Pomanda estimates the enterprise value of RED ENGINEERING DESIGN LIMITED at £50.6m based on a Turnover of £69.8m and 0.73x industry multiple (adjusted for size and gross margin).
red engineering design limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of RED ENGINEERING DESIGN LIMITED at £0 based on an EBITDA of £-3.9m and a 5.76x industry multiple (adjusted for size and gross margin).
red engineering design limitedEstimated Valuation
£15.3m
Pomanda estimates the enterprise value of RED ENGINEERING DESIGN LIMITED at £15.3m based on Net Assets of £8.1m and 1.89x industry multiple (adjusted for liquidity).
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Red Engineering Design LimitedOverview
Red Engineering Design Limited is a live company located in london, WC1A 1HB with a Companies House number of 05299489. It operates in the other engineering activities sector, SIC Code 71129. Founded in November 2004, it's largest shareholder is
red group holdings limited
with a 100% stake. Red Engineering Design Limited is a mature,
large sized company, Pomanda has estimated its turnover at
£69.8m with
high
growth in recent years.
Pomanda's financial health check has awarded Red Engineering Design Limited a 3.5 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 Rating3.5out of 5
5 Strong
1 Regular
5 Weak
Size
annual sales of £69.8m, make it larger than the average company (£2.7m)
£69.8m - Red Engineering Design Limited
£2.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 25%, show it is growing at a faster rate (8.4%)
25% - Red Engineering Design Limited
8.4% - Industry AVG
Production
with a gross margin of 23.5%, this company has a higher cost of product (40.7%)
23.5% - Red Engineering Design Limited
40.7% - Industry AVG
Profitability
an operating margin of -7% make it less profitable than the average company (6.6%)
-7% - Red Engineering Design Limited
6.6% - Industry AVG
Employees
with 380 employees, this is above the industry average (19)
380 - Red Engineering Design Limited
19 - Industry AVG
Pay Structure
on an average salary of £91.9k, the company has a higher pay structure (£49.5k)
£91.9k - Red Engineering Design Limited
£49.5k - Industry AVG
Efficiency
resulting in sales per employee of £183.7k, this is more efficient (£123.2k)
£183.7k - Red Engineering Design Limited
£123.2k - Industry AVG
Debtor Days
it gets paid by customers after 68 days, this is near the average (68 days)
68 days - Red Engineering Design Limited
68 days - Industry AVG
Creditor Days
its suppliers are paid after 64 days, this is slower than average (33 days)
64 days - Red Engineering Design Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Red Engineering Design Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 7 weeks, this is less cash available to meet short term requirements (21 weeks)
7 weeks - Red Engineering Design Limited
21 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 77.2%, this is a higher level of debt than the average (58.3%)
77.2% - Red Engineering Design Limited
58.3% - Industry AVG
RED ENGINEERING DESIGN LIMITED financials
EXPORT
Red Engineering Design Limited's latest turnover from December 2023 is £69.8 million and the company has net assets of £8.1 million. According to their latest financial statements, Red Engineering Design Limited has 380 employees and maintains cash reserves of £3.9 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Oct 2015
Oct 2014
Oct 2013
Oct 2012
Oct 2011
Oct 2010
Oct 2009
Turnover
69,814,053
55,974,812
45,857,093
35,867,621
27,817,429
19,745,129
11,906,485
12,609,661
9,295,822
7,272,766
8,858,232
7,484,752
9,180,651
10,268,514
Other Income Or Grants
Cost Of Sales
53,395,711
36,547,714
31,402,957
21,212,345
17,922,873
13,679,336
7,349,109
7,816,779
5,445,278
4,331,151
4,288,673
3,935,004
4,765,974
4,974,237
Gross Profit
16,418,342
19,427,098
14,454,136
14,655,276
9,894,556
6,065,793
4,557,376
4,792,882
3,850,544
2,941,615
4,569,559
3,549,749
4,414,677
5,294,277
Admin Expenses
21,271,097
21,440,429
11,062,654
9,072,725
5,579,039
2,951,660
3,170,045
3,693,896
3,109,240
2,218,430
4,201,478
3,546,689
4,376,916
4,930,261
-817,001
Operating Profit
-4,852,755
-2,013,331
3,391,482
5,582,551
4,315,517
3,114,133
1,387,331
1,098,986
741,304
723,185
368,081
3,060
37,761
364,016
817,001
Interest Payable
393,038
515
376,050
176
100
Interest Receivable
367,740
300,124
30
111
1,220
1,638
1,412
1,361
940
Pre-Tax Profit
-4,878,053
-1,713,722
3,015,432
5,602,096
4,785,699
3,164,163
1,487,331
1,299,097
741,304
723,085
369,301
4,697
39,173
365,376
817,942
Tax
1,406,699
-90,247
-484,650
-1,089,420
-819,762
-604,197
-284,623
-182,103
-162,262
-152,862
-84,939
-1,127
-10,185
-102,305
-229,024
Profit After Tax
-3,471,354
-1,803,969
2,530,782
4,512,676
3,965,937
2,559,966
1,202,708
1,116,994
579,042
570,223
284,362
3,570
28,988
263,071
588,918
Dividends Paid
2,420,000
1,180,000
20,000
949,650
40,000
45,000
Retained Profit
-3,471,354
-1,803,969
2,530,782
4,512,676
1,545,937
1,379,966
1,182,708
167,344
539,042
525,223
284,362
3,570
28,988
263,071
588,918
Employee Costs
34,923,789
24,216,309
19,025,924
13,010,619
8,069,550
5,703,453
4,890,853
5,497,350
4,207,585
3,348,978
3,099,501
2,602,149
3,279,422
3,781,131
Number Of Employees
380
331
240
168
110
83
68
70
60
54
77
67
88
112
EBITDA*
-3,891,292
-1,305,371
3,630,606
5,801,509
4,377,748
3,147,270
1,416,635
1,124,977
767,173
740,016
397,651
39,059
78,476
402,378
851,092
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Oct 2015
Oct 2014
Oct 2013
Oct 2012
Oct 2011
Oct 2010
Oct 2009
Tangible Assets
1,535,230
1,536,972
841,929
419,251
471,422
119,910
85,631
100,007
105,310
65,682
16,049
44,223
78,978
71,255
58,669
Intangible Assets
544,725
709,575
213,294
300,626
Investments & Other
1
1
1
1
Debtors (Due After 1 year)
Total Fixed Assets
2,079,955
2,246,547
1,055,223
719,877
471,422
119,911
85,632
100,008
105,310
65,682
16,049
44,223
78,978
71,256
58,669
Stock & work in progress
Trade Debtors
13,055,247
10,494,409
7,109,018
7,298,997
7,563,153
5,030,850
2,359,233
2,300,852
1,682,836
2,030,879
2,050,379
1,615,360
1,898,624
2,061,546
960,465
Group Debtors
275,765
2,374,166
3,170,251
1,835,360
859,283
361,461
1,077,172
305,815
153,354
129,885
Misc Debtors
16,072,439
11,110,230
7,948,113
7,032,861
2,012,601
963,505
173,659
319,520
363,411
133,513
Cash
3,923,962
5,723,931
4,834,653
4,372,133
3,338,814
2,565,277
1,930,142
706,252
1,238,890
753,337
229,381
258,574
396,558
168,105
376,147
misc current assets
total current assets
33,327,413
29,702,736
23,062,035
20,539,351
13,773,851
8,921,093
5,540,206
3,632,439
3,438,491
3,047,614
2,279,760
1,873,934
2,295,182
2,229,651
1,336,612
total assets
35,407,368
31,949,283
24,117,258
21,259,228
14,245,273
9,041,004
5,625,838
3,732,447
3,543,801
3,113,296
2,295,809
1,918,157
2,374,160
2,300,907
1,395,281
Bank overdraft
Bank loan
Trade Creditors
9,405,087
3,962,564
3,076,182
2,503,751
2,394,796
1,575,758
1,171,918
850,799
487,744
509,831
210,039
197,230
1,034,219
1,435,223
799,932
Group/Directors Accounts
1,516,318
3,280,643
356,619
569,414
1,081,895
623,498
112,540
531,640
504,335
other short term finances
hp & lease commitments
other current liabilities
16,399,473
13,148,232
7,322,644
7,355,032
4,436,722
1,936,165
928,303
423,790
702,034
796,562
381,169
322,883
446,755
total current liabilities
27,320,878
20,391,439
10,755,445
10,428,197
7,913,413
4,135,421
2,100,221
1,387,129
1,189,778
1,306,393
1,122,848
1,024,448
1,480,974
1,435,223
799,932
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
119,660
119,660
119,660
provisions
13,505
13,505
13,505
15,914
16,269
8,191
818
5,928
12,202
13,688
6,424
total long term liabilities
13,505
133,165
133,165
135,574
16,269
8,191
818
5,928
12,202
13,688
6,424
total liabilities
27,320,878
20,391,439
10,755,445
10,428,197
7,926,918
4,268,586
2,233,386
1,522,703
1,206,047
1,314,584
1,123,666
1,030,376
1,493,176
1,448,911
806,356
net assets
8,086,490
11,557,844
13,361,813
10,831,031
6,318,355
4,772,418
3,392,452
2,209,744
2,337,754
1,798,712
1,172,143
887,781
880,984
851,996
588,925
total shareholders funds
8,086,490
11,557,844
13,361,813
10,831,031
6,318,355
4,772,418
3,392,452
2,209,744
2,337,754
1,798,712
1,172,143
887,781
880,984
851,996
588,925
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Oct 2015
Oct 2014
Oct 2013
Oct 2012
Oct 2011
Oct 2010
Oct 2009
Operating Activities
Operating Profit
-4,852,755
-2,013,331
3,391,482
5,582,551
4,315,517
3,114,133
1,387,331
1,098,986
741,304
723,185
368,081
3,060
37,761
364,016
817,001
Depreciation
777,370
496,670
151,792
182,030
62,231
33,137
29,304
25,991
25,869
16,831
29,570
35,999
40,715
38,362
34,091
Amortisation
184,093
211,290
87,332
36,928
Tax
1,406,699
-90,247
-484,650
-1,089,420
-819,762
-604,197
-284,623
-182,103
-162,262
-152,862
-84,939
-1,127
-10,185
-102,305
-229,024
Stock
Debtors
5,424,646
5,751,423
2,060,164
5,732,181
4,079,221
2,745,752
683,877
726,586
-94,676
243,898
435,019
-283,264
-162,922
1,101,081
960,465
Creditors
5,442,523
886,382
572,431
108,955
819,038
403,840
321,119
363,055
-22,087
299,792
12,809
-836,989
-401,004
635,291
799,932
Accruals and Deferred Income
3,251,241
5,825,588
-32,388
2,918,310
2,500,557
1,007,862
504,513
-278,244
-94,528
415,393
58,286
-123,872
446,755
Deferred Taxes & Provisions
-13,505
-2,409
-355
8,078
7,373
-5,110
-6,274
-1,486
7,264
6,424
Cash flow from operations
784,525
-435,071
1,625,835
1,993,668
2,798,360
1,209,023
1,271,358
300,744
591,050
1,065,814
-56,322
-645,939
275,478
-158,453
467,959
Investing Activities
capital expenditure
-794,871
-1,899,284
-574,470
-467,413
-413,743
-67,416
-14,928
-20,688
-65,497
-66,128
-1,396
-1,244
-48,438
-50,948
-92,760
Change in Investments
-1
1
-1
1
cash flow from investments
-794,871
-1,899,284
-574,470
-467,413
-413,742
-67,416
-14,928
-20,689
-65,497
-66,128
-1,396
-1,244
-48,437
-50,949
-92,760
Financing Activities
Bank loans
Group/Directors Accounts
-1,764,325
2,924,024
-212,795
-512,481
458,397
623,498
-112,540
112,540
-531,640
27,305
504,335
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
-119,660
119,660
share issue
-295,354
101,346
3,227
7
interest
-25,298
299,609
-376,050
-176
30
111
-100
1,220
1,638
1,412
1,361
940
cash flow from financing
-1,789,623
3,223,633
-588,845
-512,657
338,737
623,528
-112,540
-63,043
-430,394
28,525
509,200
1,412
1,361
947
cash and cash equivalents
cash
-1,799,969
889,278
462,520
1,033,319
773,537
635,135
1,223,890
-532,638
485,553
523,956
-29,193
-137,984
228,453
-208,042
376,147
overdraft
change in cash
-1,799,969
889,278
462,520
1,033,319
773,537
635,135
1,223,890
-532,638
485,553
523,956
-29,193
-137,984
228,453
-208,042
376,147
red engineering design limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for red engineering design limited. Get real-time insights into red engineering design limited's credit score, group structure and payment trends.
Red Engineering Design Limited Competitor Analysis
Perform a competitor analysis for red engineering design limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other large companies, companies in WC1A area or any other competitors across 12 key performance metrics.
red engineering design limited Ownership
RED ENGINEERING DESIGN LIMITED group structure
Red Engineering Design Limited has 1 subsidiary company.
The sole shareholder of Red Engineering Design Limited is Red Group Holdings Limited.
red group holdings limited
100%
red engineering design limited directors
Red Engineering Design Limited currently has 3 directors.
The longest serving directors include
Miss Elizabeth Bentley (Jul 2022) and
Mrs Marion Abascal (Jun 2024).
71129 - Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)
incorporation date
November 2004
age
21
incorporated
UK
ultimate parent company
TRACTEBEL ENGINEERING SA
accounts
Full Accounts
last accounts submitted
December 2023
previous names
red consulting engineers limited (December 2004)
accountant
-
auditor
JAMES COWPER KRESTON AUDIT
address
100 new oxford street, london, WC1A 1HB
Bank
-
Legal Advisor
-
red engineering design 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 3 charges/mortgages relating to red engineering design limited. Currently there are 1 open charges and 2 have been satisfied in the past.
red engineering design 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.
Click to start generating capital raising & share issue transactions for RED ENGINEERING DESIGN LIMITED. This can take several minutes, an email will notify you when this has completed.
red engineering design limitedCompanies House Filings - See Documents
