THE NORTH EAST FUND LIMITED

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

  —

  Not reported

• Cash

  -68.8%

  £17,192,301 → £5,356,149

• Net assets

  —

  Not reported

• Employees

  0%

  7 → 7

• Operating profit

  -208.2%

  -£322,744 → -£994,791

• Profit before tax

  -110%

  £1,257 → -£126

• Wages

  +3.2%

  £522,304 → £538,956

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. Sector-distribution context coming next.

1. THE NORTH EAST FUND LIMITED 2017-03-27 → present
2. NORTH EAST (SPV) LIMITED 2016-10-24 → 2017-03-27

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, having considered the risks noted in the strategic report, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.”

Significant events

• “The investment phase of the fund continued throughout the year, but has now come to a close, with the realisation phase having commenced and set to continue to at least 31 March 2028.”
• “With the investment phase of the original fund having now terminated, the company has sought the necessary finance to launch a successor fund. After the year end, funding of £100m was secured from the North East Combined Authority and regional legacy reserves.”

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

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