NEW GROUNDWORKS LIMITED Financials
- Company number
- 09230182CopyCopy
- Registered office
- Unit 1 Hutton Close, South Church Enterprise Park, Bishop Auckland DL14 6XG
- Incorporated
- 23/09/2014
Company snapshot
- Status
- Active
- Employees
- 5 (2023)
- Latest financial data
- 2023
- Accounts type
- Micro Entity
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2023.
Net Assets
-34.66%vs 20222022: £210.14K
Total Assets
28.21%vs 20212021: £399.51K
Total Liabilities
76.84%vs 20212021: £170.82K
Employees
0vs 20222022: 5
In 2023, NEW GROUNDWORKS LIMITED reported net assets of £137.30K. The same filing shows total assets of £512.22K and total liabilities of £302.08K. Reported headcount was 5 in 2023. Total Liabilities rose from £170.82K in 2021 to £302.08K in 2022 (76.84%). Okredo holds filed figures for 2021–2023; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
-34.66%from £210.14K in 2022Year-on-year change
Net Assets as filed for 2021–2023. Every figure in this chart is also in the financial history table.
3-year financial trend (2021–2023)
How the figures NEW GROUNDWORKS LIMITED filed moved across the three reported years 2021, 2022 and 2023 — measured end to end rather than year on year.
Net Assets
-40%vs 2021-22.5% a year compound (CAGR)
Employees
0%vs 2021Biggest decrease
Net Assets-40%
£228.69K in 2021 to £137.30K in 2023
Every measure that changed in NEW GROUNDWORKS LIMITED's filings between 2021 and 2023 fell. That fall came in net assets, pointing to a weakening balance sheet. See the full year-by-year figures.
Ratios from the filed figures
Calculated from NEW GROUNDWORKS LIMITED's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- 41.03%2022
- Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
- Liabilities to total assets
- 58.97%2022
- Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for NEW GROUNDWORKS LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 |
|---|---|---|---|
| Net Assets£ | 228.69K | 210.14K | 137.30K |
| Total Assets£ | 399.51K | 512.22K | – |
| Cash in Bank£ | – | – | – |
| Total Liabilities£ | 170.82K | 302.08K | – |
| Employees | 5 | 5 | 5 |
NEW GROUNDWORKS LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for NEW GROUNDWORKS LIMITED covering 2021–2023, across 4 reported indicators. The most recent reported year is 2023.
NEW GROUNDWORKS LIMITED reported net assets of £137.30K for 2023. That compares with £210.14K in 2022, a change of -34.66%.
NEW GROUNDWORKS LIMITED reported total assets of £512.22K for 2022. That compares with £399.51K in 2021, a change of 28.21%.
NEW GROUNDWORKS LIMITED reported total liabilities of £302.08K for 2022. That compares with £170.82K in 2021, a change of 76.84%.
NEW GROUNDWORKS LIMITED reported 5 employees in 2023, compared with 5 in 2022.
Between 2021 and 2023, NEW GROUNDWORKS LIMITED's net assets fell by 40% and employee numbers was unchanged. Net assets contracted at 22.5% a year across the two years to 2023, from £228.69K to £137.30K. Reported headcount went from 5 in 2021 to 5 in 2023.
Okredo holds reported figures for the years 2021, 2022, 2023. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.