Red Union Films Limited
07307706
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 07/07/2010
COMPOSER
BRITISH · UNITED KINGDOM · Age 66
Also on 7 other boards
director · Since 14/09/2013
FILM PRODUCER
BRITISH · ENGLAND · Age 51
Also on 10 other boards
Persons with Significant Control
Mr David Moores
British · United Kingdom · Age 51
50a, Park Road West, Prenton, CH43 8SE
Notified 07/07/2016
Mr David Alan Hughes
British · United Kingdom · Age 66
50a, Park Road West, Prenton, CH43 8SE
Notified 07/07/2016
Former PSCs
Mr Kevin Sampson
Ceased 21/11/2022
CompanyRankvs 11726+ SIC 59111 peers25
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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
from the date of approval of the accounts. The directors are not aware of any material uncertainty arising from their assessment that would cast doubt on the company's ability to continue as a going concern. Funds to meet the cashflow requirements are in place and the directors do not anticipate any material overspend. The directors are therefore satisfied that the going concern assumption
Key FinancialsYear ending 31/03/2025
Net Worth
-£189k
Balance sheet strength
Cash
£2
Cash in the bank
Net Current Assets
-£150k
Working capital
Current Assets
£16k
Current Liabilities
£166k
Fixed Assets
£230
Debtors
£16k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.10 | -£10k |
| 2024 | 0.11 | -£12k |
| 2023 | 0.13 | -£20k |
| 2022 | 0.12 | -£10k |
| 2021 | 0.14 | -£25k |
| 2020 | 0.30 | +£7k |
| 2018 | 0.17 | — |
Derived from filed accounts. Not audited figures.