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Downey Designs Limited

04613361

active
Private Limited Company
england wales
Companies House
Health Score
61 / 100

Some Concerns

25/30
Filing
0/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

109 THE ARGENT CENTRE, JEWELLERY QUARTER BIRMINGHAM, B1 3HS
Incorporated 10/12/2002

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 07/06/2025

Due 21/06/2026

On track

Industry

32120
Manufacture of jewellery and related articles

Officers

Mr Stewart John Nugus

secretary · Since 20/12/2002

DIRECTOR

BRITISH · UNITED KINGDOM · Age 63

Also on 7 other boards

Mr Stewart John Nugus

director · Since 20/12/2002

DIRECTOR

BRITISH · UNITED KINGDOM · Age 63

Also on 7 other boards

Persons with Significant Control

Mr Stewart John Nugus

75–100% shares
75–100% votes
Appoint directors

British · England · Age 63

109 The Argent Centre, Jewellery Quarter Birmingham, B1 3HS

Notified 06/04/2016

Former PSCs

Mr David Downey

Ceased 21/02/2021

Charges2 outstanding

Charge
outstanding

NUCLEUS CASH FLOW FINANCE6 LIMITED

Created 12/02/2026Registered 19/02/2026
Charge
outstanding

FSE MEIF LP ACTING BY ITS GENERAL PARTNER FSE MEIF GP LTD

Created 22/06/2021Registered 25/06/2021

CompanyRankvs 1197+ SIC 32120 peers
42

Financial strength3th percentile among SIC peers · 1/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1× · 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.

Employees15/15 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

-£88k

Balance sheet strength

Cash

£136k

Cash in the bank

Net Current Assets

-£2k

Working capital

Current Assets

£399k

Current Liabilities

£401k

Fixed Assets

£37k

Debtors

£264k

17avg. employees+2

Tax at Year End

Corp tax£0

Balance Sheet

Assets less current liabilities£36k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20241.00-£39k
20231.00-£3k
20221.43+£47k
20212.04

Derived from filed accounts. Not audited figures.