redhill offshore engineering ltd
redhill offshore engineering ltd Company Information
Company Number
10614842
Website
redhilloffshore.comRegistered Address
windsor house, troon way business centre, leicester, LE4 9HA
Industry
Other business support service activities n.e.c.
Telephone
-
Next Accounts Due
November 2025
Group Structure
View All
Shareholders
lauwrien geertse-vanbockel 50%
eduard marinus geertse 50%
redhill offshore engineering ltd Estimated Valuation
Pomanda estimates the enterprise value of REDHILL OFFSHORE ENGINEERING LTD at £74.4k based on a Turnover of £185.4k and 0.4x industry multiple (adjusted for size and gross margin).
redhill offshore engineering ltd Estimated Valuation
Pomanda estimates the enterprise value of REDHILL OFFSHORE ENGINEERING LTD at £0 based on an EBITDA of £-298 and a 3.07x industry multiple (adjusted for size and gross margin).
redhill offshore engineering ltd Estimated Valuation
Pomanda estimates the enterprise value of REDHILL OFFSHORE ENGINEERING LTD at £185.6k based on Net Assets of £72.3k and 2.57x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Redhill Offshore Engineering Ltd Overview
Redhill Offshore Engineering Ltd is a live company located in leicester, LE4 9HA with a Companies House number of 10614842. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in February 2017, it's largest shareholder is lauwrien geertse-vanbockel with a 50% stake. Redhill Offshore Engineering Ltd is a young, micro sized company, Pomanda has estimated its turnover at £185.4k with declining growth in recent years.
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Redhill Offshore Engineering Ltd Health Check
Pomanda's financial health check has awarded Redhill Offshore Engineering Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs
1 Strong
1 Regular
8 Weak
Size
annual sales of £185.4k, make it smaller than the average company (£3.4m)
- Redhill Offshore Engineering Ltd
£3.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (7.7%)
- Redhill Offshore Engineering Ltd
7.7% - Industry AVG
Production
with a gross margin of 16.7%, this company has a higher cost of product (37.1%)
- Redhill Offshore Engineering Ltd
37.1% - Industry AVG
Profitability
an operating margin of -0.2% make it less profitable than the average company (5.7%)
- Redhill Offshore Engineering Ltd
5.7% - Industry AVG
Employees
with 2 employees, this is below the industry average (22)
2 - Redhill Offshore Engineering Ltd
22 - Industry AVG
Pay Structure
on an average salary of £46.3k, the company has an equivalent pay structure (£46.3k)
- Redhill Offshore Engineering Ltd
£46.3k - Industry AVG
Efficiency
resulting in sales per employee of £92.7k, this is less efficient (£144.7k)
- Redhill Offshore Engineering Ltd
£144.7k - Industry AVG
Debtor Days
it gets paid by customers after 143 days, this is later than average (36 days)
- Redhill Offshore Engineering Ltd
36 days - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (32 days)
- Redhill Offshore Engineering Ltd
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Redhill Offshore Engineering Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Redhill Offshore Engineering Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 0.6%, this is a lower level of debt than the average (59.1%)
0.6% - Redhill Offshore Engineering Ltd
59.1% - Industry AVG
REDHILL OFFSHORE ENGINEERING LTD financials
Redhill Offshore Engineering Ltd's latest turnover from February 2024 is estimated at £185.4 thousand and the company has net assets of £72.3 thousand. According to their latest financial statements, Redhill Offshore Engineering Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | |
|---|---|---|---|---|---|---|---|
| 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 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 72,786 | 73,084 | 77,724 | 82,495 | 86,468 | 93,365 | 111,844 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 13,032 | 0 |
| total current assets | 72,786 | 73,084 | 77,724 | 82,495 | 86,468 | 106,397 | 111,844 |
| total assets | 72,786 | 73,084 | 77,724 | 82,495 | 86,468 | 106,397 | 111,844 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 441 | 441 | 441 | 446 | 4,063 | 21,058 | 30,695 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 441 | 441 | 441 | 446 | 4,063 | 21,058 | 30,695 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 441 | 441 | 441 | 446 | 4,063 | 21,058 | 30,695 |
| net assets | 72,345 | 72,643 | 77,283 | 82,049 | 82,405 | 85,339 | 81,149 |
| total shareholders funds | 72,345 | 72,643 | 77,283 | 82,049 | 82,405 | 85,339 | 81,149 |
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -298 | -4,640 | -4,771 | -3,973 | -6,897 | -18,479 | 111,844 |
| Creditors | 0 | 0 | -5 | -3,617 | -16,995 | -9,637 | 30,695 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 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 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
redhill offshore engineering ltd Credit Report and Business Information
Redhill Offshore Engineering Ltd Competitor Analysis
Perform a competitor analysis for redhill offshore engineering ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in LE4 area or any other competitors across 12 key performance metrics.
redhill offshore engineering ltd Ownership
REDHILL OFFSHORE ENGINEERING LTD group structure
Redhill Offshore Engineering Ltd has no subsidiary companies.
Ultimate parent company
REDHILL OFFSHORE ENGINEERING LTD
10614842
redhill offshore engineering ltd directors
Redhill Offshore Engineering Ltd currently has 2 directors. The longest serving directors include Mr Eduard Geertse (Feb 2017) and Mrs Lauwrien Geertse Van Bockel (Feb 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Eduard Geertse | England | 51 years | Feb 2017 | - | Director |
| Mrs Lauwrien Geertse Van Bockel | England | 49 years | Feb 2017 | - | Director |
P&L
February 2024turnover
185.4k
+7%
operating profit
-298
0%
gross margin
16.7%
-5.31%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2024net assets
72.3k
0%
total assets
72.8k
0%
cash
0
0%
net assets
Total assets minus all liabilities
redhill offshore engineering ltd company details
company number
10614842
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
February 2017
age
7
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
February 2024
previous names
N/A
accountant
-
auditor
-
address
windsor house, troon way business centre, leicester, LE4 9HA
Bank
-
Legal Advisor
-
redhill offshore engineering 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 redhill offshore engineering ltd.
redhill offshore engineering ltd Companies House Filings - See Documents
| date | description | view/download |
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