Redde Northgate PLC Logo

Redde Northgate PLC

ISIN: GB00B41H7391 | Ticker: REDD | LEI: 213800B3ZUTDOZYVJB41
Country: United Kingdom

About Redde Northgate PLC

Company Description

Redde Northgate PLC is a leading provider of mobility solutions, specializing in the provision of vehicle rental and associated services in the UK, Ireland, Spain, and the US. The company has a fleet of over 110,000 vehicles, which includes light commercial vehicles, cars, and specialist vehicles.

Redde Northgate's extensive range of services includes vehicle rental, fleet management, accident management, repair, and maintenance. The company provides bespoke, cost-effective solutions to a wide range of customers, including businesses, individuals, and public sector organizations.

With a strong focus on innovation and technology, Redde Northgate is committed to providing its customers with the latest advancements in mobility solutions. The company's proprietary software and data analytics tools enable it to optimize its fleet operations and provide superior customer service.

Year founded


Served area

Europe + North America


Northgate Centre, Lingfield Way, DK1 4PZ Darlington – United Kingdom

Financial statements

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Line item in (gbp) 01.05.2020 02.05.2020 01.05.2021 01.05.2022
Assets N/A N/A 1,715,189,000.00 1,846,913,000.00
Noncurrent Assets N/A N/A 1,380,126,000.00 1,437,171,000.00
Property Plant And Equipment N/A N/A 1,083,920,000.00 1,161,915,000.00
Goodwill N/A N/A 114,503,000.00 114,926,000.00
Intangible Assets Other Than Goodwill N/A N/A 170,830,000.00 151,312,000.00
Investments In Associates Accounted For Using Equity Method N/A N/A 6,047,000.00 5,843,000.00
Investments In Subsidiaries N/A N/A 0.00 0.00
Deferred Tax Assets N/A N/A 4,826,000.00 3,175,000.00
Current Assets N/A N/A 335,063,000.00 409,742,000.00
Inventories N/A N/A 21,545,000.00 18,696,000.00
Trade And Other Current Receivables N/A N/A 302,349,000.00 359,053,000.00
Cash and cash equivalents 16,780,000.00 N/A 6,821,000.00 15,769,000.00
Cash N/A N/A 11,169,000.00 24,561,000.00
Equity 871,567,000.00 N/A 908,129,000.00 946,761,000.00
Issued Capital N/A N/A 123,046,000.00 123,046,000.00
Retained Earnings N/A 310,282,000.00 351,747,000.00 412,335,000.00
Share Premium N/A N/A 113,510,000.00 113,510,000.00
Treasury Shares N/A N/A 0.00 7,493,000.00
Other Reserves N/A N/A 330,476,000.00 330,435,000.00
Liabilities N/A N/A 807,060,000.00 900,152,000.00
Noncurrent Liabilities N/A N/A 532,298,000.00 576,461,000.00
Noncurrent Payables N/A N/A 3,848,000.00 4,509,000.00
Deferred Tax Liabilities N/A N/A 31,472,000.00 38,375,000.00
Longterm Borrowings N/A N/A 400,885,000.00 421,822,000.00
Current Liabilities N/A N/A 274,762,000.00 323,691,000.00
Trade And Other Current Payables N/A N/A 229,666,000.00 246,833,000.00
Line item in (gbp) 01.05.2020/
Revenue 1,109,499,000.00 1,243,557,000.00
Revenue From Sale Of Goods 229,809,000.00 149,939,000.00
Amortisation Expense 19,513,000.00 19,778,000.00
Profit Loss From Operating Activities 77,922,000.00 146,534,000.00
Finance Income 164,000.00 34,000.00
Finance Costs 16,760,000.00 18,100,000.00
Profit Loss Before Tax 67,179,000.00 132,689,000.00
Income Tax Expense Continuing Operations 1,613,000.00 31,144,000.00
Profit (loss) 65,566,000.00 101,545,000.00
Profit Loss Attributable To Owners Of Parent 65,566,000.00 101,545,000.00
Line item in (gbp) 01.05.2020 01.05.2021 01.05.2022
Profit (loss) N/A 65,566,000.00 101,545,000.00
Adjustments For Decrease Increase In Inventories N/A -1,407,000.00 -1,169,000.00
Adjustments For Provisions N/A -4,577,000.00 0.00
Adjustments For Sharebased Payments N/A 2,518,000.00 3,695,000.00
Cash Flows From Used In Operations N/A 280,446,000.00 332,463,000.00
Interest Paid Classified As Operating Activities N/A 14,945,000.00 13,275,000.00
Income Taxes Paid Refund Classified As Operating Activities N/A 12,678,000.00 27,382,000.00
Cash Flows From Used In Operating Activities N/A 137,878,000.00 127,643,000.00
Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities N/A 10,823,000.00 853,000.00
Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities N/A 35,919,000.00 2,683,000.00
Purchase Of Property Plant And Equipment Classified As Investing Activities N/A 7,460,000.00 52,369,000.00
Purchase Of Intangible Assets Classified As Investing Activities N/A 1,834,000.00 1,373,000.00
Dividends Received Classified As Investing Activities N/A 0.00 0.00
Interest Received Classified As Investing Activities N/A 164,000.00 34,000.00
Cash Flows From Used In Investing Activities N/A 20,291,000.00 -47,437,000.00
Proceeds From Borrowings Classified As Financing Activities N/A 27,195,000.00 318,056,000.00
Repayments Of Borrowings Classified As Financing Activities N/A 109,712,000.00 277,617,000.00
Dividends Paid Classified As Financing Activities N/A 24,928,000.00 43,897,000.00
Cash Flows From Used In Financing Activities N/A -167,846,000.00 -71,406,000.00
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes N/A -9,677,000.00 8,800,000.00
Effect Of Exchange Rate Changes On Cash And Cash Equivalents N/A -282,000.00 148,000.00
Cash and cash equivalents 16,780,000.00 6,821,000.00 15,769,000.00

Please note that some sums might not add up.

Filings & Publications


Consolidated Report
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

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Short Interest

Current short interest

Position Holder Short Interest in Percent Date
BlackRock Investment Management (UK) Limited 0.59% 05.07.23
Total 0.59%

Capital markets information






Consumer Discretionary

Industry Group

Consumer Services


Diversified Consumer Services


Specialized Consumer Services

Listed Stock Exchange

London Stock Exchange

Stock Index

FTSE 250

Main Stock Exchange

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