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Migdat Developments Limited

12157070

active
Private Limited Company
Companies House
Health Score
79 / 100

Some Concerns

25/30
Filing
20/30
Financial
34/40
Risk
  • No accounts filed in last 18 months (-5)
  • 3 outstanding charges (-6)

Details

SUITE A, LONDON, NW6 3BT
Incorporated 15/08/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68100
Buying and selling of own real estate

Officers

Mr David Spencer Trent

director · Since 15/08/2019

DIRECTOR

BRITISH · UNITED KINGDOM · Age 60

Also on 1 other board

Mrs Ilana Ruth Trent

director · Since 15/08/2019

DIRECTOR

BRITISH · ENGLAND · Age 54

Also on 2 other boards

Persons with Significant Control

Mrs Ilana Ruth Trent

25–50% shares
25–50% votes

British · England · Age 54

Suite A, 1-3 Canfield Place, London, NW6 3BT

Notified 15/08/2019

Mr David Spencer Trent

25–50% shares
25–50% votes

British · United Kingdom · Age 60

Suite A, 1-3 Canfield Place, London, NW6 3BT

Notified 15/08/2019

Charges3 outstanding

Charge
outstanding

CHARTER COURT FINANCIAL SERVICES LIMITED

Created 29/04/2021Registered 08/05/2021
Charge
outstanding

PARAGON BANK PLC

Created 03/12/2020Registered 14/12/2020
Charge
outstanding

PARAGON BANK PLC

Created 13/03/2020Registered 16/03/2020

CompanyRankvs 41462+ SIC 68100 peers
51

Financial strength81th percentile among SIC peers · 20/25
Employees19th percentile among SIC peers · 3/15
LiquidityCurrent ratio 1.75× · 16/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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41462Migdat Developments Limited
56
How is this score calculated?
Financial strength20/25 pts

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

Employees3/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity16/20 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 30/09/2024

Net Worth

£64k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£385k

Working capital

Current Assets

£899k

Current Liabilities

£514k

0avg. employees

Balance Sheet

Assets less current liabilities£385k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20241.75+£9k
20231.73+£9k
20221.68+£13k
20211.68+£13k
20201.24—

Derived from filed accounts. Not audited figures.