{"name":"CELTIC DEVELOPMENT POOLS LIMITED","company_number":"SC045636","status":"Active","type":"Private Limited Company","incorporated":"1968-05-01","dissolved":null,"registered_office":"20 Davaar Street, Glasgow, G40 3RB","postcode":"G40 3RB","sic_codes":[{"code":92000,"description":"Gambling and betting activities"}],"principal_activity":"The principal activity of the company during the year continued to be that of running lotteries, football pools competitions and prize draws.","previous_names":[],"warnings":[],"accounts":{"category":"Small","year_end":"31 July","last_made_up_to":"2025-07-31","next_due":"2027-04-30"},"employees":{"count":9,"accounts_date":"2022-07-31"},"financials":[{"financial_date":"2022-07-31","turnover":2660684,"net_assets":216983,"cash":362697,"average_employees":9},{"financial_date":"2021-07-31","turnover":1462194,"net_assets":232637,"cash":344734,"average_employees":7}],"officers":{"current":7,"resigned":29,"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":0,"outstanding":0},"gazette_notices":[],"insolvency_outcome":null,"ai_summary":"Celtic Development Pools Limited presents a paradox: a business with strong operational health (82% revenue growth, healthy cash reserves, positive operating profit) that is being systematically drained by excessive interest charges exceeding its operating earnings. The interest coverage ratio of 0.95x means the company cannot service its debt from operations alone — it survives only by drawing down its cash reserves. Without restructuring the financing arrangements to reduce the £268,737 annual interest burden, the company will continue to hemorrhage equity, with net assets declining by approximately £15,000-£20,000 annually. The underlying business is sound; the capital structure is the disease.","website":null,"links":{"page":"https://www.companiesintheuk.co.uk/ltd/celtic-development-pools","people":"https://www.companiesintheuk.co.uk/company/celtic-development-pools/people","filing_history":"https://www.companiesintheuk.co.uk/company/celtic-development-pools/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/SC045636","financials":"https://www.companiesintheuk.co.uk/company/celtic-development-pools/financial","control":"https://www.companiesintheuk.co.uk/company/celtic-development-pools/control","ai_analysis":"https://www.companiesintheuk.co.uk/company/celtic-development-pools/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/celtic-development-pools"}