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Red Paddle Co Limited

01371094

active
Private Limited Company
england wales
Companies House
Health Score
73 / 100

Some Concerns

25/30
Filing
10/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

UNIT B HALWELL BUSINESS PARK, TOTNES, TQ9 7LQ
Incorporated 30/05/1978

Compliance

Last accounts

30/09/2024

small

Next accounts due

30/06/2026

On track

Confirmation statement

Last: 01/12/2025

Due 15/12/2026

On track

Industry

46900
Non-specialised wholesale trade

Officers

Mr John David Hibbard

director · Since 24/07/2015

BRAND MANAGER

BRITISH · ENGLAND · Age 49

Also on 5 other boards

Mrs Helen Carlene Callow

director · Since 23/10/2015

CHARTERED ACCOUNTANT

BRITISH · ENGLAND · Age 47

Also on 6 other boards

Persons with Significant Control

Jessica Blair Kimmel

Significant control

New Zealander · England · Age 50

Unit B, Halwell Business Park, Totnes, TQ9 7LQ

Notified 26/11/2021

Thomas Campbell Kenneth Myers

Significant control

New Zealander · United States · Age 43

Unit B, Halwell Business Park, Totnes, TQ9 7LQ

Notified 26/11/2021

Mrs Laura Rose Davies

Significant control

New Zealander · England · Age 47

Unit B, Halwell Business Park, Totnes, TQ9 7LQ

Notified 26/11/2021

Former PSCs

Vian Marketing Limited

Ceased 26/11/2021

Mr David Hackford

Ceased 31/01/2020

Mr Roger Tushingham

Ceased 31/01/2020

Charges1 outstanding

Charge
outstanding

SANTANDER UK PLC

Created 17/12/2015Registered 22/12/2015
Charge
satisfied

MOBEUS INCOME & GROWTH VCT PLC

Created 24/07/2015Registered 29/07/2015Satisfied 07/06/2022
Charge
satisfied

THE INCOME & GROWTH VCT PLC

Created 24/07/2015Registered 29/07/2015Satisfied 07/06/2022
Charge
satisfied

MOBEUS INCOME & GROWTH 2 VCT PLC

Created 24/07/2015Registered 29/07/2015Satisfied 07/06/2022
Charge
satisfied

MOBEUS INCOME & GROWTH 4 VCT PLC

Created 24/07/2015Registered 29/07/2015Satisfied 07/06/2022
Charge
satisfied

ROGER TUSHINGHAM (AS SECURITY TRUSTEE)

Created 24/07/2015Registered 29/07/2015Satisfied 07/06/2022
charge
satisfied

TUSHINGHAM SAILS LTD RETIREMENT BENEFIT SCHEME

Created 26/02/2009Registered 03/03/2009Satisfied 03/01/2014
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 12/02/1993Registered 17/02/1993Satisfied 17/12/2015
charge
satisfied

MIDLAND BANK PLC

Created 18/11/1983Registered 24/11/1983Satisfied 14/12/1992
charge
satisfied

MIDLAND BANK PLC

Created 19/10/1983Registered 25/10/1983Satisfied 27/05/1993

CompanyRankvs 43+ SIC 46900 peers
70

Financial strength98th percentile among SIC peers · 25/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 3.23× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength25/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

are confident of returning to a profitable position, and being able to cover working capital without any additional funding. When making an assessment of the Company’s ability to continue as a going concern, management considers various factors, including current trading and market conditions, funding requirements, the expectation of future trading and the ability of the group to operate wi

Key FinancialsYear ending 30/09/2024

Net Worth

£4.2M

Balance sheet strength

Cash

£292k

Cash in the bank

Net Current Assets

£4.1M

Working capital

Current Assets

£6.0M

Current Liabilities

£1.9M

Fixed Assets

£173k

Debtors

£1.1M

39avg. employees

Tax at Year End(2023)

Dividends paid£1.7M

People Costs(2023)

Wages & salaries£1.3M
NI contributions£160k

Balance Sheet

Intangible assets£28k
Assets less current liabilities£4.3M
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
20243.23-£1.6M
20235.47+£1.3M
20212.82+£1.2M
20201.92

Derived from filed accounts. Not audited figures.