Company Overview
Network Distributing Limited is listed at the official companies registry as in Liquidation Private Limited Company. The company was incorporated on Thursday 31 January 1980, so this is a well established company. Network Distributing Limited has been in business for 44 years and 3 months. The accounts status is total exemption full and the accounts are next due on Sunday 31 December 2023.
Registered Address

31St Floor, 40 Bank Street, London, E14 5NR
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Companies House Data
Company NameNETWORK DISTRIBUTING LIMITED
Company Number01476436
Registered Office Address31ST FLOOR
 40 BANK STREET
 E14 5NR
Company CategoryPrivate Limited Company
Company StatusLiquidation
Country of OriginUnited Kingdom
Incorporation Date31/01/1980
Accounting Reference Date Day31
Accounting Reference Date Month3
Accounts Next Due Date31/12/2023
Accounts Last Made Up Date31/03/2022
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date29/06/2017
Returns Last Made Up Date01/06/2016
Previous Company NameChanged Date
SOUND AND MEDIA LIMITED13 Aug 2008
Directors & Members
Show Resigned
Jonathan Lack - Director
(British, 50 years old, born June 1974)
Director - Appointed 23 March 2022
 Active
Juan Veloza Vargas - Director
(British,Colombian, 49 years old, born May 1975)
Director - Appointed 25 January 2023
 Active
Secretaries
Show Resigned
Other Company Directorships
Jonathan Lack
ADAM STREET ADVISERS CORPORATE FINANCE LLP
HAMMER FILM HOLDINGS LIMITED
HAMMER FILM HOLDINGS TWO LIMITED
INTRINSICA PARTNERS LIMITED
KSL CORPORATE LIMITED
LIFETIME PROPERTY SOLUTIONS LTD
R LABS GROUP LIMITED
RHODICI LIMITED
UK WINGPORT LIMITED
WEST LONDON VAULTS LIMITED
YOUNG PEOPLE'S PUPPET THEATRE
Juan Veloza Vargas
No companies found
Balance Sheet Unlock full report
Accounts Date 31-Mar-2022 31-Mar-2021 31-Mar-2020
Balance Sheet
Fixed Assets 449,138 449,138 292,613
Current Assets 7,600,967 7,600,967 9,123,086
Creditors Due Within One Year 3,049,429 3,049,429 4,769,793
Working Cap 4,551,538 4,551,538 4,353,293
Total Assets Less Current Liabilities 5,000,676 5,000,676 4,645,906
Long-term Liabilities 450,000 450,000 13,059
Net Assets 4,550,676 4,550,676 4,632,847
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 4,550,676 4,550,676 4,632,847
Common Size Financial Analysis Unlock full report
Accounts Date 31-Mar-2022 31-Mar-2021 31-Mar-2020
Tangible Fixed Assets - - -
Fixed Assets 5.6% 5.6% 3.1%
Stocks Inventory - - -
Debtors 55.2% 55.2% 58.9%
Cash Bank In Hand 1.8% 1.8% 0.0%
Current Assets 94.4% 94.4% 96.9%
Creditors Due Within One Year 37.9% 37.9% 50.7%
Net Current Assets Liabilities 56.5% 56.5% 46.2%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 56.5% 56.5% 49.2%
Capital Employed - - -
Total Assets Less Current Liabilities 62.1% 62.1% 49.3%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Mar-2022 31-Mar-2021 31-Mar-2020
Liquidity Ratio 2.5 2.5 1.9
Solvency Ratio 2.3 2.3 2.0
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 10
Mortgages Outstanding 1
Mortgages Part Satisfied 0
Mortgages Satisfied 9
Assets and Debt Analysis Unlock full report
Accounts Date 31-Mar-2022 31-Mar-2021 31-Mar-2020
Assets 8,050,105 8,050,105 9,415,699
Debt 3,499,429 3,499,429 4,782,852
Net Assets/Debt 4,550,676 4,550,676 4,632,847

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
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Document Filings
Notice to Registrar of Companies of Notice of disclaimer
Satisfaction of charge 014764360009 in full
Satisfaction of charge 014764360010 in full
Registered office address changed from Unit 20 Berghem Mews Blythe Road London W14 0HN England to 31st Floor 40 Bank Street London E14 5NR on 16 June 2023
Statement of affairs
Appointment of a voluntary liquidator
Resolutions
Appointment of Mr Juan Veloza Vargas as a director on 25 January 2023
Termination of appointment of Tim Alan Beddows as a director on 19 November 2022
Confirmation statement made on 1 June 2022 with no updates
Appointment of Mr Jonathan Anthony James Lack as a director on 23 March 2022
Registration of charge 014764360010, created on 2 November 2021
Confirmation statement made on 1 June 2021 with no updates
Confirmation statement made on 1 June 2020 with no updates
Registration of charge 014764360009, created on 13 March 2020
Confirmation statement made on 1 June 2019 with no updates
Confirmation statement made on 1 June 2018 with no updates
Director's details changed for Mr Tim Alan Beddows on 30 June 2018
Confirmation statement made on 1 June 2017 with no updates
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