richmond hides limited

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richmond hides limited Company Information

Share RICHMOND HIDES LIMITED
Live 
EstablishedSmallDeclining

Company Number

08580285

Registered Address

weaving shed gorse street, blackburn, BB1 3EU

Industry

Wholesale of hides, skins and leather

 

Telephone

01618188877

Next Accounts Due

March 2025

Group Structure

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Directors

Jacinta Dean1 Years

Hugh Byrne0 Years

Shareholders

harwood hide ltd 50%

mark ziprin 25%

View All

richmond hides limited Estimated Valuation

£324.8k

Pomanda estimates the enterprise value of RICHMOND HIDES LIMITED at £324.8k based on a Turnover of £1.6m and 0.2x industry multiple (adjusted for size and gross margin).

richmond hides limited Estimated Valuation

£174.4k

Pomanda estimates the enterprise value of RICHMOND HIDES LIMITED at £174.4k based on an EBITDA of £64.3k and a 2.71x industry multiple (adjusted for size and gross margin).

richmond hides limited Estimated Valuation

£0

Pomanda estimates the enterprise value of RICHMOND HIDES LIMITED at £0 based on Net Assets of £-375.3k and 1.36x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from June 2023 

Richmond Hides Limited AI Business Plan

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Richmond Hides Limited Overview

Richmond Hides Limited is a live company located in blackburn, BB1 3EU with a Companies House number of 08580285. It operates in the wholesale of hides, skins and leather sector, SIC Code 46240. Founded in June 2013, it's largest shareholder is harwood hide ltd with a 50% stake. Richmond Hides Limited is a established, small sized company, Pomanda has estimated its turnover at £1.6m with declining growth in recent years.

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Richmond Hides Limited Health Check

Pomanda's financial health check has awarded Richmond Hides Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

3 Strong

positive_score

2 Regular

positive_score

7 Weak

size

Size

annual sales of £1.6m, make it smaller than the average company (£7.2m)

£1.6m - Richmond Hides Limited

£7.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (3%)

-13% - Richmond Hides Limited

3% - Industry AVG

production

Production

with a gross margin of 19.9%, this company has a comparable cost of product (19.9%)

19.9% - Richmond Hides Limited

19.9% - Industry AVG

profitability

Profitability

an operating margin of 3.8% make it less profitable than the average company (7.8%)

3.8% - Richmond Hides Limited

7.8% - Industry AVG

employees

Employees

with 5 employees, this is below the industry average (18)

5 - Richmond Hides Limited

18 - Industry AVG

paystructure

Pay Structure

on an average salary of £34.7k, the company has an equivalent pay structure (£34.7k)

£34.7k - Richmond Hides Limited

£34.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £321.6k, this is more efficient (£277.3k)

£321.6k - Richmond Hides Limited

£277.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 45 days, this is later than average (27 days)

45 days - Richmond Hides Limited

27 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 76 days, this is slower than average (51 days)

76 days - Richmond Hides Limited

51 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 10 days, this is less than average (39 days)

10 days - Richmond Hides Limited

39 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (10 weeks)

0 weeks - Richmond Hides Limited

10 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 191.7%, this is a higher level of debt than the average (16.9%)

191.7% - Richmond Hides Limited

16.9% - Industry AVG

richmond hides limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Richmond Hides Limited Competitor Analysis

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richmond hides limited Ownership

RICHMOND HIDES LIMITED group structure

Richmond Hides Limited has no subsidiary companies.

Ultimate parent company

RICHMOND HIDES LIMITED

08580285

RICHMOND HIDES LIMITED Shareholders

harwood hide ltd 50%
mark ziprin 25%
karen ziprin 25%

richmond hides limited directors

Richmond Hides Limited currently has 2 directors. The longest serving directors include Mrs Jacinta Dean (Apr 2022) and Mr Hugh Byrne (Nov 2023).

officercountryagestartendrole
Mrs Jacinta DeanEngland50 years Apr 2022- Director
Mr Hugh ByrneEngland79 years Nov 2023- Director

RICHMOND HIDES LIMITED financials

EXPORTms excel logo

Richmond Hides Limited's latest turnover from June 2023 is estimated at £1.6 million and the company has net assets of -£375.3 thousand. According to their latest financial statements, Richmond Hides Limited has 5 employees and maintains cash reserves of £420 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014
Turnover1,607,9661,604,5701,883,5652,412,4223,448,6453,079,9352,021,2592,984,3579,759,8488,258,732
Other Income Or Grants0000000000
Cost Of Sales1,288,0591,013,4971,400,7352,069,9933,101,7492,816,5951,791,3812,668,8748,848,5217,252,729
Gross Profit319,906591,073482,829342,429346,897263,340229,878315,483911,3271,006,004
Admin Expenses258,094484,869470,577441,347510,868429,122232,411323,598874,678972,591
Operating Profit61,812106,20412,252-98,918-163,971-165,782-2,533-8,11536,64933,413
Interest Payable60,10453,84929,7475,8905,2251,7213,5593,16200
Interest Receivable216061460034268500
Pre-Tax Profit1,72952,360-17,495-104,747-168,736-167,503-5,750-10,59236,64933,413
Tax-432-9,948000000-7,330-7,017
Profit After Tax1,29742,412-17,495-104,747-168,736-167,503-5,750-10,59229,31926,396
Dividends Paid0000000000
Retained Profit1,29742,412-17,495-104,747-168,736-167,503-5,750-10,59229,31926,396
Employee Costs173,680178,900157,216128,77084,86127,42410,08029,666645,460472,922
Number Of Employees555441112015
EBITDA*64,348109,58716,761-98,918-163,499-165,163-1,790-7,37236,91933,537

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014
Tangible Assets7,61010,14613,529004721,0911,834686374
Intangible Assets0000000000
Investments & Other0000000000
Debtors (Due After 1 year)0000000000
Total Fixed Assets7,61010,14613,529004721,0911,834686374
Stock & work in progress38,55259,362167,79969,253107,211282,332273,596129,286333,992489,062
Trade Debtors200,418160,532347,894151,222424,767252,265316,299527,056984,464603,118
Group Debtors0000000000
Misc Debtors162,435130,975209,182147,80958,94284,59150,99791,68600
Cash42041755212122,68700273,87400
misc current assets00002,18200000
total current assets401,825351,286725,427368,296715,789619,188640,8921,021,9021,318,4561,092,180
total assets409,435361,432738,956368,296715,789619,660641,9831,023,7361,319,1421,092,554
Bank overdraft498,652571,476883,01974,636118,49036,33016,61197,27700
Bank loan0000000000
Trade Creditors 268,360139,143236,414607,584860,498686,504561,816804,9731,263,3271,066,058
Group/Directors Accounts000000018,79200
other short term finances0000000000
hp & lease commitments0000000000
other current liabilities8,38914,07620,86487,58933,56724,85624,08357,47100
total current liabilities775,401724,6951,140,297769,8091,012,555747,690602,510978,5131,263,3271,066,058
loans9,33313,33317,6670000000
hp & lease commitments0000000000
Accruals and Deferred Income0000000000
other liabilities0000000000
provisions0000000000
total long term liabilities9,33313,33317,6670000000
total liabilities784,734738,0281,157,964769,8091,012,555747,690602,510978,5131,263,3271,066,058
net assets-375,299-376,596-419,008-401,513-296,766-128,03039,47345,22355,81526,496
total shareholders funds-375,299-376,596-419,008-401,513-296,766-128,03039,47345,22355,81526,496
Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014
Operating Activities
Operating Profit61,812106,20412,252-98,918-163,971-165,782-2,533-8,11536,64933,413
Depreciation2,5363,3834,5090472619743743270124
Amortisation0000000000
Tax-432-9,948000000-7,330-7,017
Stock-20,810-108,43798,546-37,958-175,1218,736144,310-204,706-155,070489,062
Debtors71,346-265,569258,045-184,678146,853-30,440-251,446-365,722381,346603,118
Creditors129,217-97,271-371,170-252,914173,994124,688-243,157-458,354197,2691,066,058
Accruals and Deferred Income-5,687-6,788-66,72554,0228,711773-33,38857,47100
Deferred Taxes & Provisions0000000000
Cash flow from operations136,910369,586-777,725-75,17447,474-17,998-171,199162,173582398
Investing Activities
capital expenditure00-18,0380000-1,891-582-498
Change in Investments0000000000
cash flow from investments00-18,0380000-1,891-582-498
Financing Activities
Bank loans0000000000
Group/Directors Accounts000000-18,79218,79200
Other Short Term Loans 0000000000
Long term loans-4,000-4,33417,6670000000
Hire Purchase and Lease Commitments0000000000
other long term liabilities0000000000
share issue000000000100
interest-60,083-53,843-29,747-5,829-4,765-1,721-3,217-2,47700
cash flow from financing-64,083-58,177-12,080-5,829-4,765-1,721-22,00916,3150100
cash and cash equivalents
cash3-135540-122,675122,6870-273,874273,87400
overdraft-72,824-311,543808,383-43,85482,16019,719-80,66697,27700
change in cash72,827311,408-807,843-78,82140,527-19,719-193,208176,59700

P&L

June 2023

turnover

1.6m

0%

operating profit

61.8k

0%

gross margin

19.9%

-45.99%

turnover

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

Balance Sheet

June 2023

net assets

-375.3k

0%

total assets

409.4k

+0.13%

cash

420

+0.01%

net assets

Total assets minus all liabilities

richmond hides limited company details

company number

08580285

Type

Private limited with Share Capital

industry

46240 - Wholesale of hides, skins and leather

incorporation date

June 2013

age

11

accounts

Total Exemption Full

ultimate parent company

None

previous names

richmond hides & skins ltd. (November 2013)

incorporated

UK

address

weaving shed gorse street, blackburn, BB1 3EU

last accounts submitted

June 2023

richmond hides 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 2 charges/mortgages relating to richmond hides limited. Currently there are 2 open charges and 0 have been satisfied in the past.

charges

richmond hides limited Companies House Filings - See Documents

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