M62 Developments Limited
07925852
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/12/2024
small
Next accounts due
30/09/2026
Confirmation statement
Last: 26/01/2026
Due 09/02/2027
Industry
Officers
secretary · Since 06/12/2012
director · Since 06/12/2012
DIRECTOR
BRITISH · ENGLAND · Age 57
Also on 2 other boards
director · Since 06/12/2012
DIRECTOR
BRITISH · UNITED KINGDOM · Age 81
Also on 58 other boards
director · Since 06/12/2012
DIRECTOR
BRITISH · UNITED KINGDOM · Age 70
Also on 13 other boards
director · Since 29/01/2018
DIRECTOR
BRITISH · UNITED KINGDOM · Age 52
Also on 55 other boards
Persons with Significant Control
Esh Developments Limited
Esh House, Bowburn North Industrial Estate, Durham, DH6 5PF
Reg: England & Wales · England & Wales · Company
Notified 26/01/2017
Vb Turnbull Limited
Esh House, Bowburn North Industrial Estate, Durham, DH6 5PF
Reg: England & Wales · England & Wales · Company
Notified 26/01/2017
CompanyRankvs 134304+ SIC 68100 peers22
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
Limited Notes to the Financial Statements for the Year Ended 31 December 2021 (continued) 7 Audit report The Independent Auditor's Report was unqualified. Material uncertainty relating to going concern We draw attention to note 2 in the financial statements, which state that the financial statements have not been prepared on a going concern basis due to the entity ceasing to trade. The financial s
Key FinancialsYear ending 31/12/2021
Net Worth
-£600k
Balance sheet strength
Cash
£34k
Cash in the bank
Net Current Assets
—
Working capital
Current Assets
—
Current Liabilities
£634k
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2021 | — | -£1k |
| 2020 | 0.06 | -£4k |
| 2019 | 0.12 | -£730k |
| 2018 | 1.20 | — |
Derived from filed accounts. Not audited figures.