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First Right Property Limited

15797106

active
Private Limited Company
Companies House
Health Score
66 / 100

Some Concerns

30/30
Filing
0/30
Financial
36/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

96 NEWBRIDGE STREET, WOLVERHAMPTON, WV6 0EQ
Incorporated 23/06/2024

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68100
Buying and selling of own real estate
68209
Other letting and operating of own or leased real estate

Officers

Mr Reece Dwayne Vernon

director · Since 23/06/2024

MANAGING DIRECTOR

BRITISH · ENGLAND · Age 32

Also on 1 other board

Persons with Significant Control

Mr Reece Dwayne Vernon

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

British · England · Age 32

96, Newbridge Street, Wolverhampton, WV6 0EQ

Notified 23/06/2024

Former PSCs

Mr Christopher Porter

Ceased 25/06/2024

Charges2 outstanding

Charge
outstanding

KENSINGTON MORTGAGE COMPANY LIMITED

Created 19/11/2025Registered 19/11/2025
Charge
outstanding

ALDERMORE BANK PLC

Created 26/03/2025Registered 27/03/2025

CompanyRankvs 138550+ SIC 68100 peers
23

Financial strength19th percentile among SIC peers · 5/25
Employees60th percentile among SIC peers · 9/15
LiquidityCurrent ratio 0.03× · 2/20
Longevity2 years trading (max 15) · 2/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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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.

Employees9/15 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.

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 31/03/2025

Net Worth

-£6k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

-£36k

Working capital

Current Assets

£1k

Current Liabilities

£37k

Fixed Assets

£205k

1avg. employees

Balance Sheet

Assets less current liabilities£169k
Signed by Mr Reece Vernon 20/03/2026Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent Ratio
20250.03

Derived from filed accounts. Not audited figures.