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Morvus Technology Limited

05115093

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Going concern doubt noted in accounts (-10)

Details

ABERLLECH, BRECON, LD3 8UB
Incorporated 28/04/2004

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

72110
Research and experimental development on biotechnology

Officers

Mrs Judith Carlyon Phillips Acis

secretary · Since 28/04/2004

BRITISH · Age 62

Also on 3 other boards

Mr David Graham Baynes Ba(Hons) Aca

director · Since 17/09/2010

DIRECTOR

BRITISH · UNITED KINGDOM · Age 62

Also on 52 other boards

Mr Jonathan Denis Beatson-Hird

director · Since 05/10/2012

CONSULTANT

BRITISH · WALES · Age 66

Also on 4 other boards

Professor Michael Grant Wyllie Phd

director · Since 22/03/2013

DIRECTOR

BRITISH · ENGLAND · Age 75

Also on 6 other boards

Charges0 outstanding

Charge
satisfied

MCBRAIDA HOLDINGS LIMITED

Created 22/12/2014Registered 24/12/2014Satisfied 05/10/2018
Charge
satisfied

MICHAEL PETER MCBRAIDA

Created 22/12/2014Registered 24/12/2014Satisfied 05/10/2018
charge
satisfied

SARUM PARTNERS LLP

Created 14/02/2013Registered 26/02/2013Satisfied 25/09/2018
charge
satisfied

STEPHEN CHANDLER (THE "SECURITY TRUSTEE")

Created 31/12/2010Registered 08/01/2011Satisfied 27/09/2018
charge
satisfied

THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND

Created 30/12/2004Registered 06/01/2005Satisfied 18/12/2010

CompanyRankvs 2071+ SIC 72110 peers
31

Financial strength2th percentile among SIC peers · 1/25
Employees66th percentile among SIC peers · 10/15
LiquidityNo balance sheet data · 0/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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2071Morvus Technology Limited
41
How is this score calculated?
Financial strength1/25 pts

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

Employees10/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity0/20 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

third parties which is uncertain. The directors have concluded that these circumstances represent a material uncertainty that may cast significant doubt upon the Company's ability to continue as a going concern and that, therefore, the Company may be unable to realise its assets and discharge its liabilities in the normal course of business. Nevertheless, the directors are confident that they h

Key FinancialsYear ending 31/10/2024

Net Worth

-£2.3M

Balance sheet strength

Cash

£74k

Cash in the bank

Net Current Assets

—

Working capital

Current Assets

—

Current Liabilities

£2.4M

Debtors

£8k

2avg. employees
Prepared with Silverfin

EstimatesDerived

YearCurrent RatioImplied Profit
2024—-£5.1M
20230.03-£128k
20220.04-£199k
20210.09—

Derived from filed accounts. Not audited figures.