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Goldace Developments Ltd

05580952

active
Private Limited Company
england wales
Companies House
Health Score
81 / 100

Healthy

25/30
Filing
20/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • 2 outstanding charges (-4)

Details

352B GREEN LANE, ILFORD, IG3 9JS
Incorporated 03/10/2005

Compliance

Last accounts

31/10/2024

total exemption full

Next accounts due

31/07/2026

On track

Confirmation statement

Last: 03/10/2025

Due 17/10/2026

On track

Industry

41100
Development of building projects

Officers

Mr Abbas Zahoor

director · Since 29/11/2005

DIRECTOR

BRITISH · ENGLAND · Age 51

Also on 4 other boards

Idris Zahoor

director · Since 29/11/2005

DIRECTOR

BRITISH · UNITED KINGDOM · Age 46

Also on 4 other boards

Persons with Significant Control

Mr Abbas Zahoor

25–50% shares

British · United Kingdom · Age 51

352b, Green Lane, Ilford, IG3 9JS

Notified 30/06/2016

Mr Idris Zahoor

25–50% shares

British · United Kingdom · Age 46

352b, Green Lane, Ilford, IG3 9JS

Notified 30/06/2016

Charges2 outstanding

Charge
outstanding

PARAGON BANK PLC

Created 15/10/2020Registered 19/10/2020
charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 31/01/2006Registered 10/02/2006

CompanyRankvs 9604+ SIC 41100 peers
62

Financial strength87th percentile among SIC peers · 22/25
Employees0th percentile among SIC peers · 0/15
LiquidityCurrent ratio 18.43× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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9604Goldace Developments Ltd
72
How is this score calculated?
Financial strength22/25 pts

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

Employees0/15 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

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

£301k

Balance sheet strength

Cash

£78k

Cash in the bank

Net Current Assets

£219k

Working capital

Current Assets

£231k

Current Liabilities

£13k

Fixed Assets

£1.1M

Debtors

£153k

Tax at Year End(2018)

Corp tax£14k

Balance Sheet

Assets less current liabilities£1.3M
Signed by Mr Idris Zahoor 04/03/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
202418.43+£23k
202319.85+£27k
202219.02+£22k
202110.41+£25k
20209.48+£26k
201911.97+£20k
20185.08—

Derived from filed accounts. Not audited figures.