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Nextgen Clearing Limited

06339120

active
Private Limited Company
england wales
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Going concern doubt noted in accounts (-10)

Details

C/O PREISKEL & CO LLP, 4 KING'S BENCH WALK, LONDON, EC4Y 7DL
Incorporated 09/08/2007

Compliance

Last accounts

31/12/2024

group

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 05/09/2025

Due 19/09/2026

On track

Industry

64999
Other financial service activities

Officers

Mr Kirit Vallabhdas Ruparelia

director · Since 09/08/2007

CHAIRMAN

BRITISH · ENGLAND · Age 62

Also on 11 other boards

Preiskel & Co Llp

secretary · Since 08/02/2008

OTHER

Also on 13 other boards

Mr Dennis Lee Randolph Jr.

director · Since 19/09/2019

COMPANY DIRECTOR

AMERICAN · UNITED STATES · Age 47

Also on 1 other board

Persons with Significant Control

Mr Kiritkumar Vallabhdas Ruparelia

25–50% shares
25–50% votes

British · England · Age 62

C/O Preiskel & Co Llp, 4 King's Bench Walk, Temple, London, EC4Y 7DL

Notified 30/06/2016

CompanyRankvs 46+ SIC 64999 peers
80

Financial strength99th percentile among SIC peers · 25/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 2.19× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength25/25 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.

Liquidity20/20 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

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent 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. However, because not all future events or conditions can be predicted this statement i

Key FinancialsYear ending 31/12/2024

Net Worth

£6.8M

Balance sheet strength

Cash

£4.7M

Cash in the bank

Net Current Assets

£3.5M

Working capital

Current Assets

£6.4M

Current Liabilities

£2.9M

Fixed Assets

£2.6M

Debtors

£2.4M

Cost of Sales

£1.9M

Admin Expenses

£14.3M

Profit After Tax

£2.3M

58avg. employees+10

Tax at Year End

Corp tax£749k

People Costs

Wages & salaries£6.7M

Balance Sheet

Intangible assets£546k
Assets less current liabilities£6.1M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20242.19-£1.1M
20233.93+£2.3M
20212.74+£1.3M
20202.27+£4.3M
20196.68+£0
20184.79—

Derived from filed accounts. Not audited figures.