ritelite (us) limited Company Information
Company Number
10775064
Website
www.ritelite.co.ukRegistered Address
meadow park bourne road, essendine, stamford, lincolnshire, PE9 4LT
Industry
Other retail sale not in stores, stalls or markets
Telephone
441780758585
Next Accounts Due
January 2025
Group Structure
View All
Directors
Marcus Batty7 Years
Shareholders
ritelite (systems) limited 100%
ritelite (us) limited Estimated Valuation
Pomanda estimates the enterprise value of RITELITE (US) LIMITED at £47.6k based on a Turnover of £205.2k and 0.23x industry multiple (adjusted for size and gross margin).
ritelite (us) limited Estimated Valuation
Pomanda estimates the enterprise value of RITELITE (US) LIMITED at £0 based on an EBITDA of £-4k and a 2.4x industry multiple (adjusted for size and gross margin).
ritelite (us) limited Estimated Valuation
Pomanda estimates the enterprise value of RITELITE (US) LIMITED at £34.8k based on Net Assets of £39.5k and 0.88x industry multiple (adjusted for liquidity).
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Ritelite (us) Limited Overview
Ritelite (us) Limited is a live company located in stamford, PE9 4LT with a Companies House number of 10775064. It operates in the other retail sale not in stores, stalls or markets sector, SIC Code 47990. Founded in May 2017, it's largest shareholder is ritelite (systems) limited with a 100% stake. Ritelite (us) Limited is a young, micro sized company, Pomanda has estimated its turnover at £205.2k with rapid growth in recent years.
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Ritelite (us) Limited Health Check
Pomanda's financial health check has awarded Ritelite (Us) Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
4 Weak
Size
annual sales of £205.2k, make it smaller than the average company (£925.5k)
- Ritelite (us) Limited
£925.5k - Industry AVG
Growth
3 year (CAGR) sales growth of 43%, show it is growing at a faster rate (5.6%)
- Ritelite (us) Limited
5.6% - Industry AVG
Production
with a gross margin of 19.9%, this company has a higher cost of product (32.1%)
- Ritelite (us) Limited
32.1% - Industry AVG
Profitability
an operating margin of -1.9% make it less profitable than the average company (4.9%)
- Ritelite (us) Limited
4.9% - Industry AVG
Employees
with 1 employees, this is below the industry average (10)
- Ritelite (us) Limited
10 - Industry AVG
Pay Structure
on an average salary of £34k, the company has an equivalent pay structure (£34k)
- Ritelite (us) Limited
£34k - Industry AVG
Efficiency
resulting in sales per employee of £205.2k, this is equally as efficient (£190.2k)
- Ritelite (us) Limited
£190.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Ritelite (us) Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 125 days, this is slower than average (36 days)
- Ritelite (us) Limited
36 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Ritelite (us) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 88 weeks, this is more cash available to meet short term requirements (24 weeks)
88 weeks - Ritelite (us) Limited
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 58.9%, this is a lower level of debt than the average (65.9%)
58.9% - Ritelite (us) Limited
65.9% - Industry AVG
RITELITE (US) LIMITED financials
Ritelite (Us) Limited's latest turnover from April 2023 is estimated at £205.2 thousand and the company has net assets of £39.5 thousand. According to their latest financial statements, we estimate that Ritelite (Us) Limited has 1 employee and maintains cash reserves of £95.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | |
---|---|---|---|---|---|---|
Turnover | 260,085 | |||||
Other Income Or Grants | 0 | |||||
Cost Of Sales | 256,130 | |||||
Gross Profit | 3,955 | |||||
Admin Expenses | 495 | |||||
Operating Profit | 3,460 | |||||
Interest Payable | 0 | |||||
Interest Receivable | 0 | |||||
Pre-Tax Profit | 3,460 | |||||
Tax | -657 | |||||
Profit After Tax | 2,803 | |||||
Dividends Paid | 0 | |||||
Retained Profit | 2,803 | |||||
Employee Costs | ||||||
Number Of Employees | ||||||
EBITDA* | 3,460 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | |
---|---|---|---|---|---|---|
Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Debtors | 0 | 3,805 | 59,376 | 24,715 | 0 | 0 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 0 | 0 | 25,654 | 645 | 1,036 | 0 |
Cash | 95,944 | 67,435 | 52,785 | 2,887 | 143,379 | 85,356 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 95,944 | 71,240 | 137,815 | 28,247 | 144,415 | 85,356 |
total assets | 95,944 | 71,240 | 137,815 | 28,247 | 144,415 | 85,356 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 56,474 | 31,259 | 108,575 | 4,287 | 129,588 | 82,552 |
Group/Directors Accounts | 0 | 0 | 5,000 | 5,000 | 0 | 0 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 0 | 0 | 1,153 | 785 | 0 | 0 |
total current liabilities | 56,474 | 31,259 | 114,728 | 10,072 | 129,588 | 82,552 |
loans | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
total liabilities | 56,474 | 31,259 | 114,728 | 10,072 | 129,588 | 82,552 |
net assets | 39,470 | 39,981 | 23,087 | 18,175 | 14,827 | 2,804 |
total shareholders funds | 39,470 | 39,981 | 23,087 | 18,175 | 14,827 | 2,804 |
Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | |
---|---|---|---|---|---|---|
Operating Activities | ||||||
Operating Profit | 3,460 | |||||
Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | -657 | |||||
Stock | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors | -3,805 | -81,225 | 59,670 | 24,324 | 1,036 | 0 |
Creditors | 25,215 | -77,316 | 104,288 | -125,301 | 47,036 | 82,552 |
Accruals and Deferred Income | 0 | -1,153 | 368 | 785 | 0 | 0 |
Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | 85,355 | |||||
Investing Activities | ||||||
capital expenditure | ||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | ||||||
Financing Activities | ||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | -5,000 | 0 | 5,000 | 0 | 0 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | ||||||
interest | 0 | |||||
cash flow from financing | 1 | |||||
cash and cash equivalents | ||||||
cash | 28,509 | 14,650 | 49,898 | -140,492 | 58,023 | 85,356 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 28,509 | 14,650 | 49,898 | -140,492 | 58,023 | 85,356 |
ritelite (us) limited Credit Report and Business Information
Ritelite (us) Limited Competitor Analysis
Perform a competitor analysis for ritelite (us) limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in PE9 area or any other competitors across 12 key performance metrics.
ritelite (us) limited Ownership
RITELITE (US) LIMITED group structure
Ritelite (Us) Limited has no subsidiary companies.
ritelite (us) limited directors
Ritelite (Us) Limited currently has 1 director, Mr Marcus Batty serving since May 2017.
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Marcus Batty | England | 60 years | May 2017 | - | Director |
P&L
April 2023turnover
205.2k
+236%
operating profit
-4k
0%
gross margin
19.9%
+12.94%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
39.5k
-0.01%
total assets
95.9k
+0.35%
cash
95.9k
+0.42%
net assets
Total assets minus all liabilities
ritelite (us) limited company details
company number
10775064
Type
Private limited with Share Capital
industry
47990 - Other retail sale not in stores, stalls or markets
incorporation date
May 2017
age
7
incorporated
UK
accounts
Unaudited Abridged
ultimate parent company
previous names
N/A
last accounts submitted
April 2023
address
meadow park bourne road, essendine, stamford, lincolnshire, PE9 4LT
accountant
-
auditor
-
ritelite (us) 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 ritelite (us) limited.
ritelite (us) limited Companies House Filings - See Documents
date | description | view/download |
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