Read Motor Group Limited
07110298
Some Concerns
- No accounts filed in last 18 months (-5)
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 2 outstanding charges (-4)
Details
Compliance
Last accounts
31/12/2024
group
Next accounts due
30/09/2026
Confirmation statement
Last: 22/12/2025
Due 05/01/2027
Industry
Officers
director · Since 05/01/2010
MOTOR DEALER
BRITISH · ENGLAND · Age 62
Also on 6 other boards
director · Since 05/01/2010
MARKETING MANAGER
BRITISH · ENGLAND · Age 62
Also on 7 other boards
Persons with Significant Control
Mr Michael Read
British · England · Age 62
Retford Road, Worksop, S80 2QD
Notified 06/04/2016
Charges2 outstanding
SVENSKA HANDELSBANKEN AB (PUBL)
MORTGAGE DEBENTURE
HYUNDAI CAPITAL UK LIMITED
SVENSKA HANDELSBANKEN AB (PUBL)
CompanyRankvs 3939+ SIC 64209 peers55
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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
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group'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
Key FinancialsYear ending 31/12/2024
Turnover
£141.4M
Annual revenue
Net Worth
£6.4M
Balance sheet strength
Cash
£121k
Cash in the bank
Profit Before Tax
-£454k
Bottom line earnings
Net Current Assets
-£1.5M
Working capital
Current Assets
£32.8M
Current Liabilities
£34.2M
Fixed Assets
£10.2M
Debtors
£6.1M
Cost of Sales
£128.8M
Gross Profit
£12.6M
Admin Expenses
£11.7M
Operating Profit
£910k
Profit After Tax
-£438k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.96 | -£678k |
| 2023 | 0.97 | +£444k |
| 2022 | 0.99 | — |
Derived from filed accounts. Not audited figures.