Read Burton Limited
Registered name: READ BURTON LIMITED
Part of Read Motor Group Limited groupRead Burton Limited made £24.2m revenue and a £687k loss in the year to 31 Dec 2024.
Read Burton Limited’s revenue fell 37% to £24.2m in the year to 31 Dec 2024, with a loss of £687k and 33 employees. The company is classified under “sale of new cars and light motor vehicles” and is based in Preston; we hold 3 years of its filed accounts.
- Status
- Liquidation
- Location
- Preston, North West
- Age
- 55 yrs · since 1971
- Type
- Private Limited Company
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “Read Motor Group Limited”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £46m | £38.3m | £24.2m |
| Cost of sales | £43.1m | £35.8m | £22.8m |
| Gross profit | £2.9m | £2.6m | £1.5m |
| Operating profit | −£110k | −£91.1k | −£613k |
| Profit before tax | −£256k | −£380k | −£800k |
| Profit after tax | −£246k | −£392k | −£687k |
| Profit (best available) | −£246k | −£392k | −£687k |
| Staff costs | £2.6m | £2.3m | £1.2m |
| Employees (average) | 77 | 68 | 33 |
| Ratios | |||
| Profit margin | −0.5% | −1% | −2.8% |
| Gross margin | 6.2% | 6.7% | 6% |
| Revenue per employee | £598k | £563k | £734k |
| Profit per employee | −£3.2k | −£5.8k | −£20.8k |
| Growth (year on year) | |||
| Revenue growth | — | ▼16.8% | ▼36.8% |
| Headcount growth | — | ▼11.7% | ▼51.5% |
| Balance sheet — indirect signals, not revenue | |||
| Cash at bank | £50 | £103 | £110 |
| Net assets | £1.3m | £906k | −£276k |
| Fixed assets | £994k | £1m | £1.1m |
| Current assets | £6.5m | £4.3m | £6.7m |
| Debtors | £367k | £248k | £2.4m |
| Cash from operations | £96.4k | £381k | £689k |
| Source | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Oct 2025 |
How the business works
- Profit margin
- −2.8%
- Profit ÷ revenue.
- Gross margin
- 6%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £734k
- Revenue ÷ average employees.
- Profit per employee
- −£20.8k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 4.4%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 10%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▼130%
- Now −£276k
- Cash at bank
- ▲7%
- Now £110
- Headcount
- ▼51%
- Now 33
- Deferred income
- —
- Now —
- Fixed assets
- ▲2%
- Now £1.1m
Group structure
Ownership chain
- Read Motor Group Limitedultimate parent75–100%
- Read Burton Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Subsidiaries (1)
- Darby TPS LLPFigures not disclosed
Sister companies (9)
- Read Derby LimitedRev. £29m · Profit −£240k
- Read Hyundai LimitedRev. £20.8m · Profit £72.6k
- Read Hyundai Lincoln LimitedRev. £19.5m · Profit £278k
- Read Hyundai Doncaster LimitedRev. £17.8m · Profit £11.5k
- Read Automotive Grimsby LimitedFigures not disclosed
- Read Hyundai Boston LimitedFigures not disclosed
- Read Hyundai Kings Lynn LimitedFigures not disclosed
- Read Hyundai Worksop LimitedFigures not disclosed
- Read Used Car Sales LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
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Sources
Latest figures from FullAccounts for the year to 31 Dec 2024 (profit −£687k), from the Companies House accounts bulk data published Oct 2025. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.