{"name":"NORTH AVENUE DEVELOPMENT CO (THREE) LTD","company_number":"13400869","status":"Active","type":"Private Limited Company","incorporated":"2021-05-16","dissolved":null,"registered_office":"Swift House Ground Floor, 18 Hoffmanns Way, Chelmsford, Essex, England, CM1 1GU","postcode":"CM1 1GU","sic_codes":[{"code":41100,"description":"Development of building projects"}],"principal_activity":null,"previous_names":[],"warnings":[],"accounts":{"category":"Total Exemption Full","year_end":"31 December","last_made_up_to":"2024-12-31","next_due":"2026-12-31"},"employees":{"count":4,"accounts_date":"2024-12-31"},"financials":[{"financial_date":"2024-12-31","net_assets":39633,"cash":57255,"average_employees":4},{"financial_date":"2023-12-31","net_assets":-12064,"cash":68966,"average_employees":4},{"financial_date":"2022-12-31","net_assets":-8663,"cash":35403},{"financial_date":"2021-12-31","net_assets":100,"cash":334}],"officers":{"current":2,"resigned":0,"complete":true,"note":"Names and details of individual officers are on the People page (subscriber-only on this site) and free at Companies House."},"charges":{"total":null,"outstanding":null},"gazette_notices":[],"insolvency_outcome":null,"ai_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.","website":null,"links":{"page":"https://www.companiesintheuk.co.uk/ltd/north-avenue-development-co-three","people":"https://www.companiesintheuk.co.uk/company/north-avenue-development-co-three/people","filing_history":"https://www.companiesintheuk.co.uk/company/north-avenue-development-co-three/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/13400869","financials":"https://www.companiesintheuk.co.uk/company/north-avenue-development-co-three/financial","control":"https://www.companiesintheuk.co.uk/company/north-avenue-development-co-three/control","charges":"https://www.companiesintheuk.co.uk/company/north-avenue-development-co-three/charges","ai_analysis":"https://www.companiesintheuk.co.uk/company/north-avenue-development-co-three/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/north-avenue-development-co-three"}