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Orac Developments Ltd

13461668

active
Private Limited Company
Companies House
Health Score
78 / 100

Some Concerns

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

Details

40 HIGHER BRIDGE STREET, BOLTON, BL1 2HA
Incorporated 17/06/2021

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68209
Other letting and operating of own or leased real estate

Officers

Mr Neil Batty

director · Since 17/06/2021

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 52

Mr David Edward Thornton

director · Since 17/06/2021

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 40

Also on 2 other boards

Persons with Significant Control

Mr Neil Batty

25–50% shares

British · United Kingdom · Age 52

Churchgate House, Churchgate House, 30, Churchgate, Bolton, BL1 1HL

Notified 17/06/2021

Mr David Edward Thornton

25–50% shares

British · United Kingdom · Age 40

Thornton & Lowe Ltd, Thornton & Lowe Ltd, 40, Higher Bridge Street, Bolton, BL1 2HA

Notified 17/06/2021

Charges1 outstanding

Charge
outstanding

KENSINGTON MORTGAGE COMPANY LIMITED

Created 27/05/2022Registered 06/06/2022

CompanyRankvs 132070+ SIC 68209 peers
62

Financial strength78th percentile among SIC peers · 20/25
Employees77th percentile among SIC peers · 12/15
LiquidityCurrent ratio 45.35× · 20/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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13207Orac Developments Ltd
72
How is this score calculated?
Financial strength20/25 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.

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 30/06/2025

Net Worth

£104k

Balance sheet strength

Cash

£28k

Cash in the bank

Net Current Assets

£39k

Working capital

Current Assets

£40k

Current Liabilities

£873

Debtors

£12k

2avg. employees

Balance Sheet

Assets less current liabilities£409k
Signed by 13461668 2024-07-01 2025-06-30 13461668 2025-06-30 13461668 bus:OrdinaryShareClass1 2025-06-30 13461668 core:CurrentFinaPrepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
202545.35+£0
202545.35-£2k
202412.67+£292
202347.20+£13k

Derived from filed accounts. Not audited figures.