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Promise Development Limited

05168308

active
Private Limited Company
Companies House
Health Score
85 / 100

Healthy

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

Details

OLD SCHOOL HOUSE, MORPETH, NE65 9RR
Incorporated 01/07/2004

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

70229
Management consultancy activities

Officers

Mrs Stephanie Butland

director · Since 01/07/2004

TRAINER

BRITISH · UNITED KINGDOM · Age 55

Persons with Significant Control

Mrs Stephanie Butland

25–50% shares

British · United Kingdom · Age 55

Old School House, South Broomhill, Morpeth, NE65 9RR

Notified 03/07/2016

Former PSCs

Mr Alan Paul Butland

Ceased 18/05/2026

CompanyRankvs 89310+ SIC 70229 peers
52

Financial strength30th percentile among SIC peers · 8/25
Employees13th percentile among SIC peers · 2/15
LiquidityCurrent ratio 1.12× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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89310Promise Development Limited
52
How is this score calculated?
Financial strength8/25 pts

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

Employees2/15 pts

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

Liquidity12/20 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.

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

£60

Balance sheet strength

Cash

£4

Cash in the bank

Net Current Assets

£647

Working capital

Current Assets

£6k

Current Liabilities

£6k

Fixed Assets

£1

Debtors

£6k

0avg. employees

Balance Sheet

Assets less current liabilities£648
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20241.12
20231.22
20221.23
20211.68

Derived from filed accounts. Not audited figures.