redmile developments limited
redmile developments limited Company Information
Company Number
09392837
Website
www.redmilehomes.comRegistered Address
36 little casterton road, stamford, PE9 1BE
Industry
Development of building projects
Telephone
01949869797
Next Accounts Due
October 2024
Group Structure
View All
Shareholders
newbourne holdings ltd 100%
redmile developments limited Estimated Valuation
Pomanda estimates the enterprise value of REDMILE DEVELOPMENTS LIMITED at £351.8k based on a Turnover of £640.1k and 0.55x industry multiple (adjusted for size and gross margin).
redmile developments limited Estimated Valuation
Pomanda estimates the enterprise value of REDMILE DEVELOPMENTS LIMITED at £0 based on an EBITDA of £-478.4k and a 4.17x industry multiple (adjusted for size and gross margin).
redmile developments limited Estimated Valuation
Pomanda estimates the enterprise value of REDMILE DEVELOPMENTS LIMITED at £548.6k based on Net Assets of £354.4k and 1.55x industry multiple (adjusted for liquidity).
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Redmile Developments Limited Overview
Redmile Developments Limited is a dissolved company that was located in stamford, PE9 1BE with a Companies House number of 09392837. It operated in the development of building projects sector, SIC Code 41100. Founded in January 2015, it's largest shareholder was newbourne holdings ltd with a 100% stake. The last turnover for Redmile Developments Limited was estimated at £640.1k.
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Redmile Developments Limited Health Check
Pomanda's financial health check has awarded Redmile Developments Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
6 Weak
Size
annual sales of £640.1k, make it smaller than the average company (£1.8m)
- Redmile Developments Limited
£1.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (4.5%)
- Redmile Developments Limited
4.5% - Industry AVG
Production
with a gross margin of 27.8%, this company has a comparable cost of product (27.8%)
- Redmile Developments Limited
27.8% - Industry AVG
Profitability
an operating margin of -75.6% make it less profitable than the average company (12.6%)
- Redmile Developments Limited
12.6% - Industry AVG
Employees
with 2 employees, this is below the industry average (6)
2 - Redmile Developments Limited
6 - Industry AVG
Pay Structure
on an average salary of £43.4k, the company has an equivalent pay structure (£43.4k)
- Redmile Developments Limited
£43.4k - Industry AVG
Efficiency
resulting in sales per employee of £320k, this is more efficient (£271.5k)
- Redmile Developments Limited
£271.5k - Industry AVG
Debtor Days
it gets paid by customers after 5 days, this is earlier than average (27 days)
- Redmile Developments Limited
27 days - Industry AVG
Creditor Days
its suppliers are paid after 95 days, this is slower than average (31 days)
- Redmile Developments Limited
31 days - Industry AVG
Stock Days
it holds stock equivalent to 834 days, this is more than average (239 days)
- Redmile Developments Limited
239 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (11 weeks)
2 weeks - Redmile Developments Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 80.8%, this is a higher level of debt than the average (72.6%)
80.8% - Redmile Developments Limited
72.6% - Industry AVG
REDMILE DEVELOPMENTS LIMITED financials
Redmile Developments Limited's latest turnover from March 2019 is estimated at £640.1 thousand and the company has net assets of £354.4 thousand. According to their latest financial statements, Redmile Developments Limited has 2 employees and maintains cash reserves of £13.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|
| 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 | 2 | 2 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|
| Tangible Assets | 9,446 | 14,827 | 2,128 | 803 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 9,446 | 14,827 | 2,128 | 803 |
| Stock & work in progress | 1,056,120 | 1,175,415 | 1,834,606 | 1,602,878 |
| Trade Debtors | 10,376 | 2,406 | 21,582 | 9,381 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 918,560 | 90,774 | 0 |
| Cash | 13,106 | 3,572 | 101,892 | 225,453 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 1,832,844 | 2,099,953 | 2,048,854 | 1,837,712 |
| total assets | 1,842,290 | 2,114,780 | 2,050,982 | 1,838,515 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 731,959 |
| Trade Creditors | 120,619 | 54,170 | 89,048 | 41,035 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| other short term finances | 13,048 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 16,387 | 0 | 0 |
| other current liabilities | 0 | 89,184 | 1,086,894 | 184,733 |
| total current liabilities | 267,642 | 159,741 | 1,175,942 | 957,727 |
| loans | 0 | 1,079,999 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 50,527 |
| provisions | 0 | 0 | 0 | 0 |
| total long term liabilities | 1,220,239 | 1,079,999 | 0 | 50,527 |
| total liabilities | 1,487,881 | 1,239,740 | 1,175,942 | 1,008,254 |
| net assets | 354,409 | 875,040 | 875,040 | 830,261 |
| total shareholders funds | 354,409 | 875,040 | 875,040 | 830,261 |
| Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 5,380 | 5,140 | 644 | 29 |
| Amortisation | 0 | 0 | 0 | |
| Tax | ||||
| Stock | -119,295 | -659,191 | 231,728 | 1,602,878 |
| Debtors | -910,590 | 808,610 | 102,975 | 9,381 |
| Creditors | 66,449 | -34,878 | 48,013 | 41,035 |
| Accruals and Deferred Income | -89,184 | -997,710 | 902,161 | 184,733 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 0 | 0 | -731,959 | 731,959 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 13,048 | 0 | 0 | 0 |
| Long term loans | -1,079,999 | 1,079,999 | 0 | 0 |
| Hire Purchase and Lease Commitments | -16,387 | 16,387 | 0 | 0 |
| other long term liabilities | 0 | 0 | -50,527 | 50,527 |
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | 9,534 | -98,320 | -123,561 | 225,453 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | 9,534 | -98,320 | -123,561 | 225,453 |
redmile developments limited Credit Report and Business Information
Redmile Developments Limited Competitor Analysis
Perform a competitor analysis for redmile developments limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other undefined companies, companies in PE9 area or any other competitors across 12 key performance metrics.
redmile developments limited Ownership
REDMILE DEVELOPMENTS LIMITED group structure
Redmile Developments Limited has no subsidiary companies.
redmile developments limited directors
Redmile Developments Limited currently has 2 directors. The longest serving directors include Miss Donna Brewer (Jan 2015) and Mr Christopher Newington (Jan 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Miss Donna Brewer | England | 58 years | Jan 2015 | - | Director |
| Mr Christopher Newington | England | 66 years | Jan 2015 | - | Director |
P&L
March 2019turnover
640.1k
+39%
operating profit
-483.8k
0%
gross margin
27.8%
-3.68%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2019net assets
354.4k
-0.59%
total assets
1.8m
-0.13%
cash
13.1k
+2.67%
net assets
Total assets minus all liabilities
redmile developments limited company details
company number
09392837
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
January 2015
age
9
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2019
previous names
N/A
accountant
-
auditor
-
address
36 little casterton road, stamford, PE9 1BE
Bank
-
Legal Advisor
-
redmile developments 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 7 charges/mortgages relating to redmile developments limited. Currently there are 4 open charges and 3 have been satisfied in the past.
redmile developments limited Companies House Filings - See Documents
| date | description | view/download |
|---|
