Passage Developments Limited
12754662
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Last accounts
31/12/2024
micro entity
Next accounts due
30/09/2026
Confirmation statement
Last: 19/07/2025
Due 02/08/2026
Industry
Officers
Persons with Significant Control
Mr Nicholas Elliot Segal
British · United Kingdom · Age 73
106, Islington High Street, London, N1 8EG
Notified 20/07/2020
Change History
Active
Private Limited Company
106 ISLINGTON HIGH STREET
LONDON
CompanyRankvs 57669+ SIC 99999 peers38
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/12/2024
Net Worth
-£800
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
-£800
Working capital
Current Assets
£49k
Current Liabilities
£50k
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2024 | 0.98 |
| 2023 | 0.98 |
| 2022 | 0.98 |
| 2021 | 0.98 |
Derived from filed accounts. Not audited figures.