Project Rhine Realisations 2026 Limited
01061464
Notable Risks
- No accounts filed in last 18 months (-5)
- Loss before tax (-10)
- Going concern doubt noted in accounts (-10)
- Active insolvency proceedings (-20)
- 1 outstanding charge (-2)
Details
Previously known as
Compliance
Last accounts
31/12/2024
full
Next accounts due
30/09/2026
Confirmation statement
Last: 03/09/2025
Due 17/09/2026
Industry
Officers
Former
director · Resigned 13/02/2018
director · Resigned 31/07/2018
secretary · Resigned 31/07/2018
director · Resigned 31/07/2018
director · Resigned 31/07/2018
director · Resigned 17/06/2019
director · Resigned 14/07/2022
director · Resigned 16/11/2022
director · Resigned 30/11/2024
Mr Martin Forbister
director · Resigned 13/08/2026
Persons with Significant Control
Simpson Group Limited
Influence Park, Rutherford Road, Washington, NE37 3HX
Reg: 11171309 · Companies Registrar, Companies House · Private Limited Company
Notified 13/02/2018
Former PSCs
Mr Mark William Simpson
Ceased 13/02/2018
Mr Josef Reithinger
Ceased 13/02/2018
Charges1 outstanding
JOHN QUINN AS SECURITY TRUSTEE
MARK SIMPSON (AS SECURITY TRUSTEE)
HOME AND COMMUNITIES AGENCY
HOMES AND COMMUNITIES AGENCY
SANTANDER UK PLC AS SECURITY TRUSTEE FOR EACH GROUP MEMBER
SANTANDER UK PLC AS SECURITY TRUSTEE FOR EACH GROUP MEMBER
Insolvency History1 case
Robert Ferne (practitioner) · Andrew Andronikou (practitioner)
Change History
Active
Private Limited Company
INFLUENCE PARK, RUTHERFORD ROAD
WASHINGTON
CompanyRankvs 42+ SIC 17290 peers49
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Insolvency history: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to
Key FinancialsYear ending 31/12/2024
Net Worth
£1.3M
Balance sheet strength
Cash
£39k
Cash in the bank
Profit Before Tax
-£1.4M
Bottom line earnings
Net Current Assets
£1.1M
Working capital
Current Assets
£7.2M
Current Liabilities
£6.1M
Fixed Assets
£672k
Debtors
£6.6M
Cost of Sales
£9.6M
Admin Expenses
£3.5M
Profit After Tax
-£1.4M
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2024 | 1.19 |
Derived from filed accounts. Not audited figures.