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Modnarway Limited

12808875

active
Private Limited Company
england wales
Companies House
Health Score
55 / 100

Notable Risks

25/30
Filing
0/30
Financial
30/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 5 outstanding charges (-10)

Details

THE APARTMENT GROUP 1ST FLOOR, NEWCASTLE UPON TYNE, NE2 1DB
Incorporated 12/08/2020

Compliance

Last accounts

31/07/2024

total exemption full

Next accounts due

31/07/2026

On track

Confirmation statement

Last: 11/08/2025

Due 25/08/2026

On track

Industry

55900
Other accommodation

Officers

Mr Duncan Fisher

director · Since 12/08/2020

DIRECTOR

BRITISH · UNITED KINGDOM · Age 58

Also on 2 other boards

Persons with Significant Control

Mr Duncan Fisher

75–100% shares

British · United Kingdom · Age 58

The Apartment Group 1st Floor, Two, Jesmond Three Sixty, Newcastle Upon Tyne, NE2 1DB

Notified 12/08/2020

Charges5 outstanding

Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 06/04/2023Registered 11/04/2023
Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 31/03/2023Registered 05/04/2023
Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 31/03/2023Registered 05/04/2023
Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 31/03/2023Registered 05/04/2023
Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 11/12/2020Registered 21/12/2020

CompanyRankvs 8790+ SIC 55900 peers
25

Financial strength1th percentile among SIC peers · 0/25
Employees56th percentile among SIC peers · 8/15
LiquidityCurrent ratio 0.62× · 6/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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8790Modnarway Limited
30
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.

Employees8/15 pts

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

Liquidity6/20 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/07/2024

Net Worth

-£609k

Balance sheet strength

Cash

£109k

Cash in the bank

Net Current Assets

-£1.7M

Working capital

Current Assets

£2.7M

Current Liabilities

£4.4M

Fixed Assets

£5.8M

Debtors

£2.6M

1avg. employees

Balance Sheet

Assets less current liabilities£4.1M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20240.62-£264k
20230.89-£250k
20221.95-£45k
20212.68—

Derived from filed accounts. Not audited figures.