Midgulf Services Limited
03442494
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 3 outstanding charges (-6)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
secretary · Since 13/05/2013
director · Since 15/05/2019
BUSINESSMAN
BRITISH · UNITED ARAB EMIRATES · Age 45
Also on 1 other board
Dr. Mohamed Zafer Dajani
director · Since 17/06/2021
BUSINESSMAN
BRITISH · UNITED ARAB EMIRATES · Age 83
Persons with Significant Control
Mrs. Omaima Said Baidas
British · United Arab Emirates · Age 82
Catalyst House, The Brentano Suite, Centennial Avenue, Midgulf Services Ltd, Suite 160, Borehamwood, WD6 3SY
Notified 11/07/2022
Former PSCs
Dr Huraira Dajani
Ceased 20/04/2021
Dr. Mohamed Zafer Dajani
Ceased 11/07/2022
Charges3 outstanding
BANQUE DE COMMERCE ET DE PLACEMENTS S.A.
BANQUE DE COMMERCE ET DE PLACEMENTS SA
CREDIT EUROPE BANK (SUISSE) SA
CA INDOSUEZ (SWITZERLAND) SA
CREDIT AGRICOLE INDOSUEZ (SUISSE) SA
CREDIT AGRICOLE INDOSUEZ (SUISSE) SA
CompanyRankvs 7320+ SIC 96090 peers57
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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 going co
Key FinancialsYear ending 31/12/2025
Turnover
£8.6M
Annual revenue
Net Worth
£1.9M
Balance sheet strength
Cash
£82k
Cash in the bank
Profit Before Tax
£32k
Bottom line earnings
Net Current Assets
£1.9M
Working capital
Current Assets
£2.6M
Current Liabilities
£730k
Fixed Assets
£478
Debtors
£2.6M
Cost of Sales
£8.3M
Gross Profit
£343k
Admin Expenses
£282k
Operating Profit
£61k
Profit After Tax
£24k
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 3.62 | +£24k |
| 2024 | 1.88 | +£43k |
| 2023 | 7.33 | — |
Derived from filed accounts. Not audited figures.