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Torn Property Developments Ltd

12768467

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
10/30
Financial
30/40
Risk
  • Current liabilities exceed current assets (-10)
  • 5 outstanding charges (-10)

Details

33 KIRKLEATHAM AVENUE, REDCAR, TS11 7EN
Incorporated 27/07/2020

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68209
Other letting and operating of own or leased real estate
68320
Management of real estate on a fee or contract basis

Officers

Mr Christopher John Horne

director · Since 27/07/2020

SELF EMPLOYED

ENGLISH · ENGLAND · Age 41

Also on 2 other boards

Persons with Significant Control

Mr Christopher John Horne

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

English · England · Age 41

33, Kirkleatham Avenue, Redcar, TS11 7EN

Notified 27/07/2020

Former PSCs

Miss Victoria Karen Ann Mcelvaney

Ceased 15/09/2021

Charges5 outstanding

Charge
outstanding

FLEET MORTGAGES LIMITED

Created 12/03/2024Registered 12/03/2024
Charge
satisfied

SHAWBROOK BANK LIMITED

Created 12/12/2022Registered 13/12/2022Satisfied 29/01/2024
Charge
outstanding

SHAWBROOK BANK LIMITED

Created 30/09/2022Registered 05/10/2022
Charge
outstanding

SHAWBROOK BANK LIMITED

Created 03/08/2022Registered 04/08/2022
Charge
outstanding

SHAWBROOK BANK LIMITED

Created 16/06/2022Registered 17/06/2022
Charge
outstanding

SHAWBROOK BANK LIMITED

Created 13/05/2022Registered 16/05/2022

CompanyRankvs 96593+ SIC 68209 peers
44

Financial strength72th percentile among SIC peers · 18/25
Employees18th percentile among SIC peers · 3/15
LiquidityCurrent ratio 1.42× · 12/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength18/25 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.

Liquidity12/20 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 31/07/2025

Net Worth

£49k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

£32k

Working capital

Current Assets

£107k

Current Liabilities

£75k

Fixed Assets

£391k

0avg. employees

Balance Sheet

Assets less current liabilities£422k
Prepared with Acting Office - Tax and Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20251.42-£7k
20241.25+£47k
20230.04

Derived from filed accounts. Not audited figures.