redcentric solutions limited
redcentric solutions limited Company Information
Company Number
08322856
Next Accounts
Dec 2025
Shareholders
redcentric plc
Group Structure
View All
Industry
Computer facilities management activities
+3Registered Address
central house beckwith knowle, harrogate, north yorkshire, HG3 1UG
Website
http://webxchange.co.ukredcentric solutions limited Estimated Valuation
Pomanda estimates the enterprise value of REDCENTRIC SOLUTIONS LIMITED at £364.4m based on a Turnover of £162.6m and 2.24x industry multiple (adjusted for size and gross margin).
redcentric solutions limited Estimated Valuation
Pomanda estimates the enterprise value of REDCENTRIC SOLUTIONS LIMITED at £353m based on an EBITDA of £24.1m and a 14.62x industry multiple (adjusted for size and gross margin).
redcentric solutions limited Estimated Valuation
Pomanda estimates the enterprise value of REDCENTRIC SOLUTIONS LIMITED at £102.1m based on Net Assets of £45m and 2.27x industry multiple (adjusted for liquidity).
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Redcentric Solutions Limited Overview
Redcentric Solutions Limited is a live company located in north yorkshire, HG3 1UG with a Companies House number of 08322856. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in December 2012, it's largest shareholder is redcentric plc with a 100% stake. Redcentric Solutions Limited is a established, mega sized company, Pomanda has estimated its turnover at £162.6m with high growth in recent years.
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Redcentric Solutions Limited Health Check
Pomanda's financial health check has awarded Redcentric Solutions Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
4 Weak
Size
annual sales of £162.6m, make it larger than the average company (£4.3m)
£162.6m - Redcentric Solutions Limited
£4.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (9%)
21% - Redcentric Solutions Limited
9% - Industry AVG
Production
with a gross margin of 72.3%, this company has a lower cost of product (49.3%)
72.3% - Redcentric Solutions Limited
49.3% - Industry AVG
Profitability
an operating margin of 3% make it less profitable than the average company (5%)
3% - Redcentric Solutions Limited
5% - Industry AVG
Employees
with 561 employees, this is above the industry average (25)
561 - Redcentric Solutions Limited
25 - Industry AVG
Pay Structure
on an average salary of £65.6k, the company has an equivalent pay structure (£64.5k)
£65.6k - Redcentric Solutions Limited
£64.5k - Industry AVG
Efficiency
resulting in sales per employee of £289.8k, this is more efficient (£156.5k)
£289.8k - Redcentric Solutions Limited
£156.5k - Industry AVG
Debtor Days
it gets paid by customers after 42 days, this is near the average (51 days)
42 days - Redcentric Solutions Limited
51 days - Industry AVG
Creditor Days
its suppliers are paid after 131 days, this is slower than average (36 days)
131 days - Redcentric Solutions Limited
36 days - Industry AVG
Stock Days
it holds stock equivalent to 33 days, this is more than average (10 days)
33 days - Redcentric Solutions Limited
10 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (17 weeks)
2 weeks - Redcentric Solutions Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 75%, this is a higher level of debt than the average (58.6%)
75% - Redcentric Solutions Limited
58.6% - Industry AVG
REDCENTRIC SOLUTIONS LIMITED financials
Redcentric Solutions Limited's latest turnover from March 2024 is £162.6 million and the company has net assets of £45 million. According to their latest financial statements, Redcentric Solutions Limited has 561 employees and maintains cash reserves of £2.7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 162,567,000 | 135,619,000 | 88,814,000 | 91,399,000 | 87,485,000 | 93,260,000 | 99,989,000 | 104,622,000 | 99,832,000 | 81,082,000 | 39,060,000 |
| Other Income Or Grants | |||||||||||
| Cost Of Sales | 45,115,000 | 40,108,000 | 32,390,000 | 33,460,000 | 32,297,000 | 36,895,000 | 39,996,000 | 44,159,000 | 43,615,000 | 33,477,000 | 13,944,000 |
| Gross Profit | 117,452,000 | 95,511,000 | 56,424,000 | 57,939,000 | 55,188,000 | 56,365,000 | 59,993,000 | 60,463,000 | 56,217,000 | 47,605,000 | 25,116,000 |
| Admin Expenses | 112,633,000 | 98,455,000 | 43,978,000 | 53,801,000 | 46,658,000 | 50,810,000 | 53,036,000 | 57,017,000 | 54,754,000 | 38,855,000 | 26,546,000 |
| Operating Profit | 4,819,000 | -2,944,000 | 12,446,000 | 4,138,000 | 8,530,000 | 5,555,000 | 6,957,000 | 3,446,000 | 1,463,000 | 8,750,000 | -1,430,000 |
| Interest Payable | 5,477,000 | 3,471,000 | 1,023,000 | 1,376,000 | 1,781,000 | 1,087,000 | 1,452,000 | 1,253,000 | 274,000 | 92,000 | 171,000 |
| Interest Receivable | 6,000 | 13,000 | 19,000 | 1,000 | |||||||
| Pre-Tax Profit | -658,000 | -6,415,000 | 11,423,000 | 2,762,000 | 6,755,000 | 4,481,000 | 5,524,000 | 2,194,000 | 1,189,000 | 8,658,000 | -1,601,000 |
| Tax | 477,000 | 1,348,000 | -158,000 | -3,466,000 | -476,000 | -1,495,000 | -13,000 | -44,000 | 79,000 | -1,541,000 | -337,000 |
| Profit After Tax | -181,000 | -5,067,000 | 11,265,000 | -704,000 | 6,279,000 | 2,986,000 | 5,511,000 | 2,150,000 | 1,268,000 | 7,117,000 | -1,938,000 |
| Dividends Paid | 3,500,000 | 2,000,000 | |||||||||
| Retained Profit | -3,681,000 | -7,067,000 | 11,265,000 | -704,000 | 6,279,000 | 2,986,000 | 5,511,000 | 2,150,000 | 1,268,000 | 7,117,000 | -1,938,000 |
| Employee Costs | 36,802,000 | 32,019,000 | 19,200,000 | 19,303,000 | 18,747,000 | 19,658,000 | 23,860,000 | 23,261,000 | 25,924,000 | 19,162,000 | 9,105,000 |
| Number Of Employees | 561 | 469 | 299 | 294 | 311 | 329 | 362 | 386 | 362 | 300 | 191 |
| EBITDA* | 24,148,000 | 12,841,000 | 16,292,000 | 12,574,000 | 18,145,000 | 13,969,000 | 15,609,000 | 3,446,000 | 7,015,000 | 15,394,000 | 4,180,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 21,399,000 | 30,863,000 | 40,450,000 | 40,273,000 | 43,165,000 | 23,316,000 | 26,454,000 | 21,932,000 | 31,493,000 | 23,405,000 | 11,515,000 |
| Intangible Assets | 86,890,000 | 98,114,000 | 37,927,000 | 38,223,000 | 39,558,000 | 40,240,000 | 40,686,000 | 40,657,000 | 40,182,000 | 37,865,000 | 37,211,000 |
| Investments & Other | 8,968,000 | 6,794,000 | 5,328,000 | 5,301,000 | 6,278,000 | ||||||
| Debtors (Due After 1 year) | 3,307,000 | 3,477,000 | 6,630,000 | 11,710,000 | 5,984,000 | 5,128,000 | 5,524,000 | 7,244,000 | |||
| Total Fixed Assets | 120,564,000 | 125,500,000 | 71,747,000 | 73,815,000 | 82,723,000 | 63,556,000 | 67,140,000 | 67,717,000 | 71,675,000 | 68,514,000 | 48,726,000 |
| Stock & work in progress | 4,187,000 | 3,716,000 | 1,393,000 | 1,061,000 | 891,000 | 356,000 | 666,000 | 234,000 | 429,000 | ||
| Trade Debtors | 19,017,000 | 20,122,000 | 10,018,000 | 9,164,000 | 12,375,000 | 13,540,000 | 18,643,000 | 25,980,000 | 27,227,000 | 9,696,000 | 4,997,000 |
| Group Debtors | 19,360,000 | 19,606,000 | 16,241,000 | 13,700,000 | 30,818,000 | 27,414,000 | 27,196,000 | 27,965,000 | |||
| Misc Debtors | 14,450,000 | 16,600,000 | 12,047,000 | 16,415,000 | 11,017,000 | 8,430,000 | 7,292,000 | 5,819,000 | 4,323,000 | 6,110,000 | 3,580,000 |
| Cash | 2,711,000 | 858,000 | 1,020,000 | 4,700,000 | 3,387,000 | 6,976,000 | 5,799,000 | 3,176,000 | 6,903,000 | 3,250,000 | |
| misc current assets | 17,000 | ||||||||||
| total current assets | 59,725,000 | 61,003,000 | 40,719,000 | 45,040,000 | 58,505,000 | 56,716,000 | 59,596,000 | 63,174,000 | 31,979,000 | 22,709,000 | 11,827,000 |
| total assets | 180,289,000 | 186,503,000 | 112,466,000 | 118,855,000 | 141,228,000 | 120,272,000 | 126,736,000 | 130,891,000 | 103,654,000 | 91,223,000 | 60,553,000 |
| Bank overdraft | 3,991,000 | ||||||||||
| Bank loan | 1,149,000 | 12,500,000 | |||||||||
| Trade Creditors | 16,285,000 | 16,520,000 | 8,899,000 | 8,464,000 | 7,605,000 | 6,593,000 | 8,975,000 | 7,450,000 | 8,669,000 | 7,146,000 | 1,214,000 |
| Group/Directors Accounts | 5,739,000 | 6,395,000 | 55,000 | ||||||||
| other short term finances | 476,000 | 930,000 | 487,000 | 115,000 | 3,056,000 | 3,125,000 | 139,000 | ||||
| hp & lease commitments | 8,793,000 | 10,706,000 | 4,000,000 | 3,558,000 | 3,200,000 | 2,369,000 | 2,239,000 | 1,033,000 | 396,000 | ||
| other current liabilities | 26,591,000 | 37,478,000 | 19,255,000 | 14,215,000 | 17,183,000 | 15,604,000 | 14,362,000 | 15,727,000 | 22,120,000 | 14,899,000 | 6,842,000 |
| total current liabilities | 58,557,000 | 65,180,000 | 33,084,000 | 26,724,000 | 40,603,000 | 25,253,000 | 26,462,000 | 25,546,000 | 37,158,000 | 29,473,000 | 8,507,000 |
| loans | 42,366,000 | 125,428,000 | 26,840,000 | 31,662,000 | 42,254,000 | 43,566,000 | 61,614,000 | 37,796,000 | 7,322,000 | ||
| hp & lease commitments | 22,850,000 | 29,063,000 | 12,924,000 | 14,827,000 | 21,109,000 | 2,214,000 | 2,807,000 | 3,296,000 | 3,353,000 | 1,412,000 | 984,000 |
| Accruals and Deferred Income | 1,940,000 | 26,000 | |||||||||
| other liabilities | |||||||||||
| provisions | 11,482,000 | 22,324,000 | 7,766,000 | 5,390,000 | 4,774,000 | 1,762,000 | 752,000 | 1,207,000 | |||
| total long term liabilities | 76,698,000 | 73,876,000 | 17,303,000 | 18,526,000 | 23,532,000 | 22,664,000 | 31,183,000 | 42,299,000 | 5,601,000 | 1,438,000 | 984,000 |
| total liabilities | 135,255,000 | 139,056,000 | 50,387,000 | 45,250,000 | 64,135,000 | 47,917,000 | 57,645,000 | 67,845,000 | 42,759,000 | 30,911,000 | 9,491,000 |
| net assets | 45,034,000 | 47,447,000 | 62,079,000 | 73,605,000 | 77,093,000 | 72,355,000 | 69,091,000 | 63,046,000 | 60,895,000 | 60,312,000 | 51,062,000 |
| total shareholders funds | 45,034,000 | 47,447,000 | 62,079,000 | 73,605,000 | 77,093,000 | 72,355,000 | 69,091,000 | 63,046,000 | 60,895,000 | 60,312,000 | 51,062,000 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | 4,819,000 | -2,944,000 | 12,446,000 | 4,138,000 | 8,530,000 | 5,555,000 | 6,957,000 | 3,446,000 | 1,463,000 | 8,750,000 | -1,430,000 |
| Depreciation | 6,080,000 | 4,418,000 | 3,383,000 | 7,765,000 | 8,419,000 | 7,275,000 | 7,768,000 | 5,089,000 | 4,563,000 | 3,823,000 | |
| Amortisation | 13,249,000 | 11,367,000 | 463,000 | 671,000 | 1,196,000 | 1,139,000 | 884,000 | 463,000 | 2,081,000 | 1,787,000 | |
| Tax | 477,000 | 1,348,000 | -158,000 | -3,466,000 | -476,000 | -1,495,000 | -13,000 | -44,000 | 79,000 | -1,541,000 | -337,000 |
| Stock | 471,000 | 2,323,000 | 332,000 | 170,000 | 535,000 | -310,000 | 432,000 | -195,000 | 429,000 | ||
| Debtors | -3,671,000 | 14,869,000 | -6,053,000 | -9,205,000 | 10,810,000 | -3,747,000 | -11,761,000 | 27,818,000 | 14,024,000 | 14,473,000 | 8,577,000 |
| Creditors | -235,000 | 7,621,000 | 435,000 | 859,000 | 1,012,000 | -2,382,000 | 1,525,000 | -1,219,000 | 1,523,000 | 5,932,000 | 1,214,000 |
| Accruals and Deferred Income | -10,887,000 | 18,223,000 | 5,040,000 | -2,968,000 | 1,579,000 | 1,242,000 | -1,365,000 | -8,333,000 | 9,135,000 | 8,083,000 | 6,842,000 |
| Deferred Taxes & Provisions | -10,842,000 | 14,558,000 | 2,376,000 | 616,000 | 3,012,000 | 1,010,000 | -455,000 | 1,207,000 | |||
| Cash flow from operations | 5,861,000 | 37,399,000 | 29,706,000 | 16,650,000 | 11,927,000 | 16,401,000 | 26,630,000 | 3,299,000 | 13,395,000 | 3,322,000 | |
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | 2,174,000 | 1,466,000 | 5,328,000 | -5,301,000 | -977,000 | 6,278,000 | |||||
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | 1,149,000 | -12,500,000 | 12,500,000 | ||||||||
| Group/Directors Accounts | 5,739,000 | -6,395,000 | 6,340,000 | 55,000 | |||||||
| Other Short Term Loans | -476,000 | -454,000 | 443,000 | 372,000 | -2,941,000 | -69,000 | 3,125,000 | -139,000 | 139,000 | ||
| Long term loans | -83,062,000 | 98,588,000 | -4,822,000 | -10,592,000 | -1,312,000 | -18,048,000 | 23,818,000 | 30,474,000 | 7,322,000 | ||
| Hire Purchase and Lease Commitments | -8,126,000 | 22,845,000 | -1,461,000 | -5,924,000 | 22,095,000 | -593,000 | -2,858,000 | 73,000 | 3,147,000 | 1,065,000 | 1,380,000 |
| other long term liabilities | |||||||||||
| share issue | |||||||||||
| interest | -5,477,000 | -3,471,000 | -1,023,000 | -1,376,000 | -1,775,000 | -1,074,000 | -1,433,000 | -1,252,000 | -274,000 | -92,000 | -171,000 |
| cash flow from financing | -88,985,000 | 109,943,000 | -29,654,000 | -32,804,000 | 27,026,000 | -19,506,000 | 23,186,000 | 29,157,000 | 3,254,000 | 9,446,000 | 54,264,000 |
| cash and cash equivalents | |||||||||||
| cash | 1,853,000 | -162,000 | -3,680,000 | 1,313,000 | -3,589,000 | 1,177,000 | 2,623,000 | 3,176,000 | -6,903,000 | 3,653,000 | 3,250,000 |
| overdraft | -3,991,000 | 3,991,000 | |||||||||
| change in cash | 1,853,000 | -162,000 | -3,680,000 | 1,313,000 | -3,589,000 | 1,177,000 | 2,623,000 | 7,167,000 | -10,894,000 | 3,653,000 | 3,250,000 |
redcentric solutions limited Credit Report and Business Information
Redcentric Solutions Limited Competitor Analysis
Perform a competitor analysis for redcentric solutions limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mega companies, companies in HG3 area or any other competitors across 12 key performance metrics.
redcentric solutions limited Ownership
REDCENTRIC SOLUTIONS LIMITED group structure
Redcentric Solutions Limited has 4 subsidiary companies.
Ultimate parent company
1 parent
REDCENTRIC SOLUTIONS LIMITED
08322856
4 subsidiaries
redcentric solutions limited directors
Redcentric Solutions Limited currently has 2 directors. The longest serving directors include Mr Peter Brotherton (Nov 2016) and Mr David Senior (Apr 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Peter Brotherton | 57 years | Nov 2016 | - | Director | |
| Mr David Senior | England | 52 years | Apr 2020 | - | Director |
P&L
March 2024turnover
162.6m
+20%
operating profit
4.8m
-264%
gross margin
72.3%
+2.59%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
45m
-0.05%
total assets
180.3m
-0.03%
cash
2.7m
+2.16%
net assets
Total assets minus all liabilities
Similar Companies
redcentric solutions limited company details
company number
08322856
Type
Private limited with Share Capital
industry
62030 - Computer facilities management activities
62020 - Computer consultancy activities
63110 - Data processing, hosting and related activities
incorporation date
December 2012
age
13
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2024
previous names
intechnology managed services limited (July 2014)
accountant
-
auditor
KPMG LLP
address
central house beckwith knowle, harrogate, north yorkshire, HG3 1UG
Bank
BARCLAYS BANK PLC, BARCLAYS BANK PLC, BARCLAYS BANK PLC
Legal Advisor
-
redcentric solutions 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 4 charges/mortgages relating to redcentric solutions limited. Currently there are 1 open charges and 3 have been satisfied in the past.
redcentric solutions 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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redcentric solutions limited Companies House Filings - See Documents
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