New2thescene Ltd

New2thescene Ltd, a small, active company based in Leeds, UK, was founded two years ago in December 2022. It’s a solo venture, run by a single director and owner, Richard Andrew Howitt, and operates from a real address. The company’s status is active, and it’s classified as a small business, meeting two of three conditions: turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees.

New2thescene Ltd operates as a platform for discovering and supporting new literary talent. Its website showcases emerging authors, offering exclusive content, writing tips, and a community for readers and writers alike. The site features a blog, podcast, and competition section, all designed to promote new voices and provide a space for literary exploration. It's a platform for readers to invest in the continued unearthing of great people in books.

Financially, New2thescene Ltd’s recent accounts show a mixed picture. Accumulated amortisation for intangible assets increased to £630, while depreciation on computer equipment remained steady at £490. Cash bank on hand stayed at £150, and creditors remained at £15,000. However, equity dropped to -£4,900, and net assets also declined to -£4,800. Bank borrowings are at £15,000. The company’s small size helps it remain flexible, but the decline in equity suggests it’s burning through money. There’s no auditor mentioned, so the figures are unaudited.

The company's focus on digital content and community building suggests a low-cost business model, but the negative equity indicates a need for increased revenue or external funding. It’s possible the company is reinvesting heavily in content creation and marketing, but the financial data suggests it’s a tightrope walk.

Registered in England/Wales under the registration number 14536118, with a registered address at LS12 4HH, England, Leeds, 157 Leysholme Crescent.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.