Ridware Properties Limited

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ridware properties limited Company Information

Live

EstablishedSmallDeclining

Company Number

08377418

Next Accounts

Dec 2024

Industry

Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

Directors

Richard Smith

Shareholders

ralph john smith

thomas william smith

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Group Structure

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Contact

Registered Address

hall farm pipe ridware, rugeley, staffs, WS15 3QL

Website

ridware properties limited Estimated Valuation

£4.1m

Pomanda estimates the enterprise value of RIDWARE PROPERTIES LIMITED at £4.1m based on a Turnover of £1.2m and 3.44x industry multiple (adjusted for size and gross margin).

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Ridware Properties Limited is a live company located in staffs, WS15 3QL with a Companies House number of 08377418. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in January 2013, it's largest shareholder is ralph john smith with a 40% stake. Ridware Properties Limited is a established, small sized company, Pomanda has estimated its turnover at £1.2m with declining growth in recent years.

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Pomanda's financial health check has awarded Ridware Properties Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

3 Strong

3 Regular

4 Weak

Size

annual sales of £1.2m, make it larger than the average company (£799k)

Growth

3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (1.9%)

EXPORT

Ridware Properties Limited's latest turnover from March 2023 is estimated at £1.2 million and the company has net assets of £201.1 thousand. According to their latest financial statements, we estimate that Ridware Properties Limited has 8 employees and maintains cash reserves of £8.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014
Turnover	1,188,178	1,170,276	1,425,675	1,354,973	1,131,038	757,948	870,951	2,689,349	1,546,549	1,530,597
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	305,716	298,542	354,348	348,356	295,807	189,784	219,612	758,820	517,767	495,960
Gross Profit	882,462	871,734	1,071,327	1,006,617	835,231	568,165	651,340	1,930,528	1,028,782	1,034,637
Admin Expenses	831,162	805,471	1,021,035	983,603	823,426	553,141	617,041	1,915,915	997,741	1,074,388
Operating Profit	51,300	66,263	50,292	23,014	11,805	15,024	34,299	14,613	31,041	-39,751
Interest Payable	0	0	0	0	0	0	0	0	0	0
Interest Receivable	301	48	5	13	313	165	9	23	19	5
Pre-Tax Profit	51,601	66,311	50,298	23,027	12,119	15,189	34,309	14,636	31,059	-39,747
Tax	-9,804	-12,599	-9,557	-4,375	-2,303	-2,886	-6,862	-2,927	-6,522	0
Profit After Tax	41,797	53,712	40,741	18,652	9,816	12,303	27,447	11,709	24,537	-39,747
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	41,797	53,712	40,741	18,652	9,816	12,303	27,447	11,709	24,537	-39,747
Employee Costs	242,986	259,488	295,295	27,393	27,094	155,721	204,539	496,205	260,000	248,000
Number Of Employees	8	9	11	1	1	6	8	19	10	10
EBITDA*	51,300	66,263	50,292	23,014	11,805	15,024	34,299	14,613	31,041	-39,751

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014
Tangible Assets	1,160,330	1,160,330	1,160,330	1,119,950	1,000,392	996,083	1,075,091	1,073,633	518,791	503,946
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,160,330	1,160,330	1,160,330	1,119,950	1,000,392	996,083	1,075,091	1,073,633	518,791	503,946
Stock & work in progress	0	0	0	0	0	0	0	0	0	0
Trade Debtors	0	0	0	0	0	4,500	19,500	0	0	0
Group Debtors	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0
Cash	8,166	6,002	6,727	4,168	21,378	62,165	3,894	3,628	5,681	1,800
misc current assets	0	0	0	0	0	0	0	0	0	0
total current assets	8,166	6,002	6,727	4,168	21,378	66,665	23,394	3,628	5,681	1,800
total assets	1,168,496	1,166,332	1,167,057	1,124,118	1,021,770	1,062,748	1,098,485	1,077,261	524,472	505,746
Bank overdraft	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0
Trade Creditors	473,299	508,788	681,516	1,059,281	975,585	1,026,379	1,074,419	1,080,642	539,562	545,373
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0
total current liabilities	473,299	508,788	681,516	1,059,281	975,585	1,026,379	1,074,419	1,080,642	539,562	545,373
loans	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0
other liabilities	494,110	498,254	379,963	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0
total long term liabilities	494,110	498,254	379,963	0	0	0	0	0	0	0
total liabilities	967,409	1,007,042	1,061,479	1,059,281	975,585	1,026,379	1,074,419	1,080,642	539,562	545,373
net assets	201,087	159,290	105,578	64,837	46,185	36,369	24,066	-3,381	-15,090	-39,627
total shareholders funds	201,087	159,290	105,578	64,837	46,185	36,369	24,066	-3,381	-15,090	-39,627

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014
Operating Activities
Operating Profit	51,300	66,263	50,292	23,014	11,805	15,024	34,299	14,613	31,041	-39,751
Depreciation	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0
Tax	-9,804	-12,599	-9,557	-4,375	-2,303	-2,886	-6,862	-2,927	-6,522	0
Stock	0	0	0	0	0	0	0	0	0	0
Debtors	0	0	0	0	-4,500	-15,000	19,500	0	0	0
Creditors	-35,489	-172,728	-377,765	83,696	-50,794	-48,040	-6,223	541,080	-5,811	545,373
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	6,007	-119,064	-337,030	102,335	-36,792	-20,902	1,714	552,766	18,708	505,622
Investing Activities
capital expenditure	0	0	-40,380	-119,558	-4,309	79,008	-1,458	-554,842	-14,845	-503,946
Change in Investments	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	-40,380	-119,558	-4,309	79,008	-1,458	-554,842	-14,845	-503,946
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-4,144	118,291	379,963	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	120
interest	301	48	5	13	313	165	9	23	19	5
cash flow from financing	-3,843	118,339	379,968	13	313	165	9	23	19	125
cash and cash equivalents
cash	2,164	-725	2,559	-17,210	-40,787	58,271	266	-2,053	3,881	1,800
overdraft	0	0	0	0	0	0	0	0	0	0
change in cash	2,164	-725	2,559	-17,210	-40,787	58,271	266	-2,053	3,881	1,800

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for ridware properties limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in WS15 area or any other competitors across 12 key performance metrics.

RIDWARE PROPERTIES LIMITED group structure

Ridware Properties Limited has no subsidiary companies.

Ultimate parent company

RIDWARE PROPERTIES LIMITED

08377418

RIDWARE PROPERTIES LIMITED Shareholders

ralph john smith	40%
thomas william smith	40%
helen jane smith	10%
richard john smith	10%

Ridware Properties Limited currently has 1 director, Mr Richard Smith serving since Jan 2013.

officer	country	age	start	end	role
Mr Richard Smith	England	67 years	Jan 2013	-	Director

P&L

March 2023

turnover

1.2m

+2%

operating profit

51.3k

gross margin

74.3%

-0.29%

turnover

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

Balance Sheet

March 2023

net assets

201.1k

+0.26%

total assets

1.2m

cash

8.2k

+0.36%

net assets

Total assets minus all liabilities

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company number

08377418

Type

Private limited with Share Capital

industry

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

incorporation date

January 2013

ultimate parent company

None

previous names

N/A

address

hall farm pipe ridware, rugeley, staffs, WS15 3QL

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 7 charges/mortgages relating to ridware properties limited. Currently there are 6 open charges and 1 have been satisfied in the past.

ridware properties limited Company Information

ridware properties limited Estimated Valuation

ridware properties limited Estimated Valuation

ridware properties limited Estimated Valuation

Ridware Properties Limited Overview

Ridware Properties Limited Health Check

RIDWARE PROPERTIES LIMITED financials

ridware properties limited Credit Report and Business Information

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ridware properties limited Ownership

ridware properties limited directors

ridware properties limited company details

ridware properties limited Charges & Mortgages

ridware properties limited Companies House Filings - See Documents