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Paddington Construction Limited

01069492

active
Private Limited Company
england wales
Companies House
Health Score
73 / 100

Some Concerns

25/30
Filing
10/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Loss before tax (-10)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

6 WHARF STUDIOS, LONDON, N1 7GR
Incorporated 04/09/1972

Compliance

Last accounts

30/09/2024

full

Next accounts due

30/06/2026

On track

Confirmation statement

Last: 30/07/2025

Due 13/08/2026

On track

Industry

41201
Construction of commercial buildings

Officers

Mr Cormac James Byrne

director · Since 25/10/1991

COMPANY DIRECTOR

IRISH · UNITED KINGDOM · Age 74

Also on 34 other boards

Persons with Significant Control

Mr Cormac James Byrne

25–50% shares

Irish · England · Age 74

6 Wharf Studios, 28 Wharf Road, London, N1 7GR

Notified 06/04/2016

Former PSCs

Mr Patrick Joseph Byrne

Ceased 26/07/2024

Charges1 outstanding

Charge
outstanding

COHORT CAPITAL LTD

Created 18/05/2026Registered 20/05/2026
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 20/04/1998Registered 28/04/1998Satisfied 18/11/2024
charge
satisfied

ALLIED IRISH BANKS PLC

Created 19/11/1992Registered 09/12/1992Satisfied 16/10/1998
charge
satisfied

ALLIED IRISH BANKS PLC

Created 20/07/1989Registered 24/07/1989Satisfied 16/10/1998

CompanyRankvs 1710+ SIC 41201 peers
59

Financial strength87th percentile among SIC peers · 22/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.08× · 12/20
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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How is this score calculated?
Financial strength22/25 pts

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

Employees15/15 pts

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

Liquidity12/20 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

and policies. No ordinary dividends were paid (2023 - £3.8m). The director does not recommend payment of a final dividend. See note 1.2 for disclosures of a material uncertainty relating to going concern. Directors The director s who held office during the year and up to the date of signature of the financial statements were as follows: P J Byrne (Resigned 26 July 2024) C J Byrne The abo

Key FinancialsYear ending 30/09/2024

Net Worth

£192k

Balance sheet strength

Cash

£797

Cash in the bank

Profit Before Tax

-£3.1M

Bottom line earnings

Net Current Assets

£399k

Working capital

Current Assets

£5.3M

Current Liabilities

£4.9M

Fixed Assets

£359k

Debtors

£3.8M

Cost of Sales

£9.3M

Admin Expenses

£4.6M

Profit After Tax

-£3.1M

45avg. employees-9

Tax at Year End

Dividends paid£3.8M

People Costs

Wages & salaries£2.8M

Balance Sheet

Assets less current liabilities£757k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20241.08-£1.5M
20231.83-£2.6M
20221.72

Derived from filed accounts. Not audited figures.