Pomanda estimates the enterprise value of RIDBA LTD at £24k based on a Turnover of £35.1k and 0.68x industry multiple (adjusted for size and gross margin).
ridba ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of RIDBA LTD at £0 based on an EBITDA of £-255 and a 3.38x industry multiple (adjusted for size and gross margin).
ridba ltdEstimated Valuation
£437.4k
Pomanda estimates the enterprise value of RIDBA LTD at £437.4k based on Net Assets of £178.7k and 2.45x industry multiple (adjusted for liquidity).
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Ridba LtdOverview
Ridba Ltd is a live company located in eye, IP23 8HH with a Companies House number of 09796729. It operates in the activities of business and employers membership organizations sector, SIC Code 94110. Founded in September 2015, it's largest shareholder is
unknown.
Ridba Ltd is a established,
micro sized company, Pomanda has estimated its turnover at
£35.1k with
declining
growth in recent years.
Pomanda's financial health check has awarded Ridba Ltd a 3.5 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
Health Rating3.5out of 5
3 Strong
2 Regular
7 Weak
Size
annual sales of £35.1k, make it smaller than the average company (£1.2m)
£35.1k - Ridba Ltd
£1.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -27%, show it is growing at a slower rate (2.2%)
-27% - Ridba Ltd
2.2% - Industry AVG
Production
with a gross margin of 75.3%, this company has a comparable cost of product (75.3%)
75.3% - Ridba Ltd
75.3% - Industry AVG
Profitability
an operating margin of -0.7% make it less profitable than the average company (1.5%)
-0.7% - Ridba Ltd
1.5% - Industry AVG
Employees
with 1 employees, this is below the industry average (15)
1 - Ridba Ltd
15 - Industry AVG
Pay Structure
on an average salary of £47.4k, the company has an equivalent pay structure (£47.4k)
£47.4k - Ridba Ltd
£47.4k - Industry AVG
Efficiency
resulting in sales per employee of £35.1k, this is less efficient (£108k)
£35.1k - Ridba Ltd
£108k - Industry AVG
Debtor Days
it gets paid by customers after 46 days, this is later than average (38 days)
46 days - Ridba Ltd
38 days - Industry AVG
Creditor Days
its suppliers are paid after 118 days, this is slower than average (49 days)
118 days - Ridba Ltd
49 days - Industry AVG
Stock Days
it holds stock equivalent to 23 days, this is more than average (19 days)
23 days - Ridba Ltd
19 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 707 weeks, this is more cash available to meet short term requirements (68 weeks)
707 weeks - Ridba Ltd
68 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 6.9%, this is a lower level of debt than the average (43.5%)
6.9% - Ridba Ltd
43.5% - Industry AVG
RIDBA LTD financials
EXPORT
Ridba Ltd's latest turnover from September 2023 is estimated at £35.1 thousand and the company has net assets of £178.7 thousand. According to their latest financial statements, we estimate that Ridba Ltd has 1 employee and maintains cash reserves of £179.7 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Sep 2016
Turnover
35,051
74,747
73,805
88,614
179,353
91,565
70,399
690,626
Other Income Or Grants
Cost Of Sales
8,673
16,700
14,640
27,472
59,184
30,315
23,678
230,270
Gross Profit
26,378
58,048
59,165
61,142
120,169
61,250
46,721
460,357
Admin Expenses
26,633
8,921
41,111
62,149
118,554
62,338
45,163
320,188
Operating Profit
-255
49,127
18,054
-1,007
1,615
-1,088
1,558
140,169
Interest Payable
Interest Receivable
9,032
3,545
144
121
854
920
287
134
Pre-Tax Profit
8,777
52,672
18,199
-886
2,469
-168
1,846
140,304
Tax
-2,194
-10,008
-3,458
-469
-351
-28,061
Profit After Tax
6,583
42,664
14,741
-886
2,000
-168
1,495
112,243
Dividends Paid
Retained Profit
6,583
42,664
14,741
-886
2,000
-168
1,495
112,243
Employee Costs
47,364
45,125
43,503
43,360
86,074
42,874
42,121
559,178
Number Of Employees
1
1
1
1
2
1
1
13
EBITDA*
-255
49,127
18,054
-1,007
1,615
-1,088
1,558
140,169
* Earnings Before Interest, Tax, Depreciation and Amortisation
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Sep 2016
Tangible Assets
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
Stock & work in progress
560
944
1,008
924
553
Trade Debtors
4,481
8,851
7,897
9,540
22,456
10,270
7,360
14,797
Group Debtors
Misc Debtors
7,121
4,441
13,400
8,233
10,152
11,240
2,348
1,688
Cash
179,709
164,384
150,721
137,857
104,841
122,918
122,284
107,501
misc current assets
total current assets
191,871
178,620
173,026
156,554
138,002
144,428
131,992
123,986
total assets
191,871
178,620
173,026
156,554
138,002
144,428
131,992
123,986
Bank overdraft
Bank loan
Trade Creditors
2,807
568
28,665
29,782
7,009
12,838
1,997
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
10,392
5,963
14,936
12,088
15,423
18,020
18,254
9,746
total current liabilities
13,199
6,531
43,601
41,870
22,432
30,858
18,254
11,743
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
13,199
6,531
43,601
41,870
22,432
30,858
18,254
11,743
net assets
178,672
172,089
129,425
114,684
115,570
113,570
113,738
112,243
total shareholders funds
178,672
172,089
129,425
114,684
115,570
113,570
113,738
112,243
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Sep 2016
Operating Activities
Operating Profit
-255
49,127
18,054
-1,007
1,615
-1,088
1,558
140,169
Depreciation
Amortisation
Tax
-2,194
-10,008
-3,458
-469
-351
-28,061
Stock
-384
-64
84
371
553
Debtors
-1,690
-8,005
3,524
-14,835
11,098
11,802
-6,777
16,485
Creditors
2,239
-28,097
-1,117
22,773
-5,829
12,838
-1,997
1,997
Accruals and Deferred Income
4,429
-8,973
2,848
-3,335
-2,597
-234
8,508
9,746
Deferred Taxes & Provisions
Cash flow from operations
6,293
10,118
12,719
32,895
-18,931
-286
14,495
107,366
Investing Activities
capital expenditure
Change in Investments
cash flow from investments
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
interest
9,032
3,545
144
121
854
920
287
134
cash flow from financing
9,032
3,545
144
121
854
920
287
134
cash and cash equivalents
cash
15,325
13,663
12,864
33,016
-18,077
634
14,783
107,501
overdraft
change in cash
15,325
13,663
12,864
33,016
-18,077
634
14,783
107,501
ridba 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 ridba ltd. Get real-time insights into ridba ltd's credit score, group structure and payment trends.
Perform a competitor analysis for ridba ltd by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other micro companies, companies in IP23 area or any other competitors across 12 key performance metrics.
ridba ltd Ownership
RIDBA LTD group structure
Ridba Ltd has no subsidiary companies.
Ultimate parent company
RIDBA LTD
09796729
RIDBA LTD Shareholders
The sole shareholder of Ridba Ltd is -.
-
-
ridba ltd directors
Ridba Ltd currently has 5 directors.
The longest serving directors include
Mr Philip Cleaver (Jul 2018) and
Mr Antony Lowther (Oct 2019).
94110 - Activities of business and employers membership organisations
incorporation date
September 2015
age
10
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
September 2023
previous names
N/A
accountant
-
auditor
-
address
10b red house yard, gislingham road, eye, suffolk, IP23 8HH
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
ridba 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 ridba ltd.
ridba ltd Capital Raised & Share Issues BETA
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