Midland Corrosion Services Ltd.
04259561
Healthy
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 01/05/2018
CERTIFIED CHARTERED ACCOUNTANT
BRITISH · UNITED KINGDOM · Age 52
Also on 3 other boards
director · Since 01/05/2018
COMPANY DIRECTOR
BRITISH · UNITED KINGDOM · Age 61
Also on 6 other boards
Persons with Significant Control
Sandberg Llp
5, Carpenters Place, London, SW4 7TD
Reg: Oc304229 · England And Wales · Limited Partnership
Notified 01/05/2018
Former PSCs
Dr Phillip Munn
Ceased 01/05/2018
CompanyRankvs 277+ SIC 71200 peers83
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/03/2025
Net Worth
£79k
Balance sheet strength
Cash
£67k
Cash in the bank
Net Current Assets
£72k
Working capital
Current Assets
£110k
Current Liabilities
£38k
Fixed Assets
£7k
Debtors
£40k
Tax at Year End(2019)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 2.91 | +£34k |
| 2024 | 2.47 | -£59k |
| 2023 | 8.43 | +£10k |
| 2022 | 6.62 | +£8k |
| 2021 | 4.03 | +£32k |
| 2020 | 3.26 | +£11k |
| 2019 | 2.03 | -£7k |
| 2018 | 1.88 | — |
Derived from filed accounts. Not audited figures.