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Midas Components Limited

04044091

active
Private Limited Company
england wales
Companies House
Health Score
82 / 100

Healthy

30/30
Filing
20/30
Financial
32/40
Risk
  • 4 outstanding charges (-8)

Details

SAULS WHARF HOUSE, GREAT YARMOUTH, NR31 0AG
Incorporated 31/07/2000

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 23/10/2025

Due 06/11/2026

On track

Industry

46520
Wholesale of electronic and telecommunications equipment and parts
71121
Engineering design activities for industrial process and production
71129
Other engineering activities
74100
Specialised design activities

Officers

Mr Michael John Halpin

director · Since 24/08/2000

MANAGEMENT EXECUTIVE

BRITISH · ENGLAND · Age 63

Also on 1 other board

Miss Abi Willow Clarke

secretary · Since 10/09/2024

Persons with Significant Control

Mr Michael John Halpin

25–50% shares
50–75% votes
Appoint directors

British · England · Age 63

Sauls Wharf House, Crittens Road, Great Yarmouth, NR31 0AG

Notified 06/04/2016

Former PSCs

Mr Richard David Wedon

Ceased 28/03/2017

Winstar Display Company Ltd

Ceased 28/03/2017

Charges4 outstanding

Charge
outstanding

HSBC UK BANK PLC

Created 30/01/2024Registered 01/02/2024
Charge
satisfied

HSBC BANK PLC

Created 06/11/2014Registered 06/11/2014Satisfied 05/02/2026
charge
outstanding

HSBC INVOICE FINANCE (UK) LIMITED (THE SECURITY HOLDER)

Created 08/04/2008Registered 15/04/2008
charge
outstanding

HSBC INVOICE FINANCE (UK) LIMITED (THE SECURITY HOLDER)

Created 08/04/2008Registered 15/04/2008
charge
outstanding

HSBC BANK PLC

Created 26/03/2002Registered 05/04/2002

CompanyRankvs 619+ SIC 46520 peers
65

Financial strength77th percentile among SIC peers · 19/25
Employees96th percentile among SIC peers · 14/15
LiquidityCurrent ratio 1.07× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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619Midas Components Limited
75
How is this score calculated?
Financial strength19/25 pts

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

Employees14/15 pts

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

Liquidity12/20 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

£71k

Balance sheet strength

Cash

£126k

Cash in the bank

Net Current Assets

£89k

Working capital

Current Assets

£1.3M

Current Liabilities

£1.3M

Fixed Assets

£91k

Debtors

£759k

20avg. employees

Tax at Year End(2023)

Corp tax£10k

Balance Sheet

Bank loans & overdrafts£66k
Assets less current liabilities£181k
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
20241.07-£262k
20231.41+£29k
20221.44+£4k
20211.93+£196k
20201.85+£32k
20191.13+£71k
20181.06—

Derived from filed accounts. Not audited figures.