ric motors ltd

1

ric motors ltd Company Information

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Company Number

10544042

Website

-

Registered Address

20-22 wenlock road wenlock road, london, N1 7GU

Industry

Retail trade of motor vehicle parts and accessories

 

Sale of used cars and light motor vehicles

 

Telephone

-

Next Accounts Due

880 days late

Group Structure

View All

Directors

Willems Wanki7 Years

Shareholders

willems wanki 100%

ric motors ltd Estimated Valuation

£10.4k

Pomanda estimates the enterprise value of RIC MOTORS LTD at £10.4k based on a Turnover of £59.5k and 0.17x industry multiple (adjusted for size and gross margin).

ric motors ltd Estimated Valuation

£9

Pomanda estimates the enterprise value of RIC MOTORS LTD at £9 based on an EBITDA of £3 and a 2.51x industry multiple (adjusted for size and gross margin).

ric motors ltd Estimated Valuation

£6

Pomanda estimates the enterprise value of RIC MOTORS LTD at £6 based on Net Assets of £3 and 2.3x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from January 2020 

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Ric Motors Ltd Overview

Ric Motors Ltd is a live company located in london, N1 7GU with a Companies House number of 10544042. It operates in the sale of used cars and light motor vehicles sector, SIC Code 45112. Founded in January 2017, it's largest shareholder is willems wanki with a 100% stake. Ric Motors Ltd is a young, micro sized company, Pomanda has estimated its turnover at £59.5k with unknown growth in recent years.

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Ric Motors Ltd Health Check

Pomanda's financial health check has awarded Ric Motors Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1out of 5
positive_score

1 Strong

positive_score

1 Regular

positive_score

5 Weak

size

Size

annual sales of £59.5k, make it smaller than the average company (£1.6m)

£59.5k - Ric Motors Ltd

£1.6m - Industry AVG

growth

Growth

There is insufficient data available for this Key Performance Indicator!

- - Ric Motors Ltd

- - Industry AVG

production

Production

with a gross margin of 13.6%, this company has a higher cost of product (23.5%)

13.6% - Ric Motors Ltd

23.5% - Industry AVG

profitability

Profitability

an operating margin of 0% make it less profitable than the average company (2.7%)

0% - Ric Motors Ltd

2.7% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (36)

1 - Ric Motors Ltd

36 - Industry AVG

paystructure

Pay Structure

on an average salary of £27.7k, the company has an equivalent pay structure (£27.7k)

£27.7k - Ric Motors Ltd

£27.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £59.5k, this is less efficient (£259.9k)

£59.5k - Ric Motors Ltd

£259.9k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 0 days, this is earlier than average (19 days)

0 days - Ric Motors Ltd

19 days - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Ric Motors Ltd

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Ric Motors Ltd

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Ric Motors Ltd

- - Industry AVG

debtlevel

Debt Level

There is insufficient data available for this Key Performance Indicator!

- - Ric Motors Ltd

- - Industry AVG

ric motors ltd 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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Ric Motors Ltd Competitor Analysis

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ric motors ltd Ownership

RIC MOTORS LTD group structure

Ric Motors Ltd has no subsidiary companies.

Ultimate parent company

RIC MOTORS LTD

10544042

RIC MOTORS LTD Shareholders

willems wanki 100%

ric motors ltd directors

Ric Motors Ltd currently has 1 director, Mr Willems Wanki serving since Jan 2017.

officercountryagestartendrole
Mr Willems WankiEngland32 years Jan 2017- Director

RIC MOTORS LTD financials

EXPORTms excel logo

Ric Motors Ltd's latest turnover from January 2020 is estimated at £59.5 thousand and the company has net assets of £3. According to their latest financial statements, Ric Motors Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jan 2020Feb 2019Jan 2019Jan 2018
Turnover59,458053,4713
Other Income Or Grants0000
Cost Of Sales51,386045,7462
Gross Profit8,07207,7250
Admin Expenses8,06807,7250
Operating Profit4000
Interest Payable0000
Interest Receivable0000
Pre-Tax Profit4000
Tax-1000
Profit After Tax3000
Dividends Paid0000
Retained Profit3000
Employee Costs27,681027,31725,839
Number Of Employees1011
EBITDA*4022

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jan 2020Feb 2019Jan 2019Jan 2018
Tangible Assets0000
Intangible Assets0011
Investments & Other1000
Debtors (Due After 1 year)0000
Total Fixed Assets1011
Stock & work in progress0011
Trade Debtors1000
Group Debtors0000
Misc Debtors0000
Cash0011
misc current assets1011
total current assets2033
total assets3044
Bank overdraft0000
Bank loan0000
Trade Creditors 0000
Group/Directors Accounts0000
other short term finances0000
hp & lease commitments0000
other current liabilities0000
total current liabilities0000
loans0000
hp & lease commitments0000
Accruals and Deferred Income0000
other liabilities0000
provisions0033
total long term liabilities0033
total liabilities0033
net assets3011
total shareholders funds3011
Jan 2020Feb 2019Jan 2019Jan 2018
Operating Activities
Operating Profit4000
Depreciation0000
Amortisation0022
Tax-1000
Stock0-101
Debtors1000
Creditors0000
Accruals and Deferred Income0000
Deferred Taxes & Provisions0-303
Cash flow from operations2-224
Investing Activities
capital expenditure01-2-3
Change in Investments1000
cash flow from investments-11-2-3
Financing Activities
Bank loans0000
Group/Directors Accounts0000
Other Short Term Loans 0000
Long term loans0000
Hire Purchase and Lease Commitments0000
other long term liabilities0000
share issue0-101
interest0000
cash flow from financing0-101
cash and cash equivalents
cash0-101
overdraft0000
change in cash0-101

P&L

January 2020

turnover

59.5k

0%

operating profit

3.7

0%

gross margin

13.6%

0%

turnover

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

Balance Sheet

January 2020

net assets

3

0%

total assets

3

0%

cash

0

0%

net assets

Total assets minus all liabilities

ric motors ltd company details

company number

10544042

Type

Private limited with Share Capital

industry

45320 - Retail trade of motor vehicle parts and accessories

45112 - Sale of used cars and light motor vehicles

incorporation date

January 2017

age

7

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

ric international ltd (May 2019)

ric motors ltd (March 2019)

incorporated

UK

address

20-22 wenlock road wenlock road, london, N1 7GU

last accounts submitted

January 2020

ric motors 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 ric motors ltd.

charges

ric motors ltd Companies House Filings - See Documents

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