Ovation Development Ltd
13135283
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 14/01/2021
COMPANY DIRECTOR
SINGAPOREAN · ENGLAND · Age 50
Also on 2 other boards
Persons with Significant Control
Ms Xiaoling Mao
Chinese · China · Age 66
Unit B,, 7/F, 18 Luard Road, Hong Kong, 999077
Notified 14/01/2021
Charges0 outstanding
TAM MING LUEN
TAM MING LUEN
CompanyRankvs 178778+ SIC 68100 peers26
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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 31/01/2025
Net Worth
-£319k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
-£2.4M
Working capital
Current Assets
£100
Current Liabilities
£2.4M
Fixed Assets
£2.1M
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.00 | -£628k |
| 2024 | 0.00 | +£106k |
| 2023 | 0.00 | — |
Derived from filed accounts. Not audited figures.