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Mutual Mills Limited

03459289

active
Private Limited Company
england wales
Companies House
Health Score
73 / 100

Some Concerns

25/30
Filing
10/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

PRESCO HOUSE, WALSALL, WS1 2JN
Incorporated 28/10/1997

Compliance

Last accounts

31/12/2024

audit exemption subsidiary

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 28/10/2025

Due 11/11/2026

On track

Industry

13100
Preparation and spinning of textile fibres
52103
52103

Officers

Mrs Diane Leslie Parkes

secretary · Since 28/10/1997

DIRECTOR / SECRETARY

BRITISH · UNITED KINGDOM · Age 80

Also on 14 other boards

Mrs Diane Leslie Parkes

director · Since 28/10/1997

DIRECTOR / SECRETARY

BRITISH · UNITED KINGDOM · Age 80

Also on 14 other boards

Mr Robert William Parkes

director · Since 28/10/1997

DIRECTOR

BRITISH · ENGLAND · Age 80

Also on 5 other boards

Mr Christopher James Parkes

director · Since 26/04/2001

NONE

BRITISH · UNITED KINGDOM · Age 54

Also on 9 other boards

Persons with Significant Control

Robert Parkes (Holdings) Limited

75–100% shares
75–100% votes
Appoint directors

Presco House, Selborne Street, Walsall, WS1 2JN

Reg: 01307130 · Companies House · Private Limited Company

Notified 31/12/2020

Former PSCs

Mr Robert William Parkes

Ceased 31/12/2020

Charges1 outstanding

Charge
outstanding

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LLOYDS TSB BANK PLC

Created 15/12/2011Registered 16/12/2011Satisfied 23/04/2026
charge
satisfied

THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND

Created 26/01/2007Registered 06/02/2007Satisfied 23/04/2026
charge
satisfied

THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND

Created 26/01/2007Registered 06/02/2007Satisfied 11/10/2017
charge
satisfied

THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND

Created 26/01/2007Registered 06/02/2007Satisfied 21/02/2017
charge
satisfied

BARCLAYS BANK PLC

Created 10/01/2006Registered 11/01/2006Satisfied 21/01/2012
charge
satisfied

BARCLAYS BANK PLC

Created 05/07/2001Registered 11/07/2001Satisfied 21/01/2012

CompanyRankvs 17+ SIC 13100 peers
74

Financial strength92th percentile among SIC peers · 23/25
Employees75th percentile among SIC peers · 11/15
LiquidityCurrent ratio 7.9× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength23/25 pts

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

Employees11/15 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.

Risk deductions

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/12/2023

Net Worth

£2.4M

Balance sheet strength

Cash

£103k

Cash in the bank

Net Current Assets

£1.1M

Working capital

Current Assets

£1.3M

Current Liabilities

£160k

Fixed Assets

£1.6M

Debtors

£1.2M

Profit After Tax

£40k

8avg. employees-2

Tax at Year End

Corp tax£17k

Balance Sheet

Assets less current liabilities£2.7M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20237.90+£727k
20208.24+£28k
20197.83+£32k
20187.24

Derived from filed accounts. Not audited figures.