ring of security limited
ring of security limited Company Information
Company Number
10082616
Next Accounts
Sep 2025
Shareholders
ring llc
Group Structure
View All
Industry
Other business support service activities n.e.c.
Registered Address
1 principal place, worship street, london, EC2A 2FA
Website
en-uk.ring.comring of security limited Estimated Valuation
Pomanda estimates the enterprise value of RING OF SECURITY LIMITED at £1.7m based on a Turnover of £3m and 0.58x industry multiple (adjusted for size and gross margin).
ring of security limited Estimated Valuation
Pomanda estimates the enterprise value of RING OF SECURITY LIMITED at £626k based on an EBITDA of £146.9k and a 4.26x industry multiple (adjusted for size and gross margin).
ring of security limited Estimated Valuation
Pomanda estimates the enterprise value of RING OF SECURITY LIMITED at £8m based on Net Assets of £3.7m and 2.13x industry multiple (adjusted for liquidity).
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Ring Of Security Limited Overview
Ring Of Security Limited is a live company located in london, EC2A 2FA with a Companies House number of 10082616. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in March 2016, it's largest shareholder is ring llc with a 100% stake. Ring Of Security Limited is a young, small sized company, Pomanda has estimated its turnover at £3m with high growth in recent years.
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Ring Of Security Limited Health Check
Pomanda's financial health check has awarded Ring Of Security Limited a 2 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
1 Strong
3 Regular
6 Weak
Size
annual sales of £3m, make it smaller than the average company (£4.8m)
£3m - Ring Of Security Limited
£4.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (6.7%)
17% - Ring Of Security Limited
6.7% - Industry AVG
Production
with a gross margin of 38.2%, this company has a comparable cost of product (38.2%)
38.2% - Ring Of Security Limited
38.2% - Industry AVG
Profitability
an operating margin of 4.8% make it as profitable than the average company (5.7%)
4.8% - Ring Of Security Limited
5.7% - Industry AVG
Employees
with 20 employees, this is below the industry average (27)
20 - Ring Of Security Limited
27 - Industry AVG
Pay Structure
on an average salary of £117.1k, the company has a higher pay structure (£53.9k)
£117.1k - Ring Of Security Limited
£53.9k - Industry AVG
Efficiency
resulting in sales per employee of £149k, this is equally as efficient (£171.3k)
£149k - Ring Of Security Limited
£171.3k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Ring Of Security Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (32 days)
0 days - Ring Of Security Limited
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Ring Of Security Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (22 weeks)
0 weeks - Ring Of Security Limited
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 76.4%, this is a higher level of debt than the average (62.6%)
76.4% - Ring Of Security Limited
62.6% - Industry AVG
RING OF SECURITY LIMITED financials
Ring Of Security Limited's latest turnover from December 2023 is £3 million and the company has net assets of £3.7 million. According to their latest financial statements, Ring Of Security Limited has 20 employees and maintains cash reserves of £3 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 2,979,739 | 3,602,300 | 1,711,635 | 1,861,940 | 947,502 | 813,795 | 425,709 | |
| Other Income Or Grants | ||||||||
| Cost Of Sales | ||||||||
| Gross Profit | ||||||||
| Admin Expenses | ||||||||
| Operating Profit | 141,929 | 172,100 | 174,747 | 654,927 | -242,081 | -98,658 | 20,273 | |
| Interest Payable | 19 | 27 | ||||||
| Interest Receivable | 940,735 | 171,417 | 3,180 | 1,240 | 762 | 37 | ||
| Pre-Tax Profit | 1,082,645 | 343,490 | 177,927 | 656,167 | -241,319 | -98,658 | 20,310 | |
| Tax | -112,001 | 70,942 | 16,677 | -116,790 | 17,343 | 15,356 | -3,909 | |
| Profit After Tax | 970,644 | 414,432 | 194,604 | 539,377 | -223,976 | -83,302 | 16,401 | |
| Dividends Paid | ||||||||
| Retained Profit | 970,644 | 414,432 | 194,604 | 539,377 | -223,976 | -83,302 | 16,401 | |
| Employee Costs | 2,342,647 | 2,833,324 | 1,426,901 | 1,132,770 | 1,021,877 | 780,869 | 293,501 | |
| Number Of Employees | 20 | 20 | 12 | 8 | 7 | 5 | 3 | 3 |
| EBITDA* | 146,891 | 175,147 | 176,618 | 654,927 | -242,081 | -98,658 | 20,273 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 8,750 | 11,627 | 8,208 | |||||
| Intangible Assets | ||||||||
| Investments & Other | ||||||||
| Debtors (Due After 1 year) | 152,004 | 123,769 | 52,827 | 36,150 | 41,030 | 23,687 | ||
| Total Fixed Assets | 160,754 | 135,396 | 61,035 | 36,150 | 41,030 | 23,687 | ||
| Stock & work in progress | ||||||||
| Trade Debtors | ||||||||
| Group Debtors | 15,645,587 | 11,588,480 | 6,187,212 | 4,332,423 | 7,549 | |||
| Misc Debtors | 30,036 | 59,359 | 44,003 | 25,273 | 12,849 | 4,761 | 4,077 | 12,747 |
| Cash | 3 | 2,683,584 | 1,585,653 | 96,081 | 165,869 | |||
| misc current assets | ||||||||
| total current assets | 15,675,626 | 11,647,839 | 6,231,215 | 4,357,696 | 2,703,982 | 1,590,414 | 100,158 | 178,616 |
| total assets | 15,836,380 | 11,783,235 | 6,292,250 | 4,393,846 | 2,745,012 | 1,614,101 | 100,158 | 178,616 |
| Bank overdraft | 591 | 324 | ||||||
| Bank loan | ||||||||
| Trade Creditors | 3,386 | 115,228 | 30,647 | 2,264 | 2,670 | 3,231 | 8,404 | 4,069 |
| Group/Directors Accounts | 11,716,439 | 9,148,797 | 4,920,698 | 3,467,187 | 2,479,860 | 1,435,819 | 43,816 | 140,402 |
| other short term finances | ||||||||
| hp & lease commitments | ||||||||
| other current liabilities | 378,748 | 179,030 | 82,514 | 78,737 | 120,182 | 95,205 | 22,200 | 24,808 |
| total current liabilities | 12,098,573 | 9,443,055 | 5,034,450 | 3,548,512 | 2,602,712 | 1,534,255 | 74,420 | 169,279 |
| loans | ||||||||
| hp & lease commitments | ||||||||
| Accruals and Deferred Income | ||||||||
| other liabilities | ||||||||
| provisions | ||||||||
| total long term liabilities | ||||||||
| total liabilities | 12,098,573 | 9,443,055 | 5,034,450 | 3,548,512 | 2,602,712 | 1,534,255 | 74,420 | 169,279 |
| net assets | 3,737,807 | 2,340,180 | 1,257,800 | 845,334 | 142,300 | 79,846 | 25,738 | 9,337 |
| total shareholders funds | 3,737,807 | 2,340,180 | 1,257,800 | 845,334 | 142,300 | 79,846 | 25,738 | 9,337 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 141,929 | 172,100 | 174,747 | 654,927 | -242,081 | -98,658 | 20,273 | |
| Depreciation | 4,962 | 3,047 | 1,871 | |||||
| Amortisation | ||||||||
| Tax | -112,001 | 70,942 | 16,677 | -116,790 | 17,343 | 15,356 | -3,909 | |
| Stock | ||||||||
| Debtors | 4,056,019 | 5,487,566 | 1,890,196 | 4,332,418 | 32,980 | 24,371 | -8,670 | 12,747 |
| Creditors | -111,842 | 84,581 | 28,383 | -406 | -561 | -5,173 | 4,335 | 4,069 |
| Accruals and Deferred Income | 199,718 | 96,516 | 3,777 | -41,445 | 24,977 | 73,005 | -2,608 | 24,808 |
| Deferred Taxes & Provisions | ||||||||
| Cash flow from operations | -3,933,253 | -5,060,380 | -1,664,741 | -3,836,132 | -233,302 | -39,841 | 26,761 | |
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | ||||||||
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | ||||||||
| Group/Directors Accounts | 2,567,642 | 4,228,099 | 1,453,511 | 987,327 | 1,044,041 | 1,392,003 | -96,586 | 140,402 |
| Other Short Term Loans | ||||||||
| Long term loans | ||||||||
| Hire Purchase and Lease Commitments | ||||||||
| other long term liabilities | ||||||||
| share issue | ||||||||
| interest | 940,716 | 171,390 | 3,180 | 1,240 | 762 | 37 | ||
| cash flow from financing | 3,935,341 | 5,067,437 | 1,674,553 | 1,152,224 | 1,331,233 | 1,529,413 | -96,549 | |
| cash and cash equivalents | ||||||||
| cash | 3 | -2,683,584 | 1,097,931 | 1,489,572 | -69,788 | 165,869 | ||
| overdraft | -591 | 267 | 324 | |||||
| change in cash | 3 | 591 | -267 | -2,683,908 | 1,097,931 | 1,489,572 | -69,788 | 165,869 |
ring of security limited Credit Report and Business Information
Ring Of Security Limited Competitor Analysis
Perform a competitor analysis for ring of security limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in EC2A area or any other competitors across 12 key performance metrics.
ring of security limited Ownership
RING OF SECURITY LIMITED group structure
Ring Of Security Limited has no subsidiary companies.
Ultimate parent company
AMAZON.COM INC
#0052153
RING LLC
#0093107
2 parents
RING OF SECURITY LIMITED
10082616
ring of security limited directors
Ring Of Security Limited currently has 2 directors. The longest serving directors include Ms Phaedra Andrews (Jun 2018) and Mr Michael Cortez (May 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Phaedra Andrews | 49 years | Jun 2018 | - | Director | |
| Mr Michael Cortez | United States | 45 years | May 2022 | - | Director |
P&L
December 2023turnover
3m
-17%
operating profit
141.9k
-18%
gross margin
38.2%
-0.39%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
3.7m
+0.6%
total assets
15.8m
+0.34%
cash
3
0%
net assets
Total assets minus all liabilities
ring of security limited company details
company number
10082616
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
March 2016
age
9
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
ERNST & YOUNG LLP
address
1 principal place, worship street, london, EC2A 2FA
Bank
-
Legal Advisor
-
ring of security 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 ring of security limited.
ring of security limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for RING OF SECURITY LIMITED. This can take several minutes, an email will notify you when this has completed.
ring of security limited Companies House Filings - See Documents
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