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First Rate Developments Limited

14206812

active
Private Limited Company
england wales
Companies House
Health Score
64 / 100

Some Concerns

30/30
Filing
0/30
Financial
34/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

CORBY ENTERPRISE CENTRE, CORBY, NN17 5EU
Incorporated 30/06/2022

Compliance

Last accounts

30/06/2026

micro entity

Next accounts due

31/03/2028

On track

Confirmation statement

Last: 27/10/2025

Due 10/11/2026

On track

Industry

68100
Buying and selling of own real estate
68320
Management of real estate on a fee or contract basis

Officers

Mr Spencer John Joyce

director · Since 30/06/2022

DIRECTOR

BRITISH · UNITED KINGDOM · Age 38

Also on 2 other boards

Mr Jordan James Walsh

director · Since 30/06/2022

DIRECTOR

BRITISH · UNITED KINGDOM · Age 36

Also on 4 other boards

Persons with Significant Control

Mr Jordan James Walsh

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

British · United Kingdom · Age 36

Corby Enterprise Centre, London Road, Corby, NN17 5EU

Notified 30/06/2022

Mr Spencer John Joyce

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

British · United Kingdom · Age 38

Corby Enterprise Centre, London Road, Corby, NN17 5EU

Notified 30/06/2022

Charges3 outstanding

Charge
outstanding

DARLINGTON BUILDING SOCIETY

Created 08/05/2026Registered 15/05/2026
Charge
outstanding

ALDERMORE BANK PLC

Created 15/03/2024Registered 15/03/2024
Charge
outstanding

THE MORTGAGE WORKS (UK) PLC

Created 30/06/2023Registered 30/06/2023

CompanyRankvs 169372+ SIC 68100 peers
17

Financial strength10th percentile among SIC peers · 3/25
Employees19th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.06× · 2/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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169372First Rate Developments Limited
27
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.

Employees3/15 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.

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 30/06/2026

Net Worth

-£27k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£507k

Working capital

Current Assets

£34k

Current Liabilities

£541k

Fixed Assets

£480k

0avg. employees
Signed by Mr J Walsh,Prepared with IRIS Elements Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20260.06+£352
20250.01-£2k
20240.01-£17k
20230.00—

Derived from filed accounts. Not audited figures.