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Midas Display Systems Limited

04442607

active
Private Limited Company
Companies House
Health Score
73 / 100

Some Concerns

25/30
Filing
10/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

INTEX HOUSE AVONDALE WAY, CWMBRAN, NP44 1TS
Incorporated 20/05/2002

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

43999
Specialised construction activities

Officers

Mr Trevor Paul Head

director · Since 31/05/2007

EXHIBITION STAND CONTRACTORS

BRITISH · ENGLAND · Age 66

Also on 4 other boards

Mr Carl Weston

director · Since 01/06/2007

DIRECTOR

BRITISH · UNITED KINGDOM · Age 63

Also on 7 other boards

Tracy Elizabeth Martin

secretary · Since 24/02/2009

BRITISH · Age 55

Also on 4 other boards

Mr Brian Edward Jones

director · Since 09/01/2024

DIRECTOR

BRITISH · WALES · Age 64

Persons with Significant Control

Mr Trevor Paul Head

75–100% shares

British · England · Age 66

22, Sevenoaks Drive, Bournemouth, BH7 7JQ

Notified 06/04/2016

Charges1 outstanding

Charge
outstanding

CAMBRIDGE & COUNTIES BANK LIMITED

Created 30/09/2022Registered 03/10/2022
Charge
satisfied

LLOYDS BANK PLC

Created 04/09/2018Registered 04/09/2018Satisfied 07/10/2022

CompanyRankvs 14521+ SIC 43999 peers
52

Financial strength63th percentile among SIC peers · 16/25
Employees94th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.09× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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14521Midas Display Systems Limited
62
How is this score calculated?
Financial strength16/25 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.

Liquidity2/20 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 31/05/2024

Net Worth

£17k

Balance sheet strength

Cash

£19k

Cash in the bank

Net Current Assets

-£218k

Working capital

Current Assets

£21k

Current Liabilities

£239k

Fixed Assets

£271k

Debtors

£894

10avg. employees+3

Balance Sheet

Assets less current liabilities£53k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.09+£14k
20230.06+£17k
20220.11+£13k
20210.04—
20200.13—
20190.23-£17k
20180.19—

Derived from filed accounts. Not audited figures.