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Midas Engineering Supplies Ltd

04159545

active
Private Limited Company
Companies House
Health Score
83 / 100

Healthy

25/30
Filing
20/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • 1 outstanding charge (-2)

Details

FARADAY ROAD ASTMOOR INDUSTRIAL ESTATE, CHESHIRE, WA7 1PE
Incorporated 14/02/2001

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46690
Wholesale of other machinery and equipment

Officers

Mr Vincent Michael Froggatt

secretary · Since 20/02/2001

SALES DIRECTOR

UNITED KINGDOM · WALES · Age 57

Also on 7 other boards

Mr Vincent Michael Froggatt

director · Since 20/02/2001

SALES DIRECTOR

UNITED KINGDOM · WALES · Age 57

Also on 7 other boards

Mr Sean Salter

director · Since 20/02/2001

SALES DIRECTOR

BRITISH · ENGLAND · Age 58

Also on 1 other board

Persons with Significant Control

Mr Sean Salter

25–50% shares

British · England · Age 58

Faraday Road, Astmoor Industrial Estate, Cheshire, WA7 1PE

Notified 14/02/2017

Mr Vincent Michael Froggatt

25–50% shares

British · United Kingdom · Age 57

Faraday Road, Astmoor Industrial Estate, Cheshire, WA7 1PE

Notified 14/02/2017

Charges1 outstanding

Charge
satisfied

LLOYDS BANK COMMERCIAL FINANCE LIMITED

Created 28/09/2015Registered 01/10/2015Satisfied 22/12/2025
charge
outstanding

HSBC BANK PLC

Created 09/04/2001Registered 10/04/2001

CompanyRankvs 290+ SIC 46690 peers
73

Financial strength80th percentile among SIC peers · 20/25
Employees88th percentile among SIC peers · 13/15
LiquidityCurrent ratio 2.69× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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290Midas Engineering Supplies Ltd
83
How is this score calculated?
Financial strength20/25 pts

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

Employees13/15 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

£321k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£322k

Working capital

Current Assets

£512k

Current Liabilities

£190k

Fixed Assets

£100k

9avg. employees

Balance Sheet

Assets less current liabilities£421k

EstimatesDerived

YearCurrent RatioImplied Profit
20242.69+£8k
20232.59+£29k
20212.75—
20201.85—
20192.68—
20182.63—

Derived from filed accounts. Not audited figures.