How much does Reading Transport Limited make?

Reading Transport Limited reported revenue of £48.3m and a loss of £629k in the year to 2 Apr 2023, according to its accounts filed at Companies House.

How many employees does Reading Transport Limited have?

Reading Transport Limited reported an average of 694 employees in the year to 2 Apr 2023.

Is Reading Transport Limited profitable?

No — Reading Transport Limited reported a loss of £629k in the year to 2 Apr 2023.

Company No. 02004963 · Incorporated 27 Mar 1986

Reading Transport Limited

Registered name: READING TRANSPORT LIMITED

Part of Reading Borough Council group

Reading Transport Limited made £48.3m revenue and a £629k loss in the year to 2 Apr 2023. read from filing text

Reading Transport Limited’s revenue grew 37% to £48.3m in the year to 2 Apr 2023, with a loss of £629k and 694 employees. The company is classified under “other urban, suburban or metropolitan passenger land transport (not underground, metro or similar)” and is based in Berkshire; we hold 2 years of its filed accounts.

Full P&L filedSection H · Transportation and storageSIC 49319Other urban, suburban or metropolitan passenger land transport (not underground, metro or similar)

Status: Active
Location: Berkshire, South East
Age: 40 yrs · since 1986
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.

Latest accounts · year to 2 Apr 2023

Key figures

Revenue

£48.3m

Growth ▲36.8%

Profit

−£629k

Growth ▼167.5%

Profit margin

−1.3%

Gross −11.7%

Employees

694

Change ▲0.1%

Profit / employee

−£906

Revenue/employee £69.6k

Profitable streak

0yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	3 Apr 2022	2 Apr 2023
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£35.3m	£48.3m
Cost of sales	£45m	£54m
Gross profit	−£9.7m	−£5.6m
Operating profit	£2.5m	£1.7m
Profit before tax	£826k	£526k
Profit after tax	£931k	−£629k
Profit (best available)	£931k	−£629k
Employees (average)	693	694
Ratios
Profit margin	2.6%	−1.3%
Gross margin	−27.5%	−11.7%
Revenue per employee	£51k	£69.6k
Profit per employee	£1.3k	−£906
Growth (year on year)
Revenue growth	—	▲36.8%
Profit growth	—	▼167.5%
Headcount growth	—	▲0.1%
Balance sheet — indirect signals, not revenue
Cash at bank	£4.2m	£7.1m
Net assets	£22.4m	£15m
Fixed assets	£33.4m	£30.9m
Current assets	£12.3m	£14.5m
Debtors	£941k	£838k
Deferred income	£2m	£3.6m
Source	FullAccounts · bulk data Mar 2024	FullAccounts · bulk data Mar 2024

Derived from the latest filing

How the business works

Profit margin: −1.3%; Profit ÷ revenue.
Gross margin: −11.7%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £69.6k; Revenue ÷ average employees.
Profit per employee: −£906; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 64%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 7.4%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 1.7%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

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: ▼33%; Now £15m
Cash at bank: ▲68%; Now £7.1m
Headcount: ▲0%; Now 694
Deferred income: ▲77%; Now £3.6m
Fixed assets: ▼7%; Now £30.9m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Reading Borough Council (registered outside the UK register)ultimate parent75–100%
Reading Transport Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Subsidiaries (10)

Courtney Atf Centre LimitedFigures not disclosed
Courtney Bodyworks LimitedFigures not disclosed
Newbury & District LimitedFigures not disclosed
Newbury Buses LimitedFigures not disclosed
Reading Buses LimitedFigures not disclosed
Reading Minibuses LimitedFigures not disclosed
Reading Rovers LimitedFigures not disclosed
Reading Transport Pension Trustees LimitedFigures not disclosed
Thames Valley Buses LimitedFigures not disclosed
The Greater Reading Omnibus Company LimitedFigures not disclosed

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 2 Apr 2023 (profit −£629k), from the Companies House accounts bulk data published Mar 2024. 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.