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Network Plus Group Ltd

12124738

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)

Details

NETWORK PLUS GROUP LTD CHADDOCK LANE, MANCHESTER, M28 1XW
Incorporated 26/07/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

64209
Activities of other holding companies

Officers

Mr Kevin Alexander Fowlie

director · Since 02/11/2023

CHIEF EXECUTIVE OFFICER

BRITISH · ENGLAND · Age 46

Also on 19 other boards

Mr Michael Porter

director · Since 02/11/2023

CHIEF FINANCIAL OFFICER

BRITISH · ENGLAND · Age 58

Also on 19 other boards

Mr James Martin Maitland

director · Since 04/11/2024

CHIEF COMMERCIAL OFFICER

BRITISH · ENGLAND · Age 42

Also on 19 other boards

Persons with Significant Control

Nyetimber Bidco Limited

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

Nyetimber Bidco Limited, Chaddock Lane, Manchester, M28 1XW

Reg: 14191736 · England & Wales · Private Company Limited By Shares

Notified 27/09/2022

Former PSCs

Mr Stuart Alan Fraser

Ceased 27/09/2022

Mr Daniel Lawrence Holland

Ceased 27/09/2022

Charges0 outstanding

Charge
satisfied

GLAS TRUST CORPORATION LIMITED AS SECURITY TRUSTEE FOR THE SECURED PARTIES

Created 31/10/2020Registered 12/11/2020Satisfied 26/10/2022
Charge
satisfied

GLAS TRUST CORPORATION LIMITED AS SECURITY TRUSTEE FOR THE SECURED PARTIES

Created 30/08/2019Registered 06/09/2019Satisfied 26/10/2022

CompanyRankvs 36548+ SIC 64209 peers
39

Financial strength0th percentile among SIC peers · 0/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.26× · 2/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
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36548Network Plus Group Ltd
38
How is this score calculated?
Financial strength0/25 pts

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

Employees15/15 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.

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

Key FinancialsYear ending 30/03/2024

Net Worth

-£16.4M

Balance sheet strength

Cash

£398k

Cash in the bank

Net Current Assets

-£83.2M

Working capital

Current Assets

£29.4M

Current Liabilities

£112.6M

Debtors

£29.0M

17avg. employees+2

Tax at Year End(2022)

Dividends paid£9.3M

People Costs(2020)

Wages & salaries£22.8M
NI contributions£2.6M

Balance Sheet

Assets less current liabilities£20.1M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.26-£9.6M
20230.26-£8.1M
20221.71-£9.6M
20214.16-£33.8M
20206.12—

Derived from filed accounts. Not audited figures.