Company Overview
Read Motor Group Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Monday 21 December 2009, so this is a well established company. Read Motor Group Limited has been in business for 16 years and 3 months. The accounts status is group and the accounts are next due on Wednesday 30 September 2026.
Registered Address

Altyre Altyre Way, Hewitts Avenue Business Park, Humberston, Grimsby, South Humberside, DN36 4RJ
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Companies House Data
Company NameREAD MOTOR GROUP LIMITED
Company Number07110298
Registered Office AddressAltyre Altyre Way, Hewitts Avenue Business Park
 Humberston
 DN36 4RJ
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date21/12/2009
Accounting Reference Date Day30
Accounting Reference Date Month12
Accounts Next Due Date30/09/2026
Accounts Last Made Up Date31/12/2024
Accounts Account CategoryGROUP
Returns Next Due Date18/01/2017
Returns Last Made Up Date21/12/2015
Previous Company NameChanged Date
READ AUTOMOTIVE HOLDINGS LIMITED17 Jun 2014
READ AUTOMOTIVES HOLDINGS LIMITED28 Jan 2010
Directors & Members
Show Resigned
Michael Read - Director
(British, 62 years old, born April 1964)
Appointed 05 January 2010
 Active
Nicola Read - Director
(British, 63 years old, born September 1963)
Appointed 05 January 2010
 Active
Secretaries
Nicola Read - Secretary
(British)
Appointed 05 January 2010
 Active
Other Company Directorships
Michael Read
CLEETHORPES GOLF CLUB (1894) LIMITED
JOHN ROE (HULL) LIMITED
READ BURTON LIMITED
READ DERBY LIMITED
READ HYUNDAI BOSTON LIMITED
READ HYUNDAI DONCASTER LIMITED
READ HYUNDAI LIMITED
READ HYUNDAI LINCOLN LIMITED
ROADHIRE LIMITED
Nicola Read
READ BURTON LIMITED
READ DERBY LIMITED
READ HYUNDAI BOSTON LIMITED
READ HYUNDAI DONCASTER LIMITED
READ HYUNDAI LIMITED
READ HYUNDAI LINCOLN LIMITED
READ USED CAR SALES LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Balance Sheet
Fixed Assets 11,951,304 11,951,304 10,264,951
Current Assets 24,684,816 24,684,816 16,471,799
Creditors Due Within One Year 26,812,439 26,812,439 18,599,422
Working Cap -2,127,623 -2,127,623 -2,127,623
Total Assets Less Current Liabilities 9,823,681 9,823,681 8,137,328
Long-term Liabilities 9,738,681 9,738,681 8,052,328
Net Assets 85,000 85,000 85,000
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 85,000 85,000 85,000
Common Size Financial Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Tangible Fixed Assets - - -
Fixed Assets 32.6% 32.6% 38.4%
Stocks Inventory - - -
Debtors 2.2% 2.2% 2.5%
Cash Bank In Hand - - 2.8%
Current Assets 67.4% 67.4% 61.6%
Creditors Due Within One Year 73.2% 73.2% 69.6%
Net Current Assets Liabilities -5.8% -5.8% -8.0%
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 0.2% 0.2% 0.3%
Capital Employed - - -
Total Assets Less Current Liabilities 26.8% 26.8% 30.4%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Liquidity Ratio 0.9 0.9 0.9
Solvency Ratio 1.0 1.0 1.0
Reserves to Assets - - -
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-Dec-2024 31-Dec-2022 31-Dec-2021
Assets 36,636,120 36,636,120 26,736,750
Debt 36,551,120 36,551,120 26,651,750
Net Assets/Debt 85,000 85,000 85,000

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.

As at the balance sheet date current liquid assets were slightly less than short term debt. We would normally view a company broadly neutrally for this. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a slender margin of cover over total debts and obligations.

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.As at the balance sheet date current liquid assets were slightly less than short term debt. We would normally view a company broadly neutrally for this. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a slender margin of cover over total debts and obligations.   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.As at the balance sheet date current liquid assets were slightly less than short term debt. We would normally view a company broadly neutrally for this. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a slender margin of cover over total debts and obligations.

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 DN36 4RJ
WOLDS VETERINARY CLINIC LTD
WOLDS VETERINARY CLINIC HEWITTS BUSINESS PARK, ALTYRE WAY, HUMBERSTON, GRIMSBY, NE LINCS, DN36 4RJ
READ HYUNDAI LIMITED
READ HYUNDAI LIMITED, ALTYRE WAY, GRIMSBY, NE LINCOLNSHIRE, DN36 4RJ
READ HYUNDAI LINCOLN LIMITED
C/O READ HYUNDAI ALTYRE WAY, HEWITTS AVENUE BUSINESS PARK, HUMBERSTON, GRIMSBY, SOUTH HUMBERSIDE, DN36 4RJ
READ HYUNDAI WORKSOP LIMITED
ALTYRE WAY, HUMBERSTON, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN36 4RJ
READ HYUNDAI BOSTON LIMITED
Retford Road, Worksop, Nottinghamshire, DN36 4RJ
NUNNS OF GRIMSBY LIMITED
ALTYRE WAY, HEWITTS AVENUE BUSIN, HUMBERSTON, GRIMSBY, SOUTH HUMBERSIDE, DN36 4RJ
READ AUTOMOTIVE GRIMSBY LIMITED
ALTYRE WAY, HUMBERSTON, GRIMSBY, NORTH EAST LINCOLNSHIRE, DN36 4RJ
Document Filings
Registered office address changed from Altyre Altyre Way, Hewitts Avenue Business Park Humberston Grimsby South Humberside DN36 4RJ to Retford Road Worksop Nottinghamshire S80 2QD on 13 March 2026
Confirmation statement made on 22 December 2025 with no updates
Change of details for Mr Michael Read as a person with significant control on 24 June 2025
Registration of charge 071102980002, created on 20 June 2025
Confirmation statement made on 21 December 2024 with no updates
Previous accounting period shortened from 31 December 2023 to 30 December 2023
Confirmation statement made on 21 December 2023 with updates
Confirmation statement made on 21 December 2022 with updates
Confirmation statement made on 21 December 2021 with updates
Confirmation statement made on 21 December 2020 with updates
Confirmation statement made on 21 December 2019 with updates
Confirmation statement made on 21 December 2018 with updates
Confirmation statement made on 21 December 2017 with updates
Appointment of Michael Read as a director
Confirmation statement made on 21 December 2016 with updates
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