Read Construction UK Limited
Registered name: READ CONSTRUCTION UK LIMITED
Read Construction UK Limited made £46.1m revenue and £407k profit in the year to 31 Mar 2025.
Read Construction UK Limited’s revenue grew 6% to £46.1m in the year to 31 Mar 2025, with £407k profit and 76 employees. The company is classified under “activities of construction holding companies” and is based in Wrexham; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Wrexham, Wales
- Age
- 8 yrs · since 2018
- 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 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | £26.9m | £28.4m | £43.4m | £46.1m |
| Cost of sales | £24.7m | £26m | £39.9m | £40.5m |
| Gross profit | £2.2m | £2.4m | £3.5m | £5.7m |
| Operating profit | £433k | £622k | £1.3m | £2.9m |
| Profit before tax | £423k | £640k | £1.4m | £3.1m |
| Profit after tax | £682k | £245k | £256k | £407k |
| Profit (best available) | £682k | £245k | £256k | £407k |
| Staff costs | £2.9m | £3.1m | £3.7m | £4.3m |
| Employees (average) | 64 | 76 | 72 | 76 |
| Ratios | ||||
| Profit margin | 2.5% | 0.9% | 0.6% | 0.9% |
| Gross margin | 8% | 8.5% | 8% | 12.3% |
| Revenue per employee | £420k | £374k | £603k | £607k |
| Profit per employee | £10.7k | £3.2k | £3.6k | £5.4k |
| Cash conversion | — | −0.3% | 267.8% | 96.7% |
| Growth (year on year) | ||||
| Revenue growth | — | ▲5.8% | ▲52.8% | ▲6.2% |
| Profit growth | — | ▼64.2% | ▲4.6% | ▲59% |
| Headcount growth | — | ▲18.8% | ▼5.3% | ▲5.6% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £3.9m | £3.2m | £6.3m | £7.6m |
| Net assets | £2.3m | £2.3m | £2.3m | £2.4m |
| Fixed assets | £1.1m | £1.4m | £1.5m | £1.9m |
| Current assets | £8.4m | £7.4m | £13.9m | £15.2m |
| Debtors | £2.7m | £2.7m | £4.7m | £5.6m |
| Cash from operations | — | −£1.6k | £3.5m | £2.8m |
| Source | Accounts · bulk data Jan 2024 | Accounts · bulk data Jan 2024 | Accounts · bulk data Oct 2024 | FullAccounts · bulk data Sep 2025 |
How the business works
- Profit margin
- 0.9%
- Profit ÷ revenue.
- Gross margin
- 12.3%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £607k
- Revenue ÷ average employees.
- Profit per employee
- £5.4k
- Profit ÷ average employees.
- Cash conversion
- 96.7%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 4%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 12.1%
- 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
- ▲3%
- Now £2.4m
- Cash at bank
- ▲21%
- Now £7.6m
- Headcount
- ▲6%
- Now 76
- Deferred income
- —
- Now —
- Fixed assets
- ▲20%
- Now £1.9m
Group structure
Subsidiaries (1)
- Read Construction Group LimitedRev. £0 · Profit £411k
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £407k), from the Companies House accounts bulk data published Sep 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.