Riak Properties Limited

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riak properties limited Company Information

Live

EstablishedMicroDeclining

Company Number

05807648

Website

Registered Address

186 telegraph place, london, E14 9XE

Industry

Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

Telephone

Next Accounts Due

February 2025

Group Structure

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Directors

Richard Ng18 Years

Steven Weston18 Years

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Shareholders

jennifer ng 33.3%

richard luk fook ng 33.3%

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riak properties limited Estimated Valuation

£491.6k

Pomanda estimates the enterprise value of RIAK PROPERTIES LIMITED at £491.6k based on a Turnover of £222.7k and 2.21x industry multiple (adjusted for size and gross margin).

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Riak Properties Limited is a live company located in london, E14 9XE with a Companies House number of 05807648. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in May 2006, it's largest shareholder is jennifer ng with a 33.3% stake. Riak Properties Limited is a established, micro sized company, Pomanda has estimated its turnover at £222.7k with declining growth in recent years.

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Pomanda's financial health check has awarded Riak Properties Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

1 Strong

1 Regular

8 Weak

Size

annual sales of £222.7k, make it smaller than the average company (£828.4k)

Growth

3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (2.2%)

EXPORT

Riak Properties Limited's latest turnover from May 2023 is estimated at £222.7 thousand and the company has net assets of £12.8 thousand. According to their latest financial statements, Riak Properties Limited has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	222,716	204,581	199,352	246,868	230,701	189,957	165,511	113,341	156,648	168,724	151,305	145,643	54,818	48,821
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	155,960	148,102	143,867	172,167	162,419	130,894	111,370	77,125	112,809	122,504	111,982	106,080	39,942	33,838
Gross Profit	66,757	56,479	55,485	74,701	68,283	59,063	54,141	36,216	43,839	46,221	39,323	39,563	14,875	14,983
Admin Expenses	63,226	58,604	65,500	68,333	61,981	54,412	55,257	30,661	39,799	43,357	31,859	30,950	13,448	29,417
Operating Profit	3,531	-2,125	-10,015	6,368	6,302	4,651	-1,116	5,555	4,040	2,864	7,464	8,613	1,427	-14,434
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	40	143	107	82	80	76	62	30
Pre-Tax Profit	3,531	-2,125	-10,015	6,368	6,302	4,651	-1,076	5,698	4,148	2,946	7,544	8,689	1,489	-14,404
Tax	-883	0	0	-1,210	-1,197	-884	0	-1,139	-829	-619	-1,735	-2,085	-387	0
Profit After Tax	2,648	-2,125	-10,015	5,158	5,105	3,767	-1,076	4,558	3,318	2,327	5,809	6,604	1,102	-14,404
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	2,648	-2,125	-10,015	5,158	5,105	3,767	-1,076	4,558	3,318	2,327	5,809	6,604	1,102	-14,404
Employee Costs	93,450	89,723	82,507	83,499	82,886	79,647	77,038	26,002	26,113	25,000	24,000	23,979	23,333	24,226
Number Of Employees	3	3	3	3	3	3	3	1	1	1	1	1	1	1
EBITDA*	3,531	-2,125	-10,015	6,368	6,302	4,651	-1,116	8,373	6,858	5,682	10,495	11,643	4,463	-11,398

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	236,973	239,791	242,609	245,427	248,245	251,063	253,881	256,699	259,517	262,335	265,153	268,184	271,832	274,868
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	236,973	239,791	242,609	245,427	248,245	251,063	253,881	256,699	259,517	262,335	265,153	268,184	271,832	274,868
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	54,805	49,287	48,336	57,307	48,909	40,577	32,704	0	0	0	0	0	1,493	1,493
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	32,390	24,691	18,217	14,459	17,698	12,878	11,986
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	54,805	49,287	48,336	57,307	48,909	40,577	32,704	32,390	24,691	18,217	14,459	17,698	14,371	13,479
total assets	291,778	289,078	290,945	302,734	297,154	291,640	286,585	289,089	284,208	280,552	279,612	285,882	286,203	288,347
Bank overdraft	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
Trade Creditors	130,316	130,085	129,828	131,686	131,174	130,861	129,633	131,292	130,969	130,631	132,018	144,097	151,022	154,268
Group/Directors Accounts	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
hp & lease commitments	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
total current liabilities	130,316	130,085	129,828	131,686	131,174	130,861	129,633	131,292	130,969	130,631	132,018	144,097	151,022	154,268
loans	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
Accruals and Deferred Income	480	481	480	396	486	390	330	0	0	0	0	0	0	0
other liabilities	148,206	148,384	148,384	148,384	148,384	148,384	148,384	148,384	148,384	148,384	148,384	148,384	148,384	148,384
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	148,686	148,865	148,864	148,780	148,870	148,774	148,714	148,384	148,384	148,384	148,384	148,384	148,384	148,384
total liabilities	279,002	278,950	278,692	280,466	280,044	279,635	278,347	279,676	279,353	279,015	280,402	292,481	299,406	302,652
net assets	12,776	10,128	12,253	22,268	17,110	12,005	8,238	9,413	4,855	1,537	-790	-6,599	-13,203	-14,305
total shareholders funds	12,776	10,128	12,253	22,268	17,110	12,005	8,238	9,413	4,855	1,537	-790	-6,599	-13,203	-14,305

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	3,531	-2,125	-10,015	6,368	6,302	4,651	-1,116	5,555	4,040	2,864	7,464	8,613	1,427	-14,434
Depreciation	0	0	0	0	0	0	0	2,818	2,818	2,818	3,031	3,030	3,036	3,036
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-883	0	0	-1,210	-1,197	-884	0	-1,139	-829	-619	-1,735	-2,085	-387	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	5,518	951	-8,971	8,398	8,332	7,873	32,704	0	0	0	0	-1,493	0	1,493
Creditors	231	257	-1,858	512	313	1,228	-1,659	323	338	-1,387	-12,079	-6,925	-3,246	154,268
Accruals and Deferred Income	-1	1	84	-90	96	60	330	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-2,640	-2,818	-2,818	-2,818	-2,818	-2,818	-35,149	7,557	6,367	3,676	-3,319	4,126	830	141,377
Investing Activities
capital expenditure	2,818	2,818	2,818	2,818	2,818	2,818	2,818	0	0	0	0	618	0	-277,904
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	2,818	2,818	2,818	2,818	2,818	2,818	2,818	0	0	0	0	618	0	-277,904
Financing Activities
Bank loans	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
Other Short Term Loans	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
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-178	0	0	0	0	0	0	0	0	0	0	0	0	148,384
share issue	0	0	0	0	0	0	-99	0	0	0	0	0	0	99
interest	0	0	0	0	0	0	40	143	107	82	80	76	62	30
cash flow from financing	-178	0	0	0	0	0	-59	143	107	82	80	76	62	148,513
cash and cash equivalents
cash	0	0	0	0	0	0	-32,390	7,699	6,474	3,758	-3,239	4,820	892	11,986
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-32,390	7,699	6,474	3,758	-3,239	4,820	892	11,986

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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RIAK PROPERTIES LIMITED group structure

Riak Properties Limited has no subsidiary companies.

Ultimate parent company

RIAK PROPERTIES LIMITED

05807648

RIAK PROPERTIES LIMITED Shareholders

jennifer ng	33.33%
richard luk fook ng	33.33%
steven weston	33.33%

Riak Properties Limited currently has 3 directors. The longest serving directors include Mr Richard Ng (May 2006) and Mr Steven Weston (May 2006).

officer	country	age	start	end	role
Mr Richard Ng	England	54 years	May 2006	-	Director
Mr Steven Weston	United Kingdom	55 years	May 2006	-	Director
Mrs Jennifer Ng	England	53 years	Jul 2010	-	Director

P&L

May 2023

turnover

222.7k

+9%

operating profit

3.5k

gross margin

30%

+8.57%

turnover

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

Balance Sheet

May 2023

net assets

12.8k

+0.26%

total assets

291.8k

+0.01%

cash

net assets

Total assets minus all liabilities

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company number

05807648

Type

Private limited with Share Capital

industry

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

incorporation date

May 2006

ultimate parent company

None

previous names

N/A

address

186 telegraph place, london, E14 9XE

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 1 charges/mortgages relating to riak properties limited. Currently there are 1 open charges and 0 have been satisfied in the past.

riak properties limited Company Information

riak properties limited Estimated Valuation

riak properties limited Estimated Valuation

riak properties limited Estimated Valuation

Riak Properties Limited Overview

Riak Properties Limited Health Check

RIAK PROPERTIES LIMITED financials

riak properties limited Credit Report and Business Information

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riak properties limited Ownership

riak properties limited directors

riak properties limited company details

riak properties limited Charges & Mortgages

riak properties limited Companies House Filings - See Documents