Mcdermott Developments Limited
02701792
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 3 outstanding charges (-6)
Details
Compliance
Last accounts
31/12/2024
group
Next accounts due
30/09/2026
Confirmation statement
Last: 20/03/2026
Due 03/04/2027
Industry
Officers
director · Since 09/04/1992
DIRECTOR
IRISH · UNITED KINGDOM · Age 63
Also on 19 other boards
director · Since 09/04/1992
PROPERTY DEVELOPER
IRISH · ENGLAND · Age 62
Also on 4 other boards
secretary · Since 28/02/1994
COMPUTER ANALYST
IRISH · ENGLAND · Age 63
Also on 19 other boards
director · Since 06/04/2006
FINANCE DIRECTOR
BRITISH · ENGLAND · Age 63
Also on 9 other boards
director · Since 04/04/2016
TECHNICAL DIRECTOR
BRITISH · UNITED KINGDOM · Age 56
Also on 1 other board
director · Since 06/04/2017
SALES DIRECTOR
BRITISH · UNITED KINGDOM · Age 57
Also on 9 other boards
Persons with Significant Control
Ms Catherine Davis
Irish · England · Age 63
Jupiter House, 1 Mercury Rise, Altham, BB5 5BY
Notified 06/04/2016
Mr Seamus Mcdermott
Irish · England · Age 62
Jupiter House, 1 Mercury Rise, Altham, BB5 5BY
Notified 06/04/2016
Charges3 outstanding
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CompanyRankvs 75+ SIC 41100 peers70
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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
any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to
Key FinancialsYear ending 31/12/2024
Net Worth
£96.8M
Balance sheet strength
Cash
£37.7M
Cash in the bank
Net Current Assets
£97.5M
Working capital
Current Assets
£102.5M
Current Liabilities
£5.1M
Fixed Assets
£592k
Debtors
£1.6M
Cost of Sales
£19.7M
Admin Expenses
£2.5M
Profit After Tax
£8.7M
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 20.27 | +£8.1M |
| 2023 | 18.97 | +£11.6M |
| 2022 | 11.77 | +£24.2M |
| 2020 | 8.36 | +£52.6M |
| 2019 | 3.38 | -£25.0M |
| 2018 | 3.01 | — |
Derived from filed accounts. Not audited figures.