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2quarter Properties Ltd

12613346

active
Private Limited Company
Companies House
Health Score
66 / 100

Some Concerns

30/30
Filing
0/30
Financial
36/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

PICCADILLY BUSINESS CENTRE, MANCHESTER, M12 6AE
Incorporated 20/05/2020

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68100
Buying and selling of own real estate
68209
Other letting and operating of own or leased real estate

Officers

Mr Braxton Chong

director · Since 20/05/2020

ENGINEER

BRITISH · ENGLAND · Age 40

Ms Nancy Shing

director · Since 20/05/2020

TEACHER

BRITISH · ENGLAND · Age 36

Persons with Significant Control

Mr Braxton Chong

25–50% shares
25–50% votes

British · England · Age 40

Piccadilly Business Centre, Aldow Enterprise Park, Manchester, M12 6AE

Notified 20/05/2020

Ms Nancy Shing

25–50% shares
25–50% votes

British · England · Age 36

Piccadilly Business Centre, Aldow Enterprise Park, Manchester, M12 6AE

Notified 20/05/2020

Charges2 outstanding

Charge
outstanding

THE MORTGAGE WORKS (UK) PLC

Created 10/02/2025Registered 14/02/2025
Charge
outstanding

THE MORTGAGE LENDER LIMITED

Created 22/04/2022Registered 25/04/2022

CompanyRankvs 163441+ SIC 68100 peers
17

Financial strength5th percentile among SIC peers · 1/25
Employees19th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.23× · 2/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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27
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.

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 31/05/2025

Net Worth

-£70k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£59k

Working capital

Current Assets

£17k

Current Liabilities

£77k

Fixed Assets

£124k

0avg. employees

Balance Sheet

Assets less current liabilities£65k
Signed by Mr B Chong,Prepared with IRIS Elements Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.23-£128k
20240.01+£30k
20230.87+£54k
20220.87-£9k
20210.14—

Derived from filed accounts. Not audited figures.