Newstead Homes Limited

Newstead Homes Limited, based in London, UK, is a small, active company established thirteen years ago in December 2011. Employing just two people, it holds assets valued at £79,252 and operates from a real address in Lynton House, Tavistock Square. With one director and one owner, Elling Michael, the company regularly imports furniture, lighting, and prefabricated buildings, with a history of seven months of import activity concluding in November 2018.

The company’s website showcases its expertise in property investment, design, planning, and high-quality construction and decoration. Newstead Homes Ltd. focuses on Southwest London, Surrey, and abroad, providing solutions for new builds, refurbishments, planning and design consultancy, and investor engagement. It appears to be a service-based business, not an e-commerce operation, offering bespoke property development solutions rather than direct sales to consumers.

Financially, Newstead Homes Limited presents a concerning picture. While turnover is not reported, net assets have plummeted 43%, now standing at a negative £1,000,000. Cash reserves have fallen significantly by 71%, leaving only £3,400. Bank borrowings have increased slightly, and creditors have risen considerably—suggesting the company is burning through cash faster than it’s generating revenue. Trade debtors have also decreased, which is good. The company’s small size (meeting two of three conditions for a small company) provides some flexibility, but the substantial losses and dwindling cash reserves are a cause for concern. The accounts are unaudited, which is common for small companies, and no auditor is mentioned.

Registered in England/Wales under the registration number 07868427, with a registered address at WC1H 9BQ, England, London, Lynton House, 7- 12 Tavistock Square.

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