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Ngl (South Charlton) Ltd

14555543

active
Private Limited Company
england wales
Companies House
Health Score
68 / 100

Some Concerns

30/30
Filing
0/30
Financial
38/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

DERE STREET HOUSE BOWBURN NORTH INDUSTRIAL ESTATE, DURHAM, DH6 5PF
Incorporated 23/12/2022

Compliance

Last accounts

31/12/2024

small

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 23/11/2025

Due 07/12/2026

On track

Industry

41100
Development of building projects

Officers

Mr Michael Francis Hogan

director · Since 25/10/2023

DIRECTOR

BRITISH · ENGLAND · Age 81

Also on 6 other boards

Mr Alexander John Turnbull

director · Since 03/10/2024

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 70

Also on 13 other boards

Persons with Significant Control

Vb Turnbull Limited

75–100% shares
75–100% votes

Dere Street House Bowburn North Industrial Estate, Bowburn, Durham, DH6 5PF

Reg: 07695623 · Companies House · Private Limited Company

Notified 31/10/2023

Former PSCs

Northumberland Group Ltd

Ceased 31/10/2023

Charges1 outstanding

Charge
outstanding

VB TURNBULL LIMITED

Created 31/10/2023Registered 02/11/2023

CompanyRankvs 82725+ SIC 41100 peers
9

Financial strength12th percentile among SIC peers · 3/25
Employees15th percentile among SIC peers · 2/15
LiquidityCurrent ratio 0.99× · 6/20
Longevity3 years trading (max 15) · 3/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength3/25 pts

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

Employees2/15 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.

Longevity3/15 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

Going concern doubt: -10 pts

Outstanding charges: -10 pts

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

Going Concern Doubt

xercise judgement in applying the Company 's accounting policies . The company's functional and presentational currency is Sterling. The following principal accounting policies have been applied: 2.2 Going concern The company has net current liabilities due to amounts owed to group companies and other related parties, which will not require repayment if this would jeopardise the company's ability

Key FinancialsYear ending 31/12/2024

Net Worth

-£19k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

-£19k

Working capital

Current Assets

£2.6M

Current Liabilities

£2.6M

Debtors

£30k

0avg. employees

Balance Sheet

Assets less current liabilities-£19k
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
20240.99-£13k
20230.99

Derived from filed accounts. Not audited figures.