ready mix specialists limited
ready mix specialists limited Company Information
Company Number
09701617
Website
rmsconcrete.co.ukRegistered Address
6th floor 2 london wall place, london, EC2Y 5AU
Industry
Manufacture of ready-mixed concrete
Telephone
-
Next Accounts Due
April 2025
Group Structure
View All
Directors
Paul Lamont9 Years
Shareholders
ready mix holdings limited 100%
ready mix specialists limited Estimated Valuation
Pomanda estimates the enterprise value of READY MIX SPECIALISTS LIMITED at £10.4m based on a Turnover of £16.2m and 0.64x industry multiple (adjusted for size and gross margin).
ready mix specialists limited Estimated Valuation
Pomanda estimates the enterprise value of READY MIX SPECIALISTS LIMITED at £9.3m based on an EBITDA of £2.8m and a 3.3x industry multiple (adjusted for size and gross margin).
ready mix specialists limited Estimated Valuation
Pomanda estimates the enterprise value of READY MIX SPECIALISTS LIMITED at £11.5m based on Net Assets of £5.8m and 1.97x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Ready Mix Specialists Limited Overview
Ready Mix Specialists Limited is a live company located in london, EC2Y 5AU with a Companies House number of 09701617. It operates in the manufacture of ready-mixed concrete sector, SIC Code 23630. Founded in July 2015, it's largest shareholder is ready mix holdings limited with a 100% stake. Ready Mix Specialists Limited is a young, mid sized company, Pomanda has estimated its turnover at £16.2m with high growth in recent years.
Upgrade for unlimited company reports & a free credit check
Ready Mix Specialists Limited Health Check
Pomanda's financial health check has awarded Ready Mix Specialists Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs
5 Strong
4 Regular
2 Weak
Size
annual sales of £16.2m, make it in line with the average company (£16.7m)
£16.2m - Ready Mix Specialists Limited
£16.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (9.8%)
- Ready Mix Specialists Limited
9.8% - Industry AVG
Production
with a gross margin of 21.3%, this company has a comparable cost of product (18.5%)
21.3% - Ready Mix Specialists Limited
18.5% - Industry AVG
Profitability
an operating margin of 13.9% make it more profitable than the average company (3.8%)
13.9% - Ready Mix Specialists Limited
3.8% - Industry AVG
Employees
with 33 employees, this is below the industry average (48)
33 - Ready Mix Specialists Limited
48 - Industry AVG
Pay Structure
on an average salary of £34.2k, the company has a lower pay structure (£43.6k)
£34.2k - Ready Mix Specialists Limited
£43.6k - Industry AVG
Efficiency
resulting in sales per employee of £492.3k, this is more efficient (£337.4k)
£492.3k - Ready Mix Specialists Limited
£337.4k - Industry AVG
Debtor Days
it gets paid by customers after 51 days, this is near the average (57 days)
51 days - Ready Mix Specialists Limited
57 days - Industry AVG
Creditor Days
its suppliers are paid after 54 days, this is close to average (51 days)
54 days - Ready Mix Specialists Limited
51 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Ready Mix Specialists Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (10 weeks)
4 weeks - Ready Mix Specialists Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 46.3%, this is a lower level of debt than the average (57.9%)
46.3% - Ready Mix Specialists Limited
57.9% - Industry AVG
READY MIX SPECIALISTS LIMITED financials
Ready Mix Specialists Limited's latest turnover from July 2023 is £16.2 million and the company has net assets of £5.8 million. According to their latest financial statements, Ready Mix Specialists Limited has 33 employees and maintains cash reserves of £354.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 16,244,612 | 12,331,269 | ||||||
| Other Income Or Grants | 0 | 0 | ||||||
| Cost Of Sales | 12,777,294 | 8,872,215 | ||||||
| Gross Profit | 3,467,318 | 3,459,054 | ||||||
| Admin Expenses | 1,214,088 | 989,696 | ||||||
| Operating Profit | 2,253,230 | 2,469,358 | ||||||
| Interest Payable | 42,889 | 6,819 | ||||||
| Interest Receivable | 0 | 156 | ||||||
| Pre-Tax Profit | 2,210,341 | 2,462,695 | ||||||
| Tax | -505,430 | -506,390 | ||||||
| Profit After Tax | 1,704,911 | 1,956,305 | ||||||
| Dividends Paid | 0 | 0 | ||||||
| Retained Profit | 1,704,911 | 1,956,305 | ||||||
| Employee Costs | 1,130,220 | 1,162,161 | ||||||
| Number Of Employees | 33 | 32 | 28 | 29 | 21 | 18 | 17 | 12 |
| EBITDA* | 2,813,147 | 2,863,764 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,471,327 | 1,864,043 | 1,708,874 | 1,797,390 | 1,602,366 | 1,428,351 | 1,528,399 | 434,581 |
| Intangible Assets | 0 | 0 | 0 | 0 | 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 | 2,471,327 | 1,864,043 | 1,708,874 | 1,797,390 | 1,602,366 | 1,428,351 | 1,528,399 | 434,581 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 2,313,080 | 2,304,478 | 1,617,065 | 1,482,957 | 1,225,856 | 1,042,932 | 796,055 | 592,432 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 5,728,409 | 2,532,646 | 1,380,154 | 658,687 | 428,137 | 413,385 | 23,458 | 0 |
| Cash | 354,162 | 1,134,564 | 401,251 | 581,373 | 372,227 | 248,290 | 223,671 | 161,908 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 8,395,651 | 5,971,688 | 3,398,470 | 2,723,017 | 2,026,220 | 1,704,607 | 1,043,184 | 754,340 |
| total assets | 10,866,978 | 7,835,731 | 5,107,344 | 4,520,407 | 3,628,586 | 3,132,958 | 2,571,583 | 1,188,921 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,920,326 | 1,986,138 | 1,284,038 | 1,481,577 | 906,398 | 867,534 | 874,442 | 730,407 |
| 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 | 518,363 | 150,123 | 234,351 | 251,613 | 307,566 | 195,508 | 198,200 | 44,335 |
| other current liabilities | 1,658,510 | 1,071,154 | 1,200,086 | 836,184 | 670,716 | 736,911 | 512,613 | 113,613 |
| total current liabilities | 4,097,199 | 3,207,415 | 2,718,475 | 2,569,374 | 1,884,680 | 1,799,953 | 1,585,255 | 888,355 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 473,106 | 194,496 | 28,904 | 123,857 | 195,701 | 269,002 | 260,524 | 88,669 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 458,408 | 300,466 | 182,916 | 181,740 | 114,216 | 46,189 | 0 | 0 |
| total long term liabilities | 931,514 | 494,962 | 211,820 | 305,597 | 309,917 | 315,191 | 260,524 | 88,669 |
| total liabilities | 5,028,713 | 3,702,377 | 2,930,295 | 2,874,971 | 2,194,597 | 2,115,144 | 1,845,779 | 977,024 |
| net assets | 5,838,265 | 4,133,354 | 2,177,049 | 1,645,436 | 1,433,989 | 1,017,814 | 725,804 | 211,897 |
| total shareholders funds | 5,838,265 | 4,133,354 | 2,177,049 | 1,645,436 | 1,433,989 | 1,017,814 | 725,804 | 211,897 |
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 2,253,230 | 2,469,358 | ||||||
| Depreciation | 559,917 | 394,406 | 447,736 | 236,098 | 358,594 | 368,715 | 242,090 | 79,757 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -505,430 | -506,390 | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 3,204,365 | 1,839,905 | 855,575 | 487,651 | 197,676 | 636,804 | 227,081 | 592,432 |
| Creditors | -65,812 | 702,100 | -197,539 | 575,179 | 38,864 | -6,908 | 144,035 | 730,407 |
| Accruals and Deferred Income | 587,356 | -128,932 | 363,902 | 165,468 | -66,195 | 224,298 | 399,000 | 113,613 |
| Deferred Taxes & Provisions | 157,942 | 117,550 | 1,176 | 67,524 | 68,027 | 46,189 | 0 | 0 |
| Cash flow from operations | -217,162 | 1,208,187 | ||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| 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 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 646,850 | 81,364 | -112,215 | -127,797 | 38,757 | 5,786 | 325,720 | 133,004 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | -42,889 | -6,663 | ||||||
| cash flow from financing | 603,961 | 74,701 | ||||||
| cash and cash equivalents | ||||||||
| cash | -780,402 | 733,313 | -180,122 | 209,146 | 123,937 | 24,619 | 61,763 | 161,908 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -780,402 | 733,313 | -180,122 | 209,146 | 123,937 | 24,619 | 61,763 | 161,908 |
ready mix specialists limited Credit Report and Business Information
Ready Mix Specialists Limited Competitor Analysis
Perform a competitor analysis for ready mix specialists limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in EC2Y area or any other competitors across 12 key performance metrics.
ready mix specialists limited Ownership
READY MIX SPECIALISTS LIMITED group structure
Ready Mix Specialists Limited has no subsidiary companies.
Ultimate parent company
READY MIX SPECIALISTS LIMITED
09701617
ready mix specialists limited directors
Ready Mix Specialists Limited currently has 1 director, Mr Paul Lamont serving since Jul 2015.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paul Lamont | United Kingdom | 58 years | Jul 2015 | - | Director |
P&L
July 2023turnover
16.2m
+32%
operating profit
2.3m
-9%
gross margin
21.4%
-23.91%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
5.8m
+0.41%
total assets
10.9m
+0.39%
cash
354.2k
-0.69%
net assets
Total assets minus all liabilities
Similar Companies
ready mix specialists limited company details
company number
09701617
Type
Private limited with Share Capital
industry
23630 - Manufacture of ready-mixed concrete
incorporation date
July 2015
age
9
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
N/A
last accounts submitted
July 2023
address
6th floor 2 london wall place, london, EC2Y 5AU
accountant
-
auditor
MHA
ready mix specialists 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 ready mix specialists limited. Currently there are 2 open charges and 0 have been satisfied in the past.
ready mix specialists limited Companies House Filings - See Documents
| date | description | view/download |
|---|
