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Driftstone Developments Limited

08658131

active
Private Limited Company
Companies House
Health Score
71 / 100

Some Concerns

25/30
Filing
10/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

DRIFTSTONE MANOR MIDDLE WAY, EAST PRESTON, BN16 1SB
Incorporated 20/08/2013

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

41202
Construction of domestic buildings

Officers

Mr Roland Peter Lewis

director · Since 20/08/2013

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 75

Also on 86 other boards

Stuart Charles Wright

director · Since 22/10/2020

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 62

Also on 14 other boards

Persons with Significant Control

Speed Group (Holdings) Ltd

75–100% shares

Driftstone Manor, Middle Way, Littlehampton, BN16 1SB

Notified 06/04/2016

Former PSCs

Mr Roland Peter Lewis

Ceased 06/04/2016

Charges2 outstanding

Charge
outstanding

SPEED GROUP (HOLDINGS) LIMITED

Created 21/01/2015Registered 06/02/2015
charge
outstanding

THE SECRETARY OF STATE FOR DEFENCE

Created 01/12/2010Registered 28/02/2014

CompanyRankvs 33852+ SIC 41202 peers
43

Financial strength27th percentile among SIC peers · 7/25
Employees82th percentile among SIC peers · 12/15
LiquidityCurrent ratio 0.91× · 6/20
Longevity13 years trading (max 15) · 13/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength7/25 pts

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

Employees12/15 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.

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 31/08/2024

Net Worth

£2

Balance sheet strength

Cash

£205

Cash in the bank

Net Current Assets

-£1.2M

Working capital

Current Assets

£12.4M

Current Liabilities

£13.6M

Fixed Assets

£80k

Debtors

£3.0M

3avg. employees

Balance Sheet

Assets less current liabilities-£1.1M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.91
20230.93
20220.92-£206k
20210.90-£450k
20200.92
20190.99
20180.98

Derived from filed accounts. Not audited figures.