Newfangled Solutions Limited
08398860
Healthy
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 01/07/2015
DIRECTOR
BRITISH · UNITED KINGDOM · Age 51
Also on 1 other board
Persons with Significant Control
Mr. Ian Mcewan
British · United Kingdom · Age 49
67, Percy Park Road, Tynemouth, NE30 4LG
Notified 06/04/2016
Former PSCs
Clare Louise Mcewan
Ceased 12/02/2025
CompanyRankvs 100542+ SIC 70229 peers53
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 05/04/2025
Net Worth
£2k
Balance sheet strength
Cash
£14k
Cash in the bank
Net Current Assets
-£327
Working capital
Current Assets
£14k
Current Liabilities
£14k
Fixed Assets
£3k
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit | Est. Revenue |
|---|---|---|---|
| 2025 | 0.98 | — | £75k |
| 2024 | 0.85 | — | £99k |
| 2023 | 0.94 | — | £75k |
| 2022 | 1.99 | -£12k | £59k |
| 2021 | 1.31 | +£10k | £123k |
| 2020 | 1.20 | -£15k | — |
| 2019 | 2.43 | — | — |
Derived from filed accounts. Not audited figures.