read properties ltd
read properties ltd Company Information
Company Number
13202574
Website
readproperties.co.ukRegistered Address
unit 1 strands barn, strands farm lane, hornby, lancashire, LA2 8JF
Industry
Buying and selling of own real estate
Telephone
01925213987
Next Accounts Due
November 2024
Group Structure
View All
Directors
Gareth Read3 Years
Shareholders
gareth john read 100%
read properties ltd Estimated Valuation
Pomanda estimates the enterprise value of READ PROPERTIES LTD at £85.5k based on a Turnover of £52.9k and 1.62x industry multiple (adjusted for size and gross margin).
read properties ltd Estimated Valuation
Pomanda estimates the enterprise value of READ PROPERTIES LTD at £6.2k based on an EBITDA of £1.5k and a 4.25x industry multiple (adjusted for size and gross margin).
read properties ltd Estimated Valuation
Pomanda estimates the enterprise value of READ PROPERTIES LTD at £0 based on Net Assets of £-1.2k and 1.46x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Read Properties Ltd Overview
Read Properties Ltd is a live company located in hornby, LA2 8JF with a Companies House number of 13202574. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in February 2021, it's largest shareholder is gareth john read with a 100% stake. Read Properties Ltd is a startup, micro sized company, Pomanda has estimated its turnover at £52.9k with unknown growth in recent years.
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Read Properties Ltd Health Check
Pomanda's financial health check has awarded Read Properties Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
1 Regular
7 Weak
Size
annual sales of £52.9k, make it smaller than the average company (£853.3k)
- Read Properties Ltd
£853.3k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Read Properties Ltd
- - Industry AVG
Production
with a gross margin of 27.4%, this company has a higher cost of product (69.1%)
- Read Properties Ltd
69.1% - Industry AVG
Profitability
an operating margin of 2.8% make it less profitable than the average company (36.6%)
- Read Properties Ltd
36.6% - Industry AVG
Employees
with 1 employees, this is below the industry average (4)
1 - Read Properties Ltd
4 - Industry AVG
Pay Structure
on an average salary of £36.3k, the company has an equivalent pay structure (£36.3k)
- Read Properties Ltd
£36.3k - Industry AVG
Efficiency
resulting in sales per employee of £52.9k, this is less efficient (£184.2k)
- Read Properties Ltd
£184.2k - Industry AVG
Debtor Days
it gets paid by customers after 33 days, this is later than average (24 days)
- Read Properties Ltd
24 days - Industry AVG
Creditor Days
its suppliers are paid after 838 days, this is slower than average (32 days)
- Read Properties Ltd
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Read Properties Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Read Properties Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 101.4%, this is a higher level of debt than the average (64.2%)
101.4% - Read Properties Ltd
64.2% - Industry AVG
READ PROPERTIES LTD financials
Read Properties Ltd's latest turnover from February 2023 is estimated at £52.9 thousand and the company has net assets of -£1.2 thousand. According to their latest financial statements, Read Properties Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2023 | Feb 2022 | |
|---|---|---|
| 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 | 1 | 1 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2023 | Feb 2022 | |
|---|---|---|
| Tangible Assets | 83,000 | 83,000 |
| Intangible Assets | 0 | 0 |
| Investments & Other | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 |
| Total Fixed Assets | 83,000 | 83,000 |
| Stock & work in progress | 0 | 0 |
| Trade Debtors | 4,813 | 1,398 |
| Group Debtors | 0 | 0 |
| Misc Debtors | 0 | 0 |
| Cash | 0 | 0 |
| misc current assets | 0 | 0 |
| total current assets | 4,813 | 1,398 |
| total assets | 87,813 | 84,398 |
| Bank overdraft | 0 | 0 |
| Bank loan | 0 | 0 |
| Trade Creditors | 88,205 | 86,088 |
| Group/Directors Accounts | 0 | 0 |
| other short term finances | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| other current liabilities | 0 | 0 |
| total current liabilities | 88,205 | 86,088 |
| loans | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| Accruals and Deferred Income | 840 | 720 |
| other liabilities | 0 | 0 |
| provisions | 0 | 0 |
| total long term liabilities | 840 | 720 |
| total liabilities | 89,045 | 86,808 |
| net assets | -1,232 | -2,410 |
| total shareholders funds | -1,232 | -2,410 |
| Feb 2023 | Feb 2022 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | ||
| Depreciation | 0 | 0 |
| Amortisation | 0 | 0 |
| Tax | ||
| Stock | 0 | 0 |
| Debtors | 3,415 | 1,398 |
| Creditors | 2,117 | 86,088 |
| Accruals and Deferred Income | 120 | 720 |
| Deferred Taxes & Provisions | 0 | 0 |
| Cash flow from operations | ||
| Investing Activities | ||
| capital expenditure | ||
| Change in Investments | 0 | 0 |
| cash flow from investments | ||
| Financing Activities | ||
| Bank loans | 0 | 0 |
| Group/Directors Accounts | 0 | 0 |
| Other Short Term Loans | 0 | 0 |
| Long term loans | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 |
| other long term liabilities | 0 | 0 |
| share issue | ||
| interest | ||
| cash flow from financing | ||
| cash and cash equivalents | ||
| cash | 0 | 0 |
| overdraft | 0 | 0 |
| change in cash | 0 | 0 |
read properties ltd Credit Report and Business Information
Read Properties Ltd Competitor Analysis
Perform a competitor analysis for read properties ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in LA2 area or any other competitors across 12 key performance metrics.
read properties ltd Ownership
READ PROPERTIES LTD group structure
Read Properties Ltd has no subsidiary companies.
Ultimate parent company
READ PROPERTIES LTD
13202574
read properties ltd directors
Read Properties Ltd currently has 1 director, Mr Gareth Read serving since Feb 2021.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Gareth Read | United Kingdom | 42 years | Feb 2021 | - | Director |
P&L
February 2023turnover
52.9k
+17%
operating profit
1.5k
0%
gross margin
27.5%
+6.32%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2023net assets
-1.2k
-0.49%
total assets
87.8k
+0.04%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
read properties ltd company details
company number
13202574
Type
Private limited with Share Capital
industry
68100 - Buying and selling of own real estate
incorporation date
February 2021
age
3
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
February 2023
previous names
N/A
accountant
-
auditor
-
address
unit 1 strands barn, strands farm lane, hornby, lancashire, LA2 8JF
Bank
-
Legal Advisor
-
read properties 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 found 1 charges/mortgages relating to read properties ltd. Currently there are 1 open charges and 0 have been satisfied in the past.
read properties ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
