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Principle Properties North East Limited

14510226

active
Private Limited Company
Companies House
Health Score
69 / 100

Some Concerns

25/30
Filing
10/30
Financial
34/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • 3 outstanding charges (-6)

Details

37 QUEENSWAY, NORTH SHIELDS, NE30 4NB
Incorporated 28/11/2022

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68209
Other letting and operating of own or leased real estate

Officers

Mr Harry Joseph Keeton

director · Since 28/11/2022

DIRECTOR

BRITISH · UNITED KINGDOM · Age 31

Mrs Qiao Xie

director · Since 28/11/2022

DIRECTOR

CHINESE · UNITED KINGDOM · Age 39

Also on 2 other boards

Persons with Significant Control

Mrs Qiao Xie

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

Chinese · United Kingdom · Age 39

1, Beatty Avenue, Newcastle Upon Tyne, NE2 3QN

Notified 28/11/2022

Mr Harry Joseph Keeton

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

British · United Kingdom · Age 31

37, Queensway, North Shields, NE30 4NB

Notified 28/11/2022

Charges3 outstanding

Charge
outstanding

MONMOUTHSHIRE BUILDING SOCIETY

Created 18/02/2025Registered 10/03/2025
Charge
outstanding

THE MORTGAGE WORKS (UK) PLC

Created 16/06/2023Registered 21/06/2023
Charge
outstanding

THE MORTGAGE WORKS (UK) PLC

Created 13/04/2023Registered 20/04/2023

CompanyRankvs 146374+ SIC 68209 peers
36

Financial strength17th percentile among SIC peers · 4/25
Employees18th percentile among SIC peers · 3/15
LiquidityCurrent ratio 2.72× · 20/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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146374Principle Properties North East Limited
45
How is this score calculated?
Financial strength4/25 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.

Liquidity20/20 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 30/11/2024

Net Worth

-£5k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£5k

Working capital

Current Assets

£4k

Current Liabilities

£2k

Fixed Assets

£266k

0avg. employees

Balance Sheet

Assets less current liabilities£271k
Prepared with v2025.56.1 micro_entity_frs_105_v1_1_2 filing

EstimatesDerived

YearCurrent RatioImplied Profit
20242.72-£1k
20232.37—

Derived from filed accounts. Not audited figures.