Pomanda estimates the enterprise value of RICHMOND WEAR LTD at £910.6k based on a Turnover of £1.9m and 0.49x industry multiple (adjusted for size and gross margin).
richmond wear ltdEstimated Valuation
£393k
Pomanda estimates the enterprise value of RICHMOND WEAR LTD at £393k based on an EBITDA of £100.8k and a 3.9x industry multiple (adjusted for size and gross margin).
richmond wear ltdEstimated Valuation
£478.1k
Pomanda estimates the enterprise value of RICHMOND WEAR LTD at £478.1k based on Net Assets of £145.9k and 3.28x industry multiple (adjusted for liquidity).
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Richmond Wear LtdOverview
Richmond Wear Ltd is a live company located in london, E1 0HS with a Companies House number of 10498059. It operates in the manufacture of other wearing apparel and accessories n.e.c. sector, SIC Code 14190. Founded in November 2016, it's largest shareholder is
nizam uddin
with a 100% stake. Richmond Wear Ltd is a young,
small sized company, Pomanda has estimated its turnover at
£1.9m with
rapid
growth in recent years.
Pomanda's financial health check has awarded Richmond Wear Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating2out of 5
2 Strong
2 Regular
6 Weak
Size
annual sales of £1.9m, make it smaller than the average company (£9.3m)
£1.9m - Richmond Wear Ltd
£9.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 66%, show it is growing at a faster rate (9.1%)
66% - Richmond Wear Ltd
9.1% - Industry AVG
Production
with a gross margin of 27%, this company has a higher cost of product (35.5%)
27% - Richmond Wear Ltd
35.5% - Industry AVG
Profitability
an operating margin of 5.4% make it as profitable than the average company (6.5%)
5.4% - Richmond Wear Ltd
6.5% - Industry AVG
Employees
with 20 employees, this is below the industry average (38)
20 - Richmond Wear Ltd
38 - Industry AVG
Pay Structure
on an average salary of £34.9k, the company has an equivalent pay structure (£34.9k)
£34.9k - Richmond Wear Ltd
£34.9k - Industry AVG
Efficiency
resulting in sales per employee of £93.9k, this is less efficient (£202.3k)
£93.9k - Richmond Wear Ltd
£202.3k - Industry AVG
Debtor Days
it gets paid by customers after 77 days, this is later than average (36 days)
77 days - Richmond Wear Ltd
36 days - Industry AVG
Creditor Days
its suppliers are paid after 45 days, this is slower than average (39 days)
45 days - Richmond Wear Ltd
39 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Richmond Wear Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Richmond Wear Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 69.1%, this is a higher level of debt than the average (55.8%)
69.1% - Richmond Wear Ltd
55.8% - Industry AVG
RICHMOND WEAR LTD financials
EXPORT
Richmond Wear Ltd's latest turnover from November 2023 is estimated at £1.9 million and the company has net assets of £145.9 thousand. According to their latest financial statements, Richmond Wear Ltd has 20 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Nov 2023
Nov 2022
Nov 2021
Nov 2020
Nov 2019
Nov 2018
Nov 2017
Turnover
1,877,309
991,576
1,006,031
413,179
781,290
1,152,203
630,713
Other Income Or Grants
Cost Of Sales
1,371,169
736,089
793,958
327,941
611,695
938,170
492,971
Gross Profit
506,140
255,486
212,073
85,238
169,595
214,033
137,742
Admin Expenses
405,336
175,391
210,063
84,363
113,526
194,116
196,163
Operating Profit
100,804
80,095
2,010
875
56,069
19,917
-58,421
Interest Payable
Interest Receivable
Pre-Tax Profit
100,804
80,095
2,010
875
56,069
19,917
-58,421
Tax
-25,201
-15,218
-382
-166
-10,653
-3,784
Profit After Tax
75,603
64,877
1,628
709
45,416
16,133
-58,421
Dividends Paid
Retained Profit
75,603
64,877
1,628
709
45,416
16,133
-58,421
Employee Costs
697,342
603,226
639,289
157,798
156,864
123,791
60,360
Number Of Employees
20
20
20
5
5
4
2
EBITDA*
100,804
80,095
2,010
875
56,069
19,917
-58,421
* Earnings Before Interest, Tax, Depreciation and Amortisation
Nov 2023
Nov 2022
Nov 2021
Nov 2020
Nov 2019
Nov 2018
Nov 2017
Tangible Assets
73,819
70,061
75,209
81,373
88,892
94,817
39,900
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
73,819
70,061
75,209
81,373
88,892
94,817
39,900
Stock & work in progress
Trade Debtors
399,050
292,538
221,194
102,804
199,567
199,480
103,591
Group Debtors
Misc Debtors
Cash
misc current assets
total current assets
399,050
292,538
221,194
102,804
199,567
199,480
103,591
total assets
472,869
362,599
296,403
184,177
288,459
294,297
143,491
Bank overdraft
Bank loan
Trade Creditors
169,189
91,636
69,938
66,500
221,491
336,585
201,912
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities
169,189
91,636
69,938
66,500
221,491
336,585
201,912
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
157,735
200,621
221,000
113,840
63,840
provisions
total long term liabilities
157,735
200,621
221,000
113,840
63,840
total liabilities
326,924
292,257
290,938
180,340
285,331
336,585
201,912
net assets
145,945
70,342
5,465
3,837
3,128
-42,288
-58,421
total shareholders funds
145,945
70,342
5,465
3,837
3,128
-42,288
-58,421
Nov 2023
Nov 2022
Nov 2021
Nov 2020
Nov 2019
Nov 2018
Nov 2017
Operating Activities
Operating Profit
100,804
80,095
2,010
875
56,069
19,917
-58,421
Depreciation
Amortisation
Tax
-25,201
-15,218
-382
-166
-10,653
-3,784
Stock
Debtors
106,512
71,344
118,390
-96,763
87
95,889
103,591
Creditors
77,553
21,698
3,438
-154,991
-115,094
134,673
201,912
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations
46,644
15,231
-113,324
-57,519
-69,765
54,917
39,900
Investing Activities
capital expenditure
-3,758
5,148
6,164
7,519
5,925
-54,917
-39,900
Change in Investments
cash flow from investments
-3,758
5,148
6,164
7,519
5,925
-54,917
-39,900
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
-42,886
-20,379
107,160
50,000
63,840
share issue
interest
cash flow from financing
-42,886
-20,379
107,160
50,000
63,840
cash and cash equivalents
cash
overdraft
change in cash
richmond wear 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 richmond wear ltd. Get real-time insights into richmond wear ltd's credit score, group structure and payment trends.
Perform a competitor analysis for richmond wear ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in E 1 area or any other competitors across 12 key performance metrics.
richmond wear ltd Ownership
RICHMOND WEAR LTD group structure
Richmond Wear Ltd has no subsidiary companies.
Ultimate parent company
RICHMOND WEAR LTD
10498059
RICHMOND WEAR LTD Shareholders
The sole shareholder of Richmond Wear Ltd is Nizam Uddin.
nizam uddin
100%
richmond wear ltd directors
Richmond Wear Ltd currently has 1 director, Mr Nizam Uddin serving since Nov 2016.
14190 - Manufacture of other wearing apparel and accessories
incorporation date
November 2016
age
9
incorporated
UK
ultimate parent company
None
accounts
Micro-Entity Accounts
last accounts submitted
November 2023
previous names
N/A
accountant
-
auditor
-
address
10-12 ratcliffe cross street, london, E1 0HS
Bank
-
Legal Advisor
-
richmond wear 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 richmond wear ltd.
richmond wear ltd 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.
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richmond wear ltdCompanies House Filings - See Documents
