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Freemunce Ltd

12611355

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
10/30
Financial
30/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • 7 outstanding charges (-10)

Details

20 CHAMBERLAIN STREET, WELLS, BA5 2PF
Incorporated 19/05/2020

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68100
Buying and selling of own real estate

Officers

Mr Daniel Freeman

director · Since 19/05/2020

DIRECTOR

BRITISH · ENGLAND · Age 40

Also on 3 other boards

Mr James Munce

director · Since 19/05/2020

DIRECTOR

BRITISH · ENGLAND · Age 46

Also on 1 other board

Persons with Significant Control

Freelston Ltd

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

C/O React Business Services, City Pavilion, Cannon Green, London, EC4R 0AA

Reg: 10021676 · Companies House · Limited Company

Notified 19/05/2020

Mr James Munce

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

British · England · Age 46

Longview House, 198 Bridge Road, Southampton, SO31 7ED

Notified 27/08/2022

Former PSCs

Munce Holdings Ltd

Ceased 26/08/2022

Mr James Munce

Ceased 26/08/2022

Charges7 outstanding

Charge
outstanding

TOGETHER COMMERCIAL FINANCE LIMITED

Created 01/08/2023Registered 16/08/2023
Charge
outstanding

TOGETHER COMMERCIAL FINANCE LIMITED

Created 01/08/2023Registered 16/08/2023
Charge
outstanding

ORTUS SECURED FINANCE I LIMITED

Created 20/12/2021Registered 21/12/2021
Charge
outstanding

ORTUS SECURED FINANCE I LIMITED

Created 20/12/2021Registered 21/12/2021
Charge
outstanding

ORTUS SECURED FINANCE I LIMITED

Created 22/09/2021Registered 24/09/2021
Charge
outstanding

ORTUS SECURED FINANCE I LIMITED

Created 22/09/2021Registered 23/09/2021
Charge
outstanding

SHAWBROOK BANK LIMITED

Created 15/01/2021Registered 03/02/2021

CompanyRankvs 167027+ SIC 68100 peers
21

Financial strength4th percentile among SIC peers · 1/25
Employees19th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.56× · 6/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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167027Freemunce Ltd
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How is this score calculated?
Financial strength1/25 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.

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 31/03/2024

Net Worth

-£109k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£58k

Working capital

Current Assets

£74k

Current Liabilities

£134k

Fixed Assets

£885k

0avg. employees

Balance Sheet

Assets less current liabilities£827k
Prepared with Sage Accounts Production Advanced 2023 - FRS102_2023

EstimatesDerived

YearCurrent RatioImplied Profit
20240.56-£67k
20230.27—

Derived from filed accounts. Not audited figures.