Back to search

Mad Devs Ltd

11736413

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

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

Details

20-22 WENLOCK ROAD, LONDON, N1 7GU
Incorporated 20/12/2018

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62012
Business and domestic software development

Officers

Mr Adrian Favill

secretary · Since 20/12/2018

Also on 1 other board

Mr David John Boyce

director · Since 20/12/2018

CEO

BRITISH · UNITED KINGDOM · Age 57

Mr Mark James Craven

director · Since 20/12/2018

DIRECTOR

BRITISH · UNITED KINGDOM · Age 35

Also on 1 other board

Mr Adrian Favill

director · Since 20/12/2018

DIRECTOR

BRITISH · UNITED KINGDOM · Age 42

Also on 1 other board

Persons with Significant Control

Mr David John Boyce

50–75% shares

British · England · Age 57

20-22, Wenlock Road, London, N1 7GU

Notified 20/12/2018

CompanyRankvs 2662+ SIC 62012 peers
82

Financial strength97th percentile among SIC peers · 24/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 2.41× · 20/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
Show leaderboard
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.

Employees15/15 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.

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/12/2024

Net Worth

£1.1M

Balance sheet strength

Cash

£1.0M

Cash in the bank

Net Current Assets

£1.0M

Working capital

Current Assets

£1.8M

Current Liabilities

£737k

Fixed Assets

£16k

Debtors

£736k

22avg. employees+7

Tax at Year End

Corp tax£376k

Balance Sheet

Assets less current liabilities£1.1M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20242.41+£266k
20232.69+£471k
20212.44

Derived from filed accounts. Not audited figures.