Redmed Limited

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redmed limited Company Information

Company Number

04045609

Next Accounts

7 days late

Directors

John O'Donoghue

Shareholders

john o'donoghue

sharon o'donoghue

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Group Structure

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Industry

Public houses and bars

Registered Address

287 high street, lincoln, LN2 1AW

Website

www.redmed.net

redmed limited Estimated Valuation

£5.1m

Pomanda estimates the enterprise value of REDMED LIMITED at £5.1m based on an EBITDA of £1.2m and a 4.41x industry multiple (adjusted for size and gross margin).

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Redmed Limited is a live company located in lincoln, LN2 1AW with a Companies House number of 04045609. It operates in the public houses and bars sector, SIC Code 56302. Founded in August 2000, it's largest shareholder is john o'donoghue with a 70.6% stake. Redmed Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.3m with healthy growth in recent years.

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Pomanda's financial health check has awarded Redmed Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

4 Regular

3 Weak

Size

annual sales of £3.3m, make it larger than the average company (£538.7k)

Growth

3 year (CAGR) sales growth of 5%, show it is growing at a faster rate (2.5%)

EXPORT

Redmed Limited's latest turnover from April 2023 is estimated at £3.3 million and the company has net assets of £2.4 million. According to their latest financial statements, Redmed Limited has 69 employees and maintains cash reserves of £408.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Jul 2010	Jul 2009
Turnover	3,280,060	3,227,268	1,738,628	2,834,941	4,936,354	4,839,352	5,155,993	3,038,597	4,311,817	4,251,759	6,241,786	4,249,180	2,485,063	51,763	21,272
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,372,282	1,283,356	725,613	542,291	2,098,199	2,024,805	2,159,301	1,304,436	1,188,923	1,130,306	2,905,937	1,958,637	1,105,632	23,659	0
Gross Profit	1,907,777	1,943,912	1,013,015	2,292,650	2,838,155	2,814,547	2,996,692	1,734,161	3,122,894	3,121,453	3,335,850	2,290,543	1,379,430	28,104	0
Admin Expenses	864,703	995,485	1,261,552	2,043,694	2,630,092	2,647,181	2,439,012	1,588,613	2,572,696	2,499,847	2,796,272	2,206,696	1,365,312	-13,761	-6,806
Operating Profit	1,043,074	948,427	-248,537	248,956	208,063	167,366	557,680	145,548	550,198	621,606	539,578	83,847	14,118	41,865	6,806
Interest Payable	151,775	116,559	86,374	46,369	87,048	94,151	100,104	445,597	251,265	264,618	0	0	12,935	41,452	34,847
Interest Receivable	28,618	3,755	102	37	1,419	1,050	499	25	144	46,664	1,595	945	1	0	0
Pre-Tax Profit	919,917	835,623	-334,809	165,205	122,433	74,265	458,075	-300,024	299,077	403,652	541,173	84,792	1,184	413	-28,041
Tax	-229,979	-158,768	0	-43,891	-23,262	-14,110	-87,034	-10,025	-70,700	-75,377	-124,470	-20,350	-308	35	0
Profit After Tax	689,938	676,855	-334,809	121,314	99,171	60,155	371,041	-310,049	228,377	328,275	416,703	64,442	876	448	-28,041
Dividends Paid	0	0	0	0	0	0	0	143,207	0	0	0	0	0	0	0
Retained Profit	689,938	676,855	-334,809	121,314	99,171	60,155	371,041	-453,256	228,377	328,275	416,703	64,442	876	448	-28,041
Employee Costs	1,030,412	980,007	782,639	1,115,507	1,350,306	1,429,932	1,414,311	818,127	1,054,008	998,484	1,749,044	1,158,178	640,407	23,958	0
Number Of Employees	69	71	58	77	86	87	97	88	89	92	130	95	53	2	0
EBITDA*	1,162,747	1,118,595	-128,945	368,341	323,197	281,818	672,083	269,037	702,289	761,987	655,923	136,712	14,118	41,865	6,806

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Jul 2010	Jul 2009
Tangible Assets	2,150,489	2,212,157	2,126,478	2,245,205	2,353,230	2,441,200	2,550,243	2,657,999	3,835,676	3,975,342	2,954,696	3,023,254	556,700	556,700	556,700
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	100	101	100	100	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	0
Total Fixed Assets	2,150,489	2,212,157	2,126,478	2,245,205	2,353,330	2,441,301	2,550,343	2,658,099	3,835,676	3,975,342	2,954,696	3,023,254	556,700	556,700	556,700
Stock & work in progress	127,326	63,461	36,289	61,243	71,225	95,544	95,817	105,075	204,521	206,934	89,030	110,042	0	0	0
Trade Debtors	147,815	216,838	95,305	279,843	204,541	208,071	183,256	215,089	86,521	40,981	186,663	71,890	38,000	18,000	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	2,090,413	1,222,479	1,081,573	520,355	584,534	335,927	311,125	99,508	117,179	189,222	0	0	0	0	0
Cash	408,054	938,691	62,607	141,446	173,369	205,016	215,143	183,885	582,002	329,691	260,073	377,909	0	487	2,831
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,773,608	2,441,469	1,275,774	1,002,887	1,033,669	844,558	805,341	603,557	990,223	766,828	535,766	559,841	38,000	18,487	2,831
total assets	4,924,097	4,653,626	3,402,252	3,248,092	3,386,999	3,285,859	3,355,684	3,261,656	4,825,899	4,742,170	3,490,462	3,583,095	594,700	575,187	559,531
Bank overdraft	149,970	125,457	125,770	167,800	167,797	161,777	155,974	150,379	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	398,000	398,000
Trade Creditors	143,193	221,437	152,557	302,372	381,493	248,656	236,438	173,338	205,638	269,809	489,547	870,227	525,605	0	0
Group/Directors Accounts	56,115	53,963	36,946	26,966	65,479	39,135	39,134	308,667	1,433	7,038	0	0	0	77,211	40,467
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	28,190	25,106	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	740,271	737,428	320,498	433,490	407,325	400,190	386,447	303,848	322,478	255,735	0	0	0	31,757	53,293
total current liabilities	1,117,739	1,163,391	635,771	930,628	1,022,094	849,758	817,993	936,232	529,549	532,582	489,547	870,227	525,605	506,968	491,760
loans	1,148,902	1,537,131	1,665,230	873,119	1,040,919	1,208,716	1,370,493	1,526,467	39,423	39,423	0	0	0	0	0
hp & lease commitments	117,743	145,933	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	1,950,000	2,100,000	1,821,675	1,977,331	0	0	0
provisions	176,891	134,287	105,222	113,507	114,462	117,032	117,000	119,800	148,035	139,650	27,000	0	0	0	0
total long term liabilities	1,443,536	1,817,351	1,770,452	986,626	1,155,381	1,325,748	1,487,493	1,646,267	2,137,458	2,279,073	1,848,675	1,977,331	0	0	0
total liabilities	2,561,275	2,980,742	2,406,223	1,917,254	2,177,475	2,175,506	2,305,486	2,582,499	2,667,007	2,811,655	2,338,222	2,847,558	525,605	506,968	491,760
net assets	2,362,822	1,672,884	996,029	1,330,838	1,209,524	1,110,353	1,050,198	679,157	2,158,892	1,930,515	1,152,240	735,537	69,095	68,219	67,771
total shareholders funds	2,362,822	1,672,884	996,029	1,330,838	1,209,524	1,110,353	1,050,198	679,157	2,158,892	1,930,515	1,152,240	735,537	69,095	68,219	67,771

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Jul 2010	Jul 2009
Operating Activities
Operating Profit	1,043,074	948,427	-248,537	248,956	208,063	167,366	557,680	145,548	550,198	621,606	539,578	83,847	14,118	41,865	6,806
Depreciation	119,673	170,168	119,592	119,385	115,134	114,452	114,403	123,489	152,091	140,381	116,345	52,865	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-229,979	-158,768	0	-43,891	-23,262	-14,110	-87,034	-10,025	-70,700	-75,377	-124,470	-20,350	-308	35	0
Stock	63,865	27,172	-24,954	-9,982	-24,319	-273	-9,258	-99,446	-2,413	117,904	-21,012	110,042	0	0	0
Debtors	798,911	262,439	376,680	11,123	245,077	49,617	179,784	110,897	-26,503	43,540	114,773	33,890	20,000	18,000	0
Creditors	-78,244	68,880	-149,815	-79,121	132,837	12,218	63,100	-32,300	-64,171	-219,738	-380,680	344,622	525,605	0	0
Accruals and Deferred Income	2,843	416,930	-112,992	26,165	7,135	13,743	82,599	-18,630	66,743	255,735	0	0	-31,757	-21,536	53,293
Deferred Taxes & Provisions	42,604	29,065	-8,285	-955	-2,570	32	-2,800	-28,235	8,385	112,650	27,000	0	0	0	0
Cash flow from operations	37,195	1,185,091	-751,763	269,398	216,579	244,357	557,422	168,396	671,462	673,813	84,012	317,052	487,658	2,364	60,099
Investing Activities
capital expenditure	-58,005	-255,847	-865	-11,360	-27,164	-5,409	-6,647	-34,372	-12,425	-1,161,027	-47,787	-2,519,419	0	0	-556,700
Change in Investments	0	0	0	-100	-1	1	0	100	0	0	0	0	0	0	0
cash flow from investments	-58,005	-255,847	-865	-11,260	-27,163	-5,410	-6,647	-34,472	-12,425	-1,161,027	-47,787	-2,519,419	0	0	-556,700
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	-398,000	0	398,000
Group/Directors Accounts	2,152	17,017	9,980	-38,513	26,344	1	-269,533	307,234	-5,605	7,038	0	0	-77,211	36,744	40,467
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-388,229	-128,099	792,111	-167,800	-167,797	-161,777	-155,974	1,487,044	0	39,423	0	0	0	0	0
Hire Purchase and Lease Commitments	-25,106	171,039	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-1,950,000	-150,000	278,325	-155,656	1,977,331	0	0	0
share issue	0	0	0	0	0	0	0	-1,026,479	0	450,000	0	602,000	0	0	95,812
interest	-123,157	-112,804	-86,272	-46,332	-85,629	-93,101	-99,605	-445,572	-251,121	-217,954	1,595	945	-12,934	-41,452	-34,847
cash flow from financing	-534,340	-52,847	715,819	-252,645	-227,082	-254,877	-525,112	-1,627,773	-406,726	556,832	-154,061	2,580,276	-488,145	-4,708	499,432
cash and cash equivalents
cash	-530,637	876,084	-78,839	-31,923	-31,647	-10,127	31,258	-398,117	252,311	69,618	-117,836	377,909	-487	-2,344	2,831
overdraft	24,513	-313	-42,030	3	6,020	5,803	5,595	150,379	0	0	0	0	0	0	0
change in cash	-555,150	876,397	-36,809	-31,926	-37,667	-15,930	25,663	-548,496	252,311	69,618	-117,836	377,909	-487	-2,344	2,831

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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REDMED LIMITED group structure

Redmed Limited has 2 subsidiary companies.

Ultimate parent company

REDMED LIMITED

04045609

2 subsidiaries

NEWPORT BARS AND RESTAURANTS LIMITED

09696942

HIGH STREET BARS LIMITED

08488927

REDMED LIMITED Shareholders

john o'donoghue	70.63%
sharon o'donoghue	25%
peter marks	4.38%

Redmed Limited currently has 1 director, Mr John O'Donoghue serving since Sep 2008.

officer	country	age	start	end	role
Mr John O'Donoghue	England	65 years	Sep 2008	-	Director

P&L

April 2023

turnover

3.3m

+2%

operating profit

gross margin

58.2%

-3.44%

turnover

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

Balance Sheet

April 2023

net assets

2.4m

+0.41%

total assets

4.9m

+0.06%

cash

408.1k

-0.57%

net assets

Total assets minus all liabilities

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company number

04045609

Type

Private limited with Share Capital

industry

56302 - Public houses and bars

incorporation date

August 2000

ultimate parent company

None

previous names

N/A

address

287 high street, lincoln, LN2 1AW

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redmed limited Company Information

redmed limited Estimated Valuation

redmed limited Estimated Valuation

redmed limited Estimated Valuation

Redmed Limited Overview

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REDMED LIMITED financials

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