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Palas Developments Ltd

14244950

active
Private Limited Company
Companies House
Health Score
76 / 100

Some Concerns

30/30
Filing
10/30
Financial
36/40
Risk
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

AVONDALE HOUSE, MIDDLESEX, HATCH END, HA5 4HS
Incorporated 20/07/2022

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

41100
Development of building projects

Officers

Mr Ylli Alla

director · Since 20/07/2022

DIRECTOR

BRITISH · ENGLAND · Age 54

Also on 2 other boards

Mr Demetris Papacharalambous

director · Since 20/07/2022

DIRECTOR

BRITISH · UNITED KINGDOM · Age 60

Also on 7 other boards

Persons with Significant Control

Mr Demetris Papacharalambous

25–50% shares
25–50% votes

British · United Kingdom · Age 60

Avondale House, 262 Uxbridge Road, Middlesex, Hatch End, HA5 4HS

Notified 20/07/2022

Mr Ylli Alla

25–50% shares
25–50% votes

British · United Kingdom · Age 54

Avondale House, 262 Uxbridge Road, Middlesex, Hatch End, HA5 4HS

Notified 20/07/2022

Charges2 outstanding

Charge
outstanding

WIGMORE BRIDGING & FINANCE (BB) LIMITED

Created 26/09/2024Registered 27/09/2024
Charge
outstanding

WIGMORE BRIDGING & FINANCE (BB) LIMITED

Created 26/09/2024Registered 27/09/2024
Charge
satisfied

ROMACO SPV 2 LIMITED

Created 30/09/2022Registered 04/10/2022Satisfied 28/09/2024
Charge
satisfied

ROMACO SPV 2 LIMITED

Created 30/09/2022Registered 04/10/2022Satisfied 28/09/2024

CompanyRankvs 47520+ SIC 41100 peers
39

Financial strength94th percentile among SIC peers · 24/25
Employees0th percentile among SIC peers · 0/15
LiquidityCurrent ratio 0.93× · 6/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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47520Palas Developments Ltd
44
How is this score calculated?
Financial strength24/25 pts

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

Employees0/15 pts

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

Liquidity6/20 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 31/07/2025

Net Worth

£1.2M

Balance sheet strength

Cash

£750

Cash in the bank

Net Current Assets

-£14k

Working capital

Current Assets

£175k

Current Liabilities

£188k

Fixed Assets

£4.4M

Debtors

£174k

Balance Sheet

Assets less current liabilities£4.4M
Signed by Mr Ylli Alla Mr Demetris Papacharalambous 04/03/2026Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.93+£1.4M
20240.01-£9k
20230.01—

Derived from filed accounts. Not audited figures.