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Bishopsgate Newco Ltd

15087826

active
Private Limited Company
Companies House
Health Score
90 / 100

Healthy

30/30
Filing
20/30
Financial
40/40
Risk
  • Going concern doubt noted in accounts (-10)

Details

3RD FLOOR, ALTRINCHAM, WA14 2DT
Incorporated 22/08/2023

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

49420
Removal services

Officers

Mr Timothy Bloch

director · Since 27/11/2023

DIRECTOR

BRITISH · UNITED KINGDOM · Age 62

Also on 11 other boards

Oakwood Corporate Secretary Limited

secretary · Since 15/02/2024

BRITISH

Also on 2749 other boards

Magnus Nilsson

director · Since 15/02/2024

PRESIDENT & CEO

SWEDISH · SWEDEN · Age 59

Also on 2 other boards

Persons with Significant Control

Bishopsgate Holdco Ltd

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

3rd Floor, 1 Ashley Road, Altrincham, WA14 2DT

Reg: 15087903 · England And Wales Company Registry · Limited Company

Notified 06/02/2024

Former PSCs

Ward Thomas Removals Limited

Ceased 25/01/2024

CompanyRankvs 507+ SIC 49420 peers
64

Financial strength100th percentile among SIC peers · 25/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.86× · 16/20
Longevity3 years trading (max 15) · 3/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength25/25 pts

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

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity16/20 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

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

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co

Key FinancialsYear ending 31/12/2024

Turnover

£29.0M

Annual revenue

Net Worth

£7.8M

Balance sheet strength

Cash

£3.4M

Cash in the bank

Profit Before Tax

£7.7M

Bottom line earnings

Net Current Assets

£4.1M

Working capital

Current Assets

£8.8M

Current Liabilities

£4.7M

Fixed Assets

£5.7M

Debtors

£5.4M

Cost of Sales

£15.3M

Gross Profit

£13.7M

Admin Expenses

£9.7M

Operating Profit

£4.0M

Profit After Tax

£6.6M

252avg. employees

Tax at Year End

Corp tax£1.0M

People Costs

Wages & salaries£10.7M
NI contributions£1.0M

Balance Sheet

Assets less current liabilities£9.7M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20241.86

Derived from filed accounts. Not audited figures.