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1newco Ltd

15526916

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Going concern doubt noted in accounts (-10)

Details

ACRE ACCOUNTANCY LIMITED, HEREFORD, HR1 2SF
Incorporated 27/02/2024

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

64301
Activities of investment trusts

Officers

Mr Kevin Thomas Mann

director · Since 27/02/2024

DIRECTOR

BRITISH,IRISH · UNITED KINGDOM · Age 59

Also on 15 other boards

Persons with Significant Control

Mr Kevin Thomas Mann

50–75% shares
50–75% votes
Appoint directors

British,Irish · United Kingdom · Age 59

Acre Accountancy Limited, Foley Trading Estate, Hereford, HR1 2SF

Notified 27/02/2024

CompanyRankvs 696+ SIC 64301 peers
35

Financial strength53th percentile among SIC peers · 13/25
Employees100th percentile among SIC peers · 15/15
LiquidityNo balance sheet data · 0/20
Longevity2 years trading (max 15) · 2/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength13/25 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.

Liquidity0/20 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.

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

any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent 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 director with respect to going con

Key FinancialsYear ending 31/03/2025

Net Worth

£1k

Balance sheet strength

Cash

£1.2M

Cash in the bank

Net Current Assets

£1.2M

Working capital

Current Assets

—

Current Liabilities

£12k

Fixed Assets

£10.7M

Profit After Tax

£2.3M

114avg. employees

Tax at Year End

Corp tax£429
Dividends paid£500k

Balance Sheet

Assets less current liabilities£11.9M
Prepared with IRIS Accounts Production