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Grid North East Ltd

09873350

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)
  • Negative net worth (-10)

Details

48 HART LANE, HARTLEPOOL, TS26 8NL
Incorporated 16/11/2015

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

43999
Specialised construction activities

Officers

Mr Paul John Cusworth

director · Since 16/11/2015

SUSPENDED CEILING AND DRYLINING FIXER

BRITISH · ENGLAND · Age 56

Mr Paul Alan Foster

director · Since 16/11/2015

SUSPENDED CEILING DRYLINING FIXER AND JO

BRITISH · UNITED KINGDOM · Age 50

Persons with Significant Control

Mr Paul John Cusworth

25–50% shares
25–50% votes
Appoint directors

British · England · Age 56

48, Hart Lane, Hartlepool, TS26 8NL

Notified 15/11/2016

Mr Paul Alan Foster

25–50% shares
25–50% votes
Appoint directors

British · England · Age 50

48, Hart Lane, Hartlepool, TS26 8NL

Notified 15/11/2016

CompanyRankvs 32186+ SIC 43999 peers
42

Financial strength12th percentile among SIC peers · 3/25
Employees9th percentile among SIC peers · 1/15
LiquidityCurrent ratio 1.08× · 12/20
Longevity11 years trading (max 15) · 11/15
Filing complianceAll filings up to date · 15/15
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32186Grid North East Ltd
41
How is this score calculated?
Financial strength3/25 pts

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

Employees1/15 pts

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

Liquidity12/20 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 29/11/2024

Net Worth

-£2k

Balance sheet strength

Cash

£13k

Cash in the bank

Net Current Assets

£973

Working capital

Current Assets

£13k

Current Liabilities

£12k

Profit After Tax

-£7k

0avg. employees

Tax at Year End(2023)

Dividends paid£2k

Balance Sheet

Assets less current liabilities£973
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20241.08+£0
20241.08-£7k
20231.74—

Derived from filed accounts. Not audited figures.