Right Mix Concrete Limited

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right mix concrete limited Company Information

Company Number

05979783

Next Accounts

2 days late

Directors

Anthony Flowers

Charlotte Latter

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Shareholders

apple construction & building contractors ltd

Group Structure

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Industry

Other manufacturing n.e.c.

Registered Address

unit 6, coleford road, sheffield, sth yorkshire, S9 5PH

Website

www.right-mix.co.uk

right mix concrete limited Estimated Valuation

£12.9m

Pomanda estimates the enterprise value of RIGHT MIX CONCRETE LIMITED at £12.9m based on a Turnover of £15.5m and 0.83x industry multiple (adjusted for size and gross margin).

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Right Mix Concrete Limited is a live company located in sheffield, S9 5PH with a Companies House number of 05979783. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in October 2006, it's largest shareholder is apple construction & building contractors ltd with a 100% stake. Right Mix Concrete Limited is a established, mid sized company, Pomanda has estimated its turnover at £15.5m with rapid growth in recent years.

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Pomanda's financial health check has awarded Right Mix Concrete Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

2 Regular

4 Weak

Size

annual sales of £15.5m, make it in line with the average company (£13.2m)

Growth

3 year (CAGR) sales growth of 31%, show it is growing at a faster rate (4.6%)

EXPORT

Right Mix Concrete Limited's latest turnover from May 2023 is £15.5 million and the company has net assets of £1.5 million. According to their latest financial statements, Right Mix Concrete Limited has 51 employees and maintains cash reserves of £215.2 thousand 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	Mar 2012	Mar 2011	Mar 2010
Turnover	15,473,079	12,437,092	11,162,679	6,933,434	6,617,822	6,192,306	6,322,901	5,438,450	7,894,505	6,531,132	5,244,140	4,968,012	4,987,515	4,002,101
Other Income Or Grants
Cost Of Sales	11,989,242	9,496,774	8,685,871	4,888,680	4,598,024	4,300,756	4,261,227	3,669,646	5,397,385	4,426,105	3,563,480	3,351,953	3,361,781	2,686,868
Gross Profit	3,483,837	2,940,318	2,476,808	2,044,754	2,019,797	1,891,550	2,061,673	1,768,804	2,497,121	2,105,027	1,680,660	1,616,058	1,625,734	1,315,233
Admin Expenses	2,043,608	1,762,913	2,011,329	2,004,639	1,796,648	1,715,889	1,979,657	1,740,761	2,294,494	1,681,382	1,707,113	1,578,884	1,551,783	1,354,477
Operating Profit	1,440,229	1,177,405	465,479	40,115	223,149	175,661	82,016	28,043	202,627	423,645	-26,453	37,174	73,951	-39,244
Interest Payable	75,351	50,310	32,441	26,368	27,575	26,695	11,762
Interest Receivable				88	637	404	241	327	214	317	147	201	161	2
Pre-Tax Profit	1,364,878	1,127,095	433,038	13,835	196,211	149,370	70,495	28,370	202,841	423,962	-26,306	37,374	74,111	-39,242
Tax	-253,170	-331,248	-116,100	-2,629	-37,280	-28,380	-13,394	-5,674	-40,568	-89,032		-9,717	-20,751
Profit After Tax	1,111,708	795,847	316,938	11,206	158,931	120,990	57,101	22,696	162,273	334,930	-26,306	27,657	53,360	-39,242
Dividends Paid			462,321
Retained Profit	1,111,708	795,847	-145,383	11,206	158,931	120,990	57,101	22,696	162,273	334,930	-26,306	27,657	53,360	-39,242
Employee Costs	749,785	639,947	651,655	1,873,484	1,774,287	1,376,506	1,359,242	1,132,066	1,795,324	1,515,499	1,246,753	1,193,185	1,219,042	1,005,785
Number Of Employees	51	48	49	51	49	39	40	34	55	48	40	38	40	34
EBITDA*	2,032,110	1,720,789	1,025,759	562,872	664,933	599,343	472,164	359,581	446,062	519,077	105,448	141,537	152,778	39,890

* 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	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	3,096,970	2,640,588	2,298,539	2,363,125	2,142,327	1,966,027	1,891,434	1,699,506	1,494,849	832,493	479,890	405,647	292,520	299,994
Intangible Assets	660	6,144	15,528	31,992	28,152	35,400	42,480
Investments & Other				544,613	261,885	218,502
Debtors (Due After 1 year)
Total Fixed Assets	3,097,630	2,646,732	2,314,067	2,939,730	2,432,364	2,219,929	1,933,914	1,699,506	1,494,849	832,493	479,890	405,647	292,520	299,994
Stock & work in progress	689,452	410,760	54,320	31,251	70,649	25,953	32,203	34,892	35,683	48,444	52,244	52,394	52,394	22,468
Trade Debtors	2,803,334	2,196,746	1,727,454	1,420,765	1,467,167	1,444,745	1,578,634	1,315,614	1,701,126	1,413,099	1,042,231	1,046,049	1,068,606	841,013
Group Debtors	344,014	344,714	154,014	154,014	166,116	164,999	4,014
Misc Debtors	240,486	216,972	209,786	209,540	60,275	155,169	145,009	19,579
Cash	215,164	1,621,513	1,859,826	105,401	70,741	99,154	62,419	130,418	457	85,047	41,919	16,737	63,475	748
misc current assets
total current assets	4,292,450	4,790,705	4,005,400	1,920,971	1,834,948	1,890,020	1,822,279	1,500,503	1,737,266	1,546,590	1,136,394	1,115,180	1,184,475	864,229
total assets	7,390,080	7,437,437	6,319,467	4,860,701	4,267,312	4,109,949	3,756,193	3,200,009	3,232,115	2,379,083	1,616,284	1,520,827	1,476,995	1,164,223
Bank overdraft
Bank loan	50,000	50,000	50,000
Trade Creditors	2,413,120	1,929,472	1,795,941	1,344,721	1,295,022	1,387,044	1,343,466	1,075,867	1,836,611	1,556,375	1,369,099	1,267,533	1,273,163	945,348
Group/Directors Accounts								100,000
other short term finances	436,318	1,664,237	1,266,593	229,482	349,356	325,502	256,903
hp & lease commitments	573,891	617,212	519,555	439,073	387,629	392,120	375,878	292,657
other current liabilities	630,857	405,261	312,388	361,486	245,044	311,590	219,459	286,160
total current liabilities	4,104,186	4,666,182	3,944,477	2,374,762	2,277,051	2,416,256	2,195,706	1,754,684	1,836,611	1,556,375	1,369,099	1,267,533	1,273,163	945,348
loans	100,000	150,000	200,000	262,999	22,691	119,487	119,487
hp & lease commitments	910,185	1,005,820	1,035,321	967,095	822,541	662,123	627,530	549,538	590,198
Accruals and Deferred Income
other liabilities	2,508	2,858						127,815	104,244	370,869	190,860	170,664	188,715	257,118
provisions	742,278	649,652	400,456	371,249	271,639	197,624	220,001	231,604	187,390	100,440	39,856	39,856
total long term liabilities	1,754,971	1,808,330	1,635,777	1,601,343	1,116,871	979,234	967,018	908,957	881,832	471,309	230,716	210,520	188,715	257,118
total liabilities	5,859,157	6,474,512	5,580,254	3,976,105	3,393,922	3,395,490	3,162,724	2,663,641	2,718,443	2,027,684	1,599,815	1,478,053	1,461,878	1,202,466
net assets	1,530,923	962,925	739,213	884,596	873,390	714,459	593,469	536,368	513,672	351,399	16,469	42,774	15,117	-38,243
total shareholders funds	1,530,923	962,925	739,213	884,596	873,390	714,459	593,469	536,368	513,672	351,399	16,469	42,774	15,117	-38,243

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	1,440,229	1,177,405	465,479	40,115	223,149	175,661	82,016	28,043	202,627	423,645	-26,453	37,174	73,951	-39,244
Depreciation	586,397	534,000	543,816	506,952	430,803	416,602	390,148	331,538	243,435	95,432	131,901	104,363	78,827	79,134
Amortisation	5,484	9,384	16,464	15,805	10,981	7,080
Tax	-253,170	-331,248	-116,100	-2,629	-37,280	-28,380	-13,394	-5,674	-40,568	-89,032		-9,717	-20,751
Stock	278,692	356,440	23,069	-39,398	44,696	-6,250	-2,689	-791	-12,761	-3,800	-150		29,926	22,468
Debtors	629,402	667,178	306,935	90,761	-71,355	37,256	392,464	-365,933	288,027	370,868	-3,818	-22,557	227,593	841,013
Creditors	483,648	133,531	451,220	49,699	-92,022	43,578	267,599	-760,744	280,236	187,276	101,566	-5,630	327,815	945,348
Accruals and Deferred Income	225,596	92,873	-49,098	116,442	-66,546	92,131	-66,701	286,160
Deferred Taxes & Provisions	92,626	249,196	29,207	99,610	74,015	-22,377	-11,603	44,214	86,950	60,584		39,856
Cash flow from operations	1,672,716	841,523	1,010,984	774,631	569,759	653,289	258,290	290,261	497,414	310,837	210,982	188,603	202,323	121,757
Investing Activities
capital expenditure	-1,042,779	-876,049		-747,395	-610,836	-491,195	-624,556	-536,195	-905,791	-448,035	-206,144	-217,490	-71,353	-379,128
Change in Investments			-544,613	282,728	43,383	218,502
cash flow from investments	-1,042,779	-876,049	544,613	-1,030,123	-654,219	-709,697	-624,556	-536,195	-905,791	-448,035	-206,144	-217,490	-71,353	-379,128
Financing Activities
Bank loans			50,000
Group/Directors Accounts							-100,000	100,000
Other Short Term Loans	-1,227,919	397,644	1,037,111	-119,874	23,854	68,599	256,903
Long term loans	-50,000	-50,000	-62,999	240,308	-96,796		119,487
Hire Purchase and Lease Commitments	-138,956	68,156	148,708	195,998	155,927	50,835	161,213	251,997	590,198
other long term liabilities	-350	2,858					-127,815	23,571	-266,625	180,009	20,196	-18,051	-68,403	257,118
share issue	-543,710	-572,135									1			999
interest	-75,351	-50,310	-32,441	-26,280	-26,938	-26,291	-11,521	327	214	317	147	201	161	2
cash flow from financing	-2,036,286	-203,787	1,140,379	290,152	56,047	93,143	298,267	375,895	323,787	180,326	20,344	-17,850	-68,242	258,119
cash and cash equivalents
cash	-1,406,349	-238,313	1,754,425	34,660	-28,413	36,735	-67,999	129,961	-84,590	43,128	25,182	-46,738	62,727	748
overdraft
change in cash	-1,406,349	-238,313	1,754,425	34,660	-28,413	36,735	-67,999	129,961	-84,590	43,128	25,182	-46,738	62,727	748

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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RIGHT MIX CONCRETE LIMITED group structure

Right Mix Concrete Limited has no subsidiary companies.

Ultimate parent company

APPLE CONSTRUCTION & BUILDING CONTRACTORS LTD

09453596

1 parent

RIGHT MIX CONCRETE LIMITED

05979783

RIGHT MIX CONCRETE LIMITED Shareholders

apple construction & building contractors ltd

100%

Right Mix Concrete Limited currently has 6 directors. The longest serving directors include Mr Anthony Flowers (Nov 2006) and Mrs Charlotte Latter (Jun 2014).

officer	country	age	start	end	role
Mr Anthony Flowers	United Kingdom	83 years	Nov 2006	-	Director
Mrs Charlotte Latter	United Kingdom	48 years	Jun 2014	-	Director
Mr Matthew Latter	United Kingdom	47 years	Jun 2014	-	Director
Mr Richard Latter	United Kingdom	78 years	Oct 2014	-	Director
Mrs Rosemary Latter	United Kingdom	75 years	Oct 2014	-	Director
Mrs Julie Flowers	United Kingdom	81 years	Oct 2014	-	Director

P&L

May 2023

turnover

15.5m

+24%

operating profit

1.4m

+22%

gross margin

22.6%

-4.76%

turnover

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

Balance Sheet

May 2023

net assets

1.5m

+0.59%

total assets

7.4m

-0.01%

cash

215.2k

-0.87%

net assets

Total assets minus all liabilities

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company number

05979783

Type

Private limited with Share Capital

industry

32990 - Other manufacturing n.e.c.

incorporation date

October 2006

ultimate parent company

APPLE CONSTRUCTION & BUILDING CONTRACTORS LTD

previous names

wakeco (321) limited (November 2006)

address

unit 6, coleford road, sheffield, sth yorkshire, S9 5PH

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 5 charges/mortgages relating to right mix concrete limited. Currently there are 2 open charges and 3 have been satisfied in the past.

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right mix concrete limited Company Information

right mix concrete limited Estimated Valuation

right mix concrete limited Estimated Valuation

right mix concrete limited Estimated Valuation

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