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Drainline Ne Ltd

13380089

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

29 EXETER STREET, GATESHEAD, NE8 4EY
Incorporated 06/05/2021

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

37000
Sewerage

Officers

Mr Aaron Simons

director · Since 06/05/2021

PROJECT MANAGER

BRITISH · UNITED KINGDOM · Age 32

Also on 5 other boards

Mrs Bella Lebrecht

director · Since 01/01/2022

TEACHER

BRITISH · UNITED KINGDOM · Age 32

Also on 1 other board

Persons with Significant Control

Mr Aaron Simons

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

British · United Kingdom · Age 32

29, Exeter Street, Gateshead, NE8 4EY

Notified 06/05/2021

Mrs Bella Lebrecht

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

British · United Kingdom · Age 32

29, Exeter Street, Gateshead, NE8 4EY

Notified 06/05/2021

CompanyRankvs 920+ SIC 37000 peers
29

Financial strength7th percentile among SIC peers · 2/25
Employees31th percentile among SIC peers · 5/15
LiquidityCurrent ratio 0.2× · 2/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
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920Drainline Ne Ltd
29
How is this score calculated?
Financial strength2/25 pts

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

Employees5/15 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.

Longevity5/15 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 31/05/2024

Net Worth

-£10k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£37k

Working capital

Current Assets

£9k

Current Liabilities

£46k

Fixed Assets

£28k

1avg. employees

Balance Sheet

Assets less current liabilities-£10k
Prepared with Sage Accounts Production Advanced 2023 - FRS102_2023

EstimatesDerived

YearCurrent RatioImplied Profit
20240.20-£3k
20230.13—

Derived from filed accounts. Not audited figures.