Pomanda estimates the enterprise value of RONNEX DISTRIBUTION LIMITED at £3.6m based on a Turnover of £9.3m and 0.39x industry multiple (adjusted for size and gross margin).
ronnex distribution limitedEstimated Valuation
£4.1m
Pomanda estimates the enterprise value of RONNEX DISTRIBUTION LIMITED at £4.1m based on an EBITDA of £790.8k and a 5.13x industry multiple (adjusted for size and gross margin).
ronnex distribution limitedEstimated Valuation
£3.2m
Pomanda estimates the enterprise value of RONNEX DISTRIBUTION LIMITED at £3.2m based on Net Assets of £1.5m and 2.05x industry multiple (adjusted for liquidity).
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Ronnex Distribution LimitedOverview
Ronnex Distribution Limited is a live company located in birmingham, B1 3HS with a Companies House number of 09800163. It operates in the wholesale of other food, including fish, crustaceans and molluscs sector, SIC Code 46380. Founded in September 2015, it's largest shareholder is
mohammed ajaib
with a 100% stake. Ronnex Distribution Limited is a established,
mid sized company, Pomanda has estimated its turnover at
£9.3m with
high
growth in recent years.
Pomanda's financial health check has awarded Ronnex Distribution Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 3 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
8 Strong
1 Regular
3 Weak
Size
annual sales of £9.3m, make it smaller than the average company (£24.9m)
£9.3m - Ronnex Distribution Limited
£24.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (0.5%)
17% - Ronnex Distribution Limited
0.5% - Industry AVG
Production
with a gross margin of 17.5%, this company has a lower cost of product (13.8%)
17.5% - Ronnex Distribution Limited
13.8% - Industry AVG
Profitability
an operating margin of 6.8% make it more profitable than the average company (3.7%)
6.8% - Ronnex Distribution Limited
3.7% - Industry AVG
Employees
with 19 employees, this is below the industry average (40)
19 - Ronnex Distribution Limited
40 - Industry AVG
Pay Structure
on an average salary of £28.4k, the company has a lower pay structure (£39.9k)
£28.4k - Ronnex Distribution Limited
£39.9k - Industry AVG
Efficiency
resulting in sales per employee of £489.3k, this is equally as efficient (£552.1k)
£489.3k - Ronnex Distribution Limited
£552.1k - Industry AVG
Debtor Days
it gets paid by customers after 16 days, this is earlier than average (44 days)
16 days - Ronnex Distribution Limited
44 days - Industry AVG
Creditor Days
its suppliers are paid after 15 days, this is quicker than average (35 days)
15 days - Ronnex Distribution Limited
35 days - Industry AVG
Stock Days
it holds stock equivalent to 16 days, this is less than average (44 days)
16 days - Ronnex Distribution Limited
44 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 69 weeks, this is more cash available to meet short term requirements (9 weeks)
69 weeks - Ronnex Distribution Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 22.7%, this is a lower level of debt than the average (62.3%)
22.7% - Ronnex Distribution Limited
62.3% - Industry AVG
RONNEX DISTRIBUTION LIMITED financials
EXPORT
Ronnex Distribution Limited's latest turnover from March 2022 is £9.3 million and the company has net assets of £1.5 million. According to their latest financial statements, Ronnex Distribution Limited has 19 employees and maintains cash reserves of £606.2 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2022
Mar 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Sep 2016
Turnover
9,296,372
4,421,569
8,192,548
5,744,814
1,000,241
16,448
25,037
Other Income Or Grants
Cost Of Sales
7,668,084
3,664,552
6,768,249
4,823,636
861,280
14,305
21,903
Gross Profit
1,628,288
757,017
1,424,299
921,178
138,961
2,144
3,133
Admin Expenses
993,634
480,456
843,649
432,549
136,207
629
4,089
Operating Profit
634,654
276,561
580,650
488,629
2,754
1,515
-956
Interest Payable
4,999
2,633
5,478
6,521
Interest Receivable
42
9
Pre-Tax Profit
629,655
273,928
575,172
482,108
2,754
1,525
-956
Tax
-119,634
-78,220
-184,751
-44,361
-638
-290
Profit After Tax
510,021
195,708
390,421
437,747
2,116
1,235
-956
Dividends Paid
Retained Profit
510,021
195,708
390,421
437,747
2,116
1,235
-956
Employee Costs
539,838
234,818
353,979
241,907
105,981
32,531
32,152
Number Of Employees
19
15
15
9
4
1
1
EBITDA*
790,776
414,317
742,715
544,398
3,178
2,031
-326
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2022
Mar 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Sep 2016
Tangible Assets
624,492
780,614
918,370
250,561
1,930
2,354
2,870
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
624,492
780,614
918,370
250,561
1,930
2,354
2,870
Stock & work in progress
346,604
158,472
458,574
41,147
2,700
6,040
2,326
Trade Debtors
411,205
378,084
305,114
344,795
10,421
262
177
Group Debtors
Misc Debtors
Cash
606,203
164,582
95,147
51,931
3,691
7,505
misc current assets
total current assets
1,364,012
701,138
858,835
437,873
16,812
13,807
2,503
total assets
1,988,504
1,481,752
1,777,205
688,434
18,742
16,161
5,373
Bank overdraft
111,244
125,951
140,658
15,000
Bank loan
Trade Creditors
322,201
251,863
611,410
38,953
281
782
6,229
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
129,811
92,174
209,081
68,481
total current liabilities
452,012
455,281
946,442
248,092
16,247
782
6,229
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
15,000
15,000
provisions
total long term liabilities
15,000
total liabilities
452,012
455,281
946,442
248,092
16,247
15,782
6,229
net assets
1,536,492
1,026,471
830,763
440,342
2,495
379
-856
total shareholders funds
1,536,492
1,026,471
830,763
440,342
2,495
379
-856
Mar 2022
Mar 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Sep 2016
Operating Activities
Operating Profit
634,654
276,561
580,650
488,629
2,754
1,515
-956
Depreciation
156,122
137,756
162,065
55,769
424
516
630
Amortisation
Tax
-119,634
-78,220
-184,751
-44,361
-638
-290
Stock
188,132
-300,102
417,427
38,447
-3,340
3,714
2,326
Debtors
33,121
72,970
-39,681
327,983
16,550
85
177
Creditors
70,338
-359,547
572,457
38,672
-501
-5,447
6,229
Accruals and Deferred Income
37,637
-116,907
140,600
68,481
Deferred Taxes & Provisions
Cash flow from operations
557,864
86,775
893,275
240,760
-11,171
-7,505
3,400
Investing Activities
capital expenditure
-829,874
-304,400
-3,500
Change in Investments
cash flow from investments
-829,874
-304,400
-3,500
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
-15,000
15,000
share issue
100
100
interest
-4,999
-2,633
-5,478
-6,521
42
9
cash flow from financing
-4,999
-2,633
-5,478
-21,421
42
15,009
100
cash and cash equivalents
cash
441,621
69,435
43,216
48,240
-3,814
7,505
overdraft
-111,244
-14,707
-14,707
125,658
15,000
change in cash
552,865
84,142
57,923
-77,418
-18,814
7,505
ronnex distribution limited 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 ronnex distribution limited. Get real-time insights into ronnex distribution limited's credit score, group structure and payment trends.
Perform a competitor analysis for ronnex distribution 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 B 1 area or any other competitors across 12 key performance metrics.
ronnex distribution limited Ownership
RONNEX DISTRIBUTION LIMITED group structure
Ronnex Distribution Limited has no subsidiary companies.
Ultimate parent company
RONNEX DISTRIBUTION LIMITED
09800163
RONNEX DISTRIBUTION LIMITED Shareholders
The sole shareholder of Ronnex Distribution Limited is Mohammed Ajaib.
mohammed ajaib
100%
ronnex distribution limited directors
Ronnex Distribution Limited currently has 1 director, Mr Tanvez Ali serving since Apr 2019.
46380 - Wholesale of other food, including fish, crustaceans and molluscs
incorporation date
September 2015
age
10
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
March 2022
previous names
k t desi mirpuri masala ltd (September 2019)
accountant
-
auditor
-
address
the argent centre unit 201c, 60 frederick street, birmingham, B1 3HS
Bank
-
Legal Advisor
-
ronnex distribution 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 ronnex distribution limited.
ronnex distribution limited Capital Raised & Share Issues BETA
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ronnex distribution limitedCompanies House Filings - See Documents
