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Finerain Developments Limited

02725331

active
Private Limited Company
england wales
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
10/30
Financial
30/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • 6 outstanding charges (-10)

Details

COSMUR HOUSE,, LONDON., SW7 4HS
Incorporated 22/06/1992

Compliance

Last accounts

31/10/2024

total exemption full

Next accounts due

31/07/2026

On track

Confirmation statement

Last: 15/06/2025

Due 29/06/2026

On track

Industry

68100
Buying and selling of own real estate

Officers

Mr Inder Bir Singh Kathuria

secretary · Since 22/06/1992

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 87

Also on 57 other boards

Mr Inder Bir Singh Kathuria

director · Since 22/06/1992

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 87

Also on 57 other boards

Mr Stephen Patrick Makepeace-Taylor

director · Since 22/06/1992

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 76

Also on 16 other boards

Mr Alexander James Cosgrove

director · Since 05/10/2013

QUANTITY SURVEYOR

BRITISH · ENGLAND · Age 50

Also on 6 other boards

Persons with Significant Control

Mr Alexander James Cosgrove

25–50% shares
25–50% votes
Appoint directors

British · England · Age 50

Cosmur House,, London., SW7 4HS

Notified 01/06/2017

Mr Inder Bir Singh Kathuria

25–50% shares
25–50% votes
Appoint directors

British · England · Age 87

Cosmur House,, London., SW7 4HS

Notified 01/06/2017

Charges6 outstanding

charge
satisfied

HSBC BANK PLC

Created 08/01/2002Registered 16/01/2002Satisfied 15/11/2005
charge
satisfied

HSBC BANK PLC

Created 17/12/2001Registered 18/12/2001Satisfied 23/01/2002
charge
satisfied

MIDLAND BANK PLC

Created 07/05/1999Registered 08/05/1999Satisfied 03/08/2002
charge
outstanding

MIDLAND BANK PLC

Created 20/11/1998Registered 27/11/1998
charge
outstanding

MIDLAND BANK PLC

Created 31/07/1997Registered 01/08/1997
charge
outstanding

MIDLAND BANK PLC

Created 17/01/1997Registered 30/01/1997
charge
outstanding

MIDLAND BANK PLC

Created 28/08/1996Registered 30/08/1996
charge
outstanding

MIDLAND BANK PLC

Created 10/05/1996Registered 24/05/1996
charge
outstanding

MIDLAND BANK PLC

Created 05/03/1996Registered 06/03/1996

CompanyRankvs 68462+ SIC 68100 peers
41

Financial strength2th percentile among SIC peers · 1/25
Employees95th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.76× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength1/25 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 31/10/2024

Net Worth

-£254k

Balance sheet strength

Cash

£3k

Cash in the bank

Net Current Assets

-£254k

Working capital

Current Assets

£784k

Current Liabilities

£1.0M

Debtors

£2k

3avg. employees

Director Loans

Company owes directors£598k

Balance Sheet

Assets less current liabilities-£254k
Signed by Mr I Kathuria 23 January 2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.76-£23k
20230.77-£25k
20220.79-£15k
20210.80-£7k
20200.81-£3k
20190.81-£361k
20180.81

Derived from filed accounts. Not audited figures.