redspot homecare (contracts) limited
redspot homecare (contracts) limited Company Information
Company Number
06928691
Next Accounts
2665 days late
Shareholders
stephen brian minchin
evans kureya
Group Structure
View All
Industry
Other human health activities
Registered Address
pearl assurance house 319, ballards lane, london, N12 8LY
Website
http://redspotgroup.co.ukredspot homecare (contracts) limited Estimated Valuation
Pomanda estimates the enterprise value of REDSPOT HOMECARE (CONTRACTS) LIMITED at £3.3m based on a Turnover of £5.9m and 0.56x industry multiple (adjusted for size and gross margin).
redspot homecare (contracts) limited Estimated Valuation
Pomanda estimates the enterprise value of REDSPOT HOMECARE (CONTRACTS) LIMITED at £657.7k based on an EBITDA of £151.7k and a 4.34x industry multiple (adjusted for size and gross margin).
redspot homecare (contracts) limited Estimated Valuation
Pomanda estimates the enterprise value of REDSPOT HOMECARE (CONTRACTS) LIMITED at £433.9k based on Net Assets of £184.7k and 2.35x industry multiple (adjusted for liquidity).
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Redspot Homecare (contracts) Limited Overview
Redspot Homecare (contracts) Limited is a live company located in london, N12 8LY with a Companies House number of 06928691. It operates in the other human health activities sector, SIC Code 86900. Founded in June 2009, it's largest shareholder is stephen brian minchin with a 50% stake. Redspot Homecare (contracts) Limited is a established, mid sized company, Pomanda has estimated its turnover at £5.9m with declining growth in recent years.
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Redspot Homecare (contracts) Limited Health Check
Pomanda's financial health check has awarded Redspot Homecare (Contracts) Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
6 Weak
Size
annual sales of £5.9m, make it larger than the average company (£578.5k)
- Redspot Homecare (contracts) Limited
£578.5k - Industry AVG
Growth
3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (4.5%)
- Redspot Homecare (contracts) Limited
4.5% - Industry AVG
Production
with a gross margin of 37.6%, this company has a comparable cost of product (37.6%)
- Redspot Homecare (contracts) Limited
37.6% - Industry AVG
Profitability
an operating margin of 2.5% make it less profitable than the average company (8.2%)
- Redspot Homecare (contracts) Limited
8.2% - Industry AVG
Employees
with 159 employees, this is above the industry average (22)
- Redspot Homecare (contracts) Limited
22 - Industry AVG
Pay Structure
on an average salary of £21.2k, the company has an equivalent pay structure (£21.2k)
- Redspot Homecare (contracts) Limited
£21.2k - Industry AVG
Efficiency
resulting in sales per employee of £37.3k, this is equally as efficient (£37.3k)
- Redspot Homecare (contracts) Limited
£37.3k - Industry AVG
Debtor Days
it gets paid by customers after 33 days, this is later than average (20 days)
- Redspot Homecare (contracts) Limited
20 days - Industry AVG
Creditor Days
its suppliers are paid after 3 days, this is quicker than average (21 days)
- Redspot Homecare (contracts) Limited
21 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Redspot Homecare (contracts) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (109 weeks)
1 weeks - Redspot Homecare (contracts) Limited
109 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 84.8%, this is a higher level of debt than the average (24.2%)
84.8% - Redspot Homecare (contracts) Limited
24.2% - Industry AVG
REDSPOT HOMECARE (CONTRACTS) LIMITED financials
Redspot Homecare (Contracts) Limited's latest turnover from March 2016 is estimated at £5.9 million and the company has net assets of £184.7 thousand. According to their latest financial statements, we estimate that Redspot Homecare (Contracts) Limited has 159 employees and maintains cash reserves of £35 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Jun 2010 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||
| Other Income Or Grants | ||||||||
| Cost Of Sales | ||||||||
| Gross Profit | ||||||||
| Admin Expenses | ||||||||
| Operating Profit | ||||||||
| Interest Payable | ||||||||
| Interest Receivable | ||||||||
| Pre-Tax Profit | ||||||||
| Tax | ||||||||
| Profit After Tax | ||||||||
| Dividends Paid | ||||||||
| Retained Profit | ||||||||
| Employee Costs | ||||||||
| Number Of Employees | ||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Jun 2010 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 14,139 | 7,176 | 7,176 | 4,406 | 11,769 | 19,223 | 9,672 | |
| Intangible Assets | 24,800 | 45,467 | 48,567 | 51,667 | 54,767 | 57,867 | 60,967 | |
| Investments & Other | ||||||||
| Debtors (Due After 1 year) | ||||||||
| Total Fixed Assets | 38,939 | 52,643 | 55,743 | 56,073 | 66,536 | 77,090 | 70,639 | |
| Stock & work in progress | ||||||||
| Trade Debtors | 539,347 | 411,421 | 519,709 | 407,813 | 418,736 | 670,555 | 133,144 | |
| Group Debtors | 4,559 | 153,880 | ||||||
| Misc Debtors | 597,754 | 279,582 | 383,624 | 299,872 | 169,563 | 171,395 | ||
| Cash | 35,003 | 1,531 | 1,506 | 2,111 | 339 | 14,729 | 85,676 | |
| misc current assets | ||||||||
| total current assets | 1,176,663 | 846,414 | 904,839 | 709,796 | 588,638 | 685,284 | 390,215 | |
| total assets | 1,215,602 | 899,057 | 960,582 | 765,869 | 655,174 | 762,374 | 460,854 | |
| Bank overdraft | 6,769 | 26,581 | ||||||
| Bank loan | ||||||||
| Trade Creditors | 32,184 | 95,080 | 744,930 | 562,359 | 485,238 | 533,897 | 453,527 | |
| Group/Directors Accounts | 29,629 | 29,629 | ||||||
| other short term finances | ||||||||
| hp & lease commitments | 3,107 | |||||||
| other current liabilities | 951,468 | 677,649 | ||||||
| total current liabilities | 1,023,157 | 828,939 | 744,930 | 562,359 | 485,238 | 533,897 | 453,527 | |
| loans | ||||||||
| hp & lease commitments | 5,433 | |||||||
| Accruals and Deferred Income | ||||||||
| other liabilities | 5,664 | |||||||
| provisions | 2,312 | 847 | 768 | 1,521 | 1,455 | 3,144 | ||
| total long term liabilities | 7,745 | 847 | 768 | 1,521 | 1,455 | 8,808 | ||
| total liabilities | 1,030,902 | 829,786 | 745,698 | 563,880 | 486,693 | 542,705 | 453,527 | |
| net assets | 184,700 | 69,271 | 214,884 | 201,989 | 168,481 | 219,669 | 7,327 | |
| total shareholders funds | 184,700 | 69,271 | 214,884 | 201,989 | 168,481 | 219,669 | 7,327 |
| Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Jun 2010 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 6,439 | 3,920 | 3,400 | 4,928 | 8,100 | 6,375 | 2,203 | |
| Amortisation | 3,100 | 3,100 | 3,100 | 3,100 | 3,100 | |||
| Tax | ||||||||
| Stock | ||||||||
| Debtors | 296,777 | -58,450 | 195,648 | 119,386 | -82,256 | 366,016 | 304,539 | |
| Creditors | -62,896 | -649,850 | 182,571 | 77,121 | -48,659 | 80,370 | 453,527 | |
| Accruals and Deferred Income | 273,819 | 677,649 | ||||||
| Deferred Taxes & Provisions | 1,465 | 79 | -753 | 66 | -1,689 | 3,144 | ||
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | ||||||||
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | ||||||||
| Group/Directors Accounts | 29,629 | |||||||
| Other Short Term Loans | ||||||||
| Long term loans | ||||||||
| Hire Purchase and Lease Commitments | 8,540 | |||||||
| other long term liabilities | -5,664 | 5,664 | ||||||
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | 33,472 | 25 | -605 | 1,772 | -14,390 | -70,947 | 85,676 | |
| overdraft | -19,812 | 26,581 | ||||||
| change in cash | 53,284 | -26,556 | -605 | 1,772 | -14,390 | -70,947 | 85,676 |
redspot homecare (contracts) limited Credit Report and Business Information
Redspot Homecare (contracts) Limited Competitor Analysis
Perform a competitor analysis for redspot homecare (contracts) limited by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other mid companies, companies in N12 area or any other competitors across 12 key performance metrics.
redspot homecare (contracts) limited Ownership
REDSPOT HOMECARE (CONTRACTS) LIMITED group structure
Redspot Homecare (Contracts) Limited has no subsidiary companies.
Ultimate parent company
REDSPOT HOMECARE (CONTRACTS) LIMITED
06928691
redspot homecare (contracts) limited directors
Redspot Homecare (Contracts) Limited currently has 2 directors. The longest serving directors include Mr Stephen Minchin (Jun 2009) and Mr Evans Kureya (Jun 2009).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stephen Minchin | United Kingdom | 63 years | Jun 2009 | - | Director |
| Mr Evans Kureya | United Kingdom | 54 years | Jun 2009 | - | Director |
P&L
March 2016turnover
5.9m
+17%
operating profit
145.3k
0%
gross margin
37.7%
-0.34%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2016net assets
184.7k
+1.67%
total assets
1.2m
+0.35%
cash
35k
+21.86%
net assets
Total assets minus all liabilities
redspot homecare (contracts) limited company details
company number
06928691
Type
Private limited with Share Capital
industry
86900 - Other human health activities
incorporation date
June 2009
age
16
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2016
previous names
N/A
accountant
-
auditor
-
address
pearl assurance house 319, ballards lane, london, N12 8LY
Bank
-
Legal Advisor
-
redspot homecare (contracts) 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 redspot homecare (contracts) limited.
redspot homecare (contracts) 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 REDSPOT HOMECARE (CONTRACTS) LIMITED. This can take several minutes, an email will notify you when this has completed.
redspot homecare (contracts) limited Companies House Filings - See Documents
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