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Faithissue Limited

02622315

active
Private Limited Company
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
20/30
Financial
30/40
Risk
  • 5 outstanding charges (-10)

Details

41 ERRINGTON ROAD, NEWCASTLE UPON TYNE, NE20 9LB
Incorporated 20/06/1991

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68209
Other letting and operating of own or leased real estate

Officers

Mrs Ann Penelope Reid

secretary · Since 01/06/1992

COMPANY SECRETARY

BRITISH · Age 71

Prof John Stuart Reid

director · Since 01/06/1992

ELECTRONICS ENGINEER

BRITISH · UNITED KINGDOM · Age 78

Also on 10 other boards

Persons with Significant Control

Prof John Stuart Reid

25–50% shares
25–50% votes

British · United Kingdom · Age 78

41, Errington Road, Newcastle Upon Tyne, NE20 9LB

Notified 06/04/2016

Charges5 outstanding

Charge
outstanding

BARCLAYS BANK PLC

Created 08/10/2013Registered 14/10/2013
charge
outstanding

BARCLAYS BANK PLC

Created 05/06/1995Registered 09/06/1995
charge
outstanding

BARCLAYS BANK PLC

Created 30/05/1995Registered 05/06/1995
charge
outstanding

BARCLAYS BANK PLC

Created 30/05/1995Registered 05/06/1995
charge
outstanding

LLOYDS BANK PLC

Created 24/10/1991Registered 06/11/1991

CompanyRankvs 17466+ SIC 68209 peers
66

Financial strength91th percentile among SIC peers · 23/25
Employees18th percentile among SIC peers · 3/15
LiquidityCurrent ratio 18.63× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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17466Faithissue Limited
76
How is this score calculated?
Financial strength23/25 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

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

Key FinancialsYear ending 31/08/2025

Net Worth

£658k

Balance sheet strength

Cash

£44k

Cash in the bank

Net Current Assets

£230k

Working capital

Current Assets

£243k

Current Liabilities

£13k

Fixed Assets

£450k

Debtors

£199k

0avg. employees

Balance Sheet

Assets less current liabilities£680k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
202518.63+£0
202518.63+£29k
202425.52+£16k
20235.32+£24k
20226.40+£24k
20217.03+£17k
20208.15+£17k
20198.74+£15k
20189.58—

Derived from filed accounts. Not audited figures.