read limited

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read limited Company Information

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Live 
Mature

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

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Directors

John Fothergill32 Years

John Pickering10 Years

Shareholders

kiplun europe bv 100%

read limited Estimated Valuation

£0

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

£0

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

£0

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

Health Check Image
Health Rating0out of 5
positive_score

0 Strong

positive_score

0 Regular

positive_score

3 Weak

size

Size

There is insufficient data available for this Key Performance Indicator!

- - Read Limited

- - Industry AVG

growth

Growth

There is insufficient data available for this Key Performance Indicator!

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- - Industry AVG

production

Production

There is insufficient data available for this Key Performance Indicator!

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- - Industry AVG

profitability

Profitability

There is insufficient data available for this Key Performance Indicator!

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- - Industry AVG

employees

Employees

with 6 employees, this is below the industry average (83)

- - Read Limited

- - Industry AVG

paystructure

Pay Structure

on an average salary of £333k, the company has a higher pay structure (£47.6k)

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- - Industry AVG

efficiency

Efficiency

There is insufficient data available for this Key Performance Indicator!

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- - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

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creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

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- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Read Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Read Limited

- - Industry AVG

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover000000000000000
Other Income Or Grants000000000000000
Cost Of Sales000000000000000
Gross Profit000000000000000
Admin Expenses3,137,0003,144,0002,634,0002,435,0002,534,0002,420,0002,540,0002,045,0001,673,0001,308,0001,432,8931,331,7211,245,6461,314,3581,256,842
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 Payable154,00061,000062,00080,000125,000182,000175,000208,000229,000236,489266,616211,996223,485490,540
Interest Receivable001,00000000005092,72785,5574,862710,526
Pre-Tax Profit-776,000-619,000-625,000-471,000-483,000-836,000-1,964,000-903,000-606,000-260,000-428,657-397,373-1,372,08527,930,5081,658,144
Tax774,000607,000498,000475,000500,000477,000518,000440,000255,000350,000375,628347,668624,33800
Profit After Tax-2,000-12,000-127,0004,00017,000-359,000-1,446,000-463,000-351,00090,000-53,029-49,705-747,74727,930,5081,658,144
Dividends Paid000000000000028,500,0002,457,415
Retained Profit-2,000-12,000-127,0004,00017,000-359,000-1,446,000-463,000-351,00090,000-53,029-49,705-747,747-569,492-799,271
Employee Costs1,998,0001,791,0001,571,0001,458,0001,566,0001,352,0001,570,0001,156,000871,000625,000580,456577,527591,946526,027520,466
Number Of Employees654444444433333
EBITDA*-3,136,000-3,144,000-2,633,000-2,434,000-2,528,000-2,388,000-2,507,000-2,022,000-1,606,00033,534,000-1,396,612-1,290,128-1,220,340-1,284,033-1,235,029

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets01,0001,00001,00028,00060,00091,00045,00041,00074,93680,181120,89176,601106,866
Intangible Assets000000000000000
Investments & Other1,351,0001,351,0001,351,0001,351,0001,351,0001,351,0001,351,0001,351,0001,351,0001,351,0001,351,0721,351,0721,351,0721,351,0721,851,072
Debtors (Due After 1 year)680,00000000000000000
Total Fixed Assets2,031,0001,352,0001,352,0001,351,0001,352,0001,379,0001,411,0001,442,0001,396,0001,392,0001,426,0081,431,2531,471,9631,427,6731,957,938
Stock & work in progress000000000000000
Trade Debtors000000000000000
Group Debtors31,260,00031,120,00028,729,00029,104,00029,049,00028,907,00028,493,00022,791,00022,598,00025,040,00025,840,73525,592,57324,792,57324,438,81723,938,817
Misc Debtors52,000159,000145,00099,000133,000210,000101,00084,00088,00074,000135,124556,934521,329571,524739,866
Cash000000000000000
misc current assets000000000000000
total current assets31,312,00031,279,00028,874,00029,203,00029,182,00029,117,00028,594,00022,875,00022,686,00025,114,00025,975,85926,149,50725,313,90225,010,34124,678,683
total assets33,343,00032,631,00030,226,00030,554,00030,534,00030,496,00030,005,00024,317,00024,082,00026,506,00027,401,86727,580,76026,785,86526,438,01426,636,621
Bank overdraft3,643,0005,488,0005,266,0004,667,0006,918,0008,042,0007,332,0006,484,0006,407,0006,553,0005,750,1656,589,6487,997,7227,139,5165,762,876
Bank loan800,000500,0000000428,0001,286,0000000000
Trade Creditors 3,00042,00028,00026,00055,00041,00077,00014,0007,00061,0005,56845,19533,90014,39446,254
Group/Directors Accounts29,565,00027,251,00026,199,00024,689,00025,056,00023,895,00022,904,00016,990,00016,589,00016,764,00018,054,44516,914,66417,264,29517,023,10917,885,531
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities365,000281,000402,0002,834,000171,000201,000482,00090,000321,00071,000196,395154,360134,778158,078269,551
total current liabilities34,376,00033,562,00031,895,00032,216,00032,200,00032,179,00031,223,00024,864,00023,324,00023,449,00024,006,57323,703,86725,430,69524,335,09723,964,212
loans650,000750,0000000429,00001,286,0003,464,0003,892,8584,321,4281,750,0001,750,0001,750,000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions000000000000000
total long term liabilities650,000750,0000000429,00001,286,0003,464,0003,892,8584,321,4281,750,0001,750,0001,750,000
total liabilities35,026,00034,312,00031,895,00032,216,00032,200,00032,179,00031,652,00024,864,00024,610,00026,913,00027,899,43128,025,29527,180,69526,085,09725,714,212
net assets-1,683,000-1,681,000-1,669,000-1,662,000-1,666,000-1,683,000-1,647,000-547,000-528,000-407,000-497,564-444,535-394,830352,917922,409
total shareholders funds-1,683,000-1,681,000-1,669,000-1,662,000-1,666,000-1,683,000-1,647,000-547,000-528,000-407,000-497,564-444,535-394,830352,917922,409
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 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
Depreciation1,00001,0001,0006,00032,00033,00023,00067,00034,842,00036,28141,59325,30630,32521,813
Amortisation000000000000000
Tax774,000607,000498,000475,000500,000477,000518,000440,000255,000350,000375,628347,668624,33800
Stock000000000000000
Debtors713,0002,405,000-329,00021,00065,000523,0005,719,000189,000-2,428,000-861,859-173,648835,605303,561331,65824,678,683
Creditors-39,00014,0002,000-29,00014,000-36,00063,0007,000-54,00055,432-39,62711,29519,506-31,86046,254
Accruals and Deferred Income84,000-121,000-2,432,0002,663,000-30,000-281,000392,000-231,000250,000-125,39542,03519,582-23,300-111,473269,551
Deferred Taxes & Provisions000000000000000
Cash flow from operations-3,030,000-5,049,000-4,236,000654,000-2,109,000-2,751,000-7,253,000-1,995,0001,273,00034,675,896-844,928-1,747,188-903,357-1,759,024-25,597,907
Investing Activities
capital expenditure00-2,000021,0000-2,000-69,000-71,000-34,808,064-31,036-883-69,596-60-128,679
Change in Investments000000000-72000-500,0001,851,072
cash flow from investments00-2,000021,0000-2,000-69,000-71,000-34,807,992-31,036-883-69,596499,940-1,979,751
Financing Activities
Bank loans300,000500,000000-428,000-858,0001,286,0000000000
Group/Directors Accounts2,314,0001,052,0001,510,000-367,0001,161,000991,0005,914,000401,000-175,000-1,290,4451,139,781-349,631241,186-862,42217,885,531
Other Short Term Loans 000000000000000
Long term loans-100,000750,000000-429,000429,000-1,286,000-2,178,000-428,858-428,5702,571,428001,750,000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000000000000000
share issue00120,00000323,000346,000444,000230,00056400001,721,680
interest-154,000-61,0001,000-62,000-80,000-125,000-182,000-175,000-208,000-229,000-235,980-263,889-126,439-218,623219,986
cash flow from financing2,360,0002,241,0001,631,000-429,0001,081,000332,0005,649,000670,000-2,331,000-1,947,739475,2311,957,908114,747-1,081,04521,577,197
cash and cash equivalents
cash000000000000000
overdraft-1,845,000222,000599,000-2,251,000-1,124,000710,000848,00077,000-146,000802,835-839,483-1,408,074858,2061,376,6405,762,876
change in cash1,845,000-222,000-599,0002,251,0001,124,000-710,000-848,000-77,000146,000-802,835839,4831,408,074-858,206-1,376,640-5,762,876

read limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Read Limited Competitor Analysis

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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.

READ LIMITED Shareholders

kiplun europe bv 100%

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).

officercountryagestartendrole
Mr John Fothergill63 years Nov 1991- Director
Mr John Pickering70 years Dec 2013- Director

P&L

December 2023

turnover

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 2023

net 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.

charges

read limited Companies House Filings - See Documents

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