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Barakah Developments Limited

12238396

active
Private Limited Company
Companies House
Health Score
71 / 100

Some Concerns

25/30
Filing
10/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

87 LEVETT GARDENS, ILFORD, IG3 9BU
Incorporated 02/10/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

41100
Development of building projects
68209
Other letting and operating of own or leased real estate

Officers

Ms Nagina Iqbal

director · Since 02/10/2019

DIRECTOR

BRITISH · ENGLAND · Age 43

Mr Shaide Iqbal

director · Since 02/10/2019

DIRECTOR

BRITISH · UNITED KINGDOM · Age 45

Also on 7 other boards

Persons with Significant Control

Mr Shaide Iqbal

25–50% shares
25–50% votes

British · United Kingdom · Age 45

87, Levett Gardens, Ilford, IG3 9BU

Notified 02/10/2019

Ms Iqbal Nagina

50–75% shares
ownership-of-shares-50-to-75-percent-as-trust
ownership-of-shares-50-to-75-percent-as-firm
50–75% votes
voting-rights-50-to-75-percent-as-trust
voting-rights-50-to-75-percent-as-firm

British · England · Age 43

87, Levett Gardens, Ilford, IG3 9BU

Notified 02/10/2019

Charges2 outstanding

Charge
outstanding

LLOYDS BANK PLC

Created 25/10/2021Registered 01/11/2021
Charge
outstanding

LLOYDS BANK PLC

Created 25/10/2021Registered 27/10/2021

CompanyRankvs 28504+ SIC 41100 peers
48

Financial strength95th percentile among SIC peers · 24/25
Employees68th percentile among SIC peers · 10/15
LiquidityCurrent ratio 0.02× · 2/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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28504Barakah Developments Limited
57
How is this score calculated?
Financial strength24/25 pts

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

Employees10/15 pts

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

Liquidity2/20 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 31/10/2023

Net Worth

£1.6M

Balance sheet strength

Cash

£1k

Cash in the bank

Net Current Assets

-£75k

Working capital

Current Assets

£1k

Current Liabilities

£76k

Fixed Assets

£2.1M

2avg. employees+2

Balance Sheet

Assets less current liabilities£2.1M
Signed by Mrs Nagina IQBAL 26/07/2024Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20230.02+£7k
2022—+£5k

Derived from filed accounts. Not audited figures.