Readie Construction is a main contractor specialising in the delivery of new build, refurbishment and fit out projects, working in various industrial, retail, commercial and infrastructure sectors. The company commenced trading in 2008 and has grown to become a £100M turnover company within eight years. The company is privately owned and managed by a dynamic team with a wealth of experience in all aspects of the construction industry. Turnover, profit and net value have grown every year since our inception, we have always traded without any debt or overdraft. The growth of the business continues to be achieved without any business development or marketing resource, a very real measure of both the quality of our staff and the level of service provided to our repeat business clients.
Type
Private
HQ
Romford, GB
Founded
2007
Size (employees)
87 (est)
Readie Construction was founded in 2007 and is headquartered in Romford, GB
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Key People/Management at Readie Construction

Stuart Read

Stuart Read

Chairman
Paul Stephens

Paul Stephens

Managing Director
Lisa Phipps

Lisa Phipps

Head of HR & Administration
Tony Field

Tony Field

Health & Safety Manager
David Stephens

David Stephens

Pre-Construction Director
Jessica McCarthy

Jessica McCarthy

Finance Director

Readie Construction Office Locations

Readie Construction has an office in Romford
Romford, GB (HQ)
Falcon Business Centre Ashton Rd
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Readie Construction Financials and Metrics

Summary Metrics

Founding Date

2007
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Readie Construction Financials

Readie Construction's revenue was reported to be £104.92 m in FY, 2017
GBP

Revenue (FY, 2017)

104.9 m

Gross profit (FY, 2017)

8.7 m

Gross profit margin (FY, 2017), %

8.3%

Net income (FY, 2017)

4.9 m

EBITDA (FY, 2017)

6 m

EBIT (FY, 2017)

6 m

Cash (31-Mar-2017)

14 m
GBPFY, 2009FY, 2010FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

1.1 m6.5 m21 m33.6 m51.6 m92.2 m104.9 m

Revenue growth, %

54%79%

Cost of goods sold

912.8 k5.5 m19.3 m32.1 m49.2 m85.3 m96.3 m

Gross profit

209.6 k964.5 k1.7 m1.5 m2.4 m6.9 m8.7 m
GBPFY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

38.4 k661.5 k419.6 k285.7 k256.4 k353.7 k1.9 m6.2 m5 m14 m

Accounts Receivable

33.9 k50.2 k216.4 k1.5 m2.4 m2 m6.4 m10.9 m13.5 m20.5 m

Inventories

121.5 k22.1 k150.7 k110 k61.1 k33.3 k27 k34.6 k285.9 k50.4 k

Current Assets

193.8 k753.2 k882.9 k1.9 m4.6 m4.2 m8.3 m17.3 m22.5 m37.9 m
GBPFY, 2009FY, 2010FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

61.9 k125.7 k440.4 k530.9 k328.9 k2.7 m4.9 m

Cash From Operating Activities

(579.6 k)333 k2.1 m4.7 m(856.5 k)15 m

Dividends Paid

36 k153 k272.2 k293.4 k218.6 k5.1 m

Cash From Financing Activities

(8 k)188.9 k(16.6 k)(238.1 k)(53 k)
GBPY, 2017

Revenue/Employee

1.9 m

Financial Leverage

10.9 x
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