redmile developments limited

3.5

redmile developments limited Company Information

Share REDMILE DEVELOPMENTS LIMITED
Dissolved 

Company Number

09392837

Registered Address

36 little casterton road, stamford, PE9 1BE

Industry

Development of building projects

 

Telephone

01949869797

Next Accounts Due

October 2024

Group Structure

View All

Directors

Donna Brewer9 Years

Christopher Newington9 Years

Shareholders

newbourne holdings ltd 100%

redmile developments limited Estimated Valuation

£351.8k

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

£0

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

£548.6k

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

Health Check Image
Health Rating3.5out of 5
positive_score

4 Strong

positive_score

2 Regular

positive_score

6 Weak

size

Size

annual sales of £640.1k, make it smaller than the average company (£1.8m)

£640.1k - Redmile Developments Limited

£1.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (4.5%)

12% - Redmile Developments Limited

4.5% - Industry AVG

production

Production

with a gross margin of 27.8%, this company has a comparable cost of product (27.8%)

27.8% - Redmile Developments Limited

27.8% - Industry AVG

profitability

Profitability

an operating margin of -75.6% make it less profitable than the average company (12.6%)

-75.6% - Redmile Developments Limited

12.6% - Industry AVG

employees

Employees

with 2 employees, this is below the industry average (6)

2 - Redmile Developments Limited

6 - Industry AVG

paystructure

Pay Structure

on an average salary of £43.4k, the company has an equivalent pay structure (£43.4k)

£43.4k - Redmile Developments Limited

£43.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £320k, this is more efficient (£271.5k)

£320k - Redmile Developments Limited

£271.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 5 days, this is earlier than average (27 days)

5 days - Redmile Developments Limited

27 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 95 days, this is slower than average (31 days)

95 days - Redmile Developments Limited

31 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 834 days, this is more than average (239 days)

834 days - Redmile Developments Limited

239 days - Industry AVG

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Mar 2019Mar 2018Mar 2017Mar 2016
Turnover640,084460,989723,168461,032
Other Income Or Grants0000
Cost Of Sales462,206327,988502,952319,142
Gross Profit177,879133,001220,217141,890
Admin Expenses661,68298,165141,779288,554
Operating Profit-483,80334,83678,438-146,664
Interest Payable36,89035,10022,87423,789
Interest Receivable63264409564
Pre-Tax Profit-520,631055,974-169,889
Tax00-11,1950
Profit After Tax-520,631044,779-169,889
Dividends Paid0000
Retained Profit-520,631044,779-169,889
Employee Costs86,79484,506124,75880,000
Number Of Employees2232
EBITDA*-478,42339,97679,082-146,635

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2019Mar 2018Mar 2017Mar 2016
Tangible Assets9,44614,8272,128803
Intangible Assets0000
Investments & Other0000
Debtors (Due After 1 year)0000
Total Fixed Assets9,44614,8272,128803
Stock & work in progress1,056,1201,175,4151,834,6061,602,878
Trade Debtors10,3762,40621,5829,381
Group Debtors0000
Misc Debtors0918,56090,7740
Cash13,1063,572101,892225,453
misc current assets0000
total current assets1,832,8442,099,9532,048,8541,837,712
total assets1,842,2902,114,7802,050,9821,838,515
Bank overdraft0000
Bank loan000731,959
Trade Creditors 120,61954,17089,04841,035
Group/Directors Accounts0000
other short term finances13,048000
hp & lease commitments016,38700
other current liabilities089,1841,086,894184,733
total current liabilities267,642159,7411,175,942957,727
loans01,079,99900
hp & lease commitments0000
Accruals and Deferred Income0000
other liabilities00050,527
provisions0000
total long term liabilities1,220,2391,079,999050,527
total liabilities1,487,8811,239,7401,175,9421,008,254
net assets354,409875,040875,040830,261
total shareholders funds354,409875,040875,040830,261
Mar 2019Mar 2018Mar 2017Mar 2016
Operating Activities
Operating Profit-483,80334,83678,438-146,664
Depreciation5,3805,14064429
Amortisation0000
Tax00-11,1950
Stock-119,295-659,191231,7281,602,878
Debtors-910,590808,610102,9759,381
Creditors66,449-34,87848,01341,035
Accruals and Deferred Income-89,184-997,710902,161184,733
Deferred Taxes & Provisions0000
Cash flow from operations528,727-1,142,031683,358-1,533,126
Investing Activities
capital expenditure1-17,839-1,969-832
Change in Investments0000
cash flow from investments1-17,839-1,969-832
Financing Activities
Bank loans00-731,959731,959
Group/Directors Accounts0000
Other Short Term Loans 13,048000
Long term loans-1,079,9991,079,99900
Hire Purchase and Lease Commitments-16,38716,38700
other long term liabilities00-50,52750,527
share issue0001,000,150
interest-36,827-34,836-22,465-23,225
cash flow from financing-1,120,1651,061,550-804,9511,759,411
cash and cash equivalents
cash9,534-98,320-123,561225,453
overdraft0000
change in cash9,534-98,320-123,561225,453

redmile developments limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Redmile Developments Limited Competitor Analysis

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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.

Ultimate parent company

1 parent

REDMILE DEVELOPMENTS LIMITED

09392837

REDMILE DEVELOPMENTS LIMITED Shareholders

newbourne holdings ltd 100%

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).

officercountryagestartendrole
Miss Donna BrewerEngland58 years Jan 2015- Director
Mr Christopher NewingtonEngland66 years Jan 2015- Director

P&L

March 2019

turnover

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 2019

net 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.

charges

redmile developments limited Companies House Filings - See Documents

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