Redcliffe Precision Limited

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redcliffe precision limited Company Information

Dissolved

Company Number

01348375

Website

www.redcliffeprecision.co.uk

Registered Address

c/o frp advisory trading limited, kings orchard, 1 queen street, bristol, BS2 0HQ

Industry

Machining

Telephone

01179635616

Next Accounts Due

October 2024

Group Structure

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Directors

Timothy Preston4 Years

Tim Preston4 Years

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Shareholders

kevin lawrence george sage 29.5%

michael david love 26.7%

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redcliffe precision limited Estimated Valuation

£1.4m

Pomanda estimates the enterprise value of REDCLIFFE PRECISION LIMITED at £1.4m based on a Turnover of £3.6m and 0.37x industry multiple (adjusted for size and gross margin).

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Redcliffe Precision Limited is a dissolved company that was located in 1 queen street, BS2 0HQ with a Companies House number of 01348375. It operated in the machining sector, SIC Code 25620. Founded in January 1978, it's largest shareholder was kevin lawrence george sage with a 29.5% stake. The last turnover for Redcliffe Precision Limited was estimated at £3.6m.

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Pomanda's financial health check has awarded Redcliffe Precision Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 9 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

1 Strong

2 Regular

9 Weak

Size

annual sales of £3.6m, make it smaller than the average company (£9.6m)

Growth

3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (4.9%)

EXPORT

Redcliffe Precision Limited's latest turnover from December 2019 is estimated at £3.6 million and the company has net assets of -£185.2 thousand. According to their latest financial statements, Redcliffe Precision Limited has 39 employees and maintains cash reserves of £121.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	3,614,297	4,429,830	4,673,570	5,225,615	4,922,501	4,720,717	3,325,314	2,518,893	1,694,884	2,009,867	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,830,038	3,465,448	3,656,271	4,062,945	3,812,096	3,699,435	2,593,161	1,988,231	1,331,780	1,566,969	0
Gross Profit	784,259	964,382	1,017,299	1,162,670	1,110,404	1,021,282	732,153	530,662	363,105	442,898	0
Admin Expenses	1,435,519	1,332,334	915,312	994,128	983,870	832,951	773,080	637,162	317,421	265,675	-643,234
Operating Profit	-651,260	-367,952	101,987	168,542	126,534	188,331	-40,927	-106,500	45,684	177,223	643,234
Interest Payable	29,595	23,676	17,099	16,441	8,550	8,550	17,099	8,550	0	0	0
Interest Receivable	507	378	328	82	54	1	164	264	108	32	24
Pre-Tax Profit	-680,347	-391,250	85,216	152,183	118,039	179,782	-57,862	-114,785	45,792	177,254	643,258
Tax	0	0	-16,191	-30,436	-23,608	-37,754	0	0	-11,906	-49,631	-180,112
Profit After Tax	-680,347	-391,250	69,025	121,746	94,431	142,028	-57,862	-114,785	33,886	127,623	463,146
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-680,347	-391,250	69,025	121,746	94,431	142,028	-57,862	-114,785	33,886	127,623	463,146
Employee Costs	1,513,068	2,088,020	2,005,266	1,848,066	1,618,883	958,224	650,926	485,504	336,746	428,953	0
Number Of Employees	39	57	55	52	46	27	19	14	10	13	0
EBITDA*	-512,998	-211,393	279,797	405,763	309,375	337,672	124,235	6,634	136,957	254,743	703,716

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	1,071,025	1,043,775	1,212,620	1,192,563	1,215,607	1,249,001	1,065,204	996,914	504,179	421,894	339,355
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,071,025	1,043,775	1,212,620	1,192,563	1,215,607	1,249,001	1,065,204	996,914	504,179	421,894	339,355
Stock & work in progress	963,778	1,440,646	1,402,761	1,398,652	1,346,329	1,317,249	1,026,569	853,953	523,862	400,000	134,167
Trade Debtors	678,581	831,466	829,523	1,049,612	938,113	811,628	542,693	483,682	370,873	558,880	370,420
Group Debtors	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0
Cash	121,729	13,499	87,323	44,032	21,385	268	113	65,460	40,296	2,821	9,792
misc current assets	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,764,088	2,285,611	2,319,607	2,492,296	2,305,827	2,129,145	1,569,375	1,403,095	935,031	961,701	514,379
total assets	2,835,113	3,329,386	3,532,227	3,684,859	3,521,434	3,378,146	2,634,579	2,400,009	1,439,210	1,383,595	853,734
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,390,189	1,429,117	1,774,479	2,018,490	1,930,877	1,780,455	1,283,600	845,669	637,586	645,708	344,565
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	1,390,189	1,429,117	1,774,479	2,018,490	1,930,877	1,780,455	1,283,600	845,669	637,586	645,708	344,565
loans	438,438	438,438	263,064	263,064	263,063	0	263,063	263,063	0	0	0
hp & lease commitments	0	0	0	0	0	247,655	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0
other liabilities	1,047,181	833,953	450,576	434,279	489,053	613,813	548,001	699,806	118,153	88,302	0
provisions	144,522	132,748	157,728	151,671	142,832	135,045	80,765	74,459	51,674	51,674	38,881
total long term liabilities	1,630,141	1,405,139	871,368	849,014	894,948	996,513	891,829	1,037,328	169,827	139,976	38,881
total liabilities	3,020,330	2,834,256	2,645,847	2,867,504	2,825,825	2,776,968	2,175,429	1,882,997	807,413	785,684	383,446
net assets	-185,217	495,130	886,380	817,355	695,609	601,178	459,150	517,012	631,797	597,911	470,288
total shareholders funds	-185,217	495,130	886,380	817,355	695,609	601,178	459,150	517,012	631,797	597,911	470,288

	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	-651,260	-367,952	101,987	168,542	126,534	188,331	-40,927	-106,500	45,684	177,223	643,234
Depreciation	138,262	156,559	177,810	66,780	182,841	149,341	165,162	113,134	91,273	77,520	60,482
Amortisation	0	0	0	170,441	0	0	0	0	0	0	0
Tax	0	0	-16,191	-30,436	-23,608	-37,754	0	0	-11,906	-49,631	-180,112
Stock	-476,868	37,885	4,109	52,323	29,080	290,680	172,616	330,091	123,862	265,833	134,167
Debtors	-152,885	1,943	-220,089	111,499	126,485	268,935	59,011	112,809	-188,007	188,460	370,420
Creditors	-38,928	-345,362	-244,011	87,613	150,422	496,855	437,931	208,083	-8,122	301,143	344,565
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	11,774	-24,980	6,057	8,839	7,787	54,280	6,306	22,785	0	12,793	38,881
Cash flow from operations	89,601	-621,563	241,632	307,957	288,411	291,438	336,845	-205,398	181,074	64,755	402,463
Investing Activities
capital expenditure	-165,512	12,286	-197,867	-214,177	-149,447	-333,138	-233,452	-605,869	-173,558	-160,059	-399,837
Change in Investments	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-165,512	12,286	-197,867	-214,177	-149,447	-333,138	-233,452	-605,869	-173,558	-160,059	-399,837
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	175,374	0	1	263,063	-263,063	0	263,063	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	-247,655	247,655	0	0	0	0	0
other long term liabilities	213,228	383,377	16,297	-54,774	-124,760	65,812	-151,805	581,653	29,851	88,302	0
share issue	0	0	0	0	0	0	0	0	0	0	7,142
interest	-29,088	-23,298	-16,771	-16,359	-8,496	-8,549	-16,935	-8,286	108	32	24
cash flow from financing	184,140	535,453	-474	-71,132	-117,848	41,855	-168,740	836,430	29,959	88,334	7,166
cash and cash equivalents
cash	108,230	-73,824	43,291	22,647	21,117	155	-65,347	25,164	37,475	-6,971	9,792
overdraft	0	0	0	0	0	0	0	0	0	0	0
change in cash	108,230	-73,824	43,291	22,647	21,117	155	-65,347	25,164	37,475	-6,971	9,792

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for redcliffe precision limited by selecting its closest rivals, whether from the MANUFACTURING sector, other undefined companies, companies in BS2 area or any other competitors across 12 key performance metrics.

REDCLIFFE PRECISION LIMITED group structure

Redcliffe Precision Limited has no subsidiary companies.

Ultimate parent company

REDCLIFFE PRECISION LIMITED

01348375

REDCLIFFE PRECISION LIMITED Shareholders

kevin lawrence george sage	29.45%
michael david love	26.71%
pavla maria love	26.71%
robert william james laird	17.12%

Redcliffe Precision Limited currently has 4 directors. The longest serving directors include Mr Timothy Preston (May 2020) and Mr Tim Preston (May 2020).

officer	country	age	start	end	role
Mr Timothy Preston	United Kingdom	56 years	May 2020	-	Director
Mr Tim Preston		56 years	May 2020	-	Director
Mr Ian Dighe		69 years	May 2020	-	Director
Mr Duncan Frame	England	54 years	May 2020	-	Director

P&L

December 2019

turnover

3.6m

-18%

operating profit

-651.3k

gross margin

21.7%

-0.33%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2019

net assets

-185.2k

-1.37%

total assets

2.8m

-0.15%

cash

121.7k

+8.02%

net assets

Total assets minus all liabilities

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company number

01348375

Type

Private limited with Share Capital

industry

25620 - Machining

incorporation date

January 1978

accounts

Unaudited Abridged

ultimate parent company

None

previous names

N/A

last accounts submitted

December 2019

address

c/o frp advisory trading limited, kings orchard, 1 queen street, bristol, BS2 0HQ

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 9 charges/mortgages relating to redcliffe precision limited. Currently there are 6 open charges and 3 have been satisfied in the past.

redcliffe precision limited Company Information

redcliffe precision limited Estimated Valuation

redcliffe precision limited Estimated Valuation

redcliffe precision limited Estimated Valuation

Redcliffe Precision Limited Overview

Redcliffe Precision Limited Health Check

REDCLIFFE PRECISION LIMITED financials

redcliffe precision limited Credit Report and Business Information

Redcliffe Precision Limited Competitor Analysis

redcliffe precision limited Ownership

redcliffe precision limited directors

redcliffe precision limited company details

redcliffe precision limited Charges & Mortgages

redcliffe precision limited Companies House Filings - See Documents