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Developmore Ltd

10184585

active
Private Limited Company
Companies House
Health Score
79 / 100

Some Concerns

25/30
Filing
20/30
Financial
34/40
Risk
  • No accounts filed in last 18 months (-5)
  • 3 outstanding charges (-6)

Details

33 MARKET PLACE, HITCHIN, SG5 1DY
Incorporated 17/05/2016

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

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 Satvinder Singh Bains

director · Since 17/05/2016

PROPERTY DEVELOPER

BRITISH · UNITED KINGDOM · Age 55

Also on 5 other boards

Persons with Significant Control

Mr Satvinder Singh Bains

75–100% shares

British · England · Age 55

33, Market Place, Hitchin, SG5 1DY

Notified 17/05/2016

Charges3 outstanding

Charge
outstanding

LLOYDS BANK PLC

Created 11/07/2025Registered 14/07/2025
Charge
outstanding

LLOYDS BANK PLC

Created 28/03/2025Registered 31/03/2025
Charge
satisfied

LLOYDS BANK PLC

Created 28/02/2023Registered 28/02/2023Satisfied 20/12/2024
Charge
satisfied

LLOYDS BANK PLC

Created 18/06/2021Registered 21/06/2021Satisfied 22/08/2022
Charge
satisfied

LLOYDS BANK PLC

Created 01/09/2020Registered 16/09/2020Satisfied 05/09/2022
Charge
outstanding

LLOYDS BANK PLC

Created 27/08/2020Registered 28/08/2020

CompanyRankvs 15234+ SIC 68100 peers
63

Financial strength91th percentile among SIC peers · 23/25
Employees60th percentile among SIC peers · 9/15
LiquidityCurrent ratio 1.59× · 16/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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15234Developmore Ltd
69
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.

Employees9/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity16/20 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

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

Key FinancialsYear ending 31/10/2024

Net Worth

£313k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£315k

Working capital

Current Assets

£844k

Current Liabilities

£529k

Fixed Assets

£4k

1avg. employees+1

Balance Sheet

Assets less current liabilities£319k
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20241.59-£52k
20233.16-£42k
20222.46+£98k
20213.00+£113k
20202.91-£6k
20197.08—
20181.00—

Derived from filed accounts. Not audited figures.