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Flip Property Developments Limited

12435314

active
Private Limited Company
england wales
Companies House
Health Score
76 / 100

Some Concerns

30/30
Filing
10/30
Financial
36/40
Risk
  • Negative net worth (-10)
  • 2 outstanding charges (-4)

Details

UNIT A RENNY'S LANE, DURHAM, DH1 2RB
Incorporated 31/01/2020

Compliance

Last accounts

31/01/2025

total exemption full

Next accounts due

31/10/2026

On track

Confirmation statement

Last: 09/09/2025

Due 23/09/2026

On track

Industry

68209
Other letting and operating of own or leased real estate

Officers

Darryl John Cullerton

director · Since 31/01/2020

DIRECTOR

BRITISH · ENGLAND · Age 40

Also on 1 other board

Mr Joshua Phillip Cullerton

director · Since 31/01/2020

DIRECTOR

BRITISH · ENGLAND · Age 34

Also on 3 other boards

Mr Paul Stewart Cook

director · Since 01/01/2025

DIRECTOR

BRITISH · ENGLAND · Age 49

Also on 7 other boards

Persons with Significant Control

Darryl John Cullerton

25–50% shares
25–50% votes
Appoint directors

British · England · Age 40

Unit A Renny's Lane, Gilesgate Moor, Durham, DH1 2RB

Notified 31/01/2020

Mr Joshua Phillip Cullerton

25–50% shares
25–50% votes
Appoint directors

British · England · Age 34

Unit A Renny's Lane, Gilesgate Moor, Durham, DH1 2RB

Notified 31/01/2020

Mr Paul Stewart Cook

25–50% shares
25–50% votes

British · England · Age 49

Unit A Renny's Lane, Gilesgate Moor, Durham, DH1 2RB

Notified 01/01/2025

Charges2 outstanding

Charge
outstanding

THE MORTGAGE LENDER LIMITED

Created 20/12/2024Registered 23/12/2024
Charge
outstanding

THE MORTGAGE LENDER LIMITED

Created 20/12/2024Registered 23/12/2024

CompanyRankvs 245516+ SIC 68209 peers
21

Financial strength19th percentile among SIC peers · 5/25
Employees18th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.03× · 2/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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245516Flip Property Developments Limited
31
How is this score calculated?
Financial strength5/25 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.

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.

Longevity6/15 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 31/01/2025

Net Worth

-£4k

Balance sheet strength

Cash

£274

Cash in the bank

Net Current Assets

-£25k

Working capital

Current Assets

£657

Current Liabilities

£25k

Debtors

£383

0avg. employees

Balance Sheet

Bank loans & overdrafts£184k
Assets less current liabilities£170k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20250.03

Derived from filed accounts. Not audited figures.