Morecambe Metals Limited
03332058
Healthy
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 12/03/1997
SCRAP METAL MERCHANT
BRITISH · ENGLAND · Age 70
Also on 1 other board
director · Since 09/02/2004
SCRAP METAL MERCHANT
BRITISH · ENGLAND · Age 44
Also on 2 other boards
Persons with Significant Control
Morecambe Metals (Holdings) Limited
Northgate, White Lund Industrial Estate, Morecambe, LA3 3AZ
Reg: 03340567 · Registrar Of Companies For England, Wales & Scotland · Private Limited Company
Notified 06/04/2016
Charges1 outstanding
SVENSKA HANDELSBANKEN AB (PUBL)
HSBC BANK PLC
HSBC ASSET FINANCE (UK) LIMITED AND HSBC EQUIPMENT FINANCE (UK) LIMITED
MIDLAND BANK PLC
CompanyRankvs 312+ SIC 46770 peers48
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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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to
Key FinancialsYear ending 31/03/2025
Net Worth
£2.4M
Balance sheet strength
Cash
£0
Cash in the bank
Profit Before Tax
£369k
Bottom line earnings
Net Current Assets
£365k
Working capital
Current Assets
£2.7M
Current Liabilities
£2.3M
Fixed Assets
£3.1M
Debtors
£2.3M
Admin Expenses
£1.4M
Profit After Tax
£223k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 1.16 | +£223k |
| 2024 | 0.94 | +£121k |
| 2023 | 1.36 | -£542k |
| 2022 | 1.29 | +£284k |
| 2021 | 1.45 | +£147k |
| 2020 | 1.33 | — |
Derived from filed accounts. Not audited figures.