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Norfad Developments Ltd

08728041

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

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

Details

65 LONG ROW, SOUTH SHIELDS, NE33 1JA
Incorporated 11/10/2013

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

41100
Development of building projects
55900
Other accommodation
68100
Buying and selling of own real estate

Officers

Mr Norman Fada

director · Since 11/10/2013

DIRECTOR

BRITISH · ENGLAND · Age 60

Mrs Sara Louise Fada

director · Since 11/10/2013

DIRECTOR

BRITISH · ENGLAND · Age 51

Persons with Significant Control

Mrs Sara Louise Fada

25–50% shares
25–50% votes

British · England · Age 51

65, Long Row, South Shields, NE33 1JA

Notified 01/07/2016

Mr Norman Fada

25–50% shares
25–50% votes

British · England · Age 60

65, Long Row, South Shields, NE33 1JA

Notified 01/07/2016

CompanyRankvs 3208+ SIC 41100 peers
82

Financial strength94th percentile among SIC peers · 24/25
Employees68th percentile among SIC peers · 10/15
LiquidityCurrent ratio 25.28× · 20/20
Longevity13 years trading (max 15) · 13/15
Filing complianceAll filings up to date · 15/15
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3208Norfad 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.

Employees10/15 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.

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

Key FinancialsYear ending 31/10/2024

Net Worth

£1.0M

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£187k

Working capital

Current Assets

£190k

Current Liabilities

£8k

Fixed Assets

£837k

2avg. employees

Balance Sheet

Assets less current liabilities£1.0M
Prepared with Sage Accounts Production 23.0 - FRS102_2023

EstimatesDerived

YearCurrent RatioImplied Profit
202425.28+£21k
202311.90+£30k
20227.92+£217k
2021—+£234k
20200.14+£306k
20190.40-£6k
20180.58—

Derived from filed accounts. Not audited figures.