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Morgan Audio Systems Limited

02977879

active
Private Limited Company
england wales
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

BRON-Y-CWM, MOLD, CH7 5RW
Incorporated 11/10/1994

Compliance

Last accounts

31/10/2024

micro entity

Next accounts due

31/07/2026

On track

Confirmation statement

Last: 11/10/2025

Due 25/10/2026

On track

Industry

26400
Manufacture of consumer electronics

Officers

Mr Peter Harper

director · Since 18/10/1994

DIRECTOR

BRITISH · WALES · Age 68

Also on 5 other boards

Mrs Patricia Helen Harper

secretary · Since 03/08/2005

BRITISH · UNITED KINGDOM · Age 68

Also on 5 other boards

Mrs Patricia Helen Harper

director · Since 10/10/2012

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 68

Also on 5 other boards

Persons with Significant Control

Mr Peter Harper

Significant control
significant-influence-or-control-as-firm

British · Wales · Age 68

Bron-Y-Cwm, Nannerch, Mold, CH7 5RW

Notified 06/04/2016

Mrs Patricia Helen Harper

25–50% shares

British · United Kingdom · Age 68

Bron-Y-Cwm, Nannerch, Mold, CH7 5RW

Notified 06/04/2016

CompanyRankvs 517+ SIC 26400 peers
44

Financial strength3th percentile among SIC peers · 1/25
Employees74th percentile among SIC peers · 11/15
LiquidityCurrent ratio 0.07× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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517Morgan Audio Systems Limited
44
How is this score calculated?
Financial strength1/25 pts

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

Employees11/15 pts

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

Liquidity2/20 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 31/10/2025

Net Worth

-£304k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£9k

Working capital

Current Assets

£646

Current Liabilities

£10k

2avg. employees

Balance Sheet

Assets less current liabilities-£9k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.07-£551
20240.07-£434
20230.08—

Derived from filed accounts. Not audited figures.