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Reads Property Developments Ltd

01658774

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
20/30
Financial
30/40
Risk
  • No accounts filed in last 18 months (-5)
  • 8 outstanding charges (-10)

Details

HOPPER WAY, DISS, IP22 4GT
Incorporated 17/08/1982

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68209
Other letting and operating of own or leased real estate

Officers

Mrs Carol Susan Read

secretary · Since 03/11/1991

BRITISH · ENGLAND · Age 69

Also on 11 other boards

Mrs Carol Susan Read

director · Since 03/11/1991

SECRETARY

BRITISH · ENGLAND · Age 69

Also on 11 other boards

Mr Joseph Read

director · Since 03/11/1991

DIRECTOR

BRITISH · ENGLAND · Age 70

Persons with Significant Control

Mrs Carol Susan Read

25–50% shares
25–50% votes

British · England · Age 69

Hopper Way, Sandy Lane, Diss, IP22 4GT

Notified 06/04/2016

Mr Joseph Read

25–50% shares
25–50% votes

British · England · Age 70

Hopper Way, Sandy Lane, Diss, IP22 4GT

Notified 06/04/2016

Mrs Carly Michelle Read-Musgrave

50–75% shares

British · England · Age 39

Hopper Way, Sandy Lane, Diss, IP22 4GT

Notified 04/09/2025

Mrs Louise Claire Read-Farrell

50–75% shares

British · England · Age 46

Hopper Way, Sandy Lane, Diss, IP22 4GT

Notified 04/09/2025

Former PSCs

Mr Malcolm Eric Hobbs

Ceased 04/09/2025

Charges8 outstanding

Charge
outstanding

JOSEPH READ, CAROL READ AND IPM TRUSTEES LIMITED (AS TRUSTEES OF THE READS CONSTRUCTION (ANGLIA

Created 25/06/2015Registered 26/06/2015
Charge
outstanding

BARCLAYS BANK PLC

Created 20/11/2014Registered 25/11/2014
charge
outstanding

BARCLAYS BANK PLC

Created 20/09/2007Registered 26/09/2007
charge
outstanding

BARCLAYS BANK PLC

Created 14/03/2007Registered 15/03/2007
charge
satisfied

AIB GROUP (UK) P.L.C.

Created 06/09/2005Registered 07/09/2005Satisfied 25/03/2009
charge
satisfied

BARCLAYS BANK PLC

Created 31/08/2004Registered 07/09/2004Satisfied 25/03/2009
charge
outstanding

BARCLAYS BANK PLC

Created 25/06/2004Registered 30/06/2004
charge
outstanding

SOUTH NORFOLK DISTRICT COUNCIL

Created 08/12/2003Registered 23/12/2003
charge
outstanding

THE NORFOLK COUNTY COUNCIL

Created 27/11/2003Registered 16/12/2003
charge
outstanding

JOSEPH READ AND CAROL READ AND BECKETT PENSION TRUSTEES LIMITED

Created 12/09/2002Registered 03/10/2002
charge
satisfied

SOUTH NORFOLK DISTRICT COUNCIL

Created 31/10/2001Registered 15/11/2001Satisfied 25/03/2009
charge
satisfied

BARCLAYS BANK PLC

Created 30/03/1999Registered 07/04/1999Satisfied 25/03/2009
charge
satisfied

SOUTH NORFOLK DISTICT COUNCIL

Created 22/04/1998Registered 09/05/1998Satisfied 25/03/2009
charge
satisfied

BARCLAYS BANK PLC

Created 09/09/1997Registered 24/09/1997Satisfied 25/03/2009
charge
satisfied

BARCLAYS BANK PLC

Created 30/08/1996Registered 13/09/1996Satisfied 25/03/2009
charge
satisfied

BARCLAYS BANK PLC

Created 17/11/1995Registered 29/11/1995Satisfied 03/04/2009
charge
satisfied

BARCLAYS BANK PLC

Created 14/06/1994Registered 20/06/1994Satisfied 25/03/2009
charge
satisfied

BARCLAYS BANK PLC

Created 01/11/1993Registered 12/11/1993Satisfied 25/03/2009
charge
satisfied

BARCLAYS BANK PLC

Created 05/10/1990Registered 15/10/1990Satisfied 25/03/2009
charge
satisfied

BARCLAYS BANK PLC

Created 09/10/1987Registered 16/10/1987Satisfied 25/03/2009
charge
satisfied

BARCLAYS BANK PLC

Created 09/12/1983Registered 16/12/1983Satisfied 25/03/2009

CompanyRankvs 337+ SIC 68209 peers
80

Financial strength99th percentile among SIC peers · 25/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 2.46× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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337Reads Property Developments Ltd
90
How is this score calculated?
Financial strength25/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 29/09/2024

Net Worth

£10.4M

Balance sheet strength

Cash

£1.5M

Cash in the bank

Net Current Assets

£4.7M

Working capital

Current Assets

£7.9M

Current Liabilities

£3.2M

Fixed Assets

£9.7M

Debtors

£6.4M

11avg. employees-1

Balance Sheet

Bank loans & overdrafts£2.8M
Assets less current liabilities£14.4M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20242.46+£167k
20231.34-£1.0M
20222.57+£1.4M
20211.47+£45k
20200.70-£158k
20191.03—

Derived from filed accounts. Not audited figures.