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Faraday Development Limited

05163463

active
Private Limited Company
Companies House
Health Score
68 / 100

Some Concerns

30/30
Filing
0/30
Financial
38/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

UNIT 11 INTERFACE BUSINESS PARK BINCKNOLL LANE, SWINDON, SN4 8SY
Incorporated 25/06/2004

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

41100
Development of building projects
68100
Buying and selling of own real estate
68209
Other letting and operating of own or leased real estate

Officers

Mr David Paul Grant

director · Since 21/02/2025

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 65

Also on 8 other boards

Mr Stephen George Abbley

director · Since 21/10/2025

CHAIRMAN

BRITISH · ENGLAND · Age 69

Persons with Significant Control

Newbury Gateway Limited

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

15 Interface Business Park, Bincknoll Lane, Swindon, SN4 8SY

Reg: 16000716 · Companies House · Limited Company

Notified 25/02/2025

Former PSCs

Mr Duncan Timothy Crook

Ceased 21/02/2025

Mr David Paul Grant

Ceased 25/02/2025

Charges1 outstanding

Charge
outstanding

OAKNORTH BANK PLC AS SECURITY TRUSTEE ON BEHALF OF THE SECURED PARTIES

Created 15/04/2025Registered 17/04/2025
Charge
satisfied

BRIDGECO LIMITED

Created 26/03/2021Registered 31/03/2021Satisfied 24/04/2025
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 21/12/2007Registered 28/12/2007Satisfied 24/04/2025
charge
satisfied

PARSHOTT COMPANY LIMITED

Created 21/12/2007Registered 28/12/2007Satisfied 24/03/2011
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 02/02/2005Registered 18/02/2005Satisfied 24/04/2025
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 31/01/2005Registered 03/02/2005Satisfied 24/04/2025

CompanyRankvs 47954+ SIC 41100 peers
37

Financial strength4th percentile among SIC peers · 1/25
Employees68th percentile among SIC peers · 10/15
LiquidityCurrent ratio 0.96× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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47954Faraday Development Limited
43
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.

Employees10/15 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 28/12/2024

Net Worth

-£213k

Balance sheet strength

Cash

£20k

Cash in the bank

Net Current Assets

-£213k

Working capital

Current Assets

£5.8M

Current Liabilities

£6.0M

Debtors

£29k

2avg. employees

Director Loans(2020)

Company owes directors£49k

Balance Sheet

Assets less current liabilities-£213k
Signed by 2023-12-29Prepared with Companies House

EstimatesDerived

YearCurrent RatioImplied Profit
20240.96+£418k
20231.04+£1.5M
20220.82-£212k
20210.84-£170k
20200.86-£1.7M
20190.77+£0
20180.79—

Derived from filed accounts. Not audited figures.