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Free Readers Ltd

12714515

active
Private Limited Company
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)

Details

71-75 SHELTON STREET, LONDON, WC2H 9JQ
Incorporated 02/07/2020

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

85100
Pre-primary education
85200
Primary education
85520
Cultural education
85600
Educational support services

Officers

Mrs Alero Olubusola Fagbulu

secretary · Since 02/07/2020

Also on 2 other boards

Mrs Alero Olubusola Fagbulu

director · Since 02/07/2020

ENTREPRENEUR

BRITISH · ENGLAND · Age 55

Also on 2 other boards

Persons with Significant Control

Mrs Alero Olubusola Fagbulu

75–100% shares

British · England · Age 55

5 Drysdale Close, Northwood, HA6 2YT

Notified 02/07/2020

CompanyRankvs 2188+ SIC 85100 peers
67

Financial strength78th percentile among SIC peers · 20/25
Employees37th percentile among SIC peers · 6/15
LiquidityCurrent ratio 6.05× · 20/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
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2188Free Readers Ltd
66
How is this score calculated?
Financial strength20/25 pts

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

Employees6/15 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.

Longevity6/15 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 31/08/2025

Net Worth

£144k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£144k

Working capital

Current Assets

£173k

Current Liabilities

£29k

4avg. employees+3

Balance Sheet

Assets less current liabilities£144k
Signed by Ms Alero FAGBULU 27th March 2026Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20256.05+£43k
20242.77+£57k
20231.39+£6k
20224.31+£23k
20211.69—

Derived from filed accounts. Not audited figures.