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Wear Homes Developments Ltd

15368400

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

11 LONGMEADOWS, SUNDERLAND, SR3 3RS
Incorporated 22/12/2023

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68100
Buying and selling of own real estate

Officers

Mr James Michael Parkinson

director · Since 22/12/2023

COMPANY DIRECTOR

ENGLISH · ENGLAND · Age 38

Also on 5 other boards

Persons with Significant Control

Wear Homes Ltd

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

-, Hope Street Xchange, Sunderland, SR1 3QD

Reg: 13137931 · Uk Register Of Companies · Private Company Limited By Shares

Notified 22/12/2023

Mr Kevin Walton

25–50% shares
25–50% votes

British · England · Age 64

11, Longmeadows, Sunderland, SR3 3RS

Notified 01/11/2024

CompanyRankvs 76440+ SIC 68100 peers
47

Financial strength22th percentile among SIC peers · 6/25
Employees19th percentile among SIC peers · 3/15
LiquidityCurrent ratio 53.03× · 20/20
Longevity3 years trading (max 15) · 3/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength6/25 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.

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.

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.

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

Key FinancialsYear ending 31/12/2024

Net Worth

-£3k

Balance sheet strength

Cash

£50k

Cash in the bank

Net Current Assets

£154k

Working capital

Current Assets

£157k

Current Liabilities

£3k

0avg. employees

Balance Sheet

Assets less current liabilities£154k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
202453.03

Derived from filed accounts. Not audited figures.