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North Eastern Composites Limited

03967100

active
Private Limited Company
Companies House
Health Score
74 / 100

Some Concerns

30/30
Filing
10/30
Financial
34/40
Risk
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

UNIT 3 SOUTH NELSON ROAD, CRAMLINGTON, NE23 1WF
Incorporated 07/04/2000

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

32990
Other manufacturing

Officers

Mr Clive Hannam

director · Since 07/04/2000

DIRECTOR

BRITISH · UNITED KINGDOM · Age 80

Mark Allan Todd

director · Since 07/11/2007

DIRECTOR

BRITISH · UNITED KINGDOM · Age 53

Mrs Sharon Elizabeth Williamson

director · Since 08/10/2010

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 58

Also on 3 other boards

Persons with Significant Control

Mr Clive Hannam

Significant control

British · United Kingdom · Age 80

Unit 3, South Nelson Road, Cramlington, NE23 1WF

Notified 01/06/2016

Mr Mark Allan Todd

25–50% shares
25–50% votes
Appoint directors

British · United Kingdom · Age 53

Unit 3, South Nelson Road, Cramlington, NE23 1WF

Notified 01/06/2016

Mrs Sharon Elizabeth Williamson

25–50% shares
25–50% votes

British · United Kingdom · Age 58

Unit 3, South Nelson Road, Cramlington, NE23 1WF

Notified 01/08/2016

Charges3 outstanding

A registered charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 26/11/2024Registered 03/07/2026Satisfied 03/07/2026
Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 26/11/2024Registered 29/11/2024
Charge
outstanding

RBS INVOICE FINANCE LTD

Created 29/10/2024Registered 30/10/2024
Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 16/09/2024Registered 20/09/2024
Charge
satisfied

CLOSE BROTHERS LIMITED (THE “SECURITY TRUSTEE�)

Created 24/06/2019Registered 03/07/2019Satisfied 18/11/2024
Charge
satisfied

LLOYDS BANK COMMERCIAL FINANCE LTD

Created 31/10/2014Registered 07/11/2014Satisfied 07/06/2024
charge
satisfied

BIBBY FINANCIAL SERVICES LIMITED

Created 01/03/2005Registered 04/03/2005Satisfied 09/02/2015
charge
satisfied

REEDHAM FACTORS LIMITED

Created 11/07/2000Registered 19/07/2000Satisfied 22/02/2008

CompanyRankvs 5010+ SIC 32990 peers
55

Financial strength83th percentile among SIC peers · 21/25
Employees12th percentile among SIC peers · 2/15
LiquidityCurrent ratio 1.3× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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5010North Eastern Composites Limited
65
How is this score calculated?
Financial strength21/25 pts

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

Employees2/15 pts

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

Liquidity12/20 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 31/05/2025

Net Worth

£415k

Balance sheet strength

Cash

£91k

Cash in the bank

Net Current Assets

£295k

Working capital

Current Assets

£1.3M

Current Liabilities

£968k

Fixed Assets

£132k

Debtors

£934k

-42avg. employees-2
Prepared with v2025.59.1 limited_company_frs_102_section_1a_v1_1_2 companies_house

EstimatesDerived

YearCurrent RatioImplied Profit
20251.30+£149k
20241.16+£542k
20231.05+£86k
20221.05+£82k
20211.07—

Derived from filed accounts. Not audited figures.