North East Recovery Limited
11387572
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Mr Ralph Brown
British · United Kingdom · Age 69
1 Leesfield Drive, Leesfield Drive, Durham, DH7 8NG
Notified 21/05/2024
Former PSCs
Mr Graham Bell
Ceased 01/07/2020
CompanyRankvs 39493+ SIC 49410 peers31
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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 31/05/2025
Net Worth
-£11k
Balance sheet strength
Cash
£1k
Cash in the bank
Net Current Assets
-£2k
Working capital
Current Assets
£1k
Current Liabilities
£4k
Fixed Assets
£209
Debtors
£260
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.36 | +£0 |
| 2025 | 0.36 | +£0 |
| 2024 | 0.36 | -£106 |
| 2023 | 0.09 | — |
Derived from filed accounts. Not audited figures.