ronimix concrete ltd
ronimix concrete ltd Company Information
Company Number
10325420
Website
www.ronimix.co.ukRegistered Address
lodge park lodge lane, langham, colchester, essex, CO4 5NE
Industry
Manufacture of ready-mixed concrete
Telephone
01992714677
Next Accounts Due
May 2025
Group Structure
View All
Directors
Jenny Scarbrow8 Years
Shareholders
jenny scarbrow 100%
ronimix concrete ltd Estimated Valuation
Pomanda estimates the enterprise value of RONIMIX CONCRETE LTD at £458k based on a Turnover of £1.1m and 0.43x industry multiple (adjusted for size and gross margin).
ronimix concrete ltd Estimated Valuation
Pomanda estimates the enterprise value of RONIMIX CONCRETE LTD at £306.4k based on an EBITDA of £137k and a 2.24x industry multiple (adjusted for size and gross margin).
ronimix concrete ltd Estimated Valuation
Pomanda estimates the enterprise value of RONIMIX CONCRETE LTD at £332.9k based on Net Assets of £168.9k and 1.97x industry multiple (adjusted for liquidity).
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Ronimix Concrete Ltd Overview
Ronimix Concrete Ltd is a live company located in colchester, CO4 5NE with a Companies House number of 10325420. It operates in the manufacture of ready-mixed concrete sector, SIC Code 23630. Founded in August 2016, it's largest shareholder is jenny scarbrow with a 100% stake. Ronimix Concrete Ltd is a young, small sized company, Pomanda has estimated its turnover at £1.1m with declining growth in recent years.
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Ronimix Concrete Ltd Health Check
Pomanda's financial health check has awarded Ronimix Concrete Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
5 Weak
Size
annual sales of £1.1m, make it smaller than the average company (£19.1m)
- Ronimix Concrete Ltd
£19.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -15%, show it is growing at a slower rate (9.8%)
- Ronimix Concrete Ltd
9.8% - Industry AVG
Production
with a gross margin of 17.5%, this company has a comparable cost of product (17.5%)
- Ronimix Concrete Ltd
17.5% - Industry AVG
Profitability
an operating margin of 9.3% make it more profitable than the average company (3.8%)
- Ronimix Concrete Ltd
3.8% - Industry AVG
Employees
with 8 employees, this is below the industry average (56)
8 - Ronimix Concrete Ltd
56 - Industry AVG
Pay Structure
on an average salary of £44.9k, the company has an equivalent pay structure (£44.9k)
- Ronimix Concrete Ltd
£44.9k - Industry AVG
Efficiency
resulting in sales per employee of £132.7k, this is less efficient (£329.6k)
- Ronimix Concrete Ltd
£329.6k - Industry AVG
Debtor Days
it gets paid by customers after 5 days, this is earlier than average (50 days)
- Ronimix Concrete Ltd
50 days - Industry AVG
Creditor Days
its suppliers are paid after 55 days, this is slower than average (46 days)
- Ronimix Concrete Ltd
46 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Ronimix Concrete Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 83 weeks, this is more cash available to meet short term requirements (10 weeks)
83 weeks - Ronimix Concrete Ltd
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 71.2%, this is a higher level of debt than the average (56.4%)
71.2% - Ronimix Concrete Ltd
56.4% - Industry AVG
RONIMIX CONCRETE LTD financials
Ronimix Concrete Ltd's latest turnover from August 2023 is estimated at £1.1 million and the company has net assets of £168.9 thousand. According to their latest financial statements, Ronimix Concrete Ltd has 8 employees and maintains cash reserves of £232.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | |
|---|---|---|---|---|---|---|---|
| Turnover | |||||||
| Other Income Or Grants | |||||||
| Cost Of Sales | |||||||
| Gross Profit | |||||||
| Admin Expenses | |||||||
| Operating Profit | |||||||
| Interest Payable | |||||||
| Interest Receivable | |||||||
| Pre-Tax Profit | |||||||
| Tax | |||||||
| Profit After Tax | |||||||
| Dividends Paid | |||||||
| Retained Profit | |||||||
| Employee Costs | |||||||
| Number Of Employees | 8 | 9 | 9 | 9 | 9 | 8 | 9 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 311,260 | 105,371 | 139,343 | 35,705 | 39,304 | 49,336 | 128,662 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 311,260 | 105,371 | 139,343 | 35,705 | 39,304 | 49,336 | 128,662 |
| Stock & work in progress | 0 | 0 | 0 | 145,000 | 180,000 | 37,500 | 134,000 |
| Trade Debtors | 16,242 | 61,918 | 19,128 | 9,975 | 5,147 | 367,500 | 22,742 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 26,781 | 0 | 70,377 | 0 | 43,598 | 33,965 | 0 |
| Cash | 232,797 | 247,055 | 179,251 | 215,455 | 100,294 | 183,317 | 111,181 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 275,820 | 308,973 | 268,756 | 370,430 | 329,039 | 622,282 | 267,923 |
| total assets | 587,080 | 414,344 | 408,099 | 406,135 | 368,343 | 671,618 | 396,585 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 133,050 | 204,312 | 185,635 | 276,172 | 111,951 | 332,943 | 122,401 |
| Group/Directors Accounts | 0 | 0 | 0 | 24,573 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 14,415 | 23,125 | 32,835 | 0 |
| other current liabilities | 12,649 | 57,818 | 29,268 | 36,475 | 231,419 | 304,842 | 273,978 |
| total current liabilities | 145,699 | 262,130 | 214,903 | 351,635 | 366,495 | 670,620 | 396,379 |
| loans | 24,340 | 37,946 | 49,061 | 50,000 | 0 | 0 | 0 |
| hp & lease commitments | 248,163 | 25,983 | 38,592 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 272,503 | 63,929 | 87,653 | 50,000 | 0 | 0 | 0 |
| total liabilities | 418,202 | 326,059 | 302,556 | 401,635 | 366,495 | 670,620 | 396,379 |
| net assets | 168,878 | 88,285 | 105,543 | 4,500 | 1,848 | 998 | 206 |
| total shareholders funds | 168,878 | 88,285 | 105,543 | 4,500 | 1,848 | 998 | 206 |
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 38,065 | 34,430 | 36,112 | 9,291 | 11,782 | 14,521 | 6,813 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||
| Stock | 0 | 0 | -145,000 | -35,000 | 142,500 | -96,500 | 134,000 |
| Debtors | -18,895 | -27,587 | 79,530 | -38,770 | -352,720 | 378,723 | 22,742 |
| Creditors | -71,262 | 18,677 | -90,537 | 164,221 | -220,992 | 210,542 | 122,401 |
| Accruals and Deferred Income | -45,169 | 28,550 | -7,207 | -194,944 | -73,423 | 30,864 | 273,978 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | -24,573 | 24,573 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -13,606 | -11,115 | -939 | 50,000 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 222,180 | -12,609 | 24,177 | -8,710 | -9,710 | 32,835 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | -14,258 | 67,804 | -36,204 | 115,161 | -83,023 | 72,136 | 111,181 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -14,258 | 67,804 | -36,204 | 115,161 | -83,023 | 72,136 | 111,181 |
ronimix concrete ltd Credit Report and Business Information
Ronimix Concrete Ltd Competitor Analysis
Perform a competitor analysis for ronimix concrete ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in CO4 area or any other competitors across 12 key performance metrics.
ronimix concrete ltd Ownership
RONIMIX CONCRETE LTD group structure
Ronimix Concrete Ltd has no subsidiary companies.
Ultimate parent company
RONIMIX CONCRETE LTD
10325420
ronimix concrete ltd directors
Ronimix Concrete Ltd currently has 1 director, Miss Jenny Scarbrow serving since Aug 2016.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Miss Jenny Scarbrow | United Kingdom | 61 years | Aug 2016 | - | Director |
P&L
August 2023turnover
1.1m
-21%
operating profit
98.9k
0%
gross margin
17.5%
-3.45%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
168.9k
+0.91%
total assets
587.1k
+0.42%
cash
232.8k
-0.06%
net assets
Total assets minus all liabilities
Similar Companies
ronimix concrete ltd company details
company number
10325420
Type
Private limited with Share Capital
industry
23630 - Manufacture of ready-mixed concrete
incorporation date
August 2016
age
8
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
August 2023
address
lodge park lodge lane, langham, colchester, essex, CO4 5NE
accountant
BOWGEN LIMITED
auditor
-
ronimix concrete 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 ronimix concrete ltd.
ronimix concrete ltd Companies House Filings - See Documents
| date | description | view/download |
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