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First Developments Holding Limited

11606741

active
Private Limited Company
Companies House
Health Score
55 / 100

Notable Risks

25/30
Filing
0/30
Financial
30/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Going concern doubt noted in accounts (-10)
  • 11 outstanding charges (-10)

Details

KILN WAY, SWADLINCOTE, DE11 8EA
Incorporated 05/10/2018

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

64209
Activities of other holding companies

Officers

Mr Umesh Anilkumar Kotecha

director · Since 05/10/2018

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 47

Also on 6 other boards

Mr Vinesh Anilkumar Kotecha

director · Since 05/10/2018

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 45

Also on 4 other boards

Persons with Significant Control

Mr Vinesh Anilkumar Kotecha

25–50% shares
25–50% votes

British · England · Age 45

Kiln Way, Woodville, Swadlincote, DE11 8EA

Notified 05/10/2018

Mr Umesh Anilkumar Kotecha

25–50% shares
25–50% votes

British · England · Age 47

Kiln Way, Woodville, Swadlincote, DE11 8EA

Notified 05/10/2018

Charges11 outstanding

Charge
outstanding

TOGETHER COMMERCIAL FINANCE LIMITED

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Charge
outstanding

TOGETHER COMMERCIAL FINANCE LIMITED

Created 27/03/2026Registered 30/03/2026
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Created 02/02/2026Registered 05/02/2026
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HSBC UK BANK PLC

Created 06/10/2023Registered 18/10/2023
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HSBC UK BANK PLC

Created 04/08/2023Registered 11/08/2023
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outstanding

HSBC UK BANK PLC

Created 29/09/2022Registered 11/10/2022
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outstanding

HSBC UK BANK PLC

Created 25/08/2022Registered 07/09/2022
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outstanding

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Created 25/08/2022Registered 07/09/2022
Charge
outstanding

HSBC UK BANK PLC

Created 25/08/2022Registered 07/09/2022
Charge
outstanding

HSBC UK BANK PLC

Created 01/09/2021Registered 15/09/2021
Charge
outstanding

HSBC UK BANK PLC

Created 31/08/2021Registered 01/09/2021
Charge
satisfied

HANDELSBANKEN PLC

Created 18/06/2021Registered 25/06/2021Satisfied 30/08/2022
Charge
satisfied

HANDELSBANKEN PLC

Created 19/06/2020Registered 01/07/2020Satisfied 30/08/2022
Charge
satisfied

HANDELSBANKEN PLC

Created 19/06/2020Registered 23/06/2020Satisfied 01/07/2020
Charge
satisfied

HANDELSBANKEN PLC

Created 19/06/2020Registered 22/06/2020Satisfied 30/08/2022

CompanyRankvs 34402+ SIC 64209 peers
21

Financial strength3th percentile among SIC peers · 1/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.12× · 2/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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34402First Developments Holding Limited
40
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.

Employees15/15 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.

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

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

any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent 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 going concern are d

Key FinancialsYear ending 28/02/2022

Net Worth

-£96k

Balance sheet strength

Cash

£42k

Cash in the bank

Net Current Assets

-£4.1M

Working capital

Current Assets

£573k

Current Liabilities

£4.7M

Fixed Assets

£7.5M

Debtors

£531k

Profit After Tax

£3.9M

158avg. employees+30

Tax at Year End

Corp tax£1k
Dividends paid£768k

People Costs(2021)

Wages & salaries£3.2M
NI contributions£277k

Balance Sheet

Bank loans & overdrafts£723k
Assets less current liabilities£3.4M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20220.12-£295k
20210.04—

Derived from filed accounts. Not audited figures.