NEWFLEX LIMITED

• ⚠

  Confirmation statement overdue

  Due 2026-05-05.

1. NEWFLEX LIMITED 2020-08-12 → present
2. NEWFLEX WORKSPACE LIMITED 2020-04-21 → 2020-08-12
3. CITIBASE LIMITED 2018-11-30 → 2020-04-21
4. CITIBASE PUBLIC LIMITED COMPANY 2017-11-29 → 2018-11-30
5. CITIBASE LIMITED 2017-11-28 → 2017-11-29
6. CITYBASE LIMITED 2005-04-21 → 2017-11-28

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

Margins divide P&L lines by turnover. 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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

S&W Partners Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company financial statements have been prepared on a going concern basis. Due to the nature of funding across the wider group, of which this company is a part, the directors have considered the wider group ('Newable Group') as well as the company in making their assessment. The directors are confident that Newable Partnership Limited has sufficient funds to provide such support as may be required.”

Significant events

• “Following the pandemic, some form of flexible working has become widely accepted across white collar employers. The acceptance of flexible working presents significant opportunities and challenges for Newflex. Consequently, we undertook a strategic review, concluding that a smaller network of better-quality centres would generate more sustainable profits than a large network of medium quality centres.”
• “During the year, we closed several managed centres, certain centres were closed due to the strategic review and replaced with the centre such as Cambridge North. The rest of the closures were due to the landlord's changing the management services provider or managing in-house and re-development of the building.”
• “As a results of the recent strategic review, Newflex will pivot to have a smaller network of better-quality centres to generate more sustainable profits.”

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

0

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  -19.2%

  £11,324,492 → £9,152,336

• Cash

  -69.9%

  £198,707 → £59,763

• Net assets

  +20.1%

  £4,675,176 → £5,615,726

• Employees

  -33.1%

  181 → 121

• Operating profit

  +429.4%

  -£349,150 → £1,150,132

• Profit before tax

  +354%

  -£422,568 → £1,073,241

• Wages

  -20.6%

  £6,540,889 → £5,195,274

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