red skys group limited
red skys group limited Company Information
Company Number
13421955
Next Accounts
9 days late
Shareholders
charnjit singh bhangu
harveer kaur bhangu
Group Structure
View All
Industry
Buying and selling of own real estate
+2Registered Address
31 knottsall lane, oldbury, B68 9LG
Website
-red skys group limited Estimated Valuation
Pomanda estimates the enterprise value of RED SKYS GROUP LIMITED at £177.1k based on a Turnover of £88.9k and 1.99x industry multiple (adjusted for size and gross margin).
red skys group limited Estimated Valuation
Pomanda estimates the enterprise value of RED SKYS GROUP LIMITED at £0 based on an EBITDA of £-420 and a 4.56x industry multiple (adjusted for size and gross margin).
red skys group limited Estimated Valuation
Pomanda estimates the enterprise value of RED SKYS GROUP LIMITED at £0 based on Net Assets of £-320 and 1.72x industry multiple (adjusted for liquidity).
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Red Skys Group Limited Overview
Red Skys Group Limited is a live company located in oldbury, B68 9LG with a Companies House number of 13421955. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in May 2021, it's largest shareholder is charnjit singh bhangu with a 50% stake. Red Skys Group Limited is a startup, micro sized company, Pomanda has estimated its turnover at £88.9k with unknown growth in recent years.
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Red Skys Group Limited Health Check
Pomanda's financial health check has awarded Red Skys Group Limited a 1.5 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 £88.9k, make it smaller than the average company (£665.3k)
- Red Skys Group Limited
£665.3k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Red Skys Group Limited
- - Industry AVG
Production
with a gross margin of 24.3%, this company has a higher cost of product (71%)
- Red Skys Group Limited
71% - Industry AVG
Profitability
an operating margin of -0.5% make it less profitable than the average company (21.1%)
- Red Skys Group Limited
21.1% - Industry AVG
Employees
with 2 employees, this is below the industry average (4)
2 - Red Skys Group Limited
4 - Industry AVG
Pay Structure
on an average salary of £35.6k, the company has an equivalent pay structure (£35.6k)
- Red Skys Group Limited
£35.6k - Industry AVG
Efficiency
resulting in sales per employee of £44.4k, this is less efficient (£153.9k)
- Red Skys Group Limited
£153.9k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (36 days)
- Red Skys Group Limited
36 days - Industry AVG
Creditor Days
its suppliers are paid after 1086 days, this is slower than average (33 days)
- Red Skys Group Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Red Skys Group Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Red Skys Group Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 100.2%, this is a higher level of debt than the average (61.7%)
100.2% - Red Skys Group Limited
61.7% - Industry AVG
RED SKYS GROUP LIMITED financials
Red Skys Group Limited's latest turnover from May 2023 is estimated at £88.9 thousand and the company has net assets of -£320. According to their latest financial statements, Red Skys Group Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | |
|---|---|---|
| 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 | 2 | 2 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | |
|---|---|---|
| Tangible Assets | 200,000 | 200,000 |
| Intangible Assets | ||
| Investments & Other | ||
| Debtors (Due After 1 year) | ||
| Total Fixed Assets | 200,000 | 200,000 |
| Stock & work in progress | ||
| Trade Debtors | 100 | 100 |
| Group Debtors | ||
| Misc Debtors | ||
| Cash | ||
| misc current assets | ||
| total current assets | 100 | 100 |
| total assets | 200,100 | 200,100 |
| Bank overdraft | ||
| Bank loan | ||
| Trade Creditors | 200,240 | 200,000 |
| Group/Directors Accounts | ||
| other short term finances | ||
| hp & lease commitments | ||
| other current liabilities | ||
| total current liabilities | 200,240 | 200,000 |
| loans | ||
| hp & lease commitments | ||
| Accruals and Deferred Income | 180 | |
| other liabilities | ||
| provisions | ||
| total long term liabilities | 180 | |
| total liabilities | 200,420 | 200,000 |
| net assets | -320 | 100 |
| total shareholders funds | -320 | 100 |
| May 2023 | May 2022 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | ||
| Depreciation | ||
| Amortisation | ||
| Tax | ||
| Stock | ||
| Debtors | 100 | |
| Creditors | 240 | 200,000 |
| Accruals and Deferred Income | 180 | |
| Deferred Taxes & Provisions | ||
| Cash flow from operations | ||
| Investing Activities | ||
| capital expenditure | ||
| Change in Investments | ||
| cash flow from investments | ||
| 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 skys group limited Credit Report and Business Information
Red Skys Group Limited Competitor Analysis
Perform a competitor analysis for red skys group limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in B68 area or any other competitors across 12 key performance metrics.
red skys group limited Ownership
RED SKYS GROUP LIMITED group structure
Red Skys Group Limited has no subsidiary companies.
Ultimate parent company
RED SKYS GROUP LIMITED
13421955
red skys group limited directors
Red Skys Group Limited currently has 2 directors. The longest serving directors include Mr Charnjit Bhangu (May 2021) and Mrs Harveer Bhangu (May 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Charnjit Bhangu | England | 46 years | May 2021 | - | Director |
| Mrs Harveer Bhangu | England | 41 years | May 2021 | - | Director |
P&L
May 2023turnover
88.9k
+10%
operating profit
-420
0%
gross margin
24.4%
-0.23%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
-320
-4.2%
total assets
200.1k
0%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
red skys group limited company details
company number
13421955
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.
68100 - Buying and selling of own real estate
68320 - Management of real estate on a fee or contract basis
incorporation date
May 2021
age
4
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
May 2023
previous names
N/A
accountant
APM ACCOUNTANTS LIMITED
auditor
-
address
31 knottsall lane, oldbury, B68 9LG
Bank
-
Legal Advisor
-
red skys group limited 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 skys group limited.
red skys group limited 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 skys group limited Companies House Filings - See Documents
| date | description | view/download |
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