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Michrome Electro-Plating Limited

00812534

active
Private Limited Company
Companies House
Health Score
76 / 100

Some Concerns

30/30
Filing
10/30
Financial
36/40
Risk
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

PLOT 19, HINCKLEY, LE10 3DJ
Incorporated 13/07/1964

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

24100
Manufacture of basic iron and steel and of ferro-alloys

Officers

Andrew Walker

director · Since 22/04/1996

ENGINEER

BRITISH · ENGLAND · Age 69

Mr Darryl John Norton

director · Since 02/02/2021

DIRECTOR

BRITISH · ENGLAND · Age 65

Also on 2 other boards

Persons with Significant Control

Latesco Limited

75–100% shares
75–100% votes

12, Greendale Road, Nuneaton, CV11 6RN

Reg: 12782679 · Companies House · Private Company

Notified 02/02/2021

Former PSCs

Mrs Karen Mckenna

Ceased 06/04/2016

Mr Brendan Mckenna

Ceased 02/02/2021

Charges2 outstanding

Charge
outstanding

LLOYDS BANK PLC

Created 12/03/2021Registered 01/04/2021
Charge
outstanding

LLOYDS BANK PLC

Created 17/02/2021Registered 22/02/2021
charge
satisfied

YORKSHIRE BANK PLC

Created 09/03/1992Registered 10/03/1992Satisfied 26/01/2021

CompanyRankvs 55+ SIC 24100 peers
71

Financial strength76th percentile among SIC peers · 19/25
Employees83th percentile among SIC peers · 12/15
LiquidityCurrent ratio 4.71× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength19/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees12/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 30/06/2025

Net Worth

£278k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

£254k

Working capital

Current Assets

£313k

Current Liabilities

£66k

Fixed Assets

£35k

9avg. employees+1

Balance Sheet

Assets less current liabilities£289k
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20254.71-£964
20243.77+£74k
20234.97+£80k
20223.37+£28k
20212.05-£122k
20203.91+£29k
20191.91+£195
20181.91

Derived from filed accounts. Not audited figures.