PARKSIDE READING LIMITED
Company number 10364719 · Monitor this company
Executive summary
Parkside Reading Limited is an overleveraged, persistently insolvent used car dealership operating in a competitive, low-margin sector with net liabilities of £163,431 and total dependence on creditor forbearance for continued existence. While FY2024 shows modest balance sheet improvement and a shift toward longer-term debt structuring, the fundamental business model remains unsustainable without significant capital restructuring. The company's survival hinges on the director's ability to either inject equity, renegotiate debt terms, or pivot toward higher-margin ancillary revenue streams that do not require additional working capital investment.
Shareholders' funds
-£155,641
Balance sheet as at 2025-08-31
Overview
- Company type
- Private Limited Company
- Incorporated
- 2016-09-08
- Employees
- 2 (2025 accounts)
- Registered office
- 34 Eastcourt Avenue, Earley, Reading, England, RG6 1HH
- Postcode
- RG6 1HH
- Capital
- 100 GBP
- Accounts category
- Micro
Accounts
- Last made up to
- 2025-08-31
- Next due by
- 2027-05-31
- Financial year end
- 31 August
Confirmation statement
- Last statement dated
- 2025-08-18
- Next due by
- 2026-09-01
Nature of business (SIC)
- 45112 Sale of used cars and light motor vehicles
Officers 1 current · 2 resigned
Previous registered addresses 2
| Address | Changed on |
|---|---|
| 37 LOVEROCK ROAD, UNIT 1, THE PORTMAN CENTRE, READING, RG30 1DZ, ENGLAND | 2019-05-07 |
| 87 SOUTHAMPTON STREET, READING, RG1 2QU, UNITED KINGDOM | 2017-03-16 |
Among its peers
Among the oldest 25%
of 428 similar companies in RG, trading since 2016
Competitors Reading
This company ranks 280 among sale of used cars and light motor vehicles in Reading.
The class of 2016
27%
of the 2,975 companies in this sector incorporated in 2016 are still active today; 65% have since been dissolved.
A fact about the year, not a forecast for this company.