Pomanda estimates the enterprise value of RINGTOP LTD at £587.1k based on a Turnover of £3.7m and 0.16x industry multiple (adjusted for size and gross margin).
ringtop ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of RINGTOP LTD at £0 based on an EBITDA of £-102.1k and a 1.82x industry multiple (adjusted for size and gross margin).
ringtop ltdEstimated Valuation
£577
Pomanda estimates the enterprise value of RINGTOP LTD at £577 based on Net Assets of £285 and 2.03x industry multiple (adjusted for liquidity).
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Ringtop LtdOverview
Ringtop Ltd is a dissolved company that was located in chesterfield, S43 4GD with a Companies House number of 09460255. It operated in the retail sale via mail order houses or via internet sector, SIC Code 47910. Founded in February 2015, it's largest shareholder was
jds54 limited
with a 50% stake. The last turnover for Ringtop Ltd was estimated at £3.7m.
Pomanda's financial health check has awarded Ringtop Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating2out of 5
2 Strong
3 Regular
6 Weak
Size
annual sales of £3.7m, make it larger than the average company (£534.8k)
£3.7m - Ringtop Ltd
£534.8k - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (7.9%)
2% - Ringtop Ltd
7.9% - Industry AVG
Production
with a gross margin of -2%, this company has a higher cost of product (36.5%)
-2% - Ringtop Ltd
36.5% - Industry AVG
Profitability
an operating margin of -2.8% make it less profitable than the average company (6.3%)
-2.8% - Ringtop Ltd
6.3% - Industry AVG
Employees
with 20 employees, this is above the industry average (6)
20 - Ringtop Ltd
6 - Industry AVG
Pay Structure
on an average salary of £26.9k, the company has an equivalent pay structure (£26.9k)
£26.9k - Ringtop Ltd
£26.9k - Industry AVG
Efficiency
resulting in sales per employee of £183.8k, this is equally as efficient (£192.5k)
£183.8k - Ringtop Ltd
£192.5k - Industry AVG
Debtor Days
it gets paid by customers after 26 days, this is near the average (23 days)
26 days - Ringtop Ltd
23 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (36 days)
0 days - Ringtop Ltd
36 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Ringtop Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 3 weeks, this is less cash available to meet short term requirements (29 weeks)
3 weeks - Ringtop Ltd
29 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 99.9%, this is a higher level of debt than the average (71%)
99.9% - Ringtop Ltd
71% - Industry AVG
RINGTOP LTD financials
EXPORT
Ringtop Ltd's latest turnover from June 2021 is £3.7 million and the company has net assets of £285. According to their latest financial statements, we estimate that Ringtop Ltd has 20 employees and maintains cash reserves of £19.6 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Jun 2021
Jun 2020
Jun 2019
Jun 2018
Jun 2017
Jun 2016
Turnover
3,676,523
5,510,110
3,246,106
3,436,017
376,064
99,255
Other Income Or Grants
Cost Of Sales
3,749,915
5,282,015
2,043,745
2,096,049
233,410
60,941
Gross Profit
-73,392
228,095
1,202,361
1,339,969
142,654
38,314
Admin Expenses
28,719
169,179
1,228,416
1,275,606
108,132
56,528
Operating Profit
-102,111
58,916
-26,055
64,363
34,522
-18,214
Interest Payable
Interest Receivable
11
216
40
43
46
Pre-Tax Profit
-102,100
59,132
-32,100
64,404
34,565
-18,168
Tax
18,546
-11,235
6,045
-12,237
-6,567
Profit After Tax
-83,554
47,897
-26,055
52,167
27,998
-18,168
Dividends Paid
Retained Profit
-83,554
47,897
-26,055
52,167
27,998
-18,168
Employee Costs
538,917
885,139
32,481
514,246
55,973
27,533
Number Of Employees
20
34
18
17
2
1
EBITDA*
-102,111
58,916
-26,055
64,363
34,522
-18,214
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jun 2021
Jun 2020
Jun 2019
Jun 2018
Jun 2017
Jun 2016
Tangible Assets
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
Stock & work in progress
38,085
Trade Debtors
264,982
404,066
337,863
341,796
29,213
2,958
Group Debtors
Misc Debtors
36,640
173,870
Cash
19,605
44,025
16,105
18,323
misc current assets
4,277
total current assets
321,227
621,961
337,863
341,796
87,680
21,281
total assets
321,227
621,961
337,863
341,796
87,680
21,281
Bank overdraft
Bank loan
Trade Creditors
522
532,986
301,921
279,799
77,850
21,167
Group/Directors Accounts
320,420
other short term finances
hp & lease commitments
other current liabilities
5,136
total current liabilities
320,942
538,122
301,921
279,799
77,850
21,167
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
18,282
provisions
total long term liabilities
18,282
total liabilities
320,942
538,122
301,921
279,799
77,850
39,449
net assets
285
83,839
35,942
61,997
9,830
-18,168
total shareholders funds
285
83,839
35,942
61,997
9,830
-18,168
Jun 2021
Jun 2020
Jun 2019
Jun 2018
Jun 2017
Jun 2016
Operating Activities
Operating Profit
-102,111
58,916
-26,055
64,363
34,522
-18,214
Depreciation
Amortisation
Tax
18,546
-11,235
6,045
-12,237
-6,567
Stock
-38,085
38,085
Debtors
-276,314
240,073
-3,933
312,583
26,255
2,958
Creditors
-532,464
231,065
22,122
201,949
56,683
21,167
Accruals and Deferred Income
-5,136
5,136
Deferred Taxes & Provisions
Cash flow from operations
-344,851
43,809
6,045
-20,423
20,298
-5
Investing Activities
capital expenditure
Change in Investments
cash flow from investments
Financing Activities
Bank loans
Group/Directors Accounts
320,420
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
-18,282
18,282
share issue
interest
11
216
40
43
46
cash flow from financing
320,431
216
40
-18,239
18,328
cash and cash equivalents
cash
-24,420
44,025
-16,105
-2,218
18,323
overdraft
change in cash
-24,420
44,025
-16,105
-2,218
18,323
ringtop ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for ringtop ltd. Get real-time insights into ringtop ltd's credit score, group structure and payment trends.
Perform a competitor analysis for ringtop ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other undefined companies, companies in S43 area or any other competitors across 12 key performance metrics.
ringtop ltd Ownership
RINGTOP LTD group structure
Ringtop Ltd has no subsidiary companies.
Ultimate parent company
RINGTOP LTD
09460255
RINGTOP LTD Shareholders
The largest shareholders in Ringtop Ltd include Jds54 Limited and Nicholas Whitehead.
jds54 limited
50%
nicholas whitehead
50%
ringtop ltd directors
Ringtop Ltd currently has 1 director, Mr Nicholas Whitehead serving since Feb 2015.
47910 - Retail sale via mail order houses or via Internet
incorporation date
February 2015
age
10
incorporated
UK
ultimate parent company
None
accounts
Small Company
last accounts submitted
June 2021
previous names
N/A
accountant
-
auditor
HEWITT CARD LIMITED
address
1 maison court midland way, barlborough, chesterfield, S43 4GD
Bank
-
Legal Advisor
-
ringtop ltd 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 ringtop ltd.
ringtop ltd Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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ringtop ltdCompanies House Filings - See Documents
