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Modernistiq Development (1) Ltd

11454268

active
Private Limited Company
Companies House
Health Score
71 / 100

Some Concerns

25/30
Filing
10/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

AVENUE HQ, LEEDS, LS1 2BH
Incorporated 09/07/2018

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68100
Buying and selling of own real estate
68209
Other letting and operating of own or leased real estate

Officers

Mr Steven Wright

director · Since 09/07/2018

COMPANY SECRETARY/DIRECTOR

BRITISH · UNITED KINGDOM · Age 48

Also on 25 other boards

Persons with Significant Control

Modernistiq Group Ltd

75–100% shares

Avenue Hq, 10 - 12 East Parade, Leeds, LS1 2BH

Reg: 11644272 · The Registrar Of Companies For England And Wales · Limited Company

Notified 01/11/2021

Former PSCs

Mr Steven Wright

Ceased 01/11/2021

Charges2 outstanding

Charge
outstanding

REDWOOD BANK LIMITED

Created 10/02/2020Registered 12/02/2020
Charge
outstanding

REDWOOD BANK LIMITED

Created 10/02/2020Registered 12/02/2020
Charge
satisfied

A SHADE GREENER FINANCE LIMITED

Created 11/01/2019Registered 14/01/2019Satisfied 06/03/2020
Charge
satisfied

A SHADE GREENER FINANCE LIMITED

Created 11/01/2019Registered 14/01/2019Satisfied 06/03/2020

CompanyRankvs 15486+ SIC 68100 peers
60

Financial strength97th percentile among SIC peers · 24/25
Employees19th percentile among SIC peers · 3/15
LiquidityCurrent ratio 2.39× · 20/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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15486Modernistiq Development (1) Ltd
69
How is this score calculated?
Financial strength24/25 pts

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

Employees3/15 pts

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

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity8/15 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 31/10/2023

Net Worth

£1.8M

Balance sheet strength

Cash

£13k

Cash in the bank

Net Current Assets

£843k

Working capital

Current Assets

£1.4M

Current Liabilities

£605k

Fixed Assets

£2.1M

Debtors

£1.3M

Profit After Tax

£51k

0avg. employees

Balance Sheet

Assets less current liabilities£2.9M
Prepared with Sage Accounts Production 23.0 - FRS102_2023

EstimatesDerived

YearCurrent RatioImplied Profit
20232.39+£28k
20222.58+£51k
20212.95+£329k
20200.62+£1.7M
20190.92—

Derived from filed accounts. Not audited figures.