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Lonec Property Development Ltd

10424214

active
Private Limited Company
england wales
Companies House
Health Score
62 / 100

Some Concerns

30/30
Filing
0/30
Financial
32/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 4 outstanding charges (-8)

Details

VICTORIA HOUSE, SOUTHEND-ON-SEA, SS1 1BN
Incorporated 12/10/2016

Compliance

Last accounts

31/10/2024

micro entity

Next accounts due

31/07/2026

On track

Confirmation statement

Last: 10/03/2026

Due 24/03/2027

On track

Industry

68100
Buying and selling of own real estate
68209
Other letting and operating of own or leased real estate

Officers

Mr Obinna Christopher Madumere

director · Since 12/10/2016

CONSULTANT

BRITISH · ENGLAND · Age 52

Also on 7 other boards

Persons with Significant Control

Mr Obinna Christopher Madumere

75–100% shares
75–100% votes
Appoint directors

British · England · Age 52

36 Kentlea Road, London, SE28 0JP

Notified 12/10/2016

Charges4 outstanding

Charge
outstanding

PARATUS AMC LIMITED

Created 28/02/2022Registered 11/03/2022
Charge
outstanding

CHARTER COURT FINANCIAL SERVICES LIMITED

Created 11/06/2021Registered 11/06/2021
Charge
outstanding

ONESAVINGS BANK PLC

Created 17/03/2021Registered 17/03/2021
Charge
outstanding

THE BRIDGING GROUP LIMITED

Created 03/03/2021Registered 05/03/2021
Charge
satisfied

TOGETHER COMMERCIAL FINANCE LIMITED

Created 23/07/2020Registered 24/07/2020Satisfied 14/10/2021
Charge
satisfied

TOGETHER COMMERCIAL FINANCE LIMITED

Created 23/07/2020Registered 24/07/2020Satisfied 14/10/2021

CompanyRankvs 46921+ SIC 68100 peers
45

Financial strength4th percentile among SIC peers · 1/25
Employees60th percentile among SIC peers · 9/15
LiquidityCurrent ratio 21.93× · 20/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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46921Lonec Property Development Ltd
54
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.

Employees9/15 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.

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 31/10/2025

Net Worth

-£93k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£141k

Working capital

Current Assets

£148k

Current Liabilities

£7k

Fixed Assets

£586k

1avg. employees

Balance Sheet

Assets less current liabilities£727k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
202521.93+£9k
202416.31+£8k
202319.22—

Derived from filed accounts. Not audited figures.