richmond hides limited Company Information
Company Number
08580285
Website
www.richmondhides.comRegistered Address
weaving shed gorse street, blackburn, BB1 3EU
Industry
Wholesale of hides, skins and leather
Telephone
01618188877
Next Accounts Due
March 2025
Group Structure
View All
Shareholders
harwood hide ltd 50%
mark ziprin 25%
View Allrichmond hides limited Estimated Valuation
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
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
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).
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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
3 Strong
2 Regular
7 Weak
Size
annual sales of £1.6m, make it smaller than the average company (£7.2m)
- Richmond Hides Limited
£7.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (3%)
- Richmond Hides Limited
3% - Industry AVG
Production
with a gross margin of 19.9%, this company has a comparable cost of product (19.9%)
- Richmond Hides Limited
19.9% - Industry AVG
Profitability
an operating margin of 3.8% make it less profitable than the average company (7.8%)
- Richmond Hides Limited
7.8% - Industry AVG
Employees
with 5 employees, this is below the industry average (18)
5 - Richmond Hides Limited
18 - Industry AVG
Pay Structure
on an average salary of £34.7k, the company has an equivalent pay structure (£34.7k)
- Richmond Hides Limited
£34.7k - Industry AVG
Efficiency
resulting in sales per employee of £321.6k, this is more efficient (£277.3k)
- Richmond Hides Limited
£277.3k - Industry AVG
Debtor Days
it gets paid by customers after 45 days, this is later than average (27 days)
- Richmond Hides Limited
27 days - Industry AVG
Creditor Days
its suppliers are paid after 76 days, this is slower than average (51 days)
- Richmond Hides Limited
51 days - Industry AVG
Stock Days
it holds stock equivalent to 10 days, this is less than average (39 days)
- Richmond Hides Limited
39 days - Industry AVG
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
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
Richmond Hides Limited Competitor Analysis
Perform a competitor analysis for richmond hides limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
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 directors
Richmond Hides Limited currently has 2 directors. The longest serving directors include Mrs Jacinta Dean (Apr 2022) and Mr Hugh Byrne (Nov 2023).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mrs Jacinta Dean | England | 50 years | Apr 2022 | - | Director |
Mr Hugh Byrne | England | 79 years | Nov 2023 | - | Director |
RICHMOND HIDES LIMITED financials
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 House, Pomanda Estimates
Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | |
---|---|---|---|---|---|---|---|---|---|---|
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 | 84,861 | 27,424 | 10,080 | |||||||
Number Of Employees | 5 | 5 | 5 | 4 | 4 | 1 | 1 | 1 | ||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | |
---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 7,610 | 10,146 | 13,529 | 0 | 0 | 472 | 1,091 | 1,834 | 686 | 374 |
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 | 7,610 | 10,146 | 13,529 | 0 | 0 | 472 | 1,091 | 1,834 | 686 | 374 |
Stock & work in progress | 38,552 | 59,362 | 167,799 | 69,253 | 107,211 | 282,332 | 273,596 | 129,286 | 333,992 | 489,062 |
Trade Debtors | 200,418 | 160,532 | 347,894 | 151,222 | 424,767 | 252,265 | 316,299 | 527,056 | 984,464 | 603,118 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 162,435 | 130,975 | 209,182 | 147,809 | 58,942 | 84,591 | 50,997 | 91,686 | 0 | 0 |
Cash | 420 | 417 | 552 | 12 | 122,687 | 0 | 0 | 273,874 | 0 | 0 |
misc current assets | 0 | 0 | 0 | 0 | 2,182 | 0 | 0 | 0 | 0 | 0 |
total current assets | 401,825 | 351,286 | 725,427 | 368,296 | 715,789 | 619,188 | 640,892 | 1,021,902 | 1,318,456 | 1,092,180 |
total assets | 409,435 | 361,432 | 738,956 | 368,296 | 715,789 | 619,660 | 641,983 | 1,023,736 | 1,319,142 | 1,092,554 |
Bank overdraft | 498,652 | 571,476 | 883,019 | 74,636 | 118,490 | 36,330 | 16,611 | 97,277 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 268,360 | 139,143 | 236,414 | 607,584 | 860,498 | 686,504 | 561,816 | 804,973 | 1,263,327 | 1,066,058 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18,792 | 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 | 8,389 | 14,076 | 20,864 | 87,589 | 33,567 | 24,856 | 24,083 | 57,471 | 0 | 0 |
total current liabilities | 775,401 | 724,695 | 1,140,297 | 769,809 | 1,012,555 | 747,690 | 602,510 | 978,513 | 1,263,327 | 1,066,058 |
loans | 9,333 | 13,333 | 17,667 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 9,333 | 13,333 | 17,667 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total liabilities | 784,734 | 738,028 | 1,157,964 | 769,809 | 1,012,555 | 747,690 | 602,510 | 978,513 | 1,263,327 | 1,066,058 |
net assets | -375,299 | -376,596 | -419,008 | -401,513 | -296,766 | -128,030 | 39,473 | 45,223 | 55,815 | 26,496 |
total shareholders funds | -375,299 | -376,596 | -419,008 | -401,513 | -296,766 | -128,030 | 39,473 | 45,223 | 55,815 | 26,496 |
Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | |
---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||
Operating Profit | ||||||||||
Depreciation | 2,536 | 3,383 | 4,509 | 0 | 472 | 619 | 743 | 743 | 270 | 124 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | ||||||||||
Stock | -20,810 | -108,437 | 98,546 | -37,958 | -175,121 | 8,736 | 144,310 | -204,706 | -155,070 | 489,062 |
Debtors | 71,346 | -265,569 | 258,045 | -184,678 | 146,853 | -30,440 | -251,446 | -365,722 | 381,346 | 603,118 |
Creditors | 129,217 | -97,271 | -371,170 | -252,914 | 173,994 | 124,688 | -243,157 | -458,354 | 197,269 | 1,066,058 |
Accruals and Deferred Income | -5,687 | -6,788 | -66,725 | 54,022 | 8,711 | 773 | -33,388 | 57,471 | 0 | 0 |
Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | ||||||||||
Investing Activities | ||||||||||
capital expenditure | ||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | ||||||||||
Financing Activities | ||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | -18,792 | 18,792 | 0 | 0 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | -4,000 | -4,334 | 17,667 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | ||||||||||
interest | ||||||||||
cash flow from financing | ||||||||||
cash and cash equivalents | ||||||||||
cash | 3 | -135 | 540 | -122,675 | 122,687 | 0 | -273,874 | 273,874 | 0 | 0 |
overdraft | -72,824 | -311,543 | 808,383 | -43,854 | 82,160 | 19,719 | -80,666 | 97,277 | 0 | 0 |
change in cash | 72,827 | 311,408 | -807,843 | -78,821 | 40,527 | -19,719 | -193,208 | 176,597 | 0 | 0 |
P&L
June 2023turnover
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 2023net 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
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.
richmond hides limited Companies House Filings - See Documents
date | description | view/download |
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