Redish Motorsport Limited

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redish motorsport limited Company Information

Live

EstablishedSmallHealthy

Company Number

06932225

Website

www.redish-motorsport.com

Registered Address

unit 3 lynwood court, bakers park, bishopsworth, bristol, BS13 7TT

Industry

Maintenance and repair of motor vehicles

Telephone

01179781889

Next Accounts Due

March 2025

Group Structure

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Directors

James Redish15 Years

Shareholders

james redish 100%

redish motorsport limited Estimated Valuation

£206.5k

Pomanda estimates the enterprise value of REDISH MOTORSPORT LIMITED at £206.5k based on Net Assets of £70.2k and 2.94x industry multiple (adjusted for liquidity).

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Redish Motorsport Limited is a live company located in bishopsworth, BS13 7TT with a Companies House number of 06932225. It operates in the maintenance and repair of motor vehicles sector, SIC Code 45200. Founded in June 2009, it's largest shareholder is james redish with a 100% stake. Redish Motorsport Limited is a established, small sized company, Pomanda has estimated its turnover at £678.2k with healthy growth in recent years.

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Pomanda's financial health check has awarded Redish Motorsport Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

3 Regular

3 Weak

Size

annual sales of £678.2k, make it larger than the average company (£363.2k)

Growth

3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (6.8%)

EXPORT

Redish Motorsport Limited's latest turnover from June 2023 is estimated at £678.2 thousand and the company has net assets of £70.2 thousand. According to their latest financial statements, Redish Motorsport Limited has 6 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	678,168	612,744	477,881	469,379	312,754	367,889	284,597	118,060	98,648	118,570	50,367	43,921	39,634	39,190
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	515,939	475,352	373,681	353,634	233,657	266,763	205,095	85,077	72,417	86,432	35,980	31,231	27,604	27,042
Gross Profit	162,228	137,392	104,200	115,746	79,097	101,126	79,502	32,983	26,231	32,137	14,387	12,690	12,030	12,148
Admin Expenses	162,843	57,035	102,994	117,634	79,582	100,203	73,561	32,990	25,058	30,512	-7,280	6,352	19,410	27,229
Operating Profit	-615	80,357	1,206	-1,888	-485	923	5,941	-7	1,173	1,625	21,667	6,338	-7,380	-15,081
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	29	110	73	54	41	14	7	2
Pre-Tax Profit	-615	80,357	1,206	-1,888	-485	923	5,970	103	1,246	1,678	21,708	6,353	-7,373	-15,079
Tax	0	-15,268	-229	0	0	-175	-1,134	-20	-249	-352	-4,993	-1,525	0	0
Profit After Tax	-615	65,089	977	-1,888	-485	748	4,836	82	997	1,326	16,715	4,828	-7,373	-15,079
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-615	65,089	977	-1,888	-485	748	4,836	82	997	1,326	16,715	4,828	-7,373	-15,079
Employee Costs	139,746	173,096	171,619	132,975	142,419	83,495	80,971	26,655	26,616	26,384	26,335	24,911	24,033	23,958
Number Of Employees	6	7	7	5	5	3	3	1	1	1	1	1	1	1
EBITDA*	-615	80,357	1,206	-1,888	-485	923	5,941	1,863	3,156	3,633	22,774	7,569	-6,640	-14,150

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	26,557	25,939	24,899	13,593	4,644	5,151	5,702	6,024	6,390	6,536	3,571	3,791	2,253	2,843
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	26,557	25,939	24,899	13,593	4,644	5,151	5,702	6,024	6,390	6,536	3,571	3,791	2,253	2,843
Stock & work in progress	0	0	0	0	0	0	0	37,526	26,450	24,200	12,692	6,396	1,481	6,863
Trade Debtors	204,085	188,747	127,829	128,031	66,384	79,945	59,911	2,228	4,941	12,335	1,453	948	1,675	972
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	1,481	0	0	1,045	1,525	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	23,371	20,542	8,716	12,688	3,620	2,117	704
misc current assets	0	0	0	0	0	1,243	1,962	0	0	0	0	0	0	0
total current assets	205,566	188,747	127,829	129,076	67,909	81,188	61,873	63,125	51,933	45,251	26,833	10,964	5,273	8,539
total assets	232,123	214,686	152,728	142,669	72,553	86,339	67,575	69,149	58,323	51,787	30,404	14,755	7,526	11,382
Bank overdraft	0	0	0	0	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	129,465	105,857	100,879	78,702	65,958	79,259	61,243	67,652	56,908	51,369	31,312	32,378	29,977	26,460
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	129,465	105,857	100,879	78,702	65,958	79,259	61,243	67,652	56,908	51,369	31,312	32,378	29,977	26,460
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	32,500	38,056	46,165	59,260	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	32,500	38,056	46,165	59,260	0	0	0	0	0	0	0	0	0	0
total liabilities	161,965	143,913	147,044	137,962	65,958	79,259	61,243	67,652	56,908	51,369	31,312	32,378	29,977	26,460
net assets	70,158	70,773	5,684	4,707	6,595	7,080	6,332	1,497	1,415	418	-908	-17,623	-22,451	-15,078
total shareholders funds	70,158	70,773	5,684	4,707	6,595	7,080	6,332	1,497	1,415	418	-908	-17,623	-22,451	-15,078

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	-615	80,357	1,206	-1,888	-485	923	5,941	-7	1,173	1,625	21,667	6,338	-7,380	-15,081
Depreciation	0	0	0	0	0	0	0	1,870	1,983	2,008	1,107	1,231	740	931
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-15,268	-229	0	0	-175	-1,134	-20	-249	-352	-4,993	-1,525	0	0
Stock	0	0	0	0	0	0	-37,526	11,076	2,250	11,508	6,296	4,915	-5,382	6,863
Debtors	16,819	60,918	-1,247	61,167	-12,036	20,034	57,683	-2,713	-7,394	10,882	505	-727	703	972
Creditors	23,608	4,978	22,177	12,744	-13,301	18,016	-6,409	10,744	5,539	20,057	-1,066	2,401	3,517	26,460
Accruals and Deferred Income	0	0	0	0	0	0	0	0	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	6,174	9,149	24,401	-50,311	-1,750	-1,270	-21,759	4,224	13,590	948	9,914	4,257	1,556	4,475
Investing Activities
capital expenditure	-618	-1,040	-11,306	-8,949	507	551	322	-1,504	-1,837	-4,973	-887	-2,769	-150	-3,774
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-618	-1,040	-11,306	-8,949	507	551	322	-1,504	-1,837	-4,973	-887	-2,769	-150	-3,774
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	0	0	0	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	-5,556	-8,109	-13,095	59,260	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	-1	0	0	0	0	0	0	1
interest	0	0	0	0	0	0	29	110	73	54	41	14	7	2
cash flow from financing	-5,556	-8,109	-13,095	59,260	0	0	28	110	73	54	41	14	7	3
cash and cash equivalents
cash	0	0	0	0	0	0	-23,371	2,829	11,826	-3,972	9,068	1,503	1,413	704
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-23,371	2,829	11,826	-3,972	9,068	1,503	1,413	704

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 redish motorsport limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in BS13 area or any other competitors across 12 key performance metrics.

REDISH MOTORSPORT LIMITED group structure

Redish Motorsport Limited has no subsidiary companies.

Ultimate parent company

REDISH MOTORSPORT LIMITED

06932225

REDISH MOTORSPORT LIMITED Shareholders

james redish

100%

Redish Motorsport Limited currently has 1 director, Mr James Redish serving since Jun 2009.

officer	country	age	start	end	role
Mr James Redish	United Kingdom	40 years	Jun 2009	-	Director

P&L

June 2023

turnover

678.2k

+11%

operating profit

-615

gross margin

24%

+6.69%

turnover

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

Balance Sheet

June 2023

net assets

70.2k

-0.01%

total assets

232.1k

+0.08%

cash

net assets

Total assets minus all liabilities

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company number

06932225

Type

Private limited with Share Capital

industry

45200 - Maintenance and repair of motor vehicles

incorporation date

June 2009

ultimate parent company

None

previous names

N/A

address

unit 3 lynwood court, bakers park, bishopsworth, bristol, BS13 7TT

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.

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redish motorsport limited Company Information

redish motorsport limited Estimated Valuation

redish motorsport limited Estimated Valuation

redish motorsport limited Estimated Valuation

Redish Motorsport Limited Overview

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REDISH MOTORSPORT LIMITED financials

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