Readings Property Services LLP
Registered name: READINGS PROPERTY SERVICES LLP
Readings Property Services LLP made £713k revenue and £139k profit in the year to 31 Mar 2025.
Readings Property Services LLP’s revenue grew 14% to £713k in the year to 31 Mar 2025, with £139k profit and 9 employees. The company is based in Romford; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Romford, London
- Age
- 9 yrs · since 2017
- Type
- Limited Liability Partnership
Partnership. Profit is shown before the partners' own pay, so margins aren't comparable with a limited company. 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 | No P&L | No P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | — | — | £624k | £713k |
| Cost of sales | — | — | £76.6k | £79k |
| Gross profit | — | — | £548k | £634k |
| Operating profit | — | — | £203k | £268k |
| Profit after tax | — | — | £32.5k | £139k |
| Profit (best available) | — | — | £32.5k | £139k |
| Employees (average) | 11 | 11 | 11 | 9 |
| Ratios | ||||
| Profit margin | — | — | 5.2% | 19.4% |
| Gross margin | — | — | 87.7% | 88.9% |
| Revenue per employee | — | — | £56.8k | £79.3k |
| Profit per employee | — | — | £3k | £15.4k |
| Growth (year on year) | ||||
| Revenue growth | — | — | — | ▲14.3% |
| Profit growth | — | — | — | ▲326% |
| Headcount growth | — | 0% | 0% | ▼18.2% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £119k | £96.5k | £69.7k | £187k |
| Net assets | — | — | — | — |
| Fixed assets | £23.2k | £38.7k | £29k | £29.5k |
| Current assets | £127k | £101k | £73.7k | £191k |
| Debtors | £8.5k | £4k | £4k | £4k |
| Source | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2024 | FullAccounts · bulk data Dec 2025 |
How the business works
- Profit margin
- 19.4%
- Profit ÷ revenue.
- Gross margin
- 88.9%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £79.3k
- Revenue ÷ average employees.
- Profit per employee
- £15.4k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 4.1%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 0.6%
- 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
- —
- Now —
- Cash at bank
- ▲168%
- Now £187k
- Headcount
- ▼18%
- Now 9
- Deferred income
- —
- Now —
- Fixed assets
- ▲2%
- Now £29.5k
Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit £139k), from the Companies House accounts bulk data published Dec 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.