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Redcorn Holdings Limited

12121690

active
Private Limited Company
Companies House
Health Score
67 / 100

Some Concerns

25/30
Filing
10/30
Financial
32/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 4 outstanding charges (-8)

Details

UNITS 3/4, KERRY AVENUE, PURFLEET-ON-THAMES, RM15 4YE
Incorporated 25/07/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

64209
Activities of other holding companies

Officers

Mr James Michael Thompson

director · Since 25/07/2019

DIRECTOR

BRITISH · UNITED KINGDOM · Age 35

Also on 5 other boards

Persons with Significant Control

Mr James Michael Thompson

75–100% shares
75–100% votes
Appoint directors

British · England · Age 35

Units 3/4, Kerry Avenue, Aveley, Purfleet-On-Thames, RM15 4YE

Notified 25/07/2019

Former PSCs

Reggie Properties Limited

Ceased 25/07/2019

Charges4 outstanding

Charge
outstanding

BARCLAYS BANK PLC

Created 17/02/2023Registered 21/02/2023
Charge
outstanding

BARCLAYS BANK PLC

Created 17/02/2023Registered 21/02/2023
Charge
outstanding

BARCLAYS BANK PLC

Created 17/02/2023Registered 17/02/2023
Charge
outstanding

BARCLAYS BANK PLC

Created 09/01/2023Registered 12/01/2023

CompanyRankvs 18690+ SIC 64209 peers
34

Financial strength60th percentile among SIC peers · 15/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.13× · 2/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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18690Redcorn Holdings Limited
53
How is this score calculated?
Financial strength15/25 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.

Liquidity2/20 pts

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

Longevity7/15 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

any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and 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 director with respect to going con

Key FinancialsYear ending 31/05/2024

Net Worth

£8k

Balance sheet strength

Cash

£464

Cash in the bank

Net Current Assets

-£937k

Working capital

Current Assets

£135k

Current Liabilities

£1.1M

Fixed Assets

£2.6M

Debtors

£134k

Profit After Tax

£1.2M

189avg. employees-46

Tax at Year End

Dividends paid£480k

Balance Sheet

Intangible assets£4
Assets less current liabilities£1.6M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.13+£0
20230.14+£0
20222.08+£0

Derived from filed accounts. Not audited figures.