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Company No. 07708388 · Incorporated 18 Jul 2011

Read Hyundai Lincoln Limited

Registered name: READ HYUNDAI LINCOLN LIMITED

Part of Read Motor Group Limited group

Read Hyundai Lincoln Limited made £19.5m revenue and £278k profit in the year to 31 Dec 2024.

Read Hyundai Lincoln Limited’s revenue fell 7% to £19.5m in the year to 31 Dec 2024, with £278k profit and 21 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 vehiclesSIC 45112Sale of used cars and light motor vehicles
Status
Active
Location
Worksop, Yorkshire and The Humber
Age
15 yrs · since 2011
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

Capital-lightCash flow filed
Revenue
£19.5m
Growth ▼6.9%
Profit
£278k
Growth ▼28.7%
Profit margin
1.4%
Gross 9.1%
Employees
21
Change ▲5%
Profit / employee
£13.2k
Revenue/employee £927k
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)£19.3m£20.9m£19.5m
Cost of sales£17.7m£19m£17.7m
Gross profit£1.6m£1.9m£1.8m
Profit before tax£450k£506k£406k
Profit after tax£371k£390k£278k
Profit (best available)£371k£390k£278k
Staff costs£622k£667k£680k
Employees (average)182021
Ratios
Profit margin1.9%1.9%1.4%
Gross margin8.4%8.9%9.1%
Revenue per employee£1.1m£1m£927k
Profit per employee£20.6k£19.5k£13.2k
Growth (year on year)
Revenue growth—▲8.4%▼6.9%
Profit growth—▲5%▼28.7%
Headcount growth—▲11.1%▲5%
Balance sheet — indirect signals, not revenue
Cash at bank£90.8k£54.7k—
Net assets£2.1m£2.4m£2.6m
Fixed assets£1.2m£1.2m£1.2m
Current assets£4.1m£4.7m£5.1m
Debtors£576k£164k£357k
Cash from operations£371k£400k£248k
SourceFullAccounts · bulk data Dec 2024FullAccounts · bulk data Dec 2024FullAccounts · bulk data Oct 2025
Derived from the latest filing

How the business works

Profit margin
1.4%
Profit ÷ revenue.
Gross margin
9.1%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£927k
Revenue ÷ average employees.
Profit per employee
£13.2k
Profit ÷ average employees.
Cash conversion
—
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
5.9%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
—
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
1.8%
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
▲8%
Now £2.6m
Cash at bank
—
Now —
Headcount
▲5%
Now 21
Deferred income
—
Now —
Fixed assets
▼2%
Now £1.2m
Corporate ownership

Group structure

Ownership chain

  1. Read Motor Group Limitedultimate parent75–100%
  2. Read Hyundai Lincoln 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 £278k), 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.