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Furnace St Development Ltd

12559305

active
Private Limited Company
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 22 CARIOCCA BUSINESS PARK, MANCHESTER, M40 8BB
Incorporated 16/04/2020

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68209
Other letting and operating of own or leased real estate

Officers

Mr Hao Gia Lam

director · Since 16/04/2020

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 53

Also on 1 other board

Persons with Significant Control

Mr Hao Gia Lam

75–100% shares
75–100% votes
Appoint directors

British · England · Age 53

12559305 - Companies House Default Address, Cardiff, CF14 8LH

Notified 16/04/2020

Charges2 outstanding

Charge
outstanding

FLEET MORTGAGES LIMITED

Created 31/03/2023Registered 05/04/2023
Charge
outstanding

LOWRY CAPITAL LIMITED

Created 07/07/2021Registered 12/07/2021

CompanyRankvs 280545+ SIC 68209 peers
16

Financial strength1th percentile among SIC peers · 0/25
Employees18th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.01× · 2/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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280545Furnace St Development Ltd
26
How is this score calculated?
Financial strength0/25 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 30/04/2025

Net Worth

-£683k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

—

Working capital

Current Assets

£4k

Current Liabilities

£319k

Fixed Assets

£141k

0avg. employees

Balance Sheet

Total assets£145k

EstimatesDerived

YearCurrent RatioImplied Profit
20250.01+£11k
20240.02+£29k
20230.08-£1.2M
2022—+£337k
20211.27—

Derived from filed accounts. Not audited figures.