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Develop Group Ltd

07676726

active
Private Limited Company
Companies House
Health Score
86 / 100

Healthy

30/30
Filing
20/30
Financial
36/40
Risk
  • 2 outstanding charges (-4)

Details

FIG FLEX 4TH FLOOR, LONDON, EC4N 7BP
Incorporated 21/06/2011

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62020
Information technology consultancy activities

Officers

Mr Joey Tait

director · Since 21/06/2011

DIRECTOR

BRITISH · ENGLAND · Age 42

Mr Kevin Mark Hammond

director · Since 11/07/2012

DIRECTOR

BRITISH · ENGLAND · Age 42

Also on 1 other board

Persons with Significant Control

Mr Kevin Mark Hammond

25–50% shares
25–50% votes

British · England · Age 42

Fig Flex, 4th Floor, London, EC4N 7BP

Notified 22/06/2016

Mr Joseph Alexander Tait

25–50% shares
25–50% votes

British · England · Age 42

Fig Flex, 4th Floor, London, EC4N 7BP

Notified 22/06/2016

Former PSCs

Mr Martin James Hartley

Ceased 14/02/2020

Charges2 outstanding

Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 05/08/2025Registered 11/08/2025
Charge
outstanding

RBS INVOICE FINANCE LTD

Created 24/02/2023Registered 13/03/2023
Charge
satisfied

NATIONAL WESTMINSTER BANK PUBLIC LIMITED COMPANY

Created 26/07/2019Registered 15/08/2019Satisfied 14/08/2025

CompanyRankvs 3719+ SIC 62020 peers
72

Financial strength98th percentile among SIC peers · 25/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.44× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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3719Develop Group Ltd
82
How is this score calculated?
Financial strength25/25 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.

Liquidity12/20 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 31/03/2025

Net Worth

£749k

Balance sheet strength

Cash

£694k

Cash in the bank

Net Current Assets

£725k

Working capital

Current Assets

£2.4M

Current Liabilities

£1.6M

Fixed Assets

£58k

Debtors

£1.7M

24avg. employees-6

Tax at Year End(2021)

Corp tax£56k

Balance Sheet

Intangible assets£8k
Assets less current liabilities£783k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20251.44-£408k
20241.90-£373k
20232.25+£974k
20212.05-£413k
20202.17-£117k
20192.45+£142k
20182.49—

Derived from filed accounts. Not audited figures.