NEED MUSIC LTD

Company number 07944044 · Active (Active - Proposal to Strike off)

NEED MUSIC LTD is a private limited company registered in WHITLEY BAY, United Kingdom, incorporated on 9 Feb 2012. Its registered activity is support activities to performing arts. Its latest published accounts for the period ending 31 Mar 2020 show equity of £418, total assets of £3,365. It has filed 1 set of accounts, 1 of them after the deadline. Our model estimates a 0.07 % probability that it becomes insolvent within 12 months, 0.6 times the average for active companies (low risk).

Insolvency risk, next 12 months

0.07 %
Low risk
Lowest riskHighest risk

Higher than 91 % of active companies in the United Kingdom. 0.6× the average annual insolvency rate (0.12 %).

Raises the risk

Filing delay of last accounts (days)3.7×≥ 321 · 0.43 % became insolvent
Share of filings late3.6×≥ 0.666667 · 0.42 % became insolvent
Company age (years)3.3×12.986–22.502 · 0.38 % became insolvent
Days since last period end3.2×≥ 642 · 0.37 % became insolvent
Current liabilities ÷ assets2.9×0.523499–0.961567 · 0.33 % became insolvent
Current ratio2.7×0.565361–1.20204 · 0.31 % became insolvent

Lowers the risk

Total assets (log)0.3×2.87772–3.99473 · 0.04 % became insolvent
Accounts filed0.5×0–3 · 0.06 % became insolvent
Industry0.6×90 · 0.07 % became insolvent
Equity (signed log)0.6×0.30103–3.52776 · 0.07 % became insolvent

Each factor compares companies in the same group (for example the same age band) with the average. The score is a statistical estimate from public data (model AUC 0.99, trained 8 Nov 2026), not a credit rating. How it works.

Company details

Company number
07944044 · official register
Status
Active - Proposal to Strike off
Legal form
Private Limited Company
Incorporated
9 Feb 2012 (15 years)
Registered address
NE26 2NE WHITLEY BAY
Postcode area
Newcastle upon Tyne
Activity
90020 Support activities to performing arts
Industry
Creative, arts and entertainment
Accounts overdue
Yes

Insolvency and register events

No insolvency or liquidation events on record.

Annual accounts GBP

Period endPublishedTurnoverResultEquityTotal assetsCurrent liabilitiesCashEmployees
31 Mar 202015 Mar 2021– –£418£3,365 £2,947–1

As published. Small companies often file a balance sheet only, so turnover and result can be missing.

Similar companies in Newcastle upon Tyne

Questions about NEED MUSIC LTD

What is the company number of NEED MUSIC LTD?

NEED MUSIC LTD is registered under company number 07944044 in the official register of United Kingdom. View it at the official register.

Is NEED MUSIC LTD still active?

Yes. NEED MUSIC LTD is registered as active (status: Active - Proposal to Strike off).

Has NEED MUSIC LTD gone bankrupt or into insolvency?

No insolvency, bankruptcy or administration is recorded for NEED MUSIC LTD in the official data.

How likely is NEED MUSIC LTD to become insolvent?

Our model estimates a 0.07 % probability that NEED MUSIC LTD becomes insolvent within the next 12 months (low risk). That is higher than 91 % of active companies in the United Kingdom.

When was NEED MUSIC LTD founded?

NEED MUSIC LTD was incorporated on 9 Feb 2012.

Where is NEED MUSIC LTD registered?

NEED MUSIC LTD's registered address is in NE26 2NE WHITLEY BAY (Newcastle upon Tyne), United Kingdom.

What do the latest accounts of NEED MUSIC LTD show?

The latest published accounts (period ending 31 Mar 2020) show equity of £418, total assets of £3,365, 1 employees.

Data: Companies House – Free Company Data Product, Accounts Data Product, Public Data API (Contains public sector information licensed under the Open Government Licence v3.0.). Last updated 9 Nov 2026.