Snetterton Commercial Properties Limited
10705116
Some Concerns
- Negative net worth (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
30/09/2025
total exemption full
Next accounts due
30/06/2027
Confirmation statement
Last: 02/04/2026
Due 16/04/2027
Industry
Officers
director · Since 15/06/2017
ACCOUNTS MANAGER
BRITISH · ENGLAND · Age 47
Also on 11 other boards
director · Since 15/06/2017
PROJECT MANAGER
BRITISH · ENGLAND · Age 39
Persons with Significant Control
Mr Joseph Read
British · England · Age 70
18, Langton Place, Bury St Edmunds, IP33 1NE
Notified 03/04/2017
Mrs Louise Claire Read-Farrell
British · England · Age 47
C/O Reads Property Developments, Hopper Way, Diss, IP22 4GT
Notified 04/09/2025
Mrs Carly Michelle Read-Musgrave
British · England · Age 39
C/O Reads Property Developments, Hopper Way, Diss, IP22 4GT
Notified 04/09/2025
Former PSCs
Mr Malcolm Eric Hobbs
Ceased 04/09/2025
Charges0 outstanding
MICHAEL CLIVE MACSWINEY · GLENIS DIANA MACSWINEY · JAMES CLIVE MACSWINEY
Change History
Active
Private Limited Company
C/O READS PROPERTY DEVELOPMENTS
DISS
CompanyRankvs 54381+ SIC 41100 peers29
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention. Going concern In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company
Key FinancialsYear ending 30/09/2025
Net Worth
-£948k
Balance sheet strength
Cash
£1k
Cash in the bank
Net Current Assets
-£4.6M
Working capital
Current Assets
£91k
Current Liabilities
£4.7M
Fixed Assets
£3.7M
Debtors
£89k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.02 | -£259k |
| 2024 | 0.08 | — |
| 2023 | 0.17 | — |
Derived from filed accounts. Not audited figures.