READ DERBY LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-10 (in 10mo)
Last made up 2026-02-24
Watchouts
None on the register
Cash
£85K
-49.9% vs 2023
Net assets
£2M
-10.1% vs 2023
Employees
28
-3.4% vs 2023
Profit before tax
-£329K
-299.5% vs 2023
Name history
Renamed 3 times since incorporation
- READ DERBY LIMITED 2021-07-22 → present
- BEECHDALE MOTOR GROUP LIMITED 2000-03-27 → 2021-07-22
- BEECHDALE GARAGE (NOTTINGHAM) LIMITED 1982-10-05 → 2000-03-27
- FOLKACER LIMITED 1982-07-14 → 1982-10-05
Net assets
4-year trend · vs Consumer Discretionary median
Accounts
4-year trend · latest reflected 2024-12-31
| Metric | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Turnover | — | — | £36,387,014 | £28,964,942 | |
| Operating profit | — | — | £342,378 | -£88,061 | |
| Profit before tax | — | — | £164,886 | -£328,891 | |
| Net profit | — | — | £117,225 | -£240,074 | |
| Cash | — | — | £170,212 | £85,238 | |
| Total assets less current liabilities | — | — | £2,411,520 | £2,165,707 | |
| Net assets | — | — | £2,374,364 | £2,134,290 | |
| Equity | £1,891,047 | £2,281,639 | £2,374,364 | £2,134,290 | |
| Average employees | — | — | 29 | 28 | |
| Wages | — | — | £876,344 | £740,126 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Operating margin | — | — | 0.9% | -0.3% | |
| Net margin | — | — | 0.3% | -0.8% | |
| Return on capital employed | — | — | 14.2% | -4.1% | |
| Gearing (liabilities / total assets) | — | — | 63.6% | 81.7% | |
| Current ratio | — | — | 1.53x | 1.21x | |
| Interest cover | — | — | 1.93x | -0.36x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Forrester Boyd Robson Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the Directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.”
Significant events
- “The ongoing war in Ukraine, US tariffs and economic and political uncertainty in the UK continue to be concerns. Coupled with increased competition particularly with new Chinese brands.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| READ, Michael David | Director | 2021-07-16 | Apr 1964 | British |
| READ, Nicola Jane | Director | 2021-07-16 | Sep 1963 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| WATERFALL, John Leslie | Secretary | — | 2010-12-20 |
| OLDFIELD, John Charles | Director | 2005-10-10 | 2021-07-16 |
| OLDFIELD, Wendy Pamela | Director | 2006-06-01 | 2021-07-16 |
| SIDDALL, Gary | Director | 2010-12-20 | 2020-07-31 |
| WATERFALL, John Leslie | Director | — | 2010-12-20 |
| WATERFALL, Sandra Heidi | Director | — | 2010-12-20 |
| WOOD, Michael John | Director | — | 2005-11-01 |
| WOOD, Sandra | Director | — | 2005-11-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Read Motor Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-07-16 | Active |
| Mrs Wendy Pamela Oldfield | Individual | Shares 25–50%, Voting 25–50% | 2020-11-02 | Ceased 2021-07-06 |
| Mr John Charles Oldfield | Individual | Shares 75–100%, Voting 75–100% | 2016-04-06 | Ceased 2021-07-16 |
Filing timeline
Last 20 of 181 total filings
Material constitutional events — rename, articles re-file, resolution
- 2021-07-25 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-13 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-03-09 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-03-09 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2026-02-24 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-20 | RP01AP01 | officers | Replacement filing of director appointment with name | |
| 2025-10-10 | AA | accounts | Accounts with accounts type full | |
| 2025-01-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-20 | AA | accounts | Accounts with accounts type full | |
| 2024-09-25 | AA01 | accounts | Change account reference date company previous shortened | |
| 2024-01-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2023-10-16 | AA | accounts | Accounts with accounts type full | |
| 2023-01-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-10-01 | AA | accounts | Accounts with accounts type full | |
| 2022-08-01 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-08-01 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2022-03-03 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-01-12 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2021-08-10 | AA01 | accounts | Change account reference date company current extended | |
| 2021-08-09 | AD01 | address | Change registered office address company with date old address new address | |
| 2021-07-25 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 6
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-20.4%
£36,387,014 £28,964,942
-
Cash
-49.9%
£170,212 £85,238
-
Net assets
-10.1%
£2,374,364 £2,134,290
-
Employees
-3.4%
29 28
-
Operating profit
-125.7%
£342,378 -£88,061
-
Profit before tax
-299.5%
£164,886 -£328,891
-
Wages
-15.5%
£876,344 £740,126
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers