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Faddy Development Limited

10052869

active
Private Limited Company
england wales
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)

Details

10 OWERS ROAD, WITHAM, CM8 1FR
Incorporated 09/03/2016

Compliance

Last accounts

31/03/2025

total exemption full

Next accounts due

31/12/2026

On track

Confirmation statement

Last: 26/05/2025

Due 09/06/2026

Overdue

Industry

41100
Development of building projects
68100
Buying and selling of own real estate
68209
Other letting and operating of own or leased real estate
68320
Management of real estate on a fee or contract basis

Officers

Mr Wasiu Olusola Fadahunsi

secretary · Since 09/03/2016

Also on 3 other boards

Mr Wasiu Olusola Fadahunsi

director · Since 09/03/2016

CHARTERED ACCOUNTANT

BRITISH · ENGLAND · Age 59

Also on 3 other boards

Persons with Significant Control

Mr Wasiu Olusola Fadahunsi

75–100% shares
75–100% votes

British · England · Age 59

10, Owers Road, Witham, CM8 1FR

Notified 06/04/2016

Charges0 outstanding

Charge
satisfied

AVAMORE CAPITAL BRIDGING LIMITED WITH COMPANY NUMBER 10644208

Created 07/10/2022Registered 12/10/2022Satisfied 01/03/2024

CompanyRankvs 7409+ SIC 41100 peers
75

Financial strength90th percentile among SIC peers · 23/25
Employees46th percentile among SIC peers · 7/15
LiquidityCurrent ratio 7.36× · 20/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength23/25 pts

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

Employees7/15 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.

Longevity10/15 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 31/03/2025

Net Worth

£507k

Balance sheet strength

Cash

£17

Cash in the bank

Net Current Assets

£219k

Working capital

Current Assets

£219k

Current Liabilities

£30k

Fixed Assets

£318k

1avg. employees

Director Loans

Company owes directors£15k

Balance Sheet

Assets less current liabilities£537k
Signed by Mr Wasiu Fadahunsi 30/12/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20257.36+£239k
2024-£41k
20231.94+£39k
20226.88+£13k
20216.12

Derived from filed accounts. Not audited figures.