ride shotgun ltd

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ride shotgun ltd Company Information

Share RIDE SHOTGUN LTD

Company Number

11167070

Directors

Jonathan Dark

Andrew Weir

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Shareholders

andrew martin littlewood

mark john mallinder

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Group Structure

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Industry

Other business support service activities n.e.c.

 

Registered Address

275 kirkstall road, kirkstall industrial estate, leeds, LS4 2BX

ride shotgun ltd Estimated Valuation

£3.8m

Pomanda estimates the enterprise value of RIDE SHOTGUN LTD at £3.8m based on a Turnover of £7.7m and 0.49x industry multiple (adjusted for size and gross margin).

ride shotgun ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of RIDE SHOTGUN LTD at £0 based on an EBITDA of £-25.9k and a 3.61x industry multiple (adjusted for size and gross margin).

ride shotgun ltd Estimated Valuation

£852.2k

Pomanda estimates the enterprise value of RIDE SHOTGUN LTD at £852.2k based on Net Assets of £399.5k and 2.13x industry multiple (adjusted for liquidity).

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Ride Shotgun Ltd Overview

Ride Shotgun Ltd is a live company located in leeds, LS4 2BX with a Companies House number of 11167070. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in January 2018, it's largest shareholder is andrew martin littlewood with a 18.8% stake. Ride Shotgun Ltd is a young, mid sized company, Pomanda has estimated its turnover at £7.7m with rapid growth in recent years.

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Ride Shotgun Ltd Health Check

Pomanda's financial health check has awarded Ride Shotgun Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

5 Strong

positive_score

1 Regular

positive_score

6 Weak

size

Size

annual sales of £7.7m, make it larger than the average company (£4.8m)

£7.7m - Ride Shotgun Ltd

£4.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 34%, show it is growing at a faster rate (6.7%)

34% - Ride Shotgun Ltd

6.7% - Industry AVG

production

Production

with a gross margin of 20.3%, this company has a higher cost of product (38.2%)

20.3% - Ride Shotgun Ltd

38.2% - Industry AVG

profitability

Profitability

an operating margin of -4.5% make it less profitable than the average company (5.7%)

-4.5% - Ride Shotgun Ltd

5.7% - Industry AVG

employees

Employees

with 130 employees, this is above the industry average (27)

130 - Ride Shotgun Ltd

27 - Industry AVG

paystructure

Pay Structure

on an average salary of £53.9k, the company has an equivalent pay structure (£53.9k)

£53.9k - Ride Shotgun Ltd

£53.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £58.9k, this is less efficient (£171.3k)

£58.9k - Ride Shotgun Ltd

£171.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 23 days, this is earlier than average (42 days)

23 days - Ride Shotgun Ltd

42 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 23 days, this is quicker than average (32 days)

23 days - Ride Shotgun Ltd

32 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 3 days, this is less than average (33 days)

3 days - Ride Shotgun Ltd

33 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 10 weeks, this is less cash available to meet short term requirements (22 weeks)

10 weeks - Ride Shotgun Ltd

22 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 88.5%, this is a higher level of debt than the average (62.6%)

88.5% - Ride Shotgun Ltd

62.6% - Industry AVG

RIDE SHOTGUN LTD financials

EXPORTms excel logo

Ride Shotgun Ltd's latest turnover from December 2023 is £7.7 million and the company has net assets of £399.5 thousand. According to their latest financial statements, Ride Shotgun Ltd has 130 employees and maintains cash reserves of £579.2 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018
Turnover7,654,7536,507,4694,624,1403,188,1922,989,8681,973,091
Other Income Or Grants
Cost Of Sales6,103,1024,012,9472,895,0112,003,3221,867,7541,240,134
Gross Profit1,551,6512,494,5211,729,1291,184,8701,122,115732,957
Admin Expenses1,894,4402,333,6211,502,200858,8621,093,858805,524
Operating Profit-342,789160,900226,929326,00828,257-72,567
Interest Payable12,46618,60419,11911,925
Interest Receivable18,4501,775346184
Pre-Tax Profit-355,255160,746209,585314,43028,441-72,567
Tax-30,542-39,821-59,742-5,404
Profit After Tax-355,255130,204169,764254,68823,037-72,567
Dividends Paid
Retained Profit-355,255130,204169,764254,68823,037-72,567
Employee Costs7,010,5023,183,9481,172,1081,113,933781,488619,851
Number Of Employees1306224241714
EBITDA*-25,944216,520293,144326,00828,257-72,567

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018
Tangible Assets300,577117,05996,849115,90948,416
Intangible Assets34,84131,35734,841
Investments & Other1,907,8291,116,152263,451151,999
Debtors (Due After 1 year)
Total Fixed Assets2,243,2471,264,568395,141115,909151,99948,416
Stock & work in progress50,84350,84350,84350,84350,843
Trade Debtors498,989971,455977,789584,389344,229203,220
Group Debtors
Misc Debtors103,606104,65539,91538,424
Cash579,211278,152776,134643,69849,069
misc current assets41,819
total current assets1,232,6491,405,1051,844,6811,317,354444,141245,039
total assets3,475,8962,669,6732,239,8221,433,263596,140293,455
Bank overdraft140,976
Bank loan50,00050,00050,000
Trade Creditors 393,988327,997338,914154,772645,669366,022
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities2,561,5501,409,8161,049,252682,356
total current liabilities3,005,5381,787,8131,438,166978,104645,669366,022
loans70,833120,833170,833250,000
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities70,833120,833170,833250,000
total liabilities3,076,3711,908,6461,608,9991,228,104645,669366,022
net assets399,525761,027630,823205,159-49,529-72,567
total shareholders funds399,525761,027630,823205,159-49,529-72,567
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018
Operating Activities
Operating Profit-342,789160,900226,929326,00828,257-72,567
Depreciation316,84552,13666,215
Amortisation3,484
Tax-30,542-39,821-59,742-5,404
Stock50,843
Debtors-473,51558,406394,891278,584141,009203,220
Creditors65,991-10,917184,142-490,897279,647366,022
Accruals and Deferred Income1,151,734360,564366,896682,356
Deferred Taxes & Provisions
Cash flow from operations1,665,296477,219409,470179,141110,64890,235
Investing Activities
capital expenditure-503,847-72,346-81,996-115,90948,416-48,416
Change in Investments791,677852,701263,451-151,999151,999
cash flow from investments-1,295,524-925,047-345,44736,090-103,583-48,416
Financing Activities
Bank loans50,000
Group/Directors Accounts
Other Short Term Loans
Long term loans-50,000-50,000-79,167250,000
Hire Purchase and Lease Commitments
other long term liabilities
share issue-6,247255,9001
interest-12,466-154-17,344-11,579184
cash flow from financing-68,713-50,154209,389238,421185
cash and cash equivalents
cash301,059-497,982132,436594,62949,069
overdraft-140,976140,976
change in cash301,059-497,982273,412453,65349,069

ride shotgun 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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Ride Shotgun Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for ride shotgun ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in LS4 area or any other competitors across 12 key performance metrics.

ride shotgun ltd Ownership

RIDE SHOTGUN LTD group structure

Ride Shotgun Ltd has 3 subsidiary companies.

RIDE SHOTGUN LTD Shareholders

andrew martin littlewood 18.75%
mark john mallinder 18.75%
tim middleton 18.75%
andrew russell weir 18.75%
jonathan james dark 18.75%
john bewick knox 6.25%

ride shotgun ltd directors

Ride Shotgun Ltd currently has 3 directors. The longest serving directors include Mr Jonathan Dark (May 2019) and Mr Andrew Weir (Jan 2022).

officercountryagestartendrole
Mr Jonathan DarkEngland50 years May 2019- Director
Mr Andrew WeirUnited Kingdom49 years Jan 2022- Director
Mr Mark MallinderUnited Kingdom51 years Jan 2023- Director

P&L

December 2023

turnover

7.7m

0%

operating profit

-342.8k

0%

gross margin

20.3%

0%

turnover

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

Balance Sheet

December 2023

net assets

399.5k

-0.48%

total assets

3.5m

+0.3%

cash

579.2k

+1.08%

net assets

Total assets minus all liabilities

ride shotgun ltd company details

company number

11167070

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

January 2018

age

7

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

December 2023

previous names

cry havoc content ltd (January 2022)

vc ten ltd (May 2018)

accountant

-

auditor

-

address

275 kirkstall road, kirkstall industrial estate, leeds, LS4 2BX

Bank

-

Legal Advisor

-

ride shotgun 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 found 4 charges/mortgages relating to ride shotgun ltd. Currently there are 1 open charges and 3 have been satisfied in the past.

ride shotgun 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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ride shotgun ltd Companies House Filings - See Documents

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