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Micom Engineering Limited

05308722

active
Private Limited Company
Companies House
Health Score
76 / 100

Some Concerns

30/30
Filing
10/30
Financial
36/40
Risk
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

UNIT 7, HEYBRIDGE MALDON, CM9 4XB
Incorporated 09/12/2004

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

25620
Machining

Officers

Mr Gordon George Watt

director · Since 27/06/2025

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 73

Also on 10 other boards

Persons with Significant Control

Minh Limited

75–100% shares
75–100% votes
Appoint directors

7-9, The Avenue, Eastbourne, BN21 3YA

Reg: 13879117 · Companies House · Limited Company

Notified 27/06/2022

Former PSCs

Mr Paul Webber

Ceased 27/06/2022

Charges2 outstanding

Charge
outstanding

SKIPTON BUSINESS FINANCE LIMITED

Created 28/06/2024Registered 28/06/2024
Charge
outstanding

NUCLEUS CASH FLOW FINANCE2 LIMITED

Created 29/01/2024Registered 31/01/2024
Charge
satisfied

ABN AMRO ASSET BASED FINANCE N.V.

Created 27/06/2022Registered 04/07/2022Satisfied 28/06/2024
charge
satisfied

BARCLAYS BANK PLC

Created 31/03/2005Registered 02/04/2005Satisfied 02/12/2020
charge
satisfied

BARCLAYS BANK PLC

Created 17/03/2005Registered 24/03/2005Satisfied 02/12/2020

CompanyRankvs 749+ SIC 25620 peers
60

Financial strength77th percentile among SIC peers · 19/25
Employees7th percentile among SIC peers · 1/15
LiquidityCurrent ratio 2.13× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength19/25 pts

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

Employees1/15 pts

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

Liquidity20/20 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 31/03/2025

Net Worth

£587k

Balance sheet strength

Cash

£7k

Cash in the bank

Net Current Assets

£770k

Working capital

Current Assets

£1.5M

Current Liabilities

£682k

Fixed Assets

£344k

Debtors

£1.4M

0avg. employees-12

Tax at Year End(2023)

Corp tax£24k

Balance Sheet

Intangible assets£0
Assets less current liabilities£1.1M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20252.13+£15k
20242.49+£36k
20232.66+£67k
20222.56+£102k£719k
20211.94+£28k£800k
20201.73+£30k
20191.63

Derived from filed accounts. Not audited figures.