241,275
243,225
229,222
326,062
283,609
335,173
583,049
830,338
324,695
489,304
1,012,510
708,321
399,524
Other Income Or Grants
Cost Of Sales
131,094
515,179
171,464
175,118
161,682
229,894
196,268
225,481
399,198
599,689
235,537
362,462
739,674
515,495
277,551
Gross Profit
61,691
221,085
69,810
68,107
67,541
96,168
87,341
109,692
183,851
230,649
89,158
126,842
272,837
192,827
121,973
Admin Expenses
25,763
186,317
35,025
24,914
36,957
62,327
54,268
60,895
147,910
201,208
66,086
110,745
268,695
190,432
122,065
Operating Profit
35,928
34,768
34,785
43,193
30,584
33,841
33,073
48,797
35,941
29,441
23,072
16,097
4,142
2,395
-92
Interest Payable
Interest Receivable
12
126
113
17
29
196
196
24
Pre-Tax Profit
35,928
34,768
34,785
43,193
30,584
33,841
33,073
48,809
36,068
29,554
23,089
16,126
4,338
2,592
-68
Tax
-8,982
-8,692
-6,609
-8,207
-5,811
-6,430
-6,284
-9,274
-7,213
-5,911
-4,849
-3,709
-1,041
-674
Profit After Tax
26,946
26,076
28,176
34,986
24,773
27,411
26,789
39,535
28,854
23,643
18,240
12,417
3,297
1,918
-68
Dividends Paid
Retained Profit
26,946
26,076
28,176
34,986
24,773
27,411
26,789
39,535
28,854
23,643
18,240
12,417
3,297
1,918
-68
Employee Costs
67,797
62,389
60,696
54,863
56,174
27,786
26,665
51,931
53,135
79,129
25,225
48,265
72,333
70,500
48,893
Number Of Employees
2
2
2
2
2
1
1
2
2
3
1
2
3
3
2
EBITDA*
35,928
34,768
34,785
43,193
30,584
33,841
33,073
48,797
35,941
29,441
23,142
16,185
4,142
2,532
-92
* Earnings Before Interest, Tax, Depreciation and Amortisation
Apr 2024
Apr 2023
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
1,199,111
1,199,111
1,199,111
1,199,111
1,198,111
1,188,111
1,139,865
1,129,865
1,122,365
1,119,865
1,116,405
704,447
704,645
704,645
528,640
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
1,199,111
1,199,111
1,199,111
1,199,111
1,198,111
1,188,111
1,139,865
1,129,865
1,122,365
1,119,865
1,116,405
704,447
704,645
704,645
528,640
Stock & work in progress
Trade Debtors
9,259
217,329
29,025
31,659
10,610
24,162
29,947
44,817
1,677
92,035
212,859
147,632
77,929
Group Debtors
Misc Debtors
Cash
9,641
40,857
4,387
2,243
9,391
69,169
9,412
misc current assets
total current assets
9,259
217,329
29,025
31,659
10,610
24,162
29,947
44,817
9,641
40,857
6,064
94,278
222,250
216,801
87,341
total assets
1,208,370
1,416,440
1,228,136
1,230,770
1,208,721
1,212,273
1,169,812
1,174,682
1,132,006
1,160,722
1,122,469
798,725
926,895
921,446
615,981
Bank overdraft
Bank loan
Trade Creditors
535,309
722,028
591,896
610,328
625,552
627,425
602,681
618,775
626,502
674,906
837,435
310,249
429,328
356,249
304,735
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
4,837
20,307
16,767
total current liabilities
535,309
726,865
612,203
627,095
625,552
627,425
602,681
618,775
626,502
674,906
837,435
310,249
429,328
356,249
304,735
loans
hp & lease commitments
Accruals and Deferred Income
17,900
17,703
15,333
14,133
other liabilities
350,068
393,528
345,962
361,880
358,460
385,109
397,173
413,938
417,199
426,365
249,226
470,908
492,416
563,343
311,310
provisions
total long term liabilities
350,068
393,528
345,962
361,880
376,360
402,812
412,506
428,071
417,199
426,365
249,226
470,908
492,416
563,343
311,310
total liabilities
885,377
1,120,393
958,165
988,975
1,001,912
1,030,237
1,015,187
1,046,846
1,043,701
1,101,271
1,086,661
781,157
921,744
919,592
616,045
net assets
322,993
296,047
269,971
241,795
206,809
182,036
154,625
127,836
88,305
59,451
35,808
17,568
5,151
1,854
-64
total shareholders funds
322,993
296,047
269,971
241,795
206,809
182,036
154,625
127,836
88,305
59,451
35,808
17,568
5,151
1,854
-64
Apr 2024
Apr 2023
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
35,928
34,768
34,785
43,193
30,584
33,841
33,073
48,797
35,941
29,441
23,072
16,097
4,142
2,395
-92
Depreciation
70
88
137
Amortisation
Tax
-8,982
-8,692
-6,609
-8,207
-5,811
-6,430
-6,284
-9,274
-7,213
-5,911
-4,849
-3,709
-1,041
-674
Stock
Debtors
-208,070
188,304
-2,634
21,049
-13,552
-5,785
-14,870
44,817
-1,677
-90,358
-120,824
65,227
69,703
77,929
Creditors
-186,719
130,132
-18,432
-15,224
-1,873
24,744
-16,094
-7,727
-48,404
-162,529
527,186
-119,079
73,079
51,514
304,735
Accruals and Deferred Income
-4,837
-15,470
3,540
-1,133
197
2,370
1,200
14,133
Deferred Taxes & Provisions
Cash flow from operations
43,460
-47,566
15,918
-2,420
36,649
60,310
26,765
1,112
-19,676
-137,322
635,837
14,221
10,953
-16,331
226,714
Investing Activities
capital expenditure
-1,000
-10,000
-48,246
-10,000
-7,500
-2,500
-3,460
-412,028
110
-176,142
-528,640
Change in Investments
cash flow from investments
-1,000
-10,000
-48,246
-10,000
-7,500
-2,500
-3,460
-412,028
110
-176,142
-528,640
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
-43,460
47,566
-15,918
3,420
-26,649
-12,064
-16,765
-3,261
-9,166
177,139
-221,682
-21,508
-70,927
252,033
311,310
share issue
-4
4
interest
12
126
113
17
29
196
196
24
cash flow from financing
-43,460
47,566
-15,918
3,420
-26,649
-12,064
-16,765
-3,253
-9,040
177,252
-221,665
-21,479
-70,731
252,229
311,338
cash and cash equivalents
cash
-9,641
-31,216
36,470
2,144
-7,148
-59,778
59,757
9,412
overdraft
change in cash
-9,641
-31,216
36,470
2,144
-7,148
-59,778
59,757
9,412
ricks enterprises ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for ricks enterprises ltd. Get real-time insights into ricks enterprises ltd's credit score, group structure and payment trends.
Perform a competitor analysis for ricks enterprises ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in IG1 area or any other competitors across 12 key performance metrics.
ricks enterprises ltd Ownership
RICKS ENTERPRISES LTD group structure
Ricks Enterprises Ltd has no subsidiary companies.
Ultimate parent company
RICKS ENTERPRISES LTD
04729667
RICKS ENTERPRISES LTD Shareholders
The largest shareholders in Ricks Enterprises Ltd include Rakesh Kumar and Ranjit Singh Sokhi.
rakesh kumar
50%
ranjit singh sokhi
50%
ricks enterprises ltd directors
Ricks Enterprises Ltd currently has 2 directors.
The longest serving directors include
Mr Ranjit Sokhi (Apr 2004) and
Mr Rakesh Kumar (Jul 2014).
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
April 2003
age
22
incorporated
UK
ultimate parent company
None
accounts
Micro-Entity Accounts
last accounts submitted
April 2024
previous names
r k heating & plumbing supplies ltd (October 2004)
accountant
-
auditor
-
address
86b albert rd, ilford, essex, IG1 1HR
Bank
-
Legal Advisor
-
ricks enterprises ltd 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 did not find charges/mortgages relating to ricks enterprises ltd.
ricks enterprises ltd 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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ricks enterprises ltdCompanies House Filings - See Documents
