red bend software limited
red bend software limited Company Information
Company Number
05211252
Website
https://services.harman.comRegistered Address
25 farringdon street, london, EC4A 4AB
Industry
Other information technology and computer service activities
Telephone
-
Next Accounts Due
April 2024
Group Structure
View All
Directors
John Stacey8 Years
Shareholders
red bend ltd 100%
red bend software limited Estimated Valuation
The estimated valuation range for red bend software limited, derived from financial data as of December 2017 and the most recent industry multiples, is between £0 to £8.5m
red bend software limited Estimated Valuation
The estimated valuation range for red bend software limited, derived from financial data as of December 2017 and the most recent industry multiples, is between £0 to £8.5m
red bend software limited Estimated Valuation
The estimated valuation range for red bend software limited, derived from financial data as of December 2017 and the most recent industry multiples, is between £0 to £8.5m
Get a detailed valuation report, edit figures and unlock valuation multiples.
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Red Bend Software Limited Overview
Red Bend Software Limited is a dissolved company that was located in london, EC4A 4AB with a Companies House number of 05211252. It operated in the other information technology service activities sector, SIC Code 62090. Founded in August 2004, it's largest shareholder was red bend ltd with a 100% stake. The last turnover for Red Bend Software Limited was estimated at £4.2m.
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Red Bend Software Limited Health Check
Pomanda's financial health check has awarded Red Bend Software Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
6 Weak
Size
annual sales of £4.2m, make it larger than the average company (£3.1m)
£4.2m - Red Bend Software Limited
£3.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (7.4%)
10% - Red Bend Software Limited
7.4% - Industry AVG
Production
with a gross margin of 53.4%, this company has a comparable cost of product (53.4%)
53.4% - Red Bend Software Limited
53.4% - Industry AVG
Profitability
an operating margin of 33.9% make it more profitable than the average company (5.2%)
33.9% - Red Bend Software Limited
5.2% - Industry AVG
Employees
with 7 employees, this is below the industry average (37)
7 - Red Bend Software Limited
37 - Industry AVG
Pay Structure
on an average salary of £119.9k, the company has a higher pay structure (£55.2k)
£119.9k - Red Bend Software Limited
£55.2k - Industry AVG
Efficiency
resulting in sales per employee of £600k, this is more efficient (£140.9k)
£600k - Red Bend Software Limited
£140.9k - Industry AVG
Debtor Days
it gets paid by customers after 245 days, this is later than average (59 days)
245 days - Red Bend Software Limited
59 days - Industry AVG
Creditor Days
its suppliers are paid after 3 days, this is quicker than average (38 days)
3 days - Red Bend Software Limited
38 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Red Bend Software Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (14 weeks)
0 weeks - Red Bend Software Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 130.1%, this is a higher level of debt than the average (66%)
130.1% - Red Bend Software Limited
66% - Industry AVG
red bend software limited Credit Report and Business Information
Red Bend Software Limited Competitor Analysis
Perform a competitor analysis for red bend software limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
red bend software limited Ownership
RED BEND SOFTWARE LIMITED group structure
Red Bend Software Limited has no subsidiary companies.
Ultimate parent company
HARMAN INTERNATIONAL INDUSTRIES INC
#0008398
1 parent
RED BEND SOFTWARE LIMITED
05211252
red bend software limited directors
Red Bend Software Limited currently has 1 director, Mr John Stacey serving since Oct 2015.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Stacey | United Kingdom | 59 years | Oct 2015 | - | Director |
RED BEND SOFTWARE LIMITED financials
Red Bend Software Limited's latest turnover from December 2017 is £4.2 million and the company has net assets of -£1.1 million. According to their latest financial statements, Red Bend Software Limited has 7 employees and maintains cash reserves of £42.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 4,199,794 | 2,234,935 | 1,723,876 | 3,166,419 | 2,496,004 | 3,423,381 | 3,543,746 | 2,668,726 | 1,730,888 |
| Other Income Or Grants | |||||||||
| Cost Of Sales | |||||||||
| Gross Profit | |||||||||
| Admin Expenses | |||||||||
| Operating Profit | 1,423,632 | -416,554 | -113,796 | -82,697 | 95,782 | 108,851 | 46,200 | -432,124 | -471,965 |
| Interest Payable | 0 | 0 | 0 | 0 | 100 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 2,666 | 1,145 | 30 | 17 | 15 | 13 |
| Pre-Tax Profit | 1,423,759 | -416,411 | -113,796 | -80,031 | 97,027 | 108,881 | 46,217 | -432,109 | -471,952 |
| Tax | 139 | -8,441 | 234 | -10,925 | -6,049 | -4,814 | -15,300 | -2,422 | -2,373 |
| Profit After Tax | 1,423,898 | -424,852 | -113,562 | -90,956 | 90,978 | 104,067 | 30,917 | -434,531 | -474,325 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 1,423,898 | -424,852 | -113,562 | -90,956 | 90,978 | 104,067 | 30,917 | -434,531 | -474,325 |
| Employee Costs | 839,103 | 1,265,019 | 1,135,897 | 877,543 | 1,112,220 | 1,494,317 | 892,640 | 739,310 | 814,915 |
| Number Of Employees | 7 | 9 | 7 | 7 | 6 | 7 | 6 | 9 | 4 |
| EBITDA* | 1,427,523 | -416,554 | -107,062 | -69,488 | 109,464 | 120,396 | 51,509 | -428,512 | -464,768 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 4,753 | 9,796 | 6,569 | 9,204 | 15,229 | 24,751 | 21,686 | 4,219 | 5,900 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 4,753 | 9,796 | 6,569 | 9,204 | 15,229 | 24,751 | 21,686 | 4,219 | 5,900 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 2,821,055 | 839,401 | 274,132 | 123,656 | 145,321 | 0 | 48,037 | 0 | 0 |
| Group Debtors | 581,578 | 417,964 | 242,127 | 180,457 | 135,944 | 933,430 | 1,851 | 1,417 | 3,563 |
| Misc Debtors | 64,440 | 56,526 | 59,798 | 66,099 | 92,207 | 78,519 | 75,768 | 49,701 | 36,269 |
| Cash | 42,315 | 172,453 | 150,703 | 52,338 | 107,320 | 476,053 | 388,199 | 48,746 | 6,115,430 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,509,388 | 1,486,344 | 726,760 | 422,550 | 480,792 | 1,488,002 | 513,855 | 99,864 | 6,155,262 |
| total assets | 3,514,141 | 1,496,140 | 733,329 | 431,754 | 496,021 | 1,512,753 | 535,541 | 104,083 | 6,161,162 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 19,431 | 19,034 | 28,408 | 51,238 | 24,418 | 22,313 | 12,362 | 1,850 | 9,836 |
| Group/Directors Accounts | 0 | 0 | 2,502,453 | 2,170,851 | 299,972 | 23,141 | 771,714 | 1,057,130 | 6,432,576 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 4,550,586 | 3,970,260 | 334,711 | 283,431 | 2,198,204 | 3,648,844 | 2,140,748 | 1,461,931 | 1,712,389 |
| total current liabilities | 4,570,017 | 3,989,294 | 2,865,572 | 2,505,520 | 2,522,594 | 3,694,298 | 2,924,824 | 2,520,911 | 8,154,801 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 20,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 20,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 4,570,017 | 3,989,294 | 2,885,572 | 2,505,520 | 2,522,594 | 3,694,298 | 2,924,824 | 2,520,911 | 8,154,801 |
| net assets | -1,055,876 | -2,493,154 | -2,152,243 | -2,073,766 | -2,026,573 | -2,181,545 | -2,389,283 | -2,416,828 | -1,993,639 |
| total shareholders funds | -1,055,876 | -2,493,154 | -2,152,243 | -2,073,766 | -2,026,573 | -2,181,545 | -2,389,283 | -2,416,828 | -1,993,639 |
| Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | 1,423,632 | -416,554 | -113,796 | -82,697 | 95,782 | 108,851 | 46,200 | -432,124 | -471,965 |
| Depreciation | 3,891 | 6,734 | 13,209 | 13,682 | 11,545 | 5,309 | 3,612 | 7,197 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | 139 | -8,441 | 234 | -10,925 | -6,049 | -4,814 | -15,300 | -2,422 | -2,373 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 2,153,182 | 737,834 | 205,845 | -3,260 | -638,477 | 886,293 | 74,538 | 11,286 | 39,832 |
| Creditors | 397 | -9,374 | -22,830 | 26,820 | 2,105 | 9,951 | 10,512 | -7,986 | 9,836 |
| Accruals and Deferred Income | 580,326 | 3,635,549 | 51,280 | -1,914,773 | -1,450,640 | 1,508,096 | 678,817 | -250,458 | 1,712,389 |
| Deferred Taxes & Provisions | 0 | -20,000 | 20,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -144,797 | -264,223 | -1,965,106 | -706,643 | 747,336 | 651,000 | -700,664 | 1,215,252 | |
| Investing Activities | |||||||||
| capital expenditure | -4,098 | -7,184 | -4,160 | -14,609 | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -4,098 | -7,184 | -4,160 | -14,609 | |||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | -2,502,453 | 331,602 | 1,870,879 | 276,831 | -748,573 | -285,416 | -5,375,446 | 6,432,576 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | 0 | 0 | 0 | 2,666 | 1,045 | 30 | 17 | 15 | 13 |
| cash flow from financing | 13,380 | -2,418,512 | 366,687 | 1,917,308 | 341,870 | -644,872 | -288,771 | -5,364,089 | 4,913,275 |
| cash and cash equivalents | |||||||||
| cash | -130,138 | 21,750 | 98,365 | -54,982 | -368,733 | 87,854 | 339,453 | -6,066,684 | 6,115,430 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -130,138 | 21,750 | 98,365 | -54,982 | -368,733 | 87,854 | 339,453 | -6,066,684 | 6,115,430 |
P&L
December 2017turnover
4.2m
+88%
operating profit
1.4m
-442%
gross margin
53.5%
-0.07%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2017net assets
-1.1m
-0.58%
total assets
3.5m
+1.35%
cash
42.3k
-0.75%
net assets
Total assets minus all liabilities
Similar Companies
red bend software limited company details
company number
05211252
Type
Private limited with Share Capital
industry
62090 - Other information technology and computer service activities
incorporation date
August 2004
age
20
accounts
Group
ultimate parent company
previous names
N/A
incorporated
UK
address
25 farringdon street, london, EC4A 4AB
last accounts submitted
December 2017
red bend software 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 1 charges/mortgages relating to red bend software limited. Currently there are 0 open charges and 1 have been satisfied in the past.
red bend software limited Companies House Filings - See Documents
| date | description | view/download |
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