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Read Hyundai Boston Limited

10985707

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

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

Details

RETFORD ROAD, WORKSOP, S80 2QD
Incorporated 28/09/2017

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

45111
Sale of new cars and light motor vehicles
45112
Sale of used cars and light motor vehicles
45200
Maintenance and repair of motor vehicles
45320
Retail trade of motor vehicle parts and accessories

Officers

Mrs Nicola Jane Read

secretary · Since 28/09/2017

Also on 8 other boards

Michael David Read

director · Since 28/09/2017

DIRECTOR

BRITISH · ENGLAND · Age 62

Also on 6 other boards

Mrs Nicola Jane Read

director · Since 28/09/2017

MARKETING MANAGER

BRITISH · ENGLAND · Age 62

Also on 8 other boards

Persons with Significant Control

Read Motor Group Limited

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

Altyre Altyre, Hewitts Avenue Business Park, Grimsby, DN36 4RJ

Reg: 07110298 · Read Motor Group Limited · Private Limited Company

Notified 28/09/2017

Charges5 outstanding

A registered charge
satisfied

SVENSKA HANDELSBANKEN AB (PUBL)

Created 27/12/2017Registered 25/06/2026Satisfied 25/06/2026
A registered charge
satisfied

SVENSKA HANDELSBANKEN AB (PUBL)

Created 04/01/2018Registered 25/06/2026Satisfied 25/06/2026
Charge
outstanding

HYUNDAI CAPITAL UK LIMITED

Created 27/03/2026Registered 03/04/2026
Charge
outstanding

HYUNDAI CAPITAL UK LIMITED

Created 27/03/2026Registered 03/04/2026
Charge
outstanding

SVENSKA HANDELSBANKEN AB (PUBL)

Created 27/12/2017Registered 08/01/2018
Charge
outstanding

SVENSKA HANDELSBANKEN AB (PUBL)

Created 04/01/2018Registered 08/01/2018
Charge
outstanding

HYUNDAI CAPITAL UK LIMITED

Created 28/12/2017Registered 28/12/2017

CompanyRankvs 1550+ SIC 45111 peers
45

Financial strength46th percentile among SIC peers · 12/25
Employees86th percentile among SIC peers · 13/15
LiquidityCurrent ratio 0.75× · 6/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength12/25 pts

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

Employees13/15 pts

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

Liquidity6/20 pts

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

Longevity9/15 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 31/12/2024

Net Worth

£5k

Balance sheet strength

Cash

£4k

Cash in the bank

Net Current Assets

-£1.1M

Working capital

Current Assets

£3.3M

Current Liabilities

£4.4M

Fixed Assets

£1.4M

Debtors

£1.7M

17avg. employees

People Costs(2023)

Wages & salaries£471k
NI contributions£39k

Balance Sheet

Bank loans & overdrafts£252k
Assets less current liabilities£278k
Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20240.75-£79k
20230.76

Derived from filed accounts. Not audited figures.