red commerce limited
red commerce limited Company Information
Group Structure
View All
Industry
Temporary employment agency activities
+2Registered Address
5th floor 33 gracechurch street, london, EC3V 0BT
Website
www.redsapsolutions.comred commerce limited Estimated Valuation
Pomanda estimates the enterprise value of RED COMMERCE LIMITED at £81m based on a Turnover of £127.8m and 0.63x industry multiple (adjusted for size and gross margin).
red commerce limited Estimated Valuation
Pomanda estimates the enterprise value of RED COMMERCE LIMITED at £64.6m based on an EBITDA of £10.1m and a 6.38x industry multiple (adjusted for size and gross margin).
red commerce limited Estimated Valuation
Pomanda estimates the enterprise value of RED COMMERCE LIMITED at £12.1m based on Net Assets of £6.6m and 1.82x industry multiple (adjusted for liquidity).
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Red Commerce Limited Overview
Red Commerce Limited is a live company located in london, EC3V 0BT with a Companies House number of 03914762. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in January 2000, it's largest shareholder is rouge 2 ltd with a 100% stake. Red Commerce Limited is a mature, mega sized company, Pomanda has estimated its turnover at £127.8m with high growth in recent years.
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Red Commerce Limited Health Check
Pomanda's financial health check has awarded Red Commerce Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs
6 Strong
0 Regular
5 Weak
Size
annual sales of £127.8m, make it larger than the average company (£7.4m)
£127.8m - Red Commerce Limited
£7.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (8.6%)
17% - Red Commerce Limited
8.6% - Industry AVG
Production
with a gross margin of 20.1%, this company has a higher cost of product (28.3%)
20.1% - Red Commerce Limited
28.3% - Industry AVG
Profitability
an operating margin of 7.8% make it more profitable than the average company (3.9%)
7.8% - Red Commerce Limited
3.9% - Industry AVG
Employees
with 198 employees, this is above the industry average (33)
198 - Red Commerce Limited
33 - Industry AVG
Pay Structure
on an average salary of £64k, the company has a higher pay structure (£52.9k)
£64k - Red Commerce Limited
£52.9k - Industry AVG
Efficiency
resulting in sales per employee of £645.5k, this is more efficient (£169.7k)
£645.5k - Red Commerce Limited
£169.7k - Industry AVG
Debtor Days
it gets paid by customers after 69 days, this is later than average (49 days)
69 days - Red Commerce Limited
49 days - Industry AVG
Creditor Days
its suppliers are paid after 26 days, this is slower than average (13 days)
26 days - Red Commerce Limited
13 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Red Commerce Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (12 weeks)
2 weeks - Red Commerce Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 87.9%, this is a higher level of debt than the average (63.2%)
87.9% - Red Commerce Limited
63.2% - Industry AVG
RED COMMERCE LIMITED financials
Red Commerce Limited's latest turnover from March 2024 is £127.8 million and the company has net assets of £6.6 million. According to their latest financial statements, Red Commerce Limited has 198 employees and maintains cash reserves of £2.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 127,802,000 | 127,401,000 | 101,559,000 | 79,845,000 | 95,508,000 | 121,837,000 | 114,542,000 | 98,066,000 | 80,941,000 | 71,960,000 | 70,918,000 | 67,660,000 | 78,142,000 | 62,130,000 | 46,607,193 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 102,129,000 | 102,071,000 | 82,096,000 | 65,356,000 | 78,455,000 | 98,951,000 | 92,357,000 | 78,859,000 | 64,265,000 | 56,386,000 | 54,772,000 | 50,826,000 | 59,089,000 | 47,054,000 | 36,333,266 |
| Gross Profit | 25,673,000 | 25,330,000 | 19,463,000 | 14,489,000 | 17,053,000 | 22,886,000 | 22,185,000 | 19,207,000 | 16,676,000 | 15,574,000 | 16,146,000 | 16,834,000 | 19,053,000 | 15,076,000 | 10,273,927 |
| Admin Expenses | 15,693,000 | 16,758,000 | 12,875,000 | 11,370,000 | 14,456,000 | 19,549,000 | 19,620,000 | 18,374,000 | 18,235,000 | 16,588,000 | 12,893,000 | 12,897,000 | 12,456,000 | 9,726,000 | 7,215,700 |
| Operating Profit | 9,980,000 | 8,572,000 | 6,588,000 | 3,119,000 | 2,597,000 | 3,337,000 | 2,565,000 | 833,000 | -1,559,000 | -1,014,000 | 3,253,000 | 3,937,000 | 6,597,000 | 5,350,000 | 3,058,227 |
| Interest Payable | 3,726,000 | 1,631,000 | 492,000 | 908,000 | 1,408,000 | 632,000 | 720,000 | 646,000 | 344,000 | 232,000 | 133,000 | 105,000 | 120,000 | 138,000 | 54,648 |
| Interest Receivable | 140,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,000 | 1,000 | 1,000 | 1,000 | 1,267 |
| Pre-Tax Profit | 6,394,000 | 6,941,000 | 6,096,000 | 2,211,000 | 1,189,000 | 2,267,000 | 1,499,000 | -109,000 | -1,797,000 | -1,782,000 | 2,458,000 | 3,750,000 | 5,920,000 | 5,210,000 | 2,594,148 |
| Tax | -187,000 | -1,141,000 | -1,089,000 | -442,000 | -220,000 | -295,000 | -425,000 | -235,000 | -242,000 | -392,000 | -773,000 | -902,000 | -1,589,000 | -1,435,000 | -724,022 |
| Profit After Tax | 6,207,000 | 5,800,000 | 5,007,000 | 1,769,000 | 969,000 | 1,972,000 | 1,074,000 | -344,000 | -2,039,000 | -2,174,000 | 1,685,000 | 2,848,000 | 4,331,000 | 3,775,000 | 1,870,126 |
| Dividends Paid | 5,000,000 | 34,978,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 1,207,000 | -29,178,000 | 5,007,000 | 1,769,000 | 969,000 | 1,972,000 | 1,074,000 | -344,000 | -2,039,000 | -2,174,000 | 1,685,000 | 2,848,000 | 4,331,000 | 3,775,000 | 1,870,126 |
| Employee Costs | 12,664,000 | 13,548,000 | 10,465,000 | 10,071,000 | 11,290,000 | 10,921,000 | 10,455,000 | 9,211,000 | 7,984,000 | 7,179,000 | 8,016,000 | 6,922,000 | 7,521,000 | 6,687,000 | 5,099,806 |
| Number Of Employees | 198 | 168 | 139 | 132 | 157 | 153 | 144 | 140 | 124 | 113 | 152 | 167 | 151 | 109 | 87 |
| EBITDA* | 10,129,000 | 8,758,000 | 6,820,000 | 3,479,000 | 2,987,000 | 3,637,000 | 2,938,000 | 1,334,000 | -1,155,000 | -753,000 | 3,538,000 | 4,052,000 | 6,706,000 | 5,426,000 | 3,112,901 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 278,000 | 184,000 | 211,000 | 197,000 | 485,000 | 527,000 | 637,000 | 872,000 | 874,000 | 559,000 | 596,000 | 664,000 | 339,000 | 273,000 | 140,057 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 16,000 | 16,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40,000 | 40,000 | 40,000 | 40,000 | 22,000 | 17,360 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 294,000 | 200,000 | 211,000 | 197,000 | 485,000 | 527,000 | 637,000 | 872,000 | 874,000 | 599,000 | 636,000 | 704,000 | 379,000 | 295,000 | 157,417 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 24,386,000 | 25,472,000 | 18,495,000 | 16,147,000 | 21,825,000 | 23,632,000 | 18,769,000 | 19,941,000 | 15,872,000 | 12,054,000 | 12,549,000 | 12,346,000 | 15,028,000 | 15,462,000 | 8,824,217 |
| Group Debtors | 23,505,000 | 21,295,000 | 49,048,000 | 34,483,000 | 34,056,000 | 33,671,000 | 31,929,000 | 32,249,000 | 25,453,000 | 25,433,000 | 20,407,000 | 16,549,000 | 11,386,000 | 10,575,000 | 7,985,767 |
| Misc Debtors | 4,267,000 | 4,080,000 | 4,201,000 | 1,540,000 | 2,534,000 | 4,077,000 | 3,967,000 | 2,737,000 | 2,435,000 | 2,270,000 | 2,091,000 | 1,474,000 | 1,449,000 | 1,609,000 | 591,135 |
| Cash | 2,401,000 | 610,000 | 3,992,000 | 2,816,000 | 519,000 | 818,000 | 803,000 | 412,000 | 213,000 | 2,363,000 | 0 | 2,461,000 | 905,000 | 19,000 | 466,787 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 54,559,000 | 51,457,000 | 75,736,000 | 54,986,000 | 58,934,000 | 62,198,000 | 55,468,000 | 55,339,000 | 43,973,000 | 42,120,000 | 35,047,000 | 32,830,000 | 28,768,000 | 27,665,000 | 17,867,906 |
| total assets | 54,853,000 | 51,657,000 | 75,947,000 | 55,183,000 | 59,419,000 | 62,725,000 | 56,105,000 | 56,211,000 | 44,847,000 | 42,719,000 | 35,683,000 | 33,534,000 | 29,147,000 | 27,960,000 | 18,025,323 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 272,000 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 7,440,000 | 5,365,000 | 6,342,000 | 6,644,000 | 8,008,000 | 9,825,000 | 8,877,000 | 8,957,000 | 7,984,000 | 22,545,000 | 7,072,000 | 6,439,000 | 6,147,000 | 5,987,000 | 3,981,206 |
| Group/Directors Accounts | 22,107,000 | 12,721,000 | 23,142,000 | 10,732,000 | 9,091,000 | 7,055,000 | 7,173,000 | 6,757,000 | 6,588,000 | 0 | 425,000 | 424,000 | 871,000 | 160,000 | 91,305 |
| other short term finances | 10,060,000 | 16,059,000 | 6,562,000 | 7,375,000 | 12,118,000 | 16,984,000 | 13,468,000 | 2,754,000 | 2,554,000 | 0 | 478,000 | 0 | 0 | 2,728,000 | 1,063,326 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 8,612,000 | 12,206,000 | 11,319,000 | 6,857,000 | 8,396,000 | 8,024,000 | 7,722,000 | 19,952,000 | 9,586,000 | 0 | 5,048,000 | 5,968,000 | 3,367,000 | 4,654,000 | 2,233,774 |
| total current liabilities | 48,219,000 | 46,351,000 | 47,365,000 | 31,608,000 | 37,613,000 | 41,888,000 | 37,240,000 | 38,420,000 | 26,712,000 | 22,545,000 | 13,295,000 | 12,831,000 | 10,385,000 | 13,529,000 | 7,369,611 |
| loans | 0 | 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 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 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 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 48,219,000 | 46,351,000 | 47,365,000 | 31,608,000 | 37,613,000 | 41,888,000 | 37,240,000 | 38,420,000 | 26,712,000 | 22,545,000 | 13,295,000 | 12,831,000 | 10,385,000 | 13,529,000 | 7,369,611 |
| net assets | 6,634,000 | 5,306,000 | 28,582,000 | 23,575,000 | 21,806,000 | 20,837,000 | 18,865,000 | 17,791,000 | 18,135,000 | 20,174,000 | 22,388,000 | 20,703,000 | 18,762,000 | 14,431,000 | 10,655,712 |
| total shareholders funds | 6,634,000 | 5,306,000 | 28,582,000 | 23,575,000 | 21,806,000 | 20,837,000 | 18,865,000 | 17,791,000 | 18,135,000 | 20,174,000 | 22,388,000 | 20,703,000 | 18,762,000 | 14,431,000 | 10,655,712 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 9,980,000 | 8,572,000 | 6,588,000 | 3,119,000 | 2,597,000 | 3,337,000 | 2,565,000 | 833,000 | -1,559,000 | -1,014,000 | 3,253,000 | 3,937,000 | 6,597,000 | 5,350,000 | 3,058,227 |
| Depreciation | 149,000 | 186,000 | 232,000 | 360,000 | 390,000 | 300,000 | 373,000 | 501,000 | 404,000 | 261,000 | 285,000 | 115,000 | 109,000 | 76,000 | 54,674 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -187,000 | -1,141,000 | -1,089,000 | -442,000 | -220,000 | -295,000 | -425,000 | -235,000 | -242,000 | -392,000 | -773,000 | -902,000 | -1,589,000 | -1,435,000 | -724,022 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 1,311,000 | -20,897,000 | 19,574,000 | -6,245,000 | -2,965,000 | 6,715,000 | -262,000 | 11,167,000 | 4,003,000 | 4,710,000 | 4,678,000 | 2,506,000 | 217,000 | 10,244,881 | 17,401,119 |
| Creditors | 2,075,000 | -977,000 | -302,000 | -1,364,000 | -1,817,000 | 948,000 | -80,000 | 973,000 | -14,561,000 | 15,473,000 | 633,000 | 292,000 | 160,000 | 2,005,794 | 3,981,206 |
| Accruals and Deferred Income | -3,594,000 | 887,000 | 4,462,000 | -1,539,000 | 372,000 | 302,000 | -12,230,000 | 10,366,000 | 9,586,000 | -5,048,000 | -920,000 | 2,601,000 | -1,287,000 | 2,420,226 | 2,233,774 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 7,112,000 | 28,424,000 | -9,683,000 | 6,379,000 | 4,287,000 | -2,123,000 | -9,535,000 | 1,271,000 | -10,375,000 | 4,570,000 | -2,200,000 | 3,537,000 | 3,773,000 | -1,827,861 | -8,797,260 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 16,000 | 0 | 0 | 0 | 0 | 0 | 0 | -40,000 | 0 | 0 | 0 | 18,000 | 4,640 | 17,360 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 9,386,000 | -10,421,000 | 12,410,000 | 1,641,000 | 2,036,000 | -118,000 | 416,000 | 169,000 | 6,588,000 | -425,000 | 1,000 | -447,000 | 711,000 | 68,695 | 91,305 |
| Other Short Term Loans | -5,999,000 | 9,497,000 | -813,000 | -4,743,000 | -4,866,000 | 3,516,000 | 10,714,000 | 200,000 | 2,554,000 | -478,000 | 478,000 | 0 | -2,728,000 | 1,664,674 | 1,063,326 |
| Long term loans | 0 | 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 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | -3,586,000 | -1,631,000 | -492,000 | -908,000 | -1,408,000 | -632,000 | -720,000 | -646,000 | -344,000 | -232,000 | -125,000 | -104,000 | -119,000 | -137,000 | -53,381 |
| cash flow from financing | -78,000 | 3,347,000 | 11,105,000 | -4,010,000 | -4,238,000 | 2,766,000 | 10,410,000 | -277,000 | 8,798,000 | -1,175,000 | 354,000 | -1,458,000 | -2,136,000 | 1,596,657 | 9,886,836 |
| cash and cash equivalents | |||||||||||||||
| cash | 1,791,000 | -3,382,000 | 1,176,000 | 2,297,000 | -299,000 | 15,000 | 391,000 | 199,000 | -2,150,000 | 2,363,000 | -2,461,000 | 1,556,000 | 886,000 | -447,787 | 466,787 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -272,000 | 272,000 | 0 | 0 | 0 | 0 |
| change in cash | 1,791,000 | -3,382,000 | 1,176,000 | 2,297,000 | -299,000 | 15,000 | 391,000 | 199,000 | -2,150,000 | 2,635,000 | -2,733,000 | 1,556,000 | 886,000 | -447,787 | 466,787 |
red commerce limited Credit Report and Business Information
Red Commerce Limited Competitor Analysis
Perform a competitor analysis for red commerce limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mega companies, companies in EC3V area or any other competitors across 12 key performance metrics.
red commerce limited Ownership
RED COMMERCE LIMITED group structure
Red Commerce Limited has 1 subsidiary company.
Ultimate parent company
AEA INVESTORS SBF IV LP
#0145763
2 parents
RED COMMERCE LIMITED
03914762
1 subsidiary
red commerce limited directors
Red Commerce Limited currently has 2 directors. The longest serving directors include Mr Ross Eades (May 2018) and Mr Michael Joyce (Jan 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ross Eades | England | 62 years | May 2018 | - | Director |
| Mr Michael Joyce | England | 55 years | Jan 2020 | - | Director |
P&L
March 2024turnover
127.8m
0%
operating profit
10m
+16%
gross margin
20.1%
+1.04%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
6.6m
+0.25%
total assets
54.9m
+0.06%
cash
2.4m
+2.94%
net assets
Total assets minus all liabilities
red commerce limited company details
company number
03914762
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
78200 - Temporary employment agency activities
78109 - Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.
incorporation date
January 2000
age
25
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2024
previous names
red grp limited (February 2000)
accountant
-
auditor
KPMG LLP
address
5th floor 33 gracechurch street, london, EC3V 0BT
Bank
NATIONAL WESTMINSTER BANK PLC, NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
red commerce 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 22 charges/mortgages relating to red commerce limited. Currently there are 6 open charges and 16 have been satisfied in the past.
red commerce 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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red commerce limited Companies House Filings - See Documents
| date | description | view/download |
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