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Qip Merrion Street Limited

13150335

active
Private Limited Company
Companies House
Health Score
60 / 100

Some Concerns

30/30
Filing
0/30
Financial
30/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 6 outstanding charges (-10)

Details

19TH FLOOR 1 WESTFIELD AVENUE, LONDON, E20 1HZ
Incorporated 21/01/2021

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

43999
Specialised construction activities

Officers

Mr Peter Vincent Young

director · Since 07/10/2022

DIRECTOR

BRITISH · SINGAPORE · Age 49

Mr Patrick James Allen

director · Since 04/04/2023

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 41

Also on 22 other boards

Persons with Significant Control

Q.I.P. Sp6 Uk Holdco Limited

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

10, Orange Street, London, WC2H 7DQ

Reg: 13730372 · Companies House · Limited By Shares

Notified 07/10/2022

Former PSCs

Urban Developments (York) Limited

Ceased 07/10/2022

Charges6 outstanding

Charge
outstanding

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outstanding

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SECURE TRUST BANK PLC

Created 27/08/2024Registered 27/08/2024
Charge
outstanding

SECURE TRUST BANK PLC

Created 27/08/2024Registered 27/08/2024
Charge
outstanding

SECURE TRUST BANK PLC

Created 30/11/2022Registered 02/12/2022
Charge
outstanding

SECURE TRUST BANK PLC

Created 30/11/2022Registered 02/12/2022
Charge
satisfied

HS CREDIT (MANCHESTER) LTD (11234444)

Created 01/04/2022Registered 11/04/2022Satisfied 11/10/2022
Charge
satisfied

HS CREDIT (MANCHESTER) LTD (11234444)

Created 01/04/2022Registered 11/04/2022Satisfied 11/10/2022

CompanyRankvs 47466+ SIC 43999 peers
13

Financial strength0th percentile among SIC peers · 0/25
Employees9th percentile among SIC peers · 1/15
LiquidityCurrent ratio 0.04× · 2/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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47466Qip Merrion Street Limited
23
How is this score calculated?
Financial strength0/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees1/15 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.

Longevity5/15 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 31/12/2024

Net Worth

-£2.0M

Balance sheet strength

Cash

£173k

Cash in the bank

Net Current Assets

-£4.7M

Working capital

Current Assets

£175k

Current Liabilities

£4.9M

Debtors

£2k

0avg. employees

Balance Sheet

Assets less current liabilities£7.5M
Prepared with Sage Accounts Production Advanced 2023 - FRS102_2023

EstimatesDerived

YearCurrent RatioImplied Profit
20240.04-£3.3M
20230.00-£7k
20220.00—
20221.00—

Derived from filed accounts. Not audited figures.