Ready Foods Limited
05538853
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 5 outstanding charges (-10)
Details
Previously known as
Compliance
Last accounts
31/03/2025
medium
Next accounts due
31/12/2026
Confirmation statement
Last: 19/05/2026
Due 02/06/2027
Industry
Officers
Former
director · Resigned 30/03/2020
Persons with Significant Control
Mvh Ltd
The Mill, Morton, Oswestry, SY10 8BH
Reg: 04408434 · Registrar Of Companies (England & Wales) · Limited Company
Notified 06/04/2016
Charges5 outstanding
MVH LIMITED
MVH LIMITED
THE WELSH MINISTERS
HSBC ASSET FINANCE (UK) LIMITED & HSBC EQUIPMENT FINANCE (UK) LIMITED
HSBC BANK PLC
HSBC BANK PLC
Change History
Active
Private Limited Company
THE MILL
OSWESTRY
CompanyRankvs 85+ SIC 10850 peers55
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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.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co
Key FinancialsYear ending 31/03/2025
Turnover
£12.6M
Annual revenue
Net Worth
£2.0M
Balance sheet strength
Cash
£215
Cash in the bank
Profit Before Tax
£123k
Bottom line earnings
Net Current Assets
-£287k
Working capital
Current Assets
£2.6M
Current Liabilities
£2.8M
Fixed Assets
£2.8M
Debtors
£1.4M
Cost of Sales
£9.1M
Gross Profit
£3.5M
Admin Expenses
£3.0M
Operating Profit
£121k
Profit After Tax
£77k
Director Loans(2021)
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.90 | +£77k |
| 2024 | 0.80 | +£353k |
| 2023 | 0.77 | +£557k |
| 2022 | 0.67 | +£317k |
| 2021 | 0.53 | — |
Derived from filed accounts. Not audited figures.