Fondare Developments Limited
10816356
Some Concerns
- Current liabilities exceed current assets (-10)
- 2 outstanding charges (-4)
Details
Compliance
Last accounts
31/03/2025
total exemption full
Next accounts due
31/12/2026
Confirmation statement
Last: 04/02/2026
Due 18/02/2027
Industry
Officers
director · Since 13/06/2017
PROPERTY DEVELOPERS
ENGLISH · UNITED KINGDOM · Age 35
Also on 1 other board
director · Since 13/06/2017
PROPERTY DEVELOPERS
BRITISH · ENGLAND · Age 60
Also on 18 other boards
Persons with Significant Control
Mr Michael John Lear
British · England · Age 60
Fordlands, Crowhurst Road, Catsfield, TN33 9BT
Notified 04/02/2020
Former PSCs
Mr Byron Michael William Lear
Ceased 04/02/2020
Charges2 outstanding
REDWOOD BANK LIMITED (COMPANY NUMBER: 09872265)
REDWOOD BANK LIMITED (COMPANY NUMBER:09872265)
PARAGON DEVELOPMENT FINANCE LIMITED
PARAGON DEVELOPMENT FINANCE LIMITED
PIVOT LENDING NO.4 LIMITED
PIVOT LENDING NO.4 LTD
CompanyRankvs 46791+ SIC 41100 peers39
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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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/03/2025
Net Worth
£100
Balance sheet strength
Cash
£8k
Cash in the bank
Net Current Assets
-£5k
Working capital
Current Assets
£2.7M
Current Liabilities
£2.7M
Debtors
£272k
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2025 | 1.00 |
| 2025 | 1.00 |
| 2024 | 1.00 |
| 2023 | 1.00 |
| 2022 | 1.00 |
| 2021 | 1.00 |
| 2020 | 1.00 |
| 2019 | 1.73 |
| 2018 | 1.00 |
Derived from filed accounts. Not audited figures.