{"name":"MYWAY DEVELOPMENTS LIMITED","company_number":"03817182","status":"Active","type":"Private Limited Company","incorporated":"1999-07-30","dissolved":null,"registered_office":"Verdemar House, 230 Park View, Whitley Bay, Tyne & Wear, NE26 3QR","postcode":"NE26 3QR","sic_codes":[{"code":68209,"description":"Other letting and operating of own or leased real estate"}],"principal_activity":null,"previous_names":[],"warnings":[],"accounts":{"category":"Unaudited Abridged","year_end":"31 December","last_made_up_to":"2025-12-31","next_due":"2027-09-30"},"employees":{"count":1,"accounts_date":"2025-12-31"},"financials":[{"financial_date":"2025-12-31","net_assets":766429,"cash":99161,"average_employees":1},{"financial_date":"2024-12-31","net_assets":783500,"cash":114298,"average_employees":1},{"financial_date":"2023-12-31","net_assets":857774,"cash":188484},{"financial_date":"2022-12-31","net_assets":907001,"cash":232624},{"financial_date":"2021-12-31","net_assets":899143,"cash":226143}],"officers":{"current":2,"resigned":2,"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":1,"outstanding":1},"gazette_notices":[],"insolvency_outcome":null,"ai_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.","website":null,"links":{"page":"https://www.companiesintheuk.co.uk/ltd/myway-developments","people":"https://www.companiesintheuk.co.uk/company/myway-developments/people","filing_history":"https://www.companiesintheuk.co.uk/company/myway-developments/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/03817182","financials":"https://www.companiesintheuk.co.uk/company/myway-developments/financial","control":"https://www.companiesintheuk.co.uk/company/myway-developments/control","charges":"https://www.companiesintheuk.co.uk/company/myway-developments/charges","ai_analysis":"https://www.companiesintheuk.co.uk/company/myway-developments/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/myway-developments"}