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Millrace Furniture Restoration Co-Operative Ltd

03038603

active
PRI/LTD BY GUAR/NSC (Private, limited by guarantee, no share capital)
Companies House
Health Score
90 / 100

Healthy

30/30
Filing
20/30
Financial
40/40
Risk

No risk factors detected.

Details

MOULSHAM MILL, CHELMSFORD, CM2 7PX
Incorporated 28/03/1995

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

31090
Manufacture of other furniture

Officers

Paul Alan Richmond

director · Since 28/03/1995

TRAINER

BRITISH · ENGLAND · Age 58

Also on 1 other board

Paul Alan Richmond

secretary · Since 17/12/2001

FURNITURE RESTORER

BRITISH · ENGLAND · Age 58

Also on 1 other board

Mr Edward Michael William Thompson

director · Since 27/09/2019

FURNITURE RESTORER

BRITISH · ENGLAND · Age 64

CompanyRankvs 802+ SIC 31090 peers
72

Financial strength55th percentile among SIC peers · 14/25
Employees55th percentile among SIC peers · 8/15
LiquidityCurrent ratio 3.59× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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802Millrace Furniture Restoration Co-Operative Ltd
72
How is this score calculated?
Financial strength14/25 pts

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

Employees8/15 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 31/03/2025

Net Worth

£4k

Balance sheet strength

Cash

£3k

Cash in the bank

Net Current Assets

£3k

Working capital

Current Assets

£5k

Current Liabilities

£1k

Fixed Assets

£281

Debtors

£770

2avg. employees

Tax at Year End(2022)

Corp tax£70

Balance Sheet

Assets less current liabilities£4k
Signed by 1.4.24Prepared with Company Accounts and Tax Online

EstimatesDerived

YearCurrent RatioImplied Profit
20253.59+£713
20244.38-£2k
20231.92-£907
20221.47+£211
20211.43—

Derived from filed accounts. Not audited figures.