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Redsift Limited

09240956

active
Private Limited Company
england wales
Companies House
Health Score
68 / 100

Some Concerns

30/30
Filing
0/30
Financial
38/40
Risk
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

3RD FLOOR, ALTRINCHAM, WA14 2DT
Incorporated 30/09/2014

Compliance

Last accounts

31/12/2024

group

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 16/08/2025

Due 30/08/2026

On track

Industry

62012
Business and domestic software development

Officers

Mr Rahul Powar

director · Since 30/09/2014

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 46

Also on 2 other boards

Mr Randal Juliano Pereira Pinto

director · Since 30/09/2014

COMPANY DIRECTOR

BRITISH · ESTONIA · Age 47

Mr Mina Samaan

director · Since 02/08/2019

INVESTOR

BRITISH · UNITED KINGDOM · Age 35

Also on 3 other boards

Mr Michael Carey Hedger

director · Since 06/04/2020

DIRECTOR

BRITISH · ENGLAND · Age 73

Also on 2 other boards

Mr Michael Gregory Graninger

director · Since 15/09/2020

DIRECTOR

AMERICAN · UNITED STATES · Age 59

Also on 1 other board

Mr Michel Alexander Van Der Bel

director · Since 18/03/2021

NON-EXECUTIVE DIRECTOR

DUTCH · NETHERLANDS · Age 66

Mr Samuel Woodworth Brooks

director · Since 10/01/2022

DIRECTOR

BRITISH,AMERICAN · ENGLAND · Age 48

Also on 1 other board

Oakwood Corporate Secretary Limited

secretary · Since 10/02/2022

BRITISH

Also on 2749 other boards

Persons with Significant Control

Mr Randal Juliano Pereira Pinto

Significant control

British · Estonia · Age 47

3rd Floor, 1 Ashley Road, Altrincham, WA14 2DT

Notified 06/04/2016

Mr Rahul Powar

Significant control

British · United Kingdom · Age 46

3rd Floor, 1 Ashley Road, Altrincham, WA14 2DT

Notified 06/04/2016

Former PSCs

Mr Christian Hernandez Gallardo

Ceased 13/03/2019

Oxford Capital Partners Llp

Ceased 06/02/2021

Mr Eric Fortin

Ceased 06/02/2021

Mmc Ventures Limited

Ceased 06/02/2021

Charges1 outstanding

Charge
outstanding

SILICON VALLEY BANK UK LIMITED

Created 16/11/2022Registered 22/11/2022

CompanyRankvs 9429+ SIC 62012 peers
51

Financial strength36th percentile among SIC peers · 9/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 3.03× · 20/20
Longevity12 years trading (max 15) · 12/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength9/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity12/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

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

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 31/12/2024

Net Worth

£58

Balance sheet strength

Cash

£7.0M

Cash in the bank

Net Current Assets

£15.4M

Working capital

Current Assets

£23.0M

Current Liabilities

£7.6M

Fixed Assets

£7.9M

Debtors

£16.0M

Profit After Tax

-£4.3M

62avg. employees

Balance Sheet

Intangible assets£1.3M
Assets less current liabilities£23.2M
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
20243.03
20233.85
20223.99
20211.01-£3.1M
20203.62-£3.5M
20198.16+£4.9M
20186.47

Derived from filed accounts. Not audited figures.