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Future Transport Tyne And Wear Ltd

12100994

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

FERNWOOD HOUSE FERNWOOD ROAD, NEWCASTLE UPON TYNE, NE2 1TJ
Incorporated 12/07/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47640
Retail sale of sports goods, fishing gear, camping goods, boats and bicycles

Officers

Mr Robert Laurence Taylor

director · Since 12/07/2019

CHARTERED ENGINEER

BRITISH · UNITED KINGDOM · Age 53

Also on 1 other board

Persons with Significant Control

Mr Robert Laurence Taylor

75–100% shares
75–100% votes
Appoint directors

British · United Kingdom · Age 53

Fernwood House, Fernwood Road, Newcastle Upon Tyne, NE2 1TJ

Notified 12/07/2019

CompanyRankvs 6227+ SIC 47640 peers
17

Financial strength4th percentile among SIC peers · 1/25
Employees15th percentile among SIC peers · 2/15
LiquidityCurrent ratio 0.08× · 2/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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26
How is this score calculated?
Financial strength1/25 pts

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

Employees2/15 pts

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

Liquidity2/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity7/15 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

Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements have been prepared on a going concern basis which, in the opinion of the director, is the appropriate basis. The company's ability to continue trading is dependent upon the on-going support of its shareholder. In the eve

Key FinancialsYear ending 31/12/2024

Net Worth

-£86k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£117k

Working capital

Current Assets

£10k

Current Liabilities

£127k

Fixed Assets

£31k

0avg. employees

Balance Sheet

Assets less current liabilities-£86k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20240.08-£17k
20230.04-£23k
20220.19+£4k
20210.23-£56k
20200.10—

Derived from filed accounts. Not audited figures.