redenet ltd
redenet ltd Company Information
Company Number
11358925
Next Accounts
Feb 2025
Directors
Shareholders
timothy william sherred
Group Structure
View All
Industry
Data processing, hosting and related activities
Registered Address
7 round copse, dibden, southampton, SO45 5WN
Website
corewebdesigns.comredenet ltd Estimated Valuation
Pomanda estimates the enterprise value of REDENET LTD at £27.4k based on a Turnover of £36.9k and 0.74x industry multiple (adjusted for size and gross margin).
redenet ltd Estimated Valuation
Pomanda estimates the enterprise value of REDENET LTD at £0 based on an EBITDA of £-3.1k and a 3.74x industry multiple (adjusted for size and gross margin).
redenet ltd Estimated Valuation
Pomanda estimates the enterprise value of REDENET LTD at £0 based on Net Assets of £-14.4k and 2.39x industry multiple (adjusted for liquidity).
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Redenet Ltd Overview
Redenet Ltd is a live company located in southampton, SO45 5WN with a Companies House number of 11358925. It operates in the data processing, hosting and related activities sector, SIC Code 63110. Founded in May 2018, it's largest shareholder is timothy william sherred with a 100% stake. Redenet Ltd is a young, micro sized company, Pomanda has estimated its turnover at £36.9k with healthy growth in recent years.
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Redenet Ltd Health Check
Pomanda's financial health check has awarded Redenet Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
6 Weak
Size
annual sales of £36.9k, make it smaller than the average company (£5.5m)
- Redenet Ltd
£5.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a faster rate (2.5%)
- Redenet Ltd
2.5% - Industry AVG
Production
with a gross margin of 32.8%, this company has a higher cost of product (64.2%)
- Redenet Ltd
64.2% - Industry AVG
Profitability
an operating margin of -8.5% make it less profitable than the average company (4.6%)
- Redenet Ltd
4.6% - Industry AVG
Employees
with 1 employees, this is below the industry average (35)
1 - Redenet Ltd
35 - Industry AVG
Pay Structure
on an average salary of £72.6k, the company has an equivalent pay structure (£72.6k)
- Redenet Ltd
£72.6k - Industry AVG
Efficiency
resulting in sales per employee of £36.9k, this is less efficient (£165.8k)
- Redenet Ltd
£165.8k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (56 days)
- Redenet Ltd
56 days - Industry AVG
Creditor Days
its suppliers are paid after 232 days, this is slower than average (39 days)
- Redenet Ltd
39 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Redenet Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Redenet Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 1160.6%, this is a higher level of debt than the average (56.7%)
1160.6% - Redenet Ltd
56.7% - Industry AVG
REDENET LTD financials
Redenet Ltd's latest turnover from May 2023 is estimated at £36.9 thousand and the company has net assets of -£14.4 thousand. According to their latest financial statements, Redenet Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | |
|---|---|---|---|---|---|
| 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 | 1 | 1 | 1 | 1 | 1 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 1,293 | 1,293 | 613 | 137 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,293 | 1,293 | 613 | 137 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 66 | 0 | 0 | 544 | 144 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 66 | 0 | 0 | 544 | 144 |
| total assets | 1,359 | 1,293 | 613 | 681 | 144 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 15,773 | 12,586 | 8,170 | 4,257 | 2,269 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 15,773 | 12,586 | 8,170 | 4,257 | 2,269 |
| loans | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 15,773 | 12,586 | 8,170 | 4,257 | 2,269 |
| net assets | -14,414 | -11,293 | -7,557 | -3,576 | -2,125 |
| total shareholders funds | -14,414 | -11,293 | -7,557 | -3,576 | -2,125 |
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 0 | 0 | 0 | ||
| Amortisation | 0 | 0 | 0 | ||
| Tax | |||||
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | 66 | 0 | -544 | 400 | 144 |
| Creditors | 3,187 | 4,416 | 3,913 | 1,988 | 2,269 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 |
redenet ltd Credit Report and Business Information
Redenet Ltd Competitor Analysis
Perform a competitor analysis for redenet ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in SO45 area or any other competitors across 12 key performance metrics.
redenet ltd Ownership
REDENET LTD group structure
Redenet Ltd has no subsidiary companies.
Ultimate parent company
REDENET LTD
11358925
redenet ltd directors
Redenet Ltd currently has 1 director, Mr Timothy Sherred serving since May 2018.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Timothy Sherred | United Kingdom | 59 years | May 2018 | - | Director |
P&L
May 2023turnover
36.9k
-45%
operating profit
-3.1k
0%
gross margin
32.8%
+9.86%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
-14.4k
+0.28%
total assets
1.4k
+0.05%
cash
0
0%
net assets
Total assets minus all liabilities
redenet ltd company details
company number
11358925
Type
Private limited with Share Capital
industry
63110 - Data processing, hosting and related activities
incorporation date
May 2018
age
7
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
May 2023
previous names
core web designs ltd (December 2022)
accountant
-
auditor
-
address
7 round copse, dibden, southampton, SO45 5WN
Bank
-
Legal Advisor
-
redenet 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 redenet ltd.
redenet ltd Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for REDENET LTD. This can take several minutes, an email will notify you when this has completed.
redenet ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
