MYWAY DEVELOPMENTS LIMITED
Company number 03817182 · Monitor this company
Executive summary
Myway Developments Limited is a property investment company with a fundamentally sound balance sheet underpinned by a £640,000 investment property and minimal debt, earning a financial health grade of B-. However, the company exhibits chronic symptoms of financial deterioration, with net assets declining by 15.5% (£140,572) from their 2022 peak and cash reserves haemorrhaging by 57% over the same period. While no immediate insolvency risk exists due to excellent liquidity ratios, the persistent erosion of retained earnings and cash reserves requires urgent diagnostic investigation to determine whether the cause is operational losses, excessive distributions, or rising costs. Without intervention to restore positive cash flow generation, the company's financial vitality will continue to weaken steadily over the medium term.
Shareholders' funds
£766,429
Balance sheet as at 2025-12-31
Overview
- Company type
- Private Limited Company
- Incorporated
- 1999-07-30
- Employees
- 1 (2025 accounts)
- Registered office
- Verdemar House, 230 Park View, Whitley Bay, Tyne & Wear, NE26 3QR
- Postcode
- NE26 3QR
- Capital
- 1 GBP
- Accounts category
- Unaudited Abridged
- Charges
- 1 outstanding
Accounts
- Last made up to
- 2025-12-31
- Next due by
- 2027-09-30
- Financial year end
- 31 December
Confirmation statement
- Last statement dated
- 2026-07-30
- Next due by
- 2027-08-13
Nature of business (SIC)
- 68209 Other letting and operating of own or leased real estate
Officers 2 current · 2 resigned
Previous registered addresses 2
| Address | Changed on |
|---|---|
| 17-21 ST RONANS ROAD, WHITLEY BAY, TYNE & WEAR, NE25 8AX | 2000-12-12 |
| 1 SAVILLE CHAMBERS 5 NORTH, STREET, NEWCASTLE UPON TYNE, TYNE & WEAR NE1 8DF | 1999-08-23 |
Among its peers
Top 10%
by shareholders' funds, of 2,522 similar companies in NE
Among the oldest 25% of its local peers, trading since 1999.
Competitors Newcastle Upon Tyne
This company ranks 241 among other letting and operating of own or leased real estate in Newcastle Upon Tyne.
The class of 1999
74%
of the 2,496 companies in this sector incorporated in 1999 are still active today; 24% have since been dissolved.
A fact about the year, not a forecast for this company.
Property in England & Wales 1 title
- Freehold
- 1
- Most recent registration
- 2000-02-04
- Where
- Tyne And Wear
| Title number | County | Tenure | Registered | Price paid |
|---|---|---|---|---|
| TY360537 | Tyne And Wear | Freehold | 2000-02-04 | — |
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.