159 reading te limited
159 reading te limited Company Information
Company Number
11085691
Next Accounts
Mar 2025
Shareholders
thackeray estates group limited
Group Structure
View All
Industry
Development of building projects
Registered Address
2 leman street, london, E1W 9US
Website
thackerayestates.com159 reading te limited Estimated Valuation
Pomanda estimates the enterprise value of 159 READING TE LIMITED at £212.7k based on a Turnover of £445.3k and 0.48x industry multiple (adjusted for size and gross margin).
159 reading te limited Estimated Valuation
Pomanda estimates the enterprise value of 159 READING TE LIMITED at £1.4m based on an EBITDA of £377.8k and a 3.78x industry multiple (adjusted for size and gross margin).
159 reading te limited Estimated Valuation
Pomanda estimates the enterprise value of 159 READING TE LIMITED at £0 based on Net Assets of £0 and 1.41x industry multiple (adjusted for liquidity).
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159 Reading Te Limited Overview
159 Reading Te Limited is a live company located in london, E1W 9US with a Companies House number of 11085691. It operates in the development of building projects sector, SIC Code 41100. Founded in November 2017, it's largest shareholder is thackeray estates group limited with a 100% stake. 159 Reading Te Limited is a young, micro sized company, Pomanda has estimated its turnover at £445.3k with declining growth in recent years.
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159 Reading Te Limited Health Check
Pomanda's financial health check has awarded 159 Reading Te Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
1 Strong
3 Regular
6 Weak
Size
annual sales of £445.3k, make it smaller than the average company (£2.2m)
- 159 Reading Te Limited
£2.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -20%, show it is growing at a slower rate (3.1%)
- 159 Reading Te Limited
3.1% - Industry AVG
Production
with a gross margin of 26.4%, this company has a comparable cost of product (26.4%)
- 159 Reading Te Limited
26.4% - Industry AVG
Profitability
an operating margin of 84.9% make it more profitable than the average company (7.2%)
- 159 Reading Te Limited
7.2% - Industry AVG
Employees
with 2 employees, this is below the industry average (6)
2 - 159 Reading Te Limited
6 - Industry AVG
Pay Structure
on an average salary of £46.9k, the company has an equivalent pay structure (£46.9k)
- 159 Reading Te Limited
£46.9k - Industry AVG
Efficiency
resulting in sales per employee of £222.6k, this is less efficient (£276.5k)
- 159 Reading Te Limited
£276.5k - Industry AVG
Debtor Days
it gets paid by customers after 23 days, this is near the average (28 days)
- 159 Reading Te Limited
28 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- 159 Reading Te Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- 159 Reading Te Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (13 weeks)
0 weeks - 159 Reading Te Limited
13 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 (73.1%)
100% - 159 Reading Te Limited
73.1% - Industry AVG
159 READING TE LIMITED financials
159 Reading Te Limited's latest turnover from June 2023 is estimated at £445.3 thousand and the company has net assets of 0. According to their latest financial statements, 159 Reading Te Limited has 2 employees and maintains cash reserves of £15.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|---|
| 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 | 2 | 2 | 2 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | |||||||
| Intangible Assets | |||||||
| Investments & Other | 1,761,738 | 1,750,000 | 1,750,000 | 2,300,000 | 2,300,000 | 2,400,000 | 2,227,707 |
| Debtors (Due After 1 year) | |||||||
| Total Fixed Assets | 1,761,738 | 1,750,000 | 1,750,000 | 2,300,000 | 2,300,000 | 2,400,000 | 2,227,707 |
| Stock & work in progress | |||||||
| Trade Debtors | 28,743 | 19,246 | 77,537 | 79,059 | 113,375 | 27,231 | 30,048 |
| Group Debtors | |||||||
| Misc Debtors | 20,096 | 20,708 | 37,210 | 8,046 | 1,150,000 | ||
| Cash | 15,199 | 2,572 | 13,931 | 4,500 | 13,130 | 32,810 | |
| misc current assets | |||||||
| total current assets | 64,038 | 42,526 | 128,678 | 91,605 | 113,375 | 40,361 | 1,212,858 |
| total assets | 1,825,776 | 1,792,526 | 1,878,678 | 2,391,605 | 2,413,375 | 2,440,361 | 3,440,565 |
| Bank overdraft | |||||||
| Bank loan | |||||||
| Trade Creditors | 46,884 | 1,310 | 38,146 | 54,290 | 168 | ||
| Group/Directors Accounts | 1,739,991 | 1,997,602 | 1,998,383 | 1,945,657 | 1,975,222 | 2,136,296 | 3,378,743 |
| other short term finances | |||||||
| hp & lease commitments | |||||||
| other current liabilities | 85,785 | 31,746 | 152,929 | 166,068 | 182,157 | 81,161 | 83,104 |
| total current liabilities | 1,825,776 | 2,076,232 | 2,152,622 | 2,149,871 | 2,211,669 | 2,217,457 | 3,462,015 |
| loans | |||||||
| hp & lease commitments | |||||||
| Accruals and Deferred Income | |||||||
| other liabilities | |||||||
| provisions | 13,736 | 13,736 | 29,290 | ||||
| total long term liabilities | 13,736 | 13,736 | 29,290 | ||||
| total liabilities | 1,825,776 | 2,076,232 | 2,152,622 | 2,163,607 | 2,225,405 | 2,246,747 | 3,462,015 |
| net assets | -283,706 | -273,944 | 227,998 | 187,970 | 193,614 | -21,450 | |
| total shareholders funds | -283,706 | -273,944 | 227,998 | 187,970 | 193,614 | -21,450 |
| Jun 2023 | Jun 2022 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | |||||||
| Amortisation | |||||||
| Tax | |||||||
| Stock | |||||||
| Debtors | 8,885 | -47,151 | 27,642 | -26,270 | 86,144 | -1,152,817 | 1,180,048 |
| Creditors | -46,884 | 8,738 | -36,836 | -16,144 | 54,290 | -168 | 168 |
| Accruals and Deferred Income | 54,039 | -134,322 | -13,139 | -16,089 | 100,996 | -1,943 | 83,104 |
| Deferred Taxes & Provisions | -13,736 | -13,736 | -15,554 | 29,290 | |||
| Cash flow from operations | |||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 11,738 | -550,000 | -550,000 | -100,000 | 172,293 | 2,227,707 | |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | |||||||
| Group/Directors Accounts | -257,611 | 51,945 | 52,726 | -29,565 | -161,074 | -1,242,447 | 3,378,743 |
| Other Short Term Loans | |||||||
| Long term loans | |||||||
| Hire Purchase and Lease Commitments | |||||||
| other long term liabilities | |||||||
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | 12,627 | -1,928 | 9,431 | 4,500 | -13,130 | -19,680 | 32,810 |
| overdraft | |||||||
| change in cash | 12,627 | -1,928 | 9,431 | 4,500 | -13,130 | -19,680 | 32,810 |
159 reading te limited Credit Report and Business Information
159 Reading Te Limited Competitor Analysis
Perform a competitor analysis for 159 reading te limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in E1W area or any other competitors across 12 key performance metrics.
159 reading te limited Ownership
159 READING TE LIMITED group structure
159 Reading Te Limited has no subsidiary companies.
Ultimate parent company
2 parents
159 READING TE LIMITED
11085691
159 reading te limited directors
159 Reading Te Limited currently has 2 directors. The longest serving directors include Mr Brett Palos (Nov 2017) and Mr Antony Alberti (Nov 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Brett Palos | England | 50 years | Nov 2017 | - | Director |
| Mr Antony Alberti | United Kingdom | 45 years | Nov 2017 | - | Director |
P&L
June 2023turnover
445.3k
+21%
operating profit
377.8k
0%
gross margin
26.4%
+6.32%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
0
-1%
total assets
1.8m
+0.02%
cash
15.2k
+4.91%
net assets
Total assets minus all liabilities
159 reading te limited company details
company number
11085691
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
November 2017
age
8
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
June 2023
previous names
N/A
accountant
-
auditor
-
address
2 leman street, london, E1W 9US
Bank
-
Legal Advisor
-
159 reading te 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 4 charges/mortgages relating to 159 reading te limited. Currently there are 1 open charges and 3 have been satisfied in the past.
159 reading te 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 159 READING TE LIMITED. This can take several minutes, an email will notify you when this has completed.
159 reading te limited Companies House Filings - See Documents
| date | description | view/download |
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