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Met-Bar Ltd

03926584

active
Private Limited Company
Companies House
Health Score
71 / 100

Some Concerns

25/30
Filing
10/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • 2 outstanding charges (-4)

Details

MEIROS MILLS, LLANDYSUL, SA44 5UH
Incorporated 15/02/2000

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

56302
Public houses and bars

Officers

Mr Adam Roger Cole

director · Since 05/10/2022

COMPANY DIRECTOR

BRITISH · WALES · Age 36

Also on 7 other boards

Persons with Significant Control

Mr Adam Roger Cole

75–100% shares
75–100% votes
Appoint directors
right-to-appoint-and-remove-directors-as-trust
right-to-appoint-and-remove-directors-as-firm

British · Wales · Age 36

Meiros Mills, Dre-Fach Felindre, Llandysul, SA44 5UH

Notified 16/09/2022

Former PSCs

Mr Paul Brookfield

Ceased 16/09/2022

Mrs Maria Brookfield

Ceased 16/09/2022

Red Town Taverns Limited

Ceased 16/09/2022

Charges2 outstanding

Charge
outstanding

BARCLAYS SECURITY TRUSTEE LIMITED

Created 28/10/2022Registered 03/11/2022
Charge
outstanding

BARCLAYS SECURITY TRUSTEE LIMITED

Created 16/09/2022Registered 05/10/2022
Charge
satisfied

BARCLAYS BANK PLC

Created 28/10/2014Registered 06/11/2014Satisfied 28/03/2022
charge
satisfied

BARCLAYS BANK PLC

Created 11/09/2012Registered 12/09/2012Satisfied 28/03/2022
charge
satisfied

BARCLAYS BANK PLC

Created 07/09/2012Registered 11/09/2012Satisfied 28/03/2022

CompanyRankvs 12859+ SIC 56302 peers
32

Financial strength5th percentile among SIC peers · 1/25
Employees58th percentile among SIC peers · 9/15
LiquidityCurrent ratio 0.35× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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12859Met-Bar Ltd
42
How is this score calculated?
Financial strength1/25 pts

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

Employees9/15 pts

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

Liquidity2/20 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 31/03/2024

Net Worth

-£171k

Balance sheet strength

Cash

£13k

Cash in the bank

Net Current Assets

-£108k

Working capital

Current Assets

£57k

Current Liabilities

£165k

Fixed Assets

£229k

Debtors

£43k

6avg. employees

Tax at Year End(2022)

Corp tax£23k

Balance Sheet

Assets less current liabilities£122k

EstimatesDerived

YearCurrent RatioImplied Profit
20240.35-£136k
20231.41-£39k
20221.90—
20211.79—

Derived from filed accounts. Not audited figures.