−£28k
vs Oct 2024Active12208049Private limited companySwanley
RED SEA DEVELOPMENT LIMITED
Significant control: Bimbola Osagie (75–100%)
From public filings as at 31 Aug 2026; may contain errors or be out of date. Verify at Companies House · Terms
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What does Red Sea Development Limited sell?
Registered activity: Buying and selling of own real estate (SIC 68100). We’re building product and service lists for UK companies. Get this one when it’s ready.
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01
Summary
RED SEA DEVELOPMENT LIMITED is an active private limited company (company number 12208049) incorporated on 16 September 2019, registered in Swanley. Its registered activity is buying and selling of own real estate (SIC 68100). Latest small accounts cover the period ending 31 October 2025, showing net assets of −£28k and cash of £82k, with 1 employee on average. Net assets fell 237% on the prior period (−£8,292).
Peer position · net assets
By net assets it sits in the lower half of 27,496 comparable companies in Greater London (median £10, upper quartile £16k).
02
Ownership and control
- Mrs Bimbola Osagie
- owns 75–100% of shares
- holds 75–100% of voting rights
- can appoint or remove directors
- Miss Bolaji Banjo
- owns 25–50% of shares
- Miss Efua Arkhurst
- owns 25–50% of shares
Persons with significant control hold 25% or more of shares or voting rights. Smaller shareholdings are only listed in confirmation-statement documents. Directors and secretaries: see the officers list at Companies House.
03
Key dates
- Incorporated
- 16 September 20197 yrs ago
- Next accounts due
- 31 July 2027in 280 days
- Confirmation statement due
- 30 September 2027in 341 days
Due dates are expected from Companies House filing rules; confirm on the official register before relying on them.
04
Activity
- SIC 68100
- Buying and selling of own real estate
- Accounts type
- Total Exemption Full
- Size band
- MicroCompanies Act thresholds
05
Financials
£82k
+45%vs Oct 2024Not reported
1
No changevs Oct 2024| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 31 October 2025 | −£28k | £82k | £361k | £300 | — | — | 1 |
| 31 October 2024 | −£8,292 | £56k | £137k | £300 | — | — | 1 |
Current ratio1477.38Current assets ÷ creditors within one year
Cash per employee£82kCash ÷ average employees
Figures as filed in iXBRL accounts at Companies House. "—" means the line was not reported in that filing.
06
Filing and accounts signals
- Net assets below zeroNet assets £-27,972 at 31 October 2025
- Net assets down 25% or more on the prior period-237.3% vs prior period
- Current assets at least 1.5× creditors within one yearCurrent ratio 1477.38
- Cash at bank of £50,000 or moreCash £82,035
- Incorporated five or more years agoIncorporated 16 September 2019
Neutral facts read from the register and filed accounts, each with its evidence. They are not a rating, a prediction or advice, and may be incomplete or out of date. How each signal is derived.
07
Timeline
- Confirmation statement duein 341 days
- Next accounts duein 280 days
- Accounts period endNet liabilities £28k · small accounts
- Accounts period endNet liabilities £8,292 · small accounts
- Incorporated
08
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- LAXMI GROUP LTDRomford · inc. Sept 2019
- HASTINGS ROAD LIMITEDOrpington · inc. Sept 2019
All companies incorporated on 16 September 2019 · in Sept 2019.
09
Reminders for RED SEA DEVELOPMENT LIMITED
Get an email before each filing deadline — accounts and confirmation statement — so nothing is late.