Read Derby Limited
01651061
Some Concerns
- No accounts filed in last 18 months (-5)
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 16/07/2021
DIRECTOR
BRITISH · ENGLAND · Age 62
Also on 6 other boards
director · Since 16/07/2021
DIRECTOR
BRITISH · ENGLAND · Age 62
Also on 7 other boards
Persons with Significant Control
Read Motor Group Limited
Altyre Way, Hewitts Avenue Business Park, Grimsby, DN36 4RJ
Reg: 07110298 · Companies House · Limited Company
Notified 16/07/2021
Former PSCs
Mr John Charles Oldfield
Ceased 16/07/2021
Mrs Wendy Pamela Oldfield
Ceased 06/07/2021
Charges0 outstanding
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CompanyRankvs 341+ SIC 45111 peers69
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue. Our responsibilities and the responsibilities of the Directors with respect t
Key FinancialsYear ending 31/12/2024
Turnover
£29.0M
Annual revenue
Net Worth
£2.1M
Balance sheet strength
Cash
£85k
Cash in the bank
Profit Before Tax
-£329k
Bottom line earnings
Net Current Assets
£2.0M
Working capital
Current Assets
£11.5M
Current Liabilities
£9.5M
Fixed Assets
£184k
Debtors
£4.6M
Cost of Sales
£27.2M
Gross Profit
£1.7M
Admin Expenses
£1.8M
Profit After Tax
-£240k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 1.21 | -£240k |
| 2023 | 1.52 | — |
Derived from filed accounts. Not audited figures.