Newtech Distribution Ltd
10887094
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 26/06/2019
DIRECTOR
BRITISH · ENGLAND · Age 51
Also on 4 other boards
Persons with Significant Control
Mr Jalinder Singh Ahuja
British · England · Age 51
27 Durham Avenue, Hounslow, TW5 0HG
Notified 11/10/2022
Former PSCs
Mr Surbir Singh Gogar
Ceased 11/10/2022
CompanyRankvs 3017+ SIC 46520 peers41
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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 30/04/2025
Net Worth
-£64k
Balance sheet strength
Cash
£26k
Cash in the bank
Net Current Assets
-£64k
Working capital
Current Assets
£417k
Current Liabilities
£481k
Debtors
£171k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.87 | -£107k |
| 2024 | 1.14 | +£45k |
| 2023 | 1.06 | +£40k |
| 2022 | 0.92 | +£15k |
| 2021 | 0.96 | -£144k |
| 2020 | 0.63 | +£82k |
| 2019 | 1.25 | +£690 |
| 2018 | 1.20 | — |
Derived from filed accounts. Not audited figures.