ridgeway group limited
ridgeway group limited Company Information
Company Number
09592295
Website
www.ridgewaygroup.com.auRegistered Address
church farm church lane, cannock, staffordshire, WS11 1RR
Industry
Raising of poultry
Telephone
-
Next Accounts Due
June 2024
Group Structure
View All
Shareholders
richard gerard heaton corbett 50%
pamela jane corbett 50%
ridgeway group limited Estimated Valuation
Pomanda estimates the enterprise value of RIDGEWAY GROUP LIMITED at £3.9m based on a Turnover of £18.8m and 0.21x industry multiple (adjusted for size and gross margin).
ridgeway group limited Estimated Valuation
Pomanda estimates the enterprise value of RIDGEWAY GROUP LIMITED at £5.4m based on an EBITDA of £1.9m and a 2.8x industry multiple (adjusted for size and gross margin).
ridgeway group limited Estimated Valuation
Pomanda estimates the enterprise value of RIDGEWAY GROUP LIMITED at £19.7m based on Net Assets of £12.8m and 1.55x industry multiple (adjusted for liquidity).
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Ridgeway Group Limited Overview
Ridgeway Group Limited is a live company located in staffordshire, WS11 1RR with a Companies House number of 09592295. It operates in the raising of poultry sector, SIC Code 01470. Founded in May 2015, it's largest shareholder is richard gerard heaton corbett with a 50% stake. Ridgeway Group Limited is a young, mid sized company, Pomanda has estimated its turnover at £18.8m with healthy growth in recent years.
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Ridgeway Group Limited Health Check
Pomanda's financial health check has awarded Ridgeway Group Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
5 Regular
3 Weak
Size
annual sales of £18.8m, make it in line with the average company (£18.2m)
£18.8m - Ridgeway Group Limited
£18.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a faster rate (3.4%)
6% - Ridgeway Group Limited
3.4% - Industry AVG
Production
with a gross margin of 3.1%, this company has a higher cost of product (16.8%)
3.1% - Ridgeway Group Limited
16.8% - Industry AVG
Profitability
an operating margin of -0.5% make it less profitable than the average company (1.9%)
-0.5% - Ridgeway Group Limited
1.9% - Industry AVG
Employees
with 83 employees, this is above the industry average (65)
83 - Ridgeway Group Limited
65 - Industry AVG
Pay Structure
on an average salary of £26.7k, the company has an equivalent pay structure (£29.9k)
£26.7k - Ridgeway Group Limited
£29.9k - Industry AVG
Efficiency
resulting in sales per employee of £226.3k, this is equally as efficient (£259.7k)
£226.3k - Ridgeway Group Limited
£259.7k - Industry AVG
Debtor Days
it gets paid by customers after 24 days, this is near the average (30 days)
24 days - Ridgeway Group Limited
30 days - Industry AVG
Creditor Days
its suppliers are paid after 21 days, this is quicker than average (29 days)
21 days - Ridgeway Group Limited
29 days - Industry AVG
Stock Days
it holds stock equivalent to 13 days, this is less than average (32 days)
13 days - Ridgeway Group Limited
32 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is average cash available to meet short term requirements (6 weeks)
7 weeks - Ridgeway Group Limited
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 30.1%, this is a lower level of debt than the average (52.7%)
30.1% - Ridgeway Group Limited
52.7% - Industry AVG
ridgeway group limited Credit Report and Business Information
Ridgeway Group Limited Competitor Analysis
Perform a competitor analysis for ridgeway group limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
ridgeway group limited Ownership
RIDGEWAY GROUP LIMITED group structure
Ridgeway Group Limited has 1 subsidiary company.
ridgeway group limited directors
Ridgeway Group Limited currently has 2 directors. The longest serving directors include Mr Richard Corbett (May 2015) and Mrs Pamela Corbett (May 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Richard Corbett | England | 70 years | May 2015 | - | Director |
| Mrs Pamela Corbett | 75 years | May 2015 | - | Director |
RIDGEWAY GROUP LIMITED financials
Ridgeway Group Limited's latest turnover from September 2022 is £18.8 million and the company has net assets of £12.8 million. According to their latest financial statements, Ridgeway Group Limited has 83 employees and maintains cash reserves of £335.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Oct 2016 | |
|---|---|---|---|---|---|---|---|
| Turnover | 18,782,821 | 18,425,523 | 15,988,706 | 15,988,078 | 15,461,227 | 14,686,241 | 20,835,107 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 18,199,085 | 17,687,288 | 15,390,779 | 15,341,501 | 14,539,475 | 13,896,574 | 19,145,141 |
| Gross Profit | 583,736 | 738,235 | 597,927 | 646,577 | 921,752 | 789,667 | 1,689,966 |
| Admin Expenses | 687,293 | 510,675 | 424,391 | 492,849 | 739,593 | 699,189 | 622,004 |
| Operating Profit | -103,557 | 227,560 | 173,536 | 153,728 | 182,159 | 90,478 | 1,067,962 |
| Interest Payable | 73,452 | 72,743 | 102,449 | 119,762 | 94,331 | 94,532 | 302,457 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 26,000 | 0 |
| Pre-Tax Profit | -177,009 | 154,817 | 71,087 | 33,966 | 87,828 | 21,946 | 765,505 |
| Tax | 841,345 | 325,771 | -99,581 | -61,871 | -41,522 | 66,456 | -162,419 |
| Profit After Tax | 664,336 | 480,588 | -28,494 | -27,905 | 46,306 | 88,402 | 603,086 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 664,336 | 480,588 | -28,494 | -27,905 | 46,306 | 88,402 | 603,086 |
| Employee Costs | 2,212,863 | 2,252,365 | 1,876,989 | 2,045,507 | 2,048,312 | 1,952,219 | 2,378,176 |
| Number Of Employees | 83 | 82 | 86 | 93 | 83 | 107 | 87 |
| EBITDA* | 1,929,957 | 2,842,609 | 2,266,675 | 2,095,790 | 1,648,542 | 1,554,666 | 3,496,847 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Oct 2016 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 9,090,173 | 11,011,876 | 13,496,850 | 15,559,079 | 17,255,852 | 17,208,228 | 17,248,910 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 9,090,173 | 11,011,876 | 13,496,850 | 15,559,079 | 17,255,852 | 17,208,228 | 17,248,910 |
| Stock & work in progress | 691,321 | 2,164,853 | 2,198,901 | 2,411,714 | 2,276,889 | 2,095,528 | 2,067,567 |
| Trade Debtors | 1,266,819 | 1,321,316 | 908,625 | 1,134,261 | 1,309,002 | 1,173,572 | 1,219,337 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 6,871,452 | 4,448,485 | 3,538,124 | 2,535,072 | 1,868,871 | 482,630 | 3,983,134 |
| Cash | 335,544 | 64,702 | 0 | 0 | 0 | 132,420 | 405,474 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 9,165,136 | 7,999,356 | 6,645,650 | 6,081,047 | 5,454,762 | 3,884,150 | 7,675,512 |
| total assets | 18,255,309 | 19,011,232 | 20,142,500 | 21,640,126 | 22,710,614 | 21,092,378 | 24,924,422 |
| Bank overdraft | 0 | 0 | 118,961 | 890,043 | 696,679 | 358,511 | 0 |
| Bank loan | 564,725 | 512,000 | 512,000 | 0 | 0 | 0 | 1,042,708 |
| Trade Creditors | 1,052,878 | 1,096,075 | 1,098,648 | 1,065,486 | 1,047,321 | 994,081 | 676,477 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 856,969 | 1,136,523 | 1,296,003 | 1,292,143 | 1,344,222 | 1,097,667 | 2,195,287 |
| total current liabilities | 2,474,572 | 2,744,598 | 3,025,612 | 3,247,672 | 3,088,222 | 2,450,259 | 3,914,472 |
| loans | 1,552,941 | 2,027,500 | 2,534,474 | 3,046,474 | 3,558,474 | 2,052,863 | 3,714,766 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 1,475,232 | 2,150,906 | 2,758,555 | 3,346,134 | 3,957,436 | 4,512,234 | 5,196,050 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 216,219 | 363,712 | 442,443 | 459,289 | 569,803 |
| total long term liabilities | 3,028,173 | 4,178,406 | 5,509,248 | 6,756,320 | 7,958,353 | 7,024,386 | 9,480,619 |
| total liabilities | 5,502,745 | 6,923,004 | 8,534,860 | 10,003,992 | 11,046,575 | 9,474,645 | 13,395,091 |
| net assets | 12,752,564 | 12,088,228 | 11,607,640 | 11,636,134 | 11,664,039 | 11,617,733 | 11,529,331 |
| total shareholders funds | 12,752,564 | 12,088,228 | 11,607,640 | 11,636,134 | 11,664,039 | 11,617,733 | 11,529,331 |
| Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Oct 2016 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | -103,557 | 227,560 | 173,536 | 153,728 | 182,159 | 90,478 | 1,067,962 |
| Depreciation | 2,033,514 | 2,615,049 | 2,093,139 | 1,942,062 | 1,466,383 | 1,464,188 | 2,428,885 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 841,345 | 325,771 | -99,581 | -61,871 | -41,522 | 66,456 | -162,419 |
| Stock | -1,473,532 | -34,048 | -212,813 | 134,825 | 181,361 | 27,961 | 2,067,567 |
| Debtors | 2,368,470 | 1,323,052 | 777,416 | 491,460 | 1,521,671 | -3,546,269 | 5,202,471 |
| Creditors | -43,197 | -2,573 | 33,162 | 18,165 | 53,240 | 317,604 | 676,477 |
| Accruals and Deferred Income | -955,228 | -767,129 | -583,719 | -663,381 | -308,243 | -1,781,436 | 7,391,337 |
| Deferred Taxes & Provisions | 0 | -216,219 | -147,493 | -78,731 | -16,846 | -110,514 | 569,803 |
| Cash flow from operations | 877,939 | 893,455 | 904,441 | 683,687 | -367,861 | 3,565,084 | 4,702,007 |
| Investing Activities | |||||||
| capital expenditure | 0 | 0 | 0 | 0 | -1,709,316 | -1,439,583 | -1,687,785 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | -1,709,316 | -1,439,583 | -1,687,785 |
| Financing Activities | |||||||
| Bank loans | 52,725 | 0 | 512,000 | 0 | 0 | -1,042,708 | 1,042,708 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -474,559 | -506,974 | -512,000 | -512,000 | 1,505,611 | -1,661,903 | 3,714,766 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | -73,452 | -72,743 | -102,449 | -119,762 | -94,331 | -68,532 | -302,457 |
| cash flow from financing | -495,286 | -579,717 | -102,449 | -631,762 | 1,411,280 | -2,773,143 | 15,381,262 |
| cash and cash equivalents | |||||||
| cash | 270,842 | 64,702 | 0 | 0 | -132,420 | -273,054 | 405,474 |
| overdraft | 0 | -118,961 | -771,082 | 193,364 | 338,168 | 358,511 | 0 |
| change in cash | 270,842 | 183,663 | 771,082 | -193,364 | -470,588 | -631,565 | 405,474 |
P&L
September 2022turnover
18.8m
+2%
operating profit
-103.6k
-146%
gross margin
3.2%
-22.43%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2022net assets
12.8m
+0.05%
total assets
18.3m
-0.04%
cash
335.5k
+4.19%
net assets
Total assets minus all liabilities
ridgeway group limited company details
company number
09592295
Type
Private limited with Share Capital
industry
01470 - Raising of poultry
incorporation date
May 2015
age
9
accounts
Group
ultimate parent company
previous names
N/A
incorporated
UK
address
church farm church lane, cannock, staffordshire, WS11 1RR
last accounts submitted
September 2022
ridgeway group 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 ridgeway group limited.
ridgeway group limited Companies House Filings - See Documents
| date | description | view/download |
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