raedex consortium limited
raedex consortium limited Company Information
Company Number
07951186
Next Accounts
1283 days late
Shareholders
reginald larry-cole
scott martin
Group Structure
View All
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
+1Registered Address
25 farringdon street, london, EC4A 4AB
Website
http://buy2letcars.comraedex consortium limited Estimated Valuation
Pomanda estimates the enterprise value of RAEDEX CONSORTIUM LIMITED at £1.8m based on a Turnover of £2.2m and 0.82x industry multiple (adjusted for size and gross margin).
raedex consortium limited Estimated Valuation
Pomanda estimates the enterprise value of RAEDEX CONSORTIUM LIMITED at £0 based on an EBITDA of £-2.2m and a 4.4x industry multiple (adjusted for size and gross margin).
raedex consortium limited Estimated Valuation
Pomanda estimates the enterprise value of RAEDEX CONSORTIUM LIMITED at £0 based on Net Assets of £-10.9m and 1.71x industry multiple (adjusted for liquidity).
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Raedex Consortium Limited Overview
Raedex Consortium Limited is a live company located in london, EC4A 4AB with a Companies House number of 07951186. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in February 2012, it's largest shareholder is reginald larry-cole with a 90% stake. Raedex Consortium Limited is a established, small sized company, Pomanda has estimated its turnover at £2.2m with healthy growth in recent years.
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Raedex Consortium Limited Health Check
Pomanda's financial health check has awarded Raedex Consortium Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
3 Regular
7 Weak
Size
annual sales of £2.2m, make it smaller than the average company (£17.1m)
- Raedex Consortium Limited
£17.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (5.8%)
- Raedex Consortium Limited
5.8% - Industry AVG
Production
with a gross margin of 33.7%, this company has a comparable cost of product (33.7%)
- Raedex Consortium Limited
33.7% - Industry AVG
Profitability
an operating margin of -139.8% make it less profitable than the average company (4.6%)
- Raedex Consortium Limited
4.6% - Industry AVG
Employees
with 21 employees, this is below the industry average (114)
21 - Raedex Consortium Limited
114 - Industry AVG
Pay Structure
on an average salary of £40.3k, the company has an equivalent pay structure (£40.3k)
- Raedex Consortium Limited
£40.3k - Industry AVG
Efficiency
resulting in sales per employee of £105.9k, this is less efficient (£165.3k)
- Raedex Consortium Limited
£165.3k - Industry AVG
Debtor Days
it gets paid by customers after 49 days, this is near the average (47 days)
- Raedex Consortium Limited
47 days - Industry AVG
Creditor Days
its suppliers are paid after 26 days, this is quicker than average (46 days)
- Raedex Consortium Limited
46 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Raedex Consortium Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 9 weeks, this is less cash available to meet short term requirements (12 weeks)
9 weeks - Raedex Consortium Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 170.6%, this is a higher level of debt than the average (66%)
170.6% - Raedex Consortium Limited
66% - Industry AVG
RAEDEX CONSORTIUM LIMITED financials
Raedex Consortium Limited's latest turnover from December 2019 is estimated at £2.2 million and the company has net assets of -£10.9 million. According to their latest financial statements, Raedex Consortium Limited has 21 employees and maintains cash reserves of £34.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||
| Other Income Or Grants | ||||||||
| Cost Of Sales | ||||||||
| Gross Profit | ||||||||
| Admin Expenses | ||||||||
| Operating Profit | ||||||||
| Interest Payable | ||||||||
| Interest Receivable | ||||||||
| Pre-Tax Profit | ||||||||
| Tax | ||||||||
| Profit After Tax | ||||||||
| Dividends Paid | ||||||||
| Retained Profit | ||||||||
| Employee Costs | ||||||||
| Number Of Employees | 21 | 27 | 27 | 24 | 26 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 5,302,477 | 5,185,045 | 3,113,417 | 155,846 | 85,811 | 43,270 | 23,230 | 2,107 |
| Intangible Assets | 4,999,236 | 2,734,626 | 4,801,256 | |||||
| Investments & Other | 2,276,530 | 1,922,407 | 1,617,406 | 200 | 200 | 200 | 200 | 200 |
| Debtors (Due After 1 year) | 1,558,733 | |||||||
| Total Fixed Assets | 14,136,976 | 9,842,078 | 9,532,079 | 156,046 | 86,011 | 43,470 | 23,430 | 2,307 |
| Stock & work in progress | ||||||||
| Trade Debtors | 298,983 | 184,493 | 81,647 | 90,560 | 62,881 | 14,910 | 13,411 | 63,438 |
| Group Debtors | 1,532,704 | 2,088 | ||||||
| Misc Debtors | 936,298 | 843,903 | 687,481 | 507,816 | 52,302 | |||
| Cash | 34,166 | 62,148 | 56,911 | 30,647 | 146,742 | 168,737 | 78,100 | 1,028 |
| misc current assets | ||||||||
| total current assets | 1,269,447 | 2,623,248 | 828,127 | 629,023 | 261,925 | 183,647 | 91,511 | 64,466 |
| total assets | 15,406,423 | 12,465,326 | 10,360,206 | 785,069 | 347,936 | 227,117 | 114,941 | 66,773 |
| Bank overdraft | ||||||||
| Bank loan | ||||||||
| Trade Creditors | 105,726 | 58,499 | 36,855 | 96,179 | 79,906 | 2,227,405 | 783,837 | 117,257 |
| Group/Directors Accounts | 21,645,279 | 12,820,791 | 7,195,394 | 4,122,061 | ||||
| other short term finances | ||||||||
| hp & lease commitments | ||||||||
| other current liabilities | 83,884 | 264,025 | 397,944 | 332,933 | 424,030 | |||
| total current liabilities | 189,610 | 21,967,803 | 13,255,590 | 7,624,506 | 4,625,997 | 2,227,405 | 783,837 | 117,257 |
| loans | 26,091,824 | |||||||
| hp & lease commitments | ||||||||
| Accruals and Deferred Income | ||||||||
| other liabilities | 71,930 | 115,500 | 121,500 | |||||
| provisions | ||||||||
| total long term liabilities | 26,091,824 | 71,930 | 115,500 | 121,500 | ||||
| total liabilities | 26,281,434 | 21,967,803 | 13,255,590 | 7,624,506 | 4,625,997 | 2,299,335 | 899,337 | 238,757 |
| net assets | -10,875,011 | -9,502,477 | -2,895,384 | -6,839,437 | -4,278,061 | -2,072,218 | -784,396 | -171,984 |
| total shareholders funds | -10,875,011 | -9,502,477 | -2,895,384 | -6,839,437 | -4,278,061 | -2,072,218 | -784,396 | -171,984 |
| Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 934,524 | 1,259,199 | 353,901 | 28,342 | 34,874 | 10,099 | 499 | |
| Amortisation | ||||||||
| Tax | ||||||||
| Stock | ||||||||
| Debtors | 232,914 | 1,789,884 | 172,840 | 483,193 | 100,273 | 1,499 | -50,027 | 63,438 |
| Creditors | 47,227 | 21,644 | -59,324 | 16,273 | -2,147,499 | 1,443,568 | 666,580 | 117,257 |
| Accruals and Deferred Income | -180,141 | -133,919 | 65,011 | -91,097 | 424,030 | |||
| Deferred Taxes & Provisions | ||||||||
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 354,123 | 305,001 | 1,617,206 | 200 | ||||
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | ||||||||
| Group/Directors Accounts | -21,645,279 | 8,824,488 | 5,625,397 | 3,073,333 | 4,122,061 | |||
| Other Short Term Loans | ||||||||
| Long term loans | 26,091,824 | |||||||
| Hire Purchase and Lease Commitments | ||||||||
| other long term liabilities | -71,930 | -43,570 | -6,000 | 121,500 | ||||
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | -27,982 | 5,237 | 26,264 | -116,095 | -21,995 | 90,637 | 77,072 | 1,028 |
| overdraft | ||||||||
| change in cash | -27,982 | 5,237 | 26,264 | -116,095 | -21,995 | 90,637 | 77,072 | 1,028 |
raedex consortium limited Credit Report and Business Information
Raedex Consortium Limited Competitor Analysis
Perform a competitor analysis for raedex consortium limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in EC4A area or any other competitors across 12 key performance metrics.
raedex consortium limited Ownership
RAEDEX CONSORTIUM LIMITED group structure
Raedex Consortium Limited has 2 subsidiary companies.
Ultimate parent company
RAEDEX CONSORTIUM LIMITED
07951186
2 subsidiaries
raedex consortium limited directors
Raedex Consortium Limited currently has 2 directors. The longest serving directors include Mr Reginald Larry-Cole (Oct 2013) and Mr Scott Martin (Oct 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Reginald Larry-Cole | 54 years | Oct 2013 | - | Director | |
| Mr Scott Martin | 46 years | Oct 2013 | - | Director |
P&L
December 2019turnover
2.2m
+4%
operating profit
-3.1m
0%
gross margin
33.8%
+1.9%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2019net assets
-10.9m
+0.14%
total assets
15.4m
+0.24%
cash
34.2k
-0.45%
net assets
Total assets minus all liabilities
raedex consortium limited company details
company number
07951186
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
70100 - Activities of head offices
incorporation date
February 2012
age
13
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2019
previous names
N/A
accountant
AMHERST ACCOUNTANCY
auditor
-
address
25 farringdon street, london, EC4A 4AB
Bank
-
Legal Advisor
-
raedex consortium 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 raedex consortium limited.
raedex consortium 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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raedex consortium limited Companies House Filings - See Documents
| date | description | view/download |
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