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Met Developments Ltd

08401638

active
Private Limited Company
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

1301 LONDON ROAD, LEIGH-ON-SEA, SS9 2AD
Incorporated 13/02/2013

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

41202
Construction of domestic buildings

Officers

Michael Adams

secretary · Since 13/02/2013

Mr Michael Adams

director · Since 13/02/2013

DIRECTOR

BRITISH · ENGLAND · Age 69

Also on 5 other boards

Mr Edward John Miller

director · Since 13/02/2013

DIRECTIOR

BRITISH · ENGLAND · Age 60

Also on 2 other boards

Persons with Significant Control

Mr Edward John Miller

25–50% shares

British · England · Age 60

1301, London Road, Leigh-On-Sea, SS9 2AD

Notified 06/04/2016

Mr Michael Adams

25–50% shares

British · England · Age 69

1301, London Road, Leigh-On-Sea, SS9 2AD

Notified 06/04/2016

Charges1 outstanding

Charge
outstanding

SHAWBROOK BANK LIMITED

Created 16/06/2021Registered 22/06/2021
Charge
satisfied

BARCLAYS BANK PLC

Created 21/02/2017Registered 03/03/2017Satisfied 06/07/2021
Charge
satisfied

BARCLAYS BANK PLC

Created 30/01/2017Registered 06/02/2017Satisfied 06/07/2021
Charge
satisfied

BARCLAYS BANK PLC

Created 25/09/2015Registered 02/10/2015Satisfied 06/07/2021
Charge
satisfied

BARCLAYS BANK PLC

Created 14/09/2015Registered 21/09/2015Satisfied 06/07/2021

CompanyRankvs 2295+ SIC 41202 peers
71

Financial strength97th percentile among SIC peers · 24/25
Employees62th percentile among SIC peers · 9/15
LiquidityCurrent ratio 2.21× · 20/20
Longevity13 years trading (max 15) · 13/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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2295Met Developments Ltd
81
How is this score calculated?
Financial strength24/25 pts

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

Employees9/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity13/15 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

£876k

Balance sheet strength

Cash

£837k

Cash in the bank

Net Current Assets

£798k

Working capital

Current Assets

£1.5M

Current Liabilities

£658k

Fixed Assets

£159k

Debtors

£563k

2avg. employees

Balance Sheet

Intangible assets£39k
Assets less current liabilities£957k
Signed by 08401638 2024-04-01 2025-03-31 08401638 2025-03-31 08401638 bus:OrdinaryShareClass1 2025-03-31 08401638 core:RetainedEarPrepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20252.21+£213k
20241.74+£468k
20231.09-£143k
20222.82-£91k
20211.73—

Derived from filed accounts. Not audited figures.