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71 Old Penk Ltd

13876639

active
Private Limited Company
Companies House
Health Score
68 / 100

Some Concerns

30/30
Filing
0/30
Financial
38/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

4 LONGRIDGE FARM LEVEDALE ROAD, STAFFORD, ST18 9AL
Incorporated 27/01/2022

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

41202
Construction of domestic buildings

Officers

Mr Richard Mclaughlin

director · Since 27/01/2022

DIRECTOR

BRITISH · UNITED KINGDOM · Age 55

Mr John Julian Salmon

director · Since 27/01/2022

DIRECTOR

BRITISH · UNITED KINGDOM · Age 57

Also on 8 other boards

Persons with Significant Control

John Salmon

50–75% shares
ownership-of-shares-50-to-75-percent-as-firm
50–75% votes
voting-rights-50-to-75-percent-as-firm

British · United Kingdom · Age 57

4 Longridge Farm, Levedale Road, Stafford, ST18 9AL

Notified 27/01/2022

Mr Richard Mclaughlin

ownership-of-shares-50-to-75-percent-as-firm
voting-rights-50-to-75-percent-as-firm

British · United Kingdom · Age 55

Wild Rose House, Brinsford Lane, Wolverhampton, WV10 7PR

Notified 27/01/2022

Charges1 outstanding

Charge
outstanding

MINT PROPERTY FINANCE LIMITED

Created 17/04/2024Registered 24/04/2024
Charge
satisfied

ALTERNATIVE DEVELOPMENT FINANCE LIMITED

Created 12/04/2023Registered 17/04/2023Satisfied 15/05/2026
Charge
satisfied

ALTERNATIVE DEVELOPMENT FINANCE LIMITED

Created 12/04/2023Registered 17/04/2023Satisfied 15/05/2026

CompanyRankvs 32914+ SIC 41202 peers
39

Financial strength2th percentile among SIC peers · 1/25
Employees61th percentile among SIC peers · 9/15
LiquidityCurrent ratio 4.97× · 20/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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3291471 Old Penk Ltd
49
How is this score calculated?
Financial strength1/25 pts

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

Employees9/15 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.

Longevity4/15 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 31/01/2025

Net Worth

-£162k

Balance sheet strength

Cash

£6k

Cash in the bank

Net Current Assets

£965k

Working capital

Current Assets

£1.2M

Current Liabilities

£243k

Fixed Assets

£2k

Debtors

£30k

2avg. employees

Balance Sheet

Bank loans & overdrafts£1.1M
Assets less current liabilities£967k
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20254.97+£0
20254.97-£60k
202422.20—

Derived from filed accounts. Not audited figures.