r a & c e platt limited
r a & c e platt limited Company Information
Company Number
12552948
Website
-Registered Address
miners park miners road, llay industrial estate north, wrexham, LL12 0PJ
Industry
Activities of agricultural holding companies
Telephone
01978854666
Next Accounts Due
January 2025
Group Structure
View All
Shareholders
christine elizabeth platt 40%
robert anthony platt 40%
View Allr a & c e platt limited Estimated Valuation
Pomanda estimates the enterprise value of R A & C E PLATT LIMITED at £12m based on a Turnover of £7.8m and 1.53x industry multiple (adjusted for size and gross margin).
r a & c e platt limited Estimated Valuation
Pomanda estimates the enterprise value of R A & C E PLATT LIMITED at £7.5m based on an EBITDA of £878.4k and a 8.5x industry multiple (adjusted for size and gross margin).
r a & c e platt limited Estimated Valuation
Pomanda estimates the enterprise value of R A & C E PLATT LIMITED at £5.6m based on Net Assets of £3.9m and 1.42x industry multiple (adjusted for liquidity).
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R A & C E Platt Limited Overview
R A & C E Platt Limited is a live company located in wrexham, LL12 0PJ with a Companies House number of 12552948. It operates in the activities of agricultural holding companies sector, SIC Code 64201. Founded in April 2020, it's largest shareholder is christine elizabeth platt with a 40% stake. R A & C E Platt Limited is a startup, mid sized company, Pomanda has estimated its turnover at £7.8m with healthy growth in recent years.
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R A & C E Platt Limited Health Check
Pomanda's financial health check has awarded R A & C E Platt Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 7 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
7 Weak
Size
annual sales of £7.8m, make it smaller than the average company (£19m)
£7.8m - R A & C E Platt Limited
£19m - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (8.5%)
5% - R A & C E Platt Limited
8.5% - Industry AVG
Production
with a gross margin of 31.7%, this company has a lower cost of product (22.8%)
31.7% - R A & C E Platt Limited
22.8% - Industry AVG
Profitability
an operating margin of 4.3% make it less profitable than the average company (5.8%)
4.3% - R A & C E Platt Limited
5.8% - Industry AVG
Employees
with 65 employees, this is below the industry average (119)
65 - R A & C E Platt Limited
119 - Industry AVG
Pay Structure
on an average salary of £36.7k, the company has an equivalent pay structure (£36.2k)
£36.7k - R A & C E Platt Limited
£36.2k - Industry AVG
Efficiency
resulting in sales per employee of £120.4k, this is less efficient (£174.5k)
£120.4k - R A & C E Platt Limited
£174.5k - Industry AVG
Debtor Days
it gets paid by customers after 19 days, this is earlier than average (36 days)
19 days - R A & C E Platt Limited
36 days - Industry AVG
Creditor Days
its suppliers are paid after 31 days, this is quicker than average (39 days)
31 days - R A & C E Platt Limited
39 days - Industry AVG
Stock Days
it holds stock equivalent to 6 days, this is less than average (37 days)
6 days - R A & C E Platt Limited
37 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 20 weeks, this is more cash available to meet short term requirements (12 weeks)
20 weeks - R A & C E Platt Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 52.3%, this is a higher level of debt than the average (46.3%)
52.3% - R A & C E Platt Limited
46.3% - Industry AVG
r a & c e platt limited Credit Report and Business Information
R A & C E Platt Limited Competitor Analysis
Perform a competitor analysis for r a & c e platt limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
r a & c e platt limited Ownership
R A & C E PLATT LIMITED group structure
R A & C E Platt Limited has 2 subsidiary companies.
Ultimate parent company
R A & C E PLATT LIMITED
12552948
2 subsidiaries
r a & c e platt limited directors
R A & C E Platt Limited currently has 4 directors. The longest serving directors include Mrs Caroline Platt (Apr 2020) and Mr Robert Platt (Apr 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Caroline Platt | 51 years | Apr 2020 | - | Director | |
| Mr Robert Platt | 75 years | Apr 2020 | - | Director | |
| Mrs Christine Platt | 73 years | Apr 2020 | - | Director | |
| Mr Christopher Whittaker | United Kingdom | 27 years | Mar 2021 | - | Director |
R A & C E PLATT LIMITED financials
R A & C E Platt Limited's latest turnover from April 2023 is £7.8 million and the company has net assets of £3.9 million. According to their latest financial statements, R A & C E Platt Limited has 65 employees and maintains cash reserves of £565.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | |
|---|---|---|---|---|
| Turnover | 7,827,678 | 6,295,101 | 7,119,033 | 6,682,697 |
| Other Income Or Grants | 0 | 0 | 0 | 0 |
| Cost Of Sales | 5,343,792 | 4,508,089 | 4,314,685 | 4,190,392 |
| Gross Profit | 2,483,886 | 1,787,012 | 2,804,348 | 2,492,305 |
| Admin Expenses | 2,146,449 | 1,675,417 | 1,528,354 | 1,739,080 |
| Operating Profit | 337,437 | 111,595 | 1,275,994 | 753,225 |
| Interest Payable | 136,644 | 26,075 | 30,335 | 44,087 |
| Interest Receivable | 135 | 121 | 270 | 330 |
| Pre-Tax Profit | 200,928 | 85,641 | 1,245,929 | 709,468 |
| Tax | 51,854 | -118,831 | -241,021 | -162,915 |
| Profit After Tax | 252,782 | -33,190 | 1,004,908 | 546,553 |
| Dividends Paid | 450,088 | 392,237 | 205,833 | 0 |
| Retained Profit | -197,306 | -425,427 | 799,075 | 546,553 |
| Employee Costs | 2,386,110 | 2,116,057 | 2,114,352 | 2,162,338 |
| Number Of Employees | 65 | 56 | 54 | 56 |
| EBITDA* | 878,432 | 518,186 | 1,694,598 | 1,231,891 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | |
|---|---|---|---|---|
| Tangible Assets | 6,333,637 | 3,681,815 | 3,327,677 | 3,569,198 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 106,075 | 3,100 | 0 | 0 |
| Total Fixed Assets | 6,439,712 | 3,684,915 | 3,327,677 | 3,569,198 |
| Stock & work in progress | 101,043 | 180,986 | 181,327 | 66,907 |
| Trade Debtors | 423,946 | 531,203 | 271,229 | 287,715 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 652,374 | 705,857 | 683,094 | 264,324 |
| Cash | 565,488 | 864,333 | 1,781,213 | 1,216,483 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 1,742,851 | 2,282,379 | 2,916,863 | 1,835,429 |
| total assets | 8,182,563 | 5,967,294 | 6,244,540 | 5,404,627 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 46,867 | 0 | 0 | 97,386 |
| Trade Creditors | 468,014 | 604,311 | 409,630 | 223,145 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| other short term finances | 105,491 | 100,208 | 0 | 0 |
| hp & lease commitments | 450,726 | 83,459 | 21,646 | 42,365 |
| other current liabilities | 366,783 | 359,374 | 878,431 | 470,218 |
| total current liabilities | 1,437,881 | 1,147,352 | 1,309,707 | 833,114 |
| loans | 911,830 | 0 | 0 | 461,132 |
| hp & lease commitments | 1,403,835 | 258,898 | 69,993 | 12,642 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 |
| provisions | 524,572 | 459,293 | 337,662 | 369,636 |
| total long term liabilities | 2,840,237 | 718,191 | 407,655 | 843,410 |
| total liabilities | 4,278,118 | 1,865,543 | 1,717,362 | 1,676,524 |
| net assets | 3,904,445 | 4,101,751 | 4,527,178 | 3,728,103 |
| total shareholders funds | 3,904,445 | 4,101,751 | 4,527,178 | 3,728,103 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | 337,437 | 111,595 | 1,275,994 | 753,225 |
| Depreciation | 540,995 | 406,591 | 418,604 | 478,666 |
| Amortisation | 0 | 0 | 0 | 0 |
| Tax | 51,854 | -118,831 | -241,021 | -162,915 |
| Stock | -79,943 | -341 | 114,420 | 66,907 |
| Debtors | -57,765 | 285,837 | 402,284 | 552,039 |
| Creditors | -136,297 | 194,681 | 186,485 | 223,145 |
| Accruals and Deferred Income | 7,409 | -519,057 | 408,213 | 470,218 |
| Deferred Taxes & Provisions | 65,279 | 121,631 | -31,974 | 369,636 |
| Cash flow from operations | 1,004,385 | -88,886 | 1,499,597 | 1,513,029 |
| Investing Activities | ||||
| capital expenditure | 0 | 0 | 0 | 0 |
| Change in Investments | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 |
| Financing Activities | ||||
| Bank loans | 46,867 | 0 | -97,386 | 97,386 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 5,283 | 100,208 | 0 | 0 |
| Long term loans | 911,830 | 0 | -461,132 | 461,132 |
| Hire Purchase and Lease Commitments | 1,512,204 | 250,718 | 36,632 | 55,007 |
| other long term liabilities | 0 | 0 | 0 | 0 |
| share issue | ||||
| interest | -136,509 | -25,954 | -30,065 | -43,757 |
| cash flow from financing | 2,339,675 | 324,972 | -551,951 | 3,751,318 |
| cash and cash equivalents | ||||
| cash | -298,845 | -916,880 | 564,730 | 1,216,483 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | -298,845 | -916,880 | 564,730 | 1,216,483 |
P&L
April 2023turnover
7.8m
+24%
operating profit
337.4k
+202%
gross margin
31.8%
+11.78%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
3.9m
-0.05%
total assets
8.2m
+0.37%
cash
565.5k
-0.35%
net assets
Total assets minus all liabilities
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r a & c e platt limited company details
company number
12552948
Type
Private limited with Share Capital
industry
64201 - Activities of agricultural holding companies
incorporation date
April 2020
age
4
accounts
Group
ultimate parent company
previous names
platts (topco) limited (May 2020)
platts agriculture limited (May 2020)
incorporated
UK
address
miners park miners road, llay industrial estate north, wrexham, LL12 0PJ
last accounts submitted
April 2023
r a & c e platt 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 3 charges/mortgages relating to r a & c e platt limited. Currently there are 3 open charges and 0 have been satisfied in the past.
r a & c e platt limited Companies House Filings - See Documents
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