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North Avenue Development Co (Three) Ltd

13400869

active
Private Limited Company
england wales
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
10/30
Financial
30/40
Risk
  • Current liabilities exceed current assets (-10)
  • 5 outstanding charges (-10)

Details

SWIFT HOUSE GROUND FLOOR, CHELMSFORD, ESSEX, CM1 1GU
Incorporated 16/05/2021

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 13/08/2025

Due 27/08/2026

On track

Industry

41100
Development of building projects

Officers

Mr Michael Tyrone Bradburn

director · Since 16/05/2021

DIRECTOR

ENGLISH · UNITED KINGDOM · Age 59

Also on 14 other boards

Mr Iain Peter Hutchinson

director · Since 16/05/2021

DIRECTOR

BRITISH · UNITED KINGDOM · Age 61

Also on 13 other boards

Persons with Significant Control

Chignal Properties Holdco Limited

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

Swift House, Ground Floor, 18 Hoffmanns Way, Chelmsford, CM1 1GU

Reg: 13554601 · Companies House · Limited Company

Notified 10/08/2021

Former PSCs

North Avenue Development Co Ltd

Ceased 10/08/2021

Charges5 outstanding

Charge
outstanding

DINAH WHITTLE

Created 08/09/2023Registered 20/09/2023
Charge
outstanding

DINAH WHITTLE

Created 21/09/2022Registered 04/10/2022
Charge
outstanding

BARRY JOHN CLAYDEN

Created 21/09/2022Registered 04/10/2022
Charge
outstanding

RQ CAPITAL LIMITED

Created 21/09/2022Registered 04/10/2022
Charge
outstanding

GINA LE CLAIRE

Created 21/09/2022Registered 04/10/2022

CompanyRankvs 24422+ SIC 41100 peers
50

Financial strength73th percentile among SIC peers · 18/25
Employees15th percentile among SIC peers · 2/15
LiquidityCurrent ratio 8.17× · 20/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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24422North Avenue Development Co (Three) Ltd
60
How is this score calculated?
Financial strength18/25 pts

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

Employees2/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 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

£40k

Balance sheet strength

Cash

£57k

Cash in the bank

Net Current Assets

£6.3M

Working capital

Current Assets

£7.2M

Current Liabilities

£881k

Fixed Assets

£784

Debtors

£282k

0avg. employees

Balance Sheet

Assets less current liabilities£6.3M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20248.17+£0
20248.17+£52k
202310.65-£3k
202211.61—
20211.00—

Derived from filed accounts. Not audited figures.