red supported living cic
red supported living cic Company Information
Company Number
10968060
Website
www.redsupportedliving.co.ukRegistered Address
red supported living cic, 1a north street,, ferryhill, co. durham, DL17 8HX
Industry
Other accommodation
Telephone
441740654333
Next Accounts Due
June 2025
Group Structure
View All
Shareholders
-0%
red supported living cic Estimated Valuation
Pomanda estimates the enterprise value of RED SUPPORTED LIVING CIC at £685k based on a Turnover of £527k and 1.3x industry multiple (adjusted for size and gross margin).
red supported living cic Estimated Valuation
Pomanda estimates the enterprise value of RED SUPPORTED LIVING CIC at £204k based on an EBITDA of £33.2k and a 6.15x industry multiple (adjusted for size and gross margin).
red supported living cic Estimated Valuation
Pomanda estimates the enterprise value of RED SUPPORTED LIVING CIC at £116.7k based on Net Assets of £66.5k and 1.76x industry multiple (adjusted for liquidity).
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Red Supported Living Cic Overview
Red Supported Living Cic is a live company located in ferryhill, DL17 8HX with a Companies House number of 10968060. It operates in the other accommodation sector, SIC Code 55900. Founded in September 2017, it's largest shareholder is unknown. Red Supported Living Cic is a young, small sized company, Pomanda has estimated its turnover at £527k with healthy growth in recent years.
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Red Supported Living Cic Health Check
Pomanda's financial health check has awarded Red Supported Living Cic a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
4 Weak
Size
annual sales of £527k, make it smaller than the average company (£896.9k)
£527k - Red Supported Living Cic
£896.9k - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a similar rate (5.3%)
5% - Red Supported Living Cic
5.3% - Industry AVG
Production
with a gross margin of 93.3%, this company has a lower cost of product (54.5%)
93.3% - Red Supported Living Cic
54.5% - Industry AVG
Profitability
an operating margin of 5.3% make it as profitable than the average company (5.8%)
5.3% - Red Supported Living Cic
5.8% - Industry AVG
Employees
with 7 employees, this is below the industry average (19)
7 - Red Supported Living Cic
19 - Industry AVG
Pay Structure
on an average salary of £20.9k, the company has an equivalent pay structure (£24.3k)
£20.9k - Red Supported Living Cic
£24.3k - Industry AVG
Efficiency
resulting in sales per employee of £75.3k, this is more efficient (£55.9k)
£75.3k - Red Supported Living Cic
£55.9k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Red Supported Living Cic
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Red Supported Living Cic
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Red Supported Living Cic
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 57 weeks, this is less cash available to meet short term requirements (87 weeks)
57 weeks - Red Supported Living Cic
87 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 43.4%, this is a higher level of debt than the average (31.3%)
43.4% - Red Supported Living Cic
31.3% - Industry AVG
RED SUPPORTED LIVING CIC financials
Red Supported Living Cic's latest turnover from September 2023 is £527 thousand and the company has net assets of £66.5 thousand. According to their latest financial statements, Red Supported Living Cic has 7 employees and maintains cash reserves of £56.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | |
|---|---|---|---|---|---|---|
| Turnover | 527,035 | 516,273 | 487,015 | 461,528 | 335,423 | 73,533 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 35,160 | 19,806 | 17,623 | 13,675 | 23,855 | 6,022 |
| Gross Profit | 491,875 | 496,467 | 469,392 | 447,853 | 311,568 | 67,511 |
| Admin Expenses | 463,920 | 483,430 | 465,952 | 447,289 | 290,200 | 64,235 |
| Operating Profit | 27,955 | 13,037 | 3,440 | 564 | 21,368 | 3,276 |
| Interest Payable | 1,721 | 1,324 | 75 | 0 | 0 | 180 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 26,234 | 11,713 | 3,365 | 564 | 21,368 | 3,276 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 26,234 | 11,713 | 3,365 | 564 | 21,368 | 3,276 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 26,234 | 11,713 | 3,365 | 564 | 21,368 | 3,276 |
| Employee Costs | 146,522 | 215,431 | 200,146 | 185,022 | 102,448 | 31,129 |
| Number Of Employees | 7 | 6 | 7 | 8 | 4 | |
| EBITDA* | 33,176 | 21,343 | 9,597 | 3,835 | 21,368 | 3,276 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 58,901 | 50,594 | 58,900 | 52,407 | 12,775 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 58,901 | 50,594 | 58,900 | 52,407 | 12,775 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 2,017 | 2,188 | 7,509 | 0 | 0 | 0 |
| Cash | 56,591 | 41,274 | 23,258 | 36,684 | 25,752 | 6,006 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 58,608 | 43,462 | 30,767 | 36,684 | 25,752 | 6,006 |
| total assets | 117,509 | 94,056 | 89,667 | 89,091 | 38,527 | 6,006 |
| Bank overdraft | 38,436 | 47,265 | 47,265 | 50,000 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 12,553 | 6,505 | 13,829 | 13,883 | 13,883 | 2,730 |
| total current liabilities | 50,989 | 53,770 | 61,094 | 63,883 | 13,883 | 2,730 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 50,989 | 53,770 | 61,094 | 63,883 | 13,883 | 2,730 |
| net assets | 66,520 | 40,286 | 28,573 | 25,208 | 24,644 | 3,276 |
| total shareholders funds | 66,520 | 40,286 | 28,573 | 25,208 | 24,644 | 3,276 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | 27,955 | 13,037 | 3,440 | 564 | 21,368 | 3,276 |
| Depreciation | 5,221 | 8,306 | 6,157 | 3,271 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -171 | -5,321 | 7,509 | 0 | 0 | 0 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 6,048 | -7,324 | -54 | 0 | 11,153 | 2,730 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 39,395 | 19,340 | 2,034 | 3,835 | 32,521 | 6,006 |
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | -1,721 | -1,324 | -75 | 0 | 0 | -180 |
| cash flow from financing | -1,721 | -1,324 | -75 | 0 | 0 | -180 |
| cash and cash equivalents | ||||||
| cash | 15,317 | 18,016 | -13,426 | 10,932 | 19,746 | 6,006 |
| overdraft | -8,829 | 0 | -2,735 | 50,000 | 0 | 0 |
| change in cash | 24,146 | 18,016 | -10,691 | -39,068 | 19,746 | 6,006 |
red supported living cic Credit Report and Business Information
Red Supported Living Cic Competitor Analysis
Perform a competitor analysis for red supported living cic by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other small companies, companies in DL17 area or any other competitors across 12 key performance metrics.
red supported living cic Ownership
RED SUPPORTED LIVING CIC group structure
Red Supported Living Cic has no subsidiary companies.
Ultimate parent company
RED SUPPORTED LIVING CIC
10968060
red supported living cic directors
Red Supported Living Cic currently has 4 directors. The longest serving directors include Mr Mike Cherrington (Sep 2017) and Mrs Yvonne Cherrington (Sep 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mike Cherrington | England | 58 years | Sep 2017 | - | Director |
| Mrs Yvonne Cherrington | England | 59 years | Sep 2017 | - | Director |
| Mrs Beverley Lambert | England | 63 years | Jan 2021 | - | Director |
| Mr Andrew Cannings | England | 70 years | Jan 2021 | - | Director |
P&L
September 2023turnover
527k
+2%
operating profit
28k
+114%
gross margin
93.4%
-2.95%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
66.5k
+0.65%
total assets
117.5k
+0.25%
cash
56.6k
+0.37%
net assets
Total assets minus all liabilities
red supported living cic company details
company number
10968060
Type
Private Ltd By Guarantee w/o Share Cap
industry
55900 - Other accommodation
incorporation date
September 2017
age
7
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
September 2023
address
red supported living cic, 1a north street,, ferryhill, co. durham, DL17 8HX
accountant
-
auditor
-
red supported living cic 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 red supported living cic.
red supported living cic Companies House Filings - See Documents
| date | description | view/download |
|---|
