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Vastale Engineering Limited

01773525

active
Private Limited Company
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

4 BRUNTON ROAD, NEWCASTLE UPON TYNE, NE13 8AF
Incorporated 28/11/1983

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

45112
Sale of used cars and light motor vehicles
77110
Renting and leasing of cars and light motor vehicles

Officers

Mr Qasim Naqvi

director · Since 31/07/2025

NONE

BRITISH · UNITED KINGDOM · Age 31

Also on 14 other boards

Persons with Significant Control

Mr Qasim Naqvi

75–100% shares
75–100% votes
Appoint directors

British · United Kingdom · Age 31

4, Brunton Road, Newcastle Upon Tyne, NE13 8AF

Notified 31/07/2025

Former PSCs

Mr Stephen Norman Chambers

Ceased 28/09/2023

Mrs Jean Chambers

Ceased 31/07/2025

Charges1 outstanding

charge
satisfied

AIB GROUP (UK) P.L.C.

Created 19/01/2001Registered 23/01/2001Satisfied 11/12/2013
charge
satisfied

THE CO-OPERATIVE BANK PLC

Created 27/12/1990Registered 31/12/1990Satisfied 10/09/2013
charge
outstanding

S. N. CHAMBERS

Created 23/12/1987Registered 06/01/1988
charge
satisfied

MIDLAND BANK PLC

Created 06/01/1984Registered 10/01/1984Satisfied 05/12/1990

CompanyRankvs 5026+ SIC 45112 peers
60

Financial strength80th percentile among SIC peers · 20/25
Employees92th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.86× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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5026Vastale Engineering Limited
66
How is this score calculated?
Financial strength20/25 pts

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

Employees14/15 pts

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

Liquidity6/20 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

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/01/2025

Net Worth

£57k

Balance sheet strength

Cash

£216k

Cash in the bank

Net Current Assets

-£50k

Working capital

Current Assets

£301k

Current Liabilities

£351k

Fixed Assets

£1.3M

Debtors

£66k

6avg. employees-1

Tax at Year End

Corp tax£29k

Director Loans(2023)

Directors owe company£251

Balance Sheet

Assets less current liabilities£1.3M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.86-£1.2M
20240.58+£243k
20230.95+£189k
20221.21+£499k
20210.91+£157k
20201.13+£48k
20190.89—

Derived from filed accounts. Not audited figures.