Redcorn Limited
02768567
Healthy
- No accounts filed in last 18 months (-5)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Last accounts
31/05/2024
medium
Next accounts due
31/05/2026
Confirmation statement
Last: 27/11/2025
Due 11/12/2026
Industry
Officers
director · Since 16/08/2018
DIRECTOR
BRITISH · UNITED KINGDOM · Age 35
Also on 5 other boards
Persons with Significant Control
Redcorn Holdings Limited
Units 3/4, Kerry Avenue, Aveley, Purfleet-On-Thames, RM15 4YE
Reg: 12121690 · Companies House · Company Limited By Shares
Notified 25/07/2019
Former PSCs
Mr Steven Thompson
Ceased 28/05/2019
Mr James Thompson
Ceased 25/07/2019
Charges1 outstanding
BARCLAYS BANK PLC
TECHNICAL & GENERAL GUARANTEE COMPANY S.A.
WILBY DEVELOPMENTS LIMITED
CompanyRankvs 15+ SIC 46770 peers70
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the director with respect to going con
Key FinancialsYear ending 31/05/2024
Turnover
£41.2M
Annual revenue
Net Worth
£10.7M
Balance sheet strength
Cash
£1.2M
Cash in the bank
Profit Before Tax
£1.8M
Bottom line earnings
Net Current Assets
£4.6M
Working capital
Current Assets
£7.0M
Current Liabilities
£2.4M
Fixed Assets
£8.7M
Debtors
£5.8M
Cost of Sales
£30.1M
Gross Profit
£11.1M
Admin Expenses
£9.2M
Profit After Tax
£1.1M
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 2.92 | +£605k |
| 2023 | 2.39 | +£853k |
| 2022 | 1.70 | -£1.3M |
| 2021 | 2.51 | +£2.8M |
| 2018 | 3.17 | — |
Derived from filed accounts. Not audited figures.