Pomanda estimates the enterprise value of RICOR NORTH EAST LIMITED at £8.4m based on a Turnover of £19.6m and 0.43x industry multiple (adjusted for size and gross margin).
ricor north east limitedEstimated Valuation
£8.6m
Pomanda estimates the enterprise value of RICOR NORTH EAST LIMITED at £8.6m based on an EBITDA of £2.2m and a 3.97x industry multiple (adjusted for size and gross margin).
ricor north east limitedEstimated Valuation
£3.1m
Pomanda estimates the enterprise value of RICOR NORTH EAST LIMITED at £3.1m based on Net Assets of £2m and 1.58x industry multiple (adjusted for liquidity).
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Ricor North East LimitedOverview
Ricor North East Limited is a live company located in studley, B80 7AS with a Companies House number of 12624700. It operates in the manufacture of other parts and accessories for motor vehicles sector, SIC Code 29320. Founded in May 2020, it's largest shareholder is
ricor global limited
with a 100% stake. Ricor North East Limited is a young,
mid sized company, Pomanda has estimated its turnover at
£19.6m with
rapid
growth in recent years.
Pomanda's financial health check has awarded Ricor North East Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs
Health Rating4.5out of 5
3 Strong
6 Regular
3 Weak
Size
annual sales of £19.6m, make it in line with the average company (£22m)
£19.6m - Ricor North East Limited
£22m - Industry AVG
Growth
3 year (CAGR) sales growth of 42%, show it is growing at a faster rate (8.6%)
42% - Ricor North East Limited
8.6% - Industry AVG
Production
with a gross margin of 22.1%, this company has a comparable cost of product (21.1%)
22.1% - Ricor North East Limited
21.1% - Industry AVG
Profitability
an operating margin of 9.2% make it more profitable than the average company (3.7%)
9.2% - Ricor North East Limited
3.7% - Industry AVG
Employees
with 87 employees, this is below the industry average (116)
87 - Ricor North East Limited
116 - Industry AVG
Pay Structure
on an average salary of £36.8k, the company has an equivalent pay structure (£41k)
£36.8k - Ricor North East Limited
£41k - Industry AVG
Efficiency
resulting in sales per employee of £225.1k, this is equally as efficient (£200.9k)
£225.1k - Ricor North East Limited
£200.9k - Industry AVG
Debtor Days
it gets paid by customers after 40 days, this is near the average (50 days)
40 days - Ricor North East Limited
50 days - Industry AVG
Creditor Days
its suppliers are paid after 27 days, this is quicker than average (37 days)
27 days - Ricor North East Limited
37 days - Industry AVG
Stock Days
it holds stock equivalent to 23 days, this is less than average (55 days)
23 days - Ricor North East Limited
55 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 8 weeks, this is average cash available to meet short term requirements (7 weeks)
8 weeks - Ricor North East Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 72.6%, this is a higher level of debt than the average (61.7%)
72.6% - Ricor North East Limited
61.7% - Industry AVG
RICOR NORTH EAST LIMITED financials
EXPORT
Ricor North East Limited's latest turnover from March 2024 is £19.6 million and the company has net assets of £2 million. According to their latest financial statements, Ricor North East Limited has 87 employees and maintains cash reserves of £765.2 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Turnover
19,582,132
12,366,657
7,340,383
6,846,614
Other Income Or Grants
Cost Of Sales
15,262,733
9,910,241
5,906,733
5,596,393
Gross Profit
4,319,399
2,456,416
1,433,649
1,250,222
Admin Expenses
2,520,965
1,927,019
1,540,255
991,836
Operating Profit
1,798,434
529,397
-106,606
258,386
Interest Payable
158,166
137,965
35,495
4,075
Interest Receivable
15,198
2,798
55
Pre-Tax Profit
1,640,268
406,631
-139,303
254,365
Tax
-128,291
-77,260
-48,329
Profit After Tax
1,511,977
329,371
-139,303
206,036
Dividends Paid
Retained Profit
1,511,977
329,371
-139,303
206,036
Employee Costs
3,205,148
2,806,019
2,304,719
2,598,116
Number Of Employees
87
71
64
76
EBITDA*
2,159,468
801,478
158,064
543,583
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Tangible Assets
1,592,553
1,593,538
1,586,745
1,201,860
Intangible Assets
-377,130
-435,731
-467,219
-410,073
Investments & Other
Debtors (Due After 1 year)
10,000
20,000
30,000
40,000
Total Fixed Assets
1,225,423
1,177,807
1,149,526
831,787
Stock & work in progress
976,182
1,066,100
704,293
567,196
Trade Debtors
2,172,024
3,162,233
1,279,162
1,305,743
Group Debtors
1,741,990
1,144,635
123,753
1,316
Misc Debtors
271,502
140,145
207,217
198,194
Cash
765,230
78,144
637,064
109,122
misc current assets
total current assets
5,926,928
5,591,257
2,951,489
2,181,571
total assets
7,152,351
6,769,064
4,101,015
3,013,358
Bank overdraft
Bank loan
1,798,004
1,773,884
918,109
133,603
Trade Creditors
1,149,114
1,155,308
995,430
771,639
Group/Directors Accounts
234,804
966,155
1,034,517
897,197
other short term finances
hp & lease commitments
88,634
other current liabilities
1,667,180
2,210,736
711,894
705,266
total current liabilities
4,849,102
6,106,083
3,659,950
2,596,339
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
345,168
216,877
324,332
160,983
total long term liabilities
345,168
216,877
324,332
160,983
total liabilities
5,194,270
6,322,960
3,984,282
2,757,322
net assets
1,958,081
446,104
116,733
256,036
total shareholders funds
1,958,081
446,104
116,733
256,036
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Operating Activities
Operating Profit
1,798,434
529,397
-106,606
258,386
Depreciation
302,433
240,593
207,524
60,851
Amortisation
58,601
31,488
57,146
224,346
Tax
-128,291
-77,260
-48,329
Stock
-89,918
361,807
137,097
567,196
Debtors
-271,497
2,826,881
94,879
1,545,253
Creditors
-6,194
159,878
223,791
771,639
Accruals and Deferred Income
-543,556
1,498,842
6,628
705,266
Deferred Taxes & Provisions
128,291
-107,455
163,349
160,983
Cash flow from operations
1,971,133
-913,205
319,856
20,693
Investing Activities
capital expenditure
-418,650
-310,362
-592,409
-1,076,984
Change in Investments
cash flow from investments
-418,650
-310,362
-592,409
-1,076,984
Financing Activities
Bank loans
24,120
855,775
784,506
133,603
Group/Directors Accounts
-731,351
-68,362
137,320
897,197
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
-88,634
88,634
other long term liabilities
share issue
50,000
interest
-158,166
-122,767
-32,697
-4,020
cash flow from financing
-865,397
664,646
800,495
1,165,414
cash and cash equivalents
cash
687,086
-558,920
527,942
109,122
overdraft
change in cash
687,086
-558,920
527,942
109,122
ricor north east limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for ricor north east limited. Get real-time insights into ricor north east limited's credit score, group structure and payment trends.
Perform a competitor analysis for ricor north east limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in B80 area or any other competitors across 12 key performance metrics.
ricor north east limited Ownership
RICOR NORTH EAST LIMITED group structure
Ricor North East Limited has no subsidiary companies.
The sole shareholder of Ricor North East Limited is Ricor Global Limited.
ricor global limited
100%
ricor north east limited directors
Ricor North East Limited currently has 3 directors.
The longest serving directors include
Mr Brian Haigney (Sep 2020) and
Mr David Johanson (Sep 2020).
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 7 charges/mortgages relating to ricor north east limited. Currently there are 7 open charges and 0 have been satisfied in the past.
ricor north east 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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ricor north east limitedCompanies House Filings - See Documents
