read mill limited
read mill limited Company Information
Company Number
04347716
Next Accounts
Dec 2025
Shareholders
shaun james reading
paul anthony messham
Group Structure
View All
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Registered Address
beaumont accountancy, 1st floor enterprise house, middlesbrough, cleveland, TS1 3QW
Website
https://readmill.comread mill limited Estimated Valuation
Pomanda estimates the enterprise value of READ MILL LIMITED at £34.5k based on a Turnover of £13.9k and 2.48x industry multiple (adjusted for size and gross margin).
read mill limited Estimated Valuation
Pomanda estimates the enterprise value of READ MILL LIMITED at £30.9k based on an EBITDA of £6.4k and a 4.85x industry multiple (adjusted for size and gross margin).
read mill limited Estimated Valuation
Pomanda estimates the enterprise value of READ MILL LIMITED at £523.6k based on Net Assets of £299.9k and 1.75x industry multiple (adjusted for liquidity).
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Read Mill Limited Overview
Read Mill Limited is a live company located in middlesbrough, TS1 3QW with a Companies House number of 04347716. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in January 2002, it's largest shareholder is shaun james reading with a 50% stake. Read Mill Limited is a mature, micro sized company, Pomanda has estimated its turnover at £13.9k with declining growth in recent years.
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Read Mill Limited Health Check
Pomanda's financial health check has awarded Read Mill Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
5 Weak
Size
annual sales of £13.9k, make it smaller than the average company (£920.2k)
- Read Mill Limited
£920.2k - Industry AVG
Growth
3 year (CAGR) sales growth of -74%, show it is growing at a slower rate (4.9%)
- Read Mill Limited
4.9% - Industry AVG
Production
with a gross margin of 34.6%, this company has a higher cost of product (75.3%)
- Read Mill Limited
75.3% - Industry AVG
Profitability
an operating margin of 45.8% make it more profitable than the average company (29.4%)
- Read Mill Limited
29.4% - Industry AVG
Employees
with 1 employees, this is below the industry average (4)
- Read Mill Limited
4 - Industry AVG
Pay Structure
on an average salary of £32.3k, the company has an equivalent pay structure (£32.3k)
- Read Mill Limited
£32.3k - Industry AVG
Efficiency
resulting in sales per employee of £13.9k, this is less efficient (£177.7k)
- Read Mill Limited
£177.7k - Industry AVG
Debtor Days
it gets paid by customers after 17 days, this is earlier than average (30 days)
- Read Mill Limited
30 days - Industry AVG
Creditor Days
its suppliers are paid after 1763 days, this is slower than average (38 days)
- Read Mill Limited
38 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Read Mill Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Read Mill Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 13%, this is a lower level of debt than the average (64.5%)
13% - Read Mill Limited
64.5% - Industry AVG
READ MILL LIMITED financials
Read Mill Limited's latest turnover from March 2024 is estimated at £13.9 thousand and the company has net assets of £299.9 thousand. According to their latest financial statements, we estimate that Read Mill Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 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
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 344,150 | 280,734 | 132,234 | 42,234 | 126,234 | 90,554 | 90,554 | 250,204 | 85,929 | 85,929 | 85,929 | 85,929 | 85,929 | ||
| Intangible Assets | 326,204 | 166,554 | |||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 344,150 | 280,734 | 132,234 | 42,234 | 126,234 | 90,554 | 90,554 | 250,204 | 326,204 | 166,554 | 85,929 | 85,929 | 85,929 | 85,929 | 85,929 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 684 | 55,479 | 214,693 | 218,047 | 32,052 | 58,621 | 44,568 | 160,608 | 560 | 967 | 1,793 | 2,498 | 634 | ||
| Group Debtors | |||||||||||||||
| Misc Debtors | |||||||||||||||
| Cash | 1,813 | 2,196 | 10,035 | 53,002 | 44 | 3,135 | 162 | ||||||||
| misc current assets | |||||||||||||||
| total current assets | 684 | 55,479 | 214,693 | 218,047 | 32,052 | 58,621 | 44,568 | 160,608 | 1,813 | 2,756 | 11,002 | 54,795 | 2,542 | 3,135 | 796 |
| total assets | 344,834 | 336,213 | 346,927 | 260,281 | 158,286 | 149,175 | 135,122 | 410,812 | 328,017 | 169,310 | 96,931 | 140,724 | 88,471 | 89,064 | 86,725 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 43,960 | 40,239 | 52,782 | 90,155 | 68,284 | 77,890 | 83,891 | 340,006 | 333,110 | 175,830 | 115,184 | 143,787 | 91,629 | 90,466 | 86,470 |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | |||||||||||||||
| total current liabilities | 43,960 | 40,239 | 52,782 | 90,155 | 68,284 | 77,890 | 83,891 | 340,006 | 333,110 | 175,830 | 115,184 | 143,787 | 91,629 | 90,466 | 86,470 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | 960 | 840 | 720 | 720 | 720 | 720 | 600 | 600 | |||||||
| other liabilities | 3,069 | 20,885 | 38,701 | 56,080 | |||||||||||
| provisions | |||||||||||||||
| total long term liabilities | 960 | 840 | 720 | 720 | 720 | 720 | 600 | 600 | 3,069 | 20,885 | 38,701 | 56,080 | |||
| total liabilities | 44,920 | 41,079 | 53,502 | 90,875 | 69,004 | 78,610 | 84,491 | 340,606 | 333,110 | 175,830 | 115,184 | 146,856 | 112,514 | 129,167 | 142,550 |
| net assets | 299,914 | 295,134 | 293,425 | 169,406 | 89,282 | 70,565 | 50,631 | 70,206 | -5,093 | -6,520 | -18,253 | -6,132 | -24,043 | -40,103 | -55,825 |
| total shareholders funds | 299,914 | 295,134 | 293,425 | 169,406 | 89,282 | 70,565 | 50,631 | 70,206 | -5,093 | -6,520 | -18,253 | -6,132 | -24,043 | -40,103 | -55,825 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | |||||||||||||||
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | |||||||||||||||
| Debtors | -54,795 | -159,214 | -3,354 | 185,995 | -26,569 | 14,053 | -116,040 | 160,608 | -560 | -407 | -826 | -705 | 2,498 | -634 | 634 |
| Creditors | 3,721 | -12,543 | -37,373 | 21,871 | -9,606 | -6,001 | -256,115 | 6,896 | 157,280 | 60,646 | -28,603 | 52,158 | 1,163 | 3,996 | 86,470 |
| Accruals and Deferred Income | 120 | 120 | 120 | 600 | |||||||||||
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -3,069 | -17,816 | -17,816 | -17,379 | 56,080 | ||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -1,813 | -383 | -7,839 | -42,967 | 52,958 | -3,091 | 2,973 | 162 | |||||||
| overdraft | |||||||||||||||
| change in cash | -1,813 | -383 | -7,839 | -42,967 | 52,958 | -3,091 | 2,973 | 162 |
read mill limited Credit Report and Business Information
Read Mill Limited Competitor Analysis
Perform a competitor analysis for read mill limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in TS1 area or any other competitors across 12 key performance metrics.
read mill limited Ownership
READ MILL LIMITED group structure
Read Mill Limited has no subsidiary companies.
Ultimate parent company
READ MILL LIMITED
04347716
read mill limited directors
Read Mill Limited currently has 2 directors. The longest serving directors include Mr Shaun Reading (Jan 2002) and Mr Paul Messham (Jan 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Shaun Reading | England | 74 years | Jan 2002 | - | Director |
| Mr Paul Messham | England | 59 years | Jan 2013 | - | Director |
P&L
March 2024turnover
13.9k
-93%
operating profit
6.4k
0%
gross margin
34.7%
+3.72%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
299.9k
+0.02%
total assets
344.8k
+0.03%
cash
0
0%
net assets
Total assets minus all liabilities
read mill limited company details
company number
04347716
Type
Private limited with Share Capital
industry
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
January 2002
age
23
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
March 2024
previous names
N/A
accountant
BEAUMONT ACCOUNTANCY SERVICES
auditor
-
address
beaumont accountancy, 1st floor enterprise house, middlesbrough, cleveland, TS1 3QW
Bank
YORKSHIRE BANK PLC
Legal Advisor
-
read mill 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 mill limited. Currently there are 3 open charges and 0 have been satisfied in the past.
read mill 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.
Click to start generating capital raising & share issue transactions for READ MILL LIMITED. This can take several minutes, an email will notify you when this has completed.
read mill limited Companies House Filings - See Documents
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