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Palladian (North East) Limited

15334883

active
Private Limited Company
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 08/12/2023

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

82990
Other business support service activities

Officers

Mr Philip Sydney Coates

secretary · Since 08/12/2023

Mr Simon Gibbons

director · Since 08/12/2023

DIRECTOR

BRITISH · UNITED KINGDOM · Age 55

Also on 1 other board

Mr Michael Francis Hogan

director · Since 08/12/2023

DIRECTOR

BRITISH · UNITED KINGDOM · Age 81

Mr Alexander John Turnbull

director · Since 02/10/2024

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 70

Also on 13 other boards

Mr Michael Christopher Hogan

director · Since 06/11/2024

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 52

Also on 10 other boards

Persons with Significant Control

Vb Turnbull Limited

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

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

Reg: 07695623 · Companies House · Private Company Limited By Shares

Notified 08/12/2023

Charges1 outstanding

Charge
outstanding

VB TURNBULL LIMITED

Created 15/02/2024Registered 21/02/2024

CompanyRankvs 168396+ SIC 82990 peers
8

Financial strength8th percentile among SIC peers · 2/25
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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168396Palladian (North East) Limited
23
How is this score calculated?
Financial strength2/25 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

irements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. 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

-£17k

Balance sheet strength

Cash

£4k

Cash in the bank

Net Current Assets

-£17k

Working capital

Current Assets

£1.4M

Current Liabilities

£1.5M

Debtors

£14k

0avg. employees

Balance Sheet

Assets less current liabilities-£17k
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent Ratio
20240.99

Derived from filed accounts. Not audited figures.