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Mid - Way Developments Limited

05954775

active
Private Limited Company
Companies House
Health Score
69 / 100

Some Concerns

25/30
Filing
10/30
Financial
34/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

MERITOR HOUSE, SHEFFIELD, S4 7YW
Incorporated 03/10/2006

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

41100
Development of building projects

Officers

Mr Jonathan Wesley Wardell

director · Since 03/10/2006

DIRECTOR

BRITISH · ENGLAND · Age 56

Also on 6 other boards

Mrs Dawn Wardell

secretary · Since 09/01/2017

Also on 2 other boards

Mrs Dawn Wardell

director · Since 27/09/2019

DIRECTOR

BRITISH · ENGLAND · Age 55

Also on 2 other boards

Persons with Significant Control

Mr Jonathan Wesley Wardell

25–50% shares
25–50% votes

British · England · Age 56

Meritor House, Foley Street, Sheffield, S4 7YW

Notified 06/04/2016

Mrs Dawn Wardell

25–50% shares
25–50% votes

British · England · Age 55

Meritor House, Foley Street, Sheffield, S4 7YW

Notified 06/04/2016

Charges3 outstanding

Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 21/12/2017Registered 27/12/2017
charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 23/12/2011Registered 24/12/2011
charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 31/07/2009Registered 04/08/2009

CompanyRankvs 12364+ SIC 41100 peers
59

Financial strength86th percentile among SIC peers · 22/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.31× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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12364Mid - Way Developments Limited
69
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.

Employees15/15 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 30/09/2024

Net Worth

£266k

Balance sheet strength

Cash

£4k

Cash in the bank

Net Current Assets

-£332k

Working capital

Current Assets

£147k

Current Liabilities

£479k

Fixed Assets

£1.0M

Debtors

£144k

13avg. employees

Tax at Year End(2022)

Corp tax£15k

Balance Sheet

Assets less current liabilities£712k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20240.31-£47k
2023—-£2k
20220.74+£90k
20210.77-£138k
20201.10+£2k
20190.57+£144k
20180.66—

Derived from filed accounts. Not audited figures.