red global limited
red global limited Company Information
Company Number
07639139
Next Accounts
Dec 2024
Industry
Activities of head offices
Shareholders
mars global acquisition bidco limited
Group Structure
View All
Contact
Registered Address
5th floor 33 gracechurch street, london, EC3V 0BT
Website
redglobal.comred global limited Estimated Valuation
Pomanda estimates the enterprise value of RED GLOBAL LIMITED at £260.8m based on a Turnover of £210m and 1.24x industry multiple (adjusted for size and gross margin).
red global limited Estimated Valuation
Pomanda estimates the enterprise value of RED GLOBAL LIMITED at £92.3m based on an EBITDA of £11.1m and a 8.33x industry multiple (adjusted for size and gross margin).
red global limited Estimated Valuation
Pomanda estimates the enterprise value of RED GLOBAL LIMITED at £0 based on Net Assets of £-24.4m and 2.58x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Red Global Limited Overview
Red Global Limited is a live company located in london, EC3V 0BT with a Companies House number of 07639139. It operates in the activities of head offices sector, SIC Code 70100. Founded in May 2011, it's largest shareholder is mars global acquisition bidco limited with a 100% stake. Red Global Limited is a established, mega sized company, Pomanda has estimated its turnover at £210m with healthy growth in recent years.
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Red Global Limited Health Check
Pomanda's financial health check has awarded Red Global Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 7 areas for improvement. Company Health Check FAQs
4 Strong
0 Regular
7 Weak
Size
annual sales of £210m, make it larger than the average company (£19.8m)
£210m - Red Global Limited
£19.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (4.3%)
13% - Red Global Limited
4.3% - Industry AVG
Production
with a gross margin of 22.1%, this company has a higher cost of product (32.8%)
22.1% - Red Global Limited
32.8% - Industry AVG
Profitability
an operating margin of 4.3% make it less profitable than the average company (5.9%)
4.3% - Red Global Limited
5.9% - Industry AVG
Employees
with 281 employees, this is above the industry average (117)
281 - Red Global Limited
117 - Industry AVG
Pay Structure
on an average salary of £98k, the company has a higher pay structure (£45.4k)
£98k - Red Global Limited
£45.4k - Industry AVG
Efficiency
resulting in sales per employee of £747.4k, this is more efficient (£186.9k)
£747.4k - Red Global Limited
£186.9k - Industry AVG
Debtor Days
it gets paid by customers after 81 days, this is later than average (46 days)
81 days - Red Global Limited
46 days - Industry AVG
Creditor Days
its suppliers are paid after 25 days, this is quicker than average (45 days)
25 days - Red Global Limited
45 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Red Global Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (16 weeks)
1 weeks - Red Global Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 134%, this is a higher level of debt than the average (57%)
134% - Red Global Limited
57% - Industry AVG
RED GLOBAL LIMITED financials
Red Global Limited's latest turnover from March 2023 is £210 million and the company has net assets of -£24.4 million. According to their latest financial statements, Red Global Limited has 281 employees and maintains cash reserves of £2.8 million 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 | 210,020,000 | 162,806,000 | 130,900,000 | 144,692,000 | 137,636,000 | 123,637,000 | 105,760,000 | 89,152,000 | 79,412,000 | 80,879,000 | 70,488,000 | 59,789,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 163,574,000 | 126,730,000 | 102,800,000 | 115,262,000 | 110,957,000 | 98,931,000 | 84,614,000 | 70,347,000 | 61,680,000 | 62,057,000 | 52,587,000 | 45,200,000 |
| Gross Profit | 46,446,000 | 36,076,000 | 28,100,000 | 29,430,000 | 26,679,000 | 24,706,000 | 21,146,000 | 18,805,000 | 17,732,000 | 18,822,000 | 17,901,000 | 14,589,000 |
| Admin Expenses | 37,461,000 | 31,506,000 | 24,719,000 | 27,062,000 | 24,838,000 | 24,431,000 | 23,401,000 | 21,547,000 | 19,717,000 | 17,815,000 | 16,163,000 | 11,734,000 |
| Operating Profit | 8,985,000 | 4,570,000 | 3,381,000 | 2,368,000 | 1,841,000 | 275,000 | -2,255,000 | -2,742,000 | -1,985,000 | 1,007,000 | 1,738,000 | 2,855,000 |
| Interest Payable | 8,258,000 | 4,085,000 | 4,213,000 | 5,120,000 | 4,016,000 | 3,947,000 | 3,115,000 | 4,094,000 | 5,822,000 | 4,790,000 | 4,374,000 | 2,881,000 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 727,000 | 485,000 | -832,000 | -2,752,000 | -2,672,000 | -4,604,000 | -5,543,000 | -7,358,000 | -7,135,000 | -4,433,000 | -2,924,000 | 497,000 |
| Tax | -2,975,000 | -2,740,000 | -1,117,000 | -522,000 | -36,000 | -473,000 | -298,000 | -334,000 | -441,000 | -834,000 | -45,000 | -953,000 |
| Profit After Tax | -2,248,000 | -2,255,000 | -1,949,000 | -3,274,000 | -2,708,000 | -5,077,000 | -5,841,000 | -7,692,000 | -7,576,000 | -5,267,000 | -2,969,000 | -456,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -2,248,000 | -2,255,000 | -1,949,000 | -3,274,000 | -2,708,000 | -5,077,000 | -5,841,000 | -7,692,000 | -7,576,000 | -5,267,000 | -2,969,000 | -456,000 |
| Employee Costs | 27,535,000 | 23,737,000 | 16,805,000 | 17,799,000 | 16,487,000 | 15,502,000 | 13,875,000 | 12,307,000 | 11,709,000 | 11,498,000 | 10,293,000 | 7,392,000 |
| Number Of Employees | 281 | 225 | 218 | 244 | 232 | 216 | 212 | 202 | 194 | 178 | 195 | 165 |
| EBITDA* | 11,084,000 | 6,706,000 | 5,639,000 | 4,659,000 | 4,378,000 | 2,546,000 | 159,000 | -423,000 | 157,000 | 3,167,000 | 3,721,000 | 4,326,000 |
* 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 | 249,000 | 324,000 | 342,000 | 605,000 | 653,000 | 794,000 | 1,080,000 | 1,116,000 | 704,000 | 697,000 | 766,000 | 396,000 |
| Intangible Assets | 15,228,000 | 17,069,000 | 18,910,000 | 20,751,000 | 22,592,000 | 24,434,000 | 26,275,000 | 28,115,000 | 29,956,000 | 31,797,000 | 33,639,000 | 35,482,000 |
| Investments & Other | 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 |
| Total Fixed Assets | 15,477,000 | 17,393,000 | 19,252,000 | 21,356,000 | 23,245,000 | 25,228,000 | 27,355,000 | 29,231,000 | 30,660,000 | 32,494,000 | 34,405,000 | 35,878,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 46,822,000 | 36,475,000 | 28,427,000 | 30,302,000 | 30,339,000 | 21,169,000 | 22,693,000 | 18,247,000 | 15,990,000 | 14,391,000 | 12,975,000 | 15,202,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 6,664,000 | 8,824,000 | 2,876,000 | 3,967,000 | 5,275,000 | 4,739,000 | 3,465,000 | 3,146,000 | 2,946,000 | 3,073,000 | 1,990,000 | 1,704,000 |
| Cash | 2,774,000 | 6,445,000 | 5,719,000 | 2,182,000 | 1,673,000 | 1,228,000 | 1,188,000 | 919,000 | 2,736,000 | 822,000 | 3,135,000 | 970,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 56,260,000 | 51,744,000 | 37,022,000 | 36,451,000 | 37,287,000 | 27,136,000 | 27,346,000 | 22,312,000 | 21,672,000 | 18,286,000 | 18,100,000 | 17,876,000 |
| total assets | 71,737,000 | 69,137,000 | 56,274,000 | 57,807,000 | 60,532,000 | 52,364,000 | 54,701,000 | 51,543,000 | 52,332,000 | 50,780,000 | 52,505,000 | 53,754,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 210,000 | 832,000 | 758,000 | 1,007,000 |
| Trade Creditors | 11,616,000 | 13,198,000 | 12,101,000 | 10,483,000 | 12,241,000 | 10,380,000 | 10,451,000 | 9,098,000 | 7,768,000 | 7,873,000 | 6,675,000 | 6,206,000 |
| Group/Directors Accounts | 35,847,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 26,803,000 | 7,141,000 | 11,906,000 | 17,030,000 | 20,650,000 | 16,617,000 | 15,244,000 | 12,129,000 | 4,255,000 | 478,000 | 0 | 616,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 21,842,000 | 29,247,000 | 13,902,000 | 12,892,000 | 9,888,000 | 9,521,000 | 8,629,000 | 5,861,000 | 5,611,000 | 5,627,000 | 6,256,000 | 3,809,000 |
| total current liabilities | 96,108,000 | 49,586,000 | 37,909,000 | 40,405,000 | 42,779,000 | 36,518,000 | 34,324,000 | 27,088,000 | 17,844,000 | 14,810,000 | 13,689,000 | 11,638,000 |
| loans | 0 | 41,690,000 | 38,610,000 | 35,766,000 | 33,133,000 | 40,119,000 | 40,051,000 | 49,524,000 | 51,545,000 | 45,427,000 | 42,941,000 | 42,241,000 |
| 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 | 41,690,000 | 38,610,000 | 35,766,000 | 33,133,000 | 40,119,000 | 40,051,000 | 49,524,000 | 51,545,000 | 45,427,000 | 42,941,000 | 42,241,000 |
| total liabilities | 96,108,000 | 91,276,000 | 76,519,000 | 76,171,000 | 75,912,000 | 76,637,000 | 74,375,000 | 76,612,000 | 69,389,000 | 60,237,000 | 56,630,000 | 53,879,000 |
| net assets | -24,371,000 | -22,139,000 | -20,245,000 | -18,364,000 | -15,380,000 | -24,273,000 | -19,674,000 | -25,069,000 | -17,057,000 | -9,457,000 | -4,125,000 | -125,000 |
| total shareholders funds | -24,371,000 | -22,139,000 | -20,245,000 | -18,364,000 | -15,380,000 | -24,273,000 | -19,674,000 | -25,069,000 | -17,057,000 | -9,457,000 | -4,125,000 | -125,000 |
| 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 | 8,985,000 | 4,570,000 | 3,381,000 | 2,368,000 | 1,841,000 | 275,000 | -2,255,000 | -2,742,000 | -1,985,000 | 1,007,000 | 1,738,000 | 2,855,000 |
| Depreciation | 258,000 | 295,000 | 417,000 | 450,000 | 2,271,000 | 430,000 | 573,000 | 478,000 | 301,000 | 318,000 | 140,000 | 90,000 |
| Amortisation | 1,841,000 | 1,841,000 | 1,841,000 | 1,841,000 | 266,000 | 1,841,000 | 1,841,000 | 1,841,000 | 1,841,000 | 1,842,000 | 1,843,000 | 1,381,000 |
| Tax | -2,975,000 | -2,740,000 | -1,117,000 | -522,000 | -36,000 | -473,000 | -298,000 | -334,000 | -441,000 | -834,000 | -45,000 | -953,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 8,187,000 | 13,996,000 | -2,966,000 | -1,345,000 | 9,706,000 | -250,000 | 4,765,000 | 2,457,000 | 1,472,000 | 2,499,000 | -1,941,000 | 16,906,000 |
| Creditors | -1,582,000 | 1,097,000 | 1,618,000 | -1,758,000 | 1,861,000 | -71,000 | 1,353,000 | 1,330,000 | -105,000 | 1,198,000 | 469,000 | 6,206,000 |
| Accruals and Deferred Income | -7,405,000 | 15,345,000 | 1,010,000 | 3,004,000 | 367,000 | 892,000 | 2,768,000 | 250,000 | -16,000 | -629,000 | 2,447,000 | 3,809,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -9,065,000 | 6,412,000 | 10,116,000 | 6,728,000 | -3,136,000 | 3,144,000 | -783,000 | -1,634,000 | -1,877,000 | 403,000 | 8,533,000 | -3,518,000 |
| Investing Activities | ||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | -270,000 | -143,000 | -545,000 | -1,121,000 | -308,000 | -249,000 | -506,000 | -186,000 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | -270,000 | -143,000 | -545,000 | -1,121,000 | -308,000 | -249,000 | -506,000 | -186,000 |
| Financing Activities | ||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -210,000 | -622,000 | 74,000 | -249,000 | 1,007,000 |
| Group/Directors Accounts | 35,847,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 19,662,000 | -4,765,000 | -5,124,000 | -3,620,000 | 4,033,000 | 1,373,000 | 3,115,000 | 7,874,000 | 3,777,000 | 478,000 | -616,000 | 616,000 |
| Long term loans | -41,690,000 | 3,080,000 | 2,844,000 | 2,633,000 | -6,986,000 | 68,000 | -9,473,000 | -2,021,000 | 6,118,000 | 2,486,000 | 700,000 | 42,241,000 |
| 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 | -8,258,000 | -4,085,000 | -4,213,000 | -5,120,000 | -4,016,000 | -3,947,000 | -3,115,000 | -4,094,000 | -5,822,000 | -4,790,000 | -4,374,000 | -2,881,000 |
| cash flow from financing | 5,577,000 | -5,409,000 | -6,425,000 | -5,817,000 | 4,632,000 | -2,028,000 | 1,763,000 | 1,229,000 | 3,427,000 | -1,817,000 | -5,570,000 | 41,314,000 |
| cash and cash equivalents | ||||||||||||
| cash | -3,671,000 | 726,000 | 3,537,000 | 509,000 | 445,000 | 40,000 | 269,000 | -1,817,000 | 1,914,000 | -2,313,000 | 2,165,000 | 970,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -3,671,000 | 726,000 | 3,537,000 | 509,000 | 445,000 | 40,000 | 269,000 | -1,817,000 | 1,914,000 | -2,313,000 | 2,165,000 | 970,000 |
red global limited Credit Report and Business Information
Red Global Limited Competitor Analysis
Perform a competitor analysis for red global limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mega companies, companies in EC3V area or any other competitors across 12 key performance metrics.
red global limited Ownership
RED GLOBAL LIMITED group structure
Red Global Limited has 1 subsidiary company.
Ultimate parent company
AEA INVESTORS SBF IV LP
#0145763
2 parents
RED GLOBAL LIMITED
07639139
1 subsidiary
red global limited directors
Red Global 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
210m
+29%
operating profit
9m
+97%
gross margin
22.2%
-0.2%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-24.4m
+0.1%
total assets
71.7m
+0.04%
cash
2.8m
-0.57%
net assets
Total assets minus all liabilities
red global limited company details
company number
07639139
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
May 2011
age
13
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2023
previous names
red topco limited (October 2021)
dunedin claret limited (May 2015)
accountant
-
auditor
KPMG LLP
address
5th floor 33 gracechurch street, london, EC3V 0BT
Bank
-
Legal Advisor
-
red global 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 global limited. Currently there are 1 open charges and 4 have been satisfied in the past.
red global limited Companies House Filings - See Documents
| date | description | view/download |
|---|
