Red Systems Ltd
06014409
Healthy
- Going concern doubt noted in accounts (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 30/11/2006
COMPANY DIRECTOR
BRITISH · UNITED KINGDOM · Age 53
Also on 4 other boards
director · Since 01/04/2021
FINANCE DIRECTOR
BRITISH · ENGLAND · Age 53
Also on 3 other boards
Persons with Significant Control
Mr Michael James Green
British · United Kingdom · Age 53
Plot L, Clayhill Industrial Estate, Neston, CH64 3RU
Notified 06/04/2016
Nordan Uk Ltd
27, Old Gloucester Street, London, WC1N 3AX
Reg: 01548333 · Uk Registrar Of Companies · Private Limited Company
Notified 02/04/2026
Charges0 outstanding
BARCLAYS BANK PLC
GABRIELLE LAZARUS · DAVID HYMAN LAZARUS
CompanyRankvs 39+ SIC 43342 peers80
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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
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the Parent 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 going c
Key FinancialsYear ending 31/12/2025
Net Worth
£3.4M
Balance sheet strength
Cash
£1.6M
Cash in the bank
Net Current Assets
£2.6M
Working capital
Current Assets
£4.2M
Current Liabilities
£1.6M
Fixed Assets
£878k
Debtors
£2.1M
Profit After Tax
£663k
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 2.57 | +£669k |
| 2024 | 1.76 | +£618k |
| 2023 | 1.64 | +£365k |
| 2022 | 1.51 | +£192k |
| 2021 | 1.74 | -£192k |
| 2020 | 1.96 | +£50k |
| 2019 | 2.70 | +£453k |
| 2018 | 1.85 | — |
Derived from filed accounts. Not audited figures.