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Read Veneers Limited

06037894

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)

Details

11 CHURCH ROAD, HALSTEAD, CO9 2PL
Incorporated 28/12/2006

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

31090
Manufacture of other furniture

Officers

Donna Read

secretary · Since 19/01/2007

BRITISH

Mr Paul Andrew Read

director · Since 19/01/2007

VENEER PREPARER

BRITISH · UNITED KINGDOM · Age 60

Also on 2 other boards

Persons with Significant Control

Donna Read

25–50% shares
25–50% votes

British · United Kingdom · Age 60

Reads Barn, Parkers Farm Road, Orsett, Grays, RM16 3HX

Notified 06/04/2016

Mr Paul Andrew Read

25–50% shares
25–50% votes
Appoint directors

British · United Kingdom · Age 60

Reads Barn, Parkers Farm Road, Orsett, Grays, RM16 3HX

Notified 06/04/2016

CompanyRankvs 126+ SIC 31090 peers
87

Financial strength98th percentile among SIC peers · 25/25
Employees83th percentile among SIC peers · 12/15
LiquidityCurrent ratio 6.15× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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126Read Veneers Limited
87
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.

Employees12/15 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.

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

Key FinancialsYear ending 31/12/2024

Net Worth

£1.6M

Balance sheet strength

Cash

£118k

Cash in the bank

Net Current Assets

£425k

Working capital

Current Assets

£507k

Current Liabilities

£82k

Fixed Assets

£1.2M

Debtors

£383k

6avg. employees

Tax at Year End

Corp tax£31k

Balance Sheet

Assets less current liabilities£1.6M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20246.15—
20235.34—
20228.39+£246k
20215.26—

Derived from filed accounts. Not audited figures.