Richlake Developments Limited

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SOLUTIONS

richlake developments limited Company Information

Live

MatureMicroDeclining

Company Number

05157874

Next Accounts

Jun 2025

Industry

Development of building projects

Directors

John Westlake

Shareholders

john lee westlake

Group Structure

View All

Contact

Registered Address

maria house, 35 millers road, brighton, BN1 5NP

Website

richlake developments limited Estimated Valuation

£71.8k

Pomanda estimates the enterprise value of RICHLAKE DEVELOPMENTS LIMITED at £71.8k based on a Turnover of £191.2k and 0.38x industry multiple (adjusted for size and gross margin).

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Richlake Developments Limited is a live company located in brighton, BN1 5NP with a Companies House number of 05157874. It operates in the development of building projects sector, SIC Code 41100. Founded in June 2004, it's largest shareholder is john lee westlake with a 100% stake. Richlake Developments Limited is a mature, micro sized company, Pomanda has estimated its turnover at £191.2k with declining growth in recent years.

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Pomanda's financial health check has awarded Richlake Developments Limited 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 £191.2k, make it smaller than the average company (£2.2m)

Growth

3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (3.5%)

EXPORT

Richlake Developments Limited's latest turnover from September 2023 is estimated at £191.2 thousand and the company has net assets of -£53.9 thousand. According to their latest financial statements, Richlake Developments Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	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	191,164	618,171	284,924	264,172	178,826	317,369	155,258	71,723	68,890	50,315	194,059	156,670	88,465	92,242	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	173,280	559,193	260,501	238,707	161,172	284,257	137,570	63,353	61,322	44,731	173,414	141,107	79,748	83,048	0
Gross Profit	17,884	58,978	24,423	25,466	17,655	33,111	17,688	8,370	7,568	5,584	20,645	15,563	8,717	9,194	0
Admin Expenses	-6,661	120,689	11,175	15,024	47,267	13,479	34,808	-8,126	4,242	22,949	12,610	17,122	13,715	6,291	-562
Operating Profit	24,545	-61,711	13,248	10,442	-29,612	19,632	-17,120	16,496	3,326	-17,365	8,035	-1,559	-4,998	2,903	562
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	33	66	98	37	27	41	86	119	53
Pre-Tax Profit	24,545	-61,711	13,248	10,442	-29,612	19,632	-17,087	16,563	3,424	-17,328	8,062	-1,518	-4,912	3,022	615
Tax	-6,136	0	-2,517	-1,984	0	-3,730	0	-3,312	-685	0	-1,854	0	0	-846	-172
Profit After Tax	18,409	-61,711	10,731	8,458	-29,612	15,902	-17,087	13,250	2,739	-17,328	6,208	-1,518	-4,912	2,176	443
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	18,409	-61,711	10,731	8,458	-29,612	15,902	-17,087	13,250	2,739	-17,328	6,208	-1,518	-4,912	2,176	443
Employee Costs	97,601	91,466	89,431	87,675	87,403	85,912	83,787	41,001	39,571	37,375	36,143	35,927	35,015	33,714	0
Number Of Employees	2	2	2	2	2	2	2	1	1	1	1	1	1	1	0
EBITDA*	24,545	-61,711	13,248	10,442	-29,612	19,632	-17,120	16,677	4,101	-16,441	9,168	-159	-3,131	5,396	3,882

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	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	3,143	3,607	4,923	6,855	8,979	10,428	13,904	543	2,325	2,768	3,401	4,202	5,602	7,469	9,962
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	3,143	3,607	4,923	6,855	8,979	10,428	13,904	543	2,325	2,768	3,401	4,202	5,602	7,469	9,962
Stock & work in progress	0	0	0	0	0	0	0	20,195	0	0	0	0	0	0	0
Trade Debtors	16,855	139,951	66,576	49,818	21,027	74,651	21,177	2,013	332	265	42,098	28,937	13,691	9,266	1,550
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	15	515	882	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	26,236	26,913	12,210	2,589	8,336	7,963	26,355	21,269
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	16,870	140,466	67,458	49,818	21,027	74,651	21,177	48,444	27,245	12,475	44,687	37,273	21,654	35,621	22,819
total assets	20,013	144,073	72,381	56,673	30,006	85,079	35,081	48,987	29,570	15,243	48,088	41,475	27,256	43,090	32,781
Bank overdraft	0	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	0
Trade Creditors	72,484	216,071	81,556	76,582	57,895	83,326	48,660	47,829	41,662	30,074	45,591	45,186	29,449	40,371	32,238
Group/Directors Accounts	0	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	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	72,484	216,071	81,556	76,582	57,895	83,326	48,660	47,829	41,662	30,074	45,591	45,186	29,449	40,371	32,238
loans	0	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	0
Accruals and Deferred Income	1,381	263	1,375	1,372	1,850	1,880	2,450	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	1,381	263	1,375	1,372	1,850	1,880	2,450	0	0	0	0	0	0	0	0
total liabilities	73,865	216,334	82,931	77,954	59,745	85,206	51,110	47,829	41,662	30,074	45,591	45,186	29,449	40,371	32,238
net assets	-53,852	-72,261	-10,550	-21,281	-29,739	-127	-16,029	1,158	-12,092	-14,831	2,497	-3,711	-2,193	2,719	543
total shareholders funds	-53,852	-72,261	-10,550	-21,281	-29,739	-127	-16,029	1,158	-12,092	-14,831	2,497	-3,711	-2,193	2,719	543

	Sep 2023	Sep 2022	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	24,545	-61,711	13,248	10,442	-29,612	19,632	-17,120	16,496	3,326	-17,365	8,035	-1,559	-4,998	2,903	562
Depreciation	0	0	0	0	0	0	0	181	775	924	1,133	1,400	1,867	2,493	3,320
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-6,136	0	-2,517	-1,984	0	-3,730	0	-3,312	-685	0	-1,854	0	0	-846	-172
Stock	0	0	0	0	0	0	-20,195	20,195	0	0	0	0	0	0	0
Debtors	-123,596	73,008	17,640	28,791	-53,624	53,474	19,164	1,681	67	-41,833	13,161	15,246	4,425	7,716	1,550
Creditors	-143,587	134,515	4,974	18,687	-25,431	34,666	831	6,167	11,588	-15,517	405	15,737	-10,922	8,133	32,238
Accruals and Deferred Income	1,118	-1,112	3	-478	-30	-570	2,450	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-464	-1,316	-1,932	-2,124	-1,449	-3,476	-12,808	-2,344	14,937	9,875	-5,442	332	-18,478	4,967	34,398
Investing Activities
capital expenditure	464	1,316	1,932	2,124	1,449	3,476	-13,361	1,601	-332	-291	-332	0	0	0	-13,282
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	464	1,316	1,932	2,124	1,449	3,476	-13,361	1,601	-332	-291	-332	0	0	0	-13,282
Financing Activities
Bank loans	0	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	0
Other Short Term Loans	0	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	0
Hire Purchase and Lease Commitments	0	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	0
share issue	0	0	0	0	0	0	-100	0	0	0	0	0	0	0	100
interest	0	0	0	0	0	0	33	66	98	37	27	41	86	119	53
cash flow from financing	0	0	0	0	0	0	-67	66	98	37	27	41	86	119	153
cash and cash equivalents
cash	0	0	0	0	0	0	-26,236	-677	14,703	9,621	-5,747	373	-18,392	5,086	21,269
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-26,236	-677	14,703	9,621	-5,747	373	-18,392	5,086	21,269

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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RICHLAKE DEVELOPMENTS LIMITED group structure

Richlake Developments Limited has no subsidiary companies.

Ultimate parent company

RICHLAKE DEVELOPMENTS LIMITED

05157874

RICHLAKE DEVELOPMENTS LIMITED Shareholders

john lee westlake

100%

Richlake Developments Limited currently has 1 director, Mr John Westlake serving since Jun 2004.

officer	country	age	start	end	role
Mr John Westlake	England	69 years	Jun 2004	-	Director

P&L

September 2023

turnover

191.2k

-69%

operating profit

24.5k

gross margin

9.4%

-1.94%

turnover

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

Balance Sheet

September 2023

net assets

-53.9k

-0.25%

total assets

20k

-0.86%

cash

net assets

Total assets minus all liabilities

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company number

05157874

Type

Private limited with Share Capital

industry

41100 - Development of building projects

incorporation date

June 2004

ultimate parent company

None

previous names

richlake limited (July 2004)

address

maria house, 35 millers road, brighton, BN1 5NP

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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richlake developments limited Company Information

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richlake developments limited Estimated Valuation

richlake developments limited Estimated Valuation

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