Company Overview
Mgps Developments Ltd. is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Wednesday 14 July 2004, so this is a well established company. Mgps Developments Ltd. has been in business for 21 years and 8 months. The accounts status is micro entity and the accounts are next due on Wednesday 30 September 2026.
Registered Address

2 Barnard Road, Norwich, NR5 9JB
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Companies House Data
Company NameMGPS DEVELOPMENTS LTD.
Company Number05179317
Registered Office Address2 Barnard Road
 NR5 9JB
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date14/07/2004
Accounting Reference Date Day31
Accounting Reference Date Month12
Accounts Next Due Date30/09/2026
Accounts Last Made Up Date31/12/2024
Accounts Account CategoryMICRO ENTITY
Returns Next Due Date11/08/2016
Returns Last Made Up Date14/07/2015
Directors & Members
Show Resigned
Muraleethar Govindasamy - Director
(British, 55 years old, born May 1971)
Appointed 14 July 2004
 Active
Secretaries
Show Resigned
Other Company Directorships
Muraleethar Govindasamy
ATLANTIC HOTELS (CHELMSFORD) LIMITED
GS HOTELS LIMITED
GS LEISURE AND RECREATION LIMITED
GS PORTFOLIO LIMITED
HADDON PRODUCTS LIMITED
MGPS HOTELS LIMITED
MGPS PROPERTY LIMITED
MP HOTELS LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Balance Sheet
Fixed Assets 0 0 0
Current Assets 272,508 272,508 272,624
Creditors Due Within One Year 183,089 183,089 183,109
Working Cap 89,419 89,419 89,515
Total Assets Less Current Liabilities 89,419 89,419 89,515
Long-term Liabilities 0 0 0
Net Assets 89,419 89,419 89,515
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 89,419 89,419 89,515
Common Size Financial Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Tangible Fixed Assets - - -
Fixed Assets 0.0% 0.0% 0.0%
Stocks Inventory - - -
Debtors - - -
Cash Bank In Hand - - -
Current Assets 100.0% 100.0% 100.0%
Creditors Due Within One Year 67.2% 67.2% 67.2%
Net Current Assets Liabilities 32.8% 32.8% 32.8%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 32.8% 32.8% 32.8%
Capital Employed - - -
Total Assets Less Current Liabilities 32.8% 32.8% 32.8%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Liquidity Ratio 1.5 1.5 1.5
Solvency Ratio 1.5 1.5 1.5
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 5
Mortgages Outstanding 2
Mortgages Part Satisfied 0
Mortgages Satisfied 3
Assets and Debt Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2022 31-Dec-2021
Assets 272,508 272,508 272,624
Debt 183,089 183,089 183,109
Net Assets/Debt 89,419 89,419 89,515

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
Other Business around NR5 9JB
VANCEBUILD LIMITED
WALSTAN HOUSE BARNARD ROAD, BOWTHORPE EMPLOYMENT AREA, NORWICH, NORFOLK, NR5 9JB
NORFOLK SAFETY CIC
BOWTHORPE TRAINING & DEVELOPMENT CENTRE, BARNARD ROAD, NORWICH, NORFOLK, NR5 9JB
VANCEBUILD GROUP LTD
WALSTAN HOUSE BARNARD ROAD, BOWTHORPE EMPLOYMENT AREA, NORWICH, NORFOLK, NR5 9JB
MGPS PROPERTY LIMITED
2 BARNARD ROAD, NORWICH, NR5 9JB
MGPS HOTELS LIMITED
2 BARNARD ROAD, NORWICH, NR5 9JB
STAINLESS FINISHING SOLUTIONS LTD.
WALSTAN HOUSE BARNARD ROAD, BOWTHORPE EMPLOYMENT AREA, NORWICH, NORFOLK, NR5 9JB
GS HOTELS LIMITED
THE BROOK HOTEL 2 BARNARD ROAD, BOWTHORPE, NORWICH, NORFOLK, NR5 9JB
MP HOTELS LIMITED
2 BARNARD ROAD, NORWICH, NR5 9JB
FINLEX (2006) LTD
Walstan House Barnard Road, Bowthorpe Employment Area, Norwich, Norfolk, NR5 9JB
GS PORTFOLIO LIMITED
2 BARNARD ROAD, BOWTHORPE, NORWICH, NR5 9JB
Document Filings
Confirmation statement made on 24 August 2025 with no updates
Confirmation statement made on 24 August 2024 with no updates
Termination of appointment of Paul Nicholas Stollery as a director on 5 September 2024
Termination of appointment of Paul Nicholas Stollery as a secretary on 5 September 2024
Satisfaction of charge 051793170005 in full
Satisfaction of charge 3 in full
Satisfaction of charge 2 in full
Confirmation statement made on 24 August 2023 with no updates
Confirmation statement made on 24 August 2022 with no updates
Confirmation statement made on 24 August 2021 with updates
Confirmation statement made on 24 August 2020 with no updates
Confirmation statement made on 24 August 2019 with no updates
Confirmation statement made on 24 August 2018 with no updates
Confirmation statement made on 24 August 2017 with no updates
Confirmation statement made on 14 July 2017 with no updates
Registration of charge 051793170005, created on 26 January 2017
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