Other information technology and computer service activities
Registered Address
warehouse w 3 western gateway, royal victoria docks, london, E16 1BD
Website
-
red cipher limitedEstimated Valuation
£35.3k
Pomanda estimates the enterprise value of RED CIPHER LIMITED at £35.3k based on a Turnover of £67.4k and 0.52x industry multiple (adjusted for size and gross margin).
red cipher limitedEstimated Valuation
£391.7k
Pomanda estimates the enterprise value of RED CIPHER LIMITED at £391.7k based on an EBITDA of £110k and a 3.56x industry multiple (adjusted for size and gross margin).
red cipher limitedEstimated Valuation
£3m
Pomanda estimates the enterprise value of RED CIPHER LIMITED at £3m based on Net Assets of £1.4m and 2.25x industry multiple (adjusted for liquidity).
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Red Cipher LimitedOverview
Red Cipher Limited is a live company located in london, E16 1BD with a Companies House number of 05739688. It operates in the other information technology service activities sector, SIC Code 62090. Founded in March 2006, it's largest shareholder is
richard john terence merrett
with a 100% stake. Red Cipher Limited is a established,
micro sized company, Pomanda has estimated its turnover at
£67.4k with
declining
growth in recent years.
Pomanda's financial health check has awarded Red Cipher Limited a 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 £367.7k, make it smaller than the average company (£7.5m)
£367.7k - Red Cipher Limited
£7.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a slower rate (9%)
7% - Red Cipher Limited
9% - Industry AVG
Production
with a gross margin of 24.7%, this company has a higher cost of product (48.7%)
24.7% - Red Cipher Limited
48.7% - Industry AVG
Profitability
an operating margin of 25.7% make it more profitable than the average company (4%)
25.7% - Red Cipher Limited
4% - Industry AVG
Employees
with 1 employees, this is below the industry average (43)
1 - Red Cipher Limited
43 - Industry AVG
Pay Structure
on an average salary of £72.6k, the company has an equivalent pay structure (£72.6k)
£72.6k - Red Cipher Limited
£72.6k - Industry AVG
Efficiency
resulting in sales per employee of £367.7k, this is more efficient (£176.8k)
£367.7k - Red Cipher Limited
£176.8k - Industry AVG
Debtor Days
it gets paid by customers after 136 days, this is later than average (51 days)
136 days - Red Cipher Limited
51 days - Industry AVG
Creditor Days
its suppliers are paid after 154 days, this is slower than average (35 days)
154 days - Red Cipher Limited
35 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Red Cipher Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 585 weeks, this is more cash available to meet short term requirements (14 weeks)
585 weeks - Red Cipher Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 8%, this is a lower level of debt than the average (62.8%)
8% - Red Cipher Limited
62.8% - Industry AVG
RED CIPHER LIMITED financials
EXPORT
Red Cipher Limited's latest turnover from August 2024 is estimated at £67.4 thousand and the company has net assets of £1.4 million. According to their latest financial statements, Red Cipher Limited has 1 employee and maintains cash reserves of £1.4 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Aug 2024
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Turnover
67,443
367,685
415,938
395,748
299,563
411,104
36,625
71,346
109,870
208,888
394,985
203,411
240,609
221,297
69,863
Other Income Or Grants
Cost Of Sales
50,296
276,719
309,715
295,307
227,309
314,137
27,508
52,225
78,972
147,432
276,406
139,869
164,807
153,305
47,709
Gross Profit
17,147
90,966
106,222
100,441
72,254
96,968
9,117
19,121
30,898
61,456
118,579
63,542
75,802
67,991
22,154
Admin Expenses
-92,806
-3,660
-37,754
-70,287
-326,129
281,563
-797,672
-126,656
76,154
197,139
123,804
-147,105
144,606
150,814
-176,311
-87,077
Operating Profit
109,953
94,626
143,976
170,728
398,383
-184,595
806,789
145,777
-45,256
-197,139
-62,348
265,684
-81,064
-75,012
244,302
109,231
Interest Payable
Interest Receivable
64,470
66,758
47,486
7,187
883
1,004
5,594
1,089
235
1,040
2,121
1,600
1,062
1,467
1,285
607
Pre-Tax Profit
174,423
161,384
191,462
177,915
399,267
-183,591
812,383
146,865
-45,021
-196,099
-60,227
267,284
-80,002
-73,545
245,588
109,838
Tax
-43,606
-40,346
-36,378
-33,804
-75,861
-154,353
-27,904
-61,475
-68,764
-30,754
Profit After Tax
130,817
121,038
155,084
144,111
323,406
-183,591
658,030
118,961
-45,021
-196,099
-60,227
205,809
-80,002
-73,545
176,823
79,083
Dividends Paid
Retained Profit
130,817
121,038
155,084
144,111
323,406
-183,591
658,030
118,961
-45,021
-196,099
-60,227
205,809
-80,002
-73,545
176,823
79,083
Employee Costs
73,904
72,576
69,427
66,059
62,630
59,474
60,105
57,290
55,234
53,490
103,845
50,099
50,223
48,488
48,226
Number Of Employees
1
1
1
1
1
1
1
1
1
1
2
1
1
1
1
EBITDA*
109,953
97,941
150,981
187,723
408,239
-175,174
819,517
165,690
-18,594
-164,884
-12,249
316,265
-29,905
-71,018
247,276
111,837
* Earnings Before Interest, Tax, Depreciation and Amortisation
Aug 2024
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Tangible Assets
3,315
7,005
14,010
9,855
9,422
12,728
19,915
26,662
32,255
50,099
50,581
51,158
11,981
8,924
7,819
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
3,315
7,005
14,010
9,855
9,422
12,728
19,915
26,662
32,255
50,099
50,581
51,158
11,981
8,924
7,819
Stock & work in progress
Trade Debtors
138,000
164,771
160,500
117,300
161,934
75
3,623
40,523
72,881
45,803
57,096
4
Group Debtors
Misc Debtors
4,629
42,331
Cash
1,355,411
1,319,776
1,223,393
1,011,224
905,281
861,120
1,146,520
345,151
90,380
97,725
318,124
530,442
109,551
315,371
271,391
242,706
misc current assets
total current assets
1,355,411
1,457,776
1,388,164
1,171,724
1,022,581
1,023,054
1,146,595
348,774
95,009
140,056
358,647
603,323
155,354
315,371
328,487
242,710
total assets
1,355,411
1,461,091
1,395,169
1,185,734
1,032,436
1,032,476
1,159,323
368,689
121,671
172,311
408,746
653,904
206,512
327,352
337,411
250,529
Bank overdraft
Bank loan
Trade Creditors
1,672
117,131
172,247
117,896
108,709
109,914
80,206
160,705
345,636
104,053
144,891
81,405
171,346
Group/Directors Accounts
316,854
63,327
132,893
34,544
93,869
other short term finances
hp & lease commitments
other current liabilities
115,301
312,084
26,500
total current liabilities
1,672
117,131
172,247
117,896
108,709
432,155
375,411
242,807
114,750
120,369
160,705
345,636
104,053
144,891
81,405
171,346
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
1,672
117,131
172,247
117,896
108,709
432,155
375,411
242,807
114,750
120,369
160,705
345,636
104,053
144,891
81,405
171,346
net assets
1,353,739
1,343,960
1,222,922
1,067,838
923,727
600,321
783,912
125,882
6,921
51,942
248,041
308,268
102,459
182,461
256,006
79,183
total shareholders funds
1,353,739
1,343,960
1,222,922
1,067,838
923,727
600,321
783,912
125,882
6,921
51,942
248,041
308,268
102,459
182,461
256,006
79,183
Aug 2024
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Operating Activities
Operating Profit
109,953
94,626
143,976
170,728
398,383
-184,595
806,789
145,777
-45,256
-197,139
-62,348
265,684
-81,064
-75,012
244,302
109,231
Depreciation
3,315
7,005
16,995
9,856
9,421
12,728
19,913
26,662
32,255
50,099
50,581
51,159
3,994
2,974
2,606
Amortisation
Tax
-43,606
-40,346
-36,378
-33,804
-75,861
-154,353
-27,904
-61,475
-68,764
-30,754
Stock
Debtors
-164,771
-26,771
4,271
43,200
-44,634
161,859
-3,548
-1,006
-37,702
1,808
-32,358
27,078
45,803
-57,096
57,092
4
Creditors
-170,575
-55,116
54,351
9,187
108,709
-109,914
29,708
80,206
-160,705
-184,931
241,583
-40,838
63,486
-89,941
171,346
Accruals and Deferred Income
-115,301
-196,783
312,084
-26,500
26,500
Deferred Taxes & Provisions
Cash flow from operations
60,543
29,250
164,683
119,906
370,420
-533,816
870,882
168,500
72,814
-300,897
-164,822
469,295
-116,546
49,564
31,479
252,425
Investing Activities
capital expenditure
7,005
375
-21,150
-10,289
-6,115
-5,541
-13,166
-21,069
-14,411
-49,617
-50,004
-90,336
-7,051
-4,079
-10,425
Change in Investments
cash flow from investments
7,005
375
-21,150
-10,289
-6,115
-5,541
-13,166
-21,069
-14,411
-49,617
-50,004
-90,336
-7,051
-4,079
-10,425
Financing Activities
Bank loans
Group/Directors Accounts
-316,854
253,527
-69,566
98,349
-59,325
93,869
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
100
interest
64,470
66,758
47,486
7,187
883
1,004
5,594
1,089
235
1,040
2,121
1,600
1,062
1,467
1,285
607
cash flow from financing
64,470
66,758
47,486
7,187
-315,971
254,531
-63,972
99,438
-59,090
94,909
2,121
1,600
1,062
1,467
1,285
707
cash and cash equivalents
cash
132,018
96,383
212,169
105,943
44,161
-285,400
801,369
254,771
-7,345
-220,399
-212,318
420,891
-205,820
43,980
28,685
242,706
overdraft
change in cash
132,018
96,383
212,169
105,943
44,161
-285,400
801,369
254,771
-7,345
-220,399
-212,318
420,891
-205,820
43,980
28,685
242,706
red cipher limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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red cipher limited Ownership
RED CIPHER LIMITED group structure
Red Cipher Limited has no subsidiary companies.
Ultimate parent company
RED CIPHER LIMITED
05739688
RED CIPHER LIMITED Shareholders
The sole shareholder of Red Cipher Limited is Richard John Terence Merrett.
richard john terence merrett
100%
red cipher limited directors
Red Cipher Limited currently has 1 director, Mr Richard Merrett serving since Mar 2006.
62090 - Other information technology and computer service activities
incorporation date
March 2006
age
19
incorporated
UK
ultimate parent company
None
accounts
Unaudited Abridged
last accounts submitted
August 2024
previous names
ifire solutions limited (March 2013)
accountant
JSA SERVICES
auditor
-
address
warehouse w 3 western gateway, royal victoria docks, london, E16 1BD
Bank
-
Legal Advisor
-
red cipher 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 did not find charges/mortgages relating to red cipher limited.
red cipher 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.
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red cipher limitedCompanies House Filings - See Documents
