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Warning: Company is live receiver manager on at least one charge

This status significantly impacts the Vetted Score.

BESTWAY DEVELOPMENTS LTD

#04767365receivershipltd

About BESTWAY DEVELOPMENTS LTD

BESTWAY DEVELOPMENTS LTD was incorporated on 16 May 2003 as a private limited company, making it 23 years old. The company's current status is "receivership". It currently has 2 active officers on record and 4 historical appointments that have since resigned. There are 4 charges registered against this company, of which 4 remain outstanding.

Company Age23 yrs
Statusreceivership
Active Officers2
Outstanding Charges4
Vetted Score0/100

Vetted Score

0/100

Caution

Based on automated analysis of public records.

Active StatusWARN (+0/30)

Company status is receivership.

Company AgePASS (+20/20)

Operating for 23 years.

Filing ComplianceWARN (+0/20)

Company has overdue filings.

Strike-off HistoryPASS (+15/15)

No strike-off history found.

Director StabilityPASS (+15/15)

Established leadership structure.

Charges & MortgagesWARN (+0/10)

4 outstanding charge(s) registered.

Insolvency RiskWARN (+-50/0)

CRITICAL: Company is actively in live receiver manager on at least one charge.

Officer Pattern AdjustmentPASS (+0/5)

Officers have neutral track records. (Avg Officer Score: 65)

Financial Health & Compliance

Insolvency Risk: This company has a history of insolvency proceedings. Please review the Insolvency section for details before proceeding.

Annual Accounts

Overdue

null

Confirmation Statement

Overdue

Filed

Charges & Mortgages

Has Outstanding

4 Outstanding

Out of 4 total charges

Company / Officer Relationships

Visualization of directors and their other active appointments. (Limited to 5 active directors)

Loading graph...

Nature of Business (SIC)

  • 7011Unknown SIC Code
  • 7012Unknown SIC Code
  • 7487Unknown SIC Code

Key Dates & Events Timeline

Nov 8, 2005

legacy

insolvency

filing
Aug 18, 2005

legacy

annual return

filing
Mar 1, 2005

gazette filings brought up to date

gazette

filing
Feb 25, 2005

legacy

annual return

filing
Feb 15, 2005

gazette notice compulsary

gazette

filing
Feb 5, 2004

legacy

mortgage

filing
Feb 5, 2004

legacy

mortgage

filing
Feb 3, 2004

Charge Created

Status: outstanding. Finance & Credit Coporation Limited

charge
Feb 3, 2004

Charge Created

Status: outstanding. Finance & Credit Corporation Limited

charge
Feb 3, 2004

Insolvency Case: receiver-manager

Event: instrumented-on

insolvency
Nov 28, 2003

legacy

officers

filing
Nov 28, 2003

legacy

officers

filing
Nov 28, 2003

legacy

officers

filing
Nov 28, 2003

legacy

officers

filing
Nov 28, 2003

legacy

address

filing

Directors & Officers

Charges & Mortgages

4 outstanding / 4 total charge(s)

  • outstandingLegal charge
    Entitled: Finance & Credit Coporation Limited
    Created: 2004-02-03
  • outstandingDebenture
    Entitled: Finance & Credit Corporation Limited
    Created: 2004-02-03
  • outstandingLegal charge
    Entitled: Summit Advances Limited
    Created: 2003-07-21
  • outstandingDebenture
    Entitled: Summit Advances Limited
    Created: 2003-07-21

Insolvency History

  • receiver managerCase #1
    Key Dates:instrumented on: 2004-02-03
    Practitioners:
    Jason Salter (practitioner)
    Appointed: 2005-10-26

Recent Filings

  • insolvency2005-11-08
    View PDF
    legacy
  • annual return2005-08-18
    View PDF
    legacy
  • gazette2005-03-01
    View PDF
    gazette filings brought up to date
  • annual return2005-02-25
    View PDF
    legacy
  • gazette2005-02-15
    View PDF
    gazette notice compulsary

Key Dates

  • Incorporated2003-05-16
  • Next Accounts DueN/A (Overdue)
  • Next Confirmation DueN/A (Overdue)

Frequently Asked Questions

What is a Vetted Score?

The Vetted Score is a 0–100 rating calculated automatically from publicly available Companies House data. It considers factors such as the length of time the company has been active, whether filings are up to date, the number of active directors, outstanding charges, and any insolvency history. A higher score indicates fewer administrative risk signals — it is not a credit rating and does not reflect on the quality of a company's products or services.

What does “active” company status mean?

An “active” status means the company is currently registered and has not been dissolved or struck off by Companies House. It does not necessarily mean the company is currently trading — many registered companies are dormant. Always verify trading activity through direct contact or financial accounts.

What are charges and mortgages on a company?

A charge (also called a debenture or mortgage) is a form of security given by a company over its assets in favour of a lender. If a charge is “outstanding”, it means the underlying debt has not yet been repaid or discharged. Charges are registered at Companies House and are a matter of public record. An outstanding charge is not necessarily a problem — many healthy businesses borrow money secured against their assets.

How can I verify a UK company is legitimate?

You can verify any UK company by checking its record on the official Companies House register at find-and-update.company-information.service.gov.uk. Look for: an active status, recent confirmation statements and accounts filed on time, a registered office address, and at least one active director. Cross-referencing the company's website, VAT registration, and professional body memberships also helps.

What does a dissolved company mean?

A dissolved company has been removed from the Companies House register and no longer exists as a legal entity. It cannot enter contracts, employ staff, or trade. The dissolution may have been voluntary (the owners chose to close it) or compulsory (struck off by Companies House for failing to file documents). Dissolved company records remain publicly searchable.

Where does this data come from?

All company data on Vetted is sourced directly from the Companies House public API. Companies House is the UK's official registrar of companies, responsible for maintaining public records of all limited companies in England, Wales, Scotland, and Northern Ireland. This data is updated regularly but may not reflect changes made within the last 24–48 hours.