Med Sea Communications Limited
05257214
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 12/02/2019
CONSULTANT
BRITISH · UNITED KINGDOM · Age 55
Also on 28 other boards
Persons with Significant Control
Patrizia Memmo
Monegasque · Monaco · Age 69
Studio 3, 92 Lots Road, London, SW10 0QD
Notified 06/04/2016
CompanyRankvs 7621+ SIC 70100 peers54
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/10/2024
Net Worth
£800k
Balance sheet strength
Cash
£70k
Cash in the bank
Net Current Assets
-£7.9M
Working capital
Current Assets
£139k
Current Liabilities
£8.0M
Fixed Assets
£8.0M
Debtors
£69k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.02 | +£606k |
| 2023 | 72.60 | -£97k |
| 2022 | 16.55 | +£442k |
| 2021 | 0.49 | -£608k |
| 2020 | 0.34 | -£67k |
| 2019 | 2.83 | -£19k |
| 2018 | 3.74 | — |
Derived from filed accounts. Not audited figures.