NORTH AVENUE DEVELOPMENT CO (THREE) LTD
Company number 13400869 · Monitor this company
Executive summary
NORTH AVENUE DEVELOPMENT CO (THREE) LTD is a highly leveraged property development SPV with £7.2M in assets but only £39,633 in equity – an equity ratio of just 0.55%. While the company has recently returned to positive net worth after two years of negative equity, its financial health remains fragile with 95% of assets locked in illiquid development stock and a quick ratio of just 0.38:1. The prognosis is cautiously guarded: success depends entirely on completing and selling the development at Bures Road at projected values, with virtually no margin for cost overruns or market downturns.
Shareholders' funds
£39,633
Balance sheet as at 2024-12-31
Overview
- Company type
- Private Limited Company
- Incorporated
- 2021-05-16
- Employees
- 4 (2024 accounts)
- Registered office
- Swift House Ground Floor, 18 Hoffmanns Way, Chelmsford, Essex, England, CM1 1GU
- Postcode
- CM1 1GU
- Accounts category
- Total Exemption Full
- Charges
- 0 outstanding
Accounts
- Last made up to
- 2024-12-31
- Next due by
- 2026-12-31
- Financial year end
- 31 December
Confirmation statement
- Last statement dated
- 2026-08-13
- Next due by
- 2027-08-27
Nature of business (SIC)
- 41100 Development of building projects
Officers 2 current
Group structure
Controlled by CHIGNAL PROPERTIES HOLDCO LIMITED — since 2021-08-10
From persons-with-significant-control filings on the public register.
At this address
Among the biggest employers
of 779 similar companies in CM, with 4 staff.
Competitors Chelmsford
This company ranks 404 among development of building projects in Chelmsford.
Property in England & Wales 1 title
- Freehold
- 1
- Most recent registration
- 2022-10-20
- Where
- Suffolk
| Title number | County | Tenure | Registered | Price paid |
|---|---|---|---|---|
| SK323770 | Suffolk | Freehold | 2022-10-20 | — |
For addresses and the authoritative register entry, use HM Land Registry's official search (£3 per title).
Information produced by HM Land Registry. © Crown copyright 2026. Dataset as at 2026-08.
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