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N.E. Truck Spares Limited

01191566

active
Private Limited Company
Companies House
Health Score
83 / 100

Healthy

25/30
Filing
20/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

PARKGATE, HOUGHTON LE SPRING, DH5 0RH
Incorporated 25/11/1974

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

45320
Retail trade of motor vehicle parts and accessories

Officers

Mrs Ann Reed

secretary · Since 06/04/1992

SECRETARY

BRITISH · ENGLAND · Age 78

Also on 15 other boards

Peter Reed

director · Since 06/04/1992

DIRECTOR

BRITISH · UNITED KINGDOM · Age 79

Also on 7 other boards

Mrs Ann Reed

director · Since 01/08/1999

SECRETARY

BRITISH · ENGLAND · Age 78

Also on 15 other boards

Mr James John Reed

director · Since 05/12/2011

COMMERCIAL DIRECTOR

BRITISH · UNITED KINGDOM · Age 46

Also on 1 other board

Mr Mark Reed

director · Since 05/12/2011

FINANCE DIRECTOR

BRITISH · UNITED KINGDOM · Age 49

Also on 4 other boards

Persons with Significant Control

Mr Peter Reed

25–50% shares
25–50% votes

British · England · Age 79

Parkgate, Houghton Le Spring, DH5 0RH

Notified 06/04/2016

Former PSCs

Mrs Ann Reed

Ceased 02/03/2021

Charges1 outstanding

Charge
outstanding

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CompanyRankvs 589+ SIC 45320 peers
61

Financial strength97th percentile among SIC peers · 24/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.29× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength24/25 pts

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

Employees15/15 pts

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

Liquidity12/20 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

Going concern doubt: -10 pts

Outstanding charges: -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 original financial statements were authorised for issue. Our responsibilities and the responsibilities of the directors with respect t

Key FinancialsYear ending 31/03/2024

Turnover

£24.8M

Annual revenue

Net Worth

£1.9M

Balance sheet strength

Cash

£71k

Cash in the bank

Profit Before Tax

£584k

Bottom line earnings

Net Current Assets

£1.8M

Working capital

Current Assets

£7.9M

Current Liabilities

£6.1M

Fixed Assets

£426k

Debtors

£4.4M

Cost of Sales

£18.9M

Gross Profit

£6.0M

Admin Expenses

£1.9M

Profit After Tax

£424k

88avg. employees

Tax at Year End

Dividends paid-£45k

People Costs

Wages & salaries£2.9M
NI contributions£286k

Balance Sheet

Bank loans & overdrafts£11k
Assets less current liabilities£2.2M
Signed by 01191566 2023-01-01 2024-03-31 01191566 2024-03-31 01191566 bus:HighestPaid 2024-03-31 01191566 bus:OrdinaryShareClass1 Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent Ratio
20241.29

Derived from filed accounts. Not audited figures.