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NORTHERN TRANSPORT FINANCE LIMITED
LLOYDS COURT, 78 GREY STREET, NEWCASTLE UPON TYNE, NE1 6AFCompany Number: 02311977
Incorporation date: 02-Nov-1988
Status: Active
Entity type: Private Limited Company
SIC codes:
64921 Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors
SUMMARY
This company is 35.4 years old and is currently active. It is controlled by Northern Electric Plc. The company has negative equity (net assets) of GBP -9.6 million which has worsened since the previous year's figure of GBP -9.4 million. The latest reported revenue figure is GBP 1 million which is similar to the previous year's figure of GBP 1.1 million. The company is both loss making and has negative equity, it is therefore likely to go bankrupt unless it can raise funding or business has improved since the last accounts were filed. Retained earnings is negative (GBP -2.6 million), which means the company has aggregate losses since it's inception or it has paid more dividends than it can afford; given the company's age, this is a sign of serious financial problems. The company has 3 active officers (directors or partners) who are or were officers of 29 other companies. The company has no public disputes filed on the Business Disputes Register. There are no court cases involving the company that we are aware of.FINANCIALS (BETA)
Next accounts due: 30-Sep-2024Accounts Filed: FULL (31-Dec-2022)
P&L Financials:
Year end | Currency | Revenue | Operating profit | Interest Received | Interest Paid | Tax | Net Profit GBP |
---|---|---|---|---|---|---|---|
31-Dec-2019 | GBP | 1,046,000 | 282,000 | 17,000 | 24,000 | 4,000 | 229,000 |
31-Dec-2018 | GBP | 1,056,000 | 505,000 | 17,000 | 24,000 | 95,000 | 403,000 |
31-Dec-2017 | GBP | 1,087,000 | 242,000 | 4,000 | 47,000 | 181,000 |
Balance Sheet Financials:
Year end | Currency | Cash | Current Assets | Current Liabilities | Debt | Share Capital | Premium Reserve | Retained Earnings | Net Assets |
---|---|---|---|---|---|---|---|---|---|
31-Dec-2019 | GBP | 725,000 | 5,271,000 | 852,000 | -7,000,000 | -2,603,000 | -9,603,000 | ||
31-Dec-2018 | GBP | 1,134,000 | 6,810,000 | 1,252,000 | -7,000,000 | -2,374,000 | -9,374,000 | ||
31-Dec-2017 | GBP | 1,964,000 | 6,893,000 | 3,159,000 | 7,000,000 | 1,971,000 | 8,971,000 |
VALUATION EVENTS (BETA)
Year end | Currency | % Equity | Sum raised | Pre-Money Valuation* | Post-Money Valuation* | Enterprise Value** |
---|---|---|---|---|---|---|
31-Dec-2018 | GBP | 200.00% | -14,000,000 | 7,000,000 | -7,000,000 | 30,500 |
** Estimated based on average Cash and Debt levels during period
DISPUTES
No disputes filed on www.disputesregister.orgCOMPANY SECRETARY
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All apointments (active/resigned) |
---|---|---|---|---|---|---|
Active | Jennifer Catherine RILEY | 20 Jan 2017 | 29 Mar 2024 | 1 - 0 | ||
Resigned | John ELLIOTT | 06 Apr 2001 | 20 Jan 2017 | British | 1 - 107 | |
Resigned | Gail Valerie GILES | 28 Nov 1991 | 06 Apr 2001 | Chartered Secretary | British | 0 - 49 |
Resigned | Gail Valerie GILES | 06 Apr 2001 | 0 - 49 |
DIRECTORS
Status | Name | Appointed on | Resigned on | Occupation | Nationality | All appointments (active/resigned) |
Dissolved companies (rate) |
---|---|---|---|---|---|---|---|
Active | Alexander Patrick JONES | 11 Nov 2022 | Accountant | British | 19 - 0 | 0 (0.0%) | |
Active | Thomas Hugh FRANCE | 31 Jan 2017 | Lawyer | British | 19 - 3 | 0 (0.0%) | |
Resigned | Stephen John LOCKWOOD | 01 Apr 2014 | 11 Nov 2022 | Accountant | British | 3 - 7 | 1 (10.0%) |
Active | Philip Antony, Dr JONES | 16 Oct 2009 | President & Chief Executive Officer | British | 20 - 8 | 1 (3.6%) | |
Resigned | Thomas Edward FIELDEN | 16 Oct 2009 | 15 Feb 2021 | Chartered Accountant | British | 4 - 24 | 1 (3.6%) |
Resigned | Paul AINSLEY | 14 Sep 1999 | 31 Mar 2014 | Accountant | British | 0 - 30 | 10 (33.3%) |
Resigned | Phillip Eric CONNOR | 15 Jun 1999 | 16 Oct 2009 | Engineer | English | 0 - 45 | 13 (28.9%) |
Resigned | Kenneth LINGE | 31 Mar 1997 | 16 Oct 2009 | Accountant | British | 0 - 43 | 12 (27.9%) |
Resigned | Gregory Edward ABEL | 28 Jan 1997 | 16 Oct 2009 | Chartered Accountant | Canadian | 0 - 31 | 7 (22.6%) |
Resigned | Ronald DIXON | 29 Jul 1996 | 31 Jul 1997 | Electrical Engineer | British | 0 - 32 | 6 (18.8%) |
Resigned | John Frederick EDWARDS | 11 Aug 1995 | 31 Mar 1997 | Finance Director | British | 0 - 90 | 37 (41.1%) |
Resigned | Antony HADFIELD | 23 Nov 1994 | 28 Jan 1997 | Chief Executive | British | 0 - 23 | 4 (17.4%) |
Resigned | Paul Spencer WOOD | 23 Nov 1994 | 25 Sep 2003 | Transport Manager | British | 0 - 9 | 2 (22.2%) |
Resigned | George William Hunter HOOK | 09 Mar 1994 | 28 Jun 1996 | Electrical Engineer | British | 0 - 8 | 1 (12.5%) |
Resigned | Richard Charles TAYLOR | 09 Mar 1994 | 14 Sep 1999 | Financial Controller | British | 0 - 17 | 4 (23.5%) |
Resigned | Ronald DIXON | 28 Nov 1991 | 09 Mar 1994 | Electrical Engineer | British | 0 - 32 | 6 (18.8%) |
Resigned | Alan GROVES | 01 May 1991 | 11 Aug 1995 | Accountant | British | 0 - 29 | 2 (6.9%) |
Resigned | Ronald DIXON | 09 Mar 1994 | Electrical Engineer | British | 0 - 32 | 6 (18.8%) | |
Resigned | Alan GROVES | 11 Aug 1995 | Accountant | British | 0 - 29 | 2 (6.9%) |
Average tenure of active directors: 7.7 years
Average tenure of resigned directors: 6.1 years
Average active director Dissolution Rate: 1.2%
DIRECTOR APPOINTMENTS IN OTHER COMPANIES
SHAREHOLDERS (BETA)
Shareholder name | Share class | Shares at confirmation date | ||||
---|---|---|---|---|---|---|
2016-06-29 | 2015-07-09 | 2014-07-09 | 2013-07-09 | 2012-07-09 | ||
NORTHERN ELECTRIC PLC | ORDINARY | 7,000,000 100% | 7,000,000 100% | 7,000,000 100% | 7,000,000 100% | 7,000,000 100% |
SHAREHOLDINGS (BETA)
no shareholding data
CONTROLLED COMPANIES / CONTROLLING ENTITIES
Controlling entities above
NORTHERN TRANSPORT FINANCE LIMITED
no controlled companies
LATE PAYMENTS REPORT
This company has not filed any late payment reports possibly because it is not considered \'Large\'.
COURT CASES
No Court Cases found
PATENTS
No Patents found
COMPETITORS
(Based on Sic code:
64921 Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors)
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68209-Other letting and operating of own or leased real estate 70210-Public relations and communications activities 70229-Management consultancy activities other than financial management |
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LIQUIDATION RISK (BETA)
This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:
Basis | Liquidation within 3 months | Liquidation within 6 months | Liquidation within 12 months | Prediction confidence |
---|---|---|---|---|
NORTHERN TRANSPORT FINANCE LIMITED | 0.7% | 3.6% | 7.1% | Medium |
Other companies Active in the same sector | 0.5% | 3.3% | 9.3% | Medium |
Age | 0.3% | 1.3% | 2.4% | Medium |
Company Type | 0.7% | 3.7% | 7.4% | Medium |
Accounts category | 0.7% | 2.2% | 3.8% | Medium |
Accounting Month | 0.6% | 2.4% | 5.5% | Medium |
Sic code count | 0.7% | 3.5% | 7.0% | Medium |