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New Way Living Ltd

14195630

active
Private Limited Company
Companies House
Health Score
76 / 100

Some Concerns

30/30
Filing
10/30
Financial
36/40
Risk
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

19 KENNARD WAY, ASHFORD, TN24 8DQ
Incorporated 25/06/2022

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68100
Buying and selling of own real estate
68209
Other letting and operating of own or leased real estate

Officers

Mr Asif Iqbal Hussain

director · Since 25/06/2022

FINANCIAL ADVISER

BRITISH · ENGLAND · Age 41

Also on 1 other board

Mr Arif Shabbir

director · Since 25/06/2022

ENGINEER

BRITISH · ENGLAND · Age 42

Also on 1 other board

Persons with Significant Control

Mr Arif Shabbir

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

British · England · Age 42

19, Kennard Way, Ashford, TN24 8DQ

Notified 25/06/2022

Mr Asif Iqbal Hussain

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

British · England · Age 41

19, Kennard Way, Ashford, TN24 8DQ

Notified 25/06/2022

Charges2 outstanding

Charge
outstanding

TOGETHER COMMERCIAL FINANCE LIMITED

Created 27/09/2024Registered 03/10/2024
Charge
outstanding

THE MORTGAGE WORKS (UK) PLC

Created 20/12/2022Registered 21/12/2022

CompanyRankvs 75243+ SIC 68100 peers
37

Financial strength57th percentile among SIC peers · 14/25
Employees81th percentile among SIC peers · 12/15
LiquidityCurrent ratio 0.06× · 2/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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75243New Way Living Ltd
46
How is this score calculated?
Financial strength14/25 pts

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

Employees12/15 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.

Longevity4/15 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 30/06/2025

Net Worth

£2k

Balance sheet strength

Cash

£8k

Cash in the bank

Net Current Assets

-£162k

Working capital

Current Assets

£10k

Current Liabilities

£173k

Fixed Assets

£440k

Debtors

£2k

2avg. employees

Balance Sheet

Assets less current liabilities£278k
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20250.06-£866
20240.21—
20230.16—

Derived from filed accounts. Not audited figures.