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Mineral Insulated Cable Company Limited

04259473

active
Private Limited Company
Companies House
Health Score
88 / 100

Healthy

30/30
Filing
20/30
Financial
38/40
Risk
  • 1 outstanding charge (-2)

Details

UNIT 21 SEDLING ROAD, WASHINGTON, NE38 9BZ
Incorporated 26/07/2001

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

27320
Manufacture of other electronic and electric wires and cables

Officers

Mr Kenneth Douglas Dooley

director · Since 26/07/2001

MANAGING DIRECTOR

BRITISH · ENGLAND · Age 72

Also on 6 other boards

Mark Liddell

director · Since 26/07/2001

DIRECTOR

BRITISH · UNITED KINGDOM · Age 64

Mr. Nicholas Michael Morton

director · Since 25/01/2002

CHARTERED ENGINEER

BRITISH · ENGLAND · Age 71

Also on 6 other boards

Mr Mark Liddell

secretary · Since 08/03/2024

Persons with Significant Control

Jerome Linel

Significant control

French · France · Age 67

Unit 21, Sedling Road, Washington, NE38 9BZ

Notified 06/04/2016

Former PSCs

Laurent Linel

Ceased 20/12/2016

Charges1 outstanding

Charge
outstanding

SANTANDER UK PLC

Created 27/04/2021Registered 30/04/2021
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 15/08/2007Registered 17/08/2007Satisfied 22/05/2021
charge
satisfied

RBS INVOICE FINANCE LIMITED

Created 20/10/2006Registered 24/10/2006Satisfied 06/04/2022
charge
satisfied

LLOYDS TSB BANK PLC

Created 08/04/2003Registered 11/04/2003Satisfied 20/09/2007

CompanyRankvs 61+ SIC 27320 peers
69

Financial strength87th percentile among SIC peers · 22/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.25× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength22/25 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.

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

£1.0M

Balance sheet strength

Cash

£6k

Cash in the bank

Net Current Assets

£852k

Working capital

Current Assets

£4.2M

Current Liabilities

£3.4M

Fixed Assets

£396k

Debtors

£1.8M

71avg. employees-1

Balance Sheet

Bank loans & overdrafts£185k
Assets less current liabilities£1.2M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20241.25-£222k
20231.38+£169k
20221.36+£106k
20211.41+£283k
20201.26-£44k
20191.11+£19k
20181.12—

Derived from filed accounts. Not audited figures.