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Vela Developments Ltd

15652796

active - proposal to strike off
Private Limited Company
england wales
Companies House
Health Score
N/A

Details

EGERTON HOUSE TOWERS BUSINESS PARK, MANCHESTER, M20 2DX
Incorporated 16/04/2024

Compliance

Last accounts

30/04/2025

total exemption full

Next accounts due

31/01/2027

On track

Confirmation statement

Last: 15/04/2026

Due 29/04/2027

On track

Industry

41100
Development of building projects

Officers

Mr Sean Michael Elliott

director · Since 16/04/2024

PROPERTY DEVELOPER

BRITISH · ENGLAND · Age 47

Also on 9 other boards

Mr Michael Simon Procter

director · Since 16/04/2024

DIRECTOR

BRITISH · ENGLAND · Age 53

Also on 7 other boards

Persons with Significant Control

Mr Sean Michael Elliott

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

British · England · Age 47

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

Notified 16/04/2024

Mr Michael Simon Procter

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

British · England · Age 53

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

Notified 16/04/2024

Charges1 outstanding

Charge
outstanding

RIDGEWOOD INVESTMENTS LIMITED

Created 27/06/2024Registered 28/06/2024

CompanyRankvs 46962+ SIC 41100 peers
34

Financial strength21th percentile among SIC peers · 5/25
Employees14th percentile among SIC peers · 2/15
LiquidityCurrent ratio 29.61× · 20/20
Longevity2 years trading (max 15) · 2/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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46962Vela Developments Ltd
44
How is this score calculated?
Financial strength5/25 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.

Longevity2/15 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 30/04/2025

Net Worth

-£736

Balance sheet strength

Cash

£624

Cash in the bank

Net Current Assets

£687k

Working capital

Current Assets

£711k

Current Liabilities

£24k

Debtors

£110

0avg. employees
Prepared with v2026.25.1 limited_company_frs_102_section_1a_v1_1_3 companies_house

EstimatesDerived

YearCurrent Ratio
202529.61

Derived from filed accounts. Not audited figures.