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New City Heating Company Limited

01163410

active
Private Limited Company
england wales
Companies House
Insolvency history
Health Score
68 / 100

Some Concerns

30/30
Filing
20/30
Financial
18/40
Risk
  • Active insolvency proceedings (-20)
  • 1 outstanding charge (-2)

Details

14 SIMPSON ROAD, MILTON KEYNES, MK2 2DD
Incorporated 18/03/1974

Compliance

Last accounts

31/10/2025

total exemption full

Next accounts due

31/07/2027

On track

Confirmation statement

Last: 09/03/2026

Due 23/03/2027

On track

Industry

46740
Wholesale of hardware, plumbing and heating equipment and supplies
47990
Other retail sale not in stores, stalls or markets

Officers

Mr Adrian Leslie Worman

director · Since 01/06/2008

MANAGER

BRITISH · ENGLAND · Age 61

Persons with Significant Control

Mr Adrian Leslie Worman

50–75% shares
50–75% votes

British · England · Age 61

14, Simpson Road, Milton Keynes, MK2 2DD

Notified 09/03/2017

Former PSCs

Mr Ian Lewis Worman

Ceased 12/11/2018

Charges1 outstanding

Charge
satisfied

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Created 23/09/2019Registered 26/09/2019Satisfied 19/01/2022
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Created 23/09/2019Registered 26/09/2019Satisfied 19/01/2022
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Created 11/04/2018Registered 11/04/2018Satisfied 28/07/2021
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NATIONAL WESTMINSTER BANK PLC

Created 21/10/1982Registered 26/10/1982Satisfied 09/12/1996

Insolvency History1 case

corporate voluntary arrangement

Lauren Louise Auburn (practitioner) · Thomas Edward Guthrie (practitioner)

CompanyRankvs 496+ SIC 46740 peers
55

Financial strength89th percentile among SIC peers · 22/25
Employees18th percentile among SIC peers · 3/15
LiquidityCurrent ratio 1669.06× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10Insolvency history -10
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How is this score calculated?
Financial strength22/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees3/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

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.

Key FinancialsYear ending 31/10/2025

Net Worth

£824k

Balance sheet strength

Cash

£182k

Cash in the bank

Net Current Assets

£347k

Working capital

Current Assets

£347k

Current Liabilities

£208

Fixed Assets

£546k

Debtors

£155k

0avg. employees

Tax at Year End(2021)

Corp tax£43k

Balance Sheet

Assets less current liabilities£893k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20251669.06+£288k
20240.81-£69k
20231.42-£282k
20221.52-£589k
20211.54-£566k
20202.51-£117k
20192.43-£582k£558k
20183.79

Derived from filed accounts. Not audited figures.