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Freegate Properties Limited

04979038

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
20/30
Financial
30/40
Risk
  • No accounts filed in last 18 months (-5)
  • 7 outstanding charges (-10)

Details

104 FAIRLOP ROAD, LONDON, E11 1BW
Incorporated 28/11/2003

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68209
Other letting and operating of own or leased real estate

Officers

Michelle Laverty

secretary · Since 04/12/2003

BRITISH

Also on 1 other board

Jason Russell Flack

director · Since 04/12/2003

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 52

Also on 2 other boards

Persons with Significant Control

Albar Ventures Limited

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

67, Fladgate Road, Leytonstone, E11 1LX

Reg: 04206657 · Albar Ventures Limited · Ltd

Notified 06/04/2016

Charges7 outstanding

Charge
outstanding

CYNERGY BANK LIMITED

Created 30/01/2023Registered 08/02/2023
Charge
outstanding

CYNERGY BANK LIMITED

Created 30/01/2023Registered 08/02/2023
Charge
outstanding

CYNERGY BANK LIMITED

Created 30/01/2023Registered 08/02/2023
charge
outstanding

AIB GROUP (UK) P.L.C.

Created 27/06/2007Registered 29/06/2007
charge
outstanding

AIB GROUP (UK) P.L.C.

Created 27/06/2007Registered 29/06/2007
charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 02/03/2004Registered 06/03/2004
charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 25/02/2004Registered 03/03/2004

CompanyRankvs 33848+ SIC 68209 peers
59

Financial strength99th percentile among SIC peers · 25/25
Employees77th percentile among SIC peers · 12/15
LiquidityCurrent ratio 0.05× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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10Brightholme Property Company Limited(The)
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33848Freegate Properties Limited
69
How is this score calculated?
Financial strength25/25 pts

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

Employees12/15 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 31/10/2024

Net Worth

£4.9M

Balance sheet strength

Cash

£49k

Cash in the bank

Net Current Assets

-£1.0M

Working capital

Current Assets

£53k

Current Liabilities

£1.1M

Fixed Assets

£9.2M

Debtors

£4k

2avg. employees

Balance Sheet

Assets less current liabilities£8.1M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20240.05-£144k
20230.49—

Derived from filed accounts. Not audited figures.