Morecambe Metals (Holdings) Limited

03340567

active

Private Limited Company

Companies House

Health Score

70 / 100

Some Concerns

30/30

Filing

10/30

Financial

30/40

Risk

Going concern doubt noted in accounts (-10)
5 outstanding charges (-10)

Details

NORTHGATE, MORECAMBE, LA3 3AZ

Incorporated 26/03/1997

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

82990

Other business support service activities

Officers

James Wilson Varley

secretary · Since 26/03/1997

SCRAP METAL MERCHANT

BRITISH · UNITED KINGDOM · Age 70

Also on 2 other boards

Mr James Wilson Varley

director · Since 26/03/1997

SCRAP METAL MERCHANT

BRITISH · ENGLAND · Age 70

Also on 1 other board

Mr James John Varley

director · Since 24/03/2004

SCRAP METAL MERCHANT

BRITISH · ENGLAND · Age 44

Also on 1 other board

Persons with Significant Control

Mr James Wilson Varley

ownership-of-shares-25-to-50-percent-as-trust

voting-rights-25-to-50-percent-as-trust

British · England · Age 70

Northgate, White Lund Industrial Estate, Morecambe, LA3 3AZ

Notified 06/04/2016

Mr James John Varley

ownership-of-shares-25-to-50-percent-as-trust

voting-rights-25-to-50-percent-as-trust

British · England · Age 44

Northgate, White Lund Industrial Estate, Morecambe, LA3 3AZ

Notified 06/04/2016

Mr Harvey Thomas Bainbridge

ownership-of-shares-25-to-50-percent-as-trust

voting-rights-25-to-50-percent-as-trust

British · England · Age 44

Northgate, White Lund Industrial Estate, Morecambe, LA3 3AZ

Notified 20/11/2025

Charges5 outstanding

Charge

outstanding

SVENSKA HANDELSBANKEN AB (PUBL)

Created 17/11/2016Registered 24/11/2016

Charge

outstanding

SVENSKA HANDELSBANKEN AB (PUBL)

Created 17/11/2016Registered 24/11/2016

Charge

outstanding

SVENSKA HANDELSBANKEN AB (PUBL)

Created 17/11/2016Registered 24/11/2016

Charge

outstanding

SVENSKA HANDELSBANKEN AB (PUBL)

Created 17/11/2016Registered 24/11/2016

Charge

outstanding

SVENSKA HANDELSBANKEN AB (PUBL)

Created 08/09/2016Registered 08/09/2016

charge

satisfied

HSBC BANK PLC

Created 14/12/2007Registered 22/12/2007Satisfied 15/11/2016

charge

satisfied

HSBC BANK PLC

Created 16/09/2005Registered 28/09/2005Satisfied 15/11/2016

charge

satisfied

HSBC BANK PLC

Created 30/04/2004Registered 01/05/2004Satisfied 06/02/2016

charge

satisfied

HSBC BANK PLC

Created 15/04/2004Registered 16/04/2004Satisfied 15/11/2016

charge

satisfied

HSBC BANK PLC

Created 27/08/2003Registered 05/09/2003Satisfied 15/11/2016

charge

satisfied

MIDLAND BANK PLC

Created 03/04/1997Registered 10/04/1997Satisfied 15/11/2016

charge

satisfied

MIDLAND BANK PLC

Created 03/04/1997Registered 10/04/1997Satisfied 06/02/2016

charge

satisfied

MIDLAND BANK PLC

Created 03/04/1997Registered 10/04/1997Satisfied 15/11/2016

charge

satisfied

MIDLAND BANK PLC

Created 03/04/1997Registered 10/04/1997Satisfied 15/11/2016

CompanyRankvs 57469+ SIC 82990 peers
43

Financial strength99th percentile among SIC peers · 25/25

Employees15th percentile among SIC peers · 2/15

LiquidityCurrent ratio 0.74× · 6/20

Longevity15 years trading (max 15) · 15/15

Filing complianceAll filings up to date · 15/15

Going concern doubt -10Outstanding charges -10

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57469Morecambe Metals (Holdings) Limited

59

How is this score calculated?

Financial strength25/25 pts

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

Employees2/15 pts

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

Liquidity6/20 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.

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

any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent 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

£4.2M

Balance sheet strength

Cash

£479k

Cash in the bank

Net Current Assets

-£290k

Working capital

Current Assets

£836k

Current Liabilities

£1.1M

Fixed Assets

£2.1M

Debtors

£1.6M

Cost of Sales

£13.4M

Admin Expenses

£1.4M

Profit After Tax

£417k

0avg. employees

Tax at Year End

Corp tax£87k

Dividends paid-£745k

People Costs

Wages & salaries£848k

Balance Sheet

Intangible assets£0

Assets less current liabilities£5.3M

Prepared with CCH Software

EstimatesDerived

Year	Current Ratio	Implied Profit
2025	0.74	+£1.8M
2024	2.17	-£501k
2023	1.84	+£184k
2022	1.64	+£181k
2021	1.67	+£166k
2020	1.77	—

Derived from filed accounts. Not audited figures.