Redlane Limited

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redlane limited Company Information

Live

EstablishedSmallDeclining

Company Number

06696053

Website

redlaneltd.com

Registered Address

97 leigh road, eastleigh, SO50 9DR

Industry

Construction of domestic buildings

Telephone

01225765309

Next Accounts Due

April 2025

Group Structure

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Directors

Keith Collier15 Years

Patrick Mayock15 Years

Shareholders

keith collier 50%

patrick mayock 50%

redlane limited Estimated Valuation

£1.5m

Pomanda estimates the enterprise value of REDLANE LIMITED at £1.5m based on Net Assets of £1.2m and 1.26x industry multiple (adjusted for liquidity).

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Redlane Limited is a live company located in eastleigh, SO50 9DR with a Companies House number of 06696053. It operates in the construction of domestic buildings sector, SIC Code 41202. Founded in September 2008, it's largest shareholder is keith collier with a 50% stake. Redlane Limited is a established, small sized company, Pomanda has estimated its turnover at £2.6m with declining growth in recent years.

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Pomanda's financial health check has awarded Redlane Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

3 Regular

5 Weak

Size

annual sales of £2.6m, make it larger than the average company (£401.7k)

Growth

3 year (CAGR) sales growth of -17%, show it is growing at a slower rate (8.4%)

EXPORT

Redlane Limited's latest turnover from July 2023 is estimated at £2.6 million and the company has net assets of £1.2 million. According to their latest financial statements, Redlane Limited has 2 employees and maintains cash reserves of £1.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2023	Jul 2022	Jul 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Turnover	2,639,709	2,990,221	3,182,366	4,594,538	2,349,762	1,908,477	1,901,292	2,068,959	2,155,213	6,373,508	4,027,172	3,327,231	4,320,610	2,245,621
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,058,748	2,369,416	2,576,830	3,647,255	1,834,817	1,470,383	1,455,916	1,608,062	1,682,075	5,018,716	3,179,895	2,633,233	3,406,638	1,772,382
Gross Profit	580,961	620,804	605,536	947,283	514,945	438,094	445,376	460,898	473,138	1,354,791	847,277	693,999	913,973	473,240
Admin Expenses	606,928	636,389	603,812	813,920	335,380	274,643	249,161	286,373	359,210	1,218,090	671,905	544,466	803,649	336,226
Operating Profit	-25,967	-15,585	1,724	133,363	179,565	163,451	196,215	174,525	113,928	136,701	175,372	149,533	110,324	137,014
Interest Payable	3,685	30,777	39,988	16,875	0	0	0	0	0	0	0	0	0	0
Interest Receivable	1,173	460	60	2,971	2,871	1,176	639	785	808	525	395	348	241	54
Pre-Tax Profit	-28,479	-45,902	-38,203	119,459	182,436	164,627	196,854	175,310	114,737	137,226	175,767	149,881	110,565	137,068
Tax	0	0	0	-22,697	-34,663	-31,279	-39,371	-35,062	-24,095	-31,562	-42,184	-38,969	-30,958	-38,379
Profit After Tax	-28,479	-45,902	-38,203	96,762	147,773	133,348	157,483	140,248	90,642	105,664	133,583	110,912	79,607	98,689
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-28,479	-45,902	-38,203	96,762	147,773	133,348	157,483	140,248	90,642	105,664	133,583	110,912	79,607	98,689
Employee Costs	88,193	83,175	114,139	119,288	129,238	118,779	117,074	204,910	192,869	638,773	448,680	424,157	477,562	245,430
Number Of Employees	2	2	3	3	3	3	3	5	5	17	12	12	14	7
EBITDA*	-25,781	-15,336	2,320	139,302	187,482	173,066	200,274	179,936	113,928	136,701	175,372	149,533	110,324	137,014

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2023	Jul 2022	Jul 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Tangible Assets	559	745	994	17,815	23,754	28,845	12,175	16,234	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	559	745	994	17,815	23,754	28,845	12,175	16,234	0	0	0	0	0	0
Stock & work in progress	3,859,498	3,799,942	3,664,856	4,923,543	1,939,874	1,645,899	985,331	1,095,742	833,520	1,816,104	1,104,505	932,499	719,505	420,356
Trade Debtors	0	0	0	0	0	0	0	0	18,087	3,417	5,138	12,133	0	50,156
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	47,573	51,341	81,120	37,848	24,016	26,202	18,047	17,057	0	0	0	0	0	0
Cash	1,369	45,552	28,069	92,821	699,413	66,136	404,183	106,776	207,077	116,235	93,604	64,414	74,758	21,672
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,908,440	3,896,835	3,774,045	5,054,212	2,663,303	1,738,237	1,407,561	1,219,575	1,058,684	1,935,756	1,203,247	1,009,046	794,263	492,184
total assets	3,908,999	3,897,580	3,775,039	5,072,027	2,687,057	1,767,082	1,419,736	1,235,809	1,058,684	1,935,756	1,203,247	1,009,046	794,263	492,184
Bank overdraft	9,850	9,850	769,404	500,000	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	369,079	379,668	428,723	713,473	361,921	266,921	277,767	271,718	439,497	1,407,211	780,366	719,748	615,877	393,405
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	2,328,664	2,269,259	1,278,648	2,563,753	1,127,097	449,895	225,051	204,656	0	0	0	0	0	0
total current liabilities	2,707,593	2,658,777	2,476,775	3,777,226	1,489,018	716,816	502,818	476,374	439,497	1,407,211	780,366	719,748	615,877	393,405
loans	19,189	28,107	41,666	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
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	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	19,189	28,107	41,666	0	0	0	0	0	0	0	0	0	0	0
total liabilities	2,726,782	2,686,884	2,518,441	3,777,226	1,489,018	716,816	502,818	476,374	439,497	1,407,211	780,366	719,748	615,877	393,405
net assets	1,182,217	1,210,696	1,256,598	1,294,801	1,198,039	1,050,266	916,918	759,435	619,187	528,545	422,881	289,298	178,386	98,779
total shareholders funds	1,182,217	1,210,696	1,256,598	1,294,801	1,198,039	1,050,266	916,918	759,435	619,187	528,545	422,881	289,298	178,386	98,779

	Jul 2023	Jul 2022	Jul 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Operating Activities
Operating Profit	-25,967	-15,585	1,724	133,363	179,565	163,451	196,215	174,525	113,928	136,701	175,372	149,533	110,324	137,014
Depreciation	186	249	596	5,939	7,917	9,615	4,059	5,411	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	-22,697	-34,663	-31,279	-39,371	-35,062	-24,095	-31,562	-42,184	-38,969	-30,958	-38,379
Stock	59,556	135,086	-1,258,687	2,983,669	293,975	660,568	-110,411	262,222	-982,584	711,599	172,006	212,994	299,149	420,356
Debtors	-3,768	-29,779	43,272	13,832	-2,186	8,155	990	-1,030	14,670	-1,721	-6,995	12,133	-50,156	50,156
Creditors	-10,589	-49,055	-284,750	351,552	95,000	-10,846	6,049	-167,779	-967,714	626,845	60,618	103,871	222,472	393,405
Accruals and Deferred Income	59,405	990,611	-1,285,105	1,436,656	677,202	224,844	20,395	204,656	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	-32,753	820,913	-352,120	-1,092,688	633,232	-312,938	296,768	-79,441	90,033	22,106	28,795	-10,692	52,845	21,528
Investing Activities
capital expenditure	0	0	16,225	0	-2,826	-26,285	0	-21,645	0	0	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	16,225	0	-2,826	-26,285	0	-21,645	0	0	0	0	0	0
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	-8,918	-13,559	41,666	0	0	0	0	0	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	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	90
interest	-2,512	-30,317	-39,928	-13,904	2,871	1,176	639	785	808	525	395	348	241	54
cash flow from financing	-11,430	-43,876	1,738	-13,904	2,871	1,176	639	785	808	525	395	348	241	144
cash and cash equivalents
cash	-44,183	17,483	-64,752	-606,592	633,277	-338,047	297,407	-100,301	90,842	22,631	29,190	-10,344	53,086	21,672
overdraft	0	-759,554	269,404	500,000	0	0	0	0	0	0	0	0	0	0
change in cash	-44,183	777,037	-334,156	-1,106,592	633,277	-338,047	297,407	-100,301	90,842	22,631	29,190	-10,344	53,086	21,672

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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REDLANE LIMITED group structure

Redlane Limited has no subsidiary companies.

Ultimate parent company

REDLANE LIMITED

06696053

REDLANE LIMITED Shareholders

keith collier	50%
patrick mayock	50%

Redlane Limited currently has 2 directors. The longest serving directors include Mr Keith Collier (Sep 2008) and Mr Patrick Mayock (Sep 2008).

officer	country	age	start	end	role
Mr Keith Collier	United Kingdom	57 years	Sep 2008	-	Director
Mr Patrick Mayock		67 years	Sep 2008	-	Director

P&L

July 2023

turnover

2.6m

-12%

operating profit

-26k

gross margin

22.1%

+6.01%

turnover

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

Balance Sheet

July 2023

net assets

1.2m

-0.02%

total assets

3.9m

cash

1.4k

-0.97%

net assets

Total assets minus all liabilities

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company number

06696053

Type

Private limited with Share Capital

industry

41202 - Construction of domestic buildings

incorporation date

September 2008

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

97 leigh road, eastleigh, SO50 9DR

last accounts submitted

July 2023

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 7 charges/mortgages relating to redlane limited. Currently there are 7 open charges and 0 have been satisfied in the past.

redlane limited Company Information

redlane limited Estimated Valuation

redlane limited Estimated Valuation

redlane limited Estimated Valuation

Redlane Limited Overview

Redlane Limited Health Check

REDLANE LIMITED financials

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redlane limited Ownership

redlane limited directors

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