REDHORN HOLDINGS LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

David Owen & Co

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and 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.”

Group structure

1. REDHORN HOLDINGS LIMITED · parent
   1. E & H Drylining & Plastering Limited 95% · England & Wales · Drylining, plastering
   2. Qdos Homes Limited 100% · England & Wales · Construction of new homes
   3. Qdos Homes Wincanton Limited 100% · England & Wales · Construction of new homes
   4. Qdos Homes Potterne Limited 100% · England & Wales · Construction of new homes
   5. Sky Interiors (Bath) Limited 77.78% · England & Wales · Design, manufacture and installation of new kitchens and bathrooms

Significant events

• “As a result of increased speculative sales in both Qdos Homes Wincanton Limited and Qdos Homes Potterne Limited, turnover in Qdos Homes Limited and its subsidiaries increased by £2.87m to £5.22m (2023 - £2.35m).”
• “Sky Interiors (Bath) Limited's turnover increased by £340k to £1.66m (2023 - £1.32m).”
• “E&H Drylining's turnover decreased by £1.76m to £16.6m (2023 - £18.3m).”
• “After adjusting for intercompany sales, the group's turnover increased by £865k to £22.4m (2023 - £21.5m).”
• “The Group's Gross Profit margin decreased from 26% in 2023 to 24% in 2024 because of lower margins achieved on property sales compared to services.”
• “Pre-tax distributable profits dropped slightly by £391k to £2.17m (2023 - £2.56m) but with equity maintaining at £10.5m (2023 - £10.4m).”
• “Liquidity (current assets: current liabilities) remains healthy at 3.00:1 (2023 2.83:1) along with the debt ratio (total liabilities/total assets) of 32.24% (2023: 36.29%). The gearing ratio (loans and overdraft/capital employed) has dropped to 17% (2023 25%).”
• “On 29 February 2024, Redhorn Holdings Limited acquired an additional 22.22% of the issued share capital of Sky Interiors (Bath) Limited for a total consideration of £56,025.”
• “Qdos Homes Potterne Limited: All properties have been sold and therefore the company will be dissolved in the near future.”
• “In July 2023 £53,750 was paid for the exchange on a property at 12 Mill Lane, Beckington, Somerset, with the balance of £1,105,454 paid on completion on 11 January 2024.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +4%

  £21,555,744 → £22,421,117

• Cash

  -36.8%

  £1,348,813 → £852,829

• Net assets

  +1.2%

  £10,432,083 → £10,553,579

• Employees

  -2.9%

  35 → 34

• Operating profit

  -14.9%

  £2,309,089 → £1,964,634

• Profit before tax

  -15.3%

  £2,557,982 → £2,166,976

• Wages

  +4.4%

  £1,497,418 → £1,562,613

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers