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Island New Developments Ltd

10789601

active
Private Limited Company
Companies House
Health Score
88 / 100

Healthy

30/30
Filing
20/30
Financial
38/40
Risk
  • 1 outstanding charge (-2)

Details

EAST QUAY KITE HILL, RYDE, PO33 4LA
Incorporated 25/05/2017

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

41100
Development of building projects

Officers

Mr Jeremy Peter Hannan

director · Since 25/05/2017

BUILDER

BRITISH · ENGLAND · Age 59

Also on 3 other boards

Mr Gary Peter Denham

director · Since 01/06/2021

PROPERTY DEVELOPER

BRITISH · UNITED KINGDOM · Age 59

Also on 1 other board

Persons with Significant Control

Jeremy Hannan

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

English · England · Age 59

East Quay, Kite Hill, Ryde, PO33 4LA

Notified 25/05/2017

Mr Gary Peter Denham

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

British · United Kingdom · Age 59

19, Foxhills, Ventnor, PO38 1LX

Notified 01/06/2021

Former PSCs

Georgina Hannan

Ceased 01/06/2021

Charges1 outstanding

Charge
satisfied

LLOYDS BANK PLC

Created 04/07/2023Registered 06/07/2023Satisfied 01/07/2025
Charge
satisfied

LLOYDS BANK PLC

Created 25/07/2019Registered 29/07/2019Satisfied 30/04/2020
Charge
outstanding

LLOYDS BANK PLC

Created 19/07/2019Registered 26/07/2019

CompanyRankvs 26779+ SIC 41100 peers
52

Financial strength80th percentile among SIC peers · 20/25
Employees15th percentile among SIC peers · 2/15
LiquidityCurrent ratio 1.79× · 16/20
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 strength20/25 pts

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

Employees2/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity16/20 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

£103k

Balance sheet strength

Cash

£24k

Cash in the bank

Net Current Assets

£853k

Working capital

Current Assets

£1.9M

Current Liabilities

£1.1M

Debtors

£16k

0avg. employees

Balance Sheet

Assets less current liabilities£853k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20251.79+£8k
20241.81-£119
20231.43-£4k
20223.35-£2k
2021342.72
20201.51
20191.00

Derived from filed accounts. Not audited figures.