the riding wine company ltd
the riding wine company ltd Company Information
Company Number
11257220
Website
www.ridingwineco.comRegistered Address
36 grotto road, margate, CT9 2BT
Industry
Wholesale of wine, beer, spirits and other alcoholic beverages
Public houses and bars
Telephone
-
Next Accounts Due
January 2025
Group Structure
View All
Shareholders
jesal thakker 50%
vikram mertia 50%
the riding wine company ltd Estimated Valuation
Pomanda estimates the enterprise value of THE RIDING WINE COMPANY LTD at £230.6k based on a Turnover of £624k and 0.37x industry multiple (adjusted for size and gross margin).
the riding wine company ltd Estimated Valuation
Pomanda estimates the enterprise value of THE RIDING WINE COMPANY LTD at £87.3k based on an EBITDA of £26.1k and a 3.34x industry multiple (adjusted for size and gross margin).
the riding wine company ltd Estimated Valuation
Pomanda estimates the enterprise value of THE RIDING WINE COMPANY LTD at £39.9k based on Net Assets of £18.9k and 2.11x industry multiple (adjusted for liquidity).
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The Riding Wine Company Ltd Overview
The Riding Wine Company Ltd is a live company located in margate, CT9 2BT with a Companies House number of 11257220. It operates in the wholesale of wine, beer, spirits and other alcoholic beverages sector, SIC Code 46342. Founded in March 2018, it's largest shareholder is jesal thakker with a 50% stake. The Riding Wine Company Ltd is a young, small sized company, Pomanda has estimated its turnover at £624k with rapid growth in recent years.
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The Riding Wine Company Ltd Health Check
Pomanda's financial health check has awarded The Riding Wine Company Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
1 Strong
3 Regular
6 Weak
Size
annual sales of £624k, make it smaller than the average company (£13.9m)
- The Riding Wine Company Ltd
£13.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 48%, show it is growing at a faster rate (4.4%)
- The Riding Wine Company Ltd
4.4% - Industry AVG
Production
with a gross margin of 27%, this company has a higher cost of product (37.2%)
- The Riding Wine Company Ltd
37.2% - Industry AVG
Profitability
an operating margin of 4.2% make it as profitable than the average company (4.3%)
- The Riding Wine Company Ltd
4.3% - Industry AVG
Employees
with 8 employees, this is below the industry average (25)
8 - The Riding Wine Company Ltd
25 - Industry AVG
Pay Structure
on an average salary of £31.7k, the company has an equivalent pay structure (£31.7k)
- The Riding Wine Company Ltd
£31.7k - Industry AVG
Efficiency
resulting in sales per employee of £78k, this is less efficient (£338.4k)
- The Riding Wine Company Ltd
£338.4k - Industry AVG
Debtor Days
it gets paid by customers after 44 days, this is later than average (27 days)
- The Riding Wine Company Ltd
27 days - Industry AVG
Creditor Days
its suppliers are paid after 47 days, this is close to average (47 days)
- The Riding Wine Company Ltd
47 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- The Riding Wine Company Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - The Riding Wine Company Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 83.1%, this is a higher level of debt than the average (74.4%)
83.1% - The Riding Wine Company Ltd
74.4% - Industry AVG
THE RIDING WINE COMPANY LTD financials
The Riding Wine Company Ltd's latest turnover from April 2023 is estimated at £624 thousand and the company has net assets of £18.9 thousand. According to their latest financial statements, The Riding Wine Company Ltd has 8 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | |
|---|---|---|---|---|---|
| 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 | 2 | 2 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 36,204 | 1,971 | 2,846 | 3,956 | 352 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 36,204 | 1,971 | 2,846 | 3,956 | 352 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 76,054 | 130,409 | 112,000 | 33,460 | 17,872 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 76,054 | 130,409 | 112,000 | 33,460 | 17,872 |
| total assets | 112,258 | 132,380 | 114,846 | 37,416 | 18,224 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 58,632 | 68,457 | 49,871 | 26,812 | 28,357 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 58,632 | 68,457 | 49,871 | 26,812 | 28,357 |
| loans | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 3,140 | 24,604 | 40,124 | 12,874 | 1,013 |
| other liabilities | 31,560 | 39,990 | 47,500 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 34,700 | 64,594 | 87,624 | 12,874 | 1,013 |
| total liabilities | 93,332 | 133,051 | 137,495 | 39,686 | 29,370 |
| net assets | 18,926 | -671 | -22,649 | -2,270 | -11,146 |
| total shareholders funds | 18,926 | -671 | -22,649 | -2,270 | -11,146 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | |||||
| Amortisation | |||||
| Tax | |||||
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | -54,355 | 18,409 | 78,540 | 15,588 | 17,872 |
| Creditors | -9,825 | 18,586 | 23,059 | -1,545 | 28,357 |
| Accruals and Deferred Income | -21,464 | -15,520 | 27,250 | 11,861 | 1,013 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -8,430 | -7,510 | 47,500 | 0 | 0 |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 |
the riding wine company ltd Credit Report and Business Information
The Riding Wine Company Ltd Competitor Analysis
Perform a competitor analysis for the riding wine company ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in CT9 area or any other competitors across 12 key performance metrics.
the riding wine company ltd Ownership
THE RIDING WINE COMPANY LTD group structure
The Riding Wine Company Ltd has no subsidiary companies.
Ultimate parent company
THE RIDING WINE COMPANY LTD
11257220
the riding wine company ltd directors
The Riding Wine Company Ltd currently has 2 directors. The longest serving directors include Ms Jesal Thakker (Mar 2018) and Mr Vikram Mertia (Mar 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Jesal Thakker | England | 46 years | Mar 2018 | - | Director |
| Mr Vikram Mertia | England | 47 years | Mar 2018 | - | Director |
P&L
April 2023turnover
624k
-1%
operating profit
26.1k
0%
gross margin
27.1%
+11.31%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
18.9k
-29.21%
total assets
112.3k
-0.15%
cash
0
0%
net assets
Total assets minus all liabilities
the riding wine company ltd company details
company number
11257220
Type
Private limited with Share Capital
industry
46342 - Wholesale of wine, beer, spirits and other alcoholic beverages
56302 - Public houses and bars
incorporation date
March 2018
age
6
incorporated
UK
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
last accounts submitted
April 2023
address
36 grotto road, margate, CT9 2BT
accountant
-
auditor
-
the riding wine company 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 the riding wine company ltd.
the riding wine company ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
