Back to search

Longway Developments Ltd

10900907

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

HILLBIT HOUSE, MANCHESTER, M40 8AW
Incorporated 04/08/2017

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68209
Other letting and operating of own or leased real estate

Officers

Mr Abdul Ghafoor Podha

director · Since 04/08/2017

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 70

Also on 8 other boards

Persons with Significant Control

Mr Hassan Ghafoor Fahad

25–50% shares
25–50% votes

British · England · Age 37

Hillbit House, New Street, Manchester, M40 8AW

Notified 04/08/2017

Mr Abdul Ghafoor Podha

25–50% shares
25–50% votes

British · United Kingdom · Age 70

Hillbit House, New Street, Manchester, M40 8AW

Notified 04/08/2017

CompanyRankvs 189601+ SIC 68209 peers
29

Financial strength2th percentile among SIC peers · 1/25
Employees77th percentile among SIC peers · 12/15
LiquidityCurrent ratio 0.09× · 2/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
Show leaderboard
1The Lower Norwood Co-Operative Building Company Limited
90
2Liverpool And Chester Property Company Limited
90
3Grange Park Investments Limited
90
4Sherborne Cottage Building Company,Limited(The)
90
5Gaunts Limited
90
6S.E.Redfern Limited
90
7Chisholm & Company (Holdings) Limited
90
8John Horsfall & Sons(Greetland),Limited
90
9British And Foreign Wharf Company Limited(The)
90
10Webb & Son (Combs)Limited
90
189601Longway Developments Ltd
38
How is this score calculated?
Financial strength1/25 pts

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

Employees12/15 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

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 director is aware of certain material uncertainties which may cause doubt on the company's ability to continue as a going concern. The company has net current liabilities and net liabilities at the balance sheet date. In order to continue to trade, the company is reliant upon the support of its Directors and Shareholders. It ha

Key FinancialsYear ending 30/08/2024

Net Worth

-£182k

Balance sheet strength

Cash

£3k

Cash in the bank

Net Current Assets

-£78k

Working capital

Current Assets

£7k

Current Liabilities

£85k

Fixed Assets

£2.6M

Debtors

£4k

2avg. employees

Balance Sheet

Assets less current liabilities£2.6M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20240.09-£49k
20230.06-£55k
20220.05-£18k
20210.30-£22k
20200.48-£4k
201912.40-£20k

Derived from filed accounts. Not audited figures.