The Firmwatch take
New Town 29 Ltd (SC610531) currently shows: Watch signal detected, based on accounts to 31 December 2024; last refreshed 24 May 2026. A strike-off notice has been published. The company can still trade until the second gazette.
Companies House source·Accounts to 31 Dec 2024·Refreshed 24 May 2026·Methodology and caveats
Firmwatch signals are generated from public filings and are not credit ratings or financial advice.
1 public risk event on file
Incorporated
10 October 2018
7 years on the register
Sector
Development of building projects
SIC 41100
Size
Not classified
Net assets
£10
Bottom 30% in sector
Cash at bank
Not disclosed
Not required for this filing type
Risk events
1 on file
Public Gazette / Companies House
Insolvency risk
Elevated insolvency risk
The latest public accounts show financial pressure that should be reviewed before relying on the company as a customer, supplier or counterparty.
Thin net asset buffer
The company reports a small visible net asset position.
Negative working capital
Short-term liabilities are higher than short-term assets in the public balance sheet.
Weak current ratio
Current assets are less than 75% of current liabilities.
Risk events · monitored daily
1 event on the watchtower
- 30 Dec 2024
First gazette notice
London Gazette
Get alerted on any new event
If a new Gazette notice, insolvency filing or court order is published for New Town 29 Ltd, we'll email you once.
Money
What the balance sheet says
Net assets
£10
Bottom 30% in sector · sector median £1k · 86,521 filers in this sector
Cash
Not disclosed
Working cap.
−£3.3m
Median £4k
Current ratio
0.0×
Median 1.1×
Signals · 3
Positive net assets
The latest filed accounts show assets exceeding liabilities.
Negative working capital
Current liabilities exceed current assets in the extracted accounts.
Current ratio below 1.0
Current assets are lower than current liabilities in the extracted accounts.
Address pattern · EH1 2BW
145 other UK companies registered at this postcode.
Active
141
Dissolved
0
Strike-off action
3
Sector benchmark · Construction Main Contractors
How this company compares in 86,521 filers in this sector
Bottom 30% in sector — New Town 29 Ltd shows £10 in net assets. Sector median is £1k.
Sector medians are computed annually across all UK companies in this broad sector. Position is approximate — see the Money tab for the full balance sheet.
Recent activity
Filings and risk events
- 30 Dec 2024First gazette notice
People
Who runs this company
- RG
RAWLINSON, Grant Macdonald
director · since 2018
Registered office
Address intelligence
145 other companies use this address.
High-volume registered-office service. Many UK companies use these legitimately, but they are also a known hosting location for shell entities. Treat this as a flag, not a verdict.
Firmwatch turns UK Companies House filings into plain-English company intelligence. Data is refreshed daily; signals are generated from public balance-sheet and filing patterns.