connect reading ltd
connect reading ltd Company Information
Company Number
04956922
Next Accounts
4 days late
Shareholders
-
Group Structure
View All
Industry
Activities of other membership organisations n.e.c.
Registered Address
connect reading, co-space, quadrant house, reading, berkshire, RG1 7QE
Website
www.connectreading.co.ukconnect reading ltd Estimated Valuation
Pomanda estimates the enterprise value of CONNECT READING LTD at £103.1k based on a Turnover of £113.7k and 0.91x industry multiple (adjusted for size and gross margin).
connect reading ltd Estimated Valuation
Pomanda estimates the enterprise value of CONNECT READING LTD at £0 based on an EBITDA of £-10.1k and a 6.07x industry multiple (adjusted for size and gross margin).
connect reading ltd Estimated Valuation
Pomanda estimates the enterprise value of CONNECT READING LTD at £28.9k based on Net Assets of £11.8k and 2.45x industry multiple (adjusted for liquidity).
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Connect Reading Ltd Overview
Connect Reading Ltd is a live company located in reading, RG1 7QE with a Companies House number of 04956922. It operates in the activities of other membership organizations n.e.c. sector, SIC Code 94990. Founded in November 2003, it's largest shareholder is unknown. Connect Reading Ltd is a mature, micro sized company, Pomanda has estimated its turnover at £113.7k with rapid growth in recent years.
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Connect Reading Ltd Health Check
Pomanda's financial health check has awarded Connect Reading Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs
1 Strong
1 Regular
8 Weak
Size
annual sales of £113.7k, make it smaller than the average company (£385.6k)
£113.7k - Connect Reading Ltd
£385.6k - Industry AVG
Growth
3 year (CAGR) sales growth of 35%, show it is growing at a faster rate (4.1%)
35% - Connect Reading Ltd
4.1% - Industry AVG
Production
with a gross margin of 88.8%, this company has a comparable cost of product (88.8%)
88.8% - Connect Reading Ltd
88.8% - Industry AVG
Profitability
an operating margin of -8.9% make it less profitable than the average company (1.7%)
-8.9% - Connect Reading Ltd
1.7% - Industry AVG
Employees
with 3 employees, this is below the industry average (10)
3 - Connect Reading Ltd
10 - Industry AVG
Pay Structure
on an average salary of £31.7k, the company has a higher pay structure (£25.4k)
£31.7k - Connect Reading Ltd
£25.4k - Industry AVG
Efficiency
resulting in sales per employee of £37.9k, this is less efficient (£48.7k)
£37.9k - Connect Reading Ltd
£48.7k - Industry AVG
Debtor Days
it gets paid by customers after 166 days, this is later than average (13 days)
166 days - Connect Reading Ltd
13 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Connect Reading Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Connect Reading Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 20 weeks, this is less cash available to meet short term requirements (157 weeks)
20 weeks - Connect Reading Ltd
157 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 85%, this is a higher level of debt than the average (20.1%)
85% - Connect Reading Ltd
20.1% - Industry AVG
CONNECT READING LTD financials
Connect Reading Ltd's latest turnover from March 2023 is £113.7 thousand and the company has net assets of £11.8 thousand. According to their latest financial statements, Connect Reading Ltd has 3 employees and maintains cash reserves of £26.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 113,656 | 47,031 | 46,317 | 51,102 | 49,071 | 45,222 | 61,724 | 55,117 | 56,171 | 60,363 | 58,766 | 55,021 | 49,032 | |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | ||||||||||||||
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | -9,533 | -14,417 | -2,888 | 920 | 3,238 | 1,569 | 13,561 | -988 | 9 | 3,446 | 7,000 | 15,205 | 11,525 | |
| Tax | ||||||||||||||
| Profit After Tax | -9,533 | -14,417 | -2,888 | 920 | 3,238 | 1,569 | 13,561 | -988 | 9 | 3,446 | 7,000 | 15,205 | 11,525 | |
| Dividends Paid | ||||||||||||||
| Retained Profit | -9,533 | -14,417 | -2,888 | 920 | 3,238 | 1,569 | 13,561 | -988 | 9 | 3,446 | 7,000 | 15,205 | 11,525 | |
| Employee Costs | 95,026 | 39,592 | 41,540 | 43,157 | 30,862 | |||||||||
| Number Of Employees | 3 | 3 | 2 | 2 | 2 | |||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| 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 | ||||||||||||||
| Intangible Assets | ||||||||||||||
| Investments & Other | ||||||||||||||
| Debtors (Due After 1 year) | ||||||||||||||
| Total Fixed Assets | ||||||||||||||
| Stock & work in progress | ||||||||||||||
| Trade Debtors | 51,780 | 78,614 | 17,330 | 2,917 | 1,560 | 5,453 | 510 | 1,522 | 2,630 | 1,500 | 2,477 | 1,507 | ||
| Group Debtors | ||||||||||||||
| Misc Debtors | 821 | 1,836 | 1,474 | 1,708 | 4,053 | |||||||||
| Cash | 26,185 | 33,270 | 53,229 | 59,811 | 54,602 | 51,105 | 51,077 | 56,163 | 42,980 | 39,003 | 37,992 | 44,034 | 48,049 | |
| misc current assets | ||||||||||||||
| total current assets | 78,786 | 80,450 | 52,074 | 54,937 | 63,864 | 57,519 | 52,665 | 56,530 | 56,673 | 44,502 | 41,633 | 39,492 | 46,511 | 49,556 |
| total assets | 78,786 | 80,450 | 52,074 | 54,937 | 63,864 | 57,519 | 52,665 | 56,530 | 56,673 | 44,502 | 41,633 | 39,492 | 46,511 | 49,556 |
| Bank overdraft | ||||||||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 58,846 | 2,679 | 1,313 | 663 | 3,551 | 1,292 | 2,379 | 610 | 1,262 | 8,986 | ||||
| Group/Directors Accounts | ||||||||||||||
| other short term finances | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| other current liabilities | 66,983 | 17,110 | 5,556 | 8,916 | 4,857 | 3,891 | 6,437 | 22,400 | 8,154 | 7,063 | 7,716 | 11,015 | 23,440 | |
| total current liabilities | 66,983 | 58,846 | 17,110 | 5,556 | 11,595 | 6,170 | 4,554 | 9,988 | 23,692 | 10,533 | 7,673 | 8,978 | 20,001 | 23,440 |
| loans | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | ||||||||||||||
| provisions | ||||||||||||||
| total long term liabilities | ||||||||||||||
| total liabilities | 66,983 | 58,846 | 17,110 | 5,556 | 11,595 | 6,170 | 4,554 | 9,988 | 23,692 | 10,533 | 7,673 | 8,978 | 20,001 | 23,440 |
| net assets | 11,803 | 21,604 | 34,964 | 49,381 | 52,269 | 51,349 | 48,111 | 46,542 | 32,981 | 33,969 | 33,960 | 30,514 | 26,510 | 26,116 |
| total shareholders funds | 11,803 | 21,604 | 34,964 | 49,381 | 52,269 | 51,349 | 48,111 | 46,542 | 32,981 | 33,969 | 33,960 | 30,514 | 26,510 | 26,116 |
| 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 | -27,849 | 61,646 | 17,096 | -2,345 | 1,136 | 1,357 | -3,893 | 4,943 | -1,012 | -1,108 | 1,130 | -977 | 970 | 1,507 |
| Creditors | -58,846 | 58,846 | -2,679 | 1,366 | 650 | -2,888 | 2,259 | -1,087 | 1,769 | -652 | -7,724 | 8,986 | ||
| Accruals and Deferred Income | 66,983 | -17,110 | 11,554 | -3,360 | 4,059 | 966 | -2,546 | -15,963 | 14,246 | 1,091 | -653 | -3,299 | -12,425 | 23,440 |
| 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 | ||||||||||||||
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | -268 | -2,996 | -14,811 | 14,591 | ||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 26,185 | -33,270 | -19,959 | -6,582 | 5,209 | 3,497 | 28 | -5,086 | 13,183 | 3,977 | 1,011 | -6,042 | -4,015 | 48,049 |
| overdraft | ||||||||||||||
| change in cash | 26,185 | -33,270 | -19,959 | -6,582 | 5,209 | 3,497 | 28 | -5,086 | 13,183 | 3,977 | 1,011 | -6,042 | -4,015 | 48,049 |
connect reading ltd Credit Report and Business Information
Connect Reading Ltd Competitor Analysis
Perform a competitor analysis for connect reading ltd by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other micro companies, companies in RG1 area or any other competitors across 12 key performance metrics.
connect reading ltd Ownership
CONNECT READING LTD group structure
Connect Reading Ltd has no subsidiary companies.
Ultimate parent company
CONNECT READING LTD
04956922
connect reading ltd directors
Connect Reading Ltd currently has 9 directors. The longest serving directors include Mr Anthony Pettitt (Nov 2019) and Mr John Pickford (Feb 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Anthony Pettitt | England | 72 years | Nov 2019 | - | Director |
| Mr John Pickford | England | 53 years | Feb 2021 | - | Director |
| Mr Jonathan Russell | England | 64 years | Jul 2022 | - | Director |
| Mr Rodrigo Vega | England | 40 years | Jul 2022 | - | Director |
| Mr Jakub Paulicelli | United Kingdom | 39 years | Sep 2024 | - | Director |
| Ms Danielle Hinds | England | 37 years | Jan 2025 | - | Director |
| Mrs Cecilia MacLaren | England | 37 years | Jan 2025 | - | Director |
| Mr Graham Lunt | England | 54 years | Jan 2025 | - | Director |
| Ms Jaclyn Le Grand | England | 41 years | Jan 2025 | - | Director |
P&L
March 2023turnover
113.7k
0%
operating profit
-10.1k
0%
gross margin
88.9%
-100%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
11.8k
-0.45%
total assets
78.8k
-0.02%
cash
26.2k
0%
net assets
Total assets minus all liabilities
connect reading ltd company details
company number
04956922
Type
Private Ltd By Guarantee w/o Share Cap
industry
94990 - Activities of other membership organisations n.e.c.
incorporation date
November 2003
age
22
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2023
previous names
reading business community partnership limited (July 2020)
accountant
RACHEL EDEN
auditor
-
address
connect reading, co-space, quadrant house, reading, berkshire, RG1 7QE
Bank
BARCLAYS BANK PLC
Legal Advisor
-
connect reading ltd 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 connect reading ltd.
connect reading ltd 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 CONNECT READING LTD. This can take several minutes, an email will notify you when this has completed.
connect reading ltd Companies House Filings - See Documents
| date | description | view/download |
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