Pomanda estimates the enterprise value of RIDGEWAY DEVELOPMENTS (NE) LIMITED at £408.8k based on a Turnover of £1.2m and 0.33x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of RIDGEWAY DEVELOPMENTS (NE) LIMITED at £0 based on an EBITDA of £-216 and a 2.52x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of RIDGEWAY DEVELOPMENTS (NE) LIMITED at £0 based on Net Assets of £-24.5k and 1.39x industry multiple (adjusted for liquidity).
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Ridgeway Developments (ne) LimitedOverview
Ridgeway Developments (ne) Limited is a live company located in middlesbrough, TS6 6UT with a Companies House number of 05439189. It operates in the development of building projects sector, SIC Code 41100. Founded in April 2005, it's largest shareholder is
peter neal
with a 75% stake. Ridgeway Developments (ne) Limited is a mature,
small sized company, Pomanda has estimated its turnover at
£1.2m with
low
growth in recent years.
Pomanda's financial health check has awarded Ridgeway Developments (Ne) Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
Health Rating2out of 5
2 Strong
1 Regular
7 Weak
Size
annual sales of £1.2m, make it smaller than the average company (£2.3m)
£1.2m - Ridgeway Developments (ne) Limited
£2.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (6%)
2% - Ridgeway Developments (ne) Limited
6% - Industry AVG
Production
with a gross margin of 9.1%, this company has a higher cost of product (26.2%)
9.1% - Ridgeway Developments (ne) Limited
26.2% - Industry AVG
Profitability
an operating margin of 0% make it less profitable than the average company (7.5%)
0% - Ridgeway Developments (ne) Limited
7.5% - Industry AVG
Employees
with 2 employees, this is below the industry average (6)
2 - Ridgeway Developments (ne) Limited
6 - Industry AVG
Pay Structure
on an average salary of £48.3k, the company has an equivalent pay structure (£48.3k)
£48.3k - Ridgeway Developments (ne) Limited
£48.3k - Industry AVG
Efficiency
resulting in sales per employee of £618.3k, this is more efficient (£278.4k)
£618.3k - Ridgeway Developments (ne) Limited
£278.4k - Industry AVG
Debtor Days
it gets paid by customers after 76 days, this is later than average (27 days)
76 days - Ridgeway Developments (ne) Limited
27 days - Industry AVG
Creditor Days
its suppliers are paid after 92 days, this is slower than average (31 days)
92 days - Ridgeway Developments (ne) Limited
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Ridgeway Developments (ne) Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Ridgeway Developments (ne) Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 109.4%, this is a higher level of debt than the average (73.8%)
109.4% - Ridgeway Developments (ne) Limited
73.8% - Industry AVG
RIDGEWAY DEVELOPMENTS (NE) LIMITED financials
EXPORT
Ridgeway Developments (Ne) Limited's latest turnover from March 2024 is estimated at £1.2 million and the company has net assets of -£24.5 thousand. According to their latest financial statements, we estimate that Ridgeway Developments (Ne) Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
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
1,236,649
1,210,703
1,191,391
1,175,429
1,228,680
1,184,072
1,387,610
1,178,991
1,199,846
1,188,787
737,482
409,810
514,387
536,849
592,633
Other Income Or Grants
Cost Of Sales
1,124,271
1,097,134
1,087,338
1,070,672
1,103,309
1,058,893
1,236,407
1,041,360
1,067,473
1,058,811
656,678
366,201
463,225
481,492
533,514
Gross Profit
112,377
113,570
104,053
104,757
125,371
125,179
151,204
137,631
132,373
129,976
80,804
43,609
51,163
55,357
59,119
Admin Expenses
112,593
113,825
104,352
105,182
125,785
125,740
150,767
139,439
133,276
130,697
81,999
57,440
55,224
67,564
42,665
Operating Profit
-216
-255
-299
-425
-414
-561
437
-1,808
-903
-721
-1,195
-13,831
-4,061
-12,207
16,454
Interest Payable
Interest Receivable
1
2
1
81
81
Pre-Tax Profit
-216
-255
-299
-425
-414
-561
437
-1,808
-903
-720
-1,193
-13,830
-3,980
-12,126
16,454
Tax
-83
-4,607
Profit After Tax
-216
-255
-299
-425
-414
-561
354
-1,808
-903
-720
-1,193
-13,830
-3,980
-12,126
11,847
Dividends Paid
Retained Profit
-216
-255
-299
-425
-414
-561
354
-1,808
-903
-720
-1,193
-13,830
-3,980
-12,126
11,847
Employee Costs
96,552
91,893
88,906
86,544
86,842
85,011
126,503
82,728
80,048
76,432
73,369
35,687
34,927
34,005
33,720
Number Of Employees
2
2
2
2
2
2
3
2
2
2
2
1
1
1
1
EBITDA*
-216
-255
-299
-425
-414
-561
437
-1,808
-903
-721
-97
-12,539
-2,540
-10,158
18,503
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
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
1,225
1,441
1,696
1,995
2,347
2,761
3,249
3,822
4,497
5,291
6,225
7,323
8,615
8,945
9,873
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
1,225
1,441
1,696
1,995
2,347
2,761
3,249
3,822
4,497
5,291
6,225
7,323
8,615
8,945
9,873
Stock & work in progress
260,048
260,048
232,024
232,024
232,024
Trade Debtors
260,048
260,048
260,048
260,048
260,121
260,121
260,194
260,267
260,400
260,048
1,402
46,029
46,240
70,883
Group Debtors
Misc Debtors
Cash
213
435
159
32,234
158
misc current assets
total current assets
260,048
260,048
260,048
260,048
260,121
260,121
260,194
260,267
260,400
260,048
260,261
261,885
278,212
310,498
303,065
total assets
261,273
261,489
261,744
262,043
262,468
262,882
263,443
264,089
264,897
265,339
266,486
269,208
286,827
319,443
312,938
Bank overdraft
Bank loan
Trade Creditors
285,802
285,802
285,802
285,802
285,802
285,802
285,802
285,802
285,341
284,768
286,297
290,086
318,722
300,091
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities
285,802
285,802
285,802
285,802
285,802
285,802
285,802
285,802
285,341
284,768
286,297
290,086
318,722
300,091
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
285,802
provisions
total long term liabilities
285,802
total liabilities
285,802
285,802
285,802
285,802
285,802
285,802
285,802
285,802
285,802
285,341
284,768
286,297
290,086
318,722
300,091
net assets
-24,529
-24,313
-24,058
-23,759
-23,334
-22,920
-22,359
-21,713
-20,905
-20,002
-18,282
-17,089
-3,259
721
12,847
total shareholders funds
-24,529
-24,313
-24,058
-23,759
-23,334
-22,920
-22,359
-21,713
-20,905
-20,002
-18,282
-17,089
-3,259
721
12,847
Mar 2024
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
-216
-255
-299
-425
-414
-561
437
-1,808
-903
-721
-1,195
-13,831
-4,061
-12,207
16,454
Depreciation
1,098
1,292
1,521
2,049
2,049
Amortisation
Tax
-83
-4,607
Stock
-260,048
28,024
232,024
Debtors
-73
-73
-73
-133
352
260,048
-1,402
-44,627
-211
-24,643
70,883
Creditors
285,802
-285,802
461
573
-1,529
-3,789
-28,636
18,631
300,091
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations
-216
-255
-299
-352
-414
285,314
-285,375
-1,675
-794
-148
-224
275
-30,965
33,116
11,080
Investing Activities
capital expenditure
216
255
299
352
414
488
573
675
794
934
-1,191
-1,121
-11,922
Change in Investments
cash flow from investments
216
255
299
352
414
488
573
675
794
934
-1,191
-1,121
-11,922
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
-285,802
285,802
share issue
-1,000
1,000
-1,000
1,000
interest
1
2
1
81
81
cash flow from financing
-285,802
284,802
1,000
-999
2
1
81
81
1,000
cash and cash equivalents
cash
-213
-222
276
-32,075
32,076
158
overdraft
change in cash
-213
-222
276
-32,075
32,076
158
ridgeway developments (ne) limited 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 ridgeway developments (ne) limited. Get real-time insights into ridgeway developments (ne) limited's credit score, group structure and payment trends.
Perform a competitor analysis for ridgeway developments (ne) limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in TS6 area or any other competitors across 12 key performance metrics.
ridgeway developments (ne) limited Ownership
RIDGEWAY DEVELOPMENTS (NE) LIMITED group structure
Ridgeway Developments (Ne) Limited has no subsidiary companies.
Ultimate parent company
RIDGEWAY DEVELOPMENTS (NE) LIMITED
05439189
RIDGEWAY DEVELOPMENTS (NE) LIMITED Shareholders
The largest shareholders in Ridgeway Developments (Ne) Limited include Peter Neal and Bernard Tombling.
peter neal
75%
bernard tombling
25%
ridgeway developments (ne) limited directors
Ridgeway Developments (Ne) Limited currently has 1 director, Mr Peter Neal serving since Jul 2006.
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 ridgeway developments (ne) limited.
ridgeway developments (ne) 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.
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ridgeway developments (ne) limitedCompanies House Filings - See Documents
