redwater projects two ltd
redwater projects two ltd Company Information
Company Number
10240117
Website
-Registered Address
redwaters c/o r swain & sons ltd, manchester freight terminal, worsley, manchester, M28 1DP
Industry
Development of building projects
Telephone
-
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
bagatelle estates ltd 50%
n w c estates ltd 50%
redwater projects two ltd Estimated Valuation
Pomanda estimates the enterprise value of REDWATER PROJECTS TWO LTD at £49.5k based on a Turnover of £148k and 0.33x industry multiple (adjusted for size and gross margin).
redwater projects two ltd Estimated Valuation
Pomanda estimates the enterprise value of REDWATER PROJECTS TWO LTD at £0 based on an EBITDA of £-1.7k and a 2.54x industry multiple (adjusted for size and gross margin).
redwater projects two ltd Estimated Valuation
Pomanda estimates the enterprise value of REDWATER PROJECTS TWO LTD at £0 based on Net Assets of £-5.2k and 1.49x industry multiple (adjusted for liquidity).
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Redwater Projects Two Ltd Overview
Redwater Projects Two Ltd is a live company located in worsley, M28 1DP with a Companies House number of 10240117. It operates in the development of building projects sector, SIC Code 41100. Founded in June 2016, it's largest shareholder is bagatelle estates ltd with a 50% stake. Redwater Projects Two Ltd is a young, micro sized company, Pomanda has estimated its turnover at £148k with declining growth in recent years.
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Redwater Projects Two Ltd Health Check
Pomanda's financial health check has awarded Redwater Projects Two Ltd a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 9 areas for improvement. Company Health Check FAQs
0 Strong
1 Regular
9 Weak
Size
annual sales of £148k, make it smaller than the average company (£2.6m)
- Redwater Projects Two Ltd
£2.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -69%, show it is growing at a slower rate (4.6%)
- Redwater Projects Two Ltd
4.6% - Industry AVG
Production
with a gross margin of 9.3%, this company has a higher cost of product (26.2%)
- Redwater Projects Two Ltd
26.2% - Industry AVG
Profitability
an operating margin of -1.1% make it less profitable than the average company (6.5%)
- Redwater Projects Two Ltd
6.5% - Industry AVG
Employees
with 2 employees, this is below the industry average (6)
2 - Redwater Projects Two Ltd
6 - Industry AVG
Pay Structure
on an average salary of £49.1k, the company has an equivalent pay structure (£49.1k)
- Redwater Projects Two Ltd
£49.1k - Industry AVG
Efficiency
resulting in sales per employee of £74k, this is less efficient (£312.7k)
- Redwater Projects Two Ltd
£312.7k - Industry AVG
Debtor Days
it gets paid by customers after 105 days, this is later than average (28 days)
- Redwater Projects Two Ltd
28 days - Industry AVG
Creditor Days
its suppliers are paid after 23 days, this is quicker than average (30 days)
- Redwater Projects Two Ltd
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Redwater Projects Two Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Redwater Projects Two Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 112.1%, this is a higher level of debt than the average (74.8%)
112.1% - Redwater Projects Two Ltd
74.8% - Industry AVG
REDWATER PROJECTS TWO LTD financials
Redwater Projects Two Ltd's latest turnover from December 2023 is estimated at £148 thousand and the company has net assets of -£5.2 thousand. According to their latest financial statements, Redwater Projects Two Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 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 | 2 | 2 | 2 | 2 | 2 | 2 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 42,766 | 1,003,383 | 1,007,952 | 1,502,972 | 208,699 | 88,241 | 25,894 | 8,050 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 42,766 | 1,003,383 | 1,007,952 | 1,502,972 | 208,699 | 88,241 | 25,894 | 8,050 |
| total assets | 42,766 | 1,003,383 | 1,007,952 | 1,502,972 | 208,699 | 88,241 | 25,894 | 8,050 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 8,682 | 957,527 | 959,938 | 1,481,425 | 211,779 | 90,159 | 27,165 | 8,678 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 8,682 | 957,527 | 959,938 | 1,481,425 | 211,779 | 90,159 | 27,165 | 8,678 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 39,264 | 49,340 | 49,371 | 43,333 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 39,264 | 49,340 | 49,371 | 43,333 | 0 | 0 | 0 | 0 |
| total liabilities | 47,946 | 1,006,867 | 1,009,309 | 1,524,758 | 211,779 | 90,159 | 27,165 | 8,678 |
| net assets | -5,180 | -3,484 | -1,357 | -21,786 | -3,080 | -1,918 | -1,271 | -628 |
| total shareholders funds | -5,180 | -3,484 | -1,357 | -21,786 | -3,080 | -1,918 | -1,271 | -628 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -960,617 | -4,569 | -495,020 | 1,294,273 | 120,458 | 62,347 | 17,844 | 8,050 |
| Creditors | -948,845 | -2,411 | -521,487 | 1,269,646 | 121,620 | 62,994 | 18,487 | 8,678 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -10,076 | -31 | 6,038 | 43,333 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
redwater projects two ltd Credit Report and Business Information
Redwater Projects Two Ltd Competitor Analysis
Perform a competitor analysis for redwater projects two ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in M28 area or any other competitors across 12 key performance metrics.
redwater projects two ltd Ownership
REDWATER PROJECTS TWO LTD group structure
Redwater Projects Two Ltd has no subsidiary companies.
Ultimate parent company
REDWATER PROJECTS TWO LTD
10240117
redwater projects two ltd directors
Redwater Projects Two Ltd currently has 2 directors. The longest serving directors include Mr Sean McCaul (Jun 2016) and Mr Neil Cartwright (Jun 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Sean McCaul | United Kingdom | 58 years | Jun 2016 | - | Director |
| Mr Neil Cartwright | England | 59 years | Jun 2016 | - | Director |
P&L
December 2023turnover
148k
-95%
operating profit
-1.7k
0%
gross margin
9.4%
-2.48%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-5.2k
+0.49%
total assets
42.8k
-0.96%
cash
0
0%
net assets
Total assets minus all liabilities
redwater projects two ltd company details
company number
10240117
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
June 2016
age
8
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
RYANS
auditor
-
address
redwaters c/o r swain & sons ltd, manchester freight terminal, worsley, manchester, M28 1DP
Bank
BARCLAYS BANK PLC
Legal Advisor
-
redwater projects two ltd 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 redwater projects two ltd.
redwater projects two ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
