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Read Properties Ltd

13202574

active
ltd
england wales
Companies House
Health Score
60 / 100

Some Concerns

30/30
Filing
0/30
Financial
30/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 6 outstanding charges (-10)

Details

Dalton House, 9 Dalton Square, Lancaster, LA1 1WD
Incorporated 15/02/2021

Compliance

Last accounts

28/02/2026

micro entity

Next accounts due

30/11/2027

On track

Confirmation statement

Last: 14/02/2026

Due 28/02/2027

On track

Industry

68100
Buying and selling of own real estate
68209
Other letting and operating of own or leased real estate

Officers

Mr Gareth John Read

director · Since 15/02/2021

ELECTRICIAN

BRITISH · ENGLAND · Age 44

Also on 1 other board

Gareth John Read

director · Since 15/02/2021

British · England · Age 44

Persons with Significant Control

Mr Gareth John Read

75–100% shares

British · England · Age 44

Dalton House, 9 Dalton Square, Lancaster, LA1 1WD

Notified 15/02/2021

Charges6 outstanding

Charge
outstanding

ROMACO SPV 2 LIMITED

Created 22/05/2026Registered 22/05/2026
Charge
outstanding

ROMACO SPV 2 LIMITED

Created 22/05/2026Registered 22/05/2026
Charge
outstanding

ONESAVINGS BANK PLC

Created 13/03/2026Registered 20/03/2026
Charge
outstanding

ROMACO SPV 2 LIMITED

Created 22/05/2025Registered 28/05/2025
Charge
outstanding

ROMACO SPV 2 LIMITED

Created 22/05/2025Registered 28/05/2025
Charge
outstanding

THE MORTGAGE WORKS (UK) PLC

Created 17/05/2024Registered 31/05/2024

Change History

officer appointed → READ, Gareth John
2026-08-06
status → active
2026-08-06

Active

type → ltd
2026-08-06

Private Limited Company

address line1 → Dalton House
2026-08-06

DALTON HOUSE

post town → Lancaster
2026-08-06

LANCASTER

CompanyRankvs 135639+ SIC 68100 peers
24

Financial strength9th percentile among SIC peers · 2/25
Employees59th percentile among SIC peers · 9/15
LiquidityCurrent ratio 0.06× · 2/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength2/25 pts

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

Employees9/15 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.

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.

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 28/02/2026

Net Worth

-£34k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£175k

Working capital

Current Assets

£10k

Current Liabilities

£186k

Fixed Assets

£469k

1avg. employees

Balance Sheet

Assets less current liabilities£294k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20260.06-£8k
20250.17-£4k
20240.02-£20k
20230.05—

Derived from filed accounts. Not audited figures.