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K C Read Decorating Limited

08084191

liquidation
Private Limited Company
england wales
Companies House
Insolvency history
Health Score
N/A

Details

KINGSBRIDGE CORPORATE SOLUTIONS, CROMWELL HOUSE, LINCOLN, LN6 7YT
Incorporated 25/05/2012

Compliance

Last accounts

31/03/2022

total exemption full

Next accounts due

31/12/2023

Overdue

Confirmation statement

Last: 16/11/2022

Due 30/11/2023

Overdue

Industry

43341
Painting

Officers

Mr Kieron Charles Read

director · Since 25/05/2012

DECORATOR

BRITISH · ENGLAND · Age 50

Also on 2 other boards

Persons with Significant Control

Mr Kieron Charles Read

50–75% shares
50–75% votes

British · England · Age 50

4 Henley Way, Doddington Road, Lincoln, LN6 3QR

Notified 06/04/2016

Mrs Lindsey Read

25–50% shares
25–50% votes

British · England · Age 43

4 Henley Way, Doddington Road, Lincoln, LN6 3QR

Notified 08/10/2018

Insolvency History1 case

creditors voluntary liquidation21/03/2023

Sarah Louise Burge (practitioner)

CompanyRankvs 15+ SIC 43341 peers
21

Financial strengthNo net worth data · 0/25
EmployeesNo employee data · 0/15
LiquidityCurrent ratio 0.18× · 2/20
Longevity14 years trading (max 15) · 14/15
Filing complianceAll filings up to date · 15/15
Insolvency history -10
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How is this score calculated?
Financial strength0/25 pts

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

Employees0/15 pts

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

Liquidity2/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity14/15 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

Insolvency history: -10 pts

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

Key FinancialsYear ending 31/03/2022

Net Worth

-£73k

Balance sheet strength

Cash

£4k

Cash in the bank

Net Current Assets

-£47k

Working capital

Current Assets

£10k

Current Liabilities

£58k

Fixed Assets

£26k

Debtors

£6k

3avg. employees

Balance Sheet

Intangible assets£3k
Assets less current liabilities-£22k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20220.18-£24k
20210.49

Derived from filed accounts. Not audited figures.