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M&M Willett Homes Ltd

12580138

active
Private Limited Company
Companies House
Health Score
64 / 100

Some Concerns

30/30
Filing
0/30
Financial
34/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

STARLITE BUNGALOW, GRANTHAM, NG31 7UE
Incorporated 30/04/2020

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

41202
Construction of domestic buildings

Officers

Mrs Magdalena Willett

director · Since 30/04/2020

COMPANY DIRECTOR

POLISH · ENGLAND · Age 45

Also on 1 other board

Mr Michael Fredrick William Thomas Willett

director · Since 30/04/2020

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 56

Also on 3 other boards

Persons with Significant Control

Mr Michael Fredrick William Thomas Willett

25–50% shares
25–50% votes

British · England · Age 56

Beverley Hills, Cheveley Park, Grantham, NG31 7UJ

Notified 30/04/2020

Mrs Magdalena Anna Willett

25–50% shares
25–50% votes

Polish · England · Age 45

Starlite Bungalow, Gorse Lane, Grantham, NG31 7UE

Notified 30/04/2020

Mrs Magdalena Willett

25–50% shares
25–50% votes

Polish · England · Age 45

Starlite Bungalow, Gorse Lane, Grantham, NG31 7UE

Notified 30/04/2020

Charges3 outstanding

Charge
outstanding

DEVON AND CORNWALL SECURITIES LIMITED

Created 05/08/2024Registered 06/08/2024
Charge
outstanding

PANACEA FINANCE SOLUTIONS LIMITED

Created 07/03/2024Registered 12/03/2024
Charge
outstanding

PANACEA FINANCE SOLUTIONS LIMITED

Created 05/07/2023Registered 06/07/2023

CompanyRankvs 50828+ SIC 41202 peers
29

Financial strength1th percentile among SIC peers · 0/25
Employees82th percentile among SIC peers · 12/15
LiquidityCurrent ratio 0.83× · 6/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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50828M&M Willett Homes Ltd
35
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.

Employees12/15 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.

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

-£516k

Balance sheet strength

Cash

£11k

Cash in the bank

Net Current Assets

-£552k

Working capital

Current Assets

£2.6M

Current Liabilities

£3.2M

Fixed Assets

£133k

Debtors

£292k

3avg. employees+1

Tax at Year End

Corp tax£63k

Director Loans

Directors owe company£187k

Balance Sheet

Assets less current liabilities-£418k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.83-£248k
20240.88-£242k
20230.82—

Derived from filed accounts. Not audited figures.