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Midland Bearings Limited

02839330

active
Private Limited Company
england wales
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)

Details

BUILDING 33 SECOND AVENUE, KINGSWINFORD, DY6 7UG
Incorporated 26/07/1993

Compliance

Last accounts

31/07/2025

total exemption full

Next accounts due

30/04/2027

On track

Confirmation statement

Last: 23/08/2025

Due 06/09/2026

On track

Industry

46760
Wholesale of other intermediate products

Officers

Mr Philip Mark Chesworth

secretary · Since 26/07/1993

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 65

Also on 8 other boards

Mr Philip Mark Chesworth

director · Since 26/07/1993

COMPANY DIRECTOR

BRITISH · Age 65

Also on 8 other boards

Mrs Claire Louise Chesworth

director · Since 21/07/2005

DIRECTOR

BRITISH · UNITED KINGDOM · Age 64

Also on 1 other board

Mr Peter Chesworth

director · Since 01/10/2024

DIECTOR

BRITISH · UNITED KINGDOM · Age 38

Also on 2 other boards

Persons with Significant Control

Mr Philip Mark Chesworth

75–100% shares
75–100% votes
Appoint directors

British · United Kingdom · Age 65

Building 33, Second Avenue, Kingswinford, DY6 7UG

Notified 06/04/2016

Charges0 outstanding

charge
satisfied

NMB-HELLER LIMITED

Created 28/08/2000Registered 08/09/2000Satisfied 18/10/2016

CompanyRankvs 820+ SIC 46760 peers
70

Financial strength25th percentile among SIC peers · 6/25
Employees95th percentile among SIC peers · 14/15
LiquidityCurrent ratio 33.58× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength6/25 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.

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/07/2025

Net Worth

£88

Balance sheet strength

Cash

£1.7M

Cash in the bank

Net Current Assets

£18.0M

Working capital

Current Assets

£18.6M

Current Liabilities

£553k

Fixed Assets

£452k

Debtors

£4.3M

Profit After Tax

-£421k

27avg. employees-1

Tax at Year End(2023)

Corp tax£918k

People Costs(2023)

Wages & salaries£1.2M
NI contributions£53k

Balance Sheet

Assets less current liabilities£18.5M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
202533.58—
20249.03-£4.8M
202317.64+£3.4M
20225.45+£7.9M
20213.02+£1.7M
202010.63+£981k
20197.68+£1.3M
20189.21—

Derived from filed accounts. Not audited figures.