Richecopains Distribution Limited

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richecopains distribution limited Company Information

Company Number

05466556

Next Accounts

May 2025

Directors

Menachem Klyne

Shareholders

platinum bay properties limited

zalman klyne

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Group Structure

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Industry

Other business support service activities n.e.c.

Registered Address

reedham house, 31 king street, west, manchester, lancashire, M3 2PJ

Website

richecopains distribution limited Estimated Valuation

£2.7m

Pomanda estimates the enterprise value of RICHECOPAINS DISTRIBUTION LIMITED at £2.7m based on a Turnover of £4.4m and 0.61x industry multiple (adjusted for size and gross margin).

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Richecopains Distribution Limited is a live company located in lancashire, M3 2PJ with a Companies House number of 05466556. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in May 2005, it's largest shareholder is platinum bay properties limited with a 50% stake. Richecopains Distribution Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.4m with healthy growth in recent years.

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Pomanda's financial health check has awarded Richecopains Distribution Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

3 Regular

6 Weak

Size

annual sales of £4.4m, make it in line with the average company (£3.8m)

Growth

3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (5.1%)

EXPORT

Richecopains Distribution Limited's latest turnover from August 2023 is estimated at £4.4 million and the company has net assets of £1.1 million. According to their latest financial statements, Richecopains Distribution Limited has 15 employees and maintains cash reserves of £25.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	4,407,948	5,044,266	3,697,469	3,043,728	3,400,464	4,033,245	2,583,368	2,997,571	5,226,942	4,545,161	3,869,322	3,720,098	2,543,235	2,492,153
Other Income Or Grants
Cost Of Sales	2,735,467	3,121,237	2,340,267	1,890,344	2,126,333	2,519,170	1,597,532	1,856,663	3,301,910	2,910,451	2,475,934	2,325,061	1,551,073	1,486,308
Gross Profit	1,672,480	1,923,029	1,357,202	1,153,384	1,274,131	1,514,076	985,835	1,140,908	1,925,031	1,634,709	1,393,389	1,395,037	992,162	1,005,846
Admin Expenses	1,654,930	1,981,142	1,052,517	1,033,905	1,172,159	1,394,888	858,672	846,500	1,845,070	1,720,233	1,418,669	1,328,788	936,672	942,037	-384,804
Operating Profit	17,550	-58,113	304,685	119,479	101,972	119,188	127,163	294,408	79,961	-85,524	-25,280	66,249	55,490	63,809	384,804
Interest Payable	17,051	23,070	9,820	6,694	15,510	16,716	16,445	8,470
Interest Receivable	2,005	887	72	75	407	399	84	33	144	127	32	18	34	35	6
Pre-Tax Profit	2,504	-80,295	294,937	112,860	86,868	102,872	110,802	285,971	80,105	-85,397	-25,248	66,267	55,524	63,844	384,810
Tax	-626		-56,038	-21,443	-16,505	-19,546	-21,052	-57,194	-16,021			-15,904	-14,436	-17,876	-107,747
Profit After Tax	1,878	-80,295	238,899	91,417	70,363	83,326	89,750	228,777	64,084	-85,397	-25,248	50,363	41,088	45,968	277,063
Dividends Paid
Retained Profit	1,878	-80,295	238,899	91,417	70,363	83,326	89,750	228,777	64,084	-85,397	-25,248	50,363	41,088	45,968	277,063
Employee Costs	723,214	731,195	1,071,800	707,818	661,516	744,322	607,698	876,783	1,433,029	1,279,014	1,067,761	1,066,759	719,583	706,090
Number Of Employees	15	16	25	17	16	19	16	23	38	34	29	29	20	20
EBITDA*	45,453	-35,782	319,728	136,430	128,274	123,737	152,679	323,013	100,337	-67,554	-10,868	83,148	82,513	84,359	399,280

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	106,169	99,121	69,687	56,029	49,716	69,286	93,715	93,522	107,958	58,019	56,879	53,646	37,368	40,767	31,340
Intangible Assets												1,765	5,294	7,418	13,959
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	106,169	99,121	69,687	56,029	49,716	69,286	93,715	93,522	107,958	58,019	56,879	55,411	42,662	48,185	45,299
Stock & work in progress	1,113,171	1,484,054	1,599,970	867,311	1,175,855	1,562,700	1,100,674	783,360	611,272	610,262	523,441	460,236	570,607	620,000	595,700
Trade Debtors	850,912	945,999	504,887	424,230	534,887	649,674	391,575	480,665	540,472	419,248	415,718	449,117	235,892	205,502	229,135
Group Debtors	166,568	231,523	48,051	29,597	61,908	66,964	5,508	347
Misc Debtors	31,297	76,453	60,413	99,615	103,101	124,863	156,885	79,698
Cash	25,757	50,638	50,770	93,653	57,138	51,296	55,221	12,265	14,282	43,390	7,232	5,406	1,876	11,767	2,348
misc current assets
total current assets	2,187,705	2,788,667	2,264,091	1,514,406	1,932,889	2,455,497	1,709,863	1,356,335	1,166,026	1,072,900	946,391	914,759	808,375	837,269	827,183
total assets	2,293,874	2,887,788	2,333,778	1,570,435	1,982,605	2,524,783	1,803,578	1,449,857	1,273,984	1,130,919	1,003,270	970,170	851,037	885,454	872,482
Bank overdraft	29,761	273,373	321,969		219,477	240,088	255,203	271,039
Bank loan
Trade Creditors	207,276	392,831	204,029	232,815	218,097	211,921	105,614	56,011	884,235	822,078	607,371	550,726	482,864	558,380	590,638
Group/Directors Accounts	293,209	789,267	10,673	169,286	248,846	692,717	227,256	140,378
other short term finances
hp & lease commitments	15,300	14,399	21,599	9,532	15,598	10,399	8,349	8,100
other current liabilities	637,296	325,614	602,985	225,102	437,969	580,126	497,617	365,611
total current liabilities	1,182,842	1,795,484	1,161,255	636,735	1,139,987	1,735,251	1,094,039	841,139	884,235	822,078	607,371	550,726	482,864	558,380	590,638
loans
hp & lease commitments	14,850					15,598	14,611	1,350
Accruals and Deferred Income
other liabilities									9,450	4,904	6,565	4,862	3,954	3,943	4,681
provisions	4,046	2,046	1,970	2,046	2,381	4,060	8,380	10,570	12,278
total long term liabilities	18,896	2,046	1,970	2,046	2,381	19,658	22,991	11,920	21,728	4,904	6,565	4,862	3,954	3,943	4,681
total liabilities	1,201,738	1,797,530	1,163,225	638,781	1,142,368	1,754,909	1,117,030	853,059	905,963	826,982	613,936	555,588	486,818	562,323	595,319
net assets	1,092,136	1,090,258	1,170,553	931,654	840,237	769,874	686,548	596,798	368,021	303,937	389,334	414,582	364,219	323,131	277,163
total shareholders funds	1,092,136	1,090,258	1,170,553	931,654	840,237	769,874	686,548	596,798	368,021	303,937	389,334	414,582	364,219	323,131	277,163

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	17,550	-58,113	304,685	119,479	101,972	119,188	127,163	294,408	79,961	-85,524	-25,280	66,249	55,490	63,809	384,804
Depreciation	27,903	22,331	15,043	16,951	26,302	4,549	25,516	28,605	20,376	17,970	12,647	13,370	9,899	9,009	5,935
Amortisation											1,765	3,529	17,124	11,541	8,541
Tax	-626		-56,038	-21,443	-16,505	-19,546	-21,052	-57,194	-16,021			-15,904	-14,436	-17,876	-107,747
Stock	-370,883	-115,916	732,659	-308,544	-386,845	462,026	317,314	172,088	1,010	86,821	63,205	-110,371	-49,393	24,300	595,700
Debtors	-205,198	640,624	59,909	-146,454	-141,605	287,533	-6,742	20,238	121,224	3,530	-33,399	213,225	30,390	-23,633	229,135
Creditors	-185,555	188,802	-28,786	14,718	6,176	106,307	49,603	-828,224	62,157	214,707	56,645	67,862	-75,516	-32,258	590,638
Accruals and Deferred Income	311,682	-277,371	377,883	-212,867	-142,157	82,509	132,006	365,611
Deferred Taxes & Provisions	2,000	76	-76	-335	-1,679	-4,320	-2,190	-1,708	12,278
Cash flow from operations	749,035	-648,983	-179,857	371,501	502,559	-460,872	474	-390,828	36,517	56,802	15,971	32,252	11,564	33,558	57,336
Investing Activities
capital expenditure	-34,951	-51,765	-28,701	-23,264	-6,732	19,880	-25,709	-14,169	-70,315	-19,110	-15,880	-29,648	-21,500	-23,436	-59,775
Change in Investments
cash flow from investments	-34,951	-51,765	-28,701	-23,264	-6,732	19,880	-25,709	-14,169	-70,315	-19,110	-15,880	-29,648	-21,500	-23,436	-59,775
Financing Activities
Bank loans
Group/Directors Accounts	-496,058	778,594	-158,613	-79,560	-443,871	465,461	86,878	140,378
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments	15,751	-7,200	12,067	-6,066	-10,399	3,037	13,510	9,450
other long term liabilities								-9,450	4,546	-1,661	1,703	908	11	-738	4,681
share issue															100
interest	-15,046	-22,183	-9,748	-6,619	-15,103	-16,317	-16,361	-8,437	144	127	32	18	34	35	6
cash flow from financing	-495,353	749,211	-156,294	-92,245	-469,373	452,181	84,027	131,941	4,690	-1,534	1,735	926	45	-703	4,787
cash and cash equivalents
cash	-24,881	-132	-42,883	36,515	5,842	-3,925	42,956	-2,017	-29,108	36,158	1,826	3,530	-9,891	9,419	2,348
overdraft	-243,612	-48,596	321,969	-219,477	-20,611	-15,115	-15,836	271,039
change in cash	218,731	48,464	-364,852	255,992	26,453	11,190	58,792	-273,056	-29,108	36,158	1,826	3,530	-9,891	9,419	2,348

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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RICHECOPAINS DISTRIBUTION LIMITED group structure

Richecopains Distribution Limited has no subsidiary companies.

Ultimate parent company

RICHECOPAINS DISTRIBUTION LIMITED

05466556

RICHECOPAINS DISTRIBUTION LIMITED Shareholders

platinum bay properties limited	50%
zalman klyne	25%
risa klyne	25%

Richecopains Distribution Limited currently has 1 director, Mr Menachem Klyne serving since Oct 2017.

officer	country	age	start	end	role
Mr Menachem Klyne	England	39 years	Oct 2017	-	Director

P&L

August 2023

turnover

4.4m

-13%

operating profit

17.5k

gross margin

38%

-0.47%

turnover

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

Balance Sheet

August 2023

net assets

1.1m

total assets

2.3m

-0.21%

cash

25.8k

-0.49%

net assets

Total assets minus all liabilities

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company number

05466556

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

May 2005

ultimate parent company

None

previous names

N/A

address

reedham house, 31 king street, west, manchester, lancashire, M3 2PJ

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 2 charges/mortgages relating to richecopains distribution limited. Currently there are 2 open charges and 0 have been satisfied in the past.

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richecopains distribution limited Company Information

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richecopains distribution limited Estimated Valuation

richecopains distribution limited Estimated Valuation

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