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News Update Limited

09835411

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

LONDON ACCOUNTING GROUP LTD, LONDON, E5 9NA
Incorporated 21/10/2015

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

96090
Other personal service activities

Officers

Mr Moshe Freund

director · Since 21/10/2015

DIRECTOR

AMERICAN · UNITED KINGDOM · Age 49

Also on 1 other board

Persons with Significant Control

Mr Moshe Freund

75–100% shares

American · United Kingdom · Age 49

1, Forburg Road, London, N16 6HP

Notified 01/06/2016

CompanyRankvs 3326+ SIC 96090 peers
84

Financial strength92th percentile among SIC peers · 23/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 6.88× · 20/20
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 strength23/25 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.

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 31/10/2024

Net Worth

£186k

Balance sheet strength

Cash

£107k

Cash in the bank

Net Current Assets

£188k

Working capital

Current Assets

£220k

Current Liabilities

£32k

Fixed Assets

£13k

Debtors

£113k

12avg. employees+1

Tax at Year End

Corp tax£14k
VAT£20k

Balance Sheet

Assets less current liabilities£201k
Signed by Mr Moshe Freund 18/07/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20246.88+£54k£390k
20235.08+£53k—
20224.27+£4k—
20213.97+£3k—
20203.08—£294k

Derived from filed accounts. Not audited figures.