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New City Furniture Limited

09763688

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

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

Details

UNIT 1 HOME FARM INDUSTRY, OLNEY, MK46 4HN
Incorporated 04/09/2015

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

31090
Manufacture of other furniture

Officers

Mr Tim Griggs

director · Since 04/09/2015

FURNITURE MAKER

BRITISH · ENGLAND · Age 48

Also on 1 other board

Mr Waldemar Sawa

director · Since 04/09/2015

FURNITURE MAKER

POLISH · ENGLAND · Age 51

Also on 1 other board

Mrs Stacey Dee Griggs

director · Since 09/05/2023

DIRECTOR

BRITISH · ENGLAND · Age 45

Mrs Edyta Anna Sawa

director · Since 09/05/2023

DIRECTOR

POLISH · ENGLAND · Age 51

Also on 1 other board

Persons with Significant Control

S W Furniture Limited

25–50% shares
25–50% votes

3 Bird Grove, Kempston, MK42 7NG

Reg: 08886091 · Companies House · Limited

Notified 01/03/2024

Sds Joinery Limited

25–50% shares
25–50% votes

46, Wilkinson Crescent, Milton Keynes, MK12 5LL

Reg: 08945430 · Companies House · Limited

Notified 01/03/2024

Former PSCs

Mr John Hamilton-Maattala

Ceased 31/03/2017

Mr Tim Griggs

Ceased 01/03/2024

Mr Waldemar Sawa

Ceased 01/03/2024

CompanyRankvs 1625+ SIC 31090 peers
66

Financial strength85th percentile among SIC peers · 21/25
Employees85th percentile among SIC peers · 13/15
LiquidityCurrent ratio 0.75× · 6/20
Longevity11 years trading (max 15) · 11/15
Filing complianceAll filings up to date · 15/15
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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.

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.

Longevity11/15 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.

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

Key FinancialsYear ending 30/09/2024

Net Worth

£120k

Balance sheet strength

Cash

£22k

Cash in the bank

Net Current Assets

-£85k

Working capital

Current Assets

£253k

Current Liabilities

£338k

Fixed Assets

£478k

Debtors

£221k

7avg. employees+1

Tax at Year End

Corp tax£102k

Balance Sheet

Intangible assets£349k
Assets less current liabilities£394k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.75-£23k
20231.01+£72k
20220.84+£38k
20211.76-£32k
20203.06-£23k
20192.33-£3k
20181.92—

Derived from filed accounts. Not audited figures.