EASY NEWCO LIMITED

JEYES HOUSE, BRUNEL WAY, THETFORD, NORFOLK, IP24 1HF

Company Number: 10650704
Incorporation date: 03-Mar-2017
Status: Active
Entity type: Private Limited Company

SIC codes:
20411 Manufacture of soap and detergents





SUMMARY

This company is 7.1 years old and is currently active. It is controlled by David James Pearce. No P&L financials are available but there is Balance Sheet data. The company has negative equity (net assets) of GBP -534.6 thousand which has worsened since the previous year's figure of GBP -241.5 thousand. Although the P&L is not published, we can infer from the Balance Sheet that net profit (less dividends) was GBP -293.1 thousand in the last reported period. 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 -534.6 thousand), 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 2 active officers (directors or partners) who are or were officers of 9 other companies, 4 (44.4%) of which have since been dissolved or are proposed for strike off. 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: 31-Dec-2024
Accounts Filed: GROUP (31-Mar-2023)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Mar-2022 GBP -294,038
31-Mar-2021 GBP 96,240 623,760
31-Mar-2020 GBP 142,688 -169,688
03-Mar-2020 GBP 47,165,931 1,155,952 534,236 359,962
31-Mar-2019 GBP 48,474,890 1,097,135 304,720 377,227
31-Mar-2018 GBP 46,312,715 -109,398 11,855 177,336


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Mar-2023 GBP 574,614 379,834 1 -534,645 -534,644
31-Mar-2022 GBP 1 836,553 172,384 1 -241,536 -241,535
31-Mar-2021 GBP 1 622,542 270,964 1 52,502 52,503
31-Mar-2020 GBP 1 398,183 570,948 1 -371,257
03-Mar-2020 GBP 4 748,282 28,082 -371,258 -374,257
31-Mar-2019 GBP 1 98,062 1 -201,570 -201,569
31-Mar-2018 GBP 1 73,292 810,000 1 -87,000 -86,999


CONSOLIDATED FINANCIALS

P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Mar-2023 GBP 858,274
31-Mar-2022 GBP 43,553,480 459,897 776,080 -316,183
31-Mar-2021 GBP 48,515,055 2,026,948 670,359 1,356,589
No P&L data available


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Mar-2023 GBP -8,489,823 12,566,242 9,739,950 1 2,595,388 2,595,389
31-Mar-2022 GBP -9,809,240 9,991,644 10,408,330 1 990,491 990,492
31-Mar-2021 GBP -7,743,493 5,779,852 8,513,219 1 1,618,899 1,618,900
31-Mar-2020 GBP -10,068,374 1 462,310 462,311

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
31-Mar-2020 GBP 100.00% 1 0 1 -2
03-Mar-2020 GBP inf% -1 1 0 -2
* Average valuation during the period
** Estimated based on average Cash and Debt levels during period

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY


Status Name Appointed on Resigned on Occupation Nationality All apointments
(active/resigned)
No information on secretary appointments

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Darren James MOSLEY 14 Aug 2017 Chief Executive Officer British 2 - 85 (50.0%)
Active David James PEARCE 03 Mar 2017 Director British 1 - 00 (0.0%)
Number of active directors: 2
Average tenure of active directors: 6.9 years
Average tenure of resigned directors: no resignations yet
Average active director Dissolution Rate: 25.0%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
EASY CLEANING SOLUTIONS LIMITED (00487516) - Active
JENA (UK) LIMITED (01097456) - Active
RIDLEY QUINEY LIMITED (01100207) - Dissolved
REFLECTIONS (MARKETING) LIMITED (02386453) - Dissolved
RQ (HOLDINGS) LIMITED (03133487) - Dissolved
EURO PACKAGING UK LIMITED (07012425) - Active
RIDLEY QUINEY LIMITED (07631315) - Active
MOSLEY CONSULTANCY LTD (08463627) - Dissolved
EASY NEWCO LIMITED (10650704) - Active
NATIONAL PACKAGING COUNCIL LTD (SC196181) - Dissolved

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2019-03-022018-03-02
DAVID JAMES PEARCEA ORDINARY500
50%
0
0%
IVAN BERKESB ORDINARY250
25%
0
0%
DARREN JAMES MOSLEYC ORDINARY250
25%
0
0%
DAVID JAMES PEARCEORDINARY0
0%
1,000
100%

SHAREHOLDINGS (BETA)

Company name Share class Shares at confimation date
2017-05-15
EASY NEWCO LIMITEDORDINARY26,269,007
100%

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

EASY NEWCO 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: 20411 Manufacture of soap and detergents)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
ROBERT MCBRIDE LTD MIDDLETON WAY, MIDDLETON, MANCHESTER, M24 4DP 00220175 2018-06-30 220,851,000 14,792,000 20412-Manufacture of cleaning and polishing preparations
20420-Manufacture of perfumes and toilet preparations
PROCTER & GAMBLE PRODUCT SUPPLY (U.K.) LIMITED THE HEIGHTS,, BROOKLANDS, WEYBRIDGE, SURREY, KT13 0XP 03074536 2018-06-30 168,021,000 15,915,000
ECOLAB LIMITED ECOLAB LIMITED, WINNINGTON AVENUE, NORTHWICH, CHESHIRE, UNITED KINGDOM, CW8 4DX 00649192 2017-11-30 153,392,000 5,517,000
DIVERSEY LIMITED DIVERSEY LIMITED PYRAMID CLOSE, WESTON FAVELL, NORTHAMPTON, UNITED KINGDOM, NN3 8PD 03459907 2017-12-31 96,285,000 28,745,000
STEPAN UK LIMITED BRIDGE HOUSE, BRIDGE STREET, STALYBRIDGE, CHESHIRE, SK15 1PH 03264997 2017-12-31 78,411,000 2,449,000 20590-Manufacture of other chemical products not elsewhere classified
DEB LIMITED DENBY HALL WAY, DENBY, RIPLEY, DERBYSHIRE, DE5 8JZ 00364651 2018-06-29 53,112,000 7,499,000
NCH (UK) LIMITED ARROWMERE HOUSE SPRINGVALE AVENUE, WEST MIDLANDS, BILSTON, ENGLAND, WV14 0QL 00816221 2018-04-30 46,074,000 27,876,000 20590-Manufacture of other chemical products not elsewhere classified
HOLCHEM LABORATORIES LIMITED GATEWAY HOUSE PILSWORTH ROAD, PILSWORTH INDUSTRIAL ESTATE, BURY, LANCASHIRE, BL9 8RD 01686721 2017-12-31 39,054,000 3,988,000
CLOVER CHEMICALS LIMITED CLOVER HOUSE, MACCLESFIELD ROAD,, WHALEY BRIDGE, HIGH PEAK, DERBYSHIRE, SK23 7DQ 02476263 2018-04-30 8,170,469 0 20420-Manufacture of perfumes and toilet preparations
20590-Manufacture of other chemical products not elsewhere classified
UNIVERSAL TOILETRIES CORPORATION LIMITED UNIT 7 BERMER PLACE, IMPERIAL WAY, WATFORD, UNITED KINGDOM, WD24 4AY 03866950 2017-12-31 2,735,149 0 20420-Manufacture of perfumes and toilet preparations
46190-Agents involved in the sale of a variety of goods
46450-Wholesale of perfume and cosmetics
PURDIE'S OF ARGYLL LTD 6B MAIN STREET WEST, INVERARAY, SCOTLAND, PA32 8TU SC556065 2019-01-31 251,096 0 20420-Manufacture of perfumes and toilet preparations
47750-Retail sale of cosmetic and toilet articles in specialised stores
MBIKUDI LTD 272 BATH STREET, GLASGOW, SCOTLAND, G2 4JR SC530946 2018-03-31 66,691 0 20420-Manufacture of perfumes and toilet preparations
32120-Manufacture of jewellery and related articles
85520-Cultural education
WILD PLANET PRODUCTS LTD 1 TURVINS FARM DAIRY SUNDRIDGE ROAD, DUNTON GREEN, SEVENOAKS, KENT, ENGLAND, TN14 6HB 07295302 2018-06-30 58,546 0
GOLDEN SOAPS LTD BARNFIELD FARM, PLESHEY, ESSEX, CM3 1HU 06023835 2018-12-31 3,302 0
SAINT MAREN LIMITED 46 HILLHEAD ROAD, DUNDONALD, DOWN, BT16 1XD NI622110 2018-01-31 2,790 0 20420-Manufacture of perfumes and toilet preparations
46450-Wholesale of perfume and cosmetics
47890-Retail sale via stalls and markets of other goods
THE SOAP SOUK LTD 41 QUINTON ROAD, COVENTRY, UNITED KINGDOM, CV3 5FE 10930079 2018-08-31 161 0 20420-Manufacture of perfumes and toilet preparations
VIENNE LUCA LIMITED 31 PORTLAND ROAD, MILCOMBE, BANBURY, OXFORDSHIRE, UNITED KINGDOM, OX15 4RL 10458907 2018-11-30 149 0
DALTON LUXURY LTD 2 STOCK CLOSE, NORTON, UNITED KINGDOM, YO17 8BE 10736900 2019-04-30 41 0 81222-Specialised cleaning services
BUBBLE SHACK LTD 89 WAKEFORD ROAD, BIRMINGHAM, UNITED KINGDOM, B31 3LN 10667000 2019-03-31 0 0
EMOLLIENCE LTD 4 BRAEMORE ROAD, STEWARTON, KILMARNOCK, UNITED KINGDOM, KA3 3HB SC576570 2018-09-30 0 0
EVERFOLK LIMITED 150 KINGSHILL ROAD, SWINDON, ENGLAND, SN1 4LN 10749645 2018-05-31 0 0 47910-Retail sale via mail order houses or via Internet
CHRISTEYNS UK LTD RUTLAND STREET, EAST BOWLING, BRADFORD, WEST YORKSHIRE, BD4 7EA 00847863 0000-00-00 0 0
DIVERSEY HOLDINGS LIMITED WESTON FAVELL CENTRE, NORTHAMPTON, NORTHAMPTONSHIRE, NN3 8PD 04313193 0000-00-00 0 0
THE HOLCHEM GROUP LIMITED GATEWAY HOUSE PILSWORTH ROAD, PILSWORTH INDUSTRIAL ESTATE, BURY, LANCASHIRE, BL9 8RD 05776448 0000-00-00 0 0

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
EASY NEWCO LIMITED 0.7% 3.6% 7.1% Medium
Other companies Active in the same sector Too few competitors
Age 0.6% 2.5% 4.9% Medium
Company Type 0.7% 3.7% 7.4% Medium
Accounts category 0.6% 1.5% 2.5% Medium
Accounting Month 0.5% 1.8% 3.9% Medium
Sic code count 0.7% 3.5% 7.0% Medium
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