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Newquip Limited

05465512

active
Private Limited Company
Companies House
Health Score
68 / 100

Some Concerns

30/30
Filing
0/30
Financial
38/40
Risk
  • Loss before tax (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

NQ HOUSE CONYGARTH WAY, NORTHALLERTON, DL7 9EE
Incorporated 27/05/2005

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46610
Wholesale of agricultural machinery, equipment and supplies

Officers

Mr Adam Dye

director · Since 20/02/2017

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 46

Also on 2 other boards

Persons with Significant Control

Mr Adam Dye

25–50% shares
50–75% votes

British · England · Age 46

Nq House, Conygarth Way, Northallerton, DL7 9EE

Notified 27/05/2017

Mr James Dye

25–50% shares
25–50% votes

British · England · Age 47

Nq House, Conygarth Way, Northallerton, DL7 9EE

Notified 27/05/2017

Charges1 outstanding

charge
outstanding

HSBC BANK PLC

Created 07/02/2006Registered 09/02/2006

CompanyRankvs 308+ SIC 46610 peers
52

Financial strength85th percentile among SIC peers · 21/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.99× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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308Newquip Limited
68
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.

Employees15/15 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

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 Company'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 director with respect to going con

Key FinancialsYear ending 28/02/2025

Turnover

£29.3M

Annual revenue

Net Worth

£783k

Balance sheet strength

Cash

£2.5M

Cash in the bank

Profit Before Tax

-£2.2M

Bottom line earnings

Net Current Assets

-£332k

Working capital

Current Assets

£24.3M

Current Liabilities

£24.6M

Fixed Assets

£1.1M

Cost of Sales

£26.8M

Gross Profit

£2.4M

Admin Expenses

£4.7M

Operating Profit

-£2.2M

Profit After Tax

-£2.2M

36avg. employees

Tax at Year End

Dividends paid-£600k

People Costs

Wages & salaries£1.6M
NI contributions£210k

Balance Sheet

Assets less current liabilities£783k
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
20250.99-£2.2M
20241.17-£1.3M
20231.37—

Derived from filed accounts. Not audited figures.