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Reads Homestead Limited

13921312

active
Private Limited Company
Companies House
Health Score
76 / 100

Some Concerns

30/30
Filing
10/30
Financial
36/40
Risk
  • Negative net worth (-10)
  • 2 outstanding charges (-4)

Details

THE OLD COACH HOUSE CHURCH LANE, YORK, YO41 4HD
Incorporated 16/02/2022

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68100
Buying and selling of own real estate
68201
Renting and operating of Housing Association real estate
68209
Other letting and operating of own or leased real estate
68320
Management of real estate on a fee or contract basis

Officers

Mr Paul Read

director · Since 16/02/2022

GENERAL MANAGER

BRITISH · ENGLAND · Age 59

Mrs Tracey Anne Read

director · Since 16/02/2022

GENERAL MANAGER

BRITISH · ENGLAND · Age 57

Persons with Significant Control

Mr Paul Read

25–50% shares
25–50% votes
Appoint directors

British · England · Age 59

The Old Coach House, Church Lane, York, YO41 4HD

Notified 16/02/2022

Mrs Tracey Anne Read

25–50% shares
25–50% votes
Appoint directors

British · England · Age 57

The Old Coach House, Church Lane, York, YO41 4HD

Notified 16/02/2022

Charges2 outstanding

Charge
outstanding

THE MORTGAGE WORKS (UK) PLC

Created 10/09/2025Registered 10/09/2025
Charge
outstanding

ALDERMORE BANK PLC

Created 27/09/2024Registered 30/09/2024
Charge
satisfied

THE MORTGAGE WORKS (UK) PLC

Created 17/06/2022Registered 17/06/2022Satisfied 05/06/2024

CompanyRankvs 137735+ SIC 68100 peers
22

Financial strength7th percentile among SIC peers · 2/25
Employees60th percentile among SIC peers · 9/15
LiquidityCurrent ratio 0.23× · 2/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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137735Reads Homestead Limited
32
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.

Longevity4/15 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 28/02/2025

Net Worth

-£46k

Balance sheet strength

Cash

£2k

Cash in the bank

Net Current Assets

-£108k

Working capital

Current Assets

£32k

Current Liabilities

£140k

Fixed Assets

£189k

Debtors

£30k

1avg. employees-1

Balance Sheet

Assets less current liabilities£80k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.23-£44k
2024—+£1k

Derived from filed accounts. Not audited figures.