Red Engineering Limited
06651202
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 01/10/2014
DIRECTOR
BRITISH · UNITED KINGDOM · Age 55
Also on 3 other boards
Persons with Significant Control
Mr Joseph Orrell
British · United Kingdom · Age 50
Tynedale House, Hexham Business Park, Hexham, NE46 3RU
Notified 21/07/2016
Red Marine (Holdings) Limited
Tynedale House, Hexham Business Park, Hexham, NE46 3RU
Reg: 08008278 · England And Wales · Limited Company
Notified 21/07/2016
Charges1 outstanding
BARCLAYS BANK PLC
CompanyRankvs 1117+ SIC 42990 peers74
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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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 30/09/2024
Net Worth
£821k
Balance sheet strength
Cash
£150k
Cash in the bank
Net Current Assets
£495k
Working capital
Current Assets
£1.2M
Current Liabilities
£666k
Fixed Assets
£408k
Debtors
£953k
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 1.74 | -£394k |
| 2023 | 2.04 | +£534k |
| 2022 | 2.71 | +£231k |
| 2021 | 1.69 | +£66k |
| 2020 | 1.37 | -£351k |
| 2019 | 1.45 | -£487k |
| 2018 | 1.87 | — |
Derived from filed accounts. Not audited figures.