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Mcglinchey Developments Limited

10643174

active
Private Limited Company
Companies House
Health Score
73 / 100

Some Concerns

25/30
Filing
10/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

28 DELAWARE ROAD, COVENTRY, CV3 6LX
Incorporated 28/02/2017

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68209
Other letting and operating of own or leased real estate
68320
Management of real estate on a fee or contract basis

Officers

Mr Owen Mcglinchey

director · Since 28/02/2017

PROPERTY DEVELOPER

BRITISH · ENGLAND · Age 51

Also on 1 other board

Mrs Stacy Mcglinchey

director · Since 28/02/2017

STUDENT

BRITISH · ENGLAND · Age 48

Also on 2 other boards

Persons with Significant Control

Mr Owen Mcglinchey

25–50% shares

British · England · Age 51

28, Delaware Road, Coventry, CV3 6LX

Notified 28/02/2017

Mrs Stacy Mcglinchey

25–50% shares

British · England · Age 48

28, Delaware Road, Coventry, CV3 6LX

Notified 28/02/2017

Charges1 outstanding

Charge
outstanding

PARAGON BANK PLC

Created 17/10/2018Registered 17/10/2018

CompanyRankvs 113803+ SIC 68209 peers
40

Financial strength60th percentile among SIC peers · 15/25
Employees57th percentile among SIC peers · 9/15
LiquidityCurrent ratio 0.01× · 2/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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113803Mcglinchey Developments Limited
50
How is this score calculated?
Financial strength15/25 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.

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.

Longevity9/15 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 31/08/2024

Net Worth

£12k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£48k

Working capital

Current Assets

£425

Current Liabilities

£48k

Fixed Assets

£202k

1avg. employees

Balance Sheet

Assets less current liabilities£153k
Prepared with Sage Accounts Production 23.0 - FRS102_2023

EstimatesDerived

YearCurrent RatioImplied Profit
20240.01+£6k
20230.06+£1k
20220.07-£2k
20210.13—
20200.48—
20190.41—

Derived from filed accounts. Not audited figures.