Medway Development Company (Land And Projects) Ltd
12995131
Some Concerns
- Negative net worth (-10)
- Loss before tax (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 13/08/2021
HOUSING CONSULTANCY
BRITISH · ENGLAND · Age 66
Also on 1 other board
director · Since 24/05/2023
CONSULTANT
BRITISH · ENGLAND · Age 68
Also on 6 other boards
director · Since 30/05/2024
NON EXECUTIVE DIRECTOR
BRITISH · ENGLAND · Age 70
Also on 26 other boards
Persons with Significant Control
Medway Development Company Limited
The Guard House, Dock Road, Chatham, ME4 4TX
Reg: 11028452 · Uk Register Of Companies · Private Company Limited By Shares
Notified 04/11/2020
Charges1 outstanding
MEDWAY COUNCIL
CompanyRankvs 41902+ SIC 41202 peers23
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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.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co
Key FinancialsYear ending 31/03/2025
Turnover
£32.6M
Annual revenue
Net Worth
-£11.0M
Balance sheet strength
Cash
£567k
Cash in the bank
Profit Before Tax
-£7.6M
Bottom line earnings
Net Current Assets
£49.3M
Working capital
Current Assets
£72.5M
Current Liabilities
£23.2M
Debtors
£6.3M
Cost of Sales
£39.6M
Gross Profit
-£7.0M
Admin Expenses
£300k
Operating Profit
-£7.6M
Profit After Tax
-£7.6M
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 3.12 | +£0 |
| 2025 | 3.12 | -£10.0M |
| 2023 | 1.00 | +£388k |
| 2022 | 0.96 | -£1.3M |
| 2021 | 6.55 | — |
Derived from filed accounts. Not audited figures.