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M M Products Limited

05432323

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

25 PENNYGILLAM WAY, LAUNCESTON, PL15 7ED
Incorporated 21/04/2005

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46160
Agents involved in the sale of textiles, clothing, fur, footwear and leather goods
47910
Retail sale via mail order houses or via Internet
68209
Other letting and operating of own or leased real estate

Officers

Alison Mary Millar

secretary · Since 21/04/2005

BRITISH

Mr Mark Millar

director · Since 21/04/2005

SALES AGENT

BRITISH · ENGLAND · Age 56

Mrs Alison Millar

director · Since 01/04/2018

ADMINISTRATOR

BRITISH · ENGLAND · Age 56

Persons with Significant Control

Mrs Alison Millar

25–50% shares
25–50% votes

British · England · Age 56

25, Pennygillam Way, Launceston, PL15 7ED

Notified 06/04/2016

Mr Mark Millar

25–50% shares
25–50% votes

British · England · Age 56

25 Pennygillam Way, Pennygillam Ind Estate, Launceston, PL15 7ED

Notified 14/05/2026

Former PSCs

Mr Mark Millar

Ceased 13/05/2026

Charges2 outstanding

charge
outstanding

BARCLAYS BANK PLC

Created 22/06/2012Registered 28/06/2012
charge
outstanding

BARCLAYS BANK PLC

Created 15/04/2011Registered 27/04/2011
charge
satisfied

BARCLAYS BANK PLC

Created 06/03/2006Registered 07/03/2006Satisfied 02/07/2024
charge
satisfied

BARCLAYS BANK PLC

Created 24/02/2006Registered 25/02/2006Satisfied 02/07/2024
charge
satisfied

BARCLAYS BANK PLC

Created 10/02/2006Registered 14/02/2006Satisfied 02/07/2024

CompanyRankvs 229+ SIC 46160 peers
74

Financial strength97th percentile among SIC peers · 24/25
Employees94th percentile among SIC peers · 14/15
LiquidityCurrent ratio 1.72× · 16/20
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 strength24/25 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.

Liquidity16/20 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

£449k

Balance sheet strength

Cash

£16k

Cash in the bank

Net Current Assets

£53k

Working capital

Current Assets

£126k

Current Liabilities

£74k

Fixed Assets

£665k

Debtors

£8k

4avg. employees

Balance Sheet

Bank loans & overdrafts£27k
Assets less current liabilities£718k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20251.72-£154k
20244.03+£27k
20232.27-£82k
20222.34-£5k
20212.89+£41k
20203.35+£15k
20194.12—

Derived from filed accounts. Not audited figures.