Multicontinental Distribution Limited
02830597
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- 3 outstanding charges (-6)
Details
Compliance
Last accounts
31/12/2024
small
Next accounts due
30/09/2026
Confirmation statement
Last: 24/06/2025
Due 08/07/2026
Industry
Officers
Persons with Significant Control
Mr Vartan Sirmakes
Turkish · Switzerland · Age 70
5th Floor, London, SW1Y 6AW
Notified 06/04/2016
Charges3 outstanding
PICTET (MONACO)
PICTET (MONACO)
PICTET (MONACO)
BANK JULIUS BAER (MONACO) S.A.M.
CREDIT SUISSE (MONACO)
BARCLAYS BANK PLC
BARCLAYS BANK PLC
CompanyRankvs 692+ SIC 82110 peers66
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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
Outstanding charges: -10 pts
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
£231k
Balance sheet strength
Cash
£109k
Cash in the bank
Net Current Assets
£231k
Working capital
Current Assets
£265k
Current Liabilities
£35k
Debtors
£156k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2023 | 7.63 | -£330k |
| 2022 | 17.26 | +£202k |
| 2021 | 10.83 | — |
Derived from filed accounts. Not audited figures.