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Redco Ltd

01639947

active
Private Limited Company
Companies House
Health Score
84 / 100

Healthy

30/30
Filing
20/30
Financial
34/40
Risk
  • 3 outstanding charges (-6)

Details

AIREDALE HOUSE UNITS 11-14 BURTON CLOSE, NORWICH, NR6 6AZ
Incorporated 01/06/1982

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

22290
Manufacture of other plastic products
32990
Other manufacturing

Officers

Mr. Michael Graham Redshaw

director · Since 01/01/1991

DIRECTOR

BRITISH · ENGLAND · Age 70

Also on 3 other boards

Mrs Maureen Heather Redshaw

secretary · Since 11/01/2000

BAR PERSON

BRITISH · Age 71

Mr David John Holmes

director · Since 21/01/2026

BRITISH · UNITED KINGDOM · Age 46

Also on 2 other boards

Persons with Significant Control

Mr Michael Graham Redshaw

75–100% shares
Significant control

British · England · Age 70

Airedale House, Units 11-14 Burton Close, Norwich, NR6 6AZ

Notified 06/04/2016

Charges3 outstanding

Charge
outstanding

CLOSE BROTHERS LIMITED (THE “SECURITY TRUSTEE�)

Created 24/10/2022Registered 26/10/2022
Charge
outstanding

BARCLAYS SECURITY TRUSTEE LIMITED

Created 06/09/2018Registered 11/09/2018
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 22/06/2012Registered 26/06/2012Satisfied 22/01/2014
charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 31/05/2012Registered 08/06/2012
charge
satisfied

RBS INVOICE FINANCE LIMITED

Created 29/05/2012Registered 31/05/2012Satisfied 15/10/2018
charge
satisfied

HSBC INVOICE FINANCE (UK) LTD

Created 21/07/2009Registered 23/07/2009Satisfied 07/09/2012
charge
satisfied

RBS INVOICE FINANCE LIMITED

Created 14/06/2006Registered 16/06/2006Satisfied 17/03/2012
charge
satisfied

HSBC INVOICE FINANCE (UK) LIMITED

Created 07/10/2004Registered 08/10/2004Satisfied 12/08/2006
charge
satisfied

HSBC BANK PLC

Created 30/06/2004Registered 07/07/2004Satisfied 28/08/2018
charge
satisfied

HSBC BANK PLC

Created 23/04/2004Registered 30/04/2004Satisfied 20/06/2012
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 28/02/2001Registered 06/03/2001Satisfied 12/08/2006
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 17/07/2000Registered 25/07/2000Satisfied 12/08/2006
charge
satisfied

BARCLAYS BANK PLC

Created 23/07/1997Registered 28/07/1997Satisfied 01/12/2000
charge
satisfied

BARCLAYS BANK PLC

Created 02/04/1985Registered 22/04/1985Satisfied 01/12/2000
charge
satisfied

BARCLAYS BANK PLC

Created 18/10/1982Registered 03/11/1982Satisfied 14/09/2000

CompanyRankvs 693+ SIC 22290 peers
65

Financial strength80th percentile among SIC peers · 20/25
Employees89th percentile among SIC peers · 13/15
LiquidityCurrent ratio 1.19× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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693Redco Ltd
75
How is this score calculated?
Financial strength20/25 pts

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

Employees13/15 pts

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

Liquidity12/20 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/12/2024

Net Worth

£709k

Balance sheet strength

Cash

£46k

Cash in the bank

Net Current Assets

£145k

Working capital

Current Assets

£930k

Current Liabilities

£785k

Fixed Assets

£940k

Debtors

£605k

29avg. employees-1

Balance Sheet

Assets less current liabilities£1.1M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20241.19+£77k
20231.21-£51k
20211.43+£53k
20201.45-£8k
20191.45+£52k
20181.39—

Derived from filed accounts. Not audited figures.