Midland Automation Technology Limited
02820050
Healthy
- Going concern doubt noted in accounts (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Mr Peter Keith Francis
British · England · Age 63
Kingsway House, 40 Foregate Street, Worcester, WR1 1EE
Notified 06/04/2016
Former PSCs
Mrs Catherine Francis
Ceased 19/05/2026
CompanyRankvs 1583+ SIC 71121 peers58
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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
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
has reviewed the company’s cash flow forecasts and financial position and acknowledges that, without support, there may be uncertainty regarding the company’s ability to continue as a going concern. However, the director has confirmed that they will provide financial support to the company for a period of at least 12 months from the date of approval of these financial statements. On this ba
Key FinancialsYear ending 31/05/2025
Net Worth
£12k
Balance sheet strength
Cash
£10k
Cash in the bank
Net Current Assets
£8k
Working capital
Current Assets
£45k
Current Liabilities
£37k
Fixed Assets
£4k
Debtors
£35k
Tax at Year End(2019)
Director Loans(2024)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 1.21 | -£9k |
| 2024 | 1.43 | -£22k |
| 2023 | 1.82 | -£14k |
| 2022 | 2.03 | — |
| 2021 | 2.65 | — |
| 2020 | 3.48 | — |
| 2019 | 14.65 | -£73k |
| 2018 | 9.53 | — |
Derived from filed accounts. Not audited figures.