readsource limited
readsource limited Company Information
Company Number
07594529
Website
-Registered Address
old bells farm the street, billingford, dereham, norfolk, NR20 4RF
Industry
Computer consultancy activities
Business and domestic software development
Telephone
-
Next Accounts Due
October 2024
Group Structure
View All
Shareholders
amanda shirley dawson 100%
readsource limited Estimated Valuation
Pomanda estimates the enterprise value of READSOURCE LIMITED at £161.4k based on a Turnover of £209.4k and 0.77x industry multiple (adjusted for size and gross margin).
readsource limited Estimated Valuation
Pomanda estimates the enterprise value of READSOURCE LIMITED at £0 based on an EBITDA of £-12.5k and a 5.31x industry multiple (adjusted for size and gross margin).
readsource limited Estimated Valuation
Pomanda estimates the enterprise value of READSOURCE LIMITED at £99.9k based on Net Assets of £43.5k and 2.3x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Readsource Limited Overview
Readsource Limited is a dissolved company that was located in dereham, NR20 4RF with a Companies House number of 07594529. It operated in the business and domestic software development sector, SIC Code 62012. Founded in April 2011, it's largest shareholder was amanda shirley dawson with a 100% stake. The last turnover for Readsource Limited was estimated at £209.4k.
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Readsource Limited Health Check
Pomanda's financial health check has awarded Readsource Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
3 Weak
Size
annual sales of £209.4k, make it smaller than the average company (£810.3k)
- Readsource Limited
£810.3k - Industry AVG
Growth
3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (6.3%)
- Readsource Limited
6.3% - Industry AVG
Production
with a gross margin of 63.8%, this company has a comparable cost of product (63.8%)
- Readsource Limited
63.8% - Industry AVG
Profitability
an operating margin of -8.8% make it less profitable than the average company (6.3%)
- Readsource Limited
6.3% - Industry AVG
Employees
with 2 employees, this is below the industry average (14)
2 - Readsource Limited
14 - Industry AVG
Pay Structure
on an average salary of £50.2k, the company has an equivalent pay structure (£50.2k)
- Readsource Limited
£50.2k - Industry AVG
Efficiency
resulting in sales per employee of £104.7k, this is equally as efficient (£104.7k)
- Readsource Limited
£104.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Readsource Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Readsource Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Readsource Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 230 weeks, this is more cash available to meet short term requirements (20 weeks)
230 weeks - Readsource Limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 22.3%, this is a lower level of debt than the average (57.8%)
22.3% - Readsource Limited
57.8% - Industry AVG
READSOURCE LIMITED financials
Readsource Limited's latest turnover from April 2020 is estimated at £209.4 thousand and the company has net assets of £43.5 thousand. According to their latest financial statements, Readsource Limited has 2 employees and maintains cash reserves of £55.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | |
|---|---|---|---|---|---|---|---|---|---|
| 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 | 2 | 2 | 2 | 2 | |||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 510 | 749 | 475 | 813 | 1,343 | 442 | 1,494 | 1,891 | 565 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 510 | 749 | 475 | 813 | 1,343 | 442 | 1,494 | 1,891 | 565 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 28,366 | 19,778 | 14,103 | 15,098 | 30,484 | 11,591 | 10,516 | 100 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 126 | 100 | 100 | 100 | 100 | 0 | 0 | 0 | 0 |
| Cash | 55,381 | 62,928 | 41,368 | 57,752 | 40,679 | 5,660 | 45,108 | 41,051 | 28,124 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 55,507 | 91,394 | 61,246 | 71,955 | 55,877 | 36,144 | 56,699 | 51,567 | 28,224 |
| total assets | 56,017 | 92,143 | 61,721 | 72,768 | 57,220 | 36,586 | 58,193 | 53,458 | 28,789 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 1,442 | 21,696 | 29,874 | 27,671 | 17,139 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 12,482 | 30,194 | 21,835 | 29,220 | 26,721 | 0 | 0 | 0 | 0 |
| total current liabilities | 12,482 | 30,194 | 21,835 | 29,220 | 28,163 | 21,696 | 29,874 | 27,671 | 17,139 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 12,482 | 30,194 | 21,835 | 29,220 | 28,163 | 21,696 | 29,874 | 27,671 | 17,139 |
| net assets | 43,535 | 61,949 | 39,886 | 43,548 | 29,057 | 14,890 | 28,319 | 25,787 | 11,650 |
| total shareholders funds | 43,535 | 61,949 | 39,886 | 43,548 | 29,057 | 14,890 | 28,319 | 25,787 | 11,650 |
| Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 6,007 | 591 | 723 | 530 | 690 | 1,052 | 1,051 | 1,088 | 282 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -28,340 | 8,588 | 5,675 | -995 | -15,286 | 18,893 | 1,075 | 10,416 | 100 |
| Creditors | 0 | 0 | 0 | -1,442 | -20,254 | -8,178 | 2,203 | 10,532 | 17,139 |
| Accruals and Deferred Income | -17,712 | 8,359 | -7,385 | 2,499 | 26,721 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 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 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | -7,547 | 21,560 | -16,384 | 17,073 | 35,019 | -39,448 | 4,057 | 12,927 | 28,124 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -7,547 | 21,560 | -16,384 | 17,073 | 35,019 | -39,448 | 4,057 | 12,927 | 28,124 |
readsource limited Credit Report and Business Information
Readsource Limited Competitor Analysis
Perform a competitor analysis for readsource limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other undefined companies, companies in NR20 area or any other competitors across 12 key performance metrics.
readsource limited Ownership
READSOURCE LIMITED group structure
Readsource Limited has no subsidiary companies.
Ultimate parent company
READSOURCE LIMITED
07594529
readsource limited directors
Readsource Limited currently has 2 directors. The longest serving directors include Mr James Dawson (Apr 2011) and Ms Amanda Dawson (Apr 2011).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James Dawson | United Kingdom | 50 years | Apr 2011 | - | Director |
| Ms Amanda Dawson | United Kingdom | 48 years | Apr 2011 | - | Director |
P&L
April 2020turnover
209.4k
+17%
operating profit
-18.5k
0%
gross margin
63.9%
-1.68%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2020net assets
43.5k
-0.3%
total assets
56k
-0.39%
cash
55.4k
-0.12%
net assets
Total assets minus all liabilities
readsource limited company details
company number
07594529
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
62012 - Business and domestic software development
incorporation date
April 2011
age
13
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
April 2020
address
old bells farm the street, billingford, dereham, norfolk, NR20 4RF
accountant
ALAN GRIFFIN
auditor
-
readsource 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 readsource limited.
readsource limited Companies House Filings - See Documents
| date | description | view/download |
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