Company Overview
Newbegin Financial Services Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Wednesday 18 December 2019. Newbegin Financial Services Limited has been in business for 6 years and 3 months. The accounts status is small and the accounts are next due on Wednesday 30 September 2026.
Registered Address

C/O Thompson Commercials Limited Salvesen Way, Clive Sullivan Way, Hull, East Yorkshire, HU3 4UQ
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Companies House Data
Company NameNEWBEGIN FINANCIAL SERVICES LIMITED
Company Number12369872
Registered Office AddressC/O Thompson Commercials Limited Salvesen Way
 Clive Sullivan Way
 HU3 4UQ
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date18/12/2019
Accounting Reference Date Day31
Accounting Reference Date Month12
Accounts Next Due Date30/09/2026
Accounts Last Made Up Date31/12/2024
Accounts Account CategorySMALL
Returns Next Due Date15/01/2021
Directors & Members
Robert Iversen - Director
(British, 53 years old, born March 1973)
Appointed 01 September 2021
 Active
Paul Simpson - Director
(British, 63 years old, born March 1963)
Appointed 18 December 2019
 Active
James Swaby - Director
(British, 38 years old, born January 1988)
Appointed 17 December 2021
 Active
Robert Thorpe - Director
(British, 50 years old, born June 1976)
Appointed 17 December 2021
 Active
Secretaries
No Secretaries Appointed
Other Company Directorships
Robert Iversen
No companies found
Paul Simpson
No companies found
James Swaby
GRANGE CROSS LIMITED
NEW MONTH LIMITED
NEWBEGIN CORPORATION LIMITED
NEWBEGIN HOLDINGS LIMITED
P.P.G. FABRICATIONS LIMITED
PREMIUM LEASING LIMITED
THOMPSON COMMERCIALS GROUP LIMITED
THOMPSON COMMERCIALS LIMITED
THOMPSON OF BEVERLEY LIMITED
WEIGHTLIFTER BODIES LIMITED
Robert Thorpe
GRANGE CROSS LIMITED
NEW MONTH LIMITED
NEWBEGIN CORPORATION LIMITED
NEWBEGIN HOLDINGS LIMITED
P.P.G. FABRICATIONS LIMITED
PREMIUM LEASING LIMITED
THOMPSON COMMERCIALS GROUP LIMITED
THOMPSON COMMERCIALS LIMITED
THOMPSON OF BEVERLEY LIMITED
THOMPSON REFINISHERS LIMITED
VERTELLUS COMMERCIAL VEHICLE SOLUTIONS LIMITED
WEIGHTLIFTER BODIES LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Balance Sheet
Fixed Assets 0 0 0
Current Assets 30,336 30,336 33,259
Creditors Due Within One Year 30,299 30,299 19,705
Working Cap 37 37 13,554
Total Assets Less Current Liabilities 37 37 13,554
Long-term Liabilities 0 0 0
Net Assets 37 37 13,554
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 37 37 13,554
Common Size Financial Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Tangible Fixed Assets - - -
Fixed Assets 0.0% 0.0% 0.0%
Stocks Inventory - - -
Debtors 67.0% 67.0% 58.4%
Cash Bank In Hand 33.0% 33.0% 41.6%
Current Assets 100.0% 100.0% 100.0%
Creditors Due Within One Year 99.9% 99.9% 59.2%
Net Current Assets Liabilities 0.1% 0.1% 40.8%
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 0.1% 0.1% 40.8%
Capital Employed - - -
Total Assets Less Current Liabilities 0.1% 0.1% 40.8%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Liquidity Ratio 1.0 1.0 1.7
Solvency Ratio 1.0 1.0 1.7
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 2
Mortgages Outstanding 2
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Assets 30,336 30,336 33,259
Debt 30,299 30,299 19,705
Net Assets/Debt 37 37 13,554

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 current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet displays a very modest amount of net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a slender margin of cover over total debts and obligations.

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 current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet displays a very modest amount of net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a slender margin of cover over total debts and obligations.   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 current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet displays a very modest amount of net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a slender margin of cover over total debts and obligations.

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
Other Business around HU3 4UQ
THOMPSON COMMERCIALS LIMITED
THOMPSON COMMERCIALS LIMITED SALVESEN WAY, CLIVE SULLIVAN WAY, HULL, EAST YORKSHIRE, HU3 4UQ
THOMPSON COMMERCIALS GROUP LIMITED
C/O THOMPSON COMMERCIALS LIMITED SALVESEN WAY, CLIVE SULLIVAN WAY, HULL, EAST YORKSHIRE, HU3 4UQ
PREMIUM LEASING LIMITED
C/O THOMPSON COMMERCIALS LIMITED SALVESEN WAY, CLIVE SULLIVAN WAY, HULL, EAST YORKSHIRE, HU3 4UQ
THOMPSON OF BEVERLEY LIMITED
C/O THOMPSON COMMERCIALS LIMITED SALVESEN WAY, CLIVE SULLIVAN WAY, HULL, EAST YORKSHIRE, HU3 4UQ
AUTOELITE (HULL) LIMITED
UNIT 12 SALVESON WAY, BRIGHTON STREET ESTATE, HULL, EAST YORKSHIRE, HU3 4UQ
J W S WARDROBES LIMITED
UNIT 11, SALVESEN WAY, FREIGHTLINER IND: ESTATE, BRIGHTON STREET, HULL,, HU3 4UQ
Document Filings
Confirmation statement made on 18 December 2025 with no updates
Confirmation statement made on 18 December 2024 with no updates
Registered office address changed from 14 Newbegin House Newbegin Beverley HU17 8EG United Kingdom to C/O Thompson Commercials Limited Salvesen Way Clive Sullivan Way Hull East Yorkshire HU3 4UQ on 13 January 2025
Confirmation statement made on 18 December 2023 with no updates
Confirmation statement made on 18 December 2022 with no updates
Confirmation statement made on 18 December 2021 with updates
Registration of charge 123698720002, created on 17 December 2021
Appointment of Mr James Jon Swaby as a director on 17 December 2021
Appointment of Mr Robert Ellis Thorpe as a director on 17 December 2021
Registration of charge 123698720001, created on 17 December 2021
Appointment of Mr Robert Iversen as a director on 1 September 2021
Compulsory strike-off action has been discontinued
First Gazette notice for compulsory strike-off
Confirmation statement made on 18 December 2020 with updates
Director's details changed for Mr Paul Thomas Simpson on 24 February 2021
Change of details for Newbegin Holdings Limited as a person with significant control on 15 February 2021
Memorandum and Articles of Association
Resolutions
Statement of capital following an allotment of shares on 18 August 2020
Change of share class name or designation
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