Onward Developments Iow Limited
12039096
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 07/06/2019
DIRECTOR
BRITISH · ENGLAND · Age 30
Also on 3 other boards
Persons with Significant Control
Mr Joseph Reuben Bagnall
British · England · Age 30
Unit 4 Onward Business Hub, College Close, Sandown, PO36 8EB
Notified 07/06/2019
Former PSCs
Mr William Paul Mellon
Ceased 30/09/2020
CompanyRankvs 74301+ SIC 41100 peers33
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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 30/06/2024
Net Worth
-£1k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
-£1k
Working capital
Current Assets
£9k
Current Liabilities
£10k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.89 | — |
| 2023 | 1.58 | — |
| 2022 | 2.24 | — |
| 2021 | 1.75 | -£3k |
| 2020 | 3.22 | — |
Derived from filed accounts. Not audited figures.