red fish systems limited

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red fish systems limited Company Information

Share RED FISH SYSTEMS LIMITED

Company Number

07430585

Shareholders

net zero planet group limited

Group Structure

View All

Industry

Business and domestic software development

 

Registered Address

granville hall granville road, leicester, LE1 7RU

red fish systems limited Estimated Valuation

£531.6k

Pomanda estimates the enterprise value of RED FISH SYSTEMS LIMITED at £531.6k based on a Turnover of £621.9k and 0.85x industry multiple (adjusted for size and gross margin).

red fish systems limited Estimated Valuation

£0

Pomanda estimates the enterprise value of RED FISH SYSTEMS LIMITED at £0 based on an EBITDA of £-93.2k and a 5.22x industry multiple (adjusted for size and gross margin).

red fish systems limited Estimated Valuation

£2m

Pomanda estimates the enterprise value of RED FISH SYSTEMS LIMITED at £2m based on Net Assets of £842.3k and 2.38x industry multiple (adjusted for liquidity).

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Red Fish Systems Limited Overview

Red Fish Systems Limited is a live company located in leicester, LE1 7RU with a Companies House number of 07430585. It operates in the business and domestic software development sector, SIC Code 62012. Founded in November 2010, it's largest shareholder is net zero planet group limited with a 100% stake. Red Fish Systems Limited is a established, small sized company, Pomanda has estimated its turnover at £621.9k with declining growth in recent years.

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Red Fish Systems Limited Health Check

Pomanda's financial health check has awarded Red Fish Systems Limited a 3.5 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 Check Image
Health Rating3.5out of 5
positive_score

3 Strong

positive_score

2 Regular

positive_score

6 Weak

size

Size

annual sales of £621.9k, make it smaller than the average company (£3.7m)

£621.9k - Red Fish Systems Limited

£3.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -31%, show it is growing at a slower rate (10.5%)

-31% - Red Fish Systems Limited

10.5% - Industry AVG

production

Production

with a gross margin of 72.1%, this company has a comparable cost of product (72.1%)

72.1% - Red Fish Systems Limited

72.1% - Industry AVG

profitability

Profitability

an operating margin of -15.6% make it less profitable than the average company (3.9%)

-15.6% - Red Fish Systems Limited

3.9% - Industry AVG

employees

Employees

with 13 employees, this is below the industry average (33)

13 - Red Fish Systems Limited

33 - Industry AVG

paystructure

Pay Structure

on an average salary of £67.9k, the company has an equivalent pay structure (£67.9k)

£67.9k - Red Fish Systems Limited

£67.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £47.8k, this is less efficient (£118.5k)

£47.8k - Red Fish Systems Limited

£118.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 2 days, this is earlier than average (58 days)

2 days - Red Fish Systems Limited

58 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 8 days, this is quicker than average (39 days)

8 days - Red Fish Systems Limited

39 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Red Fish Systems Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 179 weeks, this is more cash available to meet short term requirements (18 weeks)

179 weeks - Red Fish Systems Limited

18 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 14.2%, this is a lower level of debt than the average (59%)

14.2% - Red Fish Systems Limited

59% - Industry AVG

RED FISH SYSTEMS LIMITED financials

EXPORTms excel logo

Red Fish Systems Limited's latest turnover from March 2024 is estimated at £621.9 thousand and the company has net assets of £842.3 thousand. According to their latest financial statements, Red Fish Systems Limited has 13 employees and maintains cash reserves of £479.8 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012
Turnover621,913627,8621,453,6001,882,4271,810,5461,488,6671,017,2101,093,252729,966714,299371,922266,36716,560
Other Income Or Grants
Cost Of Sales173,709177,402392,323519,598470,047379,480269,62083,595117,606171,11890,93862,3033,793
Gross Profit448,203450,4601,061,2771,362,8291,340,5001,109,187747,5901,009,657612,360543,181280,984204,06512,767
Admin Expenses545,036572,014707,1311,403,9701,172,568835,312597,004678,255631,147442,651294,634182,58415,814
Operating Profit-96,833-121,554354,146-41,141167,932273,875150,586331,402-18,787100,530-13,65021,481-3,047
Interest Payable7,638
Interest Receivable24,38325,3414,9454934823,2381,477359915464
Pre-Tax Profit-72,450-96,213359,091-40,648168,415277,114152,063331,402-26,425100,565-13,55121,634-2,983
Tax-68,227-31,999-52,652-28,89282,229-21,119-5,192
Profit After Tax-72,450-96,213290,864-40,648136,416224,462123,171331,40255,80479,446-13,55116,442-2,983
Dividends Paid10,000
Retained Profit-72,450-96,213290,864-40,648136,416224,462123,171321,40255,80479,446-13,55116,442-2,983
Employee Costs882,960918,7271,835,5321,978,6551,658,2951,388,137881,739512,664593,450374,912216,034156,68252,135
Number Of Employees131430352923159117431
EBITDA*-93,177-108,589368,289-19,567194,115298,095159,080417,46231,092141,79827,61828,292529

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012
Tangible Assets3,65616,62175,08896,66220,05029,45619,18617,81519,7084,667901
Intangible Assets10,32676,875118,125157,500115,625121,875
Investments & Other1111127,845750
Debtors (Due After 1 year)
Total Fixed Assets13,65716,62275,089224,50730,37629,456186,061135,940177,958120,292122,776
Stock & work in progress
Trade Debtors3,4327,06372,137174,859225,548184,768134,57962,11739,251135,05363,47546,7101,065
Group Debtors
Misc Debtors498,055535,615516,88088,30349,16714,56816,69684,729
Cash479,751449,134743,394575,267411,590553,051310,456280,23110,3163,70735,72725,689
misc current assets
total current assets981,238991,8121,332,411838,429686,305752,387461,731342,348123,980145,36967,18282,43726,754
total assets981,239995,4691,349,033913,518910,812782,763491,187342,349210,041281,309245,140202,729149,530
Bank overdraft2,695
Bank loan
Trade Creditors 3,9932,2932,2813,0435,4758,1298751,0625,13851,85595,13239,17052,413
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities134,98478,464334,307190,41498,130146,93285,47364,62766,950
total current liabilities138,97780,757336,588193,457103,605155,06186,34865,68974,78351,85595,13239,17052,413
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities40,458150,000150,000150,000100,000
provisions1,5206,0403,4095,008
total long term liabilities1,52046,4983,4095,008150,000150,000150,000100,000
total liabilities138,97780,757338,108193,457150,103158,47091,35665,68974,783201,855245,132189,170152,413
net assets842,262914,7121,010,925720,061760,709624,293399,831276,660135,25879,454813,559-2,883
total shareholders funds842,262914,7121,010,925720,061760,709624,293399,831276,660135,25879,454813,559-2,883
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012
Operating Activities
Operating Profit-96,833-121,554354,146-41,141167,932273,875150,586331,402-18,787100,530-13,65021,481-3,047
Depreciation3,65612,96514,14321,57415,85713,8948,4949,1858,6291,8931,893561451
Amortisation10,32610,32676,87541,25039,37539,3756,2503,125
Tax-68,227-31,999-52,652-28,89282,229-21,119-5,192
Stock
Debtors-41,191-46,339325,855-11,55375,37948,06189,158-61,863-11,07371,57816,76545,6451,065
Creditors1,70012-762-2,432-2,6547,254-187-4,076-46,717-43,27755,962-13,24352,413
Accruals and Deferred Income56,520-255,843143,89392,284-48,80261,45920,846-2,32366,950
Deferred Taxes & Provisions-1,5201,520-6,0402,631-1,5995,008
Cash flow from operations6,234-319,601118,85875,79837,912264,49666,697472,926144,6275,82466,815-35,78851,877
Investing Activities
capital expenditure44,324-92,469-25,140-37,949-98,184-4,327-126,352
Change in Investments-127,844127,845-750750
cash flow from investments44,324127,844-220,314-25,140-37,949750-98,934-4,327-126,352
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities-40,45840,458-150,00050,000100,000
share issue-180,000100
interest24,38325,3414,9454934823,2381,477-7,638359915464
cash flow from financing24,38325,3414,945-39,96540,9403,2381,477-180,000-157,638359950,154100,164
cash and cash equivalents
cash30,617-294,260168,127163,677-141,461242,59530,225280,231-10,3166,609-32,02010,03825,689
overdraft-2,6952,695
change in cash30,617-294,260168,127163,677-141,461242,59530,225282,926-13,0116,609-32,02010,03825,689

red fish systems 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 Fish Systems Limited Competitor Analysis

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Perform a competitor analysis for red fish systems limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in LE1 area or any other competitors across 12 key performance metrics.

red fish systems limited Ownership

RED FISH SYSTEMS LIMITED group structure

Red Fish Systems Limited has no subsidiary companies.

Ultimate parent company

RED FISH SYSTEMS LIMITED

07430585

RED FISH SYSTEMS LIMITED Shareholders

net zero planet group limited 100%

red fish systems limited directors

Red Fish Systems Limited currently has 2 directors. The longest serving directors include Mr Kenneth Bastian (Sep 2024) and Mr Alec Bastian Jeronimo (Oct 2024).

officercountryagestartendrole
Mr Kenneth BastianEngland61 years Sep 2024- Director
Mr Alec Bastian JeronimoEngland25 years Oct 2024- Director

P&L

March 2024

turnover

621.9k

-1%

operating profit

-96.8k

0%

gross margin

72.1%

+0.45%

turnover

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

Balance Sheet

March 2024

net assets

842.3k

-0.08%

total assets

981.2k

-0.01%

cash

479.8k

+0.07%

net assets

Total assets minus all liabilities

red fish systems limited company details

company number

07430585

Type

Private limited with Share Capital

industry

62012 - Business and domestic software development

incorporation date

November 2010

age

15

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

March 2024

previous names

N/A

accountant

-

auditor

-

address

granville hall granville road, leicester, LE1 7RU

Bank

-

Legal Advisor

-

red fish systems 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 fish systems limited.

red fish systems 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 fish systems limited Companies House Filings - See Documents

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