Principle Properties North East Limited
14510226
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- 3 outstanding charges (-6)
Details
Compliance
Last accounts
30/11/2024
micro entity
Next accounts due
31/08/2026
Confirmation statement
Last: 22/01/2026
Due 05/02/2027
Industry
Officers
director · Since 28/11/2022
DIRECTOR
CHINESE · UNITED KINGDOM · Age 39
Also on 2 other boards
Persons with Significant Control
Mrs Qiao Xie
Chinese · United Kingdom · Age 39
1, Beatty Avenue, Newcastle Upon Tyne, NE2 3QN
Notified 28/11/2022
Mr Harry Joseph Keeton
British · United Kingdom · Age 31
37, Queensway, North Shields, NE30 4NB
Notified 28/11/2022
Charges3 outstanding
MONMOUTHSHIRE BUILDING SOCIETY
THE MORTGAGE WORKS (UK) PLC
THE MORTGAGE WORKS (UK) PLC
Change History
Active
Private Limited Company
37 QUEENSWAY
NORTH SHIELDS
CompanyRankvs 143919+ SIC 68209 peers37
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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 30/11/2025
Net Worth
-£5k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
£11k
Working capital
Current Assets
£11k
Current Liabilities
£4k
Fixed Assets
£419k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 2.67 | +£626 |
| 2024 | 2.72 | -£1k |
| 2023 | 2.37 | — |
Derived from filed accounts. Not audited figures.