Lolworth Developments Ltd
11263054
Some Concerns
- 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)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 13/05/2021
DEVELOPMENT DIRECTOR
BRITISH · ENGLAND · Age 69
Also on 1 other board
director · Since 12/04/2022
DIRECTOR
BRITISH · ENGLAND · Age 60
Also on 2 other boards
Persons with Significant Control
Salhia Real Estate Co. Ksc
Salhia Complex, Mohammad Thunayan Al-Ghanim St, Safat, 13O95
Reg: 21250 · Kuwait · Private Company
Notified 19/03/2018
Former PSCs
Simons Developments Limited
Ceased 24/12/2019
Simons Developments Limited
Ceased 12/05/2021
Charges1 outstanding
SALHIA REAL ESTATE CO. KSC AS SECURITY TRUSTEE
CompanyRankvs 73142+ SIC 68100 peers26
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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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
to continue as a going concern. The company is reliant upon Salhia Real Estate Company K.S.C.P., the company's parent undertaking, to provide continuing financial support to the company, for at least twelve months after the d
Key FinancialsYear ending 30/11/2024
Net Worth
-£1.5M
Balance sheet strength
Cash
£179k
Cash in the bank
Net Current Assets
£1.9M
Working capital
Current Assets
£1.9M
Current Liabilities
£38k
Debtors
£6k
Admin Expenses
£174k
Profit After Tax
-£483k
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 51.21 | -£483k |
| 2023 | 13.97 | -£292k |
| 2022 | 8.90 | -£262k |
| 2021 | 8.37 | -£174k |
| 2020 | 0.80 | — |
Derived from filed accounts. Not audited figures.