Torsion Developments Limited
11327247
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 6 outstanding charges (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 24/04/2018
DIRECTOR
BRITISH · ENGLAND · Age 45
Also on 88 other boards
director · Since 07/09/2018
DIRECTOR
BRITISH · UNITED KINGDOM · Age 42
Also on 47 other boards
director · Since 04/04/2019
LEGAL DIRECTOR
BRITISH · ENGLAND · Age 46
Also on 51 other boards
Persons with Significant Control
Mr Daniel Thomas Spencer
British · England · Age 45
1280, Century Way, Leeds, LS15 8ZB
Notified 24/04/2018
Charges6 outstanding
ZORIN AVENUE DEV LENDCO 8 LIMITED
ALO TOWER S.A R.L., ACTING IN RESPECT OF ITS COMPARTMENT 7
ALO TOWER S.A R.L., ACTING IN RESPECT OF ITS COMPARTMENT 7
ALO TOWER S.A R.L., ACTING IN RESPECT OF ITS COMPARTMENT, COMPARTMENT 6
INVESTEC BANK PLC AS SECURITY TRUSTEE FOR THE SECURED PARTIES
PHOENIX ESTATE LIMITED
MASLOW 2 LIMITED
MASLOW 2 LIMITED
ZORIN AVENUE LENDCO 6 LIMITED
WINGREEN LIMITED · AID RELIANCE LTD · NEEDFORSPEED LTD
MASLOW 2 LIMITED
MASLOW 2 LIMITED
ALDERMORE BANK PLC
STATE BANK OF INDIA (UK) LIMITED
STATE BANK OF INDIA (UK) LIMITED
KHALBROS (SAXTON LANE) LIMITED
BEAUFORT VENTURES II (JERSEY) LIMITED
ALDERMORE BANK PLC
BEAUFORT VENTURES II (JERSEY) LIMITED
BEAUFORT VENTURES II (JERSEY) LIMITED
BEAUFORT VENTURES II (JERSEY) LIMITED
CompanyRankvs 163070+ SIC 41100 peers45
Show leaderboard
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
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to
Key FinancialsYear ending 31/12/2024
Net Worth
£17.7M
Balance sheet strength
Cash
£3.4M
Cash in the bank
Profit Before Tax
£7.2M
Bottom line earnings
Net Current Assets
-£20.9M
Working capital
Current Assets
£12.4M
Current Liabilities
£33.2M
Fixed Assets
£38.7M
Debtors
£8.9M
Admin Expenses
£1.2M
Profit After Tax
£7.2M
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.37 | +£6.8M |
| 2023 | 1.07 | +£2.6M |
| 2022 | 0.77 | +£83k |
| 2021 | 0.99 | +£6.2M |
| 2020 | 1.09 | — |
Derived from filed accounts. Not audited figures.