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Channel Meats Limited

01998530

active
Private Limited Company
england wales
Companies House
Health Score
84 / 100

Healthy

30/30
Filing
20/30
Financial
34/40
Risk
  • Going concern doubt noted in accounts (-10)
  • 3 outstanding charges (-6)

Details

31 CENTRAL MARKETS, SMITHFIELD, EC1A 9PS
Incorporated 11/03/1986

Compliance

Last accounts

31/12/2024

medium

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 27/04/2026

Due 11/05/2027

On track

Industry

46320
Wholesale of meat and meat products
47220
Retail sale of meat and meat products in specialised stores

Officers

Mr Adam Mark Edward Murphy

director · Since 31/03/2016

SALESMAN

BRITISH · ENGLAND · Age 42

Also on 1 other board

Mr Paul Duplock

secretary · Since 01/10/2018

Persons with Significant Control

Mr Adam Mark Edward Murphy

ownership-of-shares-75-to-100-percent-as-firm

British · England · Age 42

31 Central Markets, Smithfield, EC1A 9PS

Notified 06/04/2016

Charges3 outstanding

charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 05/12/2003Registered 12/12/2003
charge
outstanding

THE MAYOR AND COMMONALTY AND CITIZENS OF THE CITY OF LONDON

Created 24/05/2001Registered 05/06/2001
charge
outstanding

POSTEL PROPERTIES LIMITED.

Created 15/02/1988Registered 04/03/1988

CompanyRankvs 15+ SIC 46320 peers
69

Financial strength99th percentile among SIC peers · 25/25
Employees92th percentile among SIC peers · 14/15
LiquidityCurrent ratio 3.52× · 20/20
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 strength25/25 pts

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

Employees14/15 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

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 director with respect to going con

Key FinancialsYear ending 31/12/2024

Turnover

£33.9M

Annual revenue

Net Worth

£10.0M

Balance sheet strength

Cash

£3.9M

Cash in the bank

Profit Before Tax

£2.4M

Bottom line earnings

Net Current Assets

£6.2M

Working capital

Current Assets

£8.6M

Current Liabilities

£2.4M

Fixed Assets

£3.9M

Debtors

£4.5M

Cost of Sales

£30.4M

Gross Profit

£3.5M

Admin Expenses

£660k

Operating Profit

£2.3M

Profit After Tax

£1.7M

23avg. employees-1

Tax at Year End

Corp tax£390k
Dividends paid£3.1M

People Costs

Wages & salaries£1.3M
NI contributions£139k

Balance Sheet

Assets less current liabilities£10.0M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20243.52+£10.0M
20233.72-£10.8M
20223.51

Derived from filed accounts. Not audited figures.