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Rightway Homes Limited

13797142

active
Private Limited Company
Companies House
Health Score
73 / 100

Some Concerns

25/30
Filing
10/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • 1 outstanding charge (-2)

Details

11 BUTTERWORTH DRIVE, COVENTRY, CV4 8JL
Incorporated 13/12/2021

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68100
Buying and selling of own real estate
68209
Other letting and operating of own or leased real estate

Officers

Mr Michael Che Keng Chan

director · Since 13/12/2021

GAS ENGINEER

BRITISH · UNITED KINGDOM · Age 53

Persons with Significant Control

Mr Michael Che Keng Chan

25–50% shares
25–50% votes
Appoint directors

British · United Kingdom · Age 53

4, Wardlow Road, Ilkeston, DE7 8US

Notified 13/12/2021

Former PSCs

Ms Linda Wong Ying Chan

Ceased 31/05/2025

Charges1 outstanding

Charge
outstanding

LINDA WONG YING CHAN

Created 19/07/2022Registered 19/07/2022

CompanyRankvs 117502+ SIC 68100 peers
27

Financial strength10th percentile among SIC peers · 3/25
Employees81th percentile among SIC peers · 12/15
LiquidityCurrent ratio 0.22× · 2/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength3/25 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.

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

-£30k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

-£18k

Working capital

Current Assets

£5k

Current Liabilities

£23k

Fixed Assets

£586k

2avg. employees+1

Balance Sheet

Assets less current liabilities£568k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.22-£11k
202345.27-£12k
202277.22

Derived from filed accounts. Not audited figures.