read associates limited
read associates limited Company Information
Company Number
06076872
Website
-Registered Address
griffins tavistock house south, tavistock square, london, WC1H 9LG
Industry
Construction of commercial buildings
Telephone
-
Next Accounts Due
June 2024
Group Structure
View All
Directors
Mark Read17 Years
Shareholders
mark read 100%
read associates limited Estimated Valuation
Pomanda estimates the enterprise value of READ ASSOCIATES LIMITED at £1.3m based on a Turnover of £4.4m and 0.29x industry multiple (adjusted for size and gross margin).
read associates limited Estimated Valuation
Pomanda estimates the enterprise value of READ ASSOCIATES LIMITED at £0 based on an EBITDA of £-82.7k and a 2.48x industry multiple (adjusted for size and gross margin).
read associates limited Estimated Valuation
Pomanda estimates the enterprise value of READ ASSOCIATES LIMITED at £91.5k based on Net Assets of £72.6k and 1.26x industry multiple (adjusted for liquidity).
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Read Associates Limited Overview
Read Associates Limited is a dissolved company that was located in london, WC1H 9LG with a Companies House number of 06076872. It operated in the construction of commercial buildings sector, SIC Code 41201. Founded in February 2007, it's largest shareholder was mark read with a 100% stake. The last turnover for Read Associates Limited was estimated at £4.4m.
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Read Associates Limited Health Check
Pomanda's financial health check has awarded Read Associates Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 8 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
8 Weak
Size
annual sales of £4.4m, make it smaller than the average company (£6.8m)
- Read Associates Limited
£6.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 31%, show it is growing at a faster rate (2.5%)
- Read Associates Limited
2.5% - Industry AVG
Production
with a gross margin of 7.9%, this company has a higher cost of product (14%)
- Read Associates Limited
14% - Industry AVG
Profitability
an operating margin of -2.6% make it less profitable than the average company (2.8%)
- Read Associates Limited
2.8% - Industry AVG
Employees
with 10 employees, this is below the industry average (65)
- Read Associates Limited
65 - Industry AVG
Pay Structure
on an average salary of £38.6k, the company has an equivalent pay structure (£38.6k)
- Read Associates Limited
£38.6k - Industry AVG
Efficiency
resulting in sales per employee of £438.6k, this is more efficient (£273.5k)
- Read Associates Limited
£273.5k - Industry AVG
Debtor Days
it gets paid by customers after 65 days, this is later than average (45 days)
- Read Associates Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 99 days, this is slower than average (43 days)
- Read Associates Limited
43 days - Industry AVG
Stock Days
it holds stock equivalent to 73 days, this is more than average (15 days)
- Read Associates Limited
15 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (14 weeks)
0 weeks - Read Associates Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 95.8%, this is a higher level of debt than the average (75.2%)
95.8% - Read Associates Limited
75.2% - Industry AVG
read associates limited Credit Report and Business Information
Read Associates Limited Competitor Analysis
Perform a competitor analysis for read associates limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
read associates limited Ownership
READ ASSOCIATES LIMITED group structure
Read Associates Limited has no subsidiary companies.
Ultimate parent company
READ ASSOCIATES LIMITED
06076872
read associates limited directors
Read Associates Limited currently has 1 director, Mr Mark Read serving since Feb 2007.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Read | England | 45 years | Feb 2007 | - | Director |
READ ASSOCIATES LIMITED financials
Read Associates Limited's latest turnover from May 2013 is estimated at £4.4 million and the company has net assets of £72.6 thousand. According to their latest financial statements, we estimate that Read Associates Limited has 10 employees and maintains cash reserves of £36 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|
| Turnover | ||||
| Other Income Or Grants | ||||
| Cost Of Sales | ||||
| Gross Profit | ||||
| Admin Expenses | ||||
| Operating Profit | ||||
| Interest Payable | ||||
| Interest Receivable | ||||
| Pre-Tax Profit | ||||
| Tax | ||||
| Profit After Tax | ||||
| Dividends Paid | ||||
| Retained Profit | ||||
| Employee Costs | ||||
| Number Of Employees | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|
| Tangible Assets | 131,203 | 98,314 | 69,432 | 66,645 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 131,203 | 98,314 | 69,432 | 66,645 |
| Stock & work in progress | 815,618 | 976,641 | 255,532 | 139,824 |
| Trade Debtors | 781,275 | 437,474 | 523,107 | 394,721 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 6,148 | 19,233 | 305 | 0 |
| Cash | 36 | 36 | 536 | 17,426 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 1,603,077 | 1,433,384 | 779,480 | 551,971 |
| total assets | 1,734,280 | 1,531,698 | 848,912 | 618,616 |
| Bank overdraft | 107,434 | 53,666 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,105,497 | 943,345 | 720,474 | 508,552 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 12,820 | 12,439 | 0 | 0 |
| other current liabilities | 371,429 | 302,198 | 0 | 0 |
| total current liabilities | 1,597,180 | 1,311,648 | 720,474 | 508,552 |
| loans | 4,756 | 0 | 0 | 0 |
| hp & lease commitments | 59,714 | 21,600 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 5,536 | 5,748 |
| provisions | 0 | 7,843 | 0 | 0 |
| total long term liabilities | 64,470 | 29,443 | 5,536 | 5,748 |
| total liabilities | 1,661,650 | 1,341,091 | 726,010 | 514,300 |
| net assets | 72,630 | 190,607 | 122,902 | 104,316 |
| total shareholders funds | 72,630 | 190,607 | 122,902 | 104,316 |
| May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 29,846 | 10,952 | 9,083 | 8,326 |
| Amortisation | 0 | 0 | 0 | 0 |
| Tax | ||||
| Stock | -161,023 | 721,109 | 115,708 | 139,824 |
| Debtors | 330,716 | -66,705 | 128,691 | 394,721 |
| Creditors | 162,152 | 222,871 | 211,922 | 508,552 |
| Accruals and Deferred Income | 69,231 | 302,198 | 0 | 0 |
| Deferred Taxes & Provisions | -7,843 | 7,843 | 0 | 0 |
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | 4,756 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 38,495 | 34,039 | 0 | 0 |
| other long term liabilities | 0 | -5,536 | -212 | 5,748 |
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | 0 | -500 | -16,890 | 17,426 |
| overdraft | 53,768 | 53,666 | 0 | 0 |
| change in cash | -53,768 | -54,166 | -16,890 | 17,426 |
P&L
May 2013turnover
4.4m
+38%
operating profit
-112.6k
0%
gross margin
7.9%
-3.4%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2013net assets
72.6k
-0.62%
total assets
1.7m
+0.13%
cash
36
0%
net assets
Total assets minus all liabilities
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read associates limited company details
company number
06076872
Type
Private limited with Share Capital
industry
41201 - Construction of commercial buildings
incorporation date
February 2007
age
17
accounts
Total Exemption Small
ultimate parent company
previous names
N/A
incorporated
UK
address
griffins tavistock house south, tavistock square, london, WC1H 9LG
last accounts submitted
May 2013
read associates limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We did not find charges/mortgages relating to read associates limited.
read associates limited Companies House Filings - See Documents
| date | description | view/download |
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