ridge roofing limited
ridge roofing limited Company Information
Company Number
07461326
Website
www.ridge-roofing.co.ukRegistered Address
2 drake house, cook way, taunton, somerset, TA2 6BJ
Industry
Construction of domestic buildings
Telephone
01404891813
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
d & s watts holding limited 98%
stephen jeffrey watts 1%
View Allridge roofing limited Estimated Valuation
Pomanda estimates the enterprise value of RIDGE ROOFING LIMITED at £775.9k based on a Turnover of £1.1m and 0.73x industry multiple (adjusted for size and gross margin).
ridge roofing limited Estimated Valuation
Pomanda estimates the enterprise value of RIDGE ROOFING LIMITED at £1.5m based on an EBITDA of £254.9k and a 5.87x industry multiple (adjusted for size and gross margin).
ridge roofing limited Estimated Valuation
Pomanda estimates the enterprise value of RIDGE ROOFING LIMITED at £193.7k based on Net Assets of £139.7k and 1.39x industry multiple (adjusted for liquidity).
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Ridge Roofing Limited Overview
Ridge Roofing Limited is a live company located in taunton, TA2 6BJ with a Companies House number of 07461326. It operates in the construction of domestic buildings sector, SIC Code 41202. Founded in December 2010, it's largest shareholder is d & s watts holding limited with a 98% stake. Ridge Roofing Limited is a established, small sized company, Pomanda has estimated its turnover at £1.1m with low growth in recent years.
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Ridge Roofing Limited Health Check
Pomanda's financial health check has awarded Ridge Roofing Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 3 areas for improvement. Company Health Check FAQs
8 Strong
0 Regular
3 Weak
Size
annual sales of £1.1m, make it larger than the average company (£504.4k)
£1.1m - Ridge Roofing Limited
£504.4k - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (9%)
- Ridge Roofing Limited
9% - Industry AVG
Production
with a gross margin of 37.2%, this company has a lower cost of product (20.5%)
37.2% - Ridge Roofing Limited
20.5% - Industry AVG
Profitability
an operating margin of 23% make it more profitable than the average company (5.1%)
23% - Ridge Roofing Limited
5.1% - Industry AVG
Employees
with 2 employees, this is below the industry average (3)
2 - Ridge Roofing Limited
3 - Industry AVG
Pay Structure
on an average salary of £12.2k, the company has a lower pay structure (£43.6k)
£12.2k - Ridge Roofing Limited
£43.6k - Industry AVG
Efficiency
resulting in sales per employee of £528.3k, this is more efficient (£205.1k)
£528.3k - Ridge Roofing Limited
£205.1k - Industry AVG
Debtor Days
it gets paid by customers after 2 days, this is earlier than average (24 days)
2 days - Ridge Roofing Limited
24 days - Industry AVG
Creditor Days
its suppliers are paid after 8 days, this is quicker than average (30 days)
8 days - Ridge Roofing Limited
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Ridge Roofing Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 100 weeks, this is more cash available to meet short term requirements (13 weeks)
100 weeks - Ridge Roofing Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 51.5%, this is a lower level of debt than the average (71%)
51.5% - Ridge Roofing Limited
71% - Industry AVG
RIDGE ROOFING LIMITED financials
Ridge Roofing Limited's latest turnover from December 2023 is £1.1 million and the company has net assets of £139.7 thousand. According to their latest financial statements, Ridge Roofing Limited has 2 employees and maintains cash reserves of £245.8 thousand 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,056,603 | 1,177,273 | 867,834 | ||||||||||
| Other Income Or Grants | 0 | 0 | 0 | ||||||||||
| Cost Of Sales | 663,404 | 768,635 | 697,389 | ||||||||||
| Gross Profit | 393,199 | 408,638 | 170,445 | ||||||||||
| Admin Expenses | 150,114 | 165,036 | 117,321 | ||||||||||
| Operating Profit | 243,085 | 243,602 | 53,124 | ||||||||||
| Interest Payable | 1,177 | 3,490 | 1,957 | ||||||||||
| Interest Receivable | 0 | 0 | 0 | ||||||||||
| Pre-Tax Profit | 241,908 | 240,112 | 51,167 | ||||||||||
| Tax | 0 | 0 | 0 | ||||||||||
| Profit After Tax | 241,908 | 240,112 | 51,167 | ||||||||||
| Dividends Paid | 0 | 0 | 0 | ||||||||||
| Retained Profit | 241,908 | 240,112 | 51,167 | ||||||||||
| Employee Costs | 24,335 | 39,261 | 72,942 | ||||||||||
| Number Of Employees | 2 | 2 | 3 | 14 | 14 | ||||||||
| EBITDA* | 254,900 | 256,440 | 74,546 |
* 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 35,447 | 38,514 | 64,266 | 69,307 | 51,589 | 61,594 | 43,068 | 44,141 | 48,331 | 31,527 | 16,822 | 10,848 | 4,375 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 2,000 | 3,000 | 4,000 | 5,000 | 6,000 | 7,000 | 8,000 | 9,000 |
| Investments & Other | 0 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 35,447 | 38,614 | 64,366 | 69,407 | 51,689 | 63,694 | 46,168 | 48,241 | 53,331 | 37,527 | 23,822 | 18,848 | 13,375 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 6,899 | 60,849 | 21,023 | 14,275 | 7,590 | 12,195 | 5,863 | 34,090 | 2,520 | 10,991 | 9,259 | 9,066 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 2,439 | 31,525 | 6,750 | 20,639 | 123,411 | 13,525 | 29,225 | 0 | 0 | 0 | 0 |
| Cash | 245,829 | 215,932 | 343,916 | 307,851 | 200,562 | 205,334 | 93,107 | 176,040 | 132,032 | 160,898 | 66,821 | 41,680 | 6,254 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,535 | 0 |
| total current assets | 252,728 | 276,781 | 367,378 | 353,651 | 214,902 | 238,168 | 222,381 | 223,655 | 163,777 | 171,889 | 76,080 | 54,281 | 6,254 |
| total assets | 288,175 | 315,395 | 431,744 | 423,058 | 266,591 | 301,862 | 268,549 | 271,896 | 217,108 | 209,416 | 99,902 | 73,129 | 19,629 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,327 | 4,602 | 0 | 0 | 0 | 0 |
| Bank loan | 10,071 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 14,818 | 47,787 | 45,649 | 57,595 | 18,820 | 30,395 | 13,835 | 11,730 | 2,400 | 90,439 | 64,717 | 55,381 | 18,060 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7,061 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 124 | 97 | 602 | 1,621 | 5,161 | 2,627 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 556 | 3,889 | 6,710 | 9,725 | 5,755 | 8,283 | 3,327 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 102,117 | 217,420 | 309,464 | 55,495 | 36,254 | 67,205 | 32,924 | 42,678 | 56,400 | 0 | 0 | 0 | 1,165 |
| total current liabilities | 127,686 | 269,193 | 362,425 | 124,436 | 65,990 | 108,510 | 50,086 | 64,796 | 63,402 | 90,439 | 64,717 | 55,381 | 19,225 |
| loans | 20,762 | 40,216 | 50,000 | 50,000 | 0 | 0 | 0 | 0 | 9,978 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 15,732 | 13,522 | 2,884 | 7,365 | 3,324 | 6,651 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 20,762 | 40,216 | 65,732 | 63,522 | 2,884 | 7,365 | 3,324 | 6,651 | 9,978 | 0 | 0 | 0 | 0 |
| total liabilities | 148,448 | 309,409 | 428,157 | 187,958 | 68,874 | 115,875 | 53,410 | 71,447 | 73,380 | 90,439 | 64,717 | 55,381 | 19,225 |
| net assets | 139,727 | 5,986 | 3,587 | 235,100 | 197,717 | 185,987 | 215,139 | 200,449 | 143,728 | 118,977 | 35,185 | 17,748 | 404 |
| total shareholders funds | 139,727 | 5,986 | 3,587 | 235,100 | 197,717 | 185,987 | 215,139 | 200,449 | 143,728 | 118,977 | 35,185 | 17,748 | 404 |
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | 243,085 | 243,602 | 53,124 | ||||||||||
| Depreciation | 11,815 | 12,838 | 21,422 | 23,103 | 21,449 | 20,531 | 14,356 | 14,714 | 16,111 | 10,030 | 5,608 | 3,542 | 1,625 |
| Amortisation | 0 | 0 | 0 | 0 | 2,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 |
| Tax | 0 | 0 | 0 | ||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -53,950 | 37,387 | -22,338 | 31,460 | -18,494 | -96,440 | 81,659 | 15,870 | 20,754 | 1,732 | 193 | 9,066 | 0 |
| Creditors | -32,969 | 2,138 | -11,946 | 38,775 | -11,575 | 16,560 | 2,105 | 9,330 | -88,039 | 25,722 | 9,336 | 37,321 | 18,060 |
| Accruals and Deferred Income | -115,303 | -92,044 | 253,969 | 19,241 | -30,951 | 34,281 | -9,754 | -13,722 | 56,400 | 0 | 0 | -1,165 | 1,165 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 160,578 | 129,147 | 338,907 | ||||||||||
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | -100 | 0 | 0 | 0 | 0 | 0 | 0 | 100 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | 10,071 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | -7,061 | 7,061 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 27 | -505 | -1,019 | -3,540 | 2,534 | 2,627 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -19,454 | -9,784 | 0 | 50,000 | 0 | 0 | 0 | -9,978 | 9,978 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -3,333 | -18,553 | -805 | 14,608 | -7,009 | 8,997 | 0 | 6,651 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||
| interest | -1,177 | -3,490 | -1,957 | ||||||||||
| cash flow from financing | -122,033 | -270,045 | -286,461 | ||||||||||
| cash and cash equivalents | |||||||||||||
| cash | 29,897 | -127,984 | 36,065 | 107,289 | -4,772 | 112,227 | -82,933 | 44,008 | -28,866 | 94,077 | 25,141 | 35,426 | 6,254 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | -3,327 | -1,275 | 4,602 | 0 | 0 | 0 | 0 |
| change in cash | 29,897 | -127,984 | 36,065 | 107,289 | -4,772 | 112,227 | -79,606 | 45,283 | -33,468 | 94,077 | 25,141 | 35,426 | 6,254 |
ridge roofing limited Credit Report and Business Information
Ridge Roofing Limited Competitor Analysis
Perform a competitor analysis for ridge roofing limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in TA2 area or any other competitors across 12 key performance metrics.
ridge roofing limited Ownership
RIDGE ROOFING LIMITED group structure
Ridge Roofing Limited has 1 subsidiary company.
Ultimate parent company
1 parent
RIDGE ROOFING LIMITED
07461326
1 subsidiary
ridge roofing limited directors
Ridge Roofing Limited currently has 2 directors. The longest serving directors include Mr Stephen Watts (Dec 2010) and Mrs Dana Watts (Nov 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stephen Watts | United Kingdom | 56 years | Dec 2010 | - | Director |
| Mrs Dana Watts | England | 46 years | Nov 2016 | - | Director |
P&L
December 2023turnover
1.1m
-10%
operating profit
243.1k
0%
gross margin
37.3%
+7.21%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
139.7k
+22.34%
total assets
288.2k
-0.09%
cash
245.8k
+0.14%
net assets
Total assets minus all liabilities
ridge roofing limited company details
company number
07461326
Type
Private limited with Share Capital
industry
41202 - Construction of domestic buildings
incorporation date
December 2010
age
14
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
N/A
accountant
WELCH & CO (SOUTH WEST) LIMITED
auditor
-
address
2 drake house, cook way, taunton, somerset, TA2 6BJ
Bank
-
Legal Advisor
-
ridge roofing 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 ridge roofing limited.
ridge roofing limited Companies House Filings - See Documents
| date | description | view/download |
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