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New Heritage Limited

07900514

active
Private Limited Company
england wales
Companies House
Health Score
69 / 100

Some Concerns

25/30
Filing
10/30
Financial
34/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

UNIT 49 BRIDGE TRADING ESTATE, SMETHWICK, B66 2BZ
Incorporated 06/01/2012

Compliance

Last accounts

31/08/2024

total exemption full

Next accounts due

31/05/2026

On track

Confirmation statement

Last: 11/08/2025

Due 25/08/2026

On track

Industry

68202
Letting and operating of conference and exhibition centres

Officers

Mr Jasvinder Singh Nandhra

director · Since 06/01/2012

DIRECTOR

BRITISH · ENGLAND · Age 70

Also on 3 other boards

Mr Gurdial Singh Suglani

director · Since 06/01/2012

DIRECTOR

BRITISH · UNITED KINGDOM · Age 61

Also on 2 other boards

Mr Ram Lubhaya Suglani

director · Since 06/01/2012

DIRECTOR

BRITISH · UNITED KINGDOM · Age 66

Also on 9 other boards

Persons with Significant Control

Mr Ram Lubhaya Suglani

Significant control

British · United Kingdom · Age 66

Unit 49, Bridge Trading Estate, Smethwick, B66 2BZ

Notified 06/04/2016

Charges3 outstanding

Charge
outstanding

BARCLAYS BANK PLC

Created 03/11/2017Registered 08/11/2017
Charge
outstanding

BARCLAYS BANK PLC

Created 03/11/2017Registered 08/11/2017
Charge
outstanding

BARCLAYS BANK PLC

Created 16/10/2017Registered 31/10/2017
Charge
satisfied

LLOYDS TSB BANK PLC

Created 17/06/2013Registered 21/06/2013Satisfied 01/08/2018
Charge
satisfied

LLOYDS TSB BANK PLC

Created 18/06/2013Registered 19/06/2013Satisfied 01/08/2018

CompanyRankvs 111+ SIC 68202 peers
58

Financial strength92th percentile among SIC peers · 23/25
Employees90th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.08× · 2/20
Longevity14 years trading (max 15) · 14/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength23/25 pts

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

Employees14/15 pts

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

Liquidity2/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity14/15 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 31/08/2024

Net Worth

£491k

Balance sheet strength

Cash

£20k

Cash in the bank

Net Current Assets

-£2.6M

Working capital

Current Assets

£216k

Current Liabilities

£2.8M

Fixed Assets

£3.9M

Debtors

£135k

5avg. employees-1

Balance Sheet

Bank loans & overdrafts£788k
Assets less current liabilities£1.3M
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20240.08+£125k
20230.08+£301k
20220.04
20210.10
20200.17-£56k
20190.05+£51k
20180.03

Derived from filed accounts. Not audited figures.