Newdrive Solutions Limited
03528775
Some Concerns
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 30/07/2019
RETAILER
BRITISH · UNITED KINGDOM · Age 58
Also on 1 other board
Persons with Significant Control
Mr Hemant Vakharia
British · United Kingdom · Age 58
104-106, Ballards Lane, Finchley, N3 2DN
Notified 30/07/2019
Former PSCs
Mrs Carol Mary Hill
Ceased 30/07/2019
Charges1 outstanding
PETER MICHAEL STEWARD
CompanyRankvs 3035+ SIC 47290 peers40
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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
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
£16k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
£16k
Working capital
Current Assets
£16k
Current Liabilities
—
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | — | +£0 |
| 2024 | — | +£0 |
| 2023 | — | +£0 |
| 2022 | — | -£8k |
| 2021 | — | -£50k |
| 2020 | 3.75 | +£33k |
| 2019 | 2.12 | -£2k |
| 2017 | 2.24 | — |
Derived from filed accounts. Not audited figures.