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Nearland (Uk) Limited

10955125

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Loss before tax (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

BOODLE HATFIELD LLP 10TH FLOOR, LONDON, SE1 8NW
Incorporated 11/09/2017

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

64209
Activities of other holding companies

Officers

Ibrahim Mussallam

director · Since 04/04/2018

BUSINESS MAN

SAUDI ARABIAN · SAUDI ARABIA · Age 59

Also on 1 other board

Charges0 outstanding

Charge
satisfied

HSBC BANK PLC (AS SECURITY AGENT)

Created 21/12/2018Registered 28/12/2018Satisfied 15/04/2024

CompanyRankvs 1624+ SIC 64209 peers
68

Financial strength100th percentile among SIC peers · 25/25
Employees59th percentile among SIC peers · 9/15
LiquidityCurrent ratio 2.38× · 20/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength25/25 pts

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

Employees9/15 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.

Longevity9/15 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.

Risk deductions

Going concern doubt: -10 pts

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

Going Concern Doubt

that are free from material misstatement, whether due to fraud or error. In preparing the financial statements , the director is responsible for assessing the Company 's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the Company or to cease opera

Key FinancialsYear ending 31/12/2024

Net Worth

£74.8M

Balance sheet strength

Cash

£1

Cash in the bank

Profit Before Tax

-£461k

Bottom line earnings

Net Current Assets

£8.4M

Working capital

Current Assets

£14.5M

Current Liabilities

£6.1M

Fixed Assets

£73.1M

Debtors

£14.5M

Admin Expenses

£132k

Operating Profit

-£132k

Profit After Tax

-£461k

1avg. employees

Balance Sheet

Assets less current liabilities£81.5M
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
20242.38-£461k
20232.48+£1.9M
202249.51+£95k
202149.51—

Derived from filed accounts. Not audited figures.