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First Developments Limited

05121902

active
Private Limited Company
england wales
Companies House
Health Score
85 / 100

Healthy

25/30
Filing
20/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)

Details

90 OLDHILL STREET, LONDON, N16 6NA
Incorporated 07/05/2004

Compliance

Last accounts

31/05/2024

medium

Next accounts due

25/05/2026

On track

Confirmation statement

Last: 07/05/2025

Due 21/05/2026

On track

Industry

47250
Retail sale of beverages in specialised stores

CompanyRankvs 105+ SIC 47250 peers
80

Financial strength100th percentile among SIC peers · 25/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 2.34× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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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.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 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

Going concern doubt: -10 pts

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

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co

Key FinancialsYear ending 31/05/2024

Turnover

£15.9M

Annual revenue

Net Worth

£5.2M

Balance sheet strength

Cash

£777k

Cash in the bank

Profit Before Tax

£449k

Bottom line earnings

Net Current Assets

£4.6M

Working capital

Current Assets

£8.1M

Current Liabilities

£3.5M

Fixed Assets

£755k

Debtors

£1.2M

Cost of Sales

£13.2M

Gross Profit

£2.7M

Admin Expenses

£2.2M

Operating Profit

£498k

Profit After Tax

£270k

44avg. employees+4

Tax at Year End

Corp tax£847k

People Costs

Wages & salaries£705k
NI contributions£42k

Balance Sheet

Intangible assets£3k
Assets less current liabilities£5.4M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20242.34+£270k
20232.71—

Derived from filed accounts. Not audited figures.