Company Overview
Ngs Corporation Plc is listed at the official companies registry as in Liquidation Public Limited Company. The company was incorporated on Thursday 08 December 2011, so this is a well established company. Ngs Corporation Plc has been in business for 14 years and 3 months. The accounts status is full and the accounts are next due on Saturday 31 August 2019.
Registered Address

Suite 5, 2Nd Floor, Bulman House, Regent Centre, Gosforth, Newcastle Upon Tyne, NE3 3LS
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Companies House Data
Company NameNGS CORPORATION PLC
Company Number07875502
Registered Office AddressSuite 5, 2nd Floor, Bulman House
 Regent Centre, Gosforth
 NE3 3LS
Company CategoryPublic Limited Company
Company StatusLiquidation
Country of OriginUnited Kingdom
Incorporation Date08/12/2011
Accounting Reference Date Day28
Accounting Reference Date Month2
Accounts Next Due Date31/08/2019
Accounts Last Made Up Date28/02/2018
Accounts Account CategoryFULL
Returns Next Due Date05/01/2017
Returns Last Made Up Date08/12/2015
Directors & Members
Show Resigned
Vijay Karia - Director
(British, 53 years old, born January 1973)
Appointed 08 December 2011
 Active
Secretaries
Show Resigned
Other Company Directorships
Vijay Karia
KJ CONTAINER SOLUTIONS LTD
KL CONTAINER SOLUTIONS LTD
NATIONWIDE GRITTING SOLUTIONS LIMITED
NGS SALT SUPPLIES LTD.
SALT INTERNATIONAL LTD
Balance Sheet Unlock full report
Accounts Date 28-Feb-2018 31-Aug-2015 31-Aug-2014
Balance Sheet
Fixed Assets 4,321,509 4,321,509 4,332,136
Current Assets 3,018,955 3,018,955 262,269
Creditors Due Within One Year 779,068 779,068 16,996
Working Cap 2,239,887 2,239,887 245,273
Total Assets Less Current Liabilities 6,561,396 6,561,396 4,577,409
Long-term Liabilities 3,000,000 3,000,000 398,112
Net Assets 3,561,396 3,561,396 4,179,297
Share Capital & Reserves
Share Cap 65,002 65,002 65,002
Profit & Loss Reserves 3,026,394 3,026,394 3,644,295
Other Reserves 470,000 470,000 470,000
Shareholders Funds 3,561,396 3,561,396 4,179,297
Common Size Financial Analysis Unlock full report
Accounts Date 28-Feb-2018 31-Aug-2015 31-Aug-2014
Tangible Fixed Assets - - -
Fixed Assets 58.9% 58.9% 94.3%
Stocks Inventory 0.0% 0.0% 0.0%
Debtors 0.0% 0.0% 0.0%
Cash Bank In Hand 12.6% 12.6% 0.7%
Current Assets 41.1% 41.1% 5.7%
Creditors Due Within One Year 10.6% 10.6% 0.4%
Net Current Assets Liabilities 30.5% 30.5% 5.3%
Creditors Due After One Year 40.9% 40.9% 8.7%
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability 48.5% 48.5% 91.0%
Called Up Share Capital 0.9% 0.9% 1.4%
Share Capital Allotted Called Up Paid 0.9% 0.9% 1.4%
Profit Loss Account Reserve 41.2% 41.2% 79.3%
Shareholder Funds 48.5% 48.5% 91.0%
Capital Employed - - -
Total Assets Less Current Liabilities 89.4% 89.4% 99.6%
Financial Ratio Analysis Unlock full report
Accounts Date 28-Feb-2018 31-Aug-2015 31-Aug-2014
Liquidity Ratio 3.9 3.9 15.4
Solvency Ratio 1.9 1.9 11.1
Reserves to Assets 0.4 0.4 0.8
Secured Creditors Unlock full report
Mortgages Charges 1
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 1
Assets and Debt Analysis Unlock full report
Accounts Date 28-Feb-2018 31-Aug-2015 31-Aug-2014
Assets 7,340,464 7,340,464 4,594,405
Debt 3,779,068 3,779,068 415,108
Net Assets/Debt 3,561,396 3,561,396 4,179,297

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. Information provided by Companies House shows Liquidation.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. Information provided by Companies House shows Liquidation.  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations. Information provided by Companies House shows Liquidation.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
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Document Filings
Final Gazette dissolved following liquidation
Progress report in a winding up by the court
Progress report in a winding up by the court
Progress report in a winding up by the court
Registered office address changed from 109 Coleman Road Leicester LE5 4LE United Kingdom to Suite 5, 2nd Floor, Bulman House Regent Centre, Gosforth Newcastle upon Tyne NE3 3LS on 8 July 2021
Appointment of a liquidator
Dissolution deferment
Completion of winding up
Order of court to wind up
Termination of appointment of Balbir Singh Bassi as a secretary on 11 March 2019
Termination of appointment of Aubrey Thomas Brocklebank as a director on 11 January 2019
Confirmation statement made on 8 December 2018 with no updates
Director's details changed for Mr Vijay Karia on 10 December 2017
Director's details changed for Mr Vijay Karia on 16 October 2018
Registered office address changed from Ngs Offices Rushington Business Park Chapel Lane Southampton SO40 9AH to 109 Coleman Road Leicester LE5 4LE on 15 October 2018
Confirmation statement made on 8 December 2017 with updates
Compulsory strike-off action has been discontinued
First Gazette notice for compulsory strike-off
Confirmation statement made on 8 December 2016 with updates
Current accounting period extended from 31 August 2016 to 28 February 2017
Annual return made up to 8 December 2015 with full list of shareholders
Appointment of Mr Balbir Singh Bassi as a secretary on 31 March 2015
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