unit 5a, number one industrial estate, consett, durham, DH8 6SR
Website
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redemption foods 2 limitedEstimated Valuation
£1.1m
Pomanda estimates the enterprise value of REDEMPTION FOODS 2 LIMITED at £1.1m based on a Turnover of £2.4m and 0.46x industry multiple (adjusted for size and gross margin).
redemption foods 2 limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of REDEMPTION FOODS 2 LIMITED at £0 based on an EBITDA of £-214.4k and a 3.75x industry multiple (adjusted for size and gross margin).
redemption foods 2 limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of REDEMPTION FOODS 2 LIMITED at £0 based on Net Assets of £-157.3k and 2.04x industry multiple (adjusted for liquidity).
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Redemption Foods 2 LimitedOverview
Redemption Foods 2 Limited is a live company located in consett, DH8 6SR with a Companies House number of 14227838. It operates in the manufacture of condiments and seasonings sector, SIC Code 10840. Founded in July 2022, it's largest shareholder is
r c property development ltd
with a 51% stake. Redemption Foods 2 Limited is a startup,
small sized company, Pomanda has estimated its turnover at
£2.4m with
unknown
growth in recent years.
Pomanda's financial health check has awarded Redemption Foods 2 Limited 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
Health Rating2out of 5
3 Strong
2 Regular
6 Weak
Size
annual sales of £2.4m, make it smaller than the average company (£25.2m)
£2.4m - Redemption Foods 2 Limited
£25.2m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - Redemption Foods 2 Limited
- - Industry AVG
Production
with a gross margin of 25%, this company has a comparable cost of product (25%)
25% - Redemption Foods 2 Limited
25% - Industry AVG
Profitability
an operating margin of -9.8% make it less profitable than the average company (3.6%)
-9.8% - Redemption Foods 2 Limited
3.6% - Industry AVG
Employees
with 21 employees, this is below the industry average (110)
21 - Redemption Foods 2 Limited
110 - Industry AVG
Pay Structure
on an average salary of £36.5k, the company has an equivalent pay structure (£36.5k)
£36.5k - Redemption Foods 2 Limited
£36.5k - Industry AVG
Efficiency
resulting in sales per employee of £114.7k, this is less efficient (£247.7k)
£114.7k - Redemption Foods 2 Limited
£247.7k - Industry AVG
Debtor Days
it gets paid by customers after 27 days, this is earlier than average (43 days)
27 days - Redemption Foods 2 Limited
43 days - Industry AVG
Creditor Days
its suppliers are paid after 56 days, this is slower than average (43 days)
56 days - Redemption Foods 2 Limited
43 days - Industry AVG
Stock Days
it holds stock equivalent to 18 days, this is less than average (43 days)
18 days - Redemption Foods 2 Limited
43 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 5 weeks, this is less cash available to meet short term requirements (7 weeks)
5 weeks - Redemption Foods 2 Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 128.5%, this is a higher level of debt than the average (61%)
128.5% - Redemption Foods 2 Limited
61% - Industry AVG
REDEMPTION FOODS 2 LIMITED financials
EXPORT
Redemption Foods 2 Limited's latest turnover from March 2024 is estimated at £2.4 million and the company has net assets of -£157.3 thousand. According to their latest financial statements, Redemption Foods 2 Limited has 21 employees and maintains cash reserves of £59.2 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Turnover
2,409,036
2,049,842
Other Income Or Grants
Cost Of Sales
1,806,594
1,559,293
Gross Profit
602,442
490,549
Admin Expenses
839,452
679,592
Operating Profit
-237,010
-189,043
Interest Payable
24,000
10,250
Interest Receivable
2,312
614
Pre-Tax Profit
-258,698
-198,679
Tax
Profit After Tax
-258,698
-198,679
Dividends Paid
Retained Profit
-258,698
-198,679
Employee Costs
765,669
664,720
Number Of Employees
21
19
EBITDA*
-214,379
-181,458
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Tangible Assets
108,657
77,227
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
108,657
77,227
Stock & work in progress
90,501
94,587
Trade Debtors
183,152
169,735
Group Debtors
Misc Debtors
109,639
111,519
Cash
59,157
28,905
misc current assets
total current assets
442,449
404,746
total assets
551,106
481,973
Bank overdraft
Bank loan
Trade Creditors
277,853
205,899
Group/Directors Accounts
other short term finances
40,000
30,000
hp & lease commitments
other current liabilities
203,863
182,853
total current liabilities
521,716
418,752
loans
186,667
170,000
hp & lease commitments
Accruals and Deferred Income
other liabilities
91,800
provisions
total long term liabilities
186,667
261,800
total liabilities
708,383
680,552
net assets
-157,277
-198,579
total shareholders funds
-157,277
-198,579
Mar 2024
Mar 2023
Operating Activities
Operating Profit
-237,010
-189,043
Depreciation
22,631
7,585
Amortisation
Tax
Stock
-4,086
94,587
Debtors
11,537
281,254
Creditors
71,954
205,899
Accruals and Deferred Income
21,010
182,853
Deferred Taxes & Provisions
Cash flow from operations
-128,866
-168,547
Investing Activities
capital expenditure
-54,061
-84,812
Change in Investments
cash flow from investments
-54,061
-84,812
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
10,000
30,000
Long term loans
16,667
170,000
Hire Purchase and Lease Commitments
other long term liabilities
-91,800
91,800
share issue
300,000
100
interest
-21,688
-9,636
cash flow from financing
213,179
282,264
cash and cash equivalents
cash
30,252
28,905
overdraft
change in cash
30,252
28,905
redemption foods 2 limited 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 redemption foods 2 limited. Get real-time insights into redemption foods 2 limited's credit score, group structure and payment trends.
Perform a competitor analysis for redemption foods 2 limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in DH8 area or any other competitors across 12 key performance metrics.
redemption foods 2 limited Ownership
REDEMPTION FOODS 2 LIMITED group structure
Redemption Foods 2 Limited has no subsidiary companies.
The largest shareholders in Redemption Foods 2 Limited include R C Property Development Ltd and Herring Holdings Ltd.
r c property development ltd
51%
herring holdings ltd
49%
redemption foods 2 limited directors
Redemption Foods 2 Limited currently has 2 directors.
The longest serving directors include
Mr Robert Clarke (Jul 2022) and
Mr William Salam (Jul 2022).
unit 5a, number one industrial estate, consett, durham, DH8 6SR
Bank
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Legal Advisor
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redemption foods 2 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 found 3 charges/mortgages relating to redemption foods 2 limited. Currently there are 2 open charges and 1 have been satisfied in the past.
redemption foods 2 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.
Click to start generating capital raising & share issue transactions for REDEMPTION FOODS 2 LIMITED. This can take several minutes, an email will notify you when this has completed.
redemption foods 2 limitedCompanies House Filings - See Documents
