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Meldrum Developments Ltd

09912657

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

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

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

41100
Development of building projects

Officers

Mr David Martin Meldrum

director · Since 11/12/2015

CIVIL ENGINEER

BRITISH · UNITED KINGDOM · Age 63

Also on 14 other boards

Mr David Thomas Finnigan

director · Since 08/01/2026

BRITISH · ENGLAND · Age 65

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 · Age 63

Pantheon Building, Lancaster Road, Gateshead, NE11 9JW

Notified 10/12/2016

CompanyRankvs 71606+ SIC 41100 peers
21

Financial strength3th percentile among SIC peers · 1/25
Employees15th percentile among SIC peers · 2/15
LiquidityCurrent ratio 0.01× · 2/20
Longevity11 years trading (max 15) · 11/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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71606Meldrum 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

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

Going Concern Doubt

Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006 . 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

Key FinancialsYear ending 31/12/2023

Net Worth

-£299k

Balance sheet strength

Cash

£3k

Cash in the bank

Net Current Assets

-£498k

Working capital

Current Assets

£3k

Current Liabilities

£502k

Fixed Assets

£199k

Debtors

£200

0avg. employees

Balance Sheet

Intangible assets£68k
Assets less current liabilities-£299k
Prepared with Caseware UK (AP4) 2023.0.135

EstimatesDerived

YearCurrent RatioImplied Profit
20230.01-£5k
20210.07-£9k
20200.09—

Derived from filed accounts. Not audited figures.