NORTH EAST FINANCE (HOLDCO) LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  +632%

  £23,508 → £172,086

• Cash

  -5.3%

  £3,372,614 → £3,193,588

• Net assets

  0%

  £1 → £1

• Employees

  0%

  2 → 2

• Operating profit

  +166.8%

  -£2,017,390 → £1,348,420

• Wages

  +3.6%

  £270,404 → £280,049

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Armstrong Watson Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have prepared the financial statements on a going concern basis on the grounds that the Company has adequate resources to continue its operations for the foreseeable future. In making this assessment, the Directors have taken account of the level of funds accumulated in the Legacy Fund that can be used to meet the Company's operating costs, were there to be any shortfall in the timing and level of future returns and have concluded that adequate cover is available to meet future operating costs of the Company for the foreseeable future. In this regard, the realisation phase of the funds is expected to continue until at least 31 December 2026.”

Group structure

1. NORTH EAST FINANCE (HOLDCO) LIMITED · parent
   1. North East Finance (Subco) Limited 100% · England and Wales · Fund (Proof of Concept and Micro Loan)
   2. North East Technology (GP) Limited 100% · England and Wales · Technology Fund

Significant events

• “Economic conditions over the past 2-3 years have not been conducive to realising value from the portfolios, with the ongoing impact of instability in Ukraine and the Middle East and high levels of inflation and elevated interest rates having a dampening effect on transaction levels globally.”
• “Looking forward, the directors believe that whilst geopolitical risks remain, inflation is now being brought under control, central banks are actively looking at interest rate reductions and there are some positive signs of renewed business confidence, especially in key digital sectors.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.