Pomanda estimates the enterprise value of RIX PETROLEUM (EAST ANGLIA) LIMITED at £25m based on a Turnover of £36.8m and 0.68x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of RIX PETROLEUM (EAST ANGLIA) LIMITED at £0 based on an EBITDA of £-647.9k and a 6.33x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of RIX PETROLEUM (EAST ANGLIA) LIMITED at £146.7k based on Net Assets of £85.3k and 1.72x industry multiple (adjusted for liquidity).
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Rix Petroleum (east Anglia) LimitedOverview
Rix Petroleum (east Anglia) Limited is a live company located in hull, HU1 2BN with a Companies House number of 05908518. It operates in the wholesale of petroleum and petroleum products sector, SIC Code 46711. Founded in August 2006, it's largest shareholder is
j r rix & sons ltd
with a 100% stake. Rix Petroleum (east Anglia) Limited is a established,
large sized company, Pomanda has estimated its turnover at
£36.8m with
healthy
growth in recent years.
Pomanda's financial health check has awarded Rix Petroleum (East Anglia) Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 7 areas for improvement. Company Health Check FAQs
Health Rating1out of 5
0 Strong
4 Regular
7 Weak
Size
annual sales of £36.8m, make it smaller than the average company (£89.6m)
£36.8m - Rix Petroleum (east Anglia) Limited
£89.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (15.6%)
5% - Rix Petroleum (east Anglia) Limited
15.6% - Industry AVG
Production
with a gross margin of 6%, this company has a comparable cost of product (6%)
6% - Rix Petroleum (east Anglia) Limited
6% - Industry AVG
Profitability
an operating margin of -1.8% make it less profitable than the average company (1.9%)
-1.8% - Rix Petroleum (east Anglia) Limited
1.9% - Industry AVG
Employees
with 27 employees, this is similar to the industry average (26)
27 - Rix Petroleum (east Anglia) Limited
26 - Industry AVG
Pay Structure
on an average salary of £56.4k, the company has an equivalent pay structure (£56.4k)
£56.4k - Rix Petroleum (east Anglia) Limited
£56.4k - Industry AVG
Efficiency
resulting in sales per employee of £1.4m, this is less efficient (£2.6m)
£1.4m - Rix Petroleum (east Anglia) Limited
£2.6m - Industry AVG
Debtor Days
it gets paid by customers after 35 days, this is later than average (25 days)
35 days - Rix Petroleum (east Anglia) Limited
25 days - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (22 days)
1 days - Rix Petroleum (east Anglia) Limited
22 days - Industry AVG
Stock Days
it holds stock equivalent to 6 days, this is in line with average (5 days)
6 days - Rix Petroleum (east Anglia) Limited
5 days - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Rix Petroleum (east Anglia) Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 97.9%, this is a higher level of debt than the average (70.7%)
97.9% - Rix Petroleum (east Anglia) Limited
70.7% - Industry AVG
RIX PETROLEUM (EAST ANGLIA) LIMITED financials
EXPORT
Rix Petroleum (East Anglia) Limited's latest turnover from December 2023 is estimated at £36.8 million and the company has net assets of £85.3 thousand. According to their latest financial statements, Rix Petroleum (East Anglia) Limited has 27 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Turnover
36,781,028
34,791,513
22,077,160
31,777,396
41,234,091
42,785,692
35,850,196
34,493,765
34,470,861
45,637,200
54,987,664
47,432,152
38,625,187
35,008,690
30,783,025
Other Income Or Grants
Cost Of Sales
34,566,612
32,573,097
20,603,433
28,752,492
38,576,132
39,913,574
33,386,686
32,073,049
32,278,370
43,765,069
53,059,891
45,854,921
37,077,381
33,470,262
29,321,615
Gross Profit
2,214,416
2,218,417
1,473,727
3,024,904
2,657,959
2,872,118
2,463,510
2,420,716
2,192,491
1,872,131
1,927,773
1,577,231
1,547,806
1,538,428
1,461,410
Admin Expenses
2,862,308
2,380,993
1,153,491
2,264,488
2,450,546
2,428,505
2,297,058
2,231,132
1,859,312
1,780,446
1,750,390
1,540,581
1,579,894
1,321,349
1,234,263
Operating Profit
-647,892
-162,576
320,236
760,416
207,413
443,613
166,452
189,584
333,179
91,685
177,383
36,650
-32,088
217,079
227,147
Interest Payable
1,521
4,545
10,170
11,100
31,617
22,179
34,750
Interest Receivable
6,440
464
486
2,066
4,510
4,118
10,116
23,505
22,638
Pre-Tax Profit
-647,892
-162,576
320,236
758,895
213,853
439,068
166,916
179,414
322,565
62,134
159,714
6,018
-21,972
240,584
249,785
Tax
-60,845
-144,030
-40,935
-83,600
-32,277
-34,405
-64,839
-13,841
-36,058
-2,789
10,695
-65,118
-72,152
Profit After Tax
-647,892
-162,576
259,391
614,865
172,918
355,468
134,639
145,009
257,726
48,293
123,656
3,229
-11,277
175,466
177,633
Dividends Paid
220,000
300,000
170,000
100,000
50,000
100,000
150,000
190,000
250,000
Retained Profit
-647,892
-162,576
259,391
394,865
-127,082
185,468
34,639
145,009
207,726
-51,707
123,656
3,229
-161,277
-14,534
-72,367
Employee Costs
1,523,254
1,562,103
1,383,352
1,391,885
1,224,566
1,280,380
1,232,980
1,205,847
1,060,213
733,536
619,962
563,582
552,014
535,357
Number Of Employees
27
28
26
27
25
25
28
26
24
23
20
19
18
17
EBITDA*
-647,892
-162,576
320,236
760,416
207,413
443,613
166,452
189,584
333,179
91,685
177,383
36,650
-32,088
217,079
227,147
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Tangible Assets
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
Stock & work in progress
583,026
698,933
492,344
294,852
410,394
321,124
318,847
287,384
193,869
169,340
343,651
360,106
246,342
175,474
97,669
Trade Debtors
3,538,088
3,346,593
2,333,010
1,986,625
2,288,090
2,499,505
1,980,057
1,889,617
1,316,661
2,958,432
3,222,086
3,913,041
3,656,058
3,946,627
2,452,581
Group Debtors
29,015
28,923
27,221
25,275
Misc Debtors
192
19,997
22,158
22,151
9,800
Cash
3
73
27
246
87
168
184
165
141
32
127
27
misc current assets
total current assets
4,121,114
4,045,526
2,825,357
2,281,550
2,727,526
2,849,798
2,326,404
2,202,444
1,530,711
3,150,095
3,588,029
4,273,179
3,912,327
4,122,128
2,550,250
total assets
4,121,114
4,045,526
2,825,357
2,281,550
2,727,526
2,849,798
2,326,404
2,202,444
1,530,711
3,150,095
3,588,029
4,273,179
3,912,327
4,122,128
2,550,250
Bank overdraft
Bank loan
Trade Creditors
148,766
155,933
179,931
169,482
107,917
105,245
176,988
185,034
Group/Directors Accounts
3,858,422
2,981,318
1,544,539
1,317,284
2,316,112
2,269,102
1,915,167
1,820,650
1,154,370
3,036,518
3,401,397
4,244,316
3,891,713
3,872,237
2,275,825
other short term finances
hp & lease commitments
other current liabilities
28,586
175,043
205,079
158,367
61,945
106,817
51,083
48,233
72,823
17,785
39,133
5,020
68,000
78,000
total current liabilities
4,035,774
3,312,294
1,929,549
1,645,133
2,485,974
2,481,164
2,143,238
2,053,917
1,227,193
3,054,303
3,440,530
4,249,336
3,891,713
3,940,237
2,353,825
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
4,035,774
3,312,294
1,929,549
1,645,133
2,485,974
2,481,164
2,143,238
2,053,917
1,227,193
3,054,303
3,440,530
4,249,336
3,891,713
3,940,237
2,353,825
net assets
85,340
733,232
895,808
636,417
241,552
368,634
183,166
148,527
303,518
95,792
147,499
23,843
20,614
181,891
196,425
total shareholders funds
85,340
733,232
895,808
636,417
241,552
368,634
183,166
148,527
303,518
95,792
147,499
23,843
20,614
181,891
196,425
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Operating Activities
Operating Profit
-647,892
-162,576
320,236
760,416
207,413
443,613
166,452
189,584
333,179
91,685
177,383
36,650
-32,088
217,079
227,147
Depreciation
Amortisation
Tax
-60,845
-144,030
-40,935
-83,600
-32,277
-34,405
-64,839
-13,841
-36,058
-2,789
10,695
-65,118
-72,152
Stock
-115,907
206,589
197,492
-115,542
89,270
2,277
31,463
93,515
24,529
-174,311
-16,455
113,764
70,868
77,805
97,669
Debtors
191,495
1,013,583
346,385
-330,480
-211,323
520,958
92,578
578,234
-1,643,932
-263,647
-668,804
247,183
-280,769
1,494,046
2,452,581
Creditors
-7,167
-23,998
10,449
61,565
2,672
-71,743
-8,046
185,034
Accruals and Deferred Income
-146,457
-30,036
46,712
96,422
-44,872
55,734
2,850
-24,590
55,038
-21,348
34,113
5,020
-68,000
-10,000
78,000
Deferred Taxes & Provisions
Cash flow from operations
-877,104
-1,436,782
-227,325
1,220,395
246,331
-179,231
4,938
-356,126
1,942,781
494,454
860,697
-322,066
120,508
-1,429,890
-2,317,255
Investing Activities
capital expenditure
Change in Investments
cash flow from investments
Financing Activities
Bank loans
Group/Directors Accounts
877,104
1,436,779
227,255
-998,828
47,010
353,935
94,517
666,280
-1,882,148
-364,879
-842,919
352,603
19,476
1,596,412
2,275,825
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
-300,000
268,792
interest
-1,521
6,440
-4,545
464
-10,170
-10,614
-29,551
-17,669
-30,632
10,116
23,505
22,638
cash flow from financing
877,104
1,436,779
227,255
-1,000,349
53,450
349,390
94,981
356,110
-1,892,762
-394,430
-860,588
321,971
29,592
1,619,917
2,567,255
cash and cash equivalents
cash
-3
-70
46
-219
159
-81
-16
19
24
109
-95
100
27
overdraft
change in cash
-3
-70
46
-219
159
-81
-16
19
24
109
-95
100
27
rix petroleum (east anglia) 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 rix petroleum (east anglia) limited. Get real-time insights into rix petroleum (east anglia) limited's credit score, group structure and payment trends.
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rix petroleum (east anglia) limited Ownership
RIX PETROLEUM (EAST ANGLIA) LIMITED group structure
Rix Petroleum (East Anglia) Limited has no subsidiary companies.
The sole shareholder of Rix Petroleum (East Anglia) Limited is J R Rix & Sons Ltd.
j r rix & sons ltd
100%
rix petroleum (east anglia) limited directors
Rix Petroleum (East Anglia) Limited currently has 10 directors.
The longest serving directors include
Mr Timothy Rix (Aug 2006) and
Mr Rory Clarke (Jan 2007).
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 8 charges/mortgages relating to rix petroleum (east anglia) limited. Currently there are 8 open charges and 0 have been satisfied in the past.
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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rix petroleum (east anglia) limitedCompanies House Filings - See Documents
