red midco limited
red midco limited Company Information
Company Number
07551890
Next Accounts
51 days late
Shareholders
red global limited
Group Structure
View All
Industry
Activities of head offices
Registered Address
5th floor 33 gracechurch street, london, EC3V 0BT
Website
redsapsolutions.comred midco limited Estimated Valuation
Pomanda estimates the enterprise value of RED MIDCO LIMITED at £0 based on a Turnover of £0 and 0.5x industry multiple (adjusted for size and gross margin).
red midco limited Estimated Valuation
Pomanda estimates the enterprise value of RED MIDCO LIMITED at £0 based on an EBITDA of £-3k and a 3.81x industry multiple (adjusted for size and gross margin).
red midco limited Estimated Valuation
Pomanda estimates the enterprise value of RED MIDCO LIMITED at £93m based on Net Assets of £43.4m and 2.14x industry multiple (adjusted for liquidity).
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Red Midco Limited Overview
Red Midco Limited is a live company located in london, EC3V 0BT with a Companies House number of 07551890. It operates in the activities of head offices sector, SIC Code 70100. Founded in March 2011, it's largest shareholder is red global limited with a 100% stake. Red Midco Limited is a established, unknown sized company, Pomanda has estimated its turnover at £0 with unknown growth in recent years.
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Red Midco Limited Health Check
Pomanda's financial health check has awarded Red Midco Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 2 areas for improvement. Company Health Check FAQs
1 Strong
0 Regular
2 Weak
Size
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Red Midco Limited
- - Industry AVG
Production
There is insufficient data available for this Key Performance Indicator!
- - Red Midco Limited
- - Industry AVG
Profitability
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Employees
with 1 employees, this is below the industry average (110)
- Red Midco Limited
- - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Red Midco Limited
- - Industry AVG
Efficiency
There is insufficient data available for this Key Performance Indicator!
- Red Midco Limited
- - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Red Midco Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Red Midco Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (17 weeks)
- - Red Midco Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 39.5%, this is a lower level of debt than the average (56.5%)
- - Red Midco Limited
- - Industry AVG
RED MIDCO LIMITED financials
Red Midco Limited's latest turnover from March 2023 is 0 and the company has net assets of £43.4 million. According to their latest financial statements, we estimate that Red Midco Limited has 1 employee and maintains cash reserves of £242 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income Or Grants | 0 | |||||||||||
| Cost Of Sales | 0 | |||||||||||
| Gross Profit | 0 | |||||||||||
| Admin Expenses | 0 | |||||||||||
| Operating Profit | -3,000 | -3,000 | -3,000 | -3,000 | -3,000 | -3,000 | -4,000 | -2,400,000 | 0 | -2,000 | -2,000 | -22,000 |
| Interest Payable | 6,506,000 | 2,981,000 | 2,760,000 | 2,556,000 | 3,159,000 | 3,116,000 | 1,996,000 | 3,045,000 | 4,199,000 | 3,471,000 | 2,889,000 | 1,828,000 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -6,509,000 | -2,984,000 | -2,763,000 | -2,559,000 | -3,162,000 | -3,119,000 | -2,000,000 | -5,445,000 | -4,199,000 | -3,473,000 | -2,891,000 | -1,850,000 |
| Tax | 0 | 0 | 4,000 | 19,000 | 0 | 0 | 0 | 0 | 0 | 0 | 326,000 | 177,000 |
| Profit After Tax | -6,509,000 | -2,984,000 | -2,759,000 | -2,540,000 | -3,162,000 | -3,119,000 | -2,000,000 | -5,445,000 | -4,199,000 | -3,473,000 | -2,565,000 | -1,673,000 |
| Dividends Paid | 3,350,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -9,859,000 | -2,984,000 | -2,759,000 | -2,540,000 | -3,162,000 | -3,119,000 | -2,000,000 | -5,445,000 | -4,199,000 | -3,473,000 | -2,565,000 | -1,673,000 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Number Of Employees | ||||||||||||
| EBITDA* | -3,000 | -3,000 | -3,000 | -3,000 | -3,000 | -3,000 | -4,000 | -2,400,000 | 0 | -2,000 | -2,000 | -22,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 33,731,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,397,000 | 2,397,000 | 2,397,000 | 2,397,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 33,731,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,397,000 | 2,397,000 | 2,397,000 | 2,397,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 37,799,000 | 31,335,000 | 31,339,000 | 31,341,000 | 31,422,000 | 31,705,000 | 31,851,000 | 31,559,000 | 31,574,000 | 25,614,000 | 25,611,000 | 25,635,000 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 325,000 | 326,000 | 326,000 | 327,000 | 0 |
| Cash | 242,000 | 1,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 38,041,000 | 31,336,000 | 31,339,000 | 31,341,000 | 31,422,000 | 31,705,000 | 31,851,000 | 31,884,000 | 31,900,000 | 25,940,000 | 25,938,000 | 25,635,000 |
| total assets | 71,772,000 | 31,336,000 | 31,339,000 | 31,341,000 | 31,422,000 | 31,705,000 | 31,851,000 | 31,884,000 | 34,297,000 | 28,337,000 | 28,335,000 | 28,032,000 |
| Bank overdraft | 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 |
| Trade Creditors | 0 | 0 | 1,934,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 28,351,000 | 1,926,000 | 0 | 1,926,000 | 1,926,000 | 1,926,000 | 1,920,000 | 1,920,000 | 1,920,000 | 1,905,000 | 1,895,000 | 1,895,000 |
| other short term finances | 0 | 0 | 0 | 8,000 | 89,000 | 369,000 | 0 | 0 | 0 | 0 | 0 | 616,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,000 | 0 | 0 | 4,000 | 19,000 | 0 | 0 | 0 | 0 | 0 | 0 | 8,000 |
| total current liabilities | 28,352,000 | 1,926,000 | 1,934,000 | 1,938,000 | 2,034,000 | 2,295,000 | 1,920,000 | 1,920,000 | 1,920,000 | 1,905,000 | 1,895,000 | 2,519,000 |
| loans | 0 | 40,250,000 | 37,261,000 | 34,500,000 | 31,945,000 | 40,119,000 | 37,521,000 | 47,090,000 | 44,058,000 | 33,914,000 | 30,449,000 | 26,957,000 |
| hp & lease commitments | 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 |
| other liabilities | 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 |
| total long term liabilities | 0 | 40,250,000 | 37,261,000 | 34,500,000 | 31,945,000 | 40,119,000 | 37,521,000 | 47,090,000 | 44,058,000 | 33,914,000 | 30,449,000 | 26,957,000 |
| total liabilities | 28,352,000 | 42,176,000 | 39,195,000 | 36,438,000 | 33,979,000 | 42,414,000 | 39,441,000 | 49,010,000 | 45,978,000 | 35,819,000 | 32,344,000 | 29,476,000 |
| net assets | 43,420,000 | -10,840,000 | -7,856,000 | -5,097,000 | -2,557,000 | -10,709,000 | -7,590,000 | -17,126,000 | -11,681,000 | -7,482,000 | -4,009,000 | -1,444,000 |
| total shareholders funds | 43,420,000 | -10,840,000 | -7,856,000 | -5,097,000 | -2,557,000 | -10,709,000 | -7,590,000 | -17,126,000 | -11,681,000 | -7,482,000 | -4,009,000 | -1,444,000 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | -3,000 | -3,000 | -3,000 | -3,000 | -3,000 | -3,000 | -4,000 | -2,400,000 | 0 | -2,000 | -2,000 | -22,000 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 4,000 | 19,000 | 0 | 0 | 0 | 0 | 0 | 0 | 326,000 | 177,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 6,464,000 | -4,000 | -2,000 | -81,000 | -283,000 | -146,000 | -33,000 | -16,000 | 5,960,000 | 2,000 | 303,000 | 25,635,000 |
| Creditors | 0 | -1,934,000 | 1,934,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 1,000 | 0 | -4,000 | -15,000 | 19,000 | 0 | 0 | 0 | 0 | 0 | -8,000 | 8,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -6,466,000 | -1,933,000 | 1,933,000 | 82,000 | 299,000 | 143,000 | 29,000 | -2,384,000 | -5,960,000 | -4,000 | 13,000 | -25,472,000 |
| Investing Activities | ||||||||||||
| capital expenditure | ||||||||||||
| Change in Investments | 33,731,000 | 0 | 0 | 0 | 0 | 0 | 0 | -2,397,000 | 0 | 0 | 0 | 2,397,000 |
| cash flow from investments | ||||||||||||
| Financing Activities | ||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 26,425,000 | 1,926,000 | -1,926,000 | 0 | 0 | 6,000 | 0 | 0 | 15,000 | 10,000 | 0 | 1,895,000 |
| Other Short Term Loans | 0 | 0 | -8,000 | -81,000 | -280,000 | 369,000 | 0 | 0 | 0 | 0 | -616,000 | 616,000 |
| Long term loans | -40,250,000 | 2,989,000 | 2,761,000 | 2,555,000 | -8,174,000 | 2,598,000 | -9,569,000 | 3,032,000 | 10,144,000 | 3,465,000 | 3,492,000 | 26,957,000 |
| Hire Purchase and Lease Commitments | 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 |
| share issue | ||||||||||||
| interest | -6,506,000 | -2,981,000 | -2,760,000 | -2,556,000 | -3,159,000 | -3,116,000 | -1,996,000 | -3,045,000 | -4,199,000 | -3,471,000 | -2,889,000 | -1,828,000 |
| cash flow from financing | 43,788,000 | 1,934,000 | -1,933,000 | -82,000 | -299,000 | -143,000 | -29,000 | -13,000 | 5,960,000 | 4,000 | -13,000 | 27,869,000 |
| cash and cash equivalents | ||||||||||||
| cash | 241,000 | 1,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 241,000 | 1,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
red midco limited Credit Report and Business Information
Red Midco Limited Competitor Analysis
Perform a competitor analysis for red midco limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other established companies, companies in EC3V area or any other competitors across 12 key performance metrics.
red midco limited Ownership
RED MIDCO LIMITED group structure
Red Midco Limited has 1 subsidiary company.
Ultimate parent company
AEA INVESTORS SBF IV LP
#0145763
2 parents
RED MIDCO LIMITED
07551890
1 subsidiary
red midco limited directors
Red Midco Limited currently has 2 directors. The longest serving directors include Mr Ross Eades (May 2018) and Mr Michael Joyce (Jan 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ross Eades | England | 62 years | May 2018 | - | Director |
| Mr Michael Joyce | England | 55 years | Jan 2020 | - | Director |
P&L
March 2023turnover
0
0%
operating profit
-3k
0%
gross margin
0%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
43.4m
-5.01%
total assets
71.8m
+1.29%
cash
242k
+241%
net assets
Total assets minus all liabilities
red midco limited company details
company number
07551890
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
March 2011
age
14
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
March 2023
previous names
dunedin claret midco limited (May 2015)
dmwsl 669 limited (June 2011)
accountant
-
auditor
-
address
5th floor 33 gracechurch street, london, EC3V 0BT
Bank
-
Legal Advisor
-
red midco 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 found 5 charges/mortgages relating to red midco limited. Currently there are 1 open charges and 4 have been satisfied in the past.
red midco 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 midco limited Companies House Filings - See Documents
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