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Newco Living Limited

12167306

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)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

UNIT 4 MILLVIEW BARN GRANGE ROAD, SOUTHAMPTON, SO31 8GD
Incorporated 21/08/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68100
Buying and selling of own real estate

Officers

Mr Wayne Barry Freebody

director · Since 21/08/2019

DIRECTOR

BRITISH · UNITED KINGDOM · Age 51

Also on 3 other boards

Persons with Significant Control

Mr Wayne Barry Freebody

25–50% shares
25–50% votes
Appoint directors

British · United Kingdom · Age 51

Unit 4 Millview Barn, Grange Road, Southampton, SO31 8GD

Notified 21/08/2019

Former PSCs

Mr Paul William Darvell

Ceased 03/09/2023

CompanyRankvs 151999+ SIC 68100 peers
20

Financial strength11th percentile among SIC peers · 3/25
Employees19th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0× · 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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151999Newco Living Limited
29
How is this score calculated?
Financial strength3/25 pts

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

Employees3/15 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

the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention. Going concern In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the comp

Key FinancialsYear ending 31/08/2024

Net Worth

-£23k

Balance sheet strength

Cash

£146

Cash in the bank

Net Current Assets

-£71k

Working capital

Current Assets

£146

Current Liabilities

£71k

Fixed Assets

£49k

0avg. employees

Balance Sheet

Assets less current liabilities-£23k
Signed by Mr W Freebody,Prepared with IRIS Elements Accounts Production

EstimatesDerived

YearCurrent Ratio
20240.00

Derived from filed accounts. Not audited figures.