redworx mep limited
redworx mep limited Company Information
Company Number
15205241
Website
-Registered Address
1 kings avenue, london, N21 3NA
Industry
Plumbing, heat and air-conditioning installation
Telephone
-
Next Accounts Due
January 2026
Group Structure
View All
Shareholders
gary alfred herbert 100%
redworx mep limited Estimated Valuation
Pomanda estimates the enterprise value of REDWORX MEP LIMITED at £3.2m based on a Turnover of £5.4m and 0.59x industry multiple (adjusted for size and gross margin).
redworx mep limited Estimated Valuation
Pomanda estimates the enterprise value of REDWORX MEP LIMITED at £2.8m based on an EBITDA of £448.6k and a 6.19x industry multiple (adjusted for size and gross margin).
redworx mep limited Estimated Valuation
Pomanda estimates the enterprise value of REDWORX MEP LIMITED at £1.1m based on Net Assets of £347.1k and 3.13x industry multiple (adjusted for liquidity).
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Redworx Mep Limited Overview
Redworx Mep Limited is a live company located in london, N21 3NA with a Companies House number of 15205241. It operates in the plumbing, heat and air-conditioning installation sector, SIC Code 43220. Founded in October 2023, it's largest shareholder is gary alfred herbert with a 100% stake. Redworx Mep Limited is a new, mid sized company, Pomanda has estimated its turnover at £5.4m with unknown growth in recent years.
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Redworx Mep Limited Health Check
Pomanda's financial health check has awarded Redworx Mep Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 2 areas for improvement. Company Health Check FAQs
4 Strong
4 Regular
2 Weak
Size
annual sales of £5.4m, make it larger than the average company (£238.3k)
- Redworx Mep Limited
£238.3k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Redworx Mep Limited
- - Industry AVG
Production
with a gross margin of 30.3%, this company has a comparable cost of product (30.3%)
- Redworx Mep Limited
30.3% - Industry AVG
Profitability
an operating margin of 8.3% make it as profitable than the average company (7%)
- Redworx Mep Limited
7% - Industry AVG
Employees
with 9 employees, this is above the industry average (3)
9 - Redworx Mep Limited
3 - Industry AVG
Pay Structure
on an average salary of £32.9k, the company has an equivalent pay structure (£32.9k)
- Redworx Mep Limited
£32.9k - Industry AVG
Efficiency
resulting in sales per employee of £600.4k, this is more efficient (£114k)
- Redworx Mep Limited
£114k - Industry AVG
Debtor Days
it gets paid by customers after 70 days, this is later than average (49 days)
- Redworx Mep Limited
49 days - Industry AVG
Creditor Days
its suppliers are paid after 104 days, this is slower than average (47 days)
- Redworx Mep Limited
47 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Redworx Mep Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 22 weeks, this is average cash available to meet short term requirements (19 weeks)
22 weeks - Redworx Mep Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 79.9%, this is a higher level of debt than the average (64.5%)
79.9% - Redworx Mep Limited
64.5% - Industry AVG
REDWORX MEP LIMITED financials
Redworx Mep Limited's latest turnover from April 2024 is estimated at £5.4 million and the company has net assets of £347.1 thousand. According to their latest financial statements, Redworx Mep Limited has 9 employees and maintains cash reserves of £588.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2024 | |
|---|---|
| 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 | 9 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2024 | |
|---|---|
| Tangible Assets | 4,376 |
| Intangible Assets | 0 |
| Investments & Other | 0 |
| Debtors (Due After 1 year) | 0 |
| Total Fixed Assets | 4,376 |
| Stock & work in progress | 0 |
| Trade Debtors | 1,040,259 |
| Group Debtors | 0 |
| Misc Debtors | 97,595 |
| Cash | 588,142 |
| misc current assets | 0 |
| total current assets | 1,725,996 |
| total assets | 1,730,372 |
| Bank overdraft | 0 |
| Bank loan | 0 |
| Trade Creditors | 1,083,737 |
| Group/Directors Accounts | 0 |
| other short term finances | 0 |
| hp & lease commitments | 0 |
| other current liabilities | 299,528 |
| total current liabilities | 1,383,265 |
| loans | 0 |
| hp & lease commitments | 0 |
| Accruals and Deferred Income | 0 |
| other liabilities | 0 |
| provisions | 0 |
| total long term liabilities | 0 |
| total liabilities | 1,383,265 |
| net assets | 347,107 |
| total shareholders funds | 347,107 |
| Apr 2024 | |
|---|---|
| Operating Activities | |
| Operating Profit | |
| Depreciation | 578 |
| Amortisation | 0 |
| Tax | |
| Stock | 0 |
| Debtors | 1,137,854 |
| Creditors | 1,083,737 |
| Accruals and Deferred Income | 299,528 |
| Deferred Taxes & Provisions | 0 |
| Cash flow from operations | |
| Investing Activities | |
| capital expenditure | |
| Change in Investments | 0 |
| cash flow from investments | |
| Financing Activities | |
| Bank loans | 0 |
| Group/Directors Accounts | 0 |
| Other Short Term Loans | 0 |
| Long term loans | 0 |
| Hire Purchase and Lease Commitments | 0 |
| other long term liabilities | 0 |
| share issue | |
| interest | |
| cash flow from financing | |
| cash and cash equivalents | |
| cash | 588,142 |
| overdraft | 0 |
| change in cash | 588,142 |
redworx mep limited Credit Report and Business Information
Redworx Mep Limited Competitor Analysis
Perform a competitor analysis for redworx mep limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other mid companies, companies in N21 area or any other competitors across 12 key performance metrics.
redworx mep limited Ownership
REDWORX MEP LIMITED group structure
Redworx Mep Limited has no subsidiary companies.
Ultimate parent company
REDWORX MEP LIMITED
15205241
redworx mep limited directors
Redworx Mep Limited currently has 5 directors. The longest serving directors include Mr Gary Herbert (Oct 2023) and Alex Feddon (Oct 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Gary Herbert | United Kingdom | 62 years | Oct 2023 | - | Director |
| Alex Feddon | United Kingdom | 37 years | Oct 2023 | - | Director |
| Mr Jamie Wood | United Kingdom | 43 years | Oct 2023 | - | Director |
| Mr Robert Smith | United Kingdom | 34 years | Feb 2024 | - | Director |
| Mr Michal Zontek | United Kingdom | 34 years | Sep 2024 | - | Director |
P&L
April 2024turnover
5.4m
0%
operating profit
448k
0%
gross margin
30.3%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2024net assets
347.1k
0%
total assets
1.7m
0%
cash
588.1k
0%
net assets
Total assets minus all liabilities
Similar Companies
redworx mep limited company details
company number
15205241
Type
Private limited with Share Capital
industry
43220 - Plumbing, heat and air-conditioning installation
incorporation date
October 2023
age
1
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
April 2024
previous names
N/A
accountant
AGK PARTNERS
auditor
-
address
1 kings avenue, london, N21 3NA
Bank
-
Legal Advisor
-
redworx mep 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 redworx mep limited.
redworx mep limited Companies House Filings - See Documents
| date | description | view/download |
|---|
