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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.

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 to3 Apr 20222 Apr 2023
DisclosureFull P&Lread from filing textFull 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)693694
Ratios
Profit margin2.6%−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
SourceFullAccounts · bulk data Mar 2024FullAccounts · 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

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

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

Subsidiaries (10)

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

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

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.