redspur (holdings) limited
redspur (holdings) limited Company Information
Company Number
03133817
Website
http://londonewcastle.comRegistered Address
c/o begbies traynor, 31st floor, 40 bank street, london, E14 5NR
Industry
Activities of head offices
Telephone
02075341888
Next Accounts Due
35 days late
Group Structure
View All
Shareholders
redspur securities limited 100%
redspur (holdings) limited Estimated Valuation
Pomanda estimates the enterprise value of REDSPUR (HOLDINGS) LIMITED at £13.6m based on a Turnover of £14.6m and 0.93x industry multiple (adjusted for size and gross margin).
redspur (holdings) limited Estimated Valuation
Pomanda estimates the enterprise value of REDSPUR (HOLDINGS) LIMITED at £0 based on an EBITDA of £-1.2k and a 6.23x industry multiple (adjusted for size and gross margin).
redspur (holdings) limited Estimated Valuation
Pomanda estimates the enterprise value of REDSPUR (HOLDINGS) LIMITED at £0 based on Net Assets of £-6.1m and 2.68x industry multiple (adjusted for liquidity).
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Redspur (holdings) Limited Overview
Redspur (holdings) Limited is a live company located in london, E14 5NR with a Companies House number of 03133817. It operates in the activities of head offices sector, SIC Code 70100. Founded in December 1995, it's largest shareholder is redspur securities limited with a 100% stake. Redspur (holdings) Limited is a mature, mid sized company, Pomanda has estimated its turnover at £14.6m with declining growth in recent years.
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Redspur (holdings) Limited Health Check
Pomanda's financial health check has awarded Redspur (Holdings) Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
6 Weak
Size
annual sales of £14.6m, make it smaller than the average company (£19.9m)
- Redspur (holdings) Limited
£19.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (3%)
- Redspur (holdings) Limited
3% - Industry AVG
Production
with a gross margin of 33.2%, this company has a comparable cost of product (33.2%)
- Redspur (holdings) Limited
33.2% - Industry AVG
Profitability
an operating margin of 0% make it less profitable than the average company (6%)
- Redspur (holdings) Limited
6% - Industry AVG
Employees
with 2 employees, this is below the industry average (117)
2 - Redspur (holdings) Limited
117 - Industry AVG
Pay Structure
on an average salary of £45.8k, the company has an equivalent pay structure (£45.8k)
- Redspur (holdings) Limited
£45.8k - Industry AVG
Efficiency
resulting in sales per employee of £7.3m, this is more efficient (£188.3k)
- Redspur (holdings) Limited
£188.3k - Industry AVG
Debtor Days
it gets paid by customers after 8 days, this is earlier than average (47 days)
- Redspur (holdings) Limited
47 days - Industry AVG
Creditor Days
its suppliers are paid after 342 days, this is slower than average (45 days)
- Redspur (holdings) Limited
45 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Redspur (holdings) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (15 weeks)
0 weeks - Redspur (holdings) Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 278.6%, this is a higher level of debt than the average (57.3%)
278.6% - Redspur (holdings) Limited
57.3% - Industry AVG
REDSPUR (HOLDINGS) LIMITED financials
Redspur (Holdings) Limited's latest turnover from December 2022 is estimated at £14.6 million and the company has net assets of -£6.1 million. According to their latest financial statements, Redspur (Holdings) Limited has 2 employees and maintains cash reserves of £35.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 0 | -319,099 | 337,043 | 2,586,014 | ||||||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | ||||||||||
| Cost Of Sales | 0 | 50,000 | 0 | 0 | ||||||||||
| Gross Profit | 0 | -369,099 | 337,043 | 2,586,014 | ||||||||||
| Admin Expenses | 35,723 | 136,837 | 1,326,420 | 7,236,541 | ||||||||||
| Operating Profit | -35,723 | -505,936 | -989,377 | -4,650,527 | ||||||||||
| Interest Payable | 79 | 10 | 186,207 | 47,069 | ||||||||||
| Interest Receivable | 62 | 186 | 128 | 19,235 | ||||||||||
| Pre-Tax Profit | 40,018 | -224,450 | -1,527,430 | -4,678,361 | ||||||||||
| Tax | -45 | -16,164 | 0 | 689,232 | ||||||||||
| Profit After Tax | 39,973 | -240,614 | -1,527,430 | -3,989,129 | ||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | ||||||||||
| Retained Profit | 39,973 | -240,614 | -1,527,430 | -3,989,129 | ||||||||||
| Employee Costs | 0 | 0 | 379,033 | 2,403,041 | ||||||||||
| Number Of Employees | 2 | 2 | 22 | 22 | ||||||||||
| EBITDA* | -29,588 | -446,819 | -811,834 | -4,454,143 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,087,500 | 1,087,500 | 1,087,500 | 6,135 | 69,153 | 900,101 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 3,000,501 | 3,000,501 | 3,000,501 | 3,000,501 | 3,000,501 | 2,620,501 | 1,865,501 | 1,865,501 | 501 | 502 | 1,013 | 1,117 | 1,117 | 1,118 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 331,938 |
| Total Fixed Assets | 3,000,501 | 3,000,501 | 3,000,501 | 3,000,501 | 3,000,501 | 2,620,501 | 1,865,501 | 1,865,501 | 1,088,001 | 1,088,002 | 1,088,513 | 7,252 | 70,270 | 1,233,157 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 345,304 | 345,304 | 345,304 | 345,304 | 15,000 | 0 | 0 | 0 | 356,438 | 49,224 | 68,507 | 0 | 0 | 907,715 |
| Group Debtors | 0 | 0 | 0 | 0 | 1,471 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 920,333 | 2,420,875 |
| Misc Debtors | 20,300 | 12,530 | 0 | 0 | 380,502 | 331,233 | 347,688 | 354,093 | 0 | 0 | 0 | 75,478 | 63,005 | 1,049,291 |
| Cash | 35,131 | 35,131 | 35,131 | 34,000 | 38,156 | 105,650 | 50,219 | 68,848 | 47,838 | 31,066 | 35,986 | 9,671 | 51,223 | 83,824 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 400,735 | 392,965 | 380,435 | 379,304 | 435,129 | 436,883 | 397,907 | 422,941 | 404,276 | 80,290 | 104,493 | 85,149 | 1,034,561 | 4,461,705 |
| total assets | 3,401,236 | 3,393,466 | 3,380,936 | 3,379,805 | 3,435,630 | 3,057,384 | 2,263,408 | 2,288,442 | 1,492,277 | 1,168,292 | 1,193,006 | 92,401 | 1,104,831 | 5,694,862 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,245,500 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 3,558,967 | 2,717,092 | 2,816,169 | 0 | 0 | 0 | 0 | 3,218,000 | 0 | 0 |
| Trade Creditors | 9,178,465 | 9,178,465 | 9,178,465 | 9,177,305 | 108,655 | 0 | 1,164 | 5,589 | 8,707,702 | 9,427,136 | 9,520,918 | 160,060 | 66,399 | 496,673 |
| Group/Directors Accounts | 20,300 | 12,530 | 0 | 0 | 5,240,319 | 5,286,838 | 5,125,689 | 5,081,853 | 0 | 0 | 0 | 5,661,823 | 6,558,204 | 11,182,984 |
| other short term finances | 0 | 0 | 0 | 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 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 319,178 | 320,092 | 347,978 | 344,685 | 0 | 0 | 0 | 283,540 | 252,636 | 1,478,183 |
| total current liabilities | 9,198,765 | 9,190,995 | 9,178,465 | 9,177,305 | 9,227,119 | 8,324,022 | 8,291,000 | 8,677,627 | 8,707,702 | 9,427,136 | 9,520,918 | 9,323,423 | 6,877,239 | 13,157,840 |
| loans | 0 | 0 | 0 | 0 | 0 | 865,375 | 888,875 | 912,375 | 0 | 0 | 0 | 0 | 3,218,000 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 935,875 | 0 | 0 | 0 | 0 | 0 |
| provisions | 276,789 | 276,789 | 276,789 | 276,789 | 276,789 | 208,389 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 276,789 | 276,789 | 276,789 | 276,789 | 276,789 | 1,073,764 | 888,875 | 912,375 | 935,875 | 0 | 0 | 0 | 3,218,000 | 0 |
| total liabilities | 9,475,554 | 9,467,784 | 9,455,254 | 9,454,094 | 9,503,908 | 9,397,786 | 9,179,875 | 9,590,002 | 9,643,577 | 9,427,136 | 9,520,918 | 9,323,423 | 10,095,239 | 13,157,840 |
| net assets | -6,074,318 | -6,074,318 | -6,074,318 | -6,074,289 | -6,068,278 | -6,340,402 | -6,916,467 | -7,301,560 | -8,151,300 | -8,258,844 | -8,327,912 | -9,231,022 | -8,990,408 | -7,462,978 |
| total shareholders funds | -6,074,318 | -6,074,318 | -6,074,318 | -6,074,289 | -6,068,278 | -6,340,402 | -6,916,467 | -7,301,560 | -8,151,300 | -8,258,844 | -8,327,912 | -9,231,022 | -8,990,408 | -7,462,978 |
| 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 | -35,723 | -505,936 | -989,377 | -4,650,527 | ||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,135 | 59,117 | 177,543 | 196,384 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -45 | -16,164 | 0 | 689,232 | ||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 7,770 | 12,530 | 0 | -51,669 | 65,740 | -16,455 | -6,405 | -2,345 | 307,214 | -19,283 | -6,971 | -907,860 | -3,726,481 | 4,709,819 |
| Creditors | 0 | 0 | 1,160 | 9,068,650 | 108,655 | -1,164 | -4,425 | -8,702,113 | -719,434 | -93,782 | 9,360,858 | 93,661 | -430,274 | 496,673 |
| Accruals and Deferred Income | 0 | 0 | 0 | -319,178 | -914 | -27,886 | 3,293 | 344,685 | 0 | 0 | -283,540 | 30,904 | -1,225,547 | 1,478,183 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 68,400 | 208,389 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 9,054,656 | 569,442 | 1,258,826 | -6,499,874 | ||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | |||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 380,000 | 755,000 | 0 | 1,865,000 | -1 | -511 | -104 | 0 | -1 | 1,118 |
| cash flow from investments | 0 | |||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | -3,558,967 | 841,875 | -99,077 | 2,816,169 | 0 | 0 | 0 | -3,218,000 | 3,218,000 | 0 | 0 |
| Group/Directors Accounts | 7,770 | 12,530 | 0 | -5,240,319 | -46,519 | 161,149 | 43,836 | 5,081,853 | 0 | 0 | -5,661,823 | -896,381 | -4,624,780 | 11,182,984 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | -865,375 | -23,500 | -23,500 | 912,375 | 0 | 0 | 0 | -3,218,000 | 3,218,000 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -935,875 | 935,875 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -17 | 176 | -186,079 | -27,834 | ||||||||||
| cash flow from financing | -8,016,703 | -896,205 | -1,592,859 | 7,681,301 | ||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 0 | 0 | 1,131 | -4,156 | -67,494 | 55,431 | -18,629 | 21,010 | 16,772 | -4,920 | 26,315 | -41,552 | -32,601 | 83,824 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | -3,245,500 | 3,245,500 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 1,131 | -4,156 | -67,494 | 55,431 | 3,226,871 | -3,224,490 | 16,772 | -4,920 | 26,315 | -41,552 | -32,601 | 83,824 |
redspur (holdings) limited Credit Report and Business Information
Redspur (holdings) Limited Competitor Analysis
Perform a competitor analysis for redspur (holdings) limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mid companies, companies in E14 area or any other competitors across 12 key performance metrics.
redspur (holdings) limited Ownership
REDSPUR (HOLDINGS) LIMITED group structure
Redspur (Holdings) Limited has 2 subsidiary companies.
Ultimate parent company
2 parents
REDSPUR (HOLDINGS) LIMITED
03133817
2 subsidiaries
redspur (holdings) limited directors
Redspur (Holdings) Limited currently has 2 directors. The longest serving directors include Mr David Barnett (Feb 1996) and Mr Robert Soning (Apr 1996).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Barnett | 57 years | Feb 1996 | - | Director | |
| Mr Robert Soning | United Kingdom | 56 years | Apr 1996 | - | Director |
P&L
December 2022turnover
14.6m
+2%
operating profit
-1.2k
0%
gross margin
33.3%
+2.04%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-6.1m
0%
total assets
3.4m
0%
cash
35.1k
0%
net assets
Total assets minus all liabilities
Similar Companies
redspur (holdings) limited company details
company number
03133817
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
December 1995
age
29
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2022
previous names
london & newcastle (holdings) limited (December 2016)
london & newcastle (holdings) plc (May 2012)
accountant
-
auditor
-
address
c/o begbies traynor, 31st floor, 40 bank street, london, E14 5NR
Bank
BANK OF SCOTLAND
Legal Advisor
-
redspur (holdings) 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 16 charges/mortgages relating to redspur (holdings) limited. Currently there are 2 open charges and 14 have been satisfied in the past.
redspur (holdings) limited Companies House Filings - See Documents
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