the read school enterprises limited
the read school enterprises limited Company Information
Company Number
03567217
Next Accounts
May 2025
Industry
Operation of sports facilities
Other holiday and other short-stay accommodation (not including holiday centres and villages or youth hostels) n.e.c.
Shareholders
brian watt
david pritchard
View AllGroup Structure
View All
Contact
Registered Address
main street, drax, selby, north yorkshire, YO8 8NL
Website
http://readschool.co.ukthe read school enterprises limited Estimated Valuation
Pomanda estimates the enterprise value of THE READ SCHOOL ENTERPRISES LIMITED at £174.2k based on a Turnover of £203.7k and 0.86x industry multiple (adjusted for size and gross margin).
the read school enterprises limited Estimated Valuation
Pomanda estimates the enterprise value of THE READ SCHOOL ENTERPRISES LIMITED at £0 based on an EBITDA of £-997 and a 3.83x industry multiple (adjusted for size and gross margin).
the read school enterprises limited Estimated Valuation
Pomanda estimates the enterprise value of THE READ SCHOOL ENTERPRISES LIMITED at £10 based on Net Assets of £5 and 2.13x industry multiple (adjusted for liquidity).
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The Read School Enterprises Limited Overview
The Read School Enterprises Limited is a live company located in selby, YO8 8NL with a Companies House number of 03567217. It operates in the other holiday and other collective accommodation sector, SIC Code 55209. Founded in May 1998, it's largest shareholder is brian watt with a 20% stake. The Read School Enterprises Limited is a mature, micro sized company, Pomanda has estimated its turnover at £203.7k with rapid growth in recent years.
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The Read School Enterprises Limited Health Check
Pomanda's financial health check has awarded The Read School Enterprises Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
5 Weak
Size
annual sales of £203.7k, make it smaller than the average company (£433.5k)
- The Read School Enterprises Limited
£433.5k - Industry AVG
Growth
3 year (CAGR) sales growth of 46%, show it is growing at a faster rate (5.8%)
- The Read School Enterprises Limited
5.8% - Industry AVG
Production
with a gross margin of 63.6%, this company has a comparable cost of product (63.6%)
- The Read School Enterprises Limited
63.6% - Industry AVG
Profitability
an operating margin of -0.5% make it less profitable than the average company (8.9%)
- The Read School Enterprises Limited
8.9% - Industry AVG
Employees
with 9 employees, this is below the industry average (14)
9 - The Read School Enterprises Limited
14 - Industry AVG
Pay Structure
on an average salary of £21.9k, the company has an equivalent pay structure (£21.9k)
- The Read School Enterprises Limited
£21.9k - Industry AVG
Efficiency
resulting in sales per employee of £22.6k, this is less efficient (£49.7k)
- The Read School Enterprises Limited
£49.7k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (13 days)
- The Read School Enterprises Limited
13 days - Industry AVG
Creditor Days
its suppliers are paid after 136 days, this is slower than average (57 days)
- The Read School Enterprises Limited
57 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- The Read School Enterprises Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 51 weeks, this is average cash available to meet short term requirements (43 weeks)
51 weeks - The Read School Enterprises Limited
43 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 100%, this is a higher level of debt than the average (48.7%)
100% - The Read School Enterprises Limited
48.7% - Industry AVG
THE READ SCHOOL ENTERPRISES LIMITED financials
The Read School Enterprises Limited's latest turnover from August 2023 is estimated at £203.7 thousand and the company has net assets of £5. According to their latest financial statements, The Read School Enterprises Limited has 9 employees and maintains cash reserves of £27.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 2,409 | 3,556 | |||||||||||||
| Other Income Or Grants | 0 | 0 | |||||||||||||
| Cost Of Sales | 0 | 0 | |||||||||||||
| Gross Profit | 2,409 | 3,556 | |||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | 0 | 0 | |||||||||||||
| Interest Receivable | 0 | 0 | |||||||||||||
| Pre-Tax Profit | 0 | 0 | |||||||||||||
| Tax | 0 | 0 | |||||||||||||
| Profit After Tax | 0 | 0 | |||||||||||||
| Dividends Paid | 0 | 0 | |||||||||||||
| Retained Profit | 0 | 0 | |||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 9 | 7 | 3 | 3 | 5 | 5 | 5 | ||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 290 | 1,519 | 4,774 | 99 | 3,581 | 3,233 | 1,878 | 2,389 | 1,294 | 1,534 | 772 | 497 | 1,208 | 2,776 | 3,731 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 27,399 | 10,618 | 23,292 | 11,502 | 1,477 | 65 | 1,515 | 369 | 1,954 | 1,723 | 945 | 5,216 | 2,166 | 1,411 | 812 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 27,689 | 12,137 | 28,066 | 11,601 | 5,058 | 3,298 | 3,393 | 2,758 | 3,248 | 3,257 | 1,717 | 5,713 | 3,374 | 4,187 | 4,543 |
| total assets | 27,689 | 12,137 | 28,066 | 11,601 | 5,058 | 3,298 | 3,393 | 2,758 | 3,248 | 3,257 | 1,717 | 5,713 | 3,374 | 4,187 | 4,543 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 27,684 | 10,164 | 25,783 | 3,110 | 3,475 | 3,451 | 3,546 | 2,911 | 3,401 | 3,410 | 1,870 | 5,866 | 3,527 | 4,340 | 4,696 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 0 | 1,968 | 2,278 | 1,671 | 358 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 27,684 | 12,132 | 28,061 | 4,781 | 3,833 | 3,451 | 3,546 | 2,911 | 3,401 | 3,410 | 1,870 | 5,866 | 3,527 | 4,340 | 4,696 |
| loans | 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 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 27,684 | 12,132 | 28,061 | 4,781 | 3,833 | 3,451 | 3,546 | 2,911 | 3,401 | 3,410 | 1,870 | 5,866 | 3,527 | 4,340 | 4,696 |
| net assets | 5 | 5 | 5 | 6,820 | 1,225 | -153 | -153 | -153 | -153 | -153 | -153 | -153 | -153 | -153 | -153 |
| total shareholders funds | 5 | 5 | 5 | 6,820 | 1,225 | -153 | -153 | -153 | -153 | -153 | -153 | -153 | -153 | -153 | -153 |
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | |||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -1,229 | -3,255 | 4,675 | -3,482 | 348 | 1,355 | -511 | 1,095 | -240 | 762 | 275 | -711 | -1,568 | -955 | 3,731 |
| Creditors | 17,520 | -15,619 | 22,673 | -365 | 24 | -95 | 635 | -490 | -9 | 1,540 | -3,996 | 2,339 | -813 | -356 | 4,696 |
| Accruals and Deferred Income | -1,968 | -310 | 607 | 1,313 | 358 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 0 | 0 | |||||||||||||
| cash flow from financing | 0 | 0 | |||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 16,781 | -12,674 | 11,790 | 10,025 | 1,412 | -1,450 | 1,146 | -1,585 | 231 | 778 | -4,271 | 3,050 | 755 | 599 | 812 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 16,781 | -12,674 | 11,790 | 10,025 | 1,412 | -1,450 | 1,146 | -1,585 | 231 | 778 | -4,271 | 3,050 | 755 | 599 | 812 |
the read school enterprises limited Credit Report and Business Information
The Read School Enterprises Limited Competitor Analysis
Perform a competitor analysis for the read school enterprises limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other micro companies, companies in YO8 area or any other competitors across 12 key performance metrics.
the read school enterprises limited Ownership
THE READ SCHOOL ENTERPRISES LIMITED group structure
The Read School Enterprises Limited has no subsidiary companies.
Ultimate parent company
THE READ SCHOOL ENTERPRISES LIMITED
03567217
the read school enterprises limited directors
The Read School Enterprises Limited currently has 10 directors. The longest serving directors include Mr Brian Watt (May 2020) and Mr David Pritchard (Jan 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Brian Watt | 74 years | May 2020 | - | Director | |
| Mr David Pritchard | 80 years | Jan 2021 | - | Director | |
| Mr Chris Sunley | 74 years | Mar 2022 | - | Director | |
| Dr Richard Wh | 46 years | Mar 2022 | - | Director | |
| Mr Graeme Campbell | England | 49 years | Oct 2022 | - | Director |
| Mrs Kimberley O'Hara | 55 years | Nov 2022 | - | Director | |
| Ms Tracy Butler | 45 years | Mar 2023 | - | Director | |
| Mrs Lisa Dukes | 41 years | Jun 2023 | - | Director | |
| Mr Jonathan Inglis | 52 years | Dec 2023 | - | Director | |
| Ms Jane Breach | 48 years | Sep 2024 | - | Director |
P&L
August 2023turnover
203.7k
+33%
operating profit
-998
0%
gross margin
63.6%
+1.73%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
5
0%
total assets
27.7k
+1.28%
cash
27.4k
+1.58%
net assets
Total assets minus all liabilities
the read school enterprises limited company details
company number
03567217
Type
Private limited with Share Capital
industry
93110 - Operation of sports facilities
55209 - Other holiday and other short-stay accommodation (not including holiday centres and villages or youth hostels) n.e.c.
incorporation date
May 1998
age
27
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
August 2023
previous names
N/A
accountant
-
auditor
-
address
main street, drax, selby, north yorkshire, YO8 8NL
Bank
BARCLAYS BANK PLC
Legal Advisor
-
the read school enterprises 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 the read school enterprises limited.
the read school enterprises limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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the read school enterprises limited Companies House Filings - See Documents
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