reditum spv 46 ltd
reditum spv 46 ltd Company Information
Company Number
11467333
Next Accounts
187 days late
Shareholders
reditum lending spv holdings ltd
Group Structure
View All
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.
Registered Address
the waterscape, 42 leeds & bradford road, leeds, west yorkshire, LS5 3EG
Website
www.reditumcapital.comreditum spv 46 ltd Estimated Valuation
Pomanda estimates the enterprise value of REDITUM SPV 46 LTD at £838.9k based on a Turnover of £636.1k and 1.32x industry multiple (adjusted for size and gross margin).
reditum spv 46 ltd Estimated Valuation
Pomanda estimates the enterprise value of REDITUM SPV 46 LTD at £0 based on an EBITDA of £-28.3k and a 4.81x industry multiple (adjusted for size and gross margin).
reditum spv 46 ltd Estimated Valuation
Pomanda estimates the enterprise value of REDITUM SPV 46 LTD at £0 based on Net Assets of £-377k and 1.89x industry multiple (adjusted for liquidity).
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Reditum Spv 46 Ltd Overview
Reditum Spv 46 Ltd is a live company located in leeds, LS5 3EG with a Companies House number of 11467333. It operates in the other credit granting n.e.c. sector, SIC Code 64929. Founded in July 2018, it's largest shareholder is reditum lending spv holdings ltd with a 100% stake. Reditum Spv 46 Ltd is a young, small sized company, Pomanda has estimated its turnover at £636.1k with rapid growth in recent years.
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Reditum Spv 46 Ltd Health Check
Pomanda's financial health check has awarded Reditum Spv 46 Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
7 Weak
Size
annual sales of £636.1k, make it smaller than the average company (£3.6m)
- Reditum Spv 46 Ltd
£3.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 1944%, show it is growing at a faster rate (2.9%)
- Reditum Spv 46 Ltd
2.9% - Industry AVG
Production
with a gross margin of 67.8%, this company has a comparable cost of product (67.8%)
- Reditum Spv 46 Ltd
67.8% - Industry AVG
Profitability
an operating margin of -4.4% make it less profitable than the average company (25.8%)
- Reditum Spv 46 Ltd
25.8% - Industry AVG
Employees
with 2 employees, this is below the industry average (5)
2 - Reditum Spv 46 Ltd
5 - Industry AVG
Pay Structure
on an average salary of £66.1k, the company has an equivalent pay structure (£66.1k)
- Reditum Spv 46 Ltd
£66.1k - Industry AVG
Efficiency
resulting in sales per employee of £318k, this is less efficient (£394k)
- Reditum Spv 46 Ltd
£394k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Reditum Spv 46 Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 2 days, this is quicker than average (23 days)
- Reditum Spv 46 Ltd
23 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Reditum Spv 46 Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (12 weeks)
0 weeks - Reditum Spv 46 Ltd
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 104.4%, this is a higher level of debt than the average (91.6%)
104.4% - Reditum Spv 46 Ltd
91.6% - Industry AVG
REDITUM SPV 46 LTD financials
Reditum Spv 46 Ltd's latest turnover from December 2022 is estimated at £636.1 thousand and the company has net assets of -£377 thousand. According to their latest financial statements, Reditum Spv 46 Ltd has 2 employees and maintains cash reserves of £985 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Jul 2019 | |
|---|---|---|---|---|
| Turnover | ||||
| Other Income Or Grants | ||||
| Cost Of Sales | ||||
| Gross Profit | ||||
| Admin Expenses | ||||
| Operating Profit | -367,639 | |||
| Interest Payable | 1,003,591 | |||
| Interest Receivable | 975,598 | |||
| Pre-Tax Profit | -395,632 | |||
| Tax | ||||
| Profit After Tax | -395,632 | |||
| Dividends Paid | ||||
| Retained Profit | -395,632 | |||
| Employee Costs | ||||
| Number Of Employees | 2 | 2 | ||
| EBITDA* | -367,639 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Jul 2019 | |
|---|---|---|---|---|
| Tangible Assets | ||||
| Intangible Assets | ||||
| Investments & Other | 1 | |||
| Debtors (Due After 1 year) | 8,521,462 | 7,880,480 | 8,805,257 | |
| Total Fixed Assets | 8,521,463 | 7,880,480 | 8,805,257 | |
| Stock & work in progress | ||||
| Trade Debtors | 124 | |||
| Group Debtors | 5,283 | |||
| Misc Debtors | 143 | 100 | 272 | |
| Cash | 985 | 23 | 270 | |
| misc current assets | ||||
| total current assets | 6,411 | 124 | 542 | 124 |
| total assets | 8,527,874 | 7,880,604 | 8,805,799 | 124 |
| Bank overdraft | ||||
| Bank loan | ||||
| Trade Creditors | 1,197 | 340 | 10,649 | |
| Group/Directors Accounts | 1,082,114 | 984,672 | ||
| other short term finances | ||||
| hp & lease commitments | ||||
| other current liabilities | 1,356 | 1,431 | 3,237 | |
| total current liabilities | 1,084,667 | 986,443 | 13,886 | |
| loans | 1,094,126 | |||
| hp & lease commitments | ||||
| Accruals and Deferred Income | ||||
| other liabilities | 7,820,162 | 7,242,819 | 8,093,195 | |
| provisions | ||||
| total long term liabilities | 7,820,163 | 7,242,820 | 9,187,321 | |
| total liabilities | 8,904,830 | 8,229,263 | 9,201,207 | |
| net assets | -376,956 | -348,659 | -395,408 | 124 |
| total shareholders funds | -376,956 | -348,659 | -395,408 | 124 |
| Dec 2022 | Dec 2021 | Dec 2020 | Jul 2019 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | -367,639 | |||
| Depreciation | ||||
| Amortisation | ||||
| Tax | ||||
| Stock | ||||
| Debtors | 646,308 | -924,949 | 8,805,405 | 124 |
| Creditors | 857 | -10,309 | 10,649 | |
| Accruals and Deferred Income | -75 | -1,806 | 3,237 | |
| Deferred Taxes & Provisions | ||||
| Cash flow from operations | -9,159,158 | |||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | ||||
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | ||||
| Group/Directors Accounts | 97,442 | 984,672 | ||
| Other Short Term Loans | ||||
| Long term loans | -1,094,126 | 1,094,126 | ||
| Hire Purchase and Lease Commitments | ||||
| other long term liabilities | 577,343 | -850,376 | 8,093,195 | |
| share issue | ||||
| interest | -27,993 | |||
| cash flow from financing | 9,159,428 | |||
| cash and cash equivalents | ||||
| cash | 961 | -247 | 270 | |
| overdraft | ||||
| change in cash | 961 | -247 | 270 |
reditum spv 46 ltd Credit Report and Business Information
Reditum Spv 46 Ltd Competitor Analysis
Perform a competitor analysis for reditum spv 46 ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in LS5 area or any other competitors across 12 key performance metrics.
reditum spv 46 ltd Ownership
REDITUM SPV 46 LTD group structure
Reditum Spv 46 Ltd has 1 subsidiary company.
Ultimate parent company
2 parents
REDITUM SPV 46 LTD
11467333
1 subsidiary
reditum spv 46 ltd directors
Reditum Spv 46 Ltd currently has 2 directors. The longest serving directors include Mr Mark Stephen (May 2023) and Mrs Lauren Stephen (Aug 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Stephen | England | 44 years | May 2023 | - | Director |
| Mrs Lauren Stephen | 35 years | Aug 2024 | - | Director |
P&L
December 2022turnover
636.1k
+8%
operating profit
-28.3k
0%
gross margin
67.9%
-5.83%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-377k
+0.08%
total assets
8.5m
+0.08%
cash
984.9
+41.02%
net assets
Total assets minus all liabilities
reditum spv 46 ltd company details
company number
11467333
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
July 2018
age
7
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2022
previous names
N/A
accountant
VISION CONSULTING ACCOUNTANTS LIMITED
auditor
-
address
the waterscape, 42 leeds & bradford road, leeds, west yorkshire, LS5 3EG
Bank
-
Legal Advisor
-
reditum spv 46 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 found 1 charges/mortgages relating to reditum spv 46 ltd. Currently there are 1 open charges and 0 have been satisfied in the past.
reditum spv 46 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 REDITUM SPV 46 LTD. This can take several minutes, an email will notify you when this has completed.
reditum spv 46 ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
