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Redde plc Company profile

About Redde Northgate PLC

Redde Northgate plc is a United Kingdom-based integrated mobility solutions platform providing services across the vehicle lifecycle. The Company offers integrated mobility solutions to businesses, fleet operators, insurers, original equipment manufacturer (OEMs) and other customers across seven key areas: vehicle rental, vehicle data, accident management, vehicle repair, fleet management, service and maintenance, vehicle ancillary services and vehicle sales. The Company operates through three segments: Northgate UK&I, Northgate Spain and Redde. The Northgate UK&I operating segment represents the commercial vehicle hire part of the Company located in the United Kingdom and the Republic of Ireland. The Northgate Spain operating segment representing the commercial vehicle hire part of the Company located in Spain. The Redde operating segment representing the insurance claims and services part of the Company.

Financial summary

BRIEF: For the six months ended 31 October 2021, Redde Northgate PLC revenues increased 10% to £612.9M. Net income increased from £21.1M to £55.5M. Revenues reflect Redde segment increase of 37% to £245.8M, Northgate Spain segment increase of less than 1% to £135.8M, Spain segment increase of less than 1% to £135.8M. Net income benefited from Northgate Uk & Ireland segment income increase of 65% to £52.9M, Redde segment income increase from £1.7M to £14M.

Equity composition

07/2009, Rights Issue, 10 new share for every 1 shares held @ GBp 7 (Factor: 4.59666). 09/2009, 1-for-10 Reverse Stock split.