rivertrace limited

2.5

rivertrace limited Company Information

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Company Number

10059284

Registered Address

30-34 north street, hailsham, BN27 1DW

Industry

Activities of head offices

 

Telephone

01737775500

Next Accounts Due

August 2024

Group Structure

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Directors

Michael Coomber8 Years

Jill Coomber7 Years

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Shareholders

michael coomber 46.4%

richard coomber 21.6%

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rivertrace limited Estimated Valuation

£3.2m

Pomanda estimates the enterprise value of RIVERTRACE LIMITED at £3.2m based on a Turnover of £4.5m and 0.71x industry multiple (adjusted for size and gross margin).

rivertrace limited Estimated Valuation

£0

Pomanda estimates the enterprise value of RIVERTRACE LIMITED at £0 based on an EBITDA of £-322.7k and a 4.05x industry multiple (adjusted for size and gross margin).

rivertrace limited Estimated Valuation

£6.6m

Pomanda estimates the enterprise value of RIVERTRACE LIMITED at £6.6m based on Net Assets of £2.7m and 2.44x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from November 2022 

Rivertrace Limited AI Business Plan

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Rivertrace Limited Overview

Rivertrace Limited is a live company located in hailsham, BN27 1DW with a Companies House number of 10059284. It operates in the activities of head offices sector, SIC Code 70100. Founded in March 2016, it's largest shareholder is michael coomber with a 46.3% stake. Rivertrace Limited is a young, small sized company, Pomanda has estimated its turnover at £4.5m with healthy growth in recent years.

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Rivertrace Limited Health Check

Pomanda's financial health check has awarded Rivertrace Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2.5out of 5
positive_score

1 Strong

positive_score

5 Regular

positive_score

6 Weak

size

Size

annual sales of £4.5m, make it smaller than the average company (£19.4m)

£4.5m - Rivertrace Limited

£19.4m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 5%, show it is growing at a faster rate (2.2%)

5% - Rivertrace Limited

2.2% - Industry AVG

production

Production

with a gross margin of 33.1%, this company has a comparable cost of product (33.1%)

33.1% - Rivertrace Limited

33.1% - Industry AVG

profitability

Profitability

an operating margin of -7.7% make it less profitable than the average company (6%)

-7.7% - Rivertrace Limited

6% - Industry AVG

employees

Employees

with 30 employees, this is below the industry average (118)

30 - Rivertrace Limited

118 - Industry AVG

paystructure

Pay Structure

on an average salary of £43.4k, the company has an equivalent pay structure (£43.4k)

£43.4k - Rivertrace Limited

£43.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £151.5k, this is equally as efficient (£175.7k)

£151.5k - Rivertrace Limited

£175.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 56 days, this is near the average (47 days)

56 days - Rivertrace Limited

47 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 39 days, this is quicker than average (47 days)

39 days - Rivertrace Limited

47 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 140 days, this is more than average (49 days)

140 days - Rivertrace Limited

49 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 11 weeks, this is less cash available to meet short term requirements (17 weeks)

11 weeks - Rivertrace Limited

17 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 52.5%, this is a similar level of debt than the average (57.2%)

52.5% - Rivertrace Limited

57.2% - Industry AVG

rivertrace limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Rivertrace Limited Competitor Analysis

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rivertrace limited Ownership

RIVERTRACE LIMITED group structure

Rivertrace Limited has no subsidiary companies.

Ultimate parent company

RIVERTRACE LIMITED

10059284

RIVERTRACE LIMITED Shareholders

michael coomber 46.35%
richard coomber 21.62%
jill coomber 21.62%
martin darren saunders 1.99%
graham north 1.98%
rivertrace limited 1.98%
kevin john bartlett 1.49%
andrew wickenden 1.49%
andrew john hansen 1.49%

rivertrace limited directors

Rivertrace Limited currently has 4 directors. The longest serving directors include Mr Michael Coomber (Mar 2016) and Ms Jill Coomber (Jul 2016).

officercountryagestartendrole
Mr Michael CoomberEngland59 years Mar 2016- Director
Ms Jill CoomberEngland62 years Jul 2016- Director
Mr Martin SaundersEngland50 years Dec 2018- Director
Mr Andrew HansenEngland35 years Sep 2020- Director

RIVERTRACE LIMITED financials

EXPORTms excel logo

Rivertrace Limited's latest turnover from November 2022 is estimated at £4.5 million and the company has net assets of £2.7 million. According to their latest financial statements, Rivertrace Limited has 30 employees and maintains cash reserves of £245.9 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Nov 2022Nov 2021Nov 2020Nov 2019Nov 2018Nov 2017Nov 2016
Turnover4,544,2773,983,9994,135,1343,919,0103,529,2433,466,6213,530,824
Other Income Or Grants0000000
Cost Of Sales3,040,4052,709,5772,805,3462,665,6282,404,5392,370,3482,389,023
Gross Profit1,503,8721,274,4221,329,7881,253,3821,124,7041,096,2721,141,800
Admin Expenses1,853,083423,719385,686369,197417,158614,5371,142,483
Operating Profit-349,211850,703944,102884,185707,546481,735-683
Interest Payable93,6071,5251,5250000
Interest Receivable17,6259687073,2924,6114,7491,424
Pre-Tax Profit-425,193850,146943,284887,477712,157486,484741
Tax0-161,528-179,224-168,621-135,310-92,432-148
Profit After Tax-425,193688,618764,060718,856576,847394,052593
Dividends Paid0000000
Retained Profit-425,193688,618764,060718,856576,847394,052593
Employee Costs1,303,1101,013,0271,173,7901,046,1931,057,937912,332873,240
Number Of Employees30252926272424
EBITDA*-322,737869,422974,844919,350752,911531,84015,015

* Earnings Before Interest, Tax, Depreciation and Amortisation

Nov 2022Nov 2021Nov 2020Nov 2019Nov 2018Nov 2017Nov 2016
Tangible Assets79,05955,60859,639107,646144,019181,461172,674
Intangible Assets0000000
Investments & Other2,941,423300300300300200200
Debtors (Due After 1 year)0000000
Total Fixed Assets3,020,48255,90859,939107,946144,319181,661172,874
Stock & work in progress1,168,639937,342770,661715,970638,661762,152762,963
Trade Debtors698,291755,869721,000776,383649,578674,839669,088
Group Debtors10,000431,479702,780191,5059,90000
Misc Debtors570,5781,021,80777,074100,46135,30649,48176,293
Cash245,876929,1161,006,345408,427469,394760,2781,139,319
misc current assets0000000
total current assets2,693,3844,075,6133,277,8602,192,7461,802,8392,246,7502,647,663
total assets5,713,8664,131,5213,337,7992,300,6921,947,1582,428,4112,820,537
Bank overdraft0000000
Bank loan240,002000000
Trade Creditors 324,964283,531217,618184,722115,988107,422169,510
Group/Directors Accounts0000625,3921,454,9322,234,684
other short term finances0050,0000000
hp & lease commitments0000010,0390
other current liabilities593,623711,133621,942428,136236,949464,036411,895
total current liabilities1,158,589994,664889,560612,858978,3292,036,4292,816,089
loans1,840,160000000
hp & lease commitments0000000
Accruals and Deferred Income0000000
other liabilities0000000
provisions3,453003,6553,6553,6553,655
total long term liabilities1,843,613003,6553,6553,6553,655
total liabilities3,002,202994,664889,560616,513981,9842,040,0842,819,744
net assets2,711,6643,136,8572,448,2391,684,179965,174388,327793
total shareholders funds2,711,6643,136,8572,448,2391,684,179965,174388,327793
Nov 2022Nov 2021Nov 2020Nov 2019Nov 2018Nov 2017Nov 2016
Operating Activities
Operating Profit-349,211850,703944,102884,185707,546481,735-683
Depreciation26,47418,71930,74235,16545,36550,10515,698
Amortisation0000000
Tax0-161,528-179,224-168,621-135,310-92,432-148
Stock231,297166,68154,69177,309-123,491-811762,963
Debtors-930,286708,301432,505373,565-29,536-21,061745,381
Creditors41,43365,91332,89668,7348,566-62,088169,510
Accruals and Deferred Income-117,51089,191193,806191,187-227,08752,141411,895
Deferred Taxes & Provisions3,4530-3,6550003,655
Cash flow from operations303,628-11,984531,471559,776552,107451,333-908,417
Investing Activities
capital expenditure-49,925-14,68817,2651,208-7,923-58,892-188,372
Change in Investments2,941,1230001000200
cash flow from investments-2,991,048-14,68817,2651,208-8,023-58,892-188,572
Financing Activities
Bank loans240,002000000
Group/Directors Accounts000-625,392-829,540-779,7522,234,684
Other Short Term Loans 0-50,00050,0000000
Long term loans1,840,160000000
Hire Purchase and Lease Commitments0000-10,03910,0390
other long term liabilities0000000
share issue0001490-6,518200
interest-75,982-557-8183,2924,6114,7491,424
cash flow from financing2,004,180-50,55749,182-621,951-834,968-771,4822,236,308
cash and cash equivalents
cash-683,240-77,229597,918-60,967-290,884-379,0411,139,319
overdraft0000000
change in cash-683,240-77,229597,918-60,967-290,884-379,0411,139,319

P&L

November 2022

turnover

4.5m

+14%

operating profit

-349.2k

0%

gross margin

33.1%

+3.46%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

November 2022

net assets

2.7m

-0.14%

total assets

5.7m

+0.38%

cash

245.9k

-0.74%

net assets

Total assets minus all liabilities

rivertrace limited company details

company number

10059284

Type

Private limited with Share Capital

industry

70100 - Activities of head offices

incorporation date

March 2016

age

8

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

UK

address

30-34 north street, hailsham, BN27 1DW

last accounts submitted

November 2022

rivertrace 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 1 charges/mortgages relating to rivertrace limited. Currently there are 1 open charges and 0 have been satisfied in the past.

charges

rivertrace limited Companies House Filings - See Documents

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