Ritrum Limited

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ritrum limited Company Information

Live

MatureMicroDeclining

Company Number

04838882

Website

Registered Address

49 station road, polegate, BN26 6EA

Industry

Artistic creation

Telephone

Next Accounts Due

December 2024

Group Structure

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Directors

Matthew Letley21 Years

Valerie Letley21 Years

Shareholders

valerie elizabeth letley 50%

matthew roger letley 50%

ritrum limited Estimated Valuation

£39.3k

Pomanda estimates the enterprise value of RITRUM LIMITED at £39.3k based on a Turnover of £131.1k and 0.3x industry multiple (adjusted for size and gross margin).

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Ritrum Limited is a live company located in polegate, BN26 6EA with a Companies House number of 04838882. It operates in the artistic creation sector, SIC Code 90030. Founded in July 2003, it's largest shareholder is valerie elizabeth letley with a 50% stake. Ritrum Limited is a mature, micro sized company, Pomanda has estimated its turnover at £131.1k with declining growth in recent years.

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Pomanda's financial health check has awarded Ritrum Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

1 Strong

2 Regular

7 Weak

Size

annual sales of £131.1k, make it smaller than the average company (£293.2k)

Growth

3 year (CAGR) sales growth of -18%, show it is growing at a slower rate (4.2%)

EXPORT

Ritrum Limited's latest turnover from March 2023 is estimated at £131.1 thousand and the company has net assets of £22.4 thousand. According to their latest financial statements, Ritrum Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	131,066	115,290	255,594	238,281	386,125	624,370	707,501	89,107	14,816	2,948	38,548	69,871	19,570	82,980
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	102,826	90,382	205,625	184,009	297,012	466,305	503,844	63,928	10,374	1,910	24,741	48,217	13,615	57,051
Gross Profit	28,241	24,908	49,969	54,272	89,113	158,065	203,658	25,179	4,442	1,038	13,807	21,654	5,955	25,929
Admin Expenses	25,834	68,423	52,628	58,146	137,064	179,212	245,096	86,711	43,111	31,050	-90,622	-132,124	-77,871	-45,037
Operating Profit	2,407	-43,515	-2,659	-3,874	-47,951	-21,147	-41,438	-61,532	-38,669	-30,012	104,429	153,778	83,826	70,966
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	228	1,061	1,317	1,565	1,508	1,020	558	192
Pre-Tax Profit	2,407	-43,515	-2,659	-3,874	-47,951	-21,147	-41,210	-60,471	-37,352	-28,447	105,937	154,797	84,383	71,158
Tax	-457	0	0	0	0	0	0	0	0	0	-25,425	-40,247	-23,627	-19,924
Profit After Tax	1,950	-43,515	-2,659	-3,874	-47,951	-21,147	-41,210	-60,471	-37,352	-28,447	80,512	114,550	60,756	51,234
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	1,950	-43,515	-2,659	-3,874	-47,951	-21,147	-41,210	-60,471	-37,352	-28,447	80,512	114,550	60,756	51,234
Employee Costs	51,821	51,233	25,512	24,394	73,710	123,863	153,038	51,567	54,177	27,241	26,752	26,063	25,119	25,812
Number Of Employees	2	2	1	1	3	5	6	2	2	1	1	1	1	1
EBITDA*	2,407	-43,515	-2,659	-3,874	-47,951	-21,147	-41,438	-60,999	-37,903	-29,240	105,828	155,737	86,245	73,626

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	1,207	2,041	3,369	3,134	4,834	6,154	3,752	2,165	2,298	2,315	3,087	4,486	6,445	7,756
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	1,207	2,041	3,369	3,134	4,834	6,154	3,752	2,165	2,298	2,315	3,087	4,486	6,445	7,756
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	26,688	24,138	70,558	70,192	76,090	123,858	142,423	0	0	73	4,721	9,972	1,002	14,389
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	518	518	0	0	0	0	0
Cash	0	0	0	0	0	0	0	182,174	242,157	284,831	341,253	261,747	146,113	76,933
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	26,688	24,138	70,558	70,192	76,090	123,858	142,423	182,692	242,675	284,904	345,974	271,719	147,115	91,322
total assets	27,895	26,179	73,927	73,326	80,924	130,012	146,175	184,857	244,973	287,219	349,061	276,205	153,560	99,078
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	5,519	5,365	9,346	6,130	9,531	10,356	5,853	0	0	8,514	41,909	49,565	41,470	47,744
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	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	0
other current liabilities	0	0	0	0	0	0	0	3,975	3,620	0	0	0	0	0
total current liabilities	5,519	5,365	9,346	6,130	9,531	10,356	5,853	3,975	3,620	8,514	41,909	49,565	41,470	47,744
loans	0	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	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	0	388	640	596	919	1,231	750	0	0	0	0	0	0	0
total long term liabilities	0	388	640	596	919	1,231	750	0	0	0	0	0	0	0
total liabilities	5,519	5,753	9,986	6,726	10,450	11,587	6,603	3,975	3,620	8,514	41,909	49,565	41,470	47,744
net assets	22,376	20,426	63,941	66,600	70,474	118,425	139,572	180,882	241,353	278,705	307,152	226,640	112,090	51,334
total shareholders funds	22,376	20,426	63,941	66,600	70,474	118,425	139,572	180,882	241,353	278,705	307,152	226,640	112,090	51,334

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	2,407	-43,515	-2,659	-3,874	-47,951	-21,147	-41,438	-61,532	-38,669	-30,012	104,429	153,778	83,826	70,966
Depreciation	0	0	0	0	0	0	0	533	766	772	1,399	1,959	2,419	2,660
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-457	0	0	0	0	0	0	0	0	0	-25,425	-40,247	-23,627	-19,924
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	2,550	-46,420	366	-5,898	-47,768	-18,565	141,905	0	445	-4,648	-5,251	8,970	-13,387	14,389
Creditors	154	-3,981	3,216	-3,401	-825	4,503	5,853	0	-8,514	-33,395	-7,656	8,095	-6,274	47,744
Accruals and Deferred Income	0	0	0	0	0	0	-3,975	355	3,620	0	0	0	0	0
Deferred Taxes & Provisions	-388	-252	44	-323	-312	481	750	0	0	0	0	0	0	0
Cash flow from operations	-834	-1,328	235	-1,700	-1,320	2,402	-180,715	-60,644	-43,242	-57,987	77,998	114,615	69,731	87,057
Investing Activities
capital expenditure	834	1,328	-235	1,700	1,320	-2,402	-1,587	-400	-749	0	0	0	-1,108	-10,416
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	834	1,328	-235	1,700	1,320	-2,402	-1,587	-400	-749	0	0	0	-1,108	-10,416
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	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	0
Hire Purchase and Lease Commitments	0	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	0
share issue	0	0	0	0	0	0	-100	0	0	0	0	0	0	100
interest	0	0	0	0	0	0	228	1,061	1,317	1,565	1,508	1,020	558	192
cash flow from financing	0	0	0	0	0	0	128	1,061	1,317	1,565	1,508	1,020	558	292
cash and cash equivalents
cash	0	0	0	0	0	0	-182,174	-59,983	-42,674	-56,422	79,506	115,634	69,180	76,933
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-182,174	-59,983	-42,674	-56,422	79,506	115,634	69,180	76,933

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for ritrum limited by selecting its closest rivals, whether from the ARTS, ENTERTAINMENT AND RECREATION sector, other micro companies, companies in BN26 area or any other competitors across 12 key performance metrics.

RITRUM LIMITED group structure

Ritrum Limited has no subsidiary companies.

Ultimate parent company

RITRUM LIMITED

04838882

RITRUM LIMITED Shareholders

valerie elizabeth letley	50%
matthew roger letley	50%

Ritrum Limited currently has 2 directors. The longest serving directors include Mr Matthew Letley (Jul 2003) and Mrs Valerie Letley (Jul 2003).

officer	country	age	start	end	role
Mr Matthew Letley	England	63 years	Jul 2003	-	Director
Mrs Valerie Letley	England	65 years	Jul 2003	-	Director

P&L

March 2023

turnover

131.1k

+14%

operating profit

2.4k

gross margin

21.6%

-0.27%

turnover

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

Balance Sheet

March 2023

net assets

22.4k

+0.1%

total assets

27.9k

+0.07%

cash

net assets

Total assets minus all liabilities

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company number

04838882

Type

Private limited with Share Capital

industry

90030 - Artistic creation

incorporation date

July 2003

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

last accounts submitted

March 2023

address

49 station road, polegate, BN26 6EA

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 ritrum limited.

ritrum limited Company Information

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ritrum limited Estimated Valuation

ritrum limited Estimated Valuation

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