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Nihal Developments Ltd

11783110

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
20/30
Financial
30/40
Risk
  • No accounts filed in last 18 months (-5)
  • 6 outstanding charges (-10)

Details

9 HAGLEY ROAD WEST, BIRMINGHAM, B17 8AL
Incorporated 23/01/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

41100
Development of building projects
68209
Other letting and operating of own or leased real estate

Officers

Mrs Manvinder Kaur

director · Since 23/01/2019

DIRECTOR

BRITISH · ENGLAND · Age 53

Also on 3 other boards

Mr Parminder Singh

director · Since 23/01/2019

DIRECTOR

BRITISH · ENGLAND · Age 54

Also on 7 other boards

Persons with Significant Control

Mrs Manvinder Kaur

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

British · England · Age 53

9 Hagley Road West, Birmingham, B17 8AL

Notified 23/01/2019

Mr Parminder Singh

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

British · England · Age 54

59 Scott Street, Tipton, DY4 7AF

Notified 23/01/2019

Charges6 outstanding

Charge
outstanding

BARCLAYS SECURITY TRUSTEE LIMITED

Created 14/07/2021Registered 22/07/2021
Charge
outstanding

BARCLAYS SECURITY TRUSTEE LIMITED

Created 14/07/2021Registered 16/07/2021
Charge
outstanding

BARCLAYS SECURITY TRUSTEE LIMITED

Created 08/05/2021Registered 11/05/2021
Charge
outstanding

SIMRAN KAUR RAI · HARPREET KAUR RAI

Created 26/08/2020Registered 29/08/2020
Charge
outstanding

SIMRAN KAUR RAI · HARPREET KAUR RAI

Created 26/08/2020Registered 29/08/2020
Charge
outstanding

SIMRAN KAUR RAI AND HARPREET KAUR RAI

Created 26/08/2020Registered 29/08/2020

CompanyRankvs 45521+ SIC 41100 peers
35

Financial strength74th percentile among SIC peers · 19/25
Employees15th percentile among SIC peers · 2/15
LiquidityCurrent ratio 0.17× · 2/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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45521Nihal Developments Ltd
45
How is this score calculated?
Financial strength19/25 pts

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

Employees2/15 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.

Longevity7/15 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 31/01/2024

Net Worth

£47k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£301k

Working capital

Current Assets

£62k

Current Liabilities

£362k

Fixed Assets

£1.1M

0avg. employees

Balance Sheet

Assets less current liabilities£796k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.17+£12k
20230.22+£17k
20220.41+£20k
20210.80—

Derived from filed accounts. Not audited figures.