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Milltek Sport Limited

01722682

active
Private Limited Company
Companies House
Health Score
83 / 100

Healthy

25/30
Filing
20/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

UNIT 8 VICTORIA WAY, PRIDE PARK, DERBYSHIRE, DE24 8AN
Incorporated 12/05/1983

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

25990
Manufacture of other fabricated metal products

Officers

Mrs Caroline Millington

secretary · Since 22/04/1992

BRITISH · ENGLAND · Age 67

Also on 5 other boards

Mr Philip Nigel Millington

director · Since 22/04/1992

MANAGING DIRECTOR

BRITISH · ENGLAND · Age 73

Also on 5 other boards

Mrs Caroline Ann Millington

director · Since 01/04/1998

DIRECTOR

BRITISH · ENGLAND · Age 67

Also on 1 other board

Mr Steven William Pound

director · Since 01/09/2013

MANAGING DIRECTOR

BRITISH · ENGLAND · Age 47

Persons with Significant Control

Mantawin Limited

75–100% shares

10, Stadium Business Court, Millennium Way, Derby, DE24 8HP

Reg: 02332993 · Register Of Companies England · Limited Company

Notified 22/04/2016

Charges1 outstanding

Charge
outstanding

ASHMEAD INVESTMENTS LIMITED

Created 18/12/2019Registered 19/12/2019
Charge
satisfied

ASHMEAD INVESTMENTS LIMITED

Created 01/02/2018Registered 06/02/2018Satisfied 19/12/2019
Charge
satisfied

CAROLINE MILLINGTON LIMITED AS TRUSTEES OF THE FALCON EXHAUSTS LIMITED RETIREMENT BENEFIT SCHEM · PHILIP MILLINGTON LIMITED AS TRUSTEES OF THE FALCON EXHAUSTS LIMITED RETIREMENT BENEFIT SCHEME · TM TRUSTEES LIMITED AS TRUSTEES OF THE FALCON EXHAUSTS LIMITED RETIREMENT BENEFIT SCHEME

Created 25/11/2015Registered 01/12/2015Satisfied 22/01/2018
charge
satisfied

3I PLC

Created 28/04/1989Registered 08/05/1989Satisfied 15/07/2015
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 20/07/1987Registered 08/08/1987Satisfied 10/03/2000
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 20/07/1987Registered 23/07/1987Satisfied 08/10/2015

CompanyRankvs 748+ SIC 25990 peers
65

Financial strength97th percentile among SIC peers · 24/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.99× · 16/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength24/25 pts

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

Employees15/15 pts

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

Liquidity16/20 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

Going concern doubt: -10 pts

Outstanding charges: -10 pts

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

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are d

Key FinancialsYear ending 31/12/2021

Turnover

£12.7M

Annual revenue

Net Worth

£4.0M

Balance sheet strength

Cash

£1.2M

Cash in the bank

Profit Before Tax

£2.7M

Bottom line earnings

Net Current Assets

£2.9M

Working capital

Current Assets

£5.9M

Current Liabilities

£3.0M

Fixed Assets

£2.5M

Debtors

£2.0M

Cost of Sales

£6.6M

Gross Profit

£6.1M

Admin Expenses

£2.1M

Operating Profit

£2.7M

Profit After Tax

£2.2M

62avg. employees+4

Tax at Year End

Corp tax£93k
Dividends paid£1.3M

Director Loans

Directors owe company£489k

Balance Sheet

Bank loans & overdrafts£250k
Assets less current liabilities£5.5M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20211.99+£903k
20201.92+£838k
20191.77-£823k£1.7M
20181.91

Derived from filed accounts. Not audited figures.