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Milli Developments Limited

04166545

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

316 LANCASTER ROAD, MORECAMBE, LA4 6LY
Incorporated 23/02/2001

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68209
Other letting and operating of own or leased real estate

Officers

Mr Neil Palamountain

secretary · Since 21/03/2001

PROPERTY TRADER

BRITISH · ENGLAND · Age 60

Also on 5 other boards

Mr Neil Palamountain

director · Since 21/03/2001

PROPERTY TRADER

BRITISH · ENGLAND · Age 60

Also on 5 other boards

Mrs Claire Tina Palamountain

director · Since 07/02/2017

LANDLORD

BRITISH · ENGLAND · Age 52

Also on 1 other board

Persons with Significant Control

Mr Mark Palamountain

25–50% shares
25–50% votes

British · England · Age 58

316 Lancaster Road, Morecambe, LA4 6LY

Notified 01/09/2016

Mr Neil Palamountain

ownership-of-shares-25-to-50-percent-as-trust
voting-rights-25-to-50-percent-as-trust

British · England · Age 60

316 Lancaster Road, Morecambe, LA4 6LY

Notified 15/11/2024

Mrs Claire Tina Palamountain

ownership-of-shares-25-to-50-percent-as-trust
voting-rights-25-to-50-percent-as-trust

British · England · Age 52

316 Lancaster Road, Morecambe, LA4 6LY

Notified 15/11/2024

Former PSCs

Mr Neil Palamountain

Ceased 15/11/2024

Mrs Claire Tina Palamountain

Ceased 15/11/2024

The Palamountain Family Settlement 2024

Ceased 15/11/2024

Charges3 outstanding

Charge
outstanding

LLOYDS BANK PLC

Created 03/04/2017Registered 07/04/2017
Charge
outstanding

LLOYDS BANK PLC

Created 03/04/2017Registered 04/04/2017
Charge
outstanding

LLOYDS BANK PLC

Created 30/03/2017Registered 30/03/2017

CompanyRankvs 49611+ SIC 68209 peers
58

Financial strength92th percentile among SIC peers · 23/25
Employees57th percentile among SIC peers · 9/15
LiquidityCurrent ratio 0.6× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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49611Milli Developments Limited
64
How is this score calculated?
Financial strength23/25 pts

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

Employees9/15 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 31/03/2026

Net Worth

£712k

Balance sheet strength

Cash

£281k

Cash in the bank

Net Current Assets

-£263k

Working capital

Current Assets

£395k

Current Liabilities

£658k

Fixed Assets

£1.2M

Debtors

£114k

1avg. employees

Tax at Year End(2024)

Corp tax£5k

Director Loans(2024)

Company owes directors£654k

Balance Sheet

Assets less current liabilities£892k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20260.60+£16k
20250.55+£47k
20240.49+£17k
20230.75—

Derived from filed accounts. Not audited figures.