Redwood Software Uk Ltd

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redwood software uk ltd Company Information

Live

MatureMidHigh

Company Number

03579769

Website

www.redwood.com

Registered Address

redwood court 80b, high street, burnham, slough, SL1 7JT

Industry

Business and domestic software development

Telephone

01628601500

Next Accounts Due

September 2024

Group Structure

View All

Directors

Dominic Ang3 Years

Matthew Amico3 Years

View All

Shareholders

redwood foreign investments bv 99.8%

redwood international business group bv 0.2%

redwood software uk ltd Estimated Valuation

£5.4m

Pomanda estimates the enterprise value of REDWOOD SOFTWARE UK LTD at £5.4m based on a Turnover of £6m and 0.89x industry multiple (adjusted for size and gross margin).

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Redwood Software Uk Ltd is a live company located in slough, SL1 7JT with a Companies House number of 03579769. It operates in the business and domestic software development sector, SIC Code 62012. Founded in June 1998, it's largest shareholder is redwood foreign investments bv with a 99.8% stake. Redwood Software Uk Ltd is a mature, mid sized company, Pomanda has estimated its turnover at £6m with high growth in recent years.

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Pomanda's financial health check has awarded Redwood Software Uk Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

3 Regular

4 Weak

Size

annual sales of £6m, make it larger than the average company (£3.7m)

Growth

3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (7.7%)

EXPORT

Redwood Software Uk Ltd's latest turnover from December 2022 is estimated at £6 million and the company has net assets of £1.4 million. According to their latest financial statements, Redwood Software Uk Ltd has 27 employees and maintains cash reserves of £4.2 million 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	6,007,559	4,855,872	3,562,312	3,524,306	3,428,216	3,287,571	3,151,046	4,630,141	2,171,857	2,266,126	1,313,704	1,135,346	856,174	947,541
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,694,971	1,286,431	300,346	361,554	360,158	454,457	442,951	169,664	270,710	320,926	208,496	219,162	190,877	155,431
Gross Profit	4,312,588	3,569,441	3,261,966	3,162,752	3,068,058	2,833,114	2,708,095	4,460,477	1,901,147	1,945,200	1,105,208	916,184	665,297	792,110
Admin Expenses	5,324,247	3,433,669	2,949,220	2,925,764	2,871,797	2,646,075	2,410,978	1,807,381	1,777,292	1,845,242	936,541	744,395	569,878	663,380
Operating Profit	-1,011,659	135,772	312,746	236,988	196,261	187,039	297,117	2,653,096	123,855	99,958	168,667	171,789	95,419	128,730
Interest Payable	0	0	181,769	3,115	1,524	2,846	0	102,450	47,381	75,084	78,756	77,291	65,457	95,564
Interest Receivable	150,684	13,437	0	0	0	0	66,386	0	0	0	0	0	0	0
Pre-Tax Profit	-860,975	149,209	130,977	233,873	194,737	189,885	230,731	2,550,646	76,474	24,874	89,911	94,498	29,962	33,166
Tax	0	-28,350	0	0	0	0	-6	0	0	0	0	0	0	0
Profit After Tax	-860,975	120,859	130,977	233,873	194,737	189,885	230,725	2,550,646	76,474	24,874	89,911	94,498	29,962	33,166
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-860,975	120,859	130,977	233,873	194,737	189,885	230,725	2,550,646	76,474	24,874	89,911	94,498	29,962	33,166
Employee Costs	1,819,059	1,701,442	2,107,573	2,035,095	1,956,883	1,868,690	1,739,552	2,387,444	1,089,578	1,174,843	679,775	623,245	459,863	0
Number Of Employees	27	27	35	33	32	32	31	44	20	22	13	12	9	0
EBITDA*	-946,644	220,069	414,303	353,183	315,305	311,973	420,316	2,736,908	141,842	118,413	175,709	177,951	107,066	140,860

* 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	740,506	804,377	882,079	978,472	1,056,626	1,171,608	1,279,825	1,343,701	51,092	56,689	18,568	17,470	10,727	18,536
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	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	0	0	0
Total Fixed Assets	740,506	804,377	882,079	978,472	1,056,626	1,171,608	1,279,825	1,343,701	51,092	56,689	18,568	17,470	10,727	18,536
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	1,515,520	1,158,213	1,511,660	481,598	1,495,191	1,020,314	1,230,425	862,524	729,679	725,787	739,164	480,974	226,160	163,791
Group Debtors	772,417	0	0	1,034,291	0	808,157	0	0	0	0	0	0	0	1,530,508
Misc Debtors	591,859	42,470	38,913	63,588	289,256	262,905	187,853	348,032	825,300	35,437	44,161	39,261	22,410	21,496
Cash	4,191,247	4,419,246	6,330,464	1,338,332	2,027,130	182,507	1,568,522	2,643,239	207,884	374,596	212,091	99,712	226,578	241,069
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	7,071,043	5,619,929	7,881,037	2,917,809	3,811,577	2,273,883	2,986,800	3,853,795	1,762,863	1,135,820	995,416	619,947	475,148	1,956,864
total assets	7,811,549	6,424,306	8,763,116	3,896,281	4,868,203	3,445,491	4,266,625	5,197,496	1,813,955	1,192,509	1,013,984	637,417	485,875	1,975,400
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	27,929	72,189	132,981	103,867	266,446	235,344	209,210	322,804	112,123	109,193	95,417	5,878	9,478	15,766
Group/Directors Accounts	3,397,463	1,646,676	4,189,254	0	816,328	0	313,210	1,803,493	1,728,675	1,034,390	1,203,210	1,561,025	1,434,711	2,815,647
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	2,979,484	2,437,793	2,294,092	1,776,603	2,003,491	1,622,946	2,346,889	1,904,608	1,357,212	1,509,455	1,200,760	645,828	638,372	626,632
total current liabilities	6,404,876	4,156,658	6,616,327	1,880,470	3,086,265	1,858,290	2,869,309	4,030,905	3,198,010	2,653,038	2,499,387	2,212,731	2,082,561	3,458,045
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	73,126	217,129
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	73,126	217,129
total liabilities	6,404,876	4,156,658	6,616,327	1,880,470	3,086,265	1,858,290	2,869,309	4,030,905	3,198,010	2,653,038	2,499,387	2,212,731	2,155,687	3,675,174
net assets	1,406,673	2,267,648	2,146,789	2,015,811	1,781,938	1,587,201	1,397,316	1,166,591	-1,384,055	-1,460,529	-1,485,403	-1,575,314	-1,669,812	-1,699,774
total shareholders funds	1,406,673	2,267,648	2,146,789	2,015,811	1,781,938	1,587,201	1,397,316	1,166,591	-1,384,055	-1,460,529	-1,485,403	-1,575,314	-1,669,812	-1,699,774

	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	-1,011,659	135,772	312,746	236,988	196,261	187,039	297,117	2,653,096	123,855	99,958	168,667	171,789	95,419	128,730
Depreciation	65,015	84,297	101,557	116,195	119,044	124,934	123,199	83,812	17,987	18,455	7,042	6,162	11,647	12,130
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-28,350	0	0	0	0	-6	0	0	0	0	0	0	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	1,679,113	-349,890	-28,904	-204,970	-306,929	673,098	207,722	-344,423	793,755	-22,101	263,090	271,665	-1,467,225	1,715,795
Creditors	-44,260	-60,792	29,114	-162,579	31,102	26,134	-113,594	210,681	2,930	13,776	89,539	-3,600	-6,288	15,766
Accruals and Deferred Income	541,691	143,701	517,489	-226,888	380,545	-723,943	442,281	547,396	-152,243	308,695	554,932	-65,670	-132,263	843,761
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-2,128,326	624,518	989,810	168,686	1,033,881	-1,058,934	541,275	3,839,408	-801,226	462,985	557,090	-162,984	1,435,740	-715,408
Investing Activities
capital expenditure	-1,144	-6,595	-5,164	-38,041	-4,062	-16,717	-59,323	-1,376,421	-12,390	-56,576	-8,140	-12,905	-3,838	-30,666
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-1,144	-6,595	-5,164	-38,041	-4,062	-16,717	-59,323	-1,376,421	-12,390	-56,576	-8,140	-12,905	-3,838	-30,666
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	1,750,787	-2,542,578	4,189,254	-816,328	816,328	-313,210	-1,490,283	74,818	694,285	-168,820	-357,815	126,314	-1,380,936	2,815,647
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	0	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0
share issue	0	0	1	0	0	0	0	0	0	0	0	0	0	-1,732,940
interest	150,684	13,437	-181,769	-3,115	-1,524	-2,846	66,386	-102,450	-47,381	-75,084	-78,756	-77,291	-65,457	-95,564
cash flow from financing	1,901,471	-2,529,141	4,007,486	-819,443	814,804	-316,056	-1,423,897	-27,632	646,904	-243,904	-436,571	49,023	-1,446,393	987,143
cash and cash equivalents
cash	-227,999	-1,911,218	4,992,132	-688,798	1,844,623	-1,386,015	-1,074,717	2,435,355	-166,712	162,505	112,379	-126,866	-14,491	241,069
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-227,999	-1,911,218	4,992,132	-688,798	1,844,623	-1,386,015	-1,074,717	2,435,355	-166,712	162,505	112,379	-126,866	-14,491	241,069

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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REDWOOD SOFTWARE UK LTD group structure

Redwood Software Uk Ltd has no subsidiary companies.

Ultimate parent company

REDWOOD INTERNATIONAL BUSINESS GROUP BV

#0062890

REDWOOD FOREIGN INVESTMENTS BV

#0035373

2 parents

REDWOOD SOFTWARE UK LTD

03579769

REDWOOD SOFTWARE UK LTD Shareholders

redwood foreign investments bv	99.78%
redwood international business group bv	0.22%

Redwood Software Uk Ltd currently has 6 directors. The longest serving directors include Mr Dominic Ang (May 2021) and Mr Matthew Amico (May 2021).

officer	country	age	start	end	role
Mr Dominic Ang	United States	45 years	May 2021	-	Director
Mr Matthew Amico	United States	36 years	May 2021	-	Director
Mr Dominic Ang	United States	45 years	May 2021	-	Director
Mr Gerald Warwick	England	66 years	Oct 2021	-	Director
Mr Ashish Joshi	United States	46 years	May 2022	-	Director
Mr Sean Mullins	United Kingdom	55 years	Oct 2023	-	Director

P&L

December 2022

turnover

+24%

operating profit

-1m

gross margin

71.8%

-2.34%

turnover

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

Balance Sheet

December 2022

net assets

1.4m

-0.38%

total assets

7.8m

+0.22%

cash

4.2m

-0.05%

net assets

Total assets minus all liabilities

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2.5

company number

03579769

Type

Private limited with Share Capital

industry

62012 - Business and domestic software development

incorporation date

June 1998

age

accounts

Small Company

ultimate parent company

REDWOOD INTERNATIONAL BUSINESS GROUP BV

previous names

redwood (gb) limited (July 2000)

sjc 36 limited (July 1998)

incorporated

address

redwood court 80b, high street, burnham, slough, SL1 7JT

last accounts submitted

December 2022

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 2 charges/mortgages relating to redwood software uk ltd. Currently there are 2 open charges and 0 have been satisfied in the past.

redwood software uk ltd Company Information

redwood software uk ltd Estimated Valuation

redwood software uk ltd Estimated Valuation

redwood software uk ltd Estimated Valuation

Redwood Software Uk Ltd Overview

Redwood Software Uk Ltd Health Check

REDWOOD SOFTWARE UK LTD financials

redwood software uk ltd Credit Report and Business Information

Redwood Software Uk Ltd Competitor Analysis

redwood software uk ltd Ownership

redwood software uk ltd directors

redwood software uk ltd company details

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