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Nead Developments Ltd

11800654

active
Private Limited Company
Companies House
Health Score
76 / 100

Some Concerns

30/30
Filing
10/30
Financial
36/40
Risk
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

3 HOLMER TERRACE, HEREFORD, HR4 9RH
Incorporated 31/01/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68209
Other letting and operating of own or leased real estate

Officers

Mr Lyn Douglas Preece

director · Since 31/01/2019

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 80

Also on 1 other board

Persons with Significant Control

Mr Lyn Preece

75–100% shares
75–100% votes

British · United Kingdom · Age 80

3 Holmer Terrace, Holmer, Hereford, HR4 9RH

Notified 31/01/2019

Charges2 outstanding

Charge
outstanding

FLEET MORTGAGES LIMITED

Created 22/11/2024Registered 25/11/2024
Charge
outstanding

FLEET MORTGAGES LIMITED

Created 27/02/2020Registered 28/02/2020

CompanyRankvs 126440+ SIC 68209 peers
38

Financial strength61th percentile among SIC peers · 15/25
Employees57th percentile among SIC peers · 9/15
LiquidityCurrent ratio 0.04× · 2/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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126440Nead Developments Ltd
48
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.

Employees9/15 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 31/05/2025

Net Worth

£12k

Balance sheet strength

Cash

£4k

Cash in the bank

Net Current Assets

-£90k

Working capital

Current Assets

£4k

Current Liabilities

£93k

Fixed Assets

£366k

Debtors

£500

1avg. employees

Balance Sheet

Bank loans & overdrafts£264k
Assets less current liabilities£276k
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20250.04+£0
20250.04+£3k
20240.05+£3k
20230.12+£42
20220.07-£355

Derived from filed accounts. Not audited figures.