ring 24 limited
ring 24 limited Company Information
Company Number
05181892
Next Accounts
Mar 2025
Shareholders
pbx hosting limited
Group Structure
View All
Industry
Other telecommunications activities
Registered Address
unit 4 bow court, fletchworth gate industrial esta, coventry, CV5 6SP
Website
ring24.comring 24 limited Estimated Valuation
Pomanda estimates the enterprise value of RING 24 LIMITED at £67.6k based on a Turnover of £113k and 0.6x industry multiple (adjusted for size and gross margin).
ring 24 limited Estimated Valuation
Pomanda estimates the enterprise value of RING 24 LIMITED at £39.1k based on an EBITDA of £15.5k and a 2.52x industry multiple (adjusted for size and gross margin).
ring 24 limited Estimated Valuation
Pomanda estimates the enterprise value of RING 24 LIMITED at £17.6k based on Net Assets of £7.3k and 2.41x industry multiple (adjusted for liquidity).
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Ring 24 Limited Overview
Ring 24 Limited is a dissolved company that was located in coventry, CV5 6SP with a Companies House number of 05181892. It operated in the other telecommunications activities sector, SIC Code 61900. Founded in July 2004, it's largest shareholder was pbx hosting limited with a 100% stake. The last turnover for Ring 24 Limited was estimated at £113k.
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Ring 24 Limited Health Check
Pomanda's financial health check has awarded Ring 24 Limited a 3 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
2 Strong
2 Regular
6 Weak
Size
annual sales of £113k, make it smaller than the average company (£9.4m)
- Ring 24 Limited
£9.4m - Industry AVG
Growth
3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (5%)
- Ring 24 Limited
5% - Industry AVG
Production
with a gross margin of 19.8%, this company has a higher cost of product (40%)
- Ring 24 Limited
40% - Industry AVG
Profitability
an operating margin of 13.7% make it more profitable than the average company (5.2%)
- Ring 24 Limited
5.2% - Industry AVG
Employees
with 2 employees, this is below the industry average (54)
2 - Ring 24 Limited
54 - Industry AVG
Pay Structure
on an average salary of £57k, the company has an equivalent pay structure (£57k)
- Ring 24 Limited
£57k - Industry AVG
Efficiency
resulting in sales per employee of £56.5k, this is less efficient (£218.4k)
- Ring 24 Limited
£218.4k - Industry AVG
Debtor Days
it gets paid by customers after 40 days, this is near the average (43 days)
- Ring 24 Limited
43 days - Industry AVG
Creditor Days
its suppliers are paid after 14 days, this is quicker than average (44 days)
- Ring 24 Limited
44 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Ring 24 Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Ring 24 Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 41.6%, this is a lower level of debt than the average (69.2%)
41.6% - Ring 24 Limited
69.2% - Industry AVG
RING 24 LIMITED financials
Ring 24 Limited's latest turnover from July 2019 is estimated at £113 thousand and the company has net assets of £7.3 thousand. According to their latest financial statements, Ring 24 Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||
| Other Income Or Grants | |||||||||||
| Cost Of Sales | |||||||||||
| Gross Profit | |||||||||||
| Admin Expenses | |||||||||||
| Operating Profit | |||||||||||
| Interest Payable | |||||||||||
| Interest Receivable | |||||||||||
| Pre-Tax Profit | |||||||||||
| Tax | |||||||||||
| Profit After Tax | |||||||||||
| Dividends Paid | |||||||||||
| Retained Profit | |||||||||||
| Employee Costs | |||||||||||
| Number Of Employees | 2 | 2 | 2 | 2 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 432 | 1,036 | 690 | 1,183 | 1,564 | 1,030 | |||||
| Intangible Assets | |||||||||||
| Investments & Other | |||||||||||
| Debtors (Due After 1 year) | |||||||||||
| Total Fixed Assets | 432 | 1,036 | 690 | 1,183 | 1,564 | 1,030 | |||||
| Stock & work in progress | |||||||||||
| Trade Debtors | 12,486 | 10,411 | 12,420 | 19,257 | 22,560 | 20,530 | 23,719 | 59,763 | 19,003 | 18,999 | 17,129 |
| Group Debtors | |||||||||||
| Misc Debtors | 865 | 5,101 | |||||||||
| Cash | 2,847 | 4,325 | 2,747 | 4,864 | 4,516 | 16,216 | 3,477 | 2,867 | 7,375 | ||
| misc current assets | |||||||||||
| total current assets | 12,486 | 10,411 | 16,132 | 28,683 | 25,307 | 25,394 | 28,235 | 75,979 | 22,480 | 21,866 | 24,504 |
| total assets | 12,486 | 10,411 | 16,132 | 28,683 | 25,307 | 25,826 | 29,271 | 76,669 | 23,663 | 23,430 | 25,534 |
| Bank overdraft | |||||||||||
| Bank loan | |||||||||||
| Trade Creditors | 3,725 | 14,697 | 11,288 | 27,233 | 53,039 | 39,994 | 42,187 | 90,275 | 42,873 | 31,682 | 21,709 |
| Group/Directors Accounts | |||||||||||
| other short term finances | |||||||||||
| hp & lease commitments | |||||||||||
| other current liabilities | 27,607 | 28,283 | |||||||||
| total current liabilities | 3,725 | 14,697 | 38,895 | 55,516 | 53,039 | 39,994 | 42,187 | 90,275 | 42,873 | 31,682 | 21,709 |
| loans | |||||||||||
| hp & lease commitments | |||||||||||
| Accruals and Deferred Income | 1,467 | 1,000 | |||||||||
| other liabilities | 10,000 | 10,000 | |||||||||
| provisions | |||||||||||
| total long term liabilities | 1,467 | 1,000 | 10,000 | 10,000 | |||||||
| total liabilities | 5,192 | 15,697 | 38,895 | 55,516 | 53,039 | 49,994 | 52,187 | 90,275 | 42,873 | 31,682 | 21,709 |
| net assets | 7,294 | -5,286 | -22,763 | -26,833 | -27,732 | -24,168 | -22,916 | -13,606 | -19,210 | -8,252 | 3,825 |
| total shareholders funds | 7,294 | -5,286 | -22,763 | -26,833 | -27,732 | -24,168 | -22,916 | -13,606 | -19,210 | -8,252 | 3,825 |
| Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | |||||||||||
| Depreciation | 432 | 603 | 877 | 844 | 500 | 404 | 95 | ||||
| Amortisation | |||||||||||
| Tax | |||||||||||
| Stock | |||||||||||
| Debtors | 2,075 | -2,874 | -11,073 | 1,798 | 2,030 | -3,189 | -36,044 | 40,760 | 4 | 1,870 | 17,129 |
| Creditors | -10,972 | 3,409 | -15,945 | -25,806 | 13,045 | -2,193 | -48,088 | 47,402 | 11,191 | 9,973 | 21,709 |
| Accruals and Deferred Income | 467 | -26,607 | -676 | 28,283 | |||||||
| Deferred Taxes & Provisions | |||||||||||
| Cash flow from operations | |||||||||||
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | |||||||||||
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | |||||||||||
| Group/Directors Accounts | |||||||||||
| Other Short Term Loans | |||||||||||
| Long term loans | |||||||||||
| Hire Purchase and Lease Commitments | |||||||||||
| other long term liabilities | -10,000 | 10,000 | |||||||||
| share issue | |||||||||||
| interest | |||||||||||
| cash flow from financing | |||||||||||
| cash and cash equivalents | |||||||||||
| cash | -2,847 | -1,478 | 1,578 | -2,117 | 348 | -11,700 | 12,739 | 610 | -4,508 | 7,375 | |
| overdraft | |||||||||||
| change in cash | -2,847 | -1,478 | 1,578 | -2,117 | 348 | -11,700 | 12,739 | 610 | -4,508 | 7,375 |
ring 24 limited Credit Report and Business Information
Ring 24 Limited Competitor Analysis
Perform a competitor analysis for ring 24 limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other undefined companies, companies in CV5 area or any other competitors across 12 key performance metrics.
ring 24 limited Ownership
RING 24 LIMITED group structure
Ring 24 Limited has no subsidiary companies.
ring 24 limited directors
Ring 24 Limited currently has 2 directors. The longest serving directors include Mr Phillip Thomas (Dec 2017) and Mr Stuart Gibson (Dec 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Phillip Thomas | England | 46 years | Dec 2017 | - | Director |
| Mr Stuart Gibson | England | 51 years | Dec 2017 | - | Director |
P&L
July 2019turnover
113k
+2%
operating profit
15.5k
0%
gross margin
19.8%
+0.51%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2019net assets
7.3k
-2.38%
total assets
12.5k
+0.2%
cash
0
0%
net assets
Total assets minus all liabilities
ring 24 limited company details
company number
05181892
Type
Private limited with Share Capital
industry
61900 - Other telecommunications activities
incorporation date
July 2004
age
21
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
July 2019
previous names
N/A
accountant
MANAGEMENT & ACCOUNTING SOLUTIONS
auditor
-
address
unit 4 bow court, fletchworth gate industrial esta, coventry, CV5 6SP
Bank
-
Legal Advisor
-
ring 24 limited 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 ring 24 limited.
ring 24 limited 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 RING 24 LIMITED. This can take several minutes, an email will notify you when this has completed.
ring 24 limited Companies House Filings - See Documents
| date | description | view/download |
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