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Midas Transport Limited

03703563

active
Private Limited Company
england wales
Companies House
Health Score
72 / 100

Some Concerns

30/30
Filing
10/30
Financial
32/40
Risk
  • Current liabilities exceed current assets (-10)
  • 4 outstanding charges (-8)

Details

STEPHENSON AVENUE, SPALDING, PE11 3SW
Incorporated 28/01/1999

Compliance

Last accounts

30/01/2025

total exemption full

Next accounts due

30/10/2026

On track

Confirmation statement

Last: 28/01/2026

Due 11/02/2027

On track

Industry

49410
Freight transport by road

Officers

Mr Michael Smith

director · Since 28/01/1999

HAULAGE CONTRACTOR

BRITISH · ENGLAND · Age 62

Also on 1 other board

Mr Lee Whyte

director · Since 13/05/2025

OPERATIONS MANAGER

BRITISH · ENGLAND · Age 48

Persons with Significant Control

Mr Michael Smith

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

British · England · Age 62

Stephenson Avenue, Pinchbeck, Spalding, PE11 3SW

Notified 28/01/2017

Charges4 outstanding

Charge
outstanding

ALDERMORE BANK PLC

Created 18/02/2020Registered 20/02/2020
Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 09/03/2018Registered 16/03/2018
Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 29/05/2015Registered 30/05/2015
Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 13/04/2015Registered 15/04/2015
charge
satisfied

THE ROYAL BANK OF SCOTLAND COMMERCIAL SERVICES LIMITED (SECURITY HOLDER)

Created 27/04/2004Registered 06/05/2004Satisfied 07/07/2020
charge
satisfied

LLOYDS TSB BANK PLC

Created 17/01/2003Registered 24/01/2003Satisfied 02/06/2009

CompanyRankvs 15396+ SIC 49410 peers
51

Financial strength96th percentile among SIC peers · 24/25
Employees9th percentile among SIC peers · 1/15
LiquidityCurrent ratio 0.9× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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15396Midas Transport Limited
57
How is this score calculated?
Financial strength24/25 pts

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

Employees1/15 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 30/01/2025

Net Worth

£534k

Balance sheet strength

Cash

£40k

Cash in the bank

Net Current Assets

-£137k

Working capital

Current Assets

£1.2M

Current Liabilities

£1.3M

Fixed Assets

£1.1M

Debtors

£1.1M

0avg. employees-19

Balance Sheet

Assets less current liabilities£983k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20250.90+£45k
20240.87+£67k
20230.86+£117k
20220.81+£256k
20210.69—
20200.72—
20190.63—

Derived from filed accounts. Not audited figures.