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Mm2 Limited

04832150

liquidation
Private Limited Company
Companies House
Health Score
N/A

Details

LAWRENCE HOUSE, NORWICH, NR2 1AD
Incorporated 14/07/2003

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46740
Wholesale of hardware, plumbing and heating equipment and supplies

Officers

Mr Michael John Midgen

secretary · Since 16/07/2003

DIRECTOR

BRITISH · ENGLAND · Age 68

Also on 6 other boards

Mr Kenneth Peter Midgen

director · Since 16/07/2003

DIRECTOR

BRITISH · ENGLAND · Age 61

Mr Michael John Midgen

director · Since 16/07/2003

DIRECTOR

BRITISH · ENGLAND · Age 68

Also on 6 other boards

Persons with Significant Control

Mr Michael John Midgen

25–50% shares
25–50% votes
Appoint directors

British · England · Age 68

Brown Heath House, Pound Green, Buxted, TN22 4PH

Notified 06/04/2016

Mr Kenneth Peter Midgen

25–50% shares
25–50% votes
Appoint directors

British · England · Age 61

Orchard House, Church Road, Billericay, CM11 1RH

Notified 06/04/2016

Charges0 outstanding

charge
satisfied

LLOYDS TSB BANK PLC

Created 02/04/2013Registered 05/04/2013Satisfied 11/07/2022
charge
satisfied

LLOYDS TSB COMMERCIAL FINANCE LIMITED

Created 22/04/2008Registered 25/04/2008Satisfied 11/07/2022

CompanyRankvs 15+ SIC 46740 peers
22

Financial strengthNo net worth data · 0/25
EmployeesNo employee data · 0/15
LiquidityCurrent ratio 0.19× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -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

Going concern doubt: -10 pts

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

Going Concern Doubt

COVID-19 There are current uncertainties in the economy related to the Covid-19 outbreak that emerged since early 2020. However, the directors have considered the company's ability to continue as a going concern and undertake to provide the company with sufficient funds to allow the company to meet any debts as they fall due for the foreseeable future. Page 7

Key FinancialsYear ending 31/12/2020

Net Worth

-£275k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£266k

Working capital

Current Assets

£61k

Current Liabilities

£326k

Fixed Assets

£81

Debtors

£9k

Profit After Tax

-£18k

2avg. employees

Tax at Year End(2018)

VAT£1k

Balance Sheet

Bank loans & overdrafts£3k
Assets less current liabilities-£266k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20200.19-£18k—
20190.22-£11k—
20180.25—£21k

Derived from filed accounts. Not audited figures.