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Redcoast Property Developments Ltd

14500627

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

74 COLLEGE ROAD, MAIDSTONE, ME15 6SL
Incorporated 23/11/2022

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

41100
Development of building projects

Officers

Mr David Garry Beaney

director · Since 23/11/2022

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 37

Also on 1 other board

Mr Padraig Joseph Hughes

director · Since 23/11/2022

COMPANY DIRECTOR

IRISH · ENGLAND · Age 70

Also on 3 other boards

Mr Michael John Pile

director · Since 23/11/2022

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 46

Also on 4 other boards

Persons with Significant Control

Mr Padraig Joseph Hughes

25–50% shares
25–50% votes

Irish · England · Age 70

74, College Road, Maidstone, ME15 6SL

Notified 23/11/2022

Mr David Garry Beaney

25–50% shares
25–50% votes

British · England · Age 37

74, College Road, Maidstone, ME15 6SL

Notified 23/11/2022

Mr Michael John Pile

25–50% shares
25–50% votes

British · England · Age 46

74, College Road, Maidstone, ME15 6SL

Notified 23/11/2022

CompanyRankvs 52610+ SIC 41100 peers
42

Financial strength5th percentile among SIC peers · 1/25
Employees15th percentile among SIC peers · 2/15
LiquidityCurrent ratio 803.73× · 20/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
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52610Redcoast Property Developments Ltd
41
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.

Employees2/15 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.

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 30/11/2024

Net Worth

-£120k

Balance sheet strength

Cash

£2k

Cash in the bank

Net Current Assets

£1.3M

Working capital

Current Assets

£1.3M

Current Liabilities

£2k

Debtors

£14k

0avg. employees

Balance Sheet

Assets less current liabilities£1.3M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
2024803.73-£77k
202342.23—

Derived from filed accounts. Not audited figures.