Meridian Audio Limited
02710631
Some Concerns
- Loss before tax (-10)
- Going concern doubt noted in accounts (-10)
- 2 outstanding charges (-4)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 27/06/2014
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 53
Also on 4 other boards
secretary · Since 30/09/2014
director · Since 30/09/2014
FINANCE DIRECTOR
BRITISH · ENGLAND · Age 56
Also on 4 other boards
Persons with Significant Control
Mr Donald John Buchanan
British · United Kingdom · Age 53
Latham Road, Cambridgeshire, PE29 6YE
Notified 22/05/2018
Former PSCs
Reinet Investments S.C.A.
Ceased 18/12/2023
Charges2 outstanding
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NATIONAL WESTMINSTER BANK PLC
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CREDIT LYONNAIS
CREDIT LYONNAIS
CREDIT LYONNAIS
CompanyRankvs 43+ SIC 26400 peers63
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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
Key FinancialsYear ending 31/05/2025
Net Worth
£6.2M
Balance sheet strength
Cash
£2k
Cash in the bank
Profit Before Tax
-£226k
Bottom line earnings
Net Current Assets
£3.1M
Working capital
Current Assets
£5.9M
Current Liabilities
£2.9M
Fixed Assets
£3.6M
Debtors
£2.0M
Cost of Sales
£3.5M
Admin Expenses
£4.8M
Profit After Tax
-£253k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 2.07 | +£0 |
| 2025 | 2.07 | -£53k |
| 2024 | 2.59 | +£1.9M |
| 2023 | 0.70 | -£1.6M |
| 2022 | 1.71 | +£4.0M |
| 2021 | 1.39 | — |
Derived from filed accounts. Not audited figures.