Redfin Management Ltd

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redfin management ltd Company Information

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MatureSmallHealthy

Company Number

05206352

Website

www.redfin.co.uk

Registered Address

111 charterhouse street, farringdon, london, EC1M 6AW

Industry

Bookkeeping activities

Telephone

02070600242

Next Accounts Due

December 2024

Group Structure

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Directors

Julian Davies20 Years

Robert Quinn1 Years

Shareholders

band advisory group limited 100%

redfin management ltd Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of REDFIN MANAGEMENT LTD at £1.1m based on an EBITDA of £213.7k and a 4.96x industry multiple (adjusted for size and gross margin).

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Redfin Management Ltd is a live company located in london, EC1M 6AW with a Companies House number of 05206352. It operates in the bookkeeping activities sector, SIC Code 69202. Founded in August 2004, it's largest shareholder is band advisory group limited with a 100% stake. Redfin Management Ltd is a mature, small sized company, Pomanda has estimated its turnover at £610k with healthy growth in recent years.

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Pomanda's financial health check has awarded Redfin Management Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 0 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

4 Regular

0 Weak

Size

annual sales of £610k, make it larger than the average company (£82.1k)

Growth

3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (4.6%)

EXPORT

Redfin Management Ltd's latest turnover from March 2023 is estimated at £610 thousand and the company has net assets of £201.8 thousand. According to their latest financial statements, Redfin Management Ltd has 13 employees and maintains cash reserves of £95.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	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	610,049	477,845	452,899	846,266	904,806	761,275	964,644	1,520,610	1,170,484	1,331,918	651,718	760,058	525,738	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	155,193	103,148	36,384	61,369	42,435	45,007	63,485	92,502	101,870	94,654	58,419	105,309	34,620	0
Gross Profit	454,856	374,697	416,515	784,897	862,371	716,268	901,160	1,428,109	1,068,614	1,237,263	593,299	654,748	491,118	0
Admin Expenses	244,415	297,588	370,806	822,110	761,973	800,602	942,500	1,477,239	986,003	1,180,773	605,637	628,014	566,007	-260,968
Operating Profit	210,441	77,109	45,709	-37,213	100,398	-84,334	-41,340	-49,130	82,611	56,490	-12,338	26,734	-74,889	260,968
Interest Payable	0	0	0	0	0	2,600	6,250	3,900	0	0	0	0	0	0
Interest Receivable	2,036	481	144	881	899	604	224	371	300	188	142	72	237	188
Pre-Tax Profit	212,477	77,590	45,853	-36,332	101,296	-86,330	-47,366	-52,659	82,910	56,678	-12,196	26,805	-74,652	261,156
Tax	-40,371	-14,742	-8,712	0	-19,246	0	0	0	-17,411	-13,036	0	-6,969	0	-73,124
Profit After Tax	172,106	62,848	37,141	-36,332	82,050	-86,330	-47,366	-52,659	65,499	43,642	-12,196	19,836	-74,652	188,032
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	172,106	62,848	37,141	-36,332	82,050	-86,330	-47,366	-52,659	65,499	43,642	-12,196	19,836	-74,652	188,032
Employee Costs	197,136	158,300	161,199	168,606	181,164	288,199	330,974	725,487	628,693	985,971	414,342	444,081	154,259	0
Number Of Employees	13	10	10	12	12	14	13	40	34	40	17	19	13	0
EBITDA*	213,675	79,290	46,187	-32,943	105,055	-23,784	75,265	67,253	141,410	56,706	-12,022	27,306	-74,000	262,203

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	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	1,408	3,191	2,588	415	2,850	4,191	2,481	3,527	2,651	305	449	453	1,025	49,386
Intangible Assets	0	0	0	0	0	0	56,567	169,699	282,831	0	0	0	0	0
Investments & Other	0	0	0	6,947	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	48,000	48,000	58,000	48,000	0
Total Fixed Assets	1,408	3,191	2,588	7,362	2,850	4,191	59,048	173,226	285,482	48,305	48,449	58,453	49,025	49,386
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	146,946	123,270	103,217	188,542	177,955	134,905	160,253	200,270	147,672	124,410	62,599	102,407	75,619	111,249
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	76,682	4,760	5,749	9,371	3	3	3	6,882	0	12,043	0	0	0	0
Cash	95,797	211,887	173,258	114,017	120,940	118,719	122,828	56,000	92,349	27,483	47,593	9,069	19,596	75,147
misc current assets	0	0	0	0	10,027	10,311	5,026	4,845	4,026	0	0	0	0	0
total current assets	319,425	339,917	282,224	311,930	308,925	263,938	288,110	267,997	244,047	163,936	110,192	111,476	95,215	186,396
total assets	320,833	343,108	284,812	319,292	311,775	268,129	347,158	441,223	529,529	212,241	158,641	169,929	144,240	235,782
Bank overdraft	0	0	0	0	0	0	40,000	40,000	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	18,083	23,916	21,790	52,664	37,567	34,607	27,913	35,213	172,298	47,479	37,521	36,613	30,760	47,650
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	100,903	112,608	119,287	160,034	131,282	172,646	92,039	91,438	0	0	0	0	0	0
total current liabilities	118,986	136,524	141,077	212,698	168,849	207,253	159,952	166,651	172,298	47,479	37,521	36,613	30,760	47,650
loans	0	0	0	0	0	0	40,000	80,000	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	0	0
other liabilities	0	0	0	0	0	0	0	0	110,000	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	40,000	80,000	110,000	0	0	0	0	0
total liabilities	118,986	136,524	141,077	212,698	168,849	207,253	199,952	246,651	282,298	47,479	37,521	36,613	30,760	47,650
net assets	201,847	206,584	143,735	106,594	142,926	60,876	147,206	194,572	247,231	164,762	121,120	133,316	113,480	188,132
total shareholders funds	201,847	206,584	143,735	106,594	142,926	60,876	147,206	194,572	247,231	164,762	121,120	133,316	113,480	188,132

	Mar 2023	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	210,441	77,109	45,709	-37,213	100,398	-84,334	-41,340	-49,130	82,611	56,490	-12,338	26,734	-74,889	260,968
Depreciation	3,234	2,181	478	4,270	4,657	3,983	3,473	3,251	2,233	216	316	572	889	1,235
Amortisation	0	0	0	0	0	56,567	113,132	113,132	56,566	0	0	0	0	0
Tax	-40,371	-14,742	-8,712	0	-19,246	0	0	0	-17,411	-13,036	0	-6,969	0	-73,124
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	223,628	19,064	-88,947	19,955	43,050	-25,348	-46,896	59,480	-36,781	73,854	-49,808	36,788	12,370	111,249
Creditors	18,083	2,126	-30,874	15,097	2,960	6,694	-7,300	-137,085	124,819	9,958	908	5,853	-16,890	47,650
Accruals and Deferred Income	100,903	-6,679	-40,747	28,752	-41,364	80,607	601	91,438	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	68,662	40,931	54,801	-9,049	4,355	88,865	115,462	-37,874	285,599	-20,226	38,694	-10,598	-103,260	125,480
Investing Activities
capital expenditure	-4,642	-2,784	-2,651	-1,835	-3,316	-5,693	-2,427	-4,127	-343,976	-72	-312	0	47,472	-50,621
Change in Investments	0	0	-6,947	6,947	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-4,642	-2,784	4,296	-8,782	-3,316	-5,693	-2,427	-4,127	-343,976	-72	-312	0	47,472	-50,621
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	-40,000	-40,000	80,000	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	-110,000	110,000	0	0	0	0	0
share issue	29,741	1	0	0	0	0	0	0	16,970	0	0	0	0	100
interest	2,036	481	144	881	899	-1,996	-6,026	-3,529	300	188	142	72	237	188
cash flow from financing	31,777	482	144	881	899	-41,996	-46,026	-33,529	127,270	188	142	72	237	288
cash and cash equivalents
cash	95,797	38,629	59,241	-6,923	2,221	-4,109	66,828	-36,349	64,866	-20,110	38,524	-10,527	-55,551	75,147
overdraft	0	0	0	0	0	-40,000	0	40,000	0	0	0	0	0	0
change in cash	95,797	38,629	59,241	-6,923	2,221	35,891	66,828	-76,349	64,866	-20,110	38,524	-10,527	-55,551	75,147

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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REDFIN MANAGEMENT LTD group structure

Redfin Management Ltd has no subsidiary companies.

Ultimate parent company

REDFIN MANAGEMENT LTD

05206352

REDFIN MANAGEMENT LTD Shareholders

band advisory group limited

100%

Redfin Management Ltd currently has 2 directors. The longest serving directors include Mr Julian Davies (Aug 2004) and Mr Robert Quinn (Apr 2023).

officer	country	age	start	end	role
Mr Julian Davies		61 years	Aug 2004	-	Director
Mr Robert Quinn	United Kingdom	49 years	Apr 2023	-	Director

P&L

March 2023

turnover

610k

operating profit

210.4k

gross margin

74.6%

turnover

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

Balance Sheet

March 2023

net assets

201.8k

total assets

320.8k

cash

95.8k

net assets

Total assets minus all liabilities

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company number

05206352

Type

Private limited with Share Capital

industry

69202 - Bookkeeping activities

incorporation date

August 2004

accounts

Total Exemption Full

ultimate parent company

None

previous names

redfin financial management ltd (July 2014)

the lyndon consultancy ltd (July 2014)

last accounts submitted

March 2023

address

111 charterhouse street, farringdon, london, EC1M 6AW

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 1 charges/mortgages relating to redfin management ltd. Currently there are 0 open charges and 1 have been satisfied in the past.

redfin management ltd Company Information

redfin management ltd Estimated Valuation

redfin management ltd Estimated Valuation

redfin management ltd Estimated Valuation

Redfin Management Ltd Overview

Redfin Management Ltd Health Check

REDFIN MANAGEMENT LTD financials

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