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Local Building Solutions Ne Ltd

14953603

active
Private Limited Company
england wales
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

UNIT 28 REDBURN INDUSTRIAL ESTATE, NEWCASTLE UPON TYNE, NE5 1NB
Incorporated 22/06/2023

Compliance

Last accounts

30/06/2024

total exemption full

Next accounts due

30/06/2026

On track

Confirmation statement

Last: 21/06/2025

Due 05/07/2026

On track

Industry

41202
Construction of domestic buildings

Officers

Mr Malcolm Tait

director · Since 22/06/2023

BUILDER

BRITISH · UNITED KINGDOM · Age 54

Persons with Significant Control

Mr Malcolm Tait

75–100% shares
75–100% votes
Appoint directors

British · United Kingdom · Age 54

Unit 28 Redburn Industrial Estate, Redburn Road, Newcastle Upon Tyne, NE5 1NB

Notified 22/06/2023

CompanyRankvs 66572+ SIC 41202 peers
30

Financial strength15th percentile among SIC peers · 4/25
Employees11th percentile among SIC peers · 2/15
LiquidityCurrent ratio 0.87× · 6/20
Longevity3 years trading (max 15) · 3/15
Filing complianceAll filings up to date · 15/15
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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.

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.

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

Key FinancialsYear ending 30/06/2024

Net Worth

-£3k

Balance sheet strength

Cash

£668

Cash in the bank

Net Current Assets

-£3k

Working capital

Current Assets

£19k

Current Liabilities

£22k

Debtors

£19k

0avg. employees

Balance Sheet

Assets less current liabilities-£3k
Signed by 
 
 Approved by the board on 21 March 2025

EstimatesDerived

YearCurrent Ratio
20240.87

Derived from filed accounts. Not audited figures.