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Redwater Developments Limited

06713318

active
Private Limited Company
Companies House
Health Score
60 / 100

Some Concerns

30/30
Filing
0/30
Financial
30/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 6 outstanding charges (-10)

Details

THE BARN 232 CHADDOCK LANE, MANCHESTER, M28 1DN
Incorporated 02/10/2008

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

41100
Development of building projects

Officers

Mr Neil Wilson Cartwright

secretary · Since 02/10/2008

BRITISH · UNITED KINGDOM · Age 60

Also on 33 other boards

Mr Neil Wilson Cartwright

director · Since 02/10/2008

DIRECTOR

BRITISH · ENGLAND · Age 60

Also on 33 other boards

Mr Sean Francis Mccaul

director · Since 02/10/2008

DIRECTOR

BRITISH · ENGLAND · Age 59

Persons with Significant Control

Mr Neil Wilson Cartwright

25–50% shares
25–50% votes
Appoint directors

British · England · Age 60

The Barn, 232 Chaddock Lane, Manchester, M28 1DN

Notified 06/04/2016

Mr Sean Francis Mccaul

25–50% shares
25–50% votes
Appoint directors

British · England · Age 59

The Barn, 232 Chaddock Lane, Manchester, M28 1DN

Notified 06/04/2016

Charges6 outstanding

Charge
outstanding

GREAT PLACES HOUSING ASSOCIATION

Created 23/12/2022Registered 03/01/2023
Charge
outstanding

GREAT PLACES HOUSING ASSOCIATION

Created 23/12/2022Registered 03/01/2023
Charge
outstanding

GOLDENTREE FINANCIAL SERVICES PLC

Created 06/03/2018Registered 12/03/2018
Charge
outstanding

GOLDENTREE FINANCIAL SERVICES PLC

Created 14/07/2017Registered 21/07/2017
Charge
outstanding

GOLDENTREE FINANCIAL SERVICES PLC

Created 16/12/2015Registered 23/12/2015
Charge
outstanding

GOLDENTREE FINANCIAL SERVICES PLC

Created 16/12/2015Registered 23/12/2015
Charge
satisfied

YORKSHIRE PROPERTY FINANCE LIMITED

Created 06/03/2015Registered 07/03/2015Satisfied 07/05/2016
charge
satisfied

TIMEPIECE WATCH REPAIRS LIMITED, RAYOVAC LIMITED

Created 12/03/2013Registered 15/03/2013Satisfied 17/06/2014

CompanyRankvs 43552+ SIC 41100 peers
40

Financial strength1th percentile among SIC peers · 0/25
Employees92th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.58× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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43552Redwater Developments Limited
46
How is this score calculated?
Financial strength0/25 pts

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

Employees14/15 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 31/12/2024

Net Worth

-£1.5M

Balance sheet strength

Cash

£3k

Cash in the bank

Net Current Assets

-£1.5M

Working capital

Current Assets

£2.0M

Current Liabilities

£3.5M

Fixed Assets

£3k

Debtors

£2.0M

4avg. employees-1

Balance Sheet

Bank loans & overdrafts£49k
Assets less current liabilities-£1.5M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.58-£441k
20230.70-£935k
20220.97+£11k
20210.96+£12k
20200.96-£476k
20190.94+£650k
20180.93—

Derived from filed accounts. Not audited figures.