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Newsbale Newsagents Ltd

04095737

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
10/30
Financial
30/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 5 outstanding charges (-10)

Details

16 LANGLEY LANE, MIDDLETON, M24 5LH
Incorporated 24/10/2000

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47620
Retail sale of newspapers and stationery in specialised stores

Officers

Mohammed Badat

director · Since 05/06/2001

SALESMAN

BRITISH · UNITED KINGDOM · Age 52

Persons with Significant Control

Mehboob Badat

75–100% shares

British · United Kingdom · Age 56

32, Roseberry Street, Bolton, BL3 4AR

Notified 06/04/2016

Charges5 outstanding

Charge
outstanding

THE ROYAL BANK OF SCOTLAND PLC

Created 12/12/2014Registered 14/08/2015
Charge
outstanding

THE ROYAL BANK OF SCOTLAND PLC

Created 12/12/2014Registered 14/08/2015
charge
outstanding

THE ROYAL BANK OF SCOTLAND PLC

Created 27/10/2010Registered 29/10/2010
charge
outstanding

THE ROYAL BANK OF SCOTLAND PLC

Created 26/01/2007Registered 31/01/2007
charge
satisfied

THE ROYAL BANK OF SCOTLAND PLC

Created 20/10/2004Registered 22/10/2004Satisfied 20/07/2013
charge
outstanding

THE ROYAL BANK OF SCOTLAND PLC

Created 20/06/2003Registered 27/06/2003

CompanyRankvs 436+ SIC 47620 peers
59

Financial strength80th percentile among SIC peers · 20/25
Employees84th percentile among SIC peers · 13/15
LiquidityCurrent ratio 0.51× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength20/25 pts

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

Employees13/15 pts

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

Liquidity6/20 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 31/10/2024

Net Worth

£56k

Balance sheet strength

Cash

£23k

Cash in the bank

Net Current Assets

-£29k

Working capital

Current Assets

£31k

Current Liabilities

£60k

Fixed Assets

£86k

Debtors

£8k

6avg. employees+1

Tax at Year End(2022)

Corp tax£3k

Balance Sheet

Assets less current liabilities£57k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.51-£74k
20231.77-£32k
20222.96+£13k
20212.51

Derived from filed accounts. Not audited figures.