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Mw Homes (North Wales) Ltd

15235454

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
20/30
Financial
30/40
Risk
  • No accounts filed in last 18 months (-5)
  • 5 outstanding charges (-10)

Details

TAI UCHA, TAL Y BONT, LL32 8UW
Incorporated 25/10/2023

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68209
Other letting and operating of own or leased real estate

Officers

Mr Michael Lee Bailey

director · Since 25/10/2023

BUILDER

BRITISH · UNITED KINGDOM · Age 41

Also on 2 other boards

Mr William Richard Frederick Parkes

director · Since 25/10/2023

BUILDER

BRITISH · UNITED KINGDOM · Age 41

Also on 1 other board

Persons with Significant Control

Mr William Richard Frederick Parkes

25–50% shares
25–50% votes

British · United Kingdom · Age 41

Tai Ucha, Llanbedr-Y Cennin, Tal Y Bont, LL32 8UW

Notified 25/10/2023

Mr Michael Lee Bailey

25–50% shares
25–50% votes

British · United Kingdom · Age 41

Tai Ucha, Llanbedr-Y Cennin, Tal Y Bont, LL32 8UW

Notified 25/10/2023

Charges5 outstanding

Charge
outstanding

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Charge
outstanding

ROMACO SPV 6 LIMITED

Created 10/02/2026Registered 17/02/2026
Charge
outstanding

PARATUS AMC LIMITED

Created 22/08/2024Registered 28/08/2024
Charge
outstanding

PARATUS AMC LIMITED

Created 22/08/2024Registered 28/08/2024

CompanyRankvs 196212+ SIC 68209 peers
29

Financial strength62th percentile among SIC peers · 16/25
Employees18th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.03× · 2/20
Longevity3 years trading (max 15) · 3/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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196212Mw Homes (North Wales) Ltd
38
How is this score calculated?
Financial strength16/25 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.

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

£14k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£307k

Working capital

Current Assets

£9k

Current Liabilities

£315k

Fixed Assets

£894k

0avg. employees

Balance Sheet

Assets less current liabilities£587k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20240.03

Derived from filed accounts. Not audited figures.