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M.J.C. Developments Limited

02628733

active
Private Limited Company
Companies House
Health Score
74 / 100

Some Concerns

30/30
Filing
10/30
Financial
34/40
Risk
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

15A SCHOOL STREET TRADING ESTATE, STOCKPORT, SK7 4RA
Incorporated 11/07/1991

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

41100
Development of building projects

Officers

Mrs Madalane Cundiff

secretary · Since 26/11/1991

PROPERTY DEVELOPER

BRITISH · Age 79

Also on 1 other board

Mr Richard James Cundiff

director · Since 12/07/2015

DIRECTOR

BRITISH · ENGLAND · Age 46

Mrs Keilly Jane Barnes

director · Since 23/07/2015

DIRECTOR

BRITISH · ENGLAND · Age 50

Persons with Significant Control

Mrs Keilly Jane Barnes

Significant control

British · England · Age 50

15a School Street Trading Estate, Stockport, SK7 4RA

Notified 30/06/2016

Mr Richard James Cundiff

Significant control

British · England · Age 46

15a School Street Trading Estate, Stockport, SK7 4RA

Notified 30/06/2016

Former PSCs

Mr Malcolm John Cundiff

Ceased 28/03/2017

Charges3 outstanding

Charge
outstanding

HANDELSBANKEN PLC

Created 23/09/2021Registered 24/09/2021
Charge
outstanding

HANDELSBANKEN PLC

Created 23/09/2021Registered 23/09/2021
Charge
outstanding

NOTTINGHAM BUILDING SOCIETY

Created 30/01/2020Registered 04/02/2020
charge
satisfied

CITIBANK TRUST LIMITED

Created 23/10/1992Registered 29/01/1993Satisfied 18/01/2011
charge
satisfied

CITIBANK TRUST LIMITED

Created 23/10/1992Registered 29/01/1993Satisfied 18/01/2011
charge
satisfied

CLOSE BROTHERS LIMITED

Created 14/12/1992Registered 19/12/1992Satisfied 12/12/2007

CompanyRankvs 10326+ SIC 41100 peers
65

Financial strength99th percentile among SIC peers · 25/25
Employees95th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.56× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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10326M.J.C. Developments Limited
71
How is this score calculated?
Financial strength25/25 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/12/2024

Net Worth

£10.7M

Balance sheet strength

Cash

£113k

Cash in the bank

Net Current Assets

-£786k

Working capital

Current Assets

£1.0M

Current Liabilities

£1.8M

Fixed Assets

£13.9M

Debtors

£906k

5avg. employees+1

Tax at Year End(2020)

Corp tax£71k

Balance Sheet

Assets less current liabilities£13.1M
Signed by Mr Richard Cundiff 24 September 2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.56+£95k
20230.49+£230k
20210.47+£2.3M
20200.77+£25k
20190.55+£1k
20180.91—

Derived from filed accounts. Not audited figures.