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Redco Ltd

01639947

active
Private Limited Company
england wales
Companies House
Health Score
74 / 100

Some Concerns

30/30
Filing
10/30
Financial
34/40
Risk
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

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

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 12/09/2025

Due 26/09/2026

On track

Industry

22290
Manufacture of other plastic products
32990
Other manufacturing

Officers

Mr. Michael Graham Redshaw

director · Since 01/01/1991

DIRECTOR

BRITISH · ENGLAND · Age 71

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 71

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
outstanding

NATIONAL WESTMINSTER BANK PLC

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

CompanyRankvs 1175+ SIC 22290 peers
59

Financial strength78th percentile among SIC peers · 20/25
Employees89th percentile among SIC peers · 13/15
LiquidityCurrent ratio 1× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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1175Redco Ltd
65
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.

Liquidity6/20 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 31/12/2025

Net Worth

£554k

Balance sheet strength

Cash

£16k

Cash in the bank

Net Current Assets

-£1k

Working capital

Current Assets

£825k

Current Liabilities

£826k

Fixed Assets

£912k

Debtors

£548k

27avg. employees-2

Balance Sheet

Assets less current liabilities£911k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20251.00-£154k
20241.19+£77k
20231.21—

Derived from filed accounts. Not audited figures.