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Lets Work Property Solutions Ltd

11645502

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

11 DEAKINS ROAD, BIRMINGHAM, B25 8DX
Incorporated 26/10/2018

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
68320
Management of real estate on a fee or contract basis

Officers

Miss Lamara Brown

director · Since 26/10/2018

VIDEO EDITOR

BRITISH · ENGLAND · Age 38

Also on 2 other boards

Mr Tyrone Forde

director · Since 26/10/2018

CARPENTER

BRITISH · ENGLAND · Age 43

Persons with Significant Control

Mr Tyrone Forde

25–50% shares
25–50% votes
Appoint directors

British · United Kingdom · Age 43

35, Apsley Road, Oldbury, B68 0QY

Notified 26/10/2018

Miss Lamara Brown

25–50% shares
25–50% votes
Appoint directors

British · England · Age 38

35, Apsley Road, Oldbury, B68 0QY

Notified 26/10/2018

Charges2 outstanding

Charge
outstanding

THE MORTGAGE WORKS (UK) PLC

Created 02/02/2022Registered 07/02/2022
Charge
outstanding

KENSINGTON MORTGAGE COMPANY LIMITED

Created 11/10/2019Registered 30/10/2019

CompanyRankvs 89311+ SIC 68100 peers
37

Financial strength61th percentile among SIC peers · 15/25
Employees19th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.52× · 6/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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89311Lets Work Property Solutions Ltd
42
How is this score calculated?
Financial strength15/25 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.

Liquidity6/20 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

£5k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£12k

Working capital

Current Assets

£13k

Current Liabilities

£24k

Fixed Assets

£129k

0avg. employees

Balance Sheet

Assets less current liabilities£117k
Prepared with Capium Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20230.52+£3k
20220.66—
20210.15—
20200.05—

Derived from filed accounts. Not audited figures.