Red Candy Limited

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red candy limited Company Information

Live

EstablishedMicroDeclining

Company Number

06892494

Website

www.redcandy.co.uk

Registered Address

st james house, 65 mere green road, sutton coldfield, west midlands, B75 5BY

Industry

Retail sale via mail order houses or via Internet

Telephone

01212247728

Next Accounts Due

January 2025

Group Structure

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Directors

Srikanth Musinipally1 Years

Shareholders

srikanth musinipally 100%

red candy limited Estimated Valuation

£106.9k

Pomanda estimates the enterprise value of RED CANDY LIMITED at £106.9k based on a Turnover of £355.5k and 0.3x industry multiple (adjusted for size and gross margin).

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Red Candy Limited is a live company located in sutton coldfield, B75 5BY with a Companies House number of 06892494. It operates in the retail sale via mail order houses or via internet sector, SIC Code 47910. Founded in April 2009, it's largest shareholder is srikanth musinipally with a 100% stake. Red Candy Limited is a established, micro sized company, Pomanda has estimated its turnover at £355.5k with declining growth in recent years.

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Pomanda's financial health check has awarded Red Candy Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

3 Strong

3 Regular

6 Weak

Size

annual sales of £355.5k, make it in line with the average company (£326.5k)

Growth

3 year (CAGR) sales growth of -19%, show it is growing at a slower rate (6.1%)

EXPORT

Red Candy Limited's latest turnover from April 2023 is estimated at £355.5 thousand and the company has net assets of -£34.2 thousand. According to their latest financial statements, Red Candy Limited has 6 employees and maintains cash reserves of £4.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	355,549	1,270,234	841,679	677,718	518,398	381,762	449,989	324,643	181,713	361,197	285,598	227,521	214,407	209,301
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	225,599	811,301	533,679	438,457	321,673	236,047	281,163	200,898	109,535	217,929	172,481	136,807	126,227	123,503
Gross Profit	129,950	458,933	308,000	239,260	196,726	145,715	168,827	123,745	72,177	143,268	113,117	90,715	88,180	85,798
Admin Expenses	557,575	612,832	-118,369	37,301	222,523	177,997	133,874	169,715	77,554	64,595	79,455	55,224	86,245	75,535
Operating Profit	-427,625	-153,899	426,369	201,959	-25,797	-32,282	34,953	-45,970	-5,377	78,673	33,662	35,491	1,935	10,263
Interest Payable	514	892	2,293	4,069	4,007	1,920	493	0	0	0	0	0	0	0
Interest Receivable	4,952	2,131	274	105	0	162	164	258	245	223	114	62	38	20
Pre-Tax Profit	-423,187	-152,660	424,349	197,994	-29,804	-34,040	34,625	-45,712	-5,132	78,896	33,775	35,553	1,973	10,283
Tax	0	0	-80,626	-37,619	0	0	-6,579	0	0	-16,568	-7,768	-8,533	-513	-2,879
Profit After Tax	-423,187	-152,660	343,723	160,375	-29,804	-34,040	28,046	-45,712	-5,132	62,328	26,007	27,020	1,460	7,404
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-423,187	-152,660	343,723	160,375	-29,804	-34,040	28,046	-45,712	-5,132	62,328	26,007	27,020	1,460	7,404
Employee Costs	159,832	604,058	162,878	105,105	83,342	59,436	84,666	55,411	27,500	54,396	51,221	51,039	52,335	54,801
Number Of Employees	6	22	6	4	3	2	3	2	1	2	2	2	2	2
EBITDA*	-415,554	-137,803	446,984	210,998	-17,249	-25,275	38,538	-40,267	-840	81,023	35,619	37,940	4,379	12,172

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	34,944	48,287	63,813	81,348	76,932	63,065	44,218	32,320	25,709	24,510	20,405	13,880	7,869	5,726
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	34,944	48,287	63,813	81,348	76,932	63,065	44,218	32,320	25,709	24,510	20,405	13,880	7,869	5,726
Stock & work in progress	65,268	306,136	358,941	169,201	130,979	130,000	114,000	85,555	90,199	125,000	87,000	67,110	57,276	41,751
Trade Debtors	7,061	9,237	11,971	0	0	0	0	3,328	3,828	7,725	7,725	7,725	7,725	10,091
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	8,948	38,618	138,568	0	0	0	0	500	0	0	0	0	0	0
Cash	4,213	228,804	339,510	209,074	0	0	64,782	66,599	36,748	61,313	28,002	17,526	7,203	7,996
misc current assets	0	0	0	0	11,115	13,770	0	5,864	0	0	0	0	0	0
total current assets	85,490	582,795	848,990	378,275	142,094	143,770	178,782	161,846	130,775	194,038	122,727	92,361	72,204	59,838
total assets	120,434	631,082	912,803	459,623	219,026	206,835	223,000	194,166	156,484	218,548	143,132	106,241	80,073	65,564
Bank overdraft	747	8,535	7,889	30,392	38,789	43,324	15,765	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	50,002	137,823	189,242	132,971	98,540	63,870	90,341	105,354	37,396	84,732	68,251	53,656	51,383	36,534
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	103,856	94,966	164,719	70,670	7,519	22,974	15,472	15,436	0	0	0	0	0	0
total current liabilities	154,605	241,324	361,850	234,033	144,848	130,168	121,578	120,790	37,396	84,732	68,251	53,656	51,383	36,534
loans	0	742	9,277	27,637	36,600	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	9,596	12,989	16,700	19,825	21,625
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	742	9,277	27,637	36,600	0	0	0	0	9,596	12,989	16,700	19,825	21,625
total liabilities	154,605	242,066	371,127	261,670	181,448	130,168	121,578	120,790	37,396	94,328	81,240	70,356	71,208	58,159
net assets	-34,171	389,016	541,676	197,953	37,578	76,667	101,422	73,376	119,088	124,220	61,892	35,885	8,865	7,405
total shareholders funds	-34,171	389,016	541,676	197,953	37,578	67,382	101,422	73,376	119,088	124,220	61,892	35,885	8,865	7,405

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	-427,625	-153,899	426,369	201,959	-25,797	-32,282	34,953	-45,970	-5,377	78,673	33,662	35,491	1,935	10,263
Depreciation	12,071	16,096	20,615	9,039	8,548	7,007	3,585	5,703	4,537	2,350	1,957	2,449	2,444	1,909
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-80,626	-37,619	0	0	-6,579	0	0	-16,568	-7,768	-8,533	-513	-2,879
Stock	-240,868	-52,805	189,740	38,222	979	16,000	28,445	-4,644	-34,801	38,000	19,890	9,834	15,525	41,751
Debtors	-31,846	-102,684	150,539	0	0	0	-3,828	0	-3,897	0	0	0	-2,366	10,091
Creditors	-87,821	-51,419	56,271	34,431	34,670	-26,471	-15,013	67,958	-47,336	16,481	14,595	2,273	14,849	36,534
Accruals and Deferred Income	8,890	-69,753	94,049	63,151	-15,455	7,502	36	15,436	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	-221,771	-103,486	176,399	232,739	987	-60,244	-7,635	47,771	-9,478	42,936	22,556	21,846	5,556	-6,015
Investing Activities
capital expenditure	1,272	-570	-3,080	-13,455	-22,415	-25,854	-15,483	-12,314	-5,736	-6,455	-8,482	-8,460	-4,587	-7,635
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	1,272	-570	-3,080	-13,455	-22,415	-25,854	-15,483	-12,314	-5,736	-6,455	-8,482	-8,460	-4,587	-7,635
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	-742	-8,535	-18,360	-8,963	36,600	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	-9,596	-3,393	-3,711	-3,125	-1,800	21,625
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	1
interest	4,438	1,239	-2,019	-3,964	-4,007	-1,758	-329	258	245	223	114	62	38	20
cash flow from financing	3,696	-7,296	-20,379	-12,927	32,593	-1,758	-329	258	-9,351	-3,170	-3,597	-3,063	-1,762	21,646
cash and cash equivalents
cash	-224,591	-110,706	130,436	209,074	0	-64,782	-1,817	29,851	-24,565	33,311	10,476	10,323	-793	7,996
overdraft	-7,788	646	-22,503	-8,397	-4,535	27,559	15,765	0	0	0	0	0	0	0
change in cash	-216,803	-111,352	152,939	217,471	4,535	-92,341	-17,582	29,851	-24,565	33,311	10,476	10,323	-793	7,996

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for red candy limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in B75 area or any other competitors across 12 key performance metrics.

RED CANDY LIMITED group structure

Red Candy Limited has no subsidiary companies.

Ultimate parent company

RED CANDY LIMITED

06892494

RED CANDY LIMITED Shareholders

srikanth musinipally

100%

Red Candy Limited currently has 1 director, Mr Srikanth Musinipally serving since Jan 2023.

officer	country	age	start	end	role
Mr Srikanth Musinipally	England	39 years	Jan 2023	-	Director

P&L

April 2023

turnover

355.5k

-72%

operating profit

-427.6k

gross margin

36.6%

+1.16%

turnover

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

Balance Sheet

April 2023

net assets

-34.2k

-1.09%

total assets

120.4k

-0.81%

cash

4.2k

-0.98%

net assets

Total assets minus all liabilities

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company number

06892494

Type

Private limited with Share Capital

industry

47910 - Retail sale via mail order houses or via Internet

incorporation date

April 2009

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

April 2023

address

st james house, 65 mere green road, sutton coldfield, west midlands, B75 5BY

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 candy limited.

red candy limited Company Information

red candy limited Estimated Valuation

red candy limited Estimated Valuation

red candy limited Estimated Valuation

Red Candy Limited Overview

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RED CANDY LIMITED financials

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red candy limited Ownership

red candy limited directors

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