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Meldrum Developments Ltd

09912657

active
Private Limited Company
england wales
Companies House
Health Score
66 / 100

Some Concerns

30/30
Filing
0/30
Financial
36/40
Risk
  • Negative net worth (-10)
  • Going concern doubt noted in accounts (-10)
  • 2 outstanding charges (-4)

Details

PANTHEON BUILDING LANCASTER ROAD, GATESHEAD, NE11 9JW
Incorporated 11/12/2015

Compliance

Last accounts

31/12/2025

total exemption full

Next accounts due

30/09/2027

On track

Confirmation statement

Last: 09/12/2025

Due 23/12/2026

On track

Industry

41100
Development of building projects

Officers

Mr David Martin Meldrum

director · Since 11/12/2015

CIVIL ENGINEER

BRITISH · UNITED KINGDOM

Also on 14 other boards

Mr David Thomas Finnigan

director · Since 08/01/2026

BRITISH · ENGLAND

Also on 8 other boards

Persons with Significant Control

Mr David Martin Meldrum

75–100% shares
75–100% votes
right-to-appoint-and-remove-directors-as-firm
significant-influence-or-control-as-firm

British · England

Notified 10/12/2016

Charges2 outstanding

A registered charge
outstanding

HSBC UK BANK PLC

Created 02/10/2026Registered 06/10/2026
A registered charge
outstanding

Hsbc UK Bank PLC

A fixed and floating charge over all assets.

Created 24/07/2026Registered 28/07/2026

CompanyRankvs 71536+ SIC 41100 peers
11

Financial strength3th percentile among SIC peers · 1/25
Employees15th percentile among SIC peers · 2/15
LiquidityCurrent ratio 0.11× · 2/20
Longevity11 years trading (max 15) · 11/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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71536Meldrum Developments Ltd
30
How is this score calculated?
Financial strength1/25 pts

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

Employees2/15 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

Going concern doubt: -10 pts

Outstanding charges: -10 pts

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

Going Concern Doubt

of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied: 2.2 Going concern The company has net current liabilities due to amounts owed to related parties which will not require repayment if this will jeopardise the company's ability to continue as a going concern. For t

Key FinancialsYear ending 31/12/2025

Net Worth

-£302k

Balance sheet strength

Cash

£706

Cash in the bank

Net Current Assets

-£1.2M

Working capital

Current Assets

£157k

Current Liabilities

£1.4M

Fixed Assets

£918k

Debtors

£157k

0avg. employees

Balance Sheet

Assets less current liabilities-£302k
Prepared with Caseware UK (AP4) 2025.0.111

EstimatesDerived

YearCurrent RatioImplied Profit
20250.11-£3k
20230.01—

Derived from filed accounts. Not audited figures.