Reds 10 Modular Limited
Registered name: REDS 10 MODULAR LIMITED
Part of Ruddick Limited groupReds 10 Modular Limited made £27.5m revenue and £2.8m profit in the year to 30 Apr 2025.
Reds 10 Modular Limited’s revenue grew 126% to £27.5m in the year to 30 Apr 2025, with £2.8m profit and 21 employees. The company is classified under “other business support service activities” and is based in London; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 11 yrs · since 2015
- Type
- Private Limited Company
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Apr 2022 | 30 Apr 2023 | 30 Apr 2024 | 30 Apr 2025 |
|---|---|---|---|---|
| Disclosure | No P&L | No P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | — | — | £12.1m | £27.5m |
| Cost of sales | — | — | £8.5m | £19.9m |
| Gross profit | — | — | £3.7m | £7.5m |
| Profit before tax | — | — | £2.4m | £3.7m |
| Profit after tax | — | — | £1.2m | £2.8m |
| Profit (best available) | — | — | £1.2m | £2.8m |
| Staff costs | — | — | £583k | £2.5m |
| Employees (average) | — | 5 | 6 | 21 |
| Ratios | ||||
| Profit margin | — | — | 9.9% | 10.3% |
| Gross margin | — | — | 30.2% | 27.4% |
| Revenue per employee | — | — | £2m | £1.3m |
| Profit per employee | — | — | £201k | £134k |
| Growth (year on year) | ||||
| Revenue growth | — | — | — | ▲126.4% |
| Profit growth | — | — | — | ▲133.8% |
| Headcount growth | — | — | ▲20% | ▲250% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £1.8m | £2m | £2.5m | £1m |
| Net assets | £2m | £3m | £6.2m | £7.3m |
| Fixed assets | £290k | £1.6m | £4.7m | £7.4m |
| Current assets | £1.8m | £2.8m | £5m | £3.4m |
| Debtors | £17k | £260k | £168k | £175k |
| Deferred income | — | — | £4.3k | £263k |
| Cash from operations | — | — | −£2.5m | −£2.6m |
| Source | FullAccounts · bulk data Jan 2024 | FullAccounts · bulk data Jan 2024 | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Jan 2026 |
How the business works
- Profit margin
- 10.3%
- Profit ÷ revenue.
- Gross margin
- 27.4%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £1.3m
- Revenue ÷ average employees.
- Profit per employee
- £134k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 26.8%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 1%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 0.6%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▲17%
- Now £7.3m
- Cash at bank
- ▼59%
- Now £1m
- Headcount
- ▲250%
- Now 21
- Deferred income
- ▲5945%
- Now £263k
- Fixed assets
- ▲58%
- Now £7.4m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Ruddick Limitedultimate parent75–100%
- Reds10 Group Limited75–100%
- Reds 10 Modular Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (6)
- Apteriors LimitedFigures not disclosed
- Enlight10 LimitedFigures not disclosed
- K10 Apprenticeships LtdFigures not disclosed
- R10 Nominee LimitedFigures not disclosed
- Reds10 (UK) LimitedFigures not disclosed
- Reds10 Developments LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 30 Apr 2025 (profit £2.8m), from the Companies House accounts bulk data published Jan 2026. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.