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Derrick May Farms Limited

00631241

active
Private Limited Company
Companies House
Health Score
63 / 100

Some Concerns

25/30
Filing
0/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

KNELLS FARM, TONBRIDGE, TN12 6NP
Incorporated 26/06/1959

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

01500
Mixed farming

Officers

Mr Peter Derrick Cooper May

director · Since 03/04/1991

FARM MANAGER

BRITISH · UNITED KINGDOM · Age 82

Ben Peter Robert May

secretary · Since 11/04/2000

FARMING

BRITISH · Age 45

Persons with Significant Control

Mr Peter Derrick Cooper May

75–100% shares
75–100% votes

British · England · Age 82

Knells Farm, Tonbridge, TN12 6NP

Notified 06/04/2016

Charges1 outstanding

Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 01/10/2014Registered 02/10/2014

CompanyRankvs 2071+ SIC 01500 peers
44

Financial strength54th percentile among SIC peers · 14/25
Employees95th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.63× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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2071Derrick May Farms Limited
60
How is this score calculated?
Financial strength14/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees14/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity6/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

the director, who has confirmed that repayment is not required in the immediate future. He therefore considers that there are no material uncertainties about the company's ability to continue as a going concern. 2.3 Revenue Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as

Key FinancialsYear ending 31/10/2024

Net Worth

£39k

Balance sheet strength

Cash

£2k

Cash in the bank

Net Current Assets

-£63k

Working capital

Current Assets

£109k

Current Liabilities

£172k

Fixed Assets

£102k

Debtors

£33k

9avg. employees

Tax at Year End(2019)

Corp tax£3k
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
20240.63-£11k
20230.59-£40k
20220.95+£4k
20210.85-£30k
20201.03+£46k
20190.81-£18k
20180.88—

Derived from filed accounts. Not audited figures.