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Drake Property Development Ltd

04509240

active
Private Limited Company
Companies House
Health Score
69 / 100

Some Concerns

25/30
Filing
10/30
Financial
34/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • 3 outstanding charges (-6)

Details

UNIT 4, PARK IRONWORKS FORGE ROAD, BORDON, GU35 9LY
Incorporated 12/08/2002

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

41100
Development of building projects

Officers

Mr Christopher Maurice Drake

director · Since 27/08/2002

PROPERTY DEVELOPER

BRITISH · ENGLAND · Age 64

Also on 9 other boards

Miss Lauren Alexandra Drake

director · Since 22/03/2024

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 30

Also on 5 other boards

Persons with Significant Control

Mr Christopher Maurice Drake

75–100% shares

British · England · Age 64

Unit 4, Park Ironworks, Forge Road, Bordon, GU35 9LY

Notified 06/04/2016

Charges3 outstanding

Charge
outstanding

ONESAVINGS BANK PLC

Created 10/07/2013Registered 11/07/2013
charge
satisfied

PROPERTY FINANCE NOMINEES (NO.4) LIMITED

Created 13/07/2011Registered 20/07/2011Satisfied 17/07/2013
charge
outstanding

THE MORTGAGE WORKS (UK) PLC

Created 17/06/2004Registered 23/06/2004
charge
outstanding

THE MORTGAGE WORKS (UK) PLC

Created 17/06/2004Registered 23/06/2004

CompanyRankvs 670070+ SIC 41100 peers
31

Financial strength9th percentile among SIC peers · 2/25
Employees45th percentile among SIC peers · 7/15
LiquidityCurrent ratio 0.2× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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67007Drake Property Development Ltd
41
How is this score calculated?
Financial strength2/25 pts

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

Employees7/15 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

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

Key FinancialsYear ending 31/08/2024

Net Worth

-£45k

Balance sheet strength

Cash

£22

Cash in the bank

Net Current Assets

-£129k

Working capital

Current Assets

£32k

Current Liabilities

£161k

Fixed Assets

£90k

Debtors

£32k

1avg. employees

Balance Sheet

Assets less current liabilities-£39k
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20240.20-£5k
20230.21-£78k
20220.74—
20211.20—
20200.72—
20190.71—
20180.73—

Derived from filed accounts. Not audited figures.