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Midgate Farms Limited

05503125

active
Private Limited Company
england wales
Companies House
Health Score
70 / 100

Some Concerns

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

Details

MIDGATE HOUSE MIDGATE LANE, BOSTON, PE22 9RP
Incorporated 08/07/2005

Compliance

Last accounts

31/03/2025

total exemption full

Next accounts due

31/12/2026

On track

Confirmation statement

Last: 08/07/2025

Due 22/07/2026

On track

Industry

01130
Growing of vegetables and melons, roots and tubers

Officers

Mr Andrew Leonard Blythe

director · Since 08/07/2005

FARMER

BRITISH · ENGLAND · Age 61

Also on 3 other boards

Persons with Significant Control

Mr Andrew Leonard Blythe

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

British · England · Age 61

Midgate House, Midgate Lane, Boston, PE22 9RP

Notified 25/07/2016

Charges7 outstanding

Charge
outstanding

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LLOYDS TSB BANK PLC

Created 04/09/2009Registered 24/09/2009
charge
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ANNIE MARY AVERY AND JEAN MARGARET AVERY

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outstanding

LLOYDS TSB BANK PLC

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outstanding

LLOYDS TSB BANK PLC

Created 23/01/2006Registered 26/01/2006

CompanyRankvs 561+ SIC 01130 peers
44

Financial strength78th percentile among SIC peers · 20/25
Employees11th percentile among SIC peers · 2/15
LiquidityCurrent ratio 0.43× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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561Midgate Farms Limited
54
How is this score calculated?
Financial strength20/25 pts

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

Employees2/15 pts

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

Liquidity2/20 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

£1.0M

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£542k

Working capital

Current Assets

£412k

Current Liabilities

£954k

Fixed Assets

£2.7M

Debtors

£310k

0avg. employees-4

Director Loans(2022)

Company owes directors£36k

Balance Sheet

Assets less current liabilities£2.2M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20250.43-£78k
20240.43+£54k
20230.52+£148k
20220.78+£270k
20210.71+£59k
20200.53+£60k
20190.44—

Derived from filed accounts. Not audited figures.