rixo limited
rixo limited Company Information
Company Number
09424938
Next Accounts
Apr 2025
Industry
Retail sale of clothing in specialised stores
Shareholders
orletta limited
Group Structure
View All
Contact
Registered Address
unit 1 & 2 barrel yard, vinery way, london, W6 0LQ
Website
http://www.rixolondon.comrixo limited Estimated Valuation
Pomanda estimates the enterprise value of RIXO LIMITED at £13.2m based on a Turnover of £19m and 0.69x industry multiple (adjusted for size and gross margin).
rixo limited Estimated Valuation
Pomanda estimates the enterprise value of RIXO LIMITED at £18m based on an EBITDA of £2.7m and a 6.75x industry multiple (adjusted for size and gross margin).
rixo limited Estimated Valuation
Pomanda estimates the enterprise value of RIXO LIMITED at £18m based on Net Assets of £6.3m and 2.87x industry multiple (adjusted for liquidity).
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Rixo Limited Overview
Rixo Limited is a live company located in london, W6 0LQ with a Companies House number of 09424938. It operates in the retail sale of clothing in specialised stores sector, SIC Code 47710. Founded in February 2015, it's largest shareholder is orletta limited with a 100% stake. Rixo Limited is a young, mid sized company, Pomanda has estimated its turnover at £19m with high growth in recent years.
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Rixo Limited Health Check
Pomanda's financial health check has awarded Rixo Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 9 measures and has 1 areas for improvement. Company Health Check FAQs
9 Strong
2 Regular
1 Weak
Size
annual sales of £19m, make it larger than the average company (£8.2m)
£19m - Rixo Limited
£8.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (5.7%)
21% - Rixo Limited
5.7% - Industry AVG
Production
with a gross margin of 74.1%, this company has a lower cost of product (50.7%)
74.1% - Rixo Limited
50.7% - Industry AVG
Profitability
an operating margin of 12.1% make it more profitable than the average company (4.8%)
12.1% - Rixo Limited
4.8% - Industry AVG
Employees
with 84 employees, this is above the industry average (57)
84 - Rixo Limited
57 - Industry AVG
Pay Structure
on an average salary of £39.7k, the company has a higher pay structure (£26k)
£39.7k - Rixo Limited
£26k - Industry AVG
Efficiency
resulting in sales per employee of £226.2k, this is more efficient (£146.9k)
£226.2k - Rixo Limited
£146.9k - Industry AVG
Debtor Days
it gets paid by customers after 14 days, this is near the average (12 days)
14 days - Rixo Limited
12 days - Industry AVG
Creditor Days
its suppliers are paid after 149 days, this is slower than average (37 days)
149 days - Rixo Limited
37 days - Industry AVG
Stock Days
it holds stock equivalent to 133 days, this is in line with average (139 days)
133 days - Rixo Limited
139 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 63 weeks, this is more cash available to meet short term requirements (12 weeks)
63 weeks - Rixo Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 40.9%, this is a lower level of debt than the average (76.4%)
40.9% - Rixo Limited
76.4% - Industry AVG
RIXO LIMITED financials
Rixo Limited's latest turnover from July 2023 is £19 million and the company has net assets of £6.3 million. According to their latest financial statements, Rixo Limited has 84 employees and maintains cash reserves of £4.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Feb 2016 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 19,004,858 | 17,418,888 | 10,266,246 | 10,620,003 | ||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | ||||
| Cost Of Sales | 4,921,590 | 5,487,004 | 3,023,307 | 4,307,453 | ||||
| Gross Profit | 14,083,268 | 11,931,884 | 7,242,939 | 6,312,550 | ||||
| Admin Expenses | 11,781,890 | 7,380,480 | 3,703,297 | 2,090,920 | ||||
| Operating Profit | 2,301,378 | 4,551,404 | 3,539,642 | 4,221,630 | ||||
| Interest Payable | 0 | 6,929 | 914 | 21,220 | ||||
| Interest Receivable | 34,781 | 379 | 3 | 4,676 | ||||
| Pre-Tax Profit | 2,336,159 | 4,544,854 | 3,538,731 | 4,205,086 | ||||
| Tax | -500,000 | -885,360 | -677,014 | -814,782 | ||||
| Profit After Tax | 1,836,159 | 3,659,494 | 2,861,717 | 3,390,304 | ||||
| Dividends Paid | 300,000 | 5,725,000 | 300,945 | 5,825,000 | ||||
| Retained Profit | 1,536,159 | -2,065,506 | 2,560,772 | -2,434,696 | ||||
| Employee Costs | 3,336,056 | 2,351,488 | 1,587,430 | 1,237,181 | ||||
| Number Of Employees | 84 | 61 | 44 | 37 | 27 | 10 | 4 | 4 |
| EBITDA* | 2,668,140 | 4,825,382 | 3,764,081 | 4,293,424 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Feb 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,924,492 | 154,201 | 178,528 | 133,339 | 72,232 | 31,399 | 10,889 | 5,605 |
| Intangible Assets | 276,260 | 273,729 | 311,030 | 230,629 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2,200,752 | 427,930 | 489,558 | 363,968 | 72,232 | 31,399 | 10,889 | 5,605 |
| Stock & work in progress | 1,798,219 | 1,179,588 | 924,999 | 1,197,991 | 520,849 | 250,986 | 11,912 | 17,556 |
| Trade Debtors | 757,009 | 2,719,974 | 772,136 | 339,423 | 219,830 | 743,679 | 32,622 | 3,863 |
| Group Debtors | 18,737 | 5,126 | 0 | 0 | 0 | 100 | 0 | 0 |
| Misc Debtors | 1,019,457 | 365,323 | 260,942 | 178,393 | 0 | 35,522 | 2,020 | 0 |
| Cash | 4,821,317 | 3,383,635 | 6,685,661 | 4,075,510 | 4,319,678 | 3,906,060 | 939,983 | 19,570 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 8,414,739 | 7,653,646 | 8,643,738 | 5,791,317 | 8,217,033 | 4,936,347 | 986,537 | 40,989 |
| total assets | 10,615,491 | 8,081,576 | 9,133,296 | 6,155,285 | 8,289,265 | 4,967,746 | 997,426 | 46,594 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,014,398 | 1,584,271 | 1,353,041 | 949,856 | 724,123 | 573,537 | 26,687 | 44,001 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,929,443 | 1,654,426 | 885,824 | 795,541 | 0 | 1,112,151 | 373,773 | 0 |
| total current liabilities | 3,943,841 | 3,238,697 | 2,238,865 | 1,745,397 | 1,613,926 | 1,685,688 | 400,460 | 44,001 |
| loans | 0 | 0 | 0 | 100,000 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 100,000 | 0 | 0 |
| provisions | 399,582 | 106,970 | 93,016 | 69,245 | 0 | 0 | 0 | 0 |
| total long term liabilities | 399,582 | 106,970 | 93,016 | 169,245 | 0 | 100,000 | 0 | 0 |
| total liabilities | 4,343,423 | 3,345,667 | 2,331,881 | 1,914,642 | 1,613,926 | 1,785,688 | 400,460 | 44,001 |
| net assets | 6,272,068 | 4,735,909 | 6,801,415 | 4,240,643 | 6,675,339 | 3,182,058 | 596,966 | 2,593 |
| total shareholders funds | 6,272,068 | 4,735,909 | 6,801,415 | 4,240,643 | 6,675,339 | 3,182,058 | 596,966 | 2,593 |
| Jul 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Feb 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 2,301,378 | 4,551,404 | 3,539,642 | 4,221,630 | ||||
| Depreciation | 188,861 | 112,387 | 96,204 | 52,088 | 17,182 | 6,396 | 2,216 | 1,198 |
| Amortisation | 177,901 | 161,591 | 128,235 | 19,706 | 0 | 0 | 0 | |
| Tax | -500,000 | -885,360 | -677,014 | -814,782 | ||||
| Stock | 618,631 | 254,589 | -272,992 | 677,142 | 269,863 | 239,074 | -5,644 | 17,556 |
| Debtors | -1,295,220 | 2,057,345 | 515,262 | 297,986 | -559,471 | 744,659 | 30,779 | 3,863 |
| Creditors | 430,127 | 231,230 | 403,185 | 225,733 | 150,586 | 546,850 | -17,314 | 44,001 |
| Accruals and Deferred Income | 275,017 | 768,602 | 90,283 | 795,541 | -1,112,151 | 738,378 | 373,773 | 0 |
| Deferred Taxes & Provisions | 292,612 | 13,954 | 23,771 | 69,245 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 3,842,485 | 2,641,874 | 3,362,036 | 3,594,033 | ||||
| Investing Activities | ||||||||
| capital expenditure | 0 | 0 | 0 | 0 | ||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | ||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | -100,000 | 100,000 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | -100,000 | 100,000 | 0 | 0 |
| share issue | ||||||||
| interest | 34,781 | -6,550 | -911 | -16,544 | ||||
| cash flow from financing | 34,781 | -6,550 | -100,911 | 83,456 | ||||
| cash and cash equivalents | ||||||||
| cash | 1,437,682 | -3,302,026 | 2,610,151 | -244,168 | 413,618 | 2,966,077 | 920,413 | 19,570 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 1,437,682 | -3,302,026 | 2,610,151 | -244,168 | 413,618 | 2,966,077 | 920,413 | 19,570 |
rixo limited Credit Report and Business Information
Rixo Limited Competitor Analysis
Perform a competitor analysis for rixo limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in W 6 area or any other competitors across 12 key performance metrics.
rixo limited Ownership
RIXO LIMITED group structure
Rixo Limited has no subsidiary companies.
rixo limited directors
Rixo Limited currently has 3 directors. The longest serving directors include Ms Orlagh McCloskey (Feb 2015) and Ms Alice Rix (Feb 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Orlagh McCloskey | England | 35 years | Feb 2015 | - | Director |
| Ms Alice Rix | England | 33 years | Feb 2015 | - | Director |
| Mr John Bailey | 60 years | Apr 2022 | - | Director |
P&L
July 2023turnover
19m
+9%
operating profit
2.3m
-49%
gross margin
74.2%
+8.18%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
6.3m
+0.32%
total assets
10.6m
+0.31%
cash
4.8m
+0.42%
net assets
Total assets minus all liabilities
rixo limited company details
company number
09424938
Type
Private limited with Share Capital
industry
47710 - Retail sale of clothing in specialised stores
incorporation date
February 2015
age
9
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
July 2023
previous names
N/A
accountant
-
auditor
RSM UK AUDIT LLP
address
unit 1 & 2 barrel yard, vinery way, london, W6 0LQ
Bank
-
Legal Advisor
-
rixo 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 rixo limited.
rixo limited Companies House Filings - See Documents
| date | description | view/download |
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