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Readman Steel Limited

05634171

active
Private Limited Company
Companies House
Health Score
81 / 100

Healthy

25/30
Filing
20/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • 2 outstanding charges (-4)

Details

COCHRANES WHARF, MIDDLESBOROUGH, TS3 6AW
Incorporated 24/11/2005

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

24200
Manufacture of tubes, pipes, hollow profiles and related fittings, of steel

Officers

Richard William Readman

director · Since 24/11/2005

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 65

Also on 5 other boards

Wayne Ashton Britton

secretary · Since 31/12/2013

BRITISH

Also on 1 other board

Wayne Ashton Britton

director · Since 31/12/2013

DIRECTOR

BRITISH · ENGLAND · Age 54

Also on 1 other board

Persons with Significant Control

W.G.R. (Steels) Limited

75–100% shares
75–100% votes
Appoint directors

Cochranes Wharf, Dockside Road, Middlesborough, TS3 6AW

Reg: 02276788 · Companies House · Limited By Shares

Notified 06/04/2016

Charges2 outstanding

charge
outstanding

BARCLAYS BANK PLC

Created 31/08/2011Registered 07/09/2011
charge
satisfied

LLOYDS TSB COMMERCIAL FINANCE LIMITED

Created 27/02/2006Registered 03/03/2006Satisfied 08/03/2012
charge
outstanding

BARCLAYS BANK PLC

Created 17/01/2006Registered 21/01/2006

CompanyRankvs 21+ SIC 24200 peers
78

Financial strength97th percentile among SIC peers · 24/25
Employees91th percentile among SIC peers · 14/15
LiquidityCurrent ratio 4.62× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength24/25 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.

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 31/03/2024

Net Worth

£5.2M

Balance sheet strength

Cash

£3.2M

Cash in the bank

Net Current Assets

£5.1M

Working capital

Current Assets

£6.5M

Current Liabilities

£1.4M

Fixed Assets

£112k

Debtors

£497k

18avg. employees

Tax at Year End

Corp tax£75k

Balance Sheet

Assets less current liabilities£5.2M
Prepared with Sage Accounts Production Advanced 2021 - FRS102_2021

EstimatesDerived

YearCurrent Ratio
20244.62

Derived from filed accounts. Not audited figures.