Redstones Property Limited

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redstones property limited Company Information

Company Number

05164020

Next Accounts

Mar 2026

Directors

Manjit Virdi

Rajbinder Somal Virdi

Shareholders

manjit singh virdi

rajbinder kaur somal

Group Structure

View All

Industry

Real estate agencies

Registered Address

west midlands house gipsy lane, willenhall, west midlands, WV13 2HA

Website

www.redstones.co.uk

redstones property limited Estimated Valuation

£2.2m

Pomanda estimates the enterprise value of REDSTONES PROPERTY LIMITED at £2.2m based on a Turnover of £1.4m and 1.53x industry multiple (adjusted for size and gross margin).

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Redstones Property Limited is a live company located in west midlands, WV13 2HA with a Companies House number of 05164020. It operates in the real estate agencies sector, SIC Code 68310. Founded in June 2004, it's largest shareholder is manjit singh virdi with a 50% stake. Redstones Property Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.4m with rapid growth in recent years.

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Pomanda's financial health check has awarded Redstones Property Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

5 Strong

1 Regular

5 Weak

Size

annual sales of £1.4m, make it larger than the average company (£563.6k)

Growth

3 year (CAGR) sales growth of 57%, show it is growing at a faster rate (6.3%)

EXPORT

Redstones Property Limited's latest turnover from June 2024 is estimated at £1.4 million and the company has net assets of £445.5 thousand. According to their latest financial statements, Redstones Property Limited has 9 employees and maintains cash reserves of £46.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	1,424,059	1,027,317	724,373	370,213	435,123	333,248	242,383	211,731	262,140	288,055	269,454	310,159	237,785	250,271	213,186
Other Income Or Grants
Cost Of Sales	866,888	615,153	394,879	224,401	252,758	193,322	130,514	90,150	106,211	115,101	115,082	151,180	104,418	116,709	109,319
Gross Profit	557,171	412,164	329,494	145,812	182,365	139,926	111,869	121,581	155,929	172,954	154,372	158,979	133,367	133,562	103,867
Admin Expenses	518,557	338,920	316,503	34,214	98,761	44,775	17,993	37,635	177,261	105,834	199,581	195,499	130,728	125,681	97,809
Operating Profit	38,614	73,244	12,991	111,598	83,604	95,151	93,876	83,946	-21,332	67,120	-45,209	-36,520	2,639	7,881	6,058
Interest Payable
Interest Receivable	2,657	2,413	1,568	151	70	442	467	301	714	653	430	348	343	344	170
Pre-Tax Profit	41,271	75,657	14,559	111,749	83,674	95,593	94,343	84,247	-20,618	67,774	-44,779	-36,172	2,982	8,224	6,228
Tax	-10,318	-18,914	-2,766	-21,232	-15,898	-18,163	-17,925	-16,007		-13,555			-716	-2,138	-1,744
Profit After Tax	30,953	56,743	11,793	90,517	67,776	77,430	76,418	68,240	-20,618	54,219	-44,779	-36,172	2,266	6,086	4,484
Dividends Paid
Retained Profit	30,953	56,743	11,793	90,517	67,776	77,430	76,418	68,240	-20,618	54,219	-44,779	-36,172	2,266	6,086	4,484
Employee Costs	354,764	336,478	363,878	340,723	387,800	393,878	280,507	214,776	110,400	116,748	112,830	134,348	94,229	67,119	68,979
Number Of Employees	9	9	9	9	10	10	8	6	3	3	3	4	3	2	2
EBITDA*	67,578	102,423	42,306	140,422	112,615	123,794	111,098	85,886	-19,549	69,471	-34,832	-23,210	14,299	18,640	8,681

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	7,012	8,251	9,022	6,234	6,433	5,547	3,735	3,333	4,433	3,260	4,190	11,602	24,207	30,904	7,304
Intangible Assets	96,300	124,025	151,750	179,475	207,200	235,025	131,500
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	103,312	132,276	160,772	185,709	213,633	240,572	135,235	3,333	4,433	3,260	4,190	11,602	24,207	30,904	7,304
Stock & work in progress
Trade Debtors	625,055	560,783	281,194	96,465	102,586	67,532	35,740	42,039	52,866	55,536	45,694	51,738	39,876	42,417	35,788
Group Debtors
Misc Debtors
Cash	46,307	54,893	41,626	209,333	93,135	46,568	71,251	115,738	124,894	160,638	100,703	71,414	67,725	69,399	68,047
misc current assets
total current assets	671,362	615,676	322,820	305,798	195,721	114,100	106,991	157,777	177,760	216,174	146,397	123,152	107,601	111,816	103,835
total assets	774,674	747,952	483,592	491,507	409,354	354,672	242,226	161,110	182,193	219,434	150,587	134,754	131,808	142,720	111,139
Bank overdraft
Bank loan
Trade Creditors	316,774	310,410	92,451	103,522	152,682	89,664	131,513	126,730	216,053	232,164	217,350	156,285	114,781	103,039	106,244
Group/Directors Accounts						76,450
other short term finances
hp & lease commitments
other current liabilities
total current liabilities	316,774	310,410	92,451	103,522	152,682	166,114	131,513	126,730	216,053	232,164	217,350	156,285	114,781	103,039	106,244
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities	10,691	20,976	31,667	40,833										23,500
provisions	1,753	2,063	1,714	1,185	1,222	884	469	554	554	1,066	1,252	1,705	4,091	5,511	311
total long term liabilities	12,444	23,039	33,381	42,018	1,222	884	469	554	554	1,066	1,252	1,705	4,091	29,011	311
total liabilities	329,218	333,449	125,832	145,540	153,904	166,998	131,982	127,284	216,607	233,230	218,602	157,990	118,872	132,050	106,555
net assets	445,456	414,503	357,760	345,967	255,450	187,674	110,244	33,826	-34,414	-13,796	-68,015	-23,236	12,936	10,670	4,584
total shareholders funds	445,456	414,503	357,760	345,967	255,450	187,674	110,244	33,826	-34,414	-13,796	-68,015	-23,236	12,936	10,670	4,584

	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	38,614	73,244	12,991	111,598	83,604	95,151	93,876	83,946	-21,332	67,120	-45,209	-36,520	2,639	7,881	6,058
Depreciation	1,239	1,454	1,590	1,099	1,186	918	2,722	1,940	1,783	2,351	10,377	13,310	11,660	10,759	2,623
Amortisation	27,725	27,725	27,725	27,725	27,825	27,725	14,500
Tax	-10,318	-18,914	-2,766	-21,232	-15,898	-18,163	-17,925	-16,007		-13,555			-716	-2,138	-1,744
Stock
Debtors	64,272	279,589	184,729	-6,121	35,054	31,792	-6,299	-10,827	-2,670	9,842	-6,044	11,862	-2,541	6,629	35,788
Creditors	6,364	217,959	-11,071	-49,160	63,018	-41,849	4,783	-89,323	-16,111	14,814	61,065	41,504	11,742	-3,205	106,244
Accruals and Deferred Income
Deferred Taxes & Provisions	-310	349	529	-37	338	415	-85		-512	-186	-453	-2,386	-1,420	5,200	311
Cash flow from operations	-958	22,228	-155,731	76,114	125,019	32,405	104,170	-8,617	-33,502	60,702	31,824	4,046	26,446	11,868	77,704
Investing Activities
capital expenditure		-683	-4,378	-900	-2,072	-133,980	-149,124	-840	-2,956	-1,421	-2,965	-705	-4,963	-34,359	-9,927
Change in Investments
cash flow from investments		-683	-4,378	-900	-2,072	-133,980	-149,124	-840	-2,956	-1,421	-2,965	-705	-4,963	-34,359	-9,927
Financing Activities
Bank loans
Group/Directors Accounts					-76,450	76,450
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities	-10,285	-10,691	-9,166	40,833									-23,500	23,500
share issue															100
interest	2,657	2,413	1,568	151	70	442	467	301	714	653	430	348	343	344	170
cash flow from financing	-7,628	-8,278	-7,598	40,984	-76,380	76,892	467	301	714	653	430	348	-23,157	23,844	270
cash and cash equivalents
cash	-8,586	13,267	-167,707	116,198	46,567	-24,683	-44,487	-9,156	-35,744	59,935	29,289	3,689	-1,674	1,352	68,047
overdraft
change in cash	-8,586	13,267	-167,707	116,198	46,567	-24,683	-44,487	-9,156	-35,744	59,935	29,289	3,689	-1,674	1,352	68,047

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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REDSTONES PROPERTY LIMITED group structure

Redstones Property Limited has no subsidiary companies.

Ultimate parent company

REDSTONES PROPERTY LIMITED

05164020

REDSTONES PROPERTY LIMITED Shareholders

manjit singh virdi	50%
rajbinder kaur somal	50%

Redstones Property Limited currently has 2 directors. The longest serving directors include Mr Manjit Virdi (Jun 2004) and Mrs Rajbinder Somal Virdi (Jun 2004).

officer	country	age	start	end	role
Mr Manjit Virdi	England	54 years	Jun 2004	-	Director
Mrs Rajbinder Somal Virdi	England	54 years	Jun 2004	-	Director

P&L

June 2024

turnover

1.4m

+39%

operating profit

38.6k

gross margin

39.2%

-2.48%

turnover

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

Balance Sheet

June 2024

net assets

445.5k

+0.07%

total assets

774.7k

+0.04%

cash

46.3k

-0.16%

net assets

Total assets minus all liabilities

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company number

05164020

Type

Private limited with Share Capital

industry

68310 - Real estate agencies

incorporation date

June 2004

ultimate parent company

None

previous names

cornerstone residential limited (February 2005)

address

west midlands house gipsy lane, willenhall, west midlands, WV13 2HA

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redstones property limited Company Information

redstones property limited Estimated Valuation

redstones property limited Estimated Valuation

redstones property limited Estimated Valuation

Redstones Property Limited Overview

Redstones Property Limited Health Check

REDSTONES PROPERTY LIMITED financials

redstones property limited Credit Report and Business Information

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redstones property limited Ownership

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