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Millitec Food Systems Ltd

05390759

active
Private Limited Company
england wales
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

20 VICTORIA ROAD, DERBY, DE72 3PS
Incorporated 12/03/2005

Compliance

Last accounts

31/01/2025

total exemption full

Next accounts due

31/10/2026

On track

Confirmation statement

Last: 12/03/2026

Due 26/03/2027

On track

Industry

28930
Manufacture of machinery for food, beverage and tobacco processing

Officers

Mr Richard Dean Ledger

director · Since 07/08/2006

ENGINEER

BRITISH · ENGLAND · Age 59

Also on 5 other boards

Persons with Significant Control

Millitec Group Limited

75–100% shares
75–100% votes

20, Victoria Road, Derby, DE72 3PS

Notified 28/06/2024

Former PSCs

Mr Richard Dean Ledger

Ceased 28/06/2024

Samworth Brothers Limited

Ceased 31/01/2020

Charges2 outstanding

Charge
outstanding

BARCLAYS SECURITY TRUSTEE LIMITED

Created 01/05/2021Registered 12/05/2021
Charge
outstanding

UNIVERSITY OF DERBY

Created 08/01/2020Registered 08/01/2020

CompanyRankvs 15+ SIC 28930 peers
77

Financial strength93th percentile among SIC peers · 23/25
Employees90th percentile among SIC peers · 14/15
LiquidityCurrent ratio 4.63× · 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 strength23/25 pts

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

Employees14/15 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 31/01/2025

Net Worth

£2.3M

Balance sheet strength

Cash

£1.0M

Cash in the bank

Net Current Assets

£1.9M

Working capital

Current Assets

£2.4M

Current Liabilities

£522k

Fixed Assets

£550k

Debtors

£1.0M

26avg. employees-2

Balance Sheet

Assets less current liabilities£2.4M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20254.63-£995k
20244.87-£101k
20234.18+£1.1M
20222.05+£652k
20215.61+£200k
20203.10-£441k
20195.22

Derived from filed accounts. Not audited figures.