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Formerglory Developments Limited

10079808

liquidation
Private Limited Company
england wales
Companies House
Insolvency history
Health Score
N/A

Details

1 HARDMAN STREET, MANCHESTER, M3 3HF
Incorporated 23/03/2016

Compliance

Last accounts

30/09/2022

unaudited abridged

Next accounts due

30/06/2024

Overdue

Confirmation statement

Last: 15/03/2023

Due 29/03/2024

Overdue

Industry

41100
Development of building projects

Officers

Mr Ian George Coulter

director · Since 23/03/2016

DEVELOPER

BRITISH · UNITED KINGDOM · Age 54

Mr Jonathan Gareth Gwynne

director · Since 23/03/2016

DEVELOPER

BRITISH · NORTHERN IRELAND · Age 50

Also on 16 other boards

Persons with Significant Control

Lcg Endeavour Limited

75–100% shares

Ridgeway House, Douglas, Isle Of Man, IM99 1PY

Notified 09/05/2016

Charges2 outstanding

Charge
satisfied

ASSETZ CAPITAL TRUST COMPANY LIMITED (AS SECURITY TRUSTEE)

Created 27/04/2018Registered 15/05/2018Satisfied 21/12/2021
Charge
satisfied

ASSETZ CAPITAL TRUST COMPANY LIMITED (AS SECURITY TRUSTEE)

Created 27/04/2018Registered 15/05/2018Satisfied 21/12/2021
Charge
satisfied

LANCASHIRE MORTGAGE CORPORATION LTD

Created 22/07/2016Registered 10/08/2016Satisfied 21/12/2021
Charge
outstanding

LCG LIMITED

Created 09/05/2016Registered 25/05/2016
Charge
outstanding

JONATHAN GARETH GWYNNE AND STEPHEN ROBERT GRAY

Created 09/05/2016Registered 25/05/2016

Insolvency History1 case

compulsory liquidation05/12/2023

The Official Receiver Or Manchester (practitioner) · Gareth Howarth (practitioner)

CompanyRankvs 15+ SIC 41100 peers
7

Financial strengthNo net worth data · 0/25
EmployeesNo employee data · 0/15
LiquidityCurrent ratio 0.04× · 2/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10Insolvency history -10
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How is this score calculated?
Financial strength0/25 pts

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

Employees0/15 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.

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.

Risk deductions

Outstanding charges: -10 pts

Insolvency history: -10 pts

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

Key FinancialsYear ending 30/09/2022

Net Worth

-£2.7M

Balance sheet strength

Cash

£2k

Cash in the bank

Net Current Assets

-£2.7M

Working capital

Current Assets

£118k

Current Liabilities

£2.8M

Fixed Assets

£28

Debtors

£115k

0avg. employees

Balance Sheet

Assets less current liabilities-£2.7M
Prepared with Sage Accounts Production 21.0 - FRS102_2021

EstimatesDerived

YearCurrent RatioImplied Profit
20220.04+£172k
20210.16—

Derived from filed accounts. Not audited figures.