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Powis Newsagents Limited

03577841

active
Private Limited Company
Companies House
Health Score
61 / 100

Some Concerns

25/30
Filing
0/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

2 SANDERSON STREET, DURHAM, DH6 4DG
Incorporated 09/06/1998

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47110
Retail sale in non-specialised stores with food, beverages or tobacco predominating

Officers

Mr. Gary Anthony Quinn

secretary · Since 09/06/1998

EXECUTIVE

BRITISH · UNITED KINGDOM · Age 65

Also on 5 other boards

Mr. Gary Anthony Quinn

director · Since 09/06/1998

EXECUTIVE

BRITISH · UNITED KINGDOM · Age 65

Also on 5 other boards

Persons with Significant Control

Mr Gary Anthony Quinn

75–100% shares

British · England · Age 65

92, Beechfield Rise, Durham, DH6 4SD

Notified 06/04/2016

Charges2 outstanding

charge
outstanding

NORWICH & PETERBOROUGH BUILDING SOCIETY

Created 24/09/2007Registered 09/10/2007
charge
outstanding

BARCLAYS BANK PLC

Created 10/04/2002Registered 12/04/2002

CompanyRankvs 12114+ SIC 47110 peers
37

Financial strength5th percentile among SIC peers · 1/25
Employees93th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.28× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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12114Powis Newsagents Limited
47
How is this score calculated?
Financial strength1/25 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.

Liquidity2/20 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 30/06/2024

Net Worth

-£40k

Balance sheet strength

Cash

£624

Cash in the bank

Net Current Assets

-£40k

Working capital

Current Assets

£16k

Current Liabilities

£56k

Fixed Assets

£16k

Debtors

£4k

12avg. employees+3

Tax at Year End

Corp tax£8k
VAT£2k

Director Loans

Company owes directors£21k

Balance Sheet

Assets less current liabilities-£24k
Signed by Mr Gary Quinn 31/07/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20240.28+£12k£34k
20230.28+£18k£11k
20220.10+£44k£140k
20210.16+£21k£140k
20200.15+£12k£30k
20190.08-£9k£7k
20180.13—£4k

Derived from filed accounts. Not audited figures.