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Westernway Developments Ltd

07434107

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

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

Details

STAFFORDSHIRE HOUSE, NOTTINGHAM, NG8 3FH
Incorporated 09/11/2010

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

41100
Development of building projects

Officers

Mr Ahad Araghchinchi

director · Since 16/11/2010

DIRECTOR

BRITISH · ENGLAND · Age 70

Also on 1 other board

Persons with Significant Control

Mr Ahad Araghchinchi

Significant control

British · England · Age 70

Staffordshire House, Beechdale Road, Nottingham, NG8 3FH

Notified 06/04/2016

CompanyRankvs 62024+ SIC 41100 peers
39

Financial strength5th percentile among SIC peers · 1/25
Employees15th percentile among SIC peers · 2/15
LiquidityCurrent ratio 0.54× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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62024Westernway Developments Ltd
35
How is this score calculated?
Financial strength1/25 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.

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.

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 30/11/2024

Net Worth

-£127k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£136k

Working capital

Current Assets

£161k

Current Liabilities

£298k

Fixed Assets

£10k

0avg. employees-1

Balance Sheet

Assets less current liabilities-£126k
Prepared with Sage Accounts Production 24.0 - FRS102_2024

EstimatesDerived

YearCurrent RatioImplied Profit
20240.54-£250k
20230.55-£52
20220.54-£4k
20210.53-£15k
20200.47-£22k
20190.39+£15k
20180.44—

Derived from filed accounts. Not audited figures.