Morfett Developments Ltd
12042814
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- 2 outstanding charges (-4)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Mr Kevin Morfett
British · England · Age 56
368 Forest Road, London, E17 5JF
Notified 11/06/2019
Former PSCs
Mrs Yesim Mehmet
Ceased 11/06/2019
Charges2 outstanding
ULTIMATE BRIDGING FINANCE LIMITED
ULTIMATE BRIDGING FINANCE LIMITED
ULTIMATE BRIDGING FINANCE LIMITED
ULTIMATE BRIDGING FINANCE LIMITED
GFS 1 LTD
GFS 1 LTD
MINT PROPERTY FINANCE LIMITED
CompanyRankvs 50460+ SIC 64209 peers22
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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.
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 30/06/2024
Net Worth
-£383k
Balance sheet strength
Cash
£176k
Cash in the bank
Net Current Assets
-£308k
Working capital
Current Assets
£634k
Current Liabilities
£942k
Debtors
£877
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.67 | -£262k |
| 2023 | 0.98 | — |
| 2022 | 0.70 | — |
Derived from filed accounts. Not audited figures.