Company Overview
Read Desco Limited is a Dissolved Private Limited Company.
Registered Address

No.1 Old Hall Street, Liverpool, L3 9HF
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Companies House Data
Company NameREAD DESCO LIMITED
Company Number00295672
Registered Office AddressNo.1 Old Hall Street
 L3 9HF
Company CategoryPrivate Limited Company
Company StatusDissolved
Country of OriginUnited Kingdom
Incorporation Date01/01/1935
Accounting Reference Date Day31
Accounting Reference Date Month5
Accounts Next Due Date29/02/2020
Accounts Last Made Up Date31/05/2018
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date13/02/2017
Returns Last Made Up Date16/01/2016
Directors & Members
Show Resigned
Julie Green - Director
(British, 60 years old, born March 1966)
Andrew Walker - Director
(British, 63 years old, born April 1963)
Secretaries
Show Resigned
Other Company Directorships
Julie Green
CROFT DIGITAL MEDIA (LOCHABER COMMUNITY) LTD
LOCHABER HIGHLAND GAMES ASSOCIATION
READS (WILMSLOW) LIMITED
Andrew Walker
READS (WILMSLOW) LIMITED
Balance Sheet Unlock full report
Accounts Date 31-May-2018 31-May-2017 31-May-2016
Balance Sheet
Fixed Assets 35,167 30,433 -2
Current Assets 16,425 10,863 20,640
Creditors Due Within One Year 51,006 40,710 43,031
Working Cap -34,581 -29,847 -22,393
Total Assets Less Current Liabilities 586 586 -22,393
Long-term Liabilities 0 0 0
Net Assets 586 586 -22,393
Share Capital & Reserves
Share Cap - - 586
Profit & Loss Reserves - - -29,074
Other Reserves - - 6,095
Shareholders Funds 586 586 -22,393
Common Size Financial Analysis Unlock full report
Accounts Date 31-May-2018 31-May-2017 31-May-2016
Tangible Fixed Assets - - -
Fixed Assets 68.2% 73.7% 0.0%
Stocks Inventory - - 18.7%
Debtors 25.1% 17.6% 80.6%
Cash Bank In Hand 0.0% 0.1% 0.7%
Current Assets 31.8% 26.3% 100.0%
Creditors Due Within One Year 98.9% 98.6% 208.5%
Net Current Assets Liabilities -67.0% -72.3% -108.5%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - 2.8%
Share Capital Allotted Called Up Paid - - 2.8%
Profit Loss Account Reserve - - -140.9%
Shareholder Funds 1.1% 1.4% -108.5%
Capital Employed - - -
Total Assets Less Current Liabilities 1.1% 1.4% -108.5%
Financial Ratio Analysis Unlock full report
Accounts Date 31-May-2018 31-May-2017 31-May-2016
Liquidity Ratio 0.3 0.3 0.5
Solvency Ratio 1.0 1.0 0.5
Reserves to Assets - - -1.4
Secured Creditors Unlock full report
Mortgages Charges 2
Mortgages Outstanding 2
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 31-May-2018 31-May-2017 31-May-2016
Assets 51,592 41,296 20,638
Debt 51,006 40,710 43,031
Net Assets/Debt 586 586 -22,393
Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
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Document Filings
Final Gazette dissolved following liquidation
Return of final meeting in a creditors' voluntary winding up
Notice to Registrar of Companies of Notice of disclaimer
Registered office address changed from 110 - 114 Duke Street Liverpool Merseyside L1 5AG to No.1 Old Hall Street Liverpool L3 9HF on 21 May 2019
Appointment of a voluntary liquidator
Resolutions
Statement of affairs
Confirmation statement made on 16 January 2019 with updates
Confirmation statement made on 16 January 2018 with updates
Confirmation statement made on 16 January 2017 with updates
Annual return made up to 16 January 2016 with full list of shareholders
Annual return made up to 16 January 2015 with full list of shareholders
Annual return made up to 16 January 2014 with full list of shareholders
Annual return made up to 16 January 2013 with full list of shareholders
Director's details changed for Andrew Paul Walker on 4 January 2013
Annual return made up to 16 January 2012 with full list of shareholders
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