Readspeed Limited

Readspeed Ltd from Worcestershire UK: small company, active status, founded 21 years ago, 3 employees, £71,352 assets, real address, 1 director, 1 owner, solo founder. Irregular importer of vehicles, parts, and accessories (not for trains or trams) (1 months imported). Irregular exporter of vehicles, parts, and accessories (not for trains or trams) (1 months exported). Readspeed Ltd is a small, family-run business based in Stourport-on-Severn, Worcestershire. Established 21 years ago, the company employs just three people and holds assets valued at £71,352. It operates from a real address and is led by a single director and owner, who is also the solo founder. Readspeed’s business involves importing and exporting vehicles, parts, and accessories – though activity is irregular, with just one month of import and export recorded recently.

The company’s website, readspeedscooters.com, paints a picture of a specialist retailer focused on scooters and related equipment. It’s a dedicated dealer for Piaggio, Vespa, and Aprilia, offering sales, servicing, dyno testing, and MOTs. The site also showcases a wide range of products, including parts, accessories, rider gear, and tools. It even has a section for finance options. The website also highlights a commitment to building, servicing, tuning, and testing Lambretta, Vespa, and automatic scooters. They even have a dedicated MOT bay.

Financially, Readspeed Ltd’s recent performance shows some concerning trends. While assets remain at £71,352, cash reserves have fallen by 29% to £37,000. Debtor amounts have decreased by 14% to £13,000, and creditors have also dropped by 5.6% to £27,000. Equity has significantly increased by 54% to £55,000. The company meets the criteria for a small company – with turnover under £10.2m, assets under £5.1m, and fewer than 50 employees. The lack of a named auditor suggests they are exempt from an audit, and the financial statements are unaudited. The business has been around for a while, but the recent drop in cash reserves is something to keep an eye on.

Registered in England/Wales under the registration number 04797795, with a registered address at DY13 9AQ, Worcestershire, 39 Mitton Street, Stourport On Severn.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.