Penwith Developments Limited
13344070
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 22/10/2024
BUSINESSWOMAN
BRITISH · UNITED KINGDOM · Age 47
Also on 4 other boards
Persons with Significant Control
Mr Davin Richard Mole
British · Switzerland · Age 52
North Hill, North Parade, Frome, BA11 2AB
Notified 19/04/2021
Charges0 outstanding
INVESTEC BANK PLC
CompanyRankvs 84040+ SIC 41100 peers28
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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 31/12/2024
Net Worth
-£987k
Balance sheet strength
Cash
£125k
Cash in the bank
Net Current Assets
-£987k
Working capital
Current Assets
£14.6M
Current Liabilities
£15.6M
Tax at Year End
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.94 | -£1.9M |
| 2023 | 0.01 | +£955k |
| 2022 | 0.08 | — |
| 2021 | 0.34 | — |
Derived from filed accounts. Not audited figures.