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Able Property Developments Limited

02156990

active
Private Limited Company
england wales
Companies House
Has been liquidated
Insolvency history
Health Score
48 / 100

Notable Risks

30/30
Filing
0/30
Financial
18/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • Active insolvency proceedings (-20)
  • 1 outstanding charge (-2)

Details

10 LONDON MEWS, W2 1HY
Incorporated 25/08/1987

Compliance

Last accounts

31/03/2025

total exemption full

Next accounts due

31/12/2026

On track

Confirmation statement

Last: 17/10/2025

Due 31/10/2026

On track

Industry

68100
Buying and selling of own real estate

Officers

Mr Ahmad Hassan Fakih

director · Since 17/10/1992

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 85

Also on 6 other boards

Lina Ahmed Fakih

director · Since 24/06/2015

DIRECTOR

BRITISH · CYPRUS · Age 53

Persons with Significant Control

Intuition Properties Limited

75–100% shares

39/40, Upper Grosvenor Street, London, W1K 2NG

Reg: 01829409 · United Kingdom · Limited Company

Notified 06/04/2016

Charges1 outstanding

Charge
outstanding

INVESTEC BANK PLC

Created 08/10/2020Registered 20/10/2020

Insolvency History1 case

receiver manager

Michael Russell Boyle (practitioner)

CompanyRankvs 69325+ SIC 68100 peers
27

Financial strength1th percentile among SIC peers · 0/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.08× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10Insolvency history -10
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How is this score calculated?
Financial strength0/25 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.

Liquidity2/20 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

Outstanding charges: -10 pts

Insolvency history: -10 pts

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

Key FinancialsYear ending 31/03/2025

Net Worth

-£496k

Balance sheet strength

Cash

£12k

Cash in the bank

Net Current Assets

-£600k

Working capital

Current Assets

£49k

Current Liabilities

£650k

Debtors

£37k

4avg. employees+2

Balance Sheet

Assets less current liabilities-£296k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.08-£76k
20240.11-£72k
20230.13

Derived from filed accounts. Not audited figures.