ratsey & lapthorn (cowes) limited
ratsey & lapthorn (cowes) limited Company Information
Company Number
07209365
Next Accounts
Jun 2025
Shareholders
ratsey ltd
Group Structure
View All
Industry
Manufacture of canvas goods, sacks etc.
Registered Address
the sail loft somerton works, cowes, isle of wight, PO31 8PB
Website
www.ratseysails.co.ukratsey & lapthorn (cowes) limited Estimated Valuation
Pomanda estimates the enterprise value of RATSEY & LAPTHORN (COWES) LIMITED at £118.8k based on a Turnover of £358.6k and 0.33x industry multiple (adjusted for size and gross margin).
ratsey & lapthorn (cowes) limited Estimated Valuation
Pomanda estimates the enterprise value of RATSEY & LAPTHORN (COWES) LIMITED at £179.4k based on an EBITDA of £31.6k and a 5.68x industry multiple (adjusted for size and gross margin).
ratsey & lapthorn (cowes) limited Estimated Valuation
Pomanda estimates the enterprise value of RATSEY & LAPTHORN (COWES) LIMITED at £0 based on Net Assets of £-99.4k and 1.33x industry multiple (adjusted for liquidity).
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Ratsey & Lapthorn (cowes) Limited Overview
Ratsey & Lapthorn (cowes) Limited is a live company located in isle of wight, PO31 8PB with a Companies House number of 07209365. It operates in the manufacture of canvas goods, sacks, etc. sector, SIC Code 13922. Founded in March 2010, it's largest shareholder is ratsey ltd with a 100% stake. Ratsey & Lapthorn (cowes) Limited is a established, micro sized company, Pomanda has estimated its turnover at £358.6k with declining growth in recent years.
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Ratsey & Lapthorn (cowes) Limited Health Check
Pomanda's financial health check has awarded Ratsey & Lapthorn (Cowes) Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
6 Weak
Size
annual sales of £358.6k, make it smaller than the average company (£17.9m)
- Ratsey & Lapthorn (cowes) Limited
£17.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -9%, show it is growing at a slower rate (12.8%)
- Ratsey & Lapthorn (cowes) Limited
12.8% - Industry AVG
Production
with a gross margin of 28.4%, this company has a comparable cost of product (30.4%)
- Ratsey & Lapthorn (cowes) Limited
30.4% - Industry AVG
Profitability
an operating margin of 8.8% make it more profitable than the average company (6.1%)
- Ratsey & Lapthorn (cowes) Limited
6.1% - Industry AVG
Employees
with 4 employees, this is below the industry average (134)
4 - Ratsey & Lapthorn (cowes) Limited
134 - Industry AVG
Pay Structure
on an average salary of £52.4k, the company has an equivalent pay structure (£52.4k)
- Ratsey & Lapthorn (cowes) Limited
£52.4k - Industry AVG
Efficiency
resulting in sales per employee of £89.7k, this is less efficient (£228.7k)
- Ratsey & Lapthorn (cowes) Limited
£228.7k - Industry AVG
Debtor Days
it gets paid by customers after 130 days, this is later than average (95 days)
- Ratsey & Lapthorn (cowes) Limited
95 days - Industry AVG
Creditor Days
its suppliers are paid after 126 days, this is slower than average (60 days)
- Ratsey & Lapthorn (cowes) Limited
60 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Ratsey & Lapthorn (cowes) Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Ratsey & Lapthorn (cowes) Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 170.2%, this is a higher level of debt than the average (26.6%)
170.2% - Ratsey & Lapthorn (cowes) Limited
26.6% - Industry AVG
RATSEY & LAPTHORN (COWES) LIMITED financials
Ratsey & Lapthorn (Cowes) Limited's latest turnover from September 2023 is estimated at £358.6 thousand and the company has net assets of -£99.4 thousand. According to their latest financial statements, Ratsey & Lapthorn (Cowes) Limited has 4 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||||
| Other Income Or Grants | |||||||||||||
| Cost Of Sales | |||||||||||||
| Gross Profit | |||||||||||||
| Admin Expenses | |||||||||||||
| Operating Profit | |||||||||||||
| Interest Payable | |||||||||||||
| Interest Receivable | |||||||||||||
| Pre-Tax Profit | |||||||||||||
| Tax | |||||||||||||
| Profit After Tax | |||||||||||||
| Dividends Paid | |||||||||||||
| Retained Profit | |||||||||||||
| Employee Costs | |||||||||||||
| Number Of Employees | 4 | 4 | 4 | 4 | 4 | 6 | 6 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 13,759 | 16,818 | 26,489 | 6,963 | 8,273 | 9,668 | 406 | 581 | 617 | 1,024 | 1,744 | 2,464 | 3,184 |
| Intangible Assets | 150 | 450 | 750 | 1,050 | |||||||||
| Investments & Other | |||||||||||||
| Debtors (Due After 1 year) | |||||||||||||
| Total Fixed Assets | 13,759 | 16,818 | 26,489 | 6,963 | 8,273 | 9,668 | 406 | 581 | 617 | 1,174 | 2,194 | 3,214 | 4,234 |
| Stock & work in progress | 5,111 | 6,381 | 27,021 | 7,419 | 4,748 | 18,892 | |||||||
| Trade Debtors | 127,945 | 140,759 | 73,925 | 67,458 | 59,444 | 59,886 | 13,124 | 10,629 | 13,863 | 4,608 | 7,274 | 7,629 | 11,282 |
| Group Debtors | |||||||||||||
| Misc Debtors | 38 | 38 | 86 | 1,423 | |||||||||
| Cash | 712 | 1,170 | 18,529 | 6,337 | 14,407 | 33,002 | |||||||
| misc current assets | 1,236 | 1,742 | |||||||||||
| total current assets | 127,945 | 140,797 | 73,963 | 67,544 | 60,867 | 61,122 | 14,866 | 16,452 | 21,414 | 50,158 | 21,030 | 26,784 | 63,176 |
| total assets | 141,704 | 157,615 | 100,452 | 74,507 | 69,140 | 70,790 | 15,272 | 17,033 | 22,031 | 51,332 | 23,224 | 29,998 | 67,410 |
| Bank overdraft | |||||||||||||
| Bank loan | |||||||||||||
| Trade Creditors | 88,706 | 101,942 | 123,831 | 223,262 | 204,757 | 230,228 | 126,845 | 140,925 | 69,748 | 62,640 | 21,977 | 22,103 | 61,150 |
| Group/Directors Accounts | |||||||||||||
| other short term finances | |||||||||||||
| hp & lease commitments | |||||||||||||
| other current liabilities | |||||||||||||
| total current liabilities | 88,706 | 101,942 | 123,831 | 223,262 | 204,757 | 230,228 | 126,845 | 140,925 | 69,748 | 62,640 | 21,977 | 22,103 | 61,150 |
| loans | |||||||||||||
| hp & lease commitments | |||||||||||||
| Accruals and Deferred Income | 2,532 | 2,085 | 4,061 | ||||||||||
| other liabilities | 152,398 | 178,779 | 178,779 | 23,333 | |||||||||
| provisions | 4,219 | ||||||||||||
| total long term liabilities | 152,398 | 178,779 | 181,311 | 27,552 | 2,085 | 4,061 | |||||||
| total liabilities | 241,104 | 280,721 | 305,142 | 250,814 | 204,757 | 232,313 | 130,906 | 140,925 | 69,748 | 62,640 | 21,977 | 22,103 | 61,150 |
| net assets | -99,400 | -123,106 | -204,690 | -176,307 | -135,617 | -161,523 | -115,634 | -123,892 | -47,717 | -11,308 | 1,247 | 7,895 | 6,260 |
| total shareholders funds | -99,400 | -123,106 | -204,690 | -176,307 | -135,617 | -161,523 | -115,634 | -123,892 | -47,717 | -11,308 | 1,247 | 7,895 | 6,260 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | |||||||||||||
| Depreciation | 171 | 554 | 720 | 720 | 720 | 1,217 | |||||||
| Amortisation | 150 | 300 | 300 | 300 | 450 | ||||||||
| Tax | |||||||||||||
| Stock | -5,111 | -1,270 | -20,640 | 19,602 | 2,671 | -14,144 | 18,892 | ||||||
| Debtors | -12,852 | 66,834 | 6,419 | 6,677 | 981 | 46,762 | 2,495 | -3,234 | 9,255 | -2,666 | -355 | -3,653 | 11,282 |
| Creditors | -13,236 | -21,889 | -99,431 | 18,505 | -25,471 | 103,383 | -14,080 | 71,177 | 7,108 | 40,663 | -126 | -39,047 | 61,150 |
| Accruals and Deferred Income | -2,532 | 2,532 | -2,085 | -1,976 | 4,061 | ||||||||
| Deferred Taxes & Provisions | -4,219 | 4,219 | |||||||||||
| Cash flow from operations | |||||||||||||
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | |||||||||||||
| cash flow from investments | |||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | |||||||||||||
| Group/Directors Accounts | |||||||||||||
| Other Short Term Loans | |||||||||||||
| Long term loans | |||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||
| other long term liabilities | -26,381 | 155,446 | 23,333 | ||||||||||
| share issue | |||||||||||||
| interest | |||||||||||||
| cash flow from financing | |||||||||||||
| cash and cash equivalents | |||||||||||||
| cash | -712 | -458 | -17,359 | 12,192 | -8,070 | -18,595 | 33,002 | ||||||
| overdraft | |||||||||||||
| change in cash | -712 | -458 | -17,359 | 12,192 | -8,070 | -18,595 | 33,002 |
ratsey & lapthorn (cowes) limited Credit Report and Business Information
Ratsey & Lapthorn (cowes) Limited Competitor Analysis
Perform a competitor analysis for ratsey & lapthorn (cowes) limited by selecting its closest rivals, whether from the MANUFACTURING sector, other micro companies, companies in PO31 area or any other competitors across 12 key performance metrics.
ratsey & lapthorn (cowes) limited Ownership
RATSEY & LAPTHORN (COWES) LIMITED group structure
Ratsey & Lapthorn (Cowes) Limited has no subsidiary companies.
ratsey & lapthorn (cowes) limited directors
Ratsey & Lapthorn (Cowes) Limited currently has 2 directors. The longest serving directors include Mr James Hartley (Feb 2020) and Mr Simon Brazier (Aug 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James Hartley | England | 52 years | Feb 2020 | - | Director |
| Mr Simon Brazier | England | 49 years | Aug 2023 | - | Director |
P&L
September 2023turnover
358.6k
-20%
operating profit
31.6k
0%
gross margin
28.4%
+5.21%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
-99.4k
-0.19%
total assets
141.7k
-0.1%
cash
0
0%
net assets
Total assets minus all liabilities
ratsey & lapthorn (cowes) limited company details
company number
07209365
Type
Private limited with Share Capital
industry
13922 - Manufacture of canvas goods, sacks etc.
incorporation date
March 2010
age
15
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
September 2023
previous names
N/A
accountant
TAXASSIST ACCOUNTANTS DORKING
auditor
-
address
the sail loft somerton works, cowes, isle of wight, PO31 8PB
Bank
-
Legal Advisor
-
ratsey & lapthorn (cowes) 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 did not find charges/mortgages relating to ratsey & lapthorn (cowes) limited.
ratsey & lapthorn (cowes) 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.
Click to start generating capital raising & share issue transactions for RATSEY & LAPTHORN (COWES) LIMITED. This can take several minutes, an email will notify you when this has completed.
ratsey & lapthorn (cowes) limited Companies House Filings - See Documents
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