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Sea Island Developments (Pelaw) Limited

12014334

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

101 PERCY STREET, NEWCASTLE UPON TYNE, NE1 7RY
Incorporated 23/05/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68100
Buying and selling of own real estate

Officers

Mr Mark Adam Walton

director · Since 23/05/2019

DIRECTOR

BRITISH · ENGLAND · Age 51

Also on 19 other boards

Persons with Significant Control

Mr Mark Adam Walton

Significant control

British · United Kingdom · Age 51

101, Percy Street, Newcastle Upon Tyne, NE1 7RY

Notified 23/05/2019

Sea Island Developments Limited

75–100% shares
75–100% votes
Appoint directors

West 2, Asama Court, Newcastle Upon Tyne, NE4 7YD

Reg: 10428591 · Companies House · Limited Liability Company

Notified 26/07/2019

Former PSCs

Soberba Developments Limited

Ceased 26/07/2019

CompanyRankvs 111509+ SIC 68100 peers
31

Financial strength14th percentile among SIC peers · 4/25
Employees60th percentile among SIC peers · 9/15
LiquidityCurrent ratio 0.98× · 6/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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111509Sea Island Developments (Pelaw) Limited
37
How is this score calculated?
Financial strength4/25 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.

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.

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

Going concern doubt: -10 pts

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

Going Concern Doubt

assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern The directors of the company are satisfied that there are no material uncertainties concerning the company's ability to continue as a going concern for a period of at least 12 months fro

Key FinancialsYear ending 30/04/2024

Net Worth

-£15k

Balance sheet strength

Cash

£663

Cash in the bank

Net Current Assets

-£15k

Working capital

Current Assets

£636k

Current Liabilities

£651k

Debtors

£145

1avg. employees

Balance Sheet

Assets less current liabilities-£15k
Prepared with Sage Accounts Production 23.0 - FRS102_2023

EstimatesDerived

YearCurrent RatioImplied Profit
20240.98-£1k
20230.98-£529
20220.98-£3k
20210.98-£1k
20200.99—

Derived from filed accounts. Not audited figures.