Company Overview
Ready 2 Let (Properties) Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Monday 25 October 2004, so this is a well established company. Ready 2 Let (Properties) Limited has been in business for 21 years and 5 months. The accounts status is total exemption full and the accounts are next due on Wednesday 31 December 2025.
Registered Address

27 Northumberland Square, North Shields, Northumberland, Tyne & Wear, NE30 1PW
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Companies House Data
Company NameREADY 2 LET (PROPERTIES) LIMITED
Company Number05269047
Registered Office Address27 Northumberland Square
 North Shields
 NE30 1PW
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date25/10/2004
Accounting Reference Date Day31
Accounting Reference Date Month3
Accounts Next Due Date31/12/2025
Accounts Last Made Up Date31/03/2024
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date28/10/2016
Returns Last Made Up Date30/09/2015
Directors & Members
Show Resigned
Stephen Laverick - Director
(British, 53 years old, born June 1973)
Appointed 25 October 2004
 Active
Darren Purdy - Director
(British, 58 years old, born October 1968)
Appointed 25 October 2004
 Active
Secretaries
Show Resigned
Other Company Directorships
Stephen Laverick
DAVID JOSEPH ESTATES (LETTINGS AND MANAGEMENT) LIMITED
DAVID JOSEPH ESTATES (NORTHERN) LIMITED
DAVID JOSEPH ESTATES N.E LIMITED
SITEX CONSTRUCTION LTD
STONE & LAVERICK DEVELOPMENTS LTD
Darren Purdy
CASTLE COMMERCIAL SERVICES LIMITED
CASTLE RESIDENTIAL SERVICES LIMITED
D.J.E. LTD
DAVID JOSEPH ESTATES (LETTINGS AND MANAGEMENT) LIMITED
DAVID JOSEPH ESTATES (NORTHERN) LIMITED
DAVID JOSEPH ESTATES LTD
DAVID JOSEPH ESTATES N.E LIMITED
DENESIDE DEVELOPMENTS LIMITED
EASY 2 STAY LIMITED
HOUSE DOCTOR LIMITED
LEAWORTH LIMITED
PRACTICAL PROPERTY PORTFOLIOS LIMITED
REALISATIONS (DJE) LIMITED
SKY-LET LTD
Balance Sheet Unlock full report
Accounts Date 31-Mar-2024 31-Oct-2019 31-Oct-2018
Balance Sheet
Fixed Assets -135,044 -135,044 -135,044
Current Assets -22,288 -22,288 -21,429
Creditors Due Within One Year -32,906 -32,906 -36,716
Working Cap 10,618 10,618 15,287
Total Assets Less Current Liabilities -124,426 -124,426 -119,757
Long-term Liabilities 232,988 232,988 226,464
Net Assets 42,750 42,750 33,275
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 42,750 42,750 33,275
Common Size Financial Analysis Unlock full report
Accounts Date 31-Mar-2024 31-Oct-2019 31-Oct-2018
Tangible Fixed Assets - - -
Fixed Assets 85.8% 85.8% 86.3%
Stocks Inventory - - -
Debtors - - -
Cash Bank In Hand - - -
Current Assets 14.2% 14.2% 13.7%
Creditors Due Within One Year 20.9% 20.9% 23.5%
Net Current Assets Liabilities -6.7% -6.7% -9.8%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds -27.2% -27.2% -21.3%
Capital Employed - - -
Total Assets Less Current Liabilities 79.1% 79.1% 76.5%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Mar-2024 31-Oct-2019 31-Oct-2018
Liquidity Ratio 0.7 0.7 0.6
Solvency Ratio -0.8 -0.8 -0.8
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 20
Mortgages Outstanding 18
Mortgages Part Satisfied 0
Mortgages Satisfied 2
Assets and Debt Analysis Unlock full report
Accounts Date 31-Mar-2024 31-Oct-2019 31-Oct-2018
Assets -157,332 -157,332 -156,473
Debt 200,082 200,082 189,748
Net Assets/Debt 42,750 42,750 33,275

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet presents modest net assets. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet presents modest net assets. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet presents modest net assets. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

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
Other Business around NE30 1PW
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27 NORTHUMBERLAND SQUARE, NORTH SHIELDS, NE30 1PW
D.J.E. LTD
27 Northumberland Square, North Shields, Tyne And Wear, NE30 1PW
HARGREAVES ELSWORTH LIMITED
26 NORTHUMBERLAND SQUARE, NORTH SHIELDS, TYNE & WEAR, NE30 1PW
THE MEDIA NETWORK GLOBAL LIMITED
22 NORTHUMBERLAND SQUARE, NORTH SHIELDS, TYNE AND WEAR, NE30 1PW
NORTH VS LIMITED
BUILDING A, RIVERSIDE WAY, CAMBERLEY, NE30 1PW
DAVID JOSEPH ESTATES N.E LIMITED
C/O KBL ADVISORY LIMITED, STAMFORD HOUSE, SALE, NE30 1PW
Document Filings
Confirmation statement made on 23 September 2025 with no updates
Confirmation statement made on 23 September 2024 with no updates
Change of details for Mr Stephen Raymond Laverick as a person with significant control on 26 July 2024
Change of details for Mr Darren John Joseph Purdy as a person with significant control on 26 July 2024
Cessation of Andrew David Ford as a person with significant control on 26 July 2024
Confirmation statement made on 27 September 2023 with no updates
Previous accounting period extended from 31 October 2022 to 31 March 2023
Confirmation statement made on 27 September 2022 with no updates
Confirmation statement made on 27 September 2021 with no updates
Confirmation statement made on 30 September 2020 with no updates
Confirmation statement made on 30 September 2019 with no updates
Termination of appointment of Andrew David Ford as a secretary on 19 February 2019
Termination of appointment of Andrew David Ford as a director on 28 September 2018
Confirmation statement made on 30 September 2018 with no updates
Confirmation statement made on 30 September 2017 with no updates
Director's details changed for Mr Stephen Raymond Laverick on 20 March 2017
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