rednow developments ltd
rednow developments ltd Company Information
Company Number
12696646
Website
-Registered Address
ground floor office 2 carnegie c, the broadway, slough, SL2 3GQ
Industry
Renting and operating of Housing Association real estate
Buying and selling of own real estate
Telephone
-
Next Accounts Due
March 2025
Group Structure
View All
Shareholders
ian carey 50%
emily thorpe-jones 50%
rednow developments ltd Estimated Valuation
Pomanda estimates the enterprise value of REDNOW DEVELOPMENTS LTD at £675.3k based on a Turnover of £320.3k and 2.11x industry multiple (adjusted for size and gross margin).
rednow developments ltd Estimated Valuation
Pomanda estimates the enterprise value of REDNOW DEVELOPMENTS LTD at £0 based on an EBITDA of £-15.3k and a 4.56x industry multiple (adjusted for size and gross margin).
rednow developments ltd Estimated Valuation
Pomanda estimates the enterprise value of REDNOW DEVELOPMENTS LTD at £0 based on Net Assets of £-5.4k and 1.75x industry multiple (adjusted for liquidity).
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Rednow Developments Ltd Overview
Rednow Developments Ltd is a live company located in slough, SL2 3GQ with a Companies House number of 12696646. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in June 2020, it's largest shareholder is ian carey with a 50% stake. Rednow Developments Ltd is a startup, micro sized company, Pomanda has estimated its turnover at £320.3k with unknown growth in recent years.
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Rednow Developments Ltd Health Check
Pomanda's financial health check has awarded Rednow Developments Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
6 Weak
Size
annual sales of £320.3k, make it smaller than the average company (£1.1m)
- Rednow Developments Ltd
£1.1m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Rednow Developments Ltd
- - Industry AVG
Production
with a gross margin of 26.6%, this company has a higher cost of product (67.8%)
- Rednow Developments Ltd
67.8% - Industry AVG
Profitability
an operating margin of -4.8% make it less profitable than the average company (23.5%)
- Rednow Developments Ltd
23.5% - Industry AVG
Employees
with 1 employees, this is below the industry average (4)
- Rednow Developments Ltd
4 - Industry AVG
Pay Structure
on an average salary of £34.7k, the company has an equivalent pay structure (£34.7k)
- Rednow Developments Ltd
£34.7k - Industry AVG
Efficiency
resulting in sales per employee of £320.3k, this is more efficient (£173.3k)
- Rednow Developments Ltd
£173.3k - Industry AVG
Debtor Days
it gets paid by customers after 80 days, this is later than average (25 days)
- Rednow Developments Ltd
25 days - Industry AVG
Creditor Days
its suppliers are paid after 192 days, this is slower than average (32 days)
- Rednow Developments Ltd
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Rednow Developments Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Rednow Developments Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 102.9%, this is a higher level of debt than the average (63.3%)
102.9% - Rednow Developments Ltd
63.3% - Industry AVG
REDNOW DEVELOPMENTS LTD financials
Rednow Developments Ltd's latest turnover from June 2023 is estimated at £320.3 thousand and the company has net assets of -£5.4 thousand. According to their latest financial statements, we estimate that Rednow Developments Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | |
|---|---|---|---|
| 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 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | |
|---|---|---|---|
| Tangible Assets | 120,000 | 120,000 | 106,785 |
| Intangible Assets | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 |
| Total Fixed Assets | 120,000 | 120,000 | 106,785 |
| Stock & work in progress | 0 | 0 | 0 |
| Trade Debtors | 70,317 | 36,693 | 0 |
| Group Debtors | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 |
| Cash | 0 | 0 | 42,870 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 70,317 | 36,693 | 42,870 |
| total assets | 190,317 | 156,693 | 149,655 |
| Bank overdraft | 0 | 0 | 1,970 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 124,045 | 73,649 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 701 | 0 | 71,979 |
| total current liabilities | 124,746 | 73,649 | 73,949 |
| loans | 0 | 0 | 74,905 |
| hp & lease commitments | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| other liabilities | 70,991 | 73,157 | 0 |
| provisions | 0 | 0 | 0 |
| total long term liabilities | 70,991 | 73,157 | 74,905 |
| total liabilities | 195,737 | 146,806 | 148,854 |
| net assets | -5,420 | 9,887 | 801 |
| total shareholders funds | -5,420 | 9,887 | 801 |
| Jun 2023 | Jun 2022 | Jun 2021 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 |
| Tax | |||
| Stock | 0 | 0 | 0 |
| Debtors | 33,624 | 36,693 | 0 |
| Creditors | 50,396 | 73,649 | 0 |
| Accruals and Deferred Income | 701 | -71,979 | 71,979 |
| Deferred Taxes & Provisions | 0 | 0 | 0 |
| Cash flow from operations | |||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | 0 | 0 | 0 |
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 |
| Long term loans | 0 | -74,905 | 74,905 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 |
| other long term liabilities | -2,166 | 73,157 | 0 |
| share issue | |||
| interest | |||
| cash flow from financing | |||
| cash and cash equivalents | |||
| cash | 0 | -42,870 | 42,870 |
| overdraft | 0 | -1,970 | 1,970 |
| change in cash | 0 | -40,900 | 40,900 |
rednow developments ltd Credit Report and Business Information
Rednow Developments Ltd Competitor Analysis
Perform a competitor analysis for rednow developments ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in SL2 area or any other competitors across 12 key performance metrics.
rednow developments ltd Ownership
REDNOW DEVELOPMENTS LTD group structure
Rednow Developments Ltd has no subsidiary companies.
Ultimate parent company
REDNOW DEVELOPMENTS LTD
12696646
rednow developments ltd directors
Rednow Developments Ltd currently has 3 directors. The longest serving directors include Mr Ian Carey (Jun 2020) and Miss Emily Thorpe-Jones (Jun 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ian Carey | United Kingdom | 46 years | Jun 2020 | - | Director |
| Miss Emily Thorpe-Jones | United Kingdom | 37 years | Jun 2020 | - | Director |
| Mr Ian Carey | England | 46 years | Jun 2020 | - | Director |
P&L
June 2023turnover
320.3k
+97%
operating profit
-15.3k
0%
gross margin
26.7%
+1.81%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
-5.4k
-1.55%
total assets
190.3k
+0.21%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
rednow developments ltd company details
company number
12696646
Type
Private limited with Share Capital
industry
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
68201 - Renting and operating of Housing Association real estate
68100 - Buying and selling of own real estate
incorporation date
June 2020
age
4
incorporated
UK
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
last accounts submitted
June 2023
address
ground floor office 2 carnegie c, the broadway, slough, SL2 3GQ
accountant
-
auditor
-
rednow developments 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 rednow developments ltd. Currently there are 1 open charges and 0 have been satisfied in the past.
rednow developments ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
