redrow limited

redrow limited Company Information

Share REDROW LIMITED
Live 
MatureMegaHigh

Company Number

02877315

Industry

Construction of domestic buildings

 

Shareholders

barratt developments plc

Group Structure

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Contact

Registered Address

redrow house, st davids park, flintshire, CH5 3RX

redrow limited Estimated Valuation

£2.2b

Pomanda estimates the enterprise value of REDROW LIMITED at £2.2b based on a Turnover of £2.1b and 1.02x industry multiple (adjusted for size and gross margin).

redrow limited Estimated Valuation

£3.3b

Pomanda estimates the enterprise value of REDROW LIMITED at £3.3b based on an EBITDA of £404m and a 8.1x industry multiple (adjusted for size and gross margin).

redrow limited Estimated Valuation

£2.7b

Pomanda estimates the enterprise value of REDROW LIMITED at £2.7b based on Net Assets of £2b and 1.35x industry multiple (adjusted for liquidity).

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Redrow Limited Overview

Redrow Limited is a live company located in flintshire, CH5 3RX with a Companies House number of 02877315. It operates in the construction of domestic buildings sector, SIC Code 41202. Founded in December 1993, it's largest shareholder is barratt developments plc with a 100% stake. Redrow Limited is a mature, mega sized company, Pomanda has estimated its turnover at £2.1b with high growth in recent years.

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Redrow Limited Health Check

Pomanda's financial health check has awarded Redrow Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 2 areas for improvement. Company Health Check FAQs

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Health Rating5out of 5
positive_score

8 Strong

positive_score

2 Regular

positive_score

2 Weak

size

Size

annual sales of £2.1b, make it larger than the average company (£506.1k)

£2.1b - Redrow Limited

£506.1k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (7.8%)

17% - Redrow Limited

7.8% - Industry AVG

production

Production

with a gross margin of 23.9%, this company has a comparable cost of product (20.5%)

23.9% - Redrow Limited

20.5% - Industry AVG

profitability

Profitability

an operating margin of 18.8% make it more profitable than the average company (5.6%)

18.8% - Redrow Limited

5.6% - Industry AVG

employees

Employees

with 2270 employees, this is above the industry average (3)

2270 - Redrow Limited

3 - Industry AVG

paystructure

Pay Structure

on an average salary of £68.3k, the company has a higher pay structure (£43.4k)

£68.3k - Redrow Limited

£43.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £937k, this is more efficient (£210.4k)

£937k - Redrow Limited

£210.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 4 days, this is earlier than average (24 days)

4 days - Redrow Limited

24 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 90 days, this is slower than average (30 days)

90 days - Redrow Limited

30 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 624 days, this is more than average (261 days)

624 days - Redrow Limited

261 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 14 weeks, this is average cash available to meet short term requirements (15 weeks)

14 weeks - Redrow Limited

15 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 34.4%, this is a lower level of debt than the average (72.3%)

34.4% - Redrow Limited

72.3% - Industry AVG

REDROW LIMITED financials

EXPORTms excel logo

Redrow Limited's latest turnover from July 2023 is £2.1 billion and the company has net assets of £2 billion. According to their latest financial statements, Redrow Limited has 2,270 employees and maintains cash reserves of £235 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jul 2023Jun 2023Jul 2022Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Turnover2,127,000,0002,127,000,0002,140,000,0002,140,000,0001,939,000,0001,339,000,0002,112,000,0001,920,000,0001,660,000,0001,382,000,0001,150,000,000864,000,000604,800,000478,900,000452,700,000396,900,000
Other Income Or Grants000-164,000,000000000000000
Cost Of Sales1,619,000,0001,619,000,0001,788,000,0001,624,000,0001,525,000,0001,097,000,0001,608,000,0001,451,000,0001,255,000,0001,048,000,000876,000,000676,000,000491,200,000396,100,000388,400,000355,200,000
Gross Profit508,000,000508,000,000352,000,000352,000,000414,000,000242,000,000504,000,000469,000,000405,000,000334,000,000274,000,000188,000,000113,600,00082,800,00064,300,00041,700,000
Admin Expenses109,000,000109,000,000102,000,000102,000,00093,000,00094,000,00093,000,00087,000,00083,000,00073,000,00061,000,00050,000,00041,900,00034,800,00033,100,00029,000,000
Operating Profit399,000,000399,000,000250,000,000250,000,000321,000,000148,000,000411,000,000382,000,000322,000,000261,000,000213,000,000138,000,00071,700,00048,000,00031,200,00012,700,000
Interest Payable9,000,0009,000,0006,000,0006,000,0008,000,00010,000,0008,000,00010,000,00012,000,00014,000,00012,000,00011,000,0007,300,0007,400,0008,600,00013,800,000
Interest Receivable5,000,00013,075,0002,000,0002,800,0001,000,0002,000,0003,000,0003,000,0004,000,0003,000,0003,000,0003,000,0001,700,0002,400,0002,700,0001,800,000
Pre-Tax Profit395,000,000395,000,000246,000,000246,000,000314,000,000140,000,000406,000,000380,000,000315,000,000250,000,000204,000,000133,000,00069,400,00043,000,00025,300,000700,000
Tax-97,000,000-97,000,000-49,000,000-49,000,000-60,000,000-27,000,000-77,000,000-72,000,000-62,000,000-50,000,000-42,000,000-30,000,000-16,300,000-12,800,000-11,800,000-200,000
Profit After Tax298,000,000298,000,000197,000,000197,000,000254,000,000113,000,000329,000,000308,000,000253,000,000200,000,000162,000,000103,000,00053,100,00030,200,00013,500,000500,000
Dividends Paid108,000,000108,000,000100,000,000100,000,00021,000,00072,000,000218,000,00074,000,00044,000,00030,000,00015,000,0007,000,0000000
Retained Profit190,000,000190,000,00097,000,00097,000,000233,000,00041,000,000111,000,000234,000,000209,000,000170,000,000147,000,00096,000,00053,100,00030,200,00013,500,000500,000
Employee Costs155,000,000155,000,000150,000,000151,000,000137,000,000134,000,000141,000,000139,000,000120,000,000100,000,00081,000,00062,000,00048,600,00041,000,00040,200,00034,400,000
Number Of Employees2,2702,2702,2472,2472,2082,3642,3042,3082,1301,8661,5301,2451967933779
EBITDA*404,000,000403,000,000254,000,000255,000,000328,000,000152,000,000414,000,000384,000,000325,000,000262,000,000214,000,000139,000,00072,800,00049,300,00032,500,00013,800,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jul 2023Jun 2023Jul 2022Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Tangible Assets44,000,00038,000,000105,000,00065,000,000107,000,00058,000,00053,000,00055,000,00059,000,00065,000,00047,000,00045,000,00085,700,00099,200,000115,700,000101,400,000
Intangible Assets1,000,0001,000,0001,000,0001,000,00002,000,0002,000,0002,000,0002,000,0002,000,0002,000,0002,000,0001,900,0001,800,0001,700,0001,800,000
Investments & Other000009,000,0006,000,0006,000,00027,000,00025,000,00017,000,00011,000,00013,300,0009,300,0007,600,0002,200,000
Debtors (Due After 1 year)6,000,000040,000,000041,000,00009,000,0004,000,0005,000,00012,000,00013,000,000025,400,00026,000,00031,400,0007,400,000
Total Fixed Assets39,000,00039,000,00066,000,00066,000,00066,000,00060,000,00055,000,00057,000,00061,000,00067,000,00049,000,00047,000,00087,600,000101,000,000117,400,000103,200,000
Stock & work in progress2,770,000,0002,770,000,0002,740,000,0002,740,000,0002,513,000,0002,585,000,0002,404,000,0002,218,000,0002,043,000,0001,903,000,0001,500,000,0001,157,000,000895,500,000708,200,000562,700,000539,700,000
Trade Debtors24,000,00024,000,00045,000,00045,000,00075,000,00025,000,00028,000,00016,000,00010,000,00011,000,00016,000,00021,000,00018,400,00021,200,00027,200,0002,900,000
Group Debtors0000000000000000
Misc Debtors18,000,000031,000,000025,000,00013,000,00020,000,00034,000,00025,000,00025,000,00023,000,00021,000,0006,500,0006,000,00011,000,0009,300,000
Cash235,000,000235,000,000288,000,000288,000,000160,000,00044,000,000204,000,00090,000,00062,000,000135,000,00056,000,00055,000,00039,000,00037,400,00032,000,00021,900,000
misc current assets000007,000,000000001,000,0001,000,0001,400,0001,400,0002,300,000
total current assets3,047,000,0003,047,000,0003,111,000,0003,111,000,0002,774,000,0002,674,000,0002,656,000,0002,328,000,0002,140,000,0002,074,000,0001,595,000,0001,255,000,000960,400,000774,200,000634,300,000576,100,000
total assets3,086,000,0003,086,000,0003,177,000,0003,177,000,0002,840,000,0002,734,000,0002,711,000,0002,385,000,0002,201,000,0002,141,000,0001,644,000,0001,302,000,0001,048,000,000875,200,000751,700,000679,300,000
Bank overdraft00000005,000,00045,000,00044,000,00060,000,0000021,400,00022,400,00019,000,000
Bank loan00000000000175,000,00035,000,000000
Trade Creditors 400,000,000400,000,000385,000,000385,000,000362,000,000311,000,000347,000,0000585,000,000286,000,000221,000,00054,000,000130,200,000109,400,00088,400,00090,100,000
Group/Directors Accounts0000000000000000
other short term finances0002,000,000038,000,00027,000,000000000000
hp & lease commitments4,000,00002,000,00004,000,0002,000,0000000000000
other current liabilities461,000,0000624,000,0000401,000,000454,000,000493,000,00034,000,00036,000,000375,000,000269,000,00018,000,000133,300,000100,800,00075,100,00053,500,000
total current liabilities865,000,000865,000,0001,011,000,0001,011,000,000767,000,000805,000,000867,000,000197,000,000666,000,000705,000,000550,000,000247,000,000298,500,000231,600,000185,900,000162,600,000
loans12,000,00008,000,00004,000,000348,000,000160,000,00010,000,000180,000,000460,000,000300,000,000104,000,000190,000,00060,000,000182,400,000117,100,000
hp & lease commitments6,000,00004,000,00002,000,0004,000,0000000000000
Accruals and Deferred Income00000000003,000,00041,000,0000000
other liabilities98,000,000087,000,0000150,000,000116,000,000167,000,000178,000,000197,000,000156,000,00084,000,000266,000,00033,200,00040,600,00000
provisions182,000,0000250,000,000098,000,00026,000,00024,000,00028,000,00026,000,00018,000,00016,000,000024,200,00023,000,00019,600,00027,400,000
total long term liabilities195,000,000195,000,000216,000,000216,000,000201,000,000303,000,000259,000,000197,000,000300,000,000395,000,000245,000,000359,000,000140,300,00082,100,000107,200,00080,800,000
total liabilities1,060,000,0001,060,000,0001,227,000,0001,227,000,000968,000,0001,108,000,0001,126,000,000394,000,000966,000,0001,100,000,000795,000,000606,000,000438,800,000313,700,000293,100,000243,400,000
net assets2,026,000,0002,026,000,0001,950,000,0001,950,000,0001,872,000,0001,626,000,0001,585,000,0001,991,000,0001,235,000,0001,041,000,000849,000,000696,000,000609,200,000561,500,000458,600,000435,900,000
total shareholders funds2,026,000,0002,026,000,0001,950,000,0001,950,000,0001,872,000,0001,626,000,0001,585,000,0001,483,000,0001,235,000,0001,041,000,000849,000,000696,000,000609,200,000561,500,000458,600,000435,900,000
Jul 2023Jun 2023Jul 2022Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Operating Activities
Operating Profit399,000,000399,000,000250,000,000250,000,000321,000,000148,000,000411,000,000382,000,000322,000,000261,000,000213,000,000138,000,00071,700,00048,000,00031,200,00012,700,000
Depreciation5,000,0004,000,0004,000,0005,000,0005,000,0004,000,0003,000,0002,000,00001,000,0001,000,0001,000,000900,0001,200,0001,200,0001,000,000
Amortisation00002,000,0000003,000,000000200,000100,000100,000100,000
Tax-97,000,000-97,000,000-49,000,000-49,000,000-60,000,000-27,000,000-77,000,000-72,000,000-62,000,000-50,000,000-42,000,000-30,000,000-16,300,000-12,800,000-11,800,000-200,000
Stock30,000,00030,000,000227,000,000227,000,000-72,000,000181,000,000186,000,000175,000,000140,000,000403,000,000343,000,000261,500,000187,300,000145,500,00023,000,000539,700,000
Debtors-68,000,000-92,000,000-25,000,000-96,000,000103,000,000-19,000,00011,000,0006,000,000-8,000,000-4,000,00010,000,000-8,300,000-2,900,000-16,400,00050,000,00019,600,000
Creditors15,000,00015,000,00023,000,00023,000,00051,000,000-36,000,000347,000,000-585,000,000299,000,00065,000,000167,000,000-76,200,00020,800,00021,000,000-1,700,00090,100,000
Accruals and Deferred Income-163,000,000-624,000,000223,000,000-401,000,000-53,000,000-39,000,000459,000,000-2,000,000-339,000,000103,000,000213,000,000-74,300,00032,500,00025,700,00021,600,00053,500,000
Deferred Taxes & Provisions-68,000,000-250,000,000152,000,000-98,000,00072,000,0002,000,000-4,000,0002,000,0008,000,0002,000,00016,000,000-24,200,0001,200,0003,400,000-7,800,00027,400,000
Cash flow from operations129,000,000-491,000,000401,000,000-401,000,000307,000,000-110,000,000942,000,000-454,000,00099,000,000-17,000,000215,000,000-318,900,000-73,400,000-42,500,000-40,200,000-374,700,000
Investing Activities
capital expenditure56,000,00063,000,000-3,000,00036,000,000-54,000,000-9,000,000-1,000,0002,000,0003,000,000-19,000,000-3,000,00039,600,00012,300,00015,100,000-15,500,000-104,300,000
Change in Investments0000-9,000,0003,000,0000-21,000,0002,000,0008,000,0006,000,000-2,300,0004,000,0001,700,0005,400,0002,200,000
cash flow from investments56,000,00063,000,000-3,000,00036,000,000-45,000,000-12,000,000-1,000,00023,000,0001,000,000-27,000,000-9,000,00041,900,0008,300,00013,400,000-20,900,000-106,500,000
Financing Activities
Bank loans0000000000-175,000,000140,000,00035,000,000000
Group/Directors Accounts0000000000000000
Other Short Term Loans 0002,000,000-38,000,00011,000,00027,000,000000000000
Long term loans4,000,000-8,000,0004,000,000-4,000,000-344,000,000188,000,000150,000,000-170,000,000-280,000,000160,000,000196,000,000-86,000,000130,000,000-122,400,00065,300,000117,100,000
Hire Purchase and Lease Commitments4,000,000-6,000,0000-6,000,00006,000,0000000000000
other long term liabilities11,000,000-87,000,000-63,000,000-150,000,00034,000,000-51,000,000-11,000,000-19,000,00041,000,00072,000,000-182,000,000232,800,000-7,400,00040,600,00000
share issue-114,000,000-114,000,000-19,000,000-19,000,00013,000,0000-9,000,00014,000,000-15,000,00022,000,0006,000,000-9,200,000-5,400,00072,700,0009,200,000435,400,000
interest-4,000,0004,075,000-4,000,000-3,200,000-7,000,000-8,000,000-5,000,000-7,000,000-8,000,000-11,000,000-9,000,000-8,000,000-5,600,000-5,000,000-5,900,000-12,000,000
cash flow from financing-99,000,000-210,925,000-82,000,000-180,200,000-342,000,000146,000,000152,000,000-182,000,000-262,000,000243,000,000-164,000,000269,600,000146,600,000-14,100,00068,600,000540,500,000
cash and cash equivalents
cash-53,000,000-53,000,000128,000,000128,000,000116,000,000-160,000,000114,000,00028,000,000-73,000,00079,000,0001,000,00016,000,0001,600,0005,400,00010,100,00021,900,000
overdraft000000-5,000,000-40,000,0001,000,000-16,000,00060,000,0000-21,400,000-1,000,0003,400,00019,000,000
change in cash-53,000,000-53,000,000128,000,000128,000,000116,000,000-160,000,000119,000,00068,000,000-74,000,00095,000,000-59,000,00016,000,00023,000,0006,400,0006,700,0002,900,000

redrow limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Redrow Limited Competitor Analysis

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Perform a competitor analysis for redrow limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other mega companies, companies in CH5 area or any other competitors across 12 key performance metrics.

redrow limited Ownership

REDROW LIMITED group structure

Redrow Limited has 2 subsidiary companies.

Ultimate parent company

1 parent

REDROW LIMITED

02877315

2 subsidiaries

REDROW LIMITED Shareholders

barratt developments plc 100%

redrow limited directors

Redrow Limited currently has 4 directors. The longest serving directors include Mr Matthew Pratt (Apr 2019) and Mr Michael Scott (Oct 2024).

officercountryagestartendrole
Mr Matthew PrattWales49 years Apr 2019- Director
Mr Michael ScottUnited Kingdom48 years Oct 2024- Director
Mr David Thomas62 years Oct 2024- Director
Mr Steven BoyesScotland64 years Oct 2024- Director

P&L

July 2023

turnover

2.1b

-1%

operating profit

399m

+60%

gross margin

23.9%

+45.2%

turnover

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

Balance Sheet

July 2023

net assets

2b

+0.04%

total assets

3.1b

-0.03%

cash

235m

-0.18%

net assets

Total assets minus all liabilities

redrow limited company details

company number

02877315

Type

Private limited with Share Capital

industry

41202 - Construction of domestic buildings

incorporation date

December 1993

age

32

incorporated

UK

ultimate parent company

accounts

Group

last accounts submitted

July 2023

previous names

redrow plc (October 2024)

redrow group plc (October 2000)

accountant

-

auditor

KPMG LLP

address

redrow house, st davids park, flintshire, CH5 3RX

Bank

BARCLAYS BANK PLC

Legal Advisor

-

redrow 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 1 charges/mortgages relating to redrow limited. Currently there are 0 open charges and 1 have been satisfied in the past.

redrow 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.

Click to start generating capital raising & share issue transactions for REDROW LIMITED. This can take several minutes, an email will notify you when this has completed.

redrow limited Companies House Filings - See Documents

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