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Area Projects Ltd

12073010

active
Private Limited Company
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)

Details

8 IVEGATE, LEEDS, LS19 7RE
Incorporated 27/06/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

41100
Development of building projects

Officers

Ms Elsie Rebecca Kitchen

director · Since 27/06/2019

DIRECTOR

BRITISH · UNITED KINGDOM · Age 28

Persons with Significant Control

Ms Elsie Rebecca Kitchen

25–50% shares

British · United Kingdom · Age 28

8, Ivegate, Leeds, LS19 7RE

Notified 27/06/2019

Ms Abigail Sarah Kitchen

25–50% shares

British · United Kingdom · Age 27

8, Ivegate, Leeds, LS19 7RE

Notified 27/06/2019

CompanyRankvs 44138+ SIC 41100 peers
51

Financial strength63th percentile among SIC peers · 16/25
Employees46th percentile among SIC peers · 7/15
LiquidityCurrent ratio 0.87× · 6/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
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44138Area Projects Ltd
46
How is this score calculated?
Financial strength16/25 pts

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

Employees7/15 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.

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

Key FinancialsYear ending 30/06/2025

Net Worth

£10k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£7k

Working capital

Current Assets

£45k

Current Liabilities

£52k

Fixed Assets

£1k

1avg. employees

Balance Sheet

Assets less current liabilities£5k
Prepared with Companies House

EstimatesDerived

YearCurrent RatioImplied Profit
20250.87+£0
20250.87-£26k
20247.34+£19k
202314.44-£21k
20227.75-£14k
20211.90+£32k
20201.02—

Derived from filed accounts. Not audited figures.