Red Industries (Brownhills) Ltd
03244279
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 6 outstanding charges (-10)
Details
Previously known as
Compliance
Last accounts
31/12/2024
full
Next accounts due
30/09/2026
Confirmation statement
Last: 01/11/2025
Due 15/11/2026
Industry
Officers
Former
director · Resigned 17/12/2018
secretary · Resigned 17/12/2018
director · Resigned 17/12/2018
director · Resigned 17/12/2018
director · Resigned 17/12/2018
director · Resigned 17/12/2018
director · Resigned 01/03/2022
director · Resigned 27/02/2025
Persons with Significant Control
Environmental Resource Group Limited
Unit 4 Newlands Court, Attwood Road, Burntwood, WS7 3GF
Reg: 05103488 · England & Wales · Limited Company
Notified 06/04/2016
Former PSCs
Mr Aron Lee James
Ceased 06/04/2016
Charges6 outstanding
HSBC UK BANK PLC
HSBC UK BANK PLC
HSBC INVOICE FINANCE (UK) LTD
HSBC UK BANK PLC
HSBC UK BANK PLC
HSBC UK BANK PLC
Change History
Active
Private Limited Company
UNIT 4 NEWLANDS COURT ATTWOOD ROAD
BURNTWOOD
CompanyRankvs 40+ SIC 38220 peers65
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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 directors with respect to
Key FinancialsYear ending 31/12/2024
Net Worth
£9.4M
Balance sheet strength
Cash
£142k
Cash in the bank
Profit Before Tax
£3.4M
Bottom line earnings
Net Current Assets
£4.4M
Working capital
Current Assets
£10.7M
Current Liabilities
£6.3M
Fixed Assets
£5.1M
Debtors
£10.6M
Admin Expenses
£3.4M
Profit After Tax
£3.4M
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 1.69 | +£3.4M |
| 2023 | 1.13 | — |
Derived from filed accounts. Not audited figures.