Newbegin Holdings Limited
10275347
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 6 outstanding charges (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
secretary · Since 13/07/2016
director · Since 17/12/2021
DIRECTOR
BRITISH · ENGLAND · Age 38
Also on 10 other boards
director · Since 17/12/2021
DIRECTOR
BRITISH · UNITED KINGDOM · Age 50
Also on 12 other boards
Persons with Significant Control
Newbegin Corporation Limited
Newbegin House, Geneva Way, Hull, HU7 0DG
Reg: 13631763 · Companies House · Private Company Limited By Shares
Notified 17/12/2021
Former PSCs
Mr Paul Thomas Simpson
Ceased 17/12/2021
Mrs Mairi Ann Simpson
Ceased 17/12/2021
Charges6 outstanding
PAUL SIMPSON · MAIRI ANN SIMPSON · GEORGE PAUL SIMPSON · GRACE ELIZABETH SIMPSON · THERE ARE MORE THAN FOUR PERSONS ENTITLED
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CompanyRankvs 5508+ SIC 70100 peers46
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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.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co
Key FinancialsYear ending 31/12/2024
Net Worth
£4.8M
Balance sheet strength
Cash
£52k
Cash in the bank
Profit Before Tax
£2.3M
Bottom line earnings
Net Current Assets
-£1.1M
Working capital
Current Assets
£4.0M
Current Liabilities
£5.1M
Fixed Assets
£5.9M
Debtors
£4.0M
Admin Expenses
£48k
Operating Profit
£419k
Profit After Tax
£2.3M
Tax at Year End
People Costs(2020)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.79 | +£176k |
| 2023 | 1.43 | +£98k |
| 2022 | 1.56 | +£57k |
| 2021 | 1.51 | +£831k |
| 2020 | 0.82 | +£860k |
Derived from filed accounts. Not audited figures.