Pomanda estimates the enterprise value of REDHILL MANUFACTURING LIMITED at £1.9m based on a Turnover of £4.6m and 0.42x industry multiple (adjusted for size and gross margin).
redhill manufacturing limitedEstimated Valuation
£1.5m
Pomanda estimates the enterprise value of REDHILL MANUFACTURING LIMITED at £1.5m based on an EBITDA of £475.3k and a 3.25x industry multiple (adjusted for size and gross margin).
redhill manufacturing limitedEstimated Valuation
£4.8m
Pomanda estimates the enterprise value of REDHILL MANUFACTURING LIMITED at £4.8m based on Net Assets of £2.4m and 1.98x industry multiple (adjusted for liquidity).
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Redhill Manufacturing LimitedOverview
Redhill Manufacturing Limited is a live company located in redditch, B98 8YP with a Companies House number of 01346744. It operates in the manufacture of lifting and handling equipment sector, SIC Code 28220. Founded in January 1978, it's largest shareholder is
andrew colley
with a 60% stake. Redhill Manufacturing Limited is a mature,
small sized company, Pomanda has estimated its turnover at
£4.6m with
healthy
growth in recent years.
Pomanda's financial health check has awarded Redhill Manufacturing Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
5 Strong
2 Regular
5 Weak
Size
annual sales of £4.6m, make it smaller than the average company (£15m)
£4.6m - Redhill Manufacturing Limited
£15m - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (6.8%)
11% - Redhill Manufacturing Limited
6.8% - Industry AVG
Production
with a gross margin of 20.4%, this company has a higher cost of product (28.7%)
20.4% - Redhill Manufacturing Limited
28.7% - Industry AVG
Profitability
an operating margin of 9% make it more profitable than the average company (6%)
9% - Redhill Manufacturing Limited
6% - Industry AVG
Employees
with 45 employees, this is below the industry average (80)
45 - Redhill Manufacturing Limited
80 - Industry AVG
Pay Structure
on an average salary of £47.9k, the company has an equivalent pay structure (£47.9k)
£47.9k - Redhill Manufacturing Limited
£47.9k - Industry AVG
Efficiency
resulting in sales per employee of £101.2k, this is less efficient (£179.7k)
£101.2k - Redhill Manufacturing Limited
£179.7k - Industry AVG
Debtor Days
it gets paid by customers after 99 days, this is later than average (60 days)
99 days - Redhill Manufacturing Limited
60 days - Industry AVG
Creditor Days
its suppliers are paid after 99 days, this is slower than average (49 days)
99 days - Redhill Manufacturing Limited
49 days - Industry AVG
Stock Days
it holds stock equivalent to 54 days, this is in line with average (64 days)
54 days - Redhill Manufacturing Limited
64 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 31 weeks, this is more cash available to meet short term requirements (13 weeks)
31 weeks - Redhill Manufacturing Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 36.9%, this is a lower level of debt than the average (54.9%)
36.9% - Redhill Manufacturing Limited
54.9% - Industry AVG
REDHILL MANUFACTURING LIMITED financials
EXPORT
Redhill Manufacturing Limited's latest turnover from December 2023 is estimated at £4.6 million and the company has net assets of £2.4 million. According to their latest financial statements, Redhill Manufacturing Limited has 45 employees and maintains cash reserves of £596.3 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Turnover
4,555,822
4,423,224
3,922,591
3,357,487
3,411,193
3,359,547
3,480,745
3,587,546
2,535,649
2,495,081
2,576,185
1,790,104
1,767,994
1,735,302
Other Income Or Grants
Cost Of Sales
3,625,853
3,490,258
3,095,449
2,646,810
2,654,976
2,611,568
2,729,715
2,835,079
2,004,546
1,959,233
2,009,657
1,388,350
1,349,275
1,320,171
Gross Profit
929,969
932,966
827,142
710,677
756,217
747,979
751,029
752,467
531,103
535,848
566,528
401,755
418,719
415,131
Admin Expenses
517,707
-449,359
833,530
1,144,305
661,631
807,686
740,485
737,500
518,732
493,126
478,308
396,767
353,191
412,008
-1,595,500
Operating Profit
412,262
1,382,325
-6,388
-433,628
94,586
-59,707
10,544
14,967
12,371
42,722
88,220
4,988
65,528
3,123
1,595,500
Interest Payable
Interest Receivable
49,347
26,155
775
538
5,577
6,802
4,544
2,083
3,861
3,225
3,138
2,810
2,794
3,037
1,383
Pre-Tax Profit
461,609
1,408,480
-5,613
-433,090
100,163
-52,905
15,088
17,050
16,231
45,947
91,358
7,797
68,322
6,160
1,596,883
Tax
-115,402
-267,611
-19,031
-2,867
-3,410
-3,246
-9,649
-21,012
-1,871
-17,764
-1,725
-447,127
Profit After Tax
346,207
1,140,869
-5,613
-433,090
81,132
-52,905
12,221
13,640
12,985
36,298
70,346
5,926
50,558
4,435
1,149,756
Dividends Paid
Retained Profit
346,207
1,140,869
-5,613
-433,090
81,132
-52,905
12,221
13,640
12,985
36,298
70,346
5,926
50,558
4,435
1,149,756
Employee Costs
2,157,218
1,987,472
1,923,486
1,887,954
2,006,473
1,910,415
1,855,042
1,829,329
429,876
416,059
376,763
257,882
281,437
303,968
Number Of Employees
45
44
45
45
48
47
47
46
11
11
10
7
8
9
EBITDA*
475,307
1,578,757
117,140
-287,931
218,868
54,317
140,243
175,632
177,191
169,875
204,096
101,396
153,584
104,636
1,692,746
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Tangible Assets
1,478,009
558,108
144,884
268,412
305,108
67,857
158,301
199,323
311,655
130,945
146,855
129,574
161,032
54,225
72,005
Intangible Assets
25,000
50,000
75,000
100,000
125,000
150,000
175,000
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
1,478,009
558,108
144,884
268,412
305,108
67,857
158,301
199,323
336,655
180,945
221,855
229,574
286,032
204,225
247,005
Stock & work in progress
542,184
304,296
520,102
383,200
362,900
350,424
277,101
248,319
232,643
244,516
233,416
226,370
223,275
194,674
153,918
Trade Debtors
1,238,183
1,270,357
1,119,422
808,517
796,686
741,357
799,735
925,703
768,668
783,248
818,497
539,942
615,754
554,213
469,018
Group Debtors
Misc Debtors
50,000
50,000
Cash
596,283
1,283,618
210,949
408,831
666,790
820,417
993,322
824,204
841,907
702,355
587,560
667,655
456,203
661,416
553,256
misc current assets
total current assets
2,376,650
2,858,271
1,850,473
1,600,548
1,826,376
1,912,198
2,070,158
1,998,226
1,843,218
1,730,119
1,689,473
1,483,967
1,295,232
1,410,303
1,176,192
total assets
3,854,659
3,416,379
1,995,357
1,868,960
2,131,484
1,980,055
2,228,459
2,197,549
2,179,873
1,911,064
1,911,328
1,713,541
1,581,264
1,614,528
1,423,197
Bank overdraft
Bank loan
Trade Creditors
993,297
1,190,729
825,878
594,650
520,196
652,306
792,940
716,696
648,914
593,645
626,740
502,766
372,299
460,237
273,341
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities
993,297
1,190,729
825,878
594,650
520,196
652,306
792,940
716,696
648,914
593,645
626,740
502,766
372,299
460,237
273,341
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
428,497
128,440
223,690
322,908
226,796
24,389
71,856
117,560
161,478
provisions
10,552
7,398
19,249
39,077
3,467
4,116
total long term liabilities
428,497
138,992
223,690
322,908
226,796
24,389
79,254
136,809
200,555
3,467
4,116
total liabilities
1,421,794
1,329,721
1,049,568
917,558
746,992
676,695
872,194
853,505
849,469
593,645
630,207
502,766
376,415
460,237
273,341
net assets
2,432,865
2,086,658
945,789
951,402
1,384,492
1,303,360
1,356,265
1,344,044
1,330,404
1,317,419
1,281,121
1,210,775
1,204,849
1,154,291
1,149,856
total shareholders funds
2,432,865
2,086,658
945,789
951,402
1,384,492
1,303,360
1,356,265
1,344,044
1,330,404
1,317,419
1,281,121
1,210,775
1,204,849
1,154,291
1,149,856
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Operating Activities
Operating Profit
412,262
1,382,325
-6,388
-433,628
94,586
-59,707
10,544
14,967
12,371
42,722
88,220
4,988
65,528
3,123
1,595,500
Depreciation
63,045
196,432
123,528
145,697
124,282
114,024
129,699
135,665
139,820
102,153
90,876
71,408
63,056
76,513
72,246
Amortisation
25,000
25,000
25,000
25,000
25,000
25,000
25,000
25,000
Tax
-115,402
-267,611
-19,031
-2,867
-3,410
-3,246
-9,649
-21,012
-1,871
-17,764
-1,725
-447,127
Stock
237,888
-215,806
136,902
20,300
12,476
73,323
28,782
15,676
-11,873
11,100
7,046
3,095
28,601
40,756
153,918
Debtors
-32,174
150,935
310,905
11,831
55,329
-58,378
-125,968
157,035
-14,580
-85,249
278,555
-25,812
61,541
85,195
469,018
Creditors
-197,432
364,851
231,228
74,454
-132,110
-140,634
76,244
67,782
55,269
-33,095
123,974
130,467
-87,938
186,896
273,341
Accruals and Deferred Income
Deferred Taxes & Provisions
-10,552
10,552
-7,398
-11,851
-19,828
39,077
-3,467
3,467
-4,116
4,116
Cash flow from operations
-53,793
1,751,420
-99,439
-245,608
-78
-108,660
298,955
47,465
294,744
197,813
24,924
248,593
-38,144
163,856
896,024
Investing Activities
capital expenditure
-982,946
-609,656
-109,001
-361,533
-23,580
-88,677
-23,333
-320,530
-86,243
-108,157
-39,950
-169,863
-58,733
-344,251
Change in Investments
cash flow from investments
-982,946
-609,656
-109,001
-361,533
-23,580
-88,677
-23,333
-320,530
-86,243
-108,157
-39,950
-169,863
-58,733
-344,251
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
300,057
-95,250
-99,218
96,112
202,407
-47,467
-45,704
-43,918
161,478
share issue
100
interest
49,347
26,155
775
538
5,577
6,802
4,544
2,083
3,861
3,225
3,138
2,810
2,794
3,037
1,383
cash flow from financing
349,404
-69,095
-98,443
96,650
207,984
-40,665
-41,160
-41,835
165,339
3,225
3,138
2,810
2,794
3,037
1,483
cash and cash equivalents
cash
-687,335
1,072,669
-197,882
-257,959
-153,627
-172,905
169,118
-17,703
139,552
114,795
-80,095
211,452
-205,213
108,160
553,256
overdraft
change in cash
-687,335
1,072,669
-197,882
-257,959
-153,627
-172,905
169,118
-17,703
139,552
114,795
-80,095
211,452
-205,213
108,160
553,256
redhill manufacturing 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 redhill manufacturing limited. Get real-time insights into redhill manufacturing limited's credit score, group structure and payment trends.
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redhill manufacturing limited Ownership
REDHILL MANUFACTURING LIMITED group structure
Redhill Manufacturing Limited has no subsidiary companies.
Ultimate parent company
REDHILL MANUFACTURING LIMITED
01346744
REDHILL MANUFACTURING LIMITED Shareholders
The largest shareholders in Redhill Manufacturing Limited include Andrew Colley and Samantha Colley.
andrew colley
60%
samantha colley
20%
jonathon colley
20%
redhill manufacturing limited directors
Redhill Manufacturing Limited currently has 3 directors.
The longest serving directors include
Mr Kenneth Colley (Jun 1991) and
Mrs Jane Colley (Aug 2001).
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023
net assets
2.4m
+0.17%
total assets
3.9m
+0.13%
cash
596.3k
-0.54%
net assets
Total assets minus all liabilities
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redhill manufacturing limited company details
company number
01346744
Type
Private limited with Share Capital
industry
28220 - Manufacture of lifting and handling equipment
incorporation date
January 1978
age
47
incorporated
UK
ultimate parent company
None
accounts
Unaudited Abridged
last accounts submitted
December 2023
previous names
redhill material handling limited (November 1992)
accountant
-
auditor
-
address
unit 13-15, lakeside industrial estate, redditch, worcestershire, B98 8YP
Bank
BARCLAYS BANK PLC
Legal Advisor
-
redhill manufacturing 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 4 charges/mortgages relating to redhill manufacturing limited. Currently there are 3 open charges and 1 have been satisfied in the past.
redhill manufacturing 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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redhill manufacturing limitedCompanies House Filings - See Documents
