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Initiate Property Management Ltd

13063369

active
Private Limited Company
Companies House
Health Score
68 / 100

Some Concerns

30/30
Filing
0/30
Financial
38/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

37 SHIPHAY LANE, TORQUAY, TQ2 7DU
Incorporated 04/12/2020

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68320
Management of real estate on a fee or contract basis

Officers

Mrs Ami Musselwhite

director · Since 04/12/2020

AESTHETICS CONSULTANT

BRITISH · UNITED KINGDOM · Age 34

Also on 3 other boards

Mr Lee Musselwhite

director · Since 04/12/2020

EVENT ORGANISER

BRITISH · UNITED KINGDOM · Age 44

Also on 3 other boards

Persons with Significant Control

Mrs Ami Musselwhite

25–50% shares
25–50% votes

British · United Kingdom · Age 34

158, Goodrington Road, Paignton, TQ4 7HX

Notified 04/12/2020

Mr Lee Musselwhite

25–50% shares
25–50% votes

British · United Kingdom · Age 44

158, Goodrington Road, Paignton, TQ4 7HX

Notified 04/12/2020

Charges1 outstanding

Charge
outstanding

KEYSTONE PROPERTY FINANCE LIMITED

Created 01/03/2022Registered 07/03/2022

CompanyRankvs 65316+ SIC 68320 peers
26

Financial strength3th percentile among SIC peers · 1/25
Employees79th percentile among SIC peers · 12/15
LiquidityCurrent ratio 0.08× · 2/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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65316Initiate Property Management Ltd
35
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.

Employees12/15 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 31/12/2025

Net Worth

-£76k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£138k

Working capital

Current Assets

£12k

Current Liabilities

£151k

Fixed Assets

£223k

2avg. employees

Balance Sheet

Assets less current liabilities£85k
Signed by Mr Lee MUSSELWHITE 20/07/2026Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.08+£4k
20240.04-£3k
20230.04—

Derived from filed accounts. Not audited figures.