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Lag Development Ltd

09399488

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

12 CASTLETOWN, PORTLAND, DT5 1BD
Incorporated 21/01/2015

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

56302
Public houses and bars

Officers

Miss Laura Fay Mcgrath

director · Since 21/01/2015

RECEPTIONIST

BRITISH · ENGLAND · Age 35

Mr Alex William Mcgrath

director · Since 28/01/2015

BUILDER

BRITISH · ENGLAND · Age 40

Mr Colin Lesley Thomas

director · Since 28/01/2015

BUILDER

BRITISH · ENGLAND · Age 68

CompanyRankvs 7134+ SIC 56302 peers
56

Financial strength83th percentile among SIC peers · 21/25
Employees41th percentile among SIC peers · 6/15
LiquidityCurrent ratio 0.29× · 2/20
Longevity12 years trading (max 15) · 12/15
Filing complianceAll filings up to date · 15/15
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7134Lag Development Ltd
55
How is this score calculated?
Financial strength21/25 pts

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

Employees6/15 pts

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

Liquidity2/20 pts

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

Longevity12/15 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 31/01/2025

Net Worth

£67k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£65k

Working capital

Current Assets

£27k

Current Liabilities

£93k

Fixed Assets

£148k

3avg. employees

Balance Sheet

Assets less current liabilities£83k
Prepared with Taxfiler

EstimatesDerived

YearCurrent RatioImplied Profit
20250.29-£530
20240.61+£17k
20230.51—

Derived from filed accounts. Not audited figures.