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Michigan Industries Limited

02150270

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)

Details

WEST 2 ASAMA COURT, NEWCASTLE UPON TYNE, NE4 7YD
Incorporated 24/07/1987

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46420
Wholesale of clothing and footwear
82990
Other business support service activities

Officers

Philip George Walton

director · Since 11/02/1991

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 77

Also on 9 other boards

Persons with Significant Control

Philip George Walton

75–100% shares
75–100% votes

British · England · Age 77

West 2, Asama Court, Newcastle Upon Tyne, NE4 7YD

Notified 06/04/2016

CompanyRankvs 2361+ SIC 46420 peers
61

Financial strength92th percentile among SIC peers · 23/25
Employees50th percentile among SIC peers · 8/15
LiquidityNo balance sheet data · 0/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Show leaderboard
1Loake Brothers Limited
90
2Dewhurst Dent P.L.C.
90
3W.Brewin And Company Limited
90
4Aykroyd & Sons Limited
90
5Dennys Uniforms Limited
90
6A. W. Bent Limited
90
7Burt Bros.(Hosiery)Limited
90
8Continental Textiles (Manchester) Limited
90
9Charterhouse Holdings Plc
90
10Turnbull & Asser Limited
90
2361Michigan Industries Limited
61
How is this score calculated?
Financial strength23/25 pts

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

Employees8/15 pts

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

Liquidity0/20 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 31/12/2023

Net Worth

£377k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£377k

Working capital

Current Assets

£377k

Current Liabilities

—

Debtors

£37k

1avg. employees

Balance Sheet

Assets less current liabilities£377k
Prepared with Sage Accounts Production 23.0 - FRS102_2023

EstimatesDerived

YearImplied Profit
2023+£0

Derived from filed accounts. Not audited figures.