the ridings 2023 ltd
the ridings 2023 ltd Company Information
Company Number
14547315
Website
-Registered Address
the ridings shopping centre, almshouse lane, wakefield, WF1 1DS
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Buying and selling of own real estate
Telephone
-
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
zahid iqbal 50%
ferzana iqbal 50%
the ridings 2023 ltd Estimated Valuation
Pomanda estimates the enterprise value of THE RIDINGS 2023 LTD at £4.9m based on a Turnover of £1.7m and 2.81x industry multiple (adjusted for size and gross margin).
the ridings 2023 ltd Estimated Valuation
Pomanda estimates the enterprise value of THE RIDINGS 2023 LTD at £4.3m based on an EBITDA of £628.9k and a 6.83x industry multiple (adjusted for size and gross margin).
the ridings 2023 ltd Estimated Valuation
Pomanda estimates the enterprise value of THE RIDINGS 2023 LTD at £376.8k based on Net Assets of £244.8k and 1.54x industry multiple (adjusted for liquidity).
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The Ridings 2023 Ltd Overview
The Ridings 2023 Ltd is a live company located in wakefield, WF1 1DS with a Companies House number of 14547315. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in December 2022, it's largest shareholder is zahid iqbal with a 50% stake. The Ridings 2023 Ltd is a startup, small sized company, Pomanda has estimated its turnover at £1.7m with unknown growth in recent years.
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The Ridings 2023 Ltd Health Check
Pomanda's financial health check has awarded The Ridings 2023 Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
3 Weak
Size
annual sales of £1.7m, make it larger than the average company (£957.8k)
- The Ridings 2023 Ltd
£957.8k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- The Ridings 2023 Ltd
- - Industry AVG
Production
with a gross margin of 72.7%, this company has a comparable cost of product (72.7%)
- The Ridings 2023 Ltd
72.7% - Industry AVG
Profitability
an operating margin of 34.9% make it more profitable than the average company (26%)
- The Ridings 2023 Ltd
26% - Industry AVG
Employees
with 2 employees, this is below the industry average (4)
2 - The Ridings 2023 Ltd
4 - Industry AVG
Pay Structure
on an average salary of £35.9k, the company has an equivalent pay structure (£35.9k)
- The Ridings 2023 Ltd
£35.9k - Industry AVG
Efficiency
resulting in sales per employee of £867.2k, this is more efficient (£193.3k)
- The Ridings 2023 Ltd
£193.3k - Industry AVG
Debtor Days
it gets paid by customers after 48 days, this is later than average (28 days)
- The Ridings 2023 Ltd
28 days - Industry AVG
Creditor Days
its suppliers are paid after 160 days, this is slower than average (33 days)
- The Ridings 2023 Ltd
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- The Ridings 2023 Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 34 weeks, this is more cash available to meet short term requirements (10 weeks)
34 weeks - The Ridings 2023 Ltd
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 95.7%, this is a higher level of debt than the average (65.8%)
95.7% - The Ridings 2023 Ltd
65.8% - Industry AVG
THE RIDINGS 2023 LTD financials
The Ridings 2023 Ltd's latest turnover from December 2023 is estimated at £1.7 million and the company has net assets of £244.8 thousand. According to their latest financial statements, The Ridings 2023 Ltd has 2 employees and maintains cash reserves of £209.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | |
|---|---|
| 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 | 2 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | |
|---|---|
| Tangible Assets | 5,263,968 |
| Intangible Assets | 0 |
| Investments & Other | 0 |
| Debtors (Due After 1 year) | 0 |
| Total Fixed Assets | 5,263,968 |
| Stock & work in progress | 0 |
| Trade Debtors | 231,930 |
| Group Debtors | 0 |
| Misc Debtors | 25,575 |
| Cash | 209,416 |
| misc current assets | 0 |
| total current assets | 466,921 |
| total assets | 5,730,889 |
| Bank overdraft | 0 |
| Bank loan | 0 |
| Trade Creditors | 208,220 |
| Group/Directors Accounts | 0 |
| other short term finances | 0 |
| hp & lease commitments | 0 |
| other current liabilities | 105,642 |
| total current liabilities | 313,862 |
| loans | 5,172,181 |
| hp & lease commitments | 0 |
| Accruals and Deferred Income | 0 |
| other liabilities | 0 |
| provisions | 0 |
| total long term liabilities | 5,172,181 |
| total liabilities | 5,486,043 |
| net assets | 244,846 |
| total shareholders funds | 244,846 |
| Dec 2023 | |
|---|---|
| Operating Activities | |
| Operating Profit | |
| Depreciation | 23,334 |
| Amortisation | 0 |
| Tax | |
| Stock | 0 |
| Debtors | 257,505 |
| Creditors | 208,220 |
| Accruals and Deferred Income | 105,642 |
| Deferred Taxes & Provisions | 0 |
| Cash flow from operations | |
| Investing Activities | |
| capital expenditure | |
| Change in Investments | 0 |
| cash flow from investments | |
| Financing Activities | |
| Bank loans | 0 |
| Group/Directors Accounts | 0 |
| Other Short Term Loans | 0 |
| Long term loans | 5,172,181 |
| Hire Purchase and Lease Commitments | 0 |
| other long term liabilities | 0 |
| share issue | |
| interest | |
| cash flow from financing | |
| cash and cash equivalents | |
| cash | 209,416 |
| overdraft | 0 |
| change in cash | 209,416 |
the ridings 2023 ltd Credit Report and Business Information
The Ridings 2023 Ltd Competitor Analysis
Perform a competitor analysis for the ridings 2023 ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in WF1 area or any other competitors across 12 key performance metrics.
the ridings 2023 ltd Ownership
THE RIDINGS 2023 LTD group structure
The Ridings 2023 Ltd has no subsidiary companies.
Ultimate parent company
THE RIDINGS 2023 LTD
14547315
the ridings 2023 ltd directors
The Ridings 2023 Ltd currently has 2 directors. The longest serving directors include Mr Zahid Iqbal (Dec 2022) and Mrs Ferzana Iqbal (Dec 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Zahid Iqbal | England | 60 years | Dec 2022 | - | Director |
| Mrs Ferzana Iqbal | England | 56 years | Dec 2022 | - | Director |
P&L
December 2023turnover
1.7m
0%
operating profit
605.6k
0%
gross margin
72.7%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
244.8k
0%
total assets
5.7m
0%
cash
209.4k
0%
net assets
Total assets minus all liabilities
Similar Companies
the ridings 2023 ltd company details
company number
14547315
Type
Private limited with Share Capital
industry
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
68100 - Buying and selling of own real estate
incorporation date
December 2022
age
2
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
N/A
accountant
HD ACCOUNTANCY SERVICES
auditor
-
address
the ridings shopping centre, almshouse lane, wakefield, WF1 1DS
Bank
-
Legal Advisor
-
the ridings 2023 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 3 charges/mortgages relating to the ridings 2023 ltd. Currently there are 2 open charges and 1 have been satisfied in the past.
the ridings 2023 ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
