Read Motor Group Limited
Registered name: READ MOTOR GROUP LIMITED
Read Motor Group Limited made £141m revenue and £206k profit in the year to 31 Dec 2024.
Read Motor Group Limited’s revenue grew 1% to £141m in the year to 31 Dec 2024, with £206k profit and 243 employees. The company is classified under “activities of other holding companies” and is based in Worksop; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Worksop, Yorkshire and The Humber
- Age
- 16 yrs · since 2009
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2021 | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £109m | £137m | £140m | £141m |
| Cost of sales | £100m | £125m | £128m | £129m |
| Gross profit | £8.9m | £11.4m | £11.8m | £12.6m |
| Operating profit | £2.4m | £2.6m | £2m | £910k |
| Profit before tax | £2.1m | £2.1m | £901k | −£454k |
| Profit after tax | £170k | £200k | £200k | £206k |
| Profit (best available) | £170k | £200k | £200k | £206k |
| Staff costs | £4.5m | £5.6m | £6.3m | £7.2m |
| Employees (average) | 170 | 195 | 202 | 243 |
| Ratios | ||||
| Profit margin | 0.2% | 0.1% | 0.1% | 0.1% |
| Gross margin | 8.2% | 8.3% | 8.4% | 8.9% |
| Revenue per employee | £641k | £702k | £694k | £582k |
| Profit per employee | £1k | £1k | £990 | £848 |
| Cash conversion | 100.2% | 79.3% | 145.7% | 160.3% |
| Growth (year on year) | ||||
| Revenue growth | — | ▲25.7% | ▲2.4% | ▲0.8% |
| Profit growth | — | ▲17.6% | 0% | ▲3% |
| Headcount growth | — | ▲14.7% | ▲3.6% | ▲20.3% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £744k | £800k | £727k | £349 |
| Net assets | £85k | £85k | £85k | £51k |
| Fixed assets | £9.7m | £10m | £10.1m | £10.2m |
| Current assets | £16.5m | £24.7m | £22.1m | £1.7m |
| Debtors | £665k | £797k | £3.2m | £1.7m |
| Cash from operations | £2.4m | £2.1m | £3m | £1.5m |
| Source | Accounts · bulk data Oct 2023 | Accounts · bulk data Oct 2023 | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Oct 2025 |
How the business works
- Profit margin
- 0.1%
- Profit ÷ revenue.
- Gross margin
- 8.9%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £582k
- Revenue ÷ average employees.
- Profit per employee
- £848
- Profit ÷ average employees.
- Cash conversion
- 160.3%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 7.2%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 1.2%
- 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
- ▼40%
- Now £51k
- Cash at bank
- ▼100%
- Now £349
- Headcount
- ▲20%
- Now 243
- Deferred income
- —
- Now —
- Fixed assets
- ▲2%
- Now £10.2m
Group structure
Subsidiaries (10)
- Read Derby LimitedRev. £29m · Profit −£240k
- Read Burton LimitedLiquidationRev. £24.2m · Profit −£687k
- 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).
Sources
Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £206k), 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.