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Read Hyundai Limited

05553318

active
Private Limited Company
Companies House
Health Score
85 / 100

Healthy

25/30
Filing
20/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)

Details

RETFORD ROAD, WORKSOP, S80 2QD
Incorporated 02/09/2005

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

45111
Sale of new cars and light motor vehicles

Officers

Nicola Jane Read

secretary · Since 26/02/2010

BRITISH

Michael David Read

director · Since 26/02/2010

DIRECTOR

BRITISH · ENGLAND · Age 62

Also on 6 other boards

Mrs Nicola Jane Read

director · Since 26/02/2010

DIRECTOR

BRITISH · ENGLAND · Age 62

Also on 7 other boards

Persons with Significant Control

Read Automotive Holdings Limited

75–100% shares

., Railway Street, Grimsby, DN32 7BN

Reg: 07110298 · England · Private Limited Company

Notified 06/04/2016

Charges0 outstanding

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SVENSKA HANDELSBANKEN AB (PUBL)

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HYUNDAI CAR FINANCE LIMITED · HYUNDAI CAR FINANCE LIMITED

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CompanyRankvs 358+ SIC 45111 peers
69

Financial strength93th percentile among SIC peers · 23/25
Employees96th percentile among SIC peers · 14/15
LiquidityCurrent ratio 1.17× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength23/25 pts

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

Employees14/15 pts

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

Liquidity12/20 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

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

£20.8M

Annual revenue

Net Worth

£3.0M

Balance sheet strength

Cash

£929

Cash in the bank

Profit Before Tax

£102k

Bottom line earnings

Net Current Assets

£1.3M

Working capital

Current Assets

£8.9M

Current Liabilities

£7.6M

Fixed Assets

£2.7M

Debtors

£6.5M

Cost of Sales

£19.1M

Gross Profit

£1.7M

Admin Expenses

£1.4M

Profit After Tax

£73k

74avg. employees+1

Tax at Year End

Dividends paid-£90k

People Costs

Wages & salaries£1.8M
NI contributions£168k

Balance Sheet

Intangible assets£11k
Bank loans & overdrafts£931k
Assets less current liabilities£4.0M
Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20241.17-£17k
20231.29

Derived from filed accounts. Not audited figures.