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Neorion Bidco Limited

12699854

active
Private Limited Company
Companies House
Health Score
79 / 100

Some Concerns

25/30
Filing
20/30
Financial
34/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 3 outstanding charges (-6)

Details

41 BEDFORD SQUARE, LONDON, WC1B 3HX
Incorporated 26/06/2020

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

64209
Activities of other holding companies
82990
Other business support service activities

Officers

Mr Richard Dew

director · Since 08/12/2020

INVESTMENT PROFESSIONAL

BRITISH · UNITED KINGDOM · Age 45

Also on 6 other boards

Mr Kevin Paterson

director · Since 19/05/2023

CHIEF EXECUTIVE OFFICER

BRITISH · UNITED KINGDOM · Age 38

Also on 7 other boards

Mrs Kaylea Adam-Owen

director · Since 26/01/2024

CHIEF FINANCIAL OFFICER

BRITISH · SCOTLAND · Age 46

Also on 7 other boards

Persons with Significant Control

Neorion Topco Limited

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

41 Bedford Square, London, WC1B 3HX

Reg: 12977319 · Companies House · Limited By Shares

Notified 08/12/2020

Former PSCs

Inhoco Formations Limited

Ceased 08/12/2020

Charges3 outstanding

Charge
outstanding

CLYDESDALE BANK PLC (TRADING AS BOTH CLYDESDALE BANK AND YORKSHIRE

Created 03/03/2021Registered 09/03/2021
Charge
outstanding

CLYDESDALE BANK PLC (TRADING AS BOTH CLYDESDALE BANK AND YORKSHIRE BANK)

Created 10/12/2020Registered 21/12/2020
Charge
outstanding

CLYDESDALE BANK PLC

Created 10/12/2020Registered 18/12/2020

CompanyRankvs 4776+ SIC 64209 peers
51

Financial strength98th percentile among SIC peers · 25/25
Employees89th percentile among SIC peers · 13/15
LiquidityCurrent ratio 1.05× · 12/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -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.

Employees13/15 pts

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

Liquidity12/20 pts

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

Longevity6/15 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

Outstanding charges: -10 pts

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

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are d

Key FinancialsYear ending 31/12/2023

Turnover

£320k

Annual revenue

Net Worth

£13.4M

Balance sheet strength

Cash

£475

Cash in the bank

Profit Before Tax

£14.3M

Bottom line earnings

Net Current Assets

£834k

Working capital

Current Assets

£18.1M

Current Liabilities

£17.2M

Fixed Assets

£30.6M

Debtors

£18.1M

Gross Profit

£320k

Admin Expenses

£1.0M

Operating Profit

-£728k

Profit After Tax

£14.3M

3avg. employees

Tax at Year End

Dividends paid-£16.8M

People Costs

Wages & salaries£216k
NI contributions£31k

Balance Sheet

Bank loans & overdrafts£2.2M
Assets less current liabilities£31.5M
Prepared with Caseware UK (AP4) 2023.0.135

EstimatesDerived

YearCurrent Ratio
20231.05

Derived from filed accounts. Not audited figures.