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Midbass Distribution Limited

04043912

active
Private Limited Company
england wales
Companies House
Health Score
81 / 100

Healthy

25/30
Filing
20/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • 2 outstanding charges (-4)

Details

TECH HOUSE, SUTTON COLDFIELD, B75 7BU
Incorporated 31/07/2000

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 31/07/2025

Due 14/08/2026

On track

Industry

46431
46431

Officers

Christopher James Etheridge

secretary · Since 31/07/2000

BRITISH · Age 52

Mr Christopher James Etheridge

director · Since 31/07/2000

DIRECTOR

BRITISH · ENGLAND · Age 52

Also on 3 other boards

Mr Carl Richard Venables

director · Since 12/05/2006

DIRECTOR

ENGLISH · UNITED KINGDOM · Age 51

Also on 1 other board

Mr David Witt

director · Since 01/03/2016

DIRECTOR

BRITISH · ENGLAND · Age 73

Also on 6 other boards

Persons with Significant Control

Mr David Witt

25–50% shares
25–50% votes
Appoint directors
Significant control

British · England · Age 73

Tech House, 26 Reddicap Trading Estate, Sutton Coldfield, B75 7BU

Notified 31/07/2016

Mr Carl Richard Venables

25–50% shares
25–50% votes
Appoint directors
Significant control

British · England · Age 51

Tech House, 26 Reddicap Trading Estate, Sutton Coldfield, B75 7BU

Notified 31/07/2016

Ms Kathrin Venables

25–50% shares
25–50% votes
Appoint directors

British · England · Age 49

1110 Elliott Court, Coventry Business Park, Coventry, CV5 6UB

Notified 31/07/2016

Charges2 outstanding

Charge
outstanding

ALDERMORE BANK PLC

Created 14/11/2018Registered 23/11/2018
Charge
outstanding

ALDERMORE BANK PLC

Created 10/10/2018Registered 10/10/2018
charge
satisfied

HSBC INVOICE FINANCE (UK) LTD ("THE SECURITY HOLDER")

Created 04/10/2011Registered 06/10/2011Satisfied 09/01/2019
charge
satisfied

HSBC INVOICE FINANCE (UK) LTD ("THE SECURITY HOLDER")

Created 04/10/2011Registered 06/10/2011Satisfied 09/01/2019
charge
satisfied

HSBC BANK PLC

Created 03/10/2011Registered 05/10/2011Satisfied 08/05/2025
charge
satisfied

HSBC BANK PLC

Created 18/08/2011Registered 19/08/2011Satisfied 08/05/2025
charge
satisfied

LLOYDS TSB COMMERCIAL FINANCE LIMITED

Created 29/10/2009Registered 02/11/2009Satisfied 14/01/2012
charge
satisfied

THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND

Created 31/08/2007Registered 04/09/2007Satisfied 14/01/2012
charge
satisfied

THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND

Created 15/02/2001Registered 16/02/2001Satisfied 13/12/2011

CompanyRankvs 15+ SIC 46431 peers
79

Financial strength97th percentile among SIC peers · 24/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 3.13× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
Show leaderboard
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.

Employees15/15 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 31/12/2024

Net Worth

£1.5M

Balance sheet strength

Cash

£488k

Cash in the bank

Net Current Assets

£2.2M

Working capital

Current Assets

£3.2M

Current Liabilities

£1.0M

Fixed Assets

£2.9M

Debtors

£1.4M

24avg. employees+1

Tax at Year End(2020)

Corp tax-£172k

Balance Sheet

Intangible assets£49k
Bank loans & overdrafts£1.5M
Assets less current liabilities£5.1M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20243.13+£403k
20232.73+£303k
20222.55+£196k
20213.36+£504k
20201.14+£379k
20191.01

Derived from filed accounts. Not audited figures.