Pomanda estimates the enterprise value of RITE VU LTD at £277k based on a Turnover of £453.9k and 0.61x industry multiple (adjusted for size and gross margin).
rite vu ltdEstimated Valuation
£31.7k
Pomanda estimates the enterprise value of RITE VU LTD at £31.7k based on an EBITDA of £8.2k and a 3.84x industry multiple (adjusted for size and gross margin).
rite vu ltdEstimated Valuation
£31.1k
Pomanda estimates the enterprise value of RITE VU LTD at £31.1k based on Net Assets of £11.2k and 2.78x industry multiple (adjusted for liquidity).
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Rite Vu LtdOverview
Rite Vu Ltd is a live company located in glasgow, G72 7TS with a Companies House number of SC239780. It operates in the retail sale by opticians sector, SIC Code 47782. Founded in November 2002, it's largest shareholder is
modern eyewear limited
with a 100% stake. Rite Vu Ltd is a mature,
micro sized company, Pomanda has estimated its turnover at
£453.9k with
low
growth in recent years.
Pomanda's financial health check has awarded Rite Vu Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
Health Rating2out of 5
2 Strong
3 Regular
7 Weak
Size
annual sales of £453.9k, make it smaller than the average company (£3.6m)
£453.9k - Rite Vu Ltd
£3.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (8.5%)
3% - Rite Vu Ltd
8.5% - Industry AVG
Production
with a gross margin of 68.7%, this company has a comparable cost of product (68.7%)
68.7% - Rite Vu Ltd
68.7% - Industry AVG
Profitability
an operating margin of -1.4% make it less profitable than the average company (3.4%)
-1.4% - Rite Vu Ltd
3.4% - Industry AVG
Employees
with 6 employees, this is below the industry average (19)
6 - Rite Vu Ltd
19 - Industry AVG
Pay Structure
on an average salary of £30.5k, the company has an equivalent pay structure (£30.5k)
£30.5k - Rite Vu Ltd
£30.5k - Industry AVG
Efficiency
resulting in sales per employee of £75.6k, this is less efficient (£101.5k)
£75.6k - Rite Vu Ltd
£101.5k - Industry AVG
Debtor Days
it gets paid by customers after 10 days, this is earlier than average (14 days)
10 days - Rite Vu Ltd
14 days - Industry AVG
Creditor Days
its suppliers are paid after 115 days, this is slower than average (71 days)
115 days - Rite Vu Ltd
71 days - Industry AVG
Stock Days
it holds stock equivalent to 53 days, this is in line with average (51 days)
53 days - Rite Vu Ltd
51 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 5 weeks, this is less cash available to meet short term requirements (9 weeks)
5 weeks - Rite Vu Ltd
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 88%, this is a higher level of debt than the average (65.9%)
88% - Rite Vu Ltd
65.9% - Industry AVG
RITE VU LTD financials
EXPORT
Rite Vu Ltd's latest turnover from September 2023 is estimated at £453.9 thousand and the company has net assets of £11.2 thousand. According to their latest financial statements, Rite Vu Ltd has 6 employees and maintains cash reserves of £6.5 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Sep 2016
Nov 2015
Nov 2014
Nov 2013
Nov 2012
Nov 2011
Nov 2010
Nov 2009
Turnover
453,853
273,573
272,457
413,492
700,246
581,416
425,762
373,075
Other Income Or Grants
Cost Of Sales
142,057
83,424
84,380
118,906
195,059
163,631
121,176
100,427
Gross Profit
311,797
190,149
188,077
294,587
505,187
417,785
304,586
272,648
Admin Expenses
318,163
195,422
171,308
294,895
488,351
401,615
286,195
282,580
Operating Profit
-6,366
-5,273
16,769
-308
16,836
16,170
18,391
-9,932
Interest Payable
3,206
3,094
3,764
5,261
6,894
3,819
Interest Receivable
560
366
13
5
4
32
39
29
Pre-Tax Profit
-9,013
-8,001
13,019
-5,565
9,946
12,383
18,430
-9,903
Tax
-2,474
-1,890
-2,353
-3,502
Profit After Tax
-9,013
-8,001
10,545
-5,565
8,056
10,030
14,928
-9,903
Dividends Paid
Retained Profit
-9,013
-8,001
10,545
-5,565
8,056
10,030
14,928
-9,903
Employee Costs
183,027
148,002
159,181
119,163
148,442
148,442
116,704
111,685
Number Of Employees
6
5
6
6
6
6
5
5
EBITDA*
8,238
10,699
36,534
19,100
36,243
34,019
31,232
-8,266
* Earnings Before Interest, Tax, Depreciation and Amortisation
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Sep 2016
Nov 2015
Nov 2014
Nov 2013
Nov 2012
Nov 2011
Nov 2010
Nov 2009
Tangible Assets
2,716
1,780
3,752
7,867
13,575
19,007
20,601
9,834
Intangible Assets
45,400
59,100
72,800
86,500
100,200
113,900
79,500
88,500
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
48,116
60,880
76,552
94,367
113,775
132,907
100,101
98,334
Stock & work in progress
21,000
21,000
16,000
25,000
28,000
25,000
14,000
4,000
Trade Debtors
13,041
5,870
8,438
17,049
31,144
29,867
25,927
16,734
Group Debtors
5,890
Misc Debtors
4,661
4,057
4,214
6,062
7,727
7,594
Cash
6,501
14,820
17,720
9,198
100
864
7,619
23,245
100
100
misc current assets
total current assets
45,203
45,747
52,262
57,309
66,971
63,325
47,546
43,979
100
100
total assets
93,319
106,627
128,814
151,676
180,746
196,232
147,647
142,313
100
100
Bank overdraft
869
Bank loan
9,000
9,000
9,000
Trade Creditors
45,030
39,491
45,863
25,261
50,127
48,448
40,296
36,590
Group/Directors Accounts
5,369
7,141
other short term finances
hp & lease commitments
other current liabilities
7,743
6,805
12,760
27,371
16,304
19,474
total current liabilities
67,142
62,437
67,623
52,632
67,300
67,922
40,296
36,590
loans
15,000
24,000
33,000
81,398
90,235
113,155
hp & lease commitments
Accruals and Deferred Income
other liabilities
102,226
115,526
provisions
total long term liabilities
15,000
24,000
33,000
81,398
90,235
113,155
102,226
115,526
total liabilities
82,142
86,437
100,623
134,030
157,535
181,077
142,522
152,116
net assets
11,177
20,190
28,191
17,646
23,211
15,155
5,125
-9,803
100
100
total shareholders funds
11,177
20,190
28,191
17,646
23,211
15,155
5,125
-9,803
100
100
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Sep 2016
Nov 2015
Nov 2014
Nov 2013
Nov 2012
Nov 2011
Nov 2010
Nov 2009
Operating Activities
Operating Profit
-6,366
-5,273
16,769
-308
16,836
16,170
18,391
-9,932
Depreciation
904
2,272
6,065
5,708
5,707
5,249
3,841
166
Amortisation
13,700
13,700
13,700
13,700
13,700
12,600
9,000
1,500
Tax
-2,474
-1,890
-2,353
-3,502
Stock
5,000
-9,000
-3,000
3,000
11,000
10,000
4,000
Debtors
7,775
-8,615
-4,569
-15,760
1,410
11,534
9,193
16,734
Creditors
5,539
-6,372
20,602
-24,866
1,679
8,152
3,706
36,590
Accruals and Deferred Income
938
-5,955
-14,611
11,067
-3,170
19,474
Deferred Taxes & Provisions
Cash flow from operations
6,940
1,987
53,620
24,061
28,452
36,758
12,243
7,590
Investing Activities
capital expenditure
-1,840
-300
-1,950
-275
-50,655
-14,608
-100,000
Change in Investments
cash flow from investments
-1,840
-300
-1,950
-275
-50,655
-14,608
-100,000
Financing Activities
Bank loans
9,000
Group/Directors Accounts
-1,772
7,141
Other Short Term Loans
Long term loans
-9,000
-9,000
-48,398
-8,837
-22,920
113,155
Hire Purchase and Lease Commitments
other long term liabilities
-102,226
-13,300
115,526
share issue
100
-100
100
interest
-2,646
-2,728
-3,751
-5,256
-6,890
-3,787
39
29
cash flow from financing
-13,418
-4,587
-43,149
-14,093
-29,810
7,142
-13,261
115,555
100
-100
100
cash and cash equivalents
cash
-8,319
-2,900
8,522
9,098
-764
-6,755
-15,626
23,145
100
-100
100
overdraft
-869
869
change in cash
-8,319
-2,900
8,522
9,967
-1,633
-6,755
-15,626
23,145
100
-100
100
rite vu ltd 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 rite vu ltd. Get real-time insights into rite vu ltd's credit score, group structure and payment trends.
Perform a competitor analysis for rite vu ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in G72 area or any other competitors across 12 key performance metrics.
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rite vu ltd 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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rite vu ltdCompanies House Filings - See Documents
