richford holdings limited
richford holdings limited Company Information
Company Number
11726379
Next Accounts
Dec 2024
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Directors
Shareholders
kelly samantha birks
philip charles richford
Group Structure
View All
Contact
Registered Address
c/o richford motor services limi, dunsford road, alfreton, derbyshire, DE55 7RH
Website
http://richfordmotors.comrichford holdings limited Estimated Valuation
Pomanda estimates the enterprise value of RICHFORD HOLDINGS LIMITED at £49.2m based on a Turnover of £19.5m and 2.52x industry multiple (adjusted for size and gross margin).
richford holdings limited Estimated Valuation
Pomanda estimates the enterprise value of RICHFORD HOLDINGS LIMITED at £75.4m based on an EBITDA of £7m and a 10.75x industry multiple (adjusted for size and gross margin).
richford holdings limited Estimated Valuation
Pomanda estimates the enterprise value of RICHFORD HOLDINGS LIMITED at £10.4m based on Net Assets of £8.2m and 1.26x industry multiple (adjusted for liquidity).
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Richford Holdings Limited Overview
Richford Holdings Limited is a live company located in alfreton, DE55 7RH with a Companies House number of 11726379. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in December 2018, it's largest shareholder is kelly samantha birks with a 50% stake. Richford Holdings Limited is a young, mid sized company, Pomanda has estimated its turnover at £19.5m with high growth in recent years.
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Richford Holdings Limited Health Check
Pomanda's financial health check has awarded Richford Holdings Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 1 areas for improvement. Company Health Check FAQs
8 Strong
3 Regular
1 Weak
Size
annual sales of £19.5m, make it in line with the average company (£18.1m)
£19.5m - Richford Holdings Limited
£18.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 25%, show it is growing at a faster rate (7.2%)
25% - Richford Holdings Limited
7.2% - Industry AVG
Production
with a gross margin of 80.5%, this company has a lower cost of product (35.3%)
80.5% - Richford Holdings Limited
35.3% - Industry AVG
Profitability
an operating margin of 28.2% make it more profitable than the average company (5%)
28.2% - Richford Holdings Limited
5% - Industry AVG
Employees
with 121 employees, this is similar to the industry average (104)
121 - Richford Holdings Limited
104 - Industry AVG
Pay Structure
on an average salary of £58.2k, the company has a higher pay structure (£41.7k)
£58.2k - Richford Holdings Limited
£41.7k - Industry AVG
Efficiency
resulting in sales per employee of £161.3k, this is equally as efficient (£179.7k)
£161.3k - Richford Holdings Limited
£179.7k - Industry AVG
Debtor Days
it gets paid by customers after 20 days, this is earlier than average (46 days)
20 days - Richford Holdings Limited
46 days - Industry AVG
Creditor Days
its suppliers are paid after 71 days, this is slower than average (46 days)
71 days - Richford Holdings Limited
46 days - Industry AVG
Stock Days
it holds stock equivalent to 19 days, this is less than average (37 days)
19 days - Richford Holdings Limited
37 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 49 weeks, this is more cash available to meet short term requirements (15 weeks)
49 weeks - Richford Holdings Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 61.8%, this is a lower level of debt than the average (69%)
61.8% - Richford Holdings Limited
69% - Industry AVG
RICHFORD HOLDINGS LIMITED financials
Richford Holdings Limited's latest turnover from March 2023 is £19.5 million and the company has net assets of £8.2 million. According to their latest financial statements, Richford Holdings Limited has 121 employees and maintains cash reserves of £3.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Sep 2021 | Sep 2020 | Sep 2019 | |
|---|---|---|---|---|
| Turnover | 19,516,276 | 10,450,217 | 10,036,598 | 9,788,852 |
| Other Income Or Grants | 0 | 0 | 0 | 0 |
| Cost Of Sales | 3,816,033 | 2,231,093 | 2,580,483 | 2,537,265 |
| Gross Profit | 15,700,243 | 8,219,124 | 7,456,115 | 7,251,587 |
| Admin Expenses | 10,190,689 | 6,158,670 | 6,095,388 | 5,885,259 |
| Operating Profit | 5,509,554 | 2,060,454 | 1,360,727 | 1,366,328 |
| Interest Payable | 860,221 | 408,129 | 415,949 | 469,941 |
| Interest Receivable | 21,461 | 19,617 | 0 | 3,068 |
| Pre-Tax Profit | 4,670,794 | 1,671,942 | 944,778 | 899,455 |
| Tax | -742,470 | -42,087 | -155,981 | -145,226 |
| Profit After Tax | 3,928,324 | 1,629,855 | 788,797 | 754,229 |
| Dividends Paid | 180,000 | 140,000 | 140,000 | 200,000 |
| Retained Profit | 3,748,324 | 1,489,855 | 648,797 | 554,229 |
| Employee Costs | 7,047,157 | 4,126,665 | 4,284,627 | 4,153,271 |
| Number Of Employees | 121 | 119 | 131 | 124 |
| EBITDA* | 7,013,458 | 2,965,136 | 2,236,092 | 1,366,328 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Sep 2021 | Sep 2020 | Sep 2019 | |
|---|---|---|---|---|
| Tangible Assets | 15,195,418 | 9,697,896 | 8,845,097 | 7,227,691 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Investments & Other | 254,975 | 103,227 | 103,228 | 103,228 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 15,450,393 | 9,801,123 | 8,948,325 | 7,330,919 |
| Stock & work in progress | 206,750 | 65,750 | 219,236 | 60,550 |
| Trade Debtors | 1,070,640 | 783,245 | 638,414 | 445,708 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,490,769 | 844,947 | 394,848 | 745,905 |
| Cash | 3,319,552 | 1,399,793 | 530,122 | 450,775 |
| misc current assets | 0 | 45 | 0 | 0 |
| total current assets | 6,087,711 | 3,093,780 | 1,782,620 | 1,702,938 |
| total assets | 21,538,104 | 12,894,903 | 10,730,945 | 9,033,857 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 64,405 | 88,818 | 91,188 | 30,402 |
| Trade Creditors | 749,483 | 463,187 | 495,496 | 517,944 |
| Group/Directors Accounts | 0 | 0 | 42,385 | 66,617 |
| other short term finances | 185,700 | 204,548 | 105,922 | 227,186 |
| hp & lease commitments | 1,455,515 | 1,202,823 | 1,358,209 | 1,247,920 |
| other current liabilities | 1,043,308 | 872,216 | 1,142,234 | 824,517 |
| total current liabilities | 3,498,411 | 2,831,592 | 3,235,434 | 2,914,586 |
| loans | 4,892,427 | 2,369,699 | 2,030,148 | 1,013,839 |
| hp & lease commitments | 3,487,545 | 2,480,898 | 2,001,354 | 2,402,216 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 |
| provisions | 1,435,533 | 736,850 | 478,000 | 366,000 |
| total long term liabilities | 9,815,505 | 5,587,447 | 4,509,502 | 3,782,055 |
| total liabilities | 13,313,916 | 8,419,039 | 7,744,936 | 6,696,641 |
| net assets | 8,224,188 | 4,475,864 | 2,986,009 | 2,337,216 |
| total shareholders funds | 8,224,188 | 4,475,864 | 2,986,009 | 2,337,216 |
| Mar 2023 | Sep 2021 | Sep 2020 | Sep 2019 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | 5,509,554 | 2,060,454 | 1,360,727 | 1,366,328 |
| Depreciation | 1,503,904 | 904,682 | 875,365 | 0 |
| Amortisation | 0 | 0 | 0 | 0 |
| Tax | -742,470 | -42,087 | -155,981 | -145,226 |
| Stock | 206,750 | -153,486 | 158,686 | 60,550 |
| Debtors | 2,561,409 | 594,930 | -158,351 | 1,191,613 |
| Creditors | 749,483 | -32,309 | -22,448 | 517,944 |
| Accruals and Deferred Income | 1,043,308 | -270,018 | 317,717 | 824,517 |
| Deferred Taxes & Provisions | 1,435,533 | 258,850 | 112,000 | 366,000 |
| Cash flow from operations | 6,731,153 | 2,438,128 | 2,487,045 | 1,677,400 |
| Investing Activities | ||||
| capital expenditure | 0 | 0 | 0 | 0 |
| Change in Investments | 254,975 | -1 | 0 | 103,228 |
| cash flow from investments | -254,975 | 1 | 0 | -103,228 |
| Financing Activities | ||||
| Bank loans | 64,405 | -2,370 | 60,786 | 30,402 |
| Group/Directors Accounts | 0 | -42,385 | -24,232 | 66,617 |
| Other Short Term Loans | 185,700 | 98,626 | -121,264 | 227,186 |
| Long term loans | 4,892,427 | 339,551 | 1,016,309 | 1,013,839 |
| Hire Purchase and Lease Commitments | 4,943,060 | 324,158 | -290,573 | 3,650,136 |
| other long term liabilities | 0 | 0 | 0 | 0 |
| share issue | ||||
| interest | -838,760 | -388,512 | -415,949 | -466,873 |
| cash flow from financing | 13,722,696 | 329,068 | 225,073 | 6,304,294 |
| cash and cash equivalents | ||||
| cash | 3,319,552 | 869,671 | 79,347 | 450,775 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | 3,319,552 | 869,671 | 79,347 | 450,775 |
richford holdings limited Credit Report and Business Information
Richford Holdings Limited Competitor Analysis
Perform a competitor analysis for richford holdings limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in DE55 area or any other competitors across 12 key performance metrics.
richford holdings limited Ownership
RICHFORD HOLDINGS LIMITED group structure
Richford Holdings Limited has 3 subsidiary companies.
Ultimate parent company
RICHFORD HOLDINGS LIMITED
11726379
3 subsidiaries
richford holdings limited directors
Richford Holdings Limited currently has 1 director, Mr Philip Richford serving since Dec 2018.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Philip Richford | England | 52 years | Dec 2018 | - | Director |
P&L
March 2023turnover
19.5m
0%
operating profit
5.5m
0%
gross margin
80.5%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
8.2m
0%
total assets
21.5m
0%
cash
3.3m
0%
net assets
Total assets minus all liabilities
richford holdings limited company details
company number
11726379
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
December 2018
age
6
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
SIBBALDS LIMITED
address
c/o richford motor services limi, dunsford road, alfreton, derbyshire, DE55 7RH
Bank
-
Legal Advisor
-
richford holdings 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 found 1 charges/mortgages relating to richford holdings limited. Currently there are 1 open charges and 0 have been satisfied in the past.
richford holdings limited 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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richford holdings limited Companies House Filings - See Documents
| date | description | view/download |
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