Redray Imaging Limited

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redray imaging limited Company Information

Live

EstablishedSmallLow

Company Number

07715082

Website

Registered Address

34 arlington road, london, NW1 7HU

Industry

General medical practice activities

Telephone

Next Accounts Due

December 2024

Group Structure

View All

Directors

Nicholas Reading12 Years

Shareholders

dr nicholas reading 100%

redray imaging limited Estimated Valuation

£3.1m

Pomanda estimates the enterprise value of REDRAY IMAGING LIMITED at £3.1m based on Net Assets of £1.1m and 2.83x industry multiple (adjusted for liquidity).

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Redray Imaging Limited is a live company located in london, NW1 7HU with a Companies House number of 07715082. It operates in the general medical practice activities sector, SIC Code 86210. Founded in July 2011, it's largest shareholder is dr nicholas reading with a 100% stake. Redray Imaging Limited is a established, small sized company, Pomanda has estimated its turnover at £3.3m with low growth in recent years.

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Pomanda's financial health check has awarded Redray Imaging Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

2 Regular

5 Weak

Size

annual sales of £3.3m, make it larger than the average company (£1.9m)

Growth

3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (7%)

EXPORT

Redray Imaging Limited's latest turnover from March 2023 is estimated at £3.3 million and the company has net assets of £1.1 million. According to their latest financial statements, we estimate that Redray Imaging Limited has 26 employees and maintains cash reserves of 0 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	3,334,362	3,410,703	3,009,304	3,327,069	3,114,400	2,648,334	2,462,969	187,132	240,555	230,592	179,163	129,055
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,704,583	2,727,499	2,346,802	2,568,112	2,449,833	1,980,953	1,789,328	137,202	182,405	175,177	130,127	94,050
Gross Profit	629,779	683,204	662,502	758,957	664,567	667,381	673,641	49,929	58,151	55,416	49,036	35,005
Admin Expenses	599,799	633,695	648,442	669,004	529,113	530,823	536,396	-108,912	-111,361	-137,371	-136,218	-55,745
Operating Profit	29,980	49,509	14,060	89,953	135,454	136,558	137,245	158,841	169,512	192,787	185,254	90,750
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	775	2,814	2,205	1,510	748	179
Pre-Tax Profit	29,980	49,509	14,060	89,953	135,454	136,558	138,020	161,655	171,718	194,297	186,003	90,928
Tax	-5,696	-9,407	-2,671	-17,091	-25,736	-25,946	-27,604	-32,331	-36,061	-44,688	-44,641	-23,641
Profit After Tax	24,284	40,102	11,389	72,862	109,718	110,612	110,416	129,324	135,657	149,609	141,362	67,287
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	24,284	40,102	11,389	72,862	109,718	110,612	110,416	129,324	135,657	149,609	141,362	67,287
Employee Costs	780,139	735,202	667,006	682,366	642,204	558,047	524,194	63,428	57,265	50,926	51,300	53,365
Number Of Employees	26	26	24	25	23	20	18	2	2	2	2	2
EBITDA*	29,980	49,509	14,060	89,953	135,454	136,558	137,245	158,841	169,512	192,787	185,254	90,750

* 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	1	1	1	1	1	1	1	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	1	1	1	1	1
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	1	1	1	1	1	1	1	1	1	1	1	1
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	1,120,165	1,176,208	1,049,662	1,063,785	1,000,510	897,824	790,180	36,868	38,025	35,607	30,588	24,650
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	1,798	1,046	595	2,522	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	619,816	505,932	376,169	227,894	71,408
misc current assets	0	0	0	0	3,021	1,888	2,263	0	0	0	0	0
total current assets	1,121,963	1,177,254	1,050,257	1,066,307	1,003,531	899,712	792,443	656,684	543,957	411,776	258,482	96,058
total assets	1,121,964	1,177,255	1,050,258	1,066,308	1,003,532	899,713	792,444	656,685	543,958	411,777	258,483	96,059
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	17,422	97,117	10,222	37,061	47,147	53,046	56,389	33,444	50,041	53,517	49,832	28,770
Group/Directors Accounts	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
hp & lease commitments	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
total current liabilities	17,422	97,117	10,222	37,061	47,147	53,046	56,389	33,444	50,041	53,517	49,832	28,770
loans	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
Accruals and Deferred Income	1,920	1,800	1,800	2,400	2,400	2,400	2,400	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	1,920	1,800	1,800	2,400	2,400	2,400	2,400	0	0	0	0	0
total liabilities	19,342	98,917	12,022	39,461	49,547	55,446	58,789	33,444	50,041	53,517	49,832	28,770
net assets	1,102,622	1,078,338	1,038,236	1,026,847	953,985	844,267	733,655	623,241	493,917	358,260	208,651	67,289
total shareholders funds	1,102,622	1,078,338	1,038,236	1,026,847	953,985	844,267	733,655	623,241	493,917	358,260	208,651	67,289

	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	29,980	49,509	14,060	89,953	135,454	136,558	137,245	158,841	169,512	192,787	185,254	90,750
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	-5,696	-9,407	-2,671	-17,091	-25,736	-25,946	-27,604	-32,331	-36,061	-44,688	-44,641	-23,641
Stock	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-55,291	126,997	-16,050	65,797	102,686	107,644	753,312	-1,157	2,418	5,019	5,938	24,650
Creditors	-79,695	86,895	-26,839	-10,086	-5,899	-3,343	22,945	-16,597	-3,476	3,685	21,062	28,770
Accruals and Deferred Income	120	0	-600	0	0	0	2,400	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	0	0	0	-3,021	1,133	-375	-618,326	111,070	127,557	146,765	155,737	71,229
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	0	0	0	-1
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	0	0	0	0	0	0	-1
Financing Activities
Bank loans	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
Other Short Term Loans	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
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	0	0	0	0	0	0	-2	0	0	0	0	2
interest	0	0	0	0	0	0	775	2,814	2,205	1,510	748	179
cash flow from financing	0	0	0	0	0	0	773	2,814	2,205	1,510	748	181
cash and cash equivalents
cash	0	0	0	0	0	0	-619,816	113,884	129,763	148,275	156,486	71,408
overdraft	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-619,816	113,884	129,763	148,275	156,486	71,408

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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REDRAY IMAGING LIMITED group structure

Redray Imaging Limited has no subsidiary companies.

Ultimate parent company

REDRAY IMAGING LIMITED

07715082

REDRAY IMAGING LIMITED Shareholders

dr nicholas reading

100%

Redray Imaging Limited currently has 1 director, Dr Nicholas Reading serving since Jul 2011.

officer	country	age	start	end	role
Dr Nicholas Reading	England	70 years	Jul 2011	-	Director

P&L

March 2023

turnover

3.3m

-2%

operating profit

30k

gross margin

18.9%

-5.71%

turnover

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

Balance Sheet

March 2023

net assets

1.1m

+0.02%

total assets

1.1m

-0.05%

cash

net assets

Total assets minus all liabilities

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company number

07715082

Type

Private limited with Share Capital

industry

86210 - General medical practice activities

incorporation date

July 2011

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

incorporated

address

34 arlington road, london, NW1 7HU

last accounts submitted

March 2023

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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redray imaging limited Company Information

redray imaging limited Estimated Valuation

redray imaging limited Estimated Valuation

redray imaging limited Estimated Valuation

Redray Imaging Limited Overview

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