reditum spv 2 limited
reditum spv 2 limited Company Information
Company Number
10422564
Website
www.reditumcapital.comRegistered Address
floor 2, 59-60 grosvenor street, mayfair, london, W1K 3HZ
Industry
Other credit granting (not including credit granting by non-deposit taking finance houses and other specialist consumer credit grantors and activities of mortgage finance companies) n.e.c.
Telephone
-
Next Accounts Due
734 days late
Group Structure
View All
Shareholders
undisclosed 100%
reditum spv 2 limited Estimated Valuation
Pomanda estimates the enterprise value of REDITUM SPV 2 LIMITED at £15.4k based on a Turnover of £15.5k and 0.99x industry multiple (adjusted for size and gross margin).
reditum spv 2 limited Estimated Valuation
Pomanda estimates the enterprise value of REDITUM SPV 2 LIMITED at £0 based on an EBITDA of £-117.3k and a 3.97x industry multiple (adjusted for size and gross margin).
reditum spv 2 limited Estimated Valuation
Pomanda estimates the enterprise value of REDITUM SPV 2 LIMITED at £210k based on Net Assets of £108k and 1.94x industry multiple (adjusted for liquidity).
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Reditum Spv 2 Limited Overview
Reditum Spv 2 Limited is a live company located in london, W1K 3HZ with a Companies House number of 10422564. It operates in the other credit granting n.e.c. sector, SIC Code 64929. Founded in October 2016, it's largest shareholder is undisclosed with a 100% stake. Reditum Spv 2 Limited is a young, micro sized company, Pomanda has estimated its turnover at £15.5k with declining growth in recent years.
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Reditum Spv 2 Limited Health Check
Pomanda's financial health check has awarded Reditum Spv 2 Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
7 Weak
Size
annual sales of £15.5k, make it smaller than the average company (£2.7m)
- Reditum Spv 2 Limited
£2.7m - Industry AVG
Growth
3 year (CAGR) sales growth of -67%, show it is growing at a slower rate (3.4%)
- Reditum Spv 2 Limited
3.4% - Industry AVG
Production
with a gross margin of 38.4%, this company has a higher cost of product (68.4%)
- Reditum Spv 2 Limited
68.4% - Industry AVG
Profitability
an operating margin of -754.9% make it less profitable than the average company (26.6%)
- Reditum Spv 2 Limited
26.6% - Industry AVG
Employees
with 1 employees, this is below the industry average (9)
- Reditum Spv 2 Limited
9 - Industry AVG
Pay Structure
on an average salary of £53.6k, the company has an equivalent pay structure (£53.6k)
- Reditum Spv 2 Limited
£53.6k - Industry AVG
Efficiency
resulting in sales per employee of £15.5k, this is less efficient (£322.8k)
- Reditum Spv 2 Limited
£322.8k - Industry AVG
Debtor Days
it gets paid by customers after 2583 days, this is later than average (354 days)
- Reditum Spv 2 Limited
354 days - Industry AVG
Creditor Days
its suppliers are paid after 75 days, this is slower than average (15 days)
- Reditum Spv 2 Limited
15 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Reditum Spv 2 Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Reditum Spv 2 Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 1.8%, this is a lower level of debt than the average (88.6%)
1.8% - Reditum Spv 2 Limited
88.6% - Industry AVG
reditum spv 2 limited Credit Report and Business Information
Reditum Spv 2 Limited Competitor Analysis
Perform a competitor analysis for reditum spv 2 limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
reditum spv 2 limited Ownership
REDITUM SPV 2 LIMITED group structure
Reditum Spv 2 Limited has no subsidiary companies.
Ultimate parent company
EXTREME NETWORKS FRANCE SAS
#0107291
2 parents
REDITUM SPV 2 LIMITED
10422564
reditum spv 2 limited directors
Reditum Spv 2 Limited currently has 2 directors. The longest serving directors include Mr Martin Drummond (Oct 2016) and Mr Richard Gore (Apr 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Martin Drummond | United Kingdom | 43 years | Oct 2016 | - | Director |
| Mr Richard Gore | United Kingdom | 45 years | Apr 2020 | - | Director |
REDITUM SPV 2 LIMITED financials
Reditum Spv 2 Limited's latest turnover from July 2020 is estimated at £15.5 thousand and the company has net assets of £108 thousand. According to their latest financial statements, we estimate that Reditum Spv 2 Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | |
|---|---|---|---|---|
| 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 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | |
|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 1 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 1 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 |
| Trade Debtors | 110,022 | 1,416,195 | 1,098,563 | 906,486 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 110,022 | 1,416,195 | 1,098,563 | 906,486 |
| total assets | 110,022 | 1,416,195 | 1,098,564 | 906,486 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,980 | 0 | 1,098,563 | 906,485 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 |
| total current liabilities | 1,980 | 0 | 1,098,563 | 906,485 |
| loans | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 1,190,817 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 1,190,817 | 0 | 0 |
| total liabilities | 1,980 | 1,190,817 | 1,098,563 | 906,485 |
| net assets | 108,042 | 225,378 | 1 | 1 |
| total shareholders funds | 108,042 | 225,378 | 1 | 1 |
| Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 |
| Tax | ||||
| Stock | 0 | 0 | 0 | 0 |
| Debtors | -1,306,173 | 317,632 | 192,077 | 906,486 |
| Creditors | 1,980 | -1,098,563 | 192,078 | 906,485 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 0 | -1 | 1 | 0 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | -1,190,817 | 1,190,817 | 0 | 0 |
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 |
P&L
July 2020turnover
15.5k
-94%
operating profit
-117.3k
0%
gross margin
38.5%
-0.6%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2020net assets
108k
-0.52%
total assets
110k
-0.92%
cash
0
0%
net assets
Total assets minus all liabilities
reditum spv 2 limited company details
company number
10422564
Type
Private limited with Share Capital
industry
64929 - Other credit granting (not including credit granting by non-deposit taking finance houses and other specialist consumer credit grantors and activities of mortgage finance companies) n.e.c.
incorporation date
October 2016
age
8
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
floor 2, 59-60 grosvenor street, mayfair, london, W1K 3HZ
last accounts submitted
July 2020
reditum spv 2 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 reditum spv 2 limited.
reditum spv 2 limited Companies House Filings - See Documents
| date | description | view/download |
|---|
