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Brac Developments Limited

07061110

active
Private Limited Company
Companies House
Health Score
59 / 100

Notable Risks

25/30
Filing
0/30
Financial
34/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

98 HORNCHURCH ROAD, HORNCHURCH, RM11 1JS
Incorporated 29/10/2009

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

41100
Development of building projects
43390
Other building completion and finishing
43999
Specialised construction activities

Officers

Mr Lee Anthony Bradley

director · Since 29/10/2009

NONE

BRITISH · ENGLAND · Age 61

Also on 4 other boards

Mr Adam James Clark

director · Since 29/10/2009

NONE

BRITISH · ENGLAND · Age 62

Also on 6 other boards

Persons with Significant Control

Mr Adam James Clark

25–50% votes
Appoint directors

British · England · Age 62

67 Hill Avenue, Wickford, SS11 8LH

Notified 01/07/2016

Mr Lee Anthony Bradley

25–50% votes
Appoint directors

British · England · Age 61

Willow Cottage, 61 Station Road, Southminster, CM0 7EW

Notified 01/07/2016

Charges3 outstanding

Charge
outstanding

UNITED TRUST BANK LIMITED

Created 21/08/2020Registered 28/08/2020
Charge
outstanding

UNITED TRUST BANK LIMITED

Created 21/08/2020Registered 28/08/2020
Charge
outstanding

UNITED TRUST BANK LIMITED

Created 21/08/2020Registered 28/08/2020

CompanyRankvs 60131+ SIC 41100 peers
30

Financial strength16th percentile among SIC peers · 4/25
Employees0th percentile among SIC peers · 0/15
LiquidityCurrent ratio 0.64× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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60131Brac Developments Limited
36
How is this score calculated?
Financial strength4/25 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.

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 31/10/2024

Net Worth

-£8k

Balance sheet strength

Cash

£1k

Cash in the bank

Net Current Assets

-£8k

Working capital

Current Assets

£13k

Current Liabilities

£21k

Debtors

£12k

Balance Sheet

Assets less current liabilities-£8k
Signed by Mr A J Clark 22/07/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent Ratio
20240.64
20230.82
20221.02
20210.95
20200.82
20190.87
20180.90

Derived from filed accounts. Not audited figures.