Pomanda estimates the enterprise value of RED CANNON DEVELOPMENTS LTD at £647.1k based on a Turnover of £1.9m and 0.34x industry multiple (adjusted for size and gross margin).
red cannon developments ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of RED CANNON DEVELOPMENTS LTD at £0 based on an EBITDA of £-43.3k and a 2.56x industry multiple (adjusted for size and gross margin).
red cannon developments ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of RED CANNON DEVELOPMENTS LTD at £0 based on Net Assets of £-120.1k and 1.39x industry multiple (adjusted for liquidity).
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Red Cannon Developments LtdOverview
Red Cannon Developments Ltd is a live company located in london, NW8 6EB with a Companies House number of 12786726. It operates in the development of building projects sector, SIC Code 41100. Founded in August 2020, it's largest shareholder is
mr marcus simon cooper
with a 75% stake. Red Cannon Developments Ltd is a young,
small sized company, Pomanda has estimated its turnover at
£1.9m with
rapid
growth in recent years.
Pomanda's financial health check has awarded Red Cannon Developments Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating3out of 5
3 Strong
2 Regular
5 Weak
Size
annual sales of £1.9m, make it in line with the average company (£2.3m)
£1.9m - Red Cannon Developments Ltd
£2.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 107%, show it is growing at a faster rate (6%)
107% - Red Cannon Developments Ltd
6% - Industry AVG
Production
with a gross margin of 9.1%, this company has a higher cost of product (26.2%)
9.1% - Red Cannon Developments Ltd
26.2% - Industry AVG
Profitability
an operating margin of -2.2% make it less profitable than the average company (7.5%)
-2.2% - Red Cannon Developments Ltd
7.5% - Industry AVG
Employees
with 2 employees, this is below the industry average (6)
2 - Red Cannon Developments Ltd
6 - Industry AVG
Pay Structure
on an average salary of £48.3k, the company has an equivalent pay structure (£48.3k)
£48.3k - Red Cannon Developments Ltd
£48.3k - Industry AVG
Efficiency
resulting in sales per employee of £962.7k, this is more efficient (£278.4k)
£962.7k - Red Cannon Developments Ltd
£278.4k - Industry AVG
Debtor Days
it gets paid by customers after 93 days, this is later than average (27 days)
93 days - Red Cannon Developments Ltd
27 days - Industry AVG
Creditor Days
its suppliers are paid after 132 days, this is slower than average (31 days)
132 days - Red Cannon Developments Ltd
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Red Cannon Developments Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Red Cannon Developments Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 123.3%, this is a higher level of debt than the average (73.8%)
123.3% - Red Cannon Developments Ltd
73.8% - Industry AVG
RED CANNON DEVELOPMENTS LTD financials
EXPORT
Red Cannon Developments Ltd's latest turnover from March 2024 is estimated at £1.9 million and the company has net assets of -£120.1 thousand. According to their latest financial statements, Red Cannon Developments Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Aug 2021
Turnover
1,925,488
964,696
385,704
218,252
Other Income Or Grants
Cost Of Sales
1,750,514
874,203
352,018
199,259
Gross Profit
174,974
90,493
33,686
18,994
Admin Expenses
218,290
145,149
44,810
29,953
Operating Profit
-43,316
-54,656
-11,124
-10,959
Interest Payable
Interest Receivable
Pre-Tax Profit
-43,316
-54,656
-11,124
-10,959
Tax
Profit After Tax
-43,316
-54,656
-11,124
-10,959
Dividends Paid
Retained Profit
-43,316
-54,656
-11,124
-10,959
Employee Costs
96,552
91,893
88,906
43,818
Number Of Employees
2
2
2
1
EBITDA*
-43,316
-54,656
-11,124
-10,959
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Aug 2021
Tangible Assets
21,453
Intangible Assets
Investments & Other
2,917
Debtors (Due After 1 year)
Total Fixed Assets
21,453
2,917
Stock & work in progress
Trade Debtors
494,884
242,792
92,159
46,200
Group Debtors
Misc Debtors
Cash
misc current assets
total current assets
494,884
242,792
92,159
46,200
total assets
516,337
242,792
95,076
46,200
Bank overdraft
Bank loan
Trade Creditors
636,392
319,531
117,159
57,159
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities
636,392
319,531
117,159
57,159
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
636,392
319,531
117,159
57,159
net assets
-120,055
-76,739
-22,083
-10,959
total shareholders funds
-120,055
-76,739
-22,083
-10,959
Mar 2024
Mar 2023
Mar 2022
Aug 2021
Operating Activities
Operating Profit
-43,316
-54,656
-11,124
-10,959
Depreciation
Amortisation
Tax
Stock
Debtors
252,092
150,633
45,959
46,200
Creditors
316,861
202,372
60,000
57,159
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations
21,453
-2,917
2,917
Investing Activities
capital expenditure
-21,453
Change in Investments
-2,917
2,917
cash flow from investments
-21,453
2,917
-2,917
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
interest
cash flow from financing
cash and cash equivalents
cash
overdraft
change in cash
red cannon developments ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for red cannon developments ltd. Get real-time insights into red cannon developments ltd's credit score, group structure and payment trends.
Perform a competitor analysis for red cannon developments ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in NW8 area or any other competitors across 12 key performance metrics.
red cannon developments ltd Ownership
RED CANNON DEVELOPMENTS LTD group structure
Red Cannon Developments Ltd has 2 subsidiary companies.
The largest shareholders in Red Cannon Developments Ltd include Mr Marcus Simon Cooper and Mr Daniel Max Simpson.
mr marcus simon cooper
75%
mr daniel max simpson
12.5%
mr jordan isaac weinfeld
12.5%
red cannon developments ltd directors
Red Cannon Developments Ltd currently has 3 directors.
The longest serving directors include
Mr Daniel Simpson (Aug 2020) and
Mr Jordan Weinfeld (Aug 2020).
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024
net assets
-120.1k
+0.56%
total assets
516.3k
+1.13%
cash
0
0%
net assets
Total assets minus all liabilities
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red cannon developments ltd company details
company number
12786726
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
August 2020
age
5
incorporated
UK
ultimate parent company
None
accounts
Micro-Entity Accounts
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
-
address
16 finchley road, st johns wood, london, NW8 6EB
Bank
-
Legal Advisor
-
red cannon 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 did not find charges/mortgages relating to red cannon developments ltd.
red cannon developments 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.
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red cannon developments ltdCompanies House Filings - See Documents
