Pomanda estimates the enterprise value of RYKAR LTD at £10.3m based on a Turnover of £22.7m and 0.46x industry multiple (adjusted for size and gross margin).
rykar ltdEstimated Valuation
£4.4m
Pomanda estimates the enterprise value of RYKAR LTD at £4.4m based on an EBITDA of £739.5k and a 5.99x industry multiple (adjusted for size and gross margin).
rykar ltdEstimated Valuation
£6.4m
Pomanda estimates the enterprise value of RYKAR LTD at £6.4m based on Net Assets of £2.3m and 2.75x industry multiple (adjusted for liquidity).
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Rykar LtdOverview
Rykar Ltd is a live company located in manchester, M3 3WF with a Companies House number of 04911593. It operates in the sale of new cars and light motor vehicles sector, SIC Code 45111. Founded in September 2003, it's largest shareholder is
jack ackstine
with a 100% stake. Rykar Ltd is a mature,
large sized company, Pomanda has estimated its turnover at
£22.7m with
high
growth in recent years.
Pomanda's financial health check has awarded Rykar Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
Health Rating4.5out of 5
4 Strong
5 Regular
3 Weak
Size
annual sales of £22.7m, make it in line with the average company (£23.7m)
£22.7m - Rykar Ltd
£23.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 22%, show it is growing at a faster rate (0.8%)
22% - Rykar Ltd
0.8% - Industry AVG
Production
with a gross margin of 10.2%, this company has a comparable cost of product (10.2%)
10.2% - Rykar Ltd
10.2% - Industry AVG
Profitability
an operating margin of 2.2% make it less profitable than the average company (2.9%)
2.2% - Rykar Ltd
2.9% - Industry AVG
Employees
with 30 employees, this is below the industry average (50)
30 - Rykar Ltd
50 - Industry AVG
Pay Structure
on an average salary of £32.6k, the company has an equivalent pay structure (£32.6k)
£32.6k - Rykar Ltd
£32.6k - Industry AVG
Efficiency
resulting in sales per employee of £756.6k, this is more efficient (£461.8k)
£756.6k - Rykar Ltd
£461.8k - Industry AVG
Debtor Days
it gets paid by customers after 1 days, this is earlier than average (6 days)
1 days - Rykar Ltd
6 days - Industry AVG
Creditor Days
its suppliers are paid after 59 days, this is slower than average (24 days)
59 days - Rykar Ltd
24 days - Industry AVG
Stock Days
it holds stock equivalent to 91 days, this is more than average (61 days)
91 days - Rykar Ltd
61 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 7 weeks, this is average cash available to meet short term requirements (9 weeks)
7 weeks - Rykar Ltd
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 74.9%, this is a similar level of debt than the average (69.9%)
74.9% - Rykar Ltd
69.9% - Industry AVG
RYKAR LTD financials
EXPORT
Rykar Ltd's latest turnover from December 2021 is estimated at £22.7 million and the company has net assets of £2.3 million. According to their latest financial statements, Rykar Ltd has 30 employees and maintains cash reserves of £820.2 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Turnover
22,697,244
19,320,711
17,523,256
12,635,402
10,527,324
7,801,575
9,695,554
9,348,315
8,831,016
6,518,060
4,560,458
3,858,421
Other Income Or Grants
Cost Of Sales
20,389,930
17,400,992
15,734,229
11,314,695
9,414,605
6,972,299
8,596,091
8,324,422
7,868,034
5,799,314
4,039,708
3,395,646
Gross Profit
2,307,314
1,919,719
1,789,026
1,320,706
1,112,719
829,276
1,099,462
1,023,893
962,983
718,745
520,750
462,776
Admin Expenses
1,808,535
1,410,107
1,209,063
1,066,381
803,018
611,664
820,664
962,329
906,972
667,006
376,241
350,998
-154,114
Operating Profit
498,779
509,612
579,963
254,325
309,701
217,612
278,798
61,564
56,011
51,739
144,509
111,778
154,114
Interest Payable
84,611
74,540
72,542
44,766
14,441
16,314
8,088
Interest Receivable
2,438
858
3,484
2,049
694
135
82
1
31
75
45
Pre-Tax Profit
416,606
435,930
510,905
211,607
295,954
201,433
270,791
61,565
56,012
51,739
144,539
111,853
154,158
Tax
-79,155
-82,827
-97,072
-40,205
-56,231
-40,286
-54,158
-12,929
-12,883
-12,417
-37,580
-31,319
-43,164
Profit After Tax
337,451
353,103
413,833
171,402
239,723
161,146
216,633
48,636
43,129
39,322
106,959
80,534
110,994
Dividends Paid
Retained Profit
337,451
353,103
413,833
171,402
239,723
161,146
216,633
48,636
43,129
39,322
106,959
80,534
110,994
Employee Costs
978,194
845,408
847,459
821,366
776,341
642,690
567,223
610,962
590,479
469,895
340,566
287,188
Number Of Employees
30
27
27
27
26
22
20
22
22
18
13
11
EBITDA*
739,550
744,727
795,983
468,894
558,450
464,986
311,169
73,524
67,169
58,964
169,823
145,312
167,523
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Tangible Assets
1,212,570
1,297,023
1,356,154
1,347,741
1,376,379
1,356,311
416,367
196,204
166,779
160,817
168,042
128,856
49,495
Intangible Assets
1,600
2,000
2,400
2,800
3,200
3,600
Investments & Other
245
245
Debtors (Due After 1 year)
Total Fixed Assets
1,214,170
1,299,023
1,358,554
1,350,541
1,379,579
1,359,911
416,367
196,204
167,024
161,062
168,042
128,856
49,495
Stock & work in progress
5,091,630
5,036,256
3,801,234
3,102,696
2,182,775
1,468,330
855,064
444,528
505,154
475,018
502,000
400,000
290,000
Trade Debtors
64,209
67,115
201,358
140,334
107,602
129,369
505,153
430,702
355,819
227,677
90,768
65,777
47,356
Group Debtors
Misc Debtors
2,077,714
1,314,796
878,115
576,939
596,197
398,229
Cash
820,241
1,130,377
584,978
344,012
202,386
75,219
32,649
110
116
50
50
12,196
17,860
misc current assets
total current assets
8,053,794
7,548,544
5,465,685
4,163,981
3,088,960
2,071,147
1,392,866
875,340
861,089
702,745
592,818
477,973
355,216
total assets
9,267,964
8,847,567
6,824,239
5,514,522
4,468,539
3,431,058
1,809,233
1,071,544
1,028,113
863,807
760,860
606,829
404,711
Bank overdraft
321,047
918,127
889,068
990,267
171,138
273,197
248,866
Bank loan
Trade Creditors
3,314,945
2,892,635
2,214,072
759,081
728,668
322,994
196,544
598,093
647,075
525,898
462,273
415,201
293,617
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
1,702,913
1,456,934
794,448
1,110,365
1,152,074
907,093
599,095
total current liabilities
5,338,905
5,267,696
3,897,588
2,859,713
2,051,880
1,503,284
1,044,505
598,093
647,075
525,898
462,273
415,201
293,617
loans
936,684
531,695
105,059
164,998
hp & lease commitments
Accruals and Deferred Income
other liabilities
513,964
895,178
1,023,254
1,122,294
1,237,021
996,599
118,421
43,777
provisions
155,446
167,484
165,927
148,939
132,462
123,722
total long term liabilities
1,606,094
1,594,357
1,294,240
1,436,231
1,369,483
1,120,321
118,421
43,777
total liabilities
6,944,999
6,862,053
5,191,828
4,295,944
3,421,363
2,623,605
1,162,926
641,870
647,075
525,898
462,273
415,201
293,617
net assets
2,322,965
1,985,514
1,632,411
1,218,578
1,047,176
807,453
646,307
429,674
381,038
337,909
298,587
191,628
111,094
total shareholders funds
2,322,965
1,985,514
1,632,411
1,218,578
1,047,176
807,453
646,307
429,674
381,038
337,909
298,587
191,628
111,094
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Operating Activities
Operating Profit
498,779
509,612
579,963
254,325
309,701
217,612
278,798
61,564
56,011
51,739
144,509
111,778
154,114
Depreciation
240,371
234,715
215,620
214,169
248,349
246,974
32,371
11,960
11,158
7,225
25,314
33,534
13,409
Amortisation
400
400
400
400
400
400
Tax
-79,155
-82,827
-97,072
-40,205
-56,231
-40,286
-54,158
-12,929
-12,883
-12,417
-37,580
-31,319
-43,164
Stock
55,374
1,235,022
698,538
919,921
714,445
613,266
410,536
-60,626
30,136
-26,982
102,000
110,000
290,000
Debtors
760,012
302,438
362,200
13,474
176,201
22,445
74,451
74,883
128,142
136,909
24,991
18,421
47,356
Creditors
422,310
678,563
1,454,991
30,413
405,674
126,450
-401,549
-48,982
121,177
63,625
47,072
121,584
293,617
Accruals and Deferred Income
245,979
662,486
-315,917
-41,709
244,981
307,998
599,095
Deferred Taxes & Provisions
-12,038
1,557
16,988
16,477
8,740
123,722
Cash flow from operations
501,260
467,046
794,235
-499,525
270,968
347,159
-30,430
-2,644
17,185
245
52,324
107,156
80,620
Investing Activities
capital expenditure
-155,918
-175,584
-224,033
-185,531
-268,417
-1,190,918
-252,534
-41,385
-17,120
-64,500
-112,895
-62,904
Change in Investments
-245
245
cash flow from investments
-155,918
-175,584
-224,033
-185,531
-268,417
-1,190,918
-252,534
-41,140
-17,120
-245
-64,500
-112,895
-62,904
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
404,989
426,636
-59,939
164,998
Hire Purchase and Lease Commitments
other long term liabilities
-381,214
-128,076
-99,040
-114,727
240,422
878,178
74,644
43,777
share issue
100
interest
-82,173
-73,682
-69,058
-42,717
-13,747
-16,179
-8,006
1
31
75
45
cash flow from financing
-58,398
224,878
-228,037
7,554
226,675
861,999
66,638
43,778
31
75
145
cash and cash equivalents
cash
-310,136
545,399
240,966
141,626
127,167
42,570
32,539
-6
66
-12,146
-5,664
17,860
overdraft
-597,080
29,059
-101,199
819,129
-102,059
24,331
248,866
change in cash
286,944
516,340
342,165
-677,503
229,226
18,239
-216,327
-6
66
-12,146
-5,664
17,860
rykar 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 rykar ltd. Get real-time insights into rykar ltd's credit score, group structure and payment trends.
Perform a competitor analysis for rykar ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in M 3 area or any other competitors across 12 key performance metrics.
rykar ltd Ownership
RYKAR LTD group structure
Rykar Ltd has no subsidiary companies.
Ultimate parent company
RYKAR LTD
04911593
RYKAR LTD Shareholders
The sole shareholder of Rykar Ltd is Jack Ackstine.
jack ackstine
100%
rykar ltd directors
Rykar Ltd currently has 1 director, Mr Jack Ackstine serving since Oct 2003.
45112 - Sale of used cars and light motor vehicles
45111 - Sale of new cars and light motor vehicles
incorporation date
September 2003
age
22
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
December 2021
previous names
N/A
accountant
-
auditor
-
address
third floor 196 deansgate, manchester, M3 3WF
Bank
-
Legal Advisor
-
rykar 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 found 8 charges/mortgages relating to rykar ltd. Currently there are 4 open charges and 4 have been satisfied in the past.
rykar 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.
Click to start generating capital raising & share issue transactions for RYKAR LTD. This can take several minutes, an email will notify you when this has completed.
