Pomanda estimates the enterprise value of REDROCK MACHINERY LIMITED at £11.5m based on a Turnover of £22.8m and 0.51x industry multiple (adjusted for size and gross margin).
redrock machinery limitedEstimated Valuation
£8.5m
Pomanda estimates the enterprise value of REDROCK MACHINERY LIMITED at £8.5m based on an EBITDA of £1.7m and a 4.95x industry multiple (adjusted for size and gross margin).
redrock machinery limitedEstimated Valuation
£16.2m
Pomanda estimates the enterprise value of REDROCK MACHINERY LIMITED at £16.2m based on Net Assets of £7m and 2.32x industry multiple (adjusted for liquidity).
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Redrock Machinery LimitedOverview
Redrock Machinery Limited is a live company located in armagh, BT60 2BL with a Companies House number of NI602382. It operates in the manufacture of trailers and semi-trailers sector, SIC Code 29202. Founded in March 2010, it's largest shareholder is
redrock machinery group limited
with a 100% stake. Redrock Machinery Limited is a established,
large sized company, Pomanda has estimated its turnover at
£22.8m with
high
growth in recent years.
Pomanda's financial health check has awarded Redrock Machinery Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 2 areas for improvement. Company Health Check FAQs
Health Rating4out of 5
2 Strong
8 Regular
2 Weak
Size
annual sales of £22.8m, make it in line with the average company (£19.5m)
£22.8m - Redrock Machinery Limited
£19.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (10.3%)
17% - Redrock Machinery Limited
10.3% - Industry AVG
Production
with a gross margin of 20.1%, this company has a comparable cost of product (22.5%)
20.1% - Redrock Machinery Limited
22.5% - Industry AVG
Profitability
an operating margin of 5.9% make it as profitable than the average company (5.9%)
5.9% - Redrock Machinery Limited
5.9% - Industry AVG
Employees
with 129 employees, this is above the industry average (85)
129 - Redrock Machinery Limited
85 - Industry AVG
Pay Structure
on an average salary of £33.3k, the company has an equivalent pay structure (£39.9k)
£33.3k - Redrock Machinery Limited
£39.9k - Industry AVG
Efficiency
resulting in sales per employee of £176.7k, this is equally as efficient (£198.6k)
£176.7k - Redrock Machinery Limited
£198.6k - Industry AVG
Debtor Days
it gets paid by customers after 73 days, this is later than average (48 days)
73 days - Redrock Machinery Limited
48 days - Industry AVG
Creditor Days
its suppliers are paid after 58 days, this is close to average (55 days)
58 days - Redrock Machinery Limited
55 days - Industry AVG
Stock Days
it holds stock equivalent to 111 days, this is more than average (87 days)
111 days - Redrock Machinery Limited
87 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 9 weeks, this is average cash available to meet short term requirements (9 weeks)
9 weeks - Redrock Machinery Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 48.1%, this is a similar level of debt than the average (52.5%)
48.1% - Redrock Machinery Limited
52.5% - Industry AVG
REDROCK MACHINERY LIMITED financials
EXPORT
Redrock Machinery Limited's latest turnover from March 2024 is £22.8 million and the company has net assets of £7 million. According to their latest financial statements, Redrock Machinery Limited has 129 employees and maintains cash reserves of £1.1 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Turnover
22,795,197
23,039,465
16,928,098
14,306,518
11,533,286
10,291,009
9,643,501
9,107,010
7,472,135
8,384,670
8,415,342
7,131,846
5,219,644
4,673,176
Other Income Or Grants
Cost Of Sales
18,223,693
18,534,257
13,462,846
11,341,508
9,085,185
8,011,957
7,727,039
6,923,217
5,825,826
6,563,212
6,678,108
5,762,592
4,190,538
3,712,471
Gross Profit
4,571,504
4,505,208
3,465,252
2,965,010
2,448,101
2,279,052
1,916,462
2,183,794
1,646,309
1,821,458
1,737,234
1,369,254
1,029,106
960,705
Admin Expenses
3,223,856
3,031,245
2,627,289
2,005,414
1,487,220
1,560,347
1,377,756
1,522,614
1,557,859
1,284,495
1,176,228
587,587
529,775
479,538
Operating Profit
1,347,648
1,473,963
837,963
959,596
960,881
718,705
538,706
661,180
88,450
536,963
561,006
781,667
499,331
481,167
Interest Payable
27,378
23,144
9,670
9,019
5,698
2,439
2,164
747
368
36,722
36,722
Interest Receivable
574
311
69
1,772
2,231
2,452
3,259
2,271
686
273
Pre-Tax Profit
1,320,270
1,450,819
828,293
950,577
955,757
716,577
536,611
662,205
90,314
539,415
564,265
783,938
463,296
444,718
Tax
-326,587
-256,996
-144,396
-140,920
-50,383
-47,069
-45,877
-132,441
-18,063
-113,277
-129,781
-188,145
-120,457
-124,521
Profit After Tax
993,683
1,193,823
683,897
809,657
905,374
669,508
490,734
529,764
72,251
426,138
434,484
595,793
342,839
320,197
Dividends Paid
1,587,334
250,000
Retained Profit
993,683
1,193,823
683,897
809,657
-681,960
419,508
490,734
529,764
72,251
426,138
434,484
595,793
342,839
320,197
Employee Costs
4,292,189
3,794,167
3,252,468
2,833,302
2,301,570
1,986,036
1,824,126
1,446,212
1,411,186
1,647,688
1,542,905
1,420,111
988,572
972,981
Number Of Employees
129
124
110
90
78
70
62
48
48
58
53
49
34
34
EBITDA*
1,713,731
1,669,713
1,127,959
1,152,733
1,140,064
878,027
686,918
785,836
211,673
641,010
650,707
858,271
540,099
591,071
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Tangible Assets
1,551,863
1,775,047
1,753,585
1,161,054
797,763
1,933,406
1,683,984
1,513,253
1,319,002
1,325,477
1,250,703
1,266,809
1,109,814
1,364,850
Intangible Assets
11,900
10,198
2,784
4,155
6,202
9,257
13,816
20,621
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
1,551,863
1,775,047
1,753,585
1,161,054
797,763
1,933,406
1,695,884
1,523,451
1,321,786
1,329,632
1,256,905
1,276,066
1,123,630
1,385,471
Stock & work in progress
5,545,987
5,981,028
5,611,248
3,498,079
2,848,745
2,366,178
1,779,275
1,541,683
1,728,142
1,943,853
1,587,492
1,394,513
1,324,870
719,895
Trade Debtors
4,602,812
3,925,123
3,059,704
2,634,271
2,226,830
1,992,780
2,340,168
2,047,725
1,012,378
1,114,732
1,436,974
855,322
597,513
838,243
Group Debtors
181,892
76,012
80,643
160,000
172,978
6,701
2,164
8,833
Misc Debtors
441,785
696,593
410,943
73,189
111,821
116,095
69,718
86,247
100,469
Cash
1,113,662
1,158,861
1,518,850
1,697,339
1,478,096
895,033
528,308
945,700
472,286
420,306
560,568
743,119
165,382
109,108
misc current assets
total current assets
11,886,138
11,837,617
10,600,745
7,983,521
6,825,492
5,543,064
4,724,170
4,623,519
3,322,108
3,478,891
3,585,034
2,992,954
2,087,765
1,667,246
total assets
13,438,001
13,612,664
12,354,330
9,144,575
7,623,255
7,476,470
6,420,054
6,146,970
4,643,894
4,808,523
4,841,939
4,269,020
3,211,395
3,052,717
Bank overdraft
Bank loan
Trade Creditors
2,934,649
3,991,248
3,955,213
2,893,899
2,559,380
2,355,057
1,856,103
1,764,419
1,314,593
1,506,199
1,569,197
1,364,857
898,087
912,111
Group/Directors Accounts
250,379
201,920
270,205
148,650
148,650
other short term finances
50,000
50,000
50,000
16,667
1,049
12,588
12,588
11,329
hp & lease commitments
146,461
193,988
198,371
78,666
83,916
37,901
24,647
26,888
37,688
other current liabilities
2,521,319
2,378,948
2,027,283
1,305,557
684,072
398,734
404,247
698,148
138,620
total current liabilities
5,902,808
6,816,104
6,501,072
4,443,439
3,476,018
2,792,741
2,297,585
2,502,043
1,502,230
1,506,199
1,569,197
1,364,857
898,087
912,111
loans
83,333
133,333
183,333
233,333
457,461
457,461
1,129,900
hp & lease commitments
212,981
359,442
553,430
168,455
247,122
128,355
24,646
51,534
Accruals and Deferred Income
17,344
other liabilities
14,583
22,909
31,920
43,066
473,466
1,049
471,098
457,461
746,682
1,143,468
1,217,974
1,213,974
provisions
246,828
297,091
294,613
150,217
130,241
186,249
124,852
118,154
116,545
58,544
50,517
34,119
35,260
19,471
total long term liabilities
557,725
812,775
1,063,296
595,071
850,829
772,065
600,706
613,898
625,540
805,226
1,193,985
1,252,093
1,249,234
1,149,371
total liabilities
6,460,533
7,628,879
7,564,368
5,038,510
4,326,847
3,564,806
2,898,291
3,115,941
2,127,770
2,311,425
2,763,182
2,616,950
2,147,321
2,061,482
net assets
6,977,468
5,983,785
4,789,962
4,106,065
3,296,408
3,911,664
3,521,763
3,031,029
2,516,124
2,497,098
2,078,757
1,652,070
1,064,074
991,235
total shareholders funds
6,977,468
5,983,785
4,789,962
4,106,065
3,296,408
3,911,664
3,521,763
3,031,029
2,516,124
2,497,098
2,078,757
1,652,070
1,064,074
991,235
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Operating Activities
Operating Profit
1,347,648
1,473,963
837,963
959,596
960,881
718,705
538,706
661,180
88,450
536,963
561,006
781,667
499,331
481,167
Depreciation
366,083
195,750
289,996
193,137
179,183
147,422
138,247
123,737
121,852
102,000
86,646
72,045
33,963
37,730
Amortisation
11,900
9,965
919
1,371
2,047
3,055
4,559
6,805
72,174
Tax
-326,587
-256,996
-144,396
-140,920
-50,383
-47,069
-45,877
-132,441
-18,063
-113,277
-129,781
-188,145
-120,457
-124,521
Stock
-435,041
369,780
2,113,169
649,334
482,567
586,903
237,592
-186,459
-215,711
356,361
192,979
69,643
604,975
719,895
Debtors
528,761
1,227,081
682,544
289,452
216,798
-134,734
280,451
1,014,456
6,948
-322,242
581,652
257,809
-240,730
838,243
Creditors
-1,056,599
36,035
1,061,314
334,519
204,323
498,954
91,684
449,826
-191,606
-62,998
204,340
466,770
-14,024
912,111
Accruals and Deferred Income
142,371
351,665
721,726
621,485
285,338
-22,857
-276,557
559,528
138,620
Deferred Taxes & Provisions
-50,263
2,478
144,396
19,976
-56,008
61,397
6,698
1,609
58,001
8,027
16,398
-1,141
15,789
19,471
Cash flow from operations
328,933
206,034
115,286
1,049,007
823,969
916,283
-55,177
836,361
407,388
438,643
-32,967
808,303
57,162
-160,006
Investing Activities
capital expenditure
-402,469
-320,645
-326,321
-115,377
-176,774
-70,540
-229,040
221,073
-1,495,375
Change in Investments
cash flow from investments
-402,469
-320,645
-326,321
-115,377
-176,774
-70,540
-229,040
221,073
-1,495,375
Financing Activities
Bank loans
Group/Directors Accounts
48,459
-68,285
121,555
148,650
Other Short Term Loans
33,333
16,667
-1,049
-11,539
1,259
11,329
Long term loans
-50,000
-50,000
-50,000
233,333
-457,461
457,461
-1,129,900
1,129,900
Hire Purchase and Lease Commitments
-193,988
-198,371
504,680
-83,917
164,782
141,609
-26,887
-37,688
89,222
other long term liabilities
-8,326
-9,011
-11,146
-430,400
473,466
-1,049
-470,049
13,637
-289,221
-396,786
-74,506
4,000
1,213,974
share issue
66,704
-29,607
-14,859
-53,225
-7,797
-7,797
-7,797
-270,000
671,038
interest
-27,378
-23,144
-9,670
-9,019
-5,124
-2,128
-2,095
1,025
1,863
2,452
3,259
2,271
-36,036
-36,449
cash flow from financing
-231,233
-348,811
588,752
-273,336
389,968
97,286
-41,570
-36,626
-240,032
-402,131
-79,044
-1,526
-221,962
1,764,489
cash and cash equivalents
cash
-45,199
-359,989
-178,489
219,243
583,063
366,725
-417,392
473,414
51,980
-140,262
-182,551
577,737
56,274
109,108
overdraft
change in cash
-45,199
-359,989
-178,489
219,243
583,063
366,725
-417,392
473,414
51,980
-140,262
-182,551
577,737
56,274
109,108
redrock machinery 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 redrock machinery limited. Get real-time insights into redrock machinery limited's credit score, group structure and payment trends.
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redrock machinery limited Ownership
REDROCK MACHINERY LIMITED group structure
Redrock Machinery Limited has 1 subsidiary company.
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 2 charges/mortgages relating to redrock machinery limited. Currently there are 2 open charges and 0 have been satisfied in the past.
redrock machinery 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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redrock machinery limitedCompanies House Filings - See Documents
