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Morgelay Limited

04816476

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

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

Details

COOPER LINGARD WATSON HOUSE, LEIGH ON SEA, SS9 2DA
Incorporated 01/07/2003

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68209
Other letting and operating of own or leased real estate

Officers

Laxmi Financial Services Limited

secretary · Since 01/07/2003

BRITISH

Also on 9 other boards

Mr Colin Trevor Lander

director · Since 09/05/2023

LEGAL EXECUTIVE

BRITISH · ENGLAND · Age 66

Also on 2 other boards

Mr Richard James Phillips

director · Since 09/05/2023

SOLICITOR

BRITISH · ENGLAND · Age 61

Also on 4 other boards

Persons with Significant Control

Mr Richard James Phillips

Significant control

British · England · Age 61

Watson House, Broadway West, Leigh-On-Sea, SS9 2DA

Notified 22/11/2022

Mr Colin Trevor Lander

Significant control

British · England · Age 66

Watson House, Broadway West, Leigh-On-Sea, SS9 2DA

Notified 22/11/2022

Former PSCs

Ms Maria Pia Lauretta

Ceased 25/04/2021

Charges10 outstanding

Charge
outstanding

AXIS BANK UK LIMITED

Created 04/07/2017Registered 06/07/2017
Charge
outstanding

AXIS BANK UK LIMITED

Created 09/06/2017Registered 15/06/2017
Charge
outstanding

AXIS BANK UK LIMITED

Created 09/06/2017Registered 15/06/2017
Charge
outstanding

AXIS BANK UK LIMITED

Created 09/06/2017Registered 15/06/2017
charge
outstanding

MORTGAGE TRUST LIMITED

Created 14/08/2009Registered 28/08/2009
charge
outstanding

MORTGAGE EXPRESS

Created 22/04/2008Registered 24/04/2008
charge
outstanding

MORTGAGE TRUST LIMITED

Created 14/09/2007Registered 18/09/2007
charge
outstanding

MORTGAGE TRUST TEAM · MORTGAGE TRUST TEAM

Created 31/10/2006Registered 11/11/2006
charge
outstanding

PARAGON MORTGAGES LTD

Created 30/08/2006Registered 31/08/2006
charge
outstanding

MORTGAGE EXPRESS

Created 06/02/2006Registered 11/02/2006
charge
satisfied

MORTGAGE TRUST LIMITED

Created 12/03/2004Registered 13/03/2004Satisfied 21/05/2013
charge
satisfied

MORTGAGE EXPRESS

Created 15/01/2004Registered 24/01/2004Satisfied 21/05/2013

CompanyRankvs 45338+ SIC 68209 peers
55

Financial strength95th percentile among SIC peers · 24/25
Employees57th percentile among SIC peers · 9/15
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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45338Morgelay Limited
65
How is this score calculated?
Financial strength24/25 pts

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

Employees9/15 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 31/12/2019

Net Worth

£1.5M

Balance sheet strength

Cash

£5k

Cash in the bank

Net Current Assets

-£126k

Working capital

Current Assets

£12k

Current Liabilities

£138k

Fixed Assets

£3.6M

Debtors

£7k

1avg. employees

Director Loans

Company owes directors£116k

Balance Sheet

Bank loans & overdrafts£1.8M
Assets less current liabilities£3.5M
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20190.09+£63k
20180.11—

Derived from filed accounts. Not audited figures.