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Midland Carbides Limited

00848471

active
Private Limited Company
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

PRINCE WILLIAM HOUSE, ASHBY DE LA ZOUCH, LE65 1AB
Incorporated 11/05/1965

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

24450
Other non-ferrous metal production
25620
Machining

Officers

Mr Paul Griffiths

director · Since 01/09/1994

ENGINEER

BRITISH · ENGLAND · Age 57

Also on 1 other board

Mr Michael Graeme Fryer

director · Since 23/11/2010

DIRECTOR

BRITISH · ENGLAND · Age 57

Also on 1 other board

Persons with Significant Control

Mr Paul Griffiths

75–100% shares

British · England · Age 57

Morawel, Llanbedrog, Pwllheli, LL53 7UA

Notified 22/11/2016

Finners Ltd

25–50% shares

Prince William House, 10 Lower Church Street, Ashby-De-La-Zouch, LE65 1AB

Reg: 14383121 · England · Limited Liability Company

Notified 09/12/2023

Charges1 outstanding

charge
outstanding

THE ROYAL BANK OF SCOTLAND PLC

Created 25/11/1993Registered 02/12/1993
charge
satisfied

LLOYDS BANK PLC

Created 14/02/1992Registered 19/02/1992Satisfied 10/12/1993
charge
satisfied

LLOYDS BANK PLC

Created 10/11/1989Registered 17/11/1989Satisfied 10/12/1993
charge
satisfied

COUNCIL FOR SMALL INDUSTRIES IN RUAL AREA

Created 08/01/1982Registered 19/01/1982Satisfied 10/12/1993
charge
satisfied

LLOYDS BANK PLC

Created 16/07/1981Registered 22/07/1981Satisfied 10/12/1993
charge
satisfied

LLOYDS BANK PLC

Created 09/02/1979Registered 19/02/1979Satisfied 10/12/1993
charge
satisfied

F. A. BAK

Created 29/11/1978Registered 20/12/1978Satisfied 10/12/1993
charge
satisfied

LLOYDS BANK PLC

Created 09/08/1977Registered 11/08/1977Satisfied 10/12/1993

CompanyRankvs 13+ SIC 24450 peers
74

Financial strength87th percentile among SIC peers · 22/25
Employees81th percentile among SIC peers · 12/15
LiquidityCurrent ratio 9.5× · 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 strength22/25 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 31/03/2025

Net Worth

£1.8M

Balance sheet strength

Cash

£804k

Cash in the bank

Net Current Assets

£1.6M

Working capital

Current Assets

£1.8M

Current Liabilities

£185k

Fixed Assets

£275k

Debtors

£582k

13avg. employees+1

Tax at Year End

Corp tax£62k

Balance Sheet

Assets less current liabilities£1.8M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20259.50+£96k
202415.60-£1.2M
202325.86+£332k
202213.86+£171k
202118.44+£118k
202021.25+£136k
201910.32+£485k
201710.72—

Derived from filed accounts. Not audited figures.