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Ffrind Developments Limited

10510403

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

THE BUSINESS PARK, MERTHYR TYDFIL, CF48 4TQ
Incorporated 05/12/2016

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

41202
Construction of domestic buildings

Officers

Mr Philip Gareth Mitchem

director · Since 05/12/2016

DIRECTOR

BRITISH · WALES · Age 50

Also on 2 other boards

Mr Jamie Watkins

director · Since 01/03/2017

IT SPECIALIST

BRITISH · WALES · Age 50

Also on 3 other boards

Ms Natalie Rachel Caniff

director · Since 10/12/2018

DIRECTOR

BRITISH · UNITED KINGDOM · Age 51

Also on 1 other board

Mrs Frances Watkins

director · Since 10/12/2018

PROMOTER

BRITISH · WALES · Age 52

Persons with Significant Control

Mr Phillip Garth Mitchem

25–50% shares

British · United Kingdom · Age 50

The Business Park, Triangle Business Centre, Merthyr Tydfil, CF48 4TQ

Notified 05/12/2016

Blue Sky Equity Limited

25–50% shares

The Exchange, Fiveways, Llandrindod Wells, LD1 5HG

Reg: 10662878 · England And Wales · Private Company Limited By Shares

Notified 29/11/2021

Former PSCs

Mr Jamie Watkins

Ceased 29/11/2021

Charges0 outstanding

Charge
satisfied

CALUM RODERICK GRAHAM · CAROLINE EDWARDS · PHILIP GARETH MITCHUM

Created 22/08/2017Registered 06/09/2017Satisfied 07/12/2019

CompanyRankvs 43404+ SIC 41202 peers
41

Financial strength3th percentile among SIC peers · 1/25
Employees89th percentile among SIC peers · 13/15
LiquidityCurrent ratio 0.06× · 2/20
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 strength1/25 pts

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

Employees13/15 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.

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

Key FinancialsYear ending 31/12/2024

Net Worth

-£90k

Balance sheet strength

Cash

£3k

Cash in the bank

Net Current Assets

-£90k

Working capital

Current Assets

£6k

Current Liabilities

£96k

Fixed Assets

£0

Debtors

£2k

4avg. employees

Balance Sheet

Bank loans & overdrafts£0
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20240.06-£72k
20231.00-£22k
20221.10+£14k
20211.11

Derived from filed accounts. Not audited figures.