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Midworth Heating Co. Limited

01119013

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)

Details

137 OLDHAM ROAD, MANCHESTER, M24 2LD
Incorporated 19/06/1973

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

43220
Plumbing, heat and air-conditioning installation

Officers

Mr Paul Alan Booth

director · Since 01/03/2017

DIRECTOR

BRITISH · ENGLAND · Age 59

Persons with Significant Control

Mr Paul Alan Booth

75–100% shares
75–100% votes
Appoint directors

British · England · Age 59

137, Oldham Road, Manchester, M24 2LD

Notified 23/02/2021

Former PSCs

Mr Alan Booth

Ceased 01/03/2017

CompanyRankvs 29647+ SIC 43220 peers
35

Financial strength1th percentile among SIC peers · 0/25
Employees21th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.19× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength0/25 pts

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

Employees3/15 pts

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

Liquidity2/20 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.

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

Key FinancialsYear ending 31/08/2024

Net Worth

-£107k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

-£103k

Working capital

Current Assets

£25k

Current Liabilities

£128k

1avg. employees

Balance Sheet

Assets less current liabilities-£103k

EstimatesDerived

YearCurrent RatioImplied Profit
20240.19-£460
20230.11-£34k
20220.34+£9k
20210.26-£21k
20200.57-£12k
2019+£10k
20180.37

Derived from filed accounts. Not audited figures.