red rickshaw limited
red rickshaw limited Company Information
Company Number
06308549
Next Accounts
922 days late
Shareholders
jyoti patel
chai patel
View AllGroup Structure
View All
Industry
Retail sale via mail order houses or via Internet
Registered Address
pkf gm 15 westferry circus, canary wharf, london, E14 4HD
Website
www.redrickshaw.comred rickshaw limited Estimated Valuation
Pomanda estimates the enterprise value of RED RICKSHAW LIMITED at £428.8k based on a Turnover of £1.4m and 0.31x industry multiple (adjusted for size and gross margin).
red rickshaw limited Estimated Valuation
Pomanda estimates the enterprise value of RED RICKSHAW LIMITED at £0 based on an EBITDA of £-2.6m and a 3.69x industry multiple (adjusted for size and gross margin).
red rickshaw limited Estimated Valuation
Pomanda estimates the enterprise value of RED RICKSHAW LIMITED at £0 based on Net Assets of £-1.5m and 2.14x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Red Rickshaw Limited Overview
Red Rickshaw Limited is a live company located in london, E14 4HD with a Companies House number of 06308549. It operates in the retail sale via mail order houses or via internet sector, SIC Code 47910. Founded in July 2007, it's largest shareholder is jyoti patel with a 44.5% stake. Red Rickshaw Limited is a established, small sized company, Pomanda has estimated its turnover at £1.4m with declining growth in recent years.
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Red Rickshaw Limited Health Check
Pomanda's financial health check has awarded Red Rickshaw Limited a 4 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
6 Strong
2 Regular
4 Weak
Size
annual sales of £1.4m, make it larger than the average company (£801.2k)
- Red Rickshaw Limited
£801.2k - Industry AVG
Growth
3 year (CAGR) sales growth of -9%, show it is growing at a slower rate (6.5%)
- Red Rickshaw Limited
6.5% - Industry AVG
Production
with a gross margin of 34.9%, this company has a comparable cost of product (34.9%)
- Red Rickshaw Limited
34.9% - Industry AVG
Profitability
an operating margin of -191.6% make it less profitable than the average company (5.1%)
- Red Rickshaw Limited
5.1% - Industry AVG
Employees
with 16 employees, this is above the industry average (12)
16 - Red Rickshaw Limited
12 - Industry AVG
Pay Structure
on an average salary of £28k, the company has an equivalent pay structure (£28k)
- Red Rickshaw Limited
£28k - Industry AVG
Efficiency
resulting in sales per employee of £86.3k, this is less efficient (£194.1k)
- Red Rickshaw Limited
£194.1k - Industry AVG
Debtor Days
it gets paid by customers after 4 days, this is earlier than average (23 days)
- Red Rickshaw Limited
23 days - Industry AVG
Creditor Days
its suppliers are paid after 137 days, this is slower than average (37 days)
- Red Rickshaw Limited
37 days - Industry AVG
Stock Days
it holds stock equivalent to 48 days, this is less than average (69 days)
- Red Rickshaw Limited
69 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 49 weeks, this is more cash available to meet short term requirements (25 weeks)
49 weeks - Red Rickshaw Limited
25 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 230%, this is a higher level of debt than the average (70.9%)
230% - Red Rickshaw Limited
70.9% - Industry AVG
RED RICKSHAW LIMITED financials
Red Rickshaw Limited's latest turnover from December 2020 is estimated at £1.4 million and the company has net assets of -£1.5 million. According to their latest financial statements, Red Rickshaw Limited has 16 employees and maintains cash reserves of £539.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 652,850 | 438,372 | 279,263 | 201,403 | ||||||||
| Other Income Or Grants | ||||||||||||
| Cost Of Sales | 393,075 | 286,760 | 184,272 | 125,193 | ||||||||
| Gross Profit | 259,775 | 151,612 | 94,991 | 76,210 | ||||||||
| Admin Expenses | 300,002 | 222,560 | 140,410 | |||||||||
| Operating Profit | -40,227 | -70,948 | -64,200 | |||||||||
| Interest Payable | 1,062 | |||||||||||
| Interest Receivable | ||||||||||||
| Pre-Tax Profit | -40,227 | -70,948 | -82,148 | -64,200 | ||||||||
| Tax | ||||||||||||
| Profit After Tax | -40,227 | -70,948 | -82,148 | -64,200 | ||||||||
| Dividends Paid | ||||||||||||
| Retained Profit | -40,227 | -70,948 | -82,148 | -64,200 | ||||||||
| Employee Costs | 13,133 | |||||||||||
| Number Of Employees | 16 | 11 | 16 | |||||||||
| EBITDA* | -38,031 | -68,450 | -62,939 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 3,013 | 49,285 | 53,596 | 57,997 | 72,496 | 96,795 | 40,093 | 49,800 | 6,590 | 7,496 | 8,336 | 7,895 |
| Intangible Assets | 123,226 | |||||||||||
| Investments & Other | 1,000 | 742,534 | 742,534 | 742,534 | 740,050 | |||||||
| Debtors (Due After 1 year) | ||||||||||||
| Total Fixed Assets | 127,239 | 791,819 | 796,130 | 800,531 | 812,546 | 96,795 | 40,093 | 49,800 | 6,590 | 7,496 | 8,336 | 7,895 |
| Stock & work in progress | 118,975 | 131,956 | 121,435 | 80,691 | 90,085 | 419,442 | 128,078 | 113,921 | 63,806 | 65,000 | 16,500 | 20,000 |
| Trade Debtors | 15,604 | 262,066 | 206,557 | 128,298 | 101,927 | 31,349 | 19,426 | 1,575 | 12,000 | 12,000 | ||
| Group Debtors | 129,814 | 167,309 | ||||||||||
| Misc Debtors | 203,258 | 79,060 | ||||||||||
| Cash | 539,930 | 32,834 | 27,946 | 29,952 | 267,156 | 20,594 | 25,792 | 22,871 | 73,772 | 5,323 | 2,500 | 1,500 |
| misc current assets | 40,004 | 37,537 | ||||||||||
| total current assets | 1,007,581 | 411,159 | 411,447 | 317,200 | 485,539 | 541,963 | 225,223 | 193,755 | 139,153 | 70,323 | 31,000 | 33,500 |
| total assets | 1,134,820 | 1,202,978 | 1,207,577 | 1,117,731 | 1,298,085 | 638,758 | 265,316 | 243,555 | 145,743 | 77,819 | 39,336 | 41,395 |
| Bank overdraft | 5,590 | |||||||||||
| Bank loan | ||||||||||||
| Trade Creditors | 339,049 | 80,918 | 106,298 | 120,968 | 84,840 | 50,930 | 61,078 | 52,187 | 35,368 | 30,848 | 14,350 | 20,573 |
| Group/Directors Accounts | ||||||||||||
| other short term finances | ||||||||||||
| hp & lease commitments | ||||||||||||
| other current liabilities | 221,100 | 159,590 | ||||||||||
| total current liabilities | 565,739 | 240,508 | 106,298 | 120,968 | 84,840 | 50,930 | 61,078 | 52,187 | 35,368 | 30,848 | 14,350 | 20,573 |
| loans | 44,410 | |||||||||||
| hp & lease commitments | ||||||||||||
| Accruals and Deferred Income | ||||||||||||
| other liabilities | 2,000,000 | 295,319 | 572,847 | 397,511 | 205,375 | 643,508 | 166,248 | 194,767 | 141,195 | 105,586 | 54,919 | 35,272 |
| provisions | 11,183 | 11,810 | 11,647 | 12,822 | 14,150 | 10,935 | 19,000 | |||||
| total long term liabilities | 2,044,410 | 295,319 | 572,847 | 397,511 | 205,375 | 654,691 | 178,058 | 206,414 | 154,017 | 119,736 | 65,854 | 54,272 |
| total liabilities | 2,610,149 | 535,827 | 679,145 | 518,479 | 290,215 | 705,621 | 239,136 | 258,601 | 189,385 | 150,584 | 80,204 | 74,845 |
| net assets | -1,475,329 | 667,151 | 528,432 | 599,252 | 1,007,870 | -66,863 | 26,180 | -15,046 | -43,642 | -72,765 | -40,868 | -33,450 |
| total shareholders funds | -1,475,329 | 667,151 | 528,432 | 599,252 | 1,007,870 | -66,863 | 26,180 | -15,046 | -43,642 | -72,765 | -40,868 | -33,450 |
| Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | -40,227 | -70,948 | -64,200 | |||||||||
| Depreciation | 22,619 | 12,321 | 13,799 | 26,927 | 21,699 | 10,023 | 12,450 | 2,196 | 2,498 | 2,779 | 1,261 | |
| Amortisation | 14,507 | |||||||||||
| Tax | ||||||||||||
| Stock | -12,981 | 10,521 | 40,744 | -9,394 | -329,357 | 291,364 | 14,157 | 50,115 | -1,194 | 48,500 | -3,500 | 20,000 |
| Debtors | 102,307 | -15,697 | 55,509 | 78,259 | 26,371 | 70,578 | 11,923 | 17,851 | 1,575 | -12,000 | 12,000 | |
| Creditors | 258,131 | -25,380 | -14,670 | 36,128 | 33,910 | -10,148 | 8,891 | 16,819 | 4,520 | 16,498 | -6,223 | 20,573 |
| Accruals and Deferred Income | 61,510 | 159,590 | ||||||||||
| Deferred Taxes & Provisions | -11,183 | -627 | 163 | -1,175 | -1,328 | 3,215 | -8,065 | 19,000 | ||||
| Cash flow from operations | -35,220 | -85,237 | -55,366 | |||||||||
| Investing Activities | ||||||||||||
| capital expenditure | ||||||||||||
| Change in Investments | -741,534 | 2,484 | 740,050 | |||||||||
| cash flow from investments | ||||||||||||
| Financing Activities | ||||||||||||
| Bank loans | ||||||||||||
| Group/Directors Accounts | ||||||||||||
| Other Short Term Loans | ||||||||||||
| Long term loans | 44,410 | |||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||
| other long term liabilities | 1,704,681 | -277,528 | 175,336 | 192,136 | -438,133 | 477,260 | -28,519 | 53,572 | 35,609 | 50,667 | 19,647 | 35,272 |
| share issue | ||||||||||||
| interest | -1,062 | |||||||||||
| cash flow from financing | 104,959 | 89,718 | 93,315 | 66,022 | ||||||||
| cash and cash equivalents | ||||||||||||
| cash | 507,096 | 4,888 | -2,006 | -237,204 | 246,562 | -5,198 | 2,921 | -50,901 | 68,449 | 2,823 | 1,000 | 1,500 |
| overdraft | 5,590 | |||||||||||
| change in cash | 501,506 | 4,888 | -2,006 | -237,204 | 246,562 | -5,198 | 2,921 | -50,901 | 68,449 | 2,823 | 1,000 | 1,500 |
red rickshaw limited Credit Report and Business Information
Red Rickshaw Limited Competitor Analysis
Perform a competitor analysis for red rickshaw limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in E14 area or any other competitors across 12 key performance metrics.
red rickshaw limited Ownership
RED RICKSHAW LIMITED group structure
Red Rickshaw Limited has 1 subsidiary company.
Ultimate parent company
RED RICKSHAW LIMITED
06308549
1 subsidiary
red rickshaw limited directors
Red Rickshaw Limited currently has 3 directors. The longest serving directors include Mr Chaitanya Patel (Sep 2016) and Mr Laurence McIlwee (Feb 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Chaitanya Patel | 70 years | Sep 2016 | - | Director | |
| Mr Laurence McIlwee | 62 years | Feb 2021 | - | Director | |
| Mrs Katharine Patel | 62 years | Sep 2021 | - | Director |
P&L
December 2020turnover
1.4m
+45%
operating profit
-2.6m
0%
gross margin
35%
-5.37%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2020net assets
-1.5m
-3.21%
total assets
1.1m
-0.06%
cash
539.9k
+15.44%
net assets
Total assets minus all liabilities
Similar Companies
red rickshaw limited company details
company number
06308549
Type
Private limited with Share Capital
industry
47910 - Retail sale via mail order houses or via Internet
incorporation date
July 2007
age
18
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2020
previous names
itadka ltd (October 2016)
accountant
DELOITTE LLP
auditor
-
address
pkf gm 15 westferry circus, canary wharf, london, E14 4HD
Bank
-
Legal Advisor
-
red rickshaw limited Charges & Mortgages
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 red rickshaw limited. Currently there are 0 open charges and 1 have been satisfied in the past.
red rickshaw 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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red rickshaw limited Companies House Filings - See Documents
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