Adapt (North East)
03604980
Some Concerns
- Going concern doubt noted in accounts (-10)
- 2 outstanding charges (-4)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 03/10/2005
EDUCATIONAL SUPPORT WORKER
BRITISH · UNITED KINGDOM · Age 78
director · Since 06/03/2006
NONE
BRITISH · UNITED KINGDOM · Age 60
Also on 1 other board
director · Since 11/02/2008
NONE
BRITISH · UNITED KINGDOM · Age 86
Also on 2 other boards
director · Since 09/06/2010
SOCIAL WORK CONSULTANT
BRITISH · ENGLAND · Age 71
Also on 1 other board
Persons with Significant Control
Mrs Lorraine Hershon
British · United Kingdom · Age 60
Old Highways Depot, Burn Lane, Hexham, NE46 3HN
Notified 07/04/2016
Former PSCs
Ms Patricia Maginn
Ceased 28/07/2021
Charges2 outstanding
THE CHARITY BANK LIMITED
THE CHARITY BANK LIMITED
BIG ISSUE INVEST LIMITED
THE COMMUNITY LOAN FUND FOR THE NORTH EAST (A SUB FUND OF THE SOCIAL ENTERPRISE LOAN FUND)
THE COMMUNITY LOAN FUND FOR THE NORTH EAST (A SUB-FUND OF THE LOCAL INVESTMENT FUND)
CompanyRankvs 139984+ SIC 82990 peers12
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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
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 Charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to go
Key FinancialsYear ending 31/03/2025
Net Worth
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Balance sheet strength
Cash
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Cash in the bank
Net Current Assets
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Working capital
Current Assets
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Current Liabilities
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People Costs(2021)
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2021 | 5.68 | +£80k |
| 2020 | 1.72 | — |
Derived from filed accounts. Not audited figures.