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Vgm Developments Ltd

09500819

active
Private Limited Company
Companies House
Health Score
60 / 100

Some Concerns

30/30
Filing
0/30
Financial
30/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 8 outstanding charges (-10)

Details

72 BALSDEAN ROAD, BRIGHTON, BN2 6PF
Incorporated 20/03/2015

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68100
Buying and selling of own real estate

Officers

Mr Glen Wayne James Merchant

director · Since 20/03/2015

LANDSCAPER

BRITISH · UNITED KINGDOM · Age 41

Also on 2 other boards

Mrs Victoria Gemma Merchant

director · Since 19/03/2018

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 43

Persons with Significant Control

Mr Glen Wayne James Merchant

25–50% shares
25–50% votes

British · United Kingdom · Age 41

The Homestead, Cuckmere Road, Newhaven, BN9 9UA

Notified 06/04/2016

Mrs Victoria Gemma Merchant

25–50% shares
25–50% votes

British · England · Age 43

The Homestead, Cuckmere Road, Newhaven, BN9 9UA

Notified 06/04/2016

Charges8 outstanding

Charge
outstanding

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LENDINVEST BTL LIMITED

Created 07/12/2021Registered 07/12/2021
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CHARTER COURT FINANCIAL SERVICES LIMITED

Created 21/06/2019Registered 24/06/2019
Charge
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BELMONT GREEN FINANCE LIMITED

Created 20/04/2018Registered 26/04/2018
Charge
outstanding

BELMONT GREEN FINANCE LIMITED

Created 20/04/2018Registered 24/04/2018
Charge
outstanding

BELMONT GREEN FINANCE LIMITED

Created 13/10/2017Registered 13/10/2017
Charge
outstanding

BELMONT GREEN FINANCE LIMITED

Created 13/10/2017Registered 13/10/2017

CompanyRankvs 88678+ SIC 68100 peers
32

Financial strength7th percentile among SIC peers · 2/25
Employees81th percentile among SIC peers · 12/15
LiquidityCurrent ratio 0.45× · 2/20
Longevity11 years trading (max 15) · 11/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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88678Vgm Developments Ltd
42
How is this score calculated?
Financial strength2/25 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.

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.

Longevity11/15 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

-£51k

Balance sheet strength

Cash

£15k

Cash in the bank

Net Current Assets

-£454k

Working capital

Current Assets

£378k

Current Liabilities

£832k

Debtors

£363k

2avg. employees

Tax at Year End

Corp tax£2k

Balance Sheet

Assets less current liabilities£534k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.45+£0
20250.45-£27k
20241.49-£28k
20231.69+£734
20221.63-£20k
20211.27-£2k
20201.22-£30k
20191.03—

Derived from filed accounts. Not audited figures.