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Polaris Developments Ltd

15220022

active
Private Limited Company
england wales
Companies House
2 outstanding charges
Health Score
61 / 100

Some Concerns

25/30
Filing
0/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

EGERTON HOUSE TOWERS BUSINESS PARK, MANCHESTER, M20 2DX
Incorporated 18/10/2023

Compliance

Last accounts

31/10/2024

total exemption full

Next accounts due

31/07/2026

On track

Confirmation statement

Last: 17/10/2025

Due 31/10/2026

On track

Industry

41100
Development of building projects

Officers

Mr Sean Michael Elliott

director · Since 18/10/2023

DIRECTOR

BRITISH · ENGLAND · Age 47

Also on 9 other boards

Persons with Significant Control

Mr Sean Michael Elliott

75–100% shares
75–100% votes
Appoint directors

British · United Kingdom · Age 47

Egerton House, Towers Business Park, Manchester, M20 2DX

Notified 18/10/2023

Former PSCs

Mr Michael Simon Procter

Ceased 30/01/2026

Charges2 outstanding

A registered charge
outstanding

Pmj Capital Limited

First fixed legal charge of all properties acquired by the company in the future, including but not limited to 123 milnrow road, shaw oldham OL2 7TN registered under title number MAN424445 and 2 cyril street, shaw, oldham OL2 7TS registered under title number MAN426272 please see instrument for more details.

Created 13/03/2026Registered 23/03/2026
A registered charge
outstanding

Pmj Capital Limited

123 milnrow road. Shaw, oldham OL2 7TN registered under title number MAN424445 and 2 cyril street, shaw, oldham OL2 7TS registered under title number MAN426272.

Created 13/03/2026Registered 16/03/2026

CompanyRankvs 72123+ SIC 41100 peers
25

Financial strength3th percentile among SIC peers · 1/25
Employees68th percentile among SIC peers · 10/15
LiquidityCurrent ratio 0.52× · 6/20
Longevity3 years trading (max 15) · 3/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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72123Polaris Developments Ltd
30
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.

Employees10/15 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.

Longevity3/15 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 31/10/2024

Net Worth

-£313k

Balance sheet strength

Cash

£130k

Cash in the bank

Net Current Assets

—

Working capital

Current Assets

£335k

Current Liabilities

£648k

Debtors

£27k

2avg. employees
Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent Ratio
20240.52

Derived from filed accounts. Not audited figures.