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Kore Developments Ltd

10757923

active
Private Limited Company
Companies House
Health Score
74 / 100

Some Concerns

30/30
Filing
10/30
Financial
34/40
Risk
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

80 TURNER ROAD, EDGWARE, HA8 6BH
Incorporated 08/05/2017

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 Kevin Mcfadden

director · Since 08/05/2017

ELECTRICIAN

IRISH · UNITED KINGDOM · Age 36

Mr James Edward Mcfadden

director · Since 06/04/2022

BUILDER

IRISH · UNITED KINGDOM · Age 66

Also on 3 other boards

Persons with Significant Control

Mr Kevin Mcfadden

25–50% shares
75–100% votes
Appoint directors

Irish · United Kingdom · Age 36

80, Turner Road, Edgware, HA8 6BH

Notified 08/05/2017

Mr James Edward Mcfadden

25–50% shares

Irish · United Kingdom · Age 66

80, Turner Road, Edgware, HA8 6BH

Notified 06/04/2022

Charges3 outstanding

Charge
outstanding

PARAGON BANK PLC

Created 16/05/2025Registered 19/05/2025
Charge
outstanding

PARAGON BANK PLC

Created 20/09/2022Registered 27/09/2022
Charge
outstanding

PARAGON BANK PLC

Created 20/09/2022Registered 21/09/2022

CompanyRankvs 72909+ SIC 68100 peers
36

Financial strength69th percentile among SIC peers · 17/25
Employees19th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.08× · 2/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength17/25 pts

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

Employees3/15 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 31/05/2025

Net Worth

£14k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

-£186k

Working capital

Current Assets

£17k

Current Liabilities

£203k

Fixed Assets

£581k

0avg. employees

Balance Sheet

Assets less current liabilities£395k
Prepared with FreeAgent

EstimatesDerived

YearCurrent RatioImplied Profit
20250.08+£4k
20240.36+£7k
20230.25
20221.00

Derived from filed accounts. Not audited figures.