Readers (Isle Of Wight) Limited
02027823
Some Concerns
- Negative net worth (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 20/11/1992
MANAGING DIRECTOR
BRITISH · ENGLAND · Age 77
Also on 2 other boards
director · Since 02/08/1999
RANGE DEVELOPER
BRITISH · UNITED KINGDOM · Age 53
Also on 3 other boards
director · Since 02/08/1999
ADMINISTRATIVE CONTROLLER
BRITISH · UNITED KINGDOM · Age 51
Also on 3 other boards
Persons with Significant Control
Readers Trading Ltd
33, South Street, Newport, PO30 1JE
Reg: 00431789 · Registrar Of Companies (England And Wales) · Limited Company
Notified 06/04/2016
Former PSCs
Mr Michael Reader
Ceased 06/04/2016
Charges1 outstanding
NATIONAL WESTMINSTER BANK PLC
CompanyRankvs 35152+ SIC 99999 peers31
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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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/03/2025
Net Worth
-£2k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
-£2k
Working capital
Current Assets
—
Current Liabilities
£2k
Balance Sheet
EstimatesDerived
| Year | Implied Profit |
|---|---|
| 2025 | +£0 |
| 2024 | +£0 |
Derived from filed accounts. Not audited figures.