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Company No. 05553318 · Incorporated 2 Sep 2005

Read Hyundai Limited

Registered name: READ HYUNDAI LIMITED

Part of Read Motor Group Limited group

Read Hyundai Limited made £20.8m revenue and £72.6k profit in the year to 31 Dec 2024.

Read Hyundai Limited’s revenue fell 25% to £20.8m in the year to 31 Dec 2024, with £72.6k profit and 74 employees. The company is classified under “sale of new cars and light motor vehicles” and is based in Worksop; we hold 3 years of its filed accounts.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 45111Sale of new cars and light motor vehicles
Status
Active
Location
Worksop, Yorkshire and The Humber
Age
21 yrs · since 2005
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”

Latest accounts · year to 31 Dec 2024

Key figures

Cash flow filed
Revenue
£20.8m
Growth ▼25.3%
Profit
£72.6k
Growth ▼60.6%
Profit margin
0.4%
Gross 8.3%
Employees
74
Change ▲1.4%
Profit / employee
£981
Revenue/employee £281k
Profitable streak
3yrs
Consecutive profitable years in our data

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

3 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Dec 202231 Dec 202331 Dec 2024
DisclosureFull P&LFull P&LFull P&L
Profit & loss
Revenue (turnover)£26.1m£27.8m£20.8m
Cost of sales£23.9m£25.8m£19.1m
Gross profit£2.2m£2.1m£1.7m
Profit before tax£737k£252k£102k
Profit after tax£595k£184k£72.6k
Profit (best available)£595k£184k£72.6k
Staff costs£1.7m£2.1m£1.9m
Employees (average)657374
Ratios
Profit margin2.3%0.7%0.4%
Gross margin8.5%7.4%8.3%
Revenue per employee£402k£381k£281k
Profit per employee£9.2k£2.5k£981
Growth (year on year)
Revenue growth—▲6.4%▼25.3%
Profit growth—▼69.1%▼60.6%
Headcount growth—▲12.3%▲1.4%
Balance sheet — indirect signals, not revenue
Cash at bank£67.4k£96.4k£929
Net assets£2.9m£3m£3m
Fixed assets£2.5m£2.8m£2.7m
Current assets£10.3m£6.6m£8.9m
Debtors£1.5m£614k£2.4m
Cash from operations−£111k£1.1m£599k
SourceFullAccounts · bulk data Dec 2024FullAccounts · bulk data Dec 2024FullAccounts · bulk data Oct 2025
Derived from the latest filing

How the business works

Profit margin
0.4%
Profit ÷ revenue.
Gross margin
8.3%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£281k
Revenue ÷ average employees.
Profit per employee
£981
Profit ÷ average employees.
Cash conversion
—
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
13.1%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
—
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
11.6%
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
▼1%
Now £3m
Cash at bank
▼99%
Now £929
Headcount
▲1%
Now 74
Deferred income
—
Now —
Fixed assets
▼1%
Now £2.7m
Corporate ownership

Group structure

Ownership chain

  1. Read Motor Group Limitedultimate parent75–100%
  2. Read Hyundai Limitedthis company

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

Sister companies (9)

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

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £72.6k), 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.