Read's Worldwide Limited

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read's worldwide limited Company Information

Live

MatureSmallDeclining

Company Number

03922829

Website

www.readsremovals.com

Registered Address

unit 14 autumn park, dysart road, grantham, NG31 7DD

Industry

Freight transport by road

Telephone

01733557557

Next Accounts Due

March 2025

Group Structure

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Directors

Paul Fletcher24 Years

Shareholders

phillip fletcher 25%

timothy fletcher 25%

View All

read's worldwide limited Estimated Valuation

£257.5k - £533.2k

The estimated valuation range for read's worldwide limited, derived from financial data as of June 2023 and the most recent industry multiples, is between £257.5k to £533.2k

Get a detailed valuation report, edit figures and unlock valuation multiples.

Read's Worldwide Limited AI Business Plan

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Read's Worldwide Limited is a live company located in grantham, NG31 7DD with a Companies House number of 03922829. It operates in the freight transport by road sector, SIC Code 49410. Founded in February 2000, it's largest shareholder is phillip fletcher with a 25% stake. Read's Worldwide Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.4m with declining growth in recent years.

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Pomanda's financial health check has awarded Read'S Worldwide Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

2 Regular

6 Weak

Size

annual sales of £1.4m, make it smaller than the average company (£9m)

Growth

3 year (CAGR) sales growth of -8%, show it is growing at a slower rate (8.5%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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READ'S WORLDWIDE LIMITED group structure

Read'S Worldwide Limited has no subsidiary companies.

Ultimate parent company

READ'S WORLDWIDE LIMITED

03922829

READ'S WORLDWIDE LIMITED Shareholders

phillip fletcher	25%
timothy fletcher	25%
sarah fletcher	25%
marc fletcher	25%

Read'S Worldwide Limited currently has 1 director, Mr Paul Fletcher serving since Feb 2000.

officer	country	age	start	end	role
Mr Paul Fletcher		70 years	Feb 2000	-	Director

EXPORT

Read'S Worldwide Limited's latest turnover from June 2023 is estimated at £1.4 million and the company has net assets of £146.5 thousand. According to their latest financial statements, Read'S Worldwide Limited has 4 employees and maintains cash reserves of £194.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	1,365,464	1,186,353	1,620,437	1,737,633	2,159,096	2,397,128	1,817,512	1,536,238	3,674,223	4,032,577	6,301,620	4,100,674	2,339,216	2,541,022
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,068,932	933,183	1,288,784	1,392,536	1,738,654	1,930,710	1,452,564	1,225,159	2,971,392	3,273,709	5,135,595	3,332,081	1,884,180	1,991,699
Gross Profit	296,532	253,170	331,653	345,097	420,443	466,418	364,948	311,079	702,831	758,869	1,166,025	768,594	455,035	549,323
Admin Expenses	254,348	252,902	332,602	368,306	463,481	446,508	389,988	404,400	713,527	747,796	1,164,556	782,427	463,351	544,933
Operating Profit	42,184	268	-949	-23,209	-43,038	19,910	-25,040	-93,321	-10,696	11,073	1,469	-13,833	-8,316	4,390
Interest Payable	4,391	3,323	1,525	208	1,396	2,129	1,013	47	0	2,434	2,434	0	0	0
Interest Receivable	9,027	1,586	88	44	0	14	11	23	41	30	466	886	972	547
Pre-Tax Profit	46,820	-1,469	-2,386	-23,373	-44,434	17,795	-26,042	-93,345	-10,655	8,668	-499	-12,947	-7,344	4,938
Tax	-11,705	0	0	0	0	-3,381	0	0	0	-1,820	0	0	0	-1,382
Profit After Tax	35,115	-1,469	-2,386	-23,373	-44,434	14,414	-26,042	-93,345	-10,655	6,848	-499	-12,947	-7,344	3,555
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	35,115	-1,469	-2,386	-23,373	-44,434	14,414	-26,042	-93,345	-10,655	6,848	-499	-12,947	-7,344	3,555
Employee Costs	158,047	224,682	241,517	239,453	507,619	488,709	351,763	283,708	990,081	1,075,676	1,696,450	1,108,787	632,326	705,838
Number Of Employees	4	6	7	7	15	15	11	9	32	36	57	38	22	25
EBITDA*	70,695	18,774	31,360	15,602	6,780	71,393	11,220	-55,727	31,463	53,232	21,815	11,188	21,480	40,766

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	78,468	106,979	122,263	197,627	236,438	286,256	220,737	245,397	282,496	324,655	366,814	71,926	96,947	126,741
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	78,468	106,979	122,263	197,627	236,438	286,256	220,737	245,397	282,496	324,655	366,814	71,926	96,947	126,741
Stock & work in progress	70,000	70,000	70,000	70,000	79,259	79,259	79,259	79,205	80,012	72,316	68,316	48,195	41,945	46,944
Trade Debtors	47,886	10,707	31,164	27,122	31,894	122,447	82,707	60,988	370,743	452,163	825,255	475,387	217,685	230,106
Group Debtors	386,714	387,163	391,791	177,257	533,807	127,867	306,564	210,724	0	0	0	0	0	0
Misc Debtors	0	0	0	131,366	90,100	90,145	59,266	57,679	0	0	0	0	0	0
Cash	194,234	166,835	86,981	88,925	0	0	5,501	3,190	6,119	10,120	1,780	184,544	169,891	218,887
misc current assets	0	0	0	0	0	12,272	476	0	0	0	0	0	0	0
total current assets	698,834	634,705	579,936	494,670	735,060	431,990	533,773	411,786	456,874	534,599	895,351	708,126	429,521	495,937
total assets	777,302	741,684	702,199	692,297	971,498	718,246	754,510	657,183	739,370	859,254	1,262,165	780,052	526,468	622,678
Bank overdraft	6,000	6,000	10,000	0	0	34,527	30,973	1,445	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	111,439	67,572	170,339	214,741	237,472	258,169	111,842	69,942	439,882	557,240	889,307	698,414	399,879	442,496
Group/Directors Accounts	190,346	231,568	95,616	140,111	324,585	0	153,495	155,572	0	0	0	0	0	0
other short term finances	0	0	0	0	6,830	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	9,896	9,926	16,981	51,802	0	0	0	0	0	0	0	0	0
other current liabilities	271,247	251,931	231,862	102,133	168,463	220,569	249,384	186,484	0	0	0	0	0	0
total current liabilities	579,032	566,967	517,743	473,966	789,152	513,265	545,694	413,443	439,882	557,240	889,307	698,414	399,879	442,496
loans	32,167	35,667	40,000	0	0	0	0	0	0	0	74,893	0	0	0
hp & lease commitments	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
other liabilities	0	935	8,385	66,520	0	0	0	0	0	0	0	91,278	114,609	162,123
provisions	19,617	26,744	23,231	36,585	43,747	21,948	40,197	49,079	11,482	3,353	6,142	7,092	15,765	14,500
total long term liabilities	51,784	63,346	71,616	103,105	43,747	21,948	40,197	49,079	11,482	3,353	81,035	98,370	130,374	176,623
total liabilities	630,816	630,313	589,359	577,071	832,899	535,213	585,891	462,522	451,364	560,593	970,342	796,784	530,253	619,119
net assets	146,486	111,371	112,840	115,226	138,599	183,033	168,619	194,661	288,006	298,661	291,823	-16,732	-3,785	3,559
total shareholders funds	146,486	111,371	112,840	115,226	138,599	183,033	168,619	194,661	288,006	298,661	291,823	-16,732	-3,785	3,559

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	42,184	268	-949	-23,209	-43,038	19,910	-25,040	-93,321	-10,696	11,073	1,469	-13,833	-8,316	4,390
Depreciation	28,511	18,506	32,309	38,811	49,818	51,483	36,260	37,594	42,159	42,159	20,346	25,021	29,796	36,376
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-11,705	0	0	0	0	-3,381	0	0	0	-1,820	0	0	0	-1,382
Stock	0	0	0	-9,259	0	0	54	-807	7,696	4,000	20,121	6,250	-4,999	46,944
Debtors	36,730	-25,085	87,210	-320,056	315,342	-108,078	119,146	-41,352	-81,420	-373,092	349,868	257,702	-12,421	230,106
Creditors	43,867	-102,767	-44,402	-22,731	-20,697	146,327	41,900	-369,940	-117,358	-332,067	190,893	298,535	-42,617	442,496
Accruals and Deferred Income	19,316	20,069	129,729	-66,330	-52,106	-28,815	62,900	186,484	0	0	0	0	0	0
Deferred Taxes & Provisions	-7,127	3,513	-13,354	-7,162	21,799	-18,249	-8,882	37,597	8,129	-2,789	-950	-8,673	1,265	14,500
Cash flow from operations	78,316	-35,326	16,123	248,694	-359,566	275,353	-12,062	-159,427	-4,042	85,648	-158,231	37,098	-2,452	219,330
Investing Activities
capital expenditure	0	-3,222	43,055	0	0	-117,002	-11,600	-495	0	0	-315,234	0	-2	-163,117
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-3,222	43,055	0	0	-117,002	-11,600	-495	0	0	-315,234	0	-2	-163,117
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-41,222	135,952	-44,495	-184,474	324,585	-153,495	-2,077	155,572	0	0	0	0	0	0
Other Short Term Loans	0	0	0	-6,830	6,830	0	0	0	0	0	0	0	0	0
Long term loans	-3,500	-4,333	40,000	0	0	0	0	0	0	-74,893	74,893	0	0	0
Hire Purchase and Lease Commitments	-9,896	-30	-7,055	-34,821	51,802	0	0	0	0	0	0	0	0	0
other long term liabilities	-935	-7,450	-58,135	66,520	0	0	0	0	0	0	-91,278	-23,331	-47,514	162,123
share issue	0	0	0	0	0	0	0	0	0	-10	309,054	0	0	4
interest	4,636	-1,737	-1,437	-164	-1,396	-2,115	-1,002	-24	41	-2,404	-1,968	886	972	547
cash flow from financing	-50,917	122,402	-71,122	-159,769	381,821	-155,610	-3,079	155,548	41	-77,307	290,701	-22,445	-46,542	162,674
cash and cash equivalents
cash	27,399	79,854	-1,944	88,925	0	-5,501	2,311	-2,929	-4,001	8,340	-182,764	14,653	-48,996	218,887
overdraft	0	-4,000	10,000	0	-34,527	3,554	29,528	1,445	0	0	0	0	0	0
change in cash	27,399	83,854	-11,944	88,925	34,527	-9,055	-27,217	-4,374	-4,001	8,340	-182,764	14,653	-48,996	218,887

P&L

June 2023

turnover

1.4m

+15%

operating profit

42.2k

gross margin

21.8%

+1.76%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

June 2023

net assets

146.5k

+0.32%

total assets

777.3k

+0.05%

cash

194.2k

+0.16%

net assets

Total assets minus all liabilities

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3.5

company number

03922829

Type

Private limited with Share Capital

industry

49410 - Freight transport by road

incorporation date

February 2000

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

web-werx ltd (November 2004)

web-werks ltd (March 2000)

incorporated

address

unit 14 autumn park, dysart road, grantham, NG31 7DD

last accounts submitted

June 2023

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.

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read's worldwide limited Company Information

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read's worldwide limited Estimated Valuation

read's worldwide limited Estimated Valuation

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