Ever since winning Young Engineer for Britain way back in 1980 Jonathan Elvidge has had a passion for all things gadgety. Creator of the original Gadget Shop back in ’91 Jonathan has always been obsessed not only with great gadgets, but more importantly for making sure everyone could play with them, and not just him! In 2005 Jonathan got together with product guru Joth Baron with a vision to build the ultimate gadget shop, RED5, a place where anyone could get their hands on great and innovative gadgets, and at affordable prices. The first RED5 shop opened in Hull in '05, was a storming success, and over the next 6 years another 20 stores popped up across the UK, with more appearing all the time. Of course as well as the shops (which you can find in our Store Finder) our website is loaded with gadget wizardry, and just like in our shops you’ll receive exceptional customer service and rapid delivery.
Hessle, GB
Red 5 was founded in 2005 and is headquartered in Hessle, GB

Red 5 Office Locations

Red 5 has an office in Hessle
Hessle, GB (HQ)
Saxon Way

Red 5 Metrics

Summary Metrics

Founding Date


Red 5 Financial Metrics

Revenue (2016)

£19.5 m

Revenue growth (2015-16), %


Gross profit

£3.3 m

Gross profit margin (2016), %

Red 5's revenue was reported to be £19.5 m in FY, 2016 which is a 5.2% increase from the previous period.
FY, 2014FY, 2015FY, 2016


£15.8 m£18.6 m£19.5 m

Revenue growth, %


Cost of goods sold

£13.2 m£15 m£16.2 m

Gross profit

£2.5 m£3.5 m£3.3 m

Gross profit Margin, %


Operating expense total

£1.7 m£2 m£2.7 m

Red 5 Online Presence

Red 5 News

Red 5 Company Life

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