Readstart Ltd

Readstart Ltd is a small, active company based in Southampton, UK, founded just one year ago in May 2023. It’s a solo venture, run by a single director and owner, Keppel Colin, and employs just one person. The company operates from a real address, with only one other business registered there, and holds £100 in cash. While its financial statements are unaudited, they’ll have been prepared by A J Wheeler Ltd - Trading as Howard Smith & Co.

Readstart Ltd’s website paints a picture of a land remediation contractor working nationwide. They specialize in sustainable land remediation, site preparatory works, and demolition, serving residential, energy, and industrial sectors. The company emphasizes its employee-owned status and professional team with extensive experience, focusing on recycling and developing sustainable solutions. They target previously developed sites, offering risk management and an engineered construction platform ready for building. They even offer a "cradlegrave" service promising cost certainty and peace of mind.

Financially, Readstart Ltd is showing some concerning trends. Net assets have plummeted to -£5,700, a significant drop, and cash reserves are a meager £66. Trade creditors remain stable at £5,700, suggesting they’re managing their short-term debts, but the negative equity is a worry. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the lack of positive equity suggests it’s burning through cash. The fact that they’re exempt from an audit, relying on a "filleted" report, means there’s less external scrutiny of their finances. It’s possible that the company is reinvesting heavily in its business, but the lack of positive equity is something to watch.

Registered in England/Wales under the registration number 14899015, with a registered address at SO32 3QT, England, Southampton, Woodlands Brockbridge, Droxford.

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