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Newco Mechanical & Electrical Ltd

15488715

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

9 RENTON AVENUE, LEEDS, LS20 8EE
Incorporated 14/02/2024

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

43220
Plumbing, heat and air-conditioning installation

Officers

Mr Ian Morgan Nettleship

director · Since 14/02/2024

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 41

Miss Olivia Whitby-Eccles

director · Since 05/06/2025

PA

BRITISH · ENGLAND · Age 29

Persons with Significant Control

Mr Ian Morgan Nettleship

25–50% shares
25–50% votes
Appoint directors

British · England · Age 41

9, Renton Avenue, Leeds, LS20 8EE

Notified 14/02/2024

Miss Olivia Whitby-Eccles

25–50% shares
25–50% votes
Appoint directors

British · England · Age 29

9, Renton Avenue, Leeds, LS20 8EE

Notified 05/06/2025

CompanyRankvs 34006+ SIC 43220 peers
29

Financial strength9th percentile among SIC peers · 2/25
Employees55th percentile among SIC peers · 8/15
LiquidityCurrent ratio 0.34× · 2/20
Longevity2 years trading (max 15) · 2/15
Filing complianceAll filings up to date · 15/15
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34006Newco Mechanical & Electrical Ltd
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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.

Employees8/15 pts

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

Liquidity2/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity2/15 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 28/02/2025

Net Worth

-£6k

Balance sheet strength

Cash

£1k

Cash in the bank

Net Current Assets

-£5k

Working capital

Current Assets

£3k

Current Liabilities

£8k

Fixed Assets

£130

Debtors

£1k

2avg. employees

Balance Sheet

Assets less current liabilities-£5k
Signed by Mr Ian Nettleship Miss Olivia Whitby-Eccles 12/10/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent Ratio
20250.34

Derived from filed accounts. Not audited figures.