Update Group Ltd.
11610672
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 08/10/2018
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 65
Also on 3 other boards
director · Since 08/10/2018
COMPANY DIRECTOR
TURKISH · ENGLAND · Age 37
Also on 2 other boards
director · Since 08/10/2018
COMPANY DIRECTOR
TURKISH · ENGLAND · Age 61
Also on 2 other boards
Persons with Significant Control
Mr Kadir Murathan Sahin
Turkish · England · Age 37
244, Chase Road, London, N14 6HH
Notified 08/10/2019
Charges0 outstanding
WEST ONE DEVELOPMENT FINANCE LIMITED
CompanyRankvs 26940+ SIC 41100 peers59
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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.
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
£2k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
£914k
Working capital
Current Assets
£1.7M
Current Liabilities
£790k
Fixed Assets
£870
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2023 | 2.16 | +£110 |
| 2022 | 157.14 | -£4 |
| 2021 | 26.00 | +£954 |
| 2020 | 6.36 | -£7k |
| 2019 | 0.97 | — |
Derived from filed accounts. Not audited figures.