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Northern Developments Limited

10503962

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
10/30
Financial
30/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 11 outstanding charges (-10)

Details

573 CHESTER ROAD, SUTTON COLDFIELD, B73 5HU
Incorporated 30/11/2016

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

Officers

Mr Cemal Hamit

director · Since 30/11/2016

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 41

Also on 9 other boards

Persons with Significant Control

Mr Cemal Hamit

75–100% shares

British · England · Age 41

573 Chester Road, Sutton Coldfield, B73 5HU

Notified 30/11/2016

Charges11 outstanding

Charge
outstanding

ONESAVINGS BANK PLC

Created 12/11/2019Registered 15/11/2019
Charge
outstanding

ONESAVINGS BANK PLC

Created 11/09/2019Registered 17/09/2019
Charge
outstanding

PARAGON BANK PLC

Created 28/02/2019Registered 28/02/2019
Charge
outstanding

THE MORTGAGE LENDER LIMITED

Created 26/10/2018Registered 30/10/2018
Charge
outstanding

ONESAVINGS BANK PLC

Created 24/09/2018Registered 24/09/2018
Charge
outstanding

PARAGON BANK PLC · PARAGON MORTGAGES (2010) LIMITED

Created 06/07/2018Registered 09/07/2018
Charge
satisfied

BARCLAYS BANK PLC

Created 19/01/2018Registered 02/02/2018Satisfied 24/09/2018
Charge
outstanding

ONE SAVINGS BANK PLC

Created 13/10/2017Registered 30/10/2017
Charge
outstanding

ONESAVINGS BANK PLC

Created 17/10/2017Registered 18/10/2017
Charge
outstanding

ONESAVINGS BANK PLC

Created 05/10/2017Registered 09/10/2017
Charge
outstanding

PARAGON MORTGAGES (2010) LIMITED

Created 06/10/2017Registered 09/10/2017
Charge
outstanding

ONESAVINGS BANK PLC

Created 04/10/2017Registered 04/10/2017
Charge
satisfied

BARCLAYS BANK PLC

Created 28/07/2017Registered 02/08/2017Satisfied 27/09/2017

CompanyRankvs 33281+ SIC 68100 peers
54

Financial strength97th percentile among SIC peers · 24/25
Employees60th percentile among SIC peers · 9/15
LiquidityCurrent ratio 0.87× · 6/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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33281Northern Developments Limited
59
How is this score calculated?
Financial strength24/25 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.

Liquidity6/20 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 26/11/2024

Net Worth

£1.3M

Balance sheet strength

Cash

£1k

Cash in the bank

Net Current Assets

-£47k

Working capital

Current Assets

£314k

Current Liabilities

£361k

Fixed Assets

£3.0M

Debtors

£313k

Profit After Tax

-£76k

1avg. employees

Tax at Year End

Corp tax£35k
Dividends paid£90k

Balance Sheet

Assets less current liabilities£3.0M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.87-£139k
20231.05+£84k
20220.92+£212k
20210.81+£228k
20200.59+£275k
20190.40+£729k
20180.39—

Derived from filed accounts. Not audited figures.