read limited Company Information
Company Number
00025334
Registered Address
cleveland house, norton road, stockton on tees, cleveland, TS20 2AQ
Industry
Manufacture of lifting and handling equipment
Telephone
01642702070
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
kiplun europe bv 100%
read limited Estimated Valuation
Pomanda estimates the enterprise value of READ LIMITED at £0 based on a Turnover of £0 and 0.51x industry multiple (adjusted for size and gross margin).
read limited Estimated Valuation
Pomanda estimates the enterprise value of READ LIMITED at £0 based on an EBITDA of £-3.1m and a 3.92x industry multiple (adjusted for size and gross margin).
read limited Estimated Valuation
Pomanda estimates the enterprise value of READ LIMITED at £0 based on Net Assets of £-1.7m and 2.14x industry multiple (adjusted for liquidity).
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Read Limited Overview
Read Limited is a live company located in stockton on tees, TS20 2AQ with a Companies House number of 00025334. It operates in the manufacture of lifting and handling equipment sector, SIC Code 28220. Founded in November 1887, it's largest shareholder is kiplun europe bv with a 100% stake. Read Limited is a mature, unknown sized company, Pomanda has estimated its turnover at £0 with unknown growth in recent years.
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Read Limited Health Check
There is insufficient data available to calculate a health check for Read Limited. Company Health Check FAQs
0 Strong
0 Regular
3 Weak
Size
There is insufficient data available for this Key Performance Indicator!
- - Read Limited
- - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Read Limited
- - Industry AVG
Production
There is insufficient data available for this Key Performance Indicator!
- - Read Limited
- - Industry AVG
Profitability
There is insufficient data available for this Key Performance Indicator!
- - Read Limited
- - Industry AVG
Employees
with 6 employees, this is below the industry average (83)
- - Read Limited
- - Industry AVG
Pay Structure
on an average salary of £333k, the company has a higher pay structure (£47.6k)
- - Read Limited
- - Industry AVG
Efficiency
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Read Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Read Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Read Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Read Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 105.1%, this is a higher level of debt than the average (54.9%)
- - Read Limited
- - Industry AVG
READ LIMITED financials
Read Limited's latest turnover from December 2023 is 0 and the company has net assets of -£1.7 million. According to their latest financial statements, Read Limited has 6 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Income Or Grants | |||||||||||||||
Cost Of Sales | |||||||||||||||
Gross Profit | |||||||||||||||
Admin Expenses | |||||||||||||||
Operating Profit | -3,137,000 | -3,144,000 | -2,634,000 | -2,435,000 | -2,534,000 | -2,420,000 | -2,540,000 | -2,045,000 | -1,673,000 | -1,308,000 | -1,432,893 | -1,331,721 | -1,245,646 | -1,314,358 | -1,256,842 |
Interest Payable | 154,000 | 61,000 | 0 | 62,000 | 80,000 | 125,000 | 182,000 | 175,000 | 208,000 | 229,000 | 236,489 | 266,616 | 211,996 | 223,485 | 490,540 |
Interest Receivable | 0 | 0 | 1,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 509 | 2,727 | 85,557 | 4,862 | 710,526 |
Pre-Tax Profit | -776,000 | -619,000 | -625,000 | -471,000 | -483,000 | -836,000 | -1,964,000 | -903,000 | -606,000 | -260,000 | -428,657 | -397,373 | -1,372,085 | 27,930,508 | 1,658,144 |
Tax | 774,000 | 607,000 | 498,000 | 475,000 | 500,000 | 477,000 | 518,000 | 440,000 | 255,000 | 350,000 | 375,628 | 347,668 | 624,338 | 0 | 0 |
Profit After Tax | -2,000 | -12,000 | -127,000 | 4,000 | 17,000 | -359,000 | -1,446,000 | -463,000 | -351,000 | 90,000 | -53,029 | -49,705 | -747,747 | 27,930,508 | 1,658,144 |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28,500,000 | 2,457,415 |
Retained Profit | -2,000 | -12,000 | -127,000 | 4,000 | 17,000 | -359,000 | -1,446,000 | -463,000 | -351,000 | 90,000 | -53,029 | -49,705 | -747,747 | -569,492 | -799,271 |
Employee Costs | 1,998,000 | 1,791,000 | 1,571,000 | 1,458,000 | 1,566,000 | 1,352,000 | 1,570,000 | 1,156,000 | 871,000 | 625,000 | 580,456 | 577,527 | 591,946 | 526,027 | 520,466 |
Number Of Employees | 6 | 5 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 |
EBITDA* | -3,136,000 | -3,144,000 | -2,633,000 | -2,434,000 | -2,528,000 | -2,388,000 | -2,507,000 | -2,022,000 | -1,606,000 | 33,534,000 | -1,396,612 | -1,290,128 | -1,220,340 | -1,284,033 | -1,235,029 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 0 | 1,000 | 1,000 | 0 | 1,000 | 28,000 | 60,000 | 91,000 | 45,000 | 41,000 | 74,936 | 80,181 | 120,891 | 76,601 | 106,866 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 1,351,000 | 1,351,000 | 1,351,000 | 1,351,000 | 1,351,000 | 1,351,000 | 1,351,000 | 1,351,000 | 1,351,000 | 1,351,000 | 1,351,072 | 1,351,072 | 1,351,072 | 1,351,072 | 1,851,072 |
Debtors (Due After 1 year) | 680,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 2,031,000 | 1,352,000 | 1,352,000 | 1,351,000 | 1,352,000 | 1,379,000 | 1,411,000 | 1,442,000 | 1,396,000 | 1,392,000 | 1,426,008 | 1,431,253 | 1,471,963 | 1,427,673 | 1,957,938 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group Debtors | 31,260,000 | 31,120,000 | 28,729,000 | 29,104,000 | 29,049,000 | 28,907,000 | 28,493,000 | 22,791,000 | 22,598,000 | 25,040,000 | 25,840,735 | 25,592,573 | 24,792,573 | 24,438,817 | 23,938,817 |
Misc Debtors | 52,000 | 159,000 | 145,000 | 99,000 | 133,000 | 210,000 | 101,000 | 84,000 | 88,000 | 74,000 | 135,124 | 556,934 | 521,329 | 571,524 | 739,866 |
Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 31,312,000 | 31,279,000 | 28,874,000 | 29,203,000 | 29,182,000 | 29,117,000 | 28,594,000 | 22,875,000 | 22,686,000 | 25,114,000 | 25,975,859 | 26,149,507 | 25,313,902 | 25,010,341 | 24,678,683 |
total assets | 33,343,000 | 32,631,000 | 30,226,000 | 30,554,000 | 30,534,000 | 30,496,000 | 30,005,000 | 24,317,000 | 24,082,000 | 26,506,000 | 27,401,867 | 27,580,760 | 26,785,865 | 26,438,014 | 26,636,621 |
Bank overdraft | 3,643,000 | 5,488,000 | 5,266,000 | 4,667,000 | 6,918,000 | 8,042,000 | 7,332,000 | 6,484,000 | 6,407,000 | 6,553,000 | 5,750,165 | 6,589,648 | 7,997,722 | 7,139,516 | 5,762,876 |
Bank loan | 800,000 | 500,000 | 0 | 0 | 0 | 0 | 428,000 | 1,286,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 3,000 | 42,000 | 28,000 | 26,000 | 55,000 | 41,000 | 77,000 | 14,000 | 7,000 | 61,000 | 5,568 | 45,195 | 33,900 | 14,394 | 46,254 |
Group/Directors Accounts | 29,565,000 | 27,251,000 | 26,199,000 | 24,689,000 | 25,056,000 | 23,895,000 | 22,904,000 | 16,990,000 | 16,589,000 | 16,764,000 | 18,054,445 | 16,914,664 | 17,264,295 | 17,023,109 | 17,885,531 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 365,000 | 281,000 | 402,000 | 2,834,000 | 171,000 | 201,000 | 482,000 | 90,000 | 321,000 | 71,000 | 196,395 | 154,360 | 134,778 | 158,078 | 269,551 |
total current liabilities | 34,376,000 | 33,562,000 | 31,895,000 | 32,216,000 | 32,200,000 | 32,179,000 | 31,223,000 | 24,864,000 | 23,324,000 | 23,449,000 | 24,006,573 | 23,703,867 | 25,430,695 | 24,335,097 | 23,964,212 |
loans | 650,000 | 750,000 | 0 | 0 | 0 | 0 | 429,000 | 0 | 1,286,000 | 3,464,000 | 3,892,858 | 4,321,428 | 1,750,000 | 1,750,000 | 1,750,000 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 650,000 | 750,000 | 0 | 0 | 0 | 0 | 429,000 | 0 | 1,286,000 | 3,464,000 | 3,892,858 | 4,321,428 | 1,750,000 | 1,750,000 | 1,750,000 |
total liabilities | 35,026,000 | 34,312,000 | 31,895,000 | 32,216,000 | 32,200,000 | 32,179,000 | 31,652,000 | 24,864,000 | 24,610,000 | 26,913,000 | 27,899,431 | 28,025,295 | 27,180,695 | 26,085,097 | 25,714,212 |
net assets | -1,683,000 | -1,681,000 | -1,669,000 | -1,662,000 | -1,666,000 | -1,683,000 | -1,647,000 | -547,000 | -528,000 | -407,000 | -497,564 | -444,535 | -394,830 | 352,917 | 922,409 |
total shareholders funds | -1,683,000 | -1,681,000 | -1,669,000 | -1,662,000 | -1,666,000 | -1,683,000 | -1,647,000 | -547,000 | -528,000 | -407,000 | -497,564 | -444,535 | -394,830 | 352,917 | 922,409 |
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||||||
Operating Profit | -3,137,000 | -3,144,000 | -2,634,000 | -2,435,000 | -2,534,000 | -2,420,000 | -2,540,000 | -2,045,000 | -1,673,000 | -1,308,000 | -1,432,893 | -1,331,721 | -1,245,646 | -1,314,358 | -1,256,842 |
Depreciation | 1,000 | 0 | 1,000 | 1,000 | 6,000 | 32,000 | 33,000 | 23,000 | 67,000 | 34,842,000 | 36,281 | 41,593 | 25,306 | 30,325 | 21,813 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | 774,000 | 607,000 | 498,000 | 475,000 | 500,000 | 477,000 | 518,000 | 440,000 | 255,000 | 350,000 | 375,628 | 347,668 | 624,338 | 0 | 0 |
Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors | 713,000 | 2,405,000 | -329,000 | 21,000 | 65,000 | 523,000 | 5,719,000 | 189,000 | -2,428,000 | -861,859 | -173,648 | 835,605 | 303,561 | 331,658 | 24,678,683 |
Creditors | -39,000 | 14,000 | 2,000 | -29,000 | 14,000 | -36,000 | 63,000 | 7,000 | -54,000 | 55,432 | -39,627 | 11,295 | 19,506 | -31,860 | 46,254 |
Accruals and Deferred Income | 84,000 | -121,000 | -2,432,000 | 2,663,000 | -30,000 | -281,000 | 392,000 | -231,000 | 250,000 | -125,395 | 42,035 | 19,582 | -23,300 | -111,473 | 269,551 |
Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | -3,030,000 | -5,049,000 | -4,236,000 | 654,000 | -2,109,000 | -2,751,000 | -7,253,000 | -1,995,000 | 1,273,000 | 34,675,896 | -844,928 | -1,747,188 | -903,357 | -1,759,024 | -25,597,907 |
Investing Activities | |||||||||||||||
capital expenditure | |||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -72 | 0 | 0 | 0 | -500,000 | 1,851,072 |
cash flow from investments | |||||||||||||||
Financing Activities | |||||||||||||||
Bank loans | 300,000 | 500,000 | 0 | 0 | 0 | -428,000 | -858,000 | 1,286,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 2,314,000 | 1,052,000 | 1,510,000 | -367,000 | 1,161,000 | 991,000 | 5,914,000 | 401,000 | -175,000 | -1,290,445 | 1,139,781 | -349,631 | 241,186 | -862,422 | 17,885,531 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | -100,000 | 750,000 | 0 | 0 | 0 | -429,000 | 429,000 | -1,286,000 | -2,178,000 | -428,858 | -428,570 | 2,571,428 | 0 | 0 | 1,750,000 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | |||||||||||||||
interest | -154,000 | -61,000 | 1,000 | -62,000 | -80,000 | -125,000 | -182,000 | -175,000 | -208,000 | -229,000 | -235,980 | -263,889 | -126,439 | -218,623 | 219,986 |
cash flow from financing | 2,360,000 | 2,241,000 | 1,631,000 | -429,000 | 1,081,000 | 332,000 | 5,649,000 | 670,000 | -2,331,000 | -1,947,739 | 475,231 | 1,957,908 | 114,747 | -1,081,045 | 21,577,197 |
cash and cash equivalents | |||||||||||||||
cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
overdraft | -1,845,000 | 222,000 | 599,000 | -2,251,000 | -1,124,000 | 710,000 | 848,000 | 77,000 | -146,000 | 802,835 | -839,483 | -1,408,074 | 858,206 | 1,376,640 | 5,762,876 |
change in cash | 1,845,000 | -222,000 | -599,000 | 2,251,000 | 1,124,000 | -710,000 | -848,000 | -77,000 | 146,000 | -802,835 | 839,483 | 1,408,074 | -858,206 | -1,376,640 | -5,762,876 |
read limited Credit Report and Business Information
Read Limited Competitor Analysis
Perform a competitor analysis for read limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mature companies, companies in TS20 area or any other competitors across 12 key performance metrics.
read limited Ownership
READ LIMITED group structure
Read Limited has 4 subsidiary companies.
Ultimate parent company
KIPLUN EUROPE BV
#0041198
2 parents
READ LIMITED
00025334
4 subsidiaries
read limited directors
Read Limited currently has 2 directors. The longest serving directors include Mr John Fothergill (Nov 1991) and Mr John Pickering (Dec 2013).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr John Fothergill | 63 years | Nov 1991 | - | Director | |
Mr John Pickering | 70 years | Dec 2013 | - | Director |
P&L
December 2023turnover
0
0%
operating profit
-3.1m
0%
gross margin
0%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-1.7m
0%
total assets
33.3m
+0.02%
cash
0
0%
net assets
Total assets minus all liabilities
read limited company details
company number
00025334
Type
Private limited with Share Capital
industry
28220 - Manufacture of lifting and handling equipment
incorporation date
November 1887
age
137
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
read holdings limited (December 2000)
pickerings limited (October 1996)
accountant
-
auditor
RSM UK AUDIT LLP
address
cleveland house, norton road, stockton on tees, cleveland, TS20 2AQ
Bank
-
Legal Advisor
-
read 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 found 3 charges/mortgages relating to read limited. Currently there are 3 open charges and 0 have been satisfied in the past.
read limited Companies House Filings - See Documents
date | description | view/download |
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