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Mpower Training Solutions Ltd

04795101

liquidation
Private Limited Company
england wales
Companies House
0 outstanding charges
Insolvency history
Health Score
N/A

Details

C/O EXPEDIUM LIMITED GABLE HOUSE, LONDON, N3 3LF
Incorporated 11/06/2003

Compliance

Last accounts

30/06/2022

total exemption full

Next accounts due

29/03/2024

Overdue

Confirmation statement

Last: 19/02/2024

Due 05/03/2025

Overdue

Industry

85320
Technical and vocational secondary education

Officers

Mr Michael Jon Palmer

director · Since 01/11/2003

TRAINER

BRITISH · ENGLAND · Age 67

Also on 11 other boards

Persons with Significant Control

Mr Michael Jon Palmer

75–100% shares

British · England · Age 67

C/O Expedium Limited, Gable House, London, N3 3LF

Notified 11/06/2017

Charges0 outstanding

A registered charge
fully satisfied

Barclays Bank PLC

Created 19/02/2018Registered 27/02/2018Satisfied 08/06/2022
Debenture
fully satisfied

Barclays Bank PLC

Fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant & machinery.

All monies due or to become due from the company to the chargee on any account whatsoever

Created 31/08/2010Registered 07/09/2010Satisfied 08/06/2022
Rent deposit deed
fully satisfied

Phoenix Life Limited

The balance credited to the deposit account from time to time, currently being the sum of £13,806.25.

All monies due or to become due from the company to the chargee under the terms of the aforementioned instrument creating or evidencing the charge

Created 17/06/2008Registered 19/06/2008Satisfied 13/10/2014

Insolvency History1 case

creditors voluntary liquidation27/09/2023

Alan Simon (practitioner)

CompanyRankvs 15+ SIC 85320 peers
22

Financial strengthNo net worth data · 0/25
EmployeesNo employee data · 0/15
LiquidityCurrent ratio 0.25× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Insolvency history -10
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How is this score calculated?
Financial strength0/25 pts

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

Employees0/15 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

Insolvency history: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 30/06/2022

Net Worth

£137k

Balance sheet strength

Cash

£12k

Cash in the bank

Net Current Assets

-£599k

Working capital

Current Assets

£199k

Current Liabilities

£798k

Fixed Assets

£796k

Debtors

£187k

19avg. employees-1

Balance Sheet

Bank loans & overdrafts£61k
Assets less current liabilities£197k
Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20220.25-£162k
20211.03—

Derived from filed accounts. Not audited figures.