Company Overview
Reid's Shoes Limited is a Voluntary Arrangement Private Limited Company. The company was incorporated on Thursday 28 March 1946, so this is a well established company. Reid's Shoes Limited has been in business for 80 years. The accounts status is total exemption full and the accounts are next due on Saturday 31 January 2026.
Registered Address

84 Circular Road, Belfast, BT4 2GE
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Companies House Data
Company NameREID'S SHOES LIMITED
Company NumberNI002039
Registered Office Address84 Circular Road
 BT4 2GE
Company CategoryPrivate Limited Company
Company StatusVoluntary Arrangement
Country of OriginUnited Kingdom
Incorporation Date28/03/1946
Accounting Reference Date Day31
Accounting Reference Date Month1
Accounts Next Due Date31/10/2026
Accounts Last Made Up Date31/01/2025
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date28/01/2017
Returns Last Made Up Date31/12/2015
Directors & Members
Show Resigned
Christine Hicks - Director
(British, 57 years old, born December 1969)
Appointed 20 July 1999
 Active
Philip Reid - Director
(British, 59 years old, born September 1967)
Appointed 20 July 1999
 Active
Secretaries
Show Resigned
Other Company Directorships
Christine Hicks
No companies found
Philip Reid
No companies found
Balance Sheet Unlock full report
Accounts Date 31-Jan-2025 31-Jan-2022 31-Jan-2021
Balance Sheet
Fixed Assets 1,515,449 1,515,449 1,516,189
Current Assets 380,083 380,083 488,640
Creditors Due Within One Year 399,842 399,842 269,759
Working Cap -19,759 -19,759 218,881
Total Assets Less Current Liabilities 1,495,690 1,495,690 1,735,070
Long-term Liabilities 54,588 54,588 60,800
Net Assets 1,441,102 1,441,102 1,674,270
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 1,441,102 1,441,102 1,674,270
Common Size Financial Analysis Unlock full report
Accounts Date 31-Jan-2025 31-Jan-2022 31-Jan-2021
Tangible Fixed Assets - - -
Fixed Assets 79.9% 79.9% 75.6%
Stocks Inventory - - -
Debtors 0.1% 0.1% 0.1%
Cash Bank In Hand 0.1% 0.1% 0.2%
Current Assets 20.1% 20.1% 24.4%
Creditors Due Within One Year 21.1% 21.1% 13.5%
Net Current Assets Liabilities -1.0% -1.0% 10.9%
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 76.0% 76.0% 83.5%
Capital Employed - - -
Total Assets Less Current Liabilities 78.9% 78.9% 86.5%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Jan-2025 31-Jan-2022 31-Jan-2021
Liquidity Ratio 1.0 1.0 1.8
Solvency Ratio 4.2 4.2 6.1
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 3
Mortgages Outstanding 2
Mortgages Part Satisfied 0
Mortgages Satisfied 1
Assets and Debt Analysis Unlock full report
Accounts Date 31-Jan-2025 31-Jan-2022 31-Jan-2021
Assets 1,895,532 1,895,532 2,004,829
Debt 454,430 454,430 330,559
Net Assets/Debt 1,441,102 1,441,102 1,674,270

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. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. Information provided by Companies House shows Voluntary Arrangement.

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. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. Information provided by Companies House shows Voluntary Arrangement.  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. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. Information provided by Companies House shows Voluntary Arrangement.

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
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Document Filings
Voluntary arrangement's supervisor's abstract of receipts and payments
Confirmation statement made on 1 December 2025 with no updates
Termination of appointment of Marie Reid as a director on 21 January 2026
Registered office address changed from 111/119 Sandy Row Belfast BT12 5ET to 84 Circular Road Belfast BT4 2GE on 10 March 2025
Voluntary arrangement's supervisor's abstract of receipts and payments
Confirmation statement made on 1 December 2024 with no updates
Voluntary arrangement's supervisor's abstract of receipts and payments
Confirmation statement made on 1 December 2023 with no updates
Confirmation statement made on 1 December 2022 with no updates
Voluntary arrangement's supervisor's abstract of receipts and payments
Notice to Registrar of voluntary arrangement taking effect
Confirmation statement made on 1 December 2021 with updates
Cessation of Joseph Vance Reid as a person with significant control on 31 August 2021
Notification of Philip Andrew Reid as a person with significant control on 31 August 2021
Termination of appointment of Joseph V Reid as a director on 31 August 2021
Confirmation statement made on 31 December 2020 with no updates
Confirmation statement made on 31 December 2019 with no updates
Confirmation statement made on 31 December 2018 with no updates
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