Midlands Clothing Limited
03151479
Healthy
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/03/2025
total exemption full
Next accounts due
31/12/2026
Confirmation statement
Last: 06/02/2026
Due 20/02/2027
Industry
Officers
director · Since 26/01/1996
COMPANY SECRETARY/DIRECTOR
BRITISH · UNITED KINGDOM · Age 63
Also on 1 other board
director · Since 09/08/2023
DIRECTOR
BRITISH · UNITED KINGDOM · Age 42
Also on 2 other boards
Persons with Significant Control
Former PSCs
Mr Inderjit Sangar
Ceased 21/03/2022
Mrs Kushvinder Kaur
Ceased 21/03/2022
CompanyRankvs 255+ SIC 14190 peers68
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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
and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Going concern The directors have not identified any material uncertainties related to events that may cast significant doubt about the company's ability to continue as a going concern. 3. EMPLOYEES AN
Key FinancialsYear ending 31/03/2025
Net Worth
£102k
Balance sheet strength
Cash
£4k
Cash in the bank
Net Current Assets
£76k
Working capital
Current Assets
£878k
Current Liabilities
£802k
Fixed Assets
£34k
Debtors
£40k
Tax at Year End(2021)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 1.09 | -£4k |
| 2024 | 1.22 | -£3k |
| 2023 | 1.36 | -£16k |
| 2022 | 1.79 | +£64k |
| 2021 | 1.37 | -£16k |
| 2020 | 1.42 | +£471 |
| 2019 | 1.40 | — |
Derived from filed accounts. Not audited figures.