Mi3 Limited
05778266
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 01/04/2012
CHARTERED ACCOUNTANT
BRITISH · UNITED KINGDOM · Age 60
Also on 3 other boards
Persons with Significant Control
Former PSCs
Mr Ian Mclaughlin
Ceased 06/12/2018
Mr Ian Stuart Thompson
Ceased 30/04/2019
Charges1 outstanding
HSBC BANK PLC
CompanyRankvs 50+ SIC 22290 peers69
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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 original financial statements were authorised for issue. Our responsibilities and the responsibilities of the directors with respect t
Key FinancialsYear ending 31/12/2024
Turnover
£7.3M
Annual revenue
Net Worth
£5.2M
Balance sheet strength
Cash
£151k
Cash in the bank
Profit Before Tax
£266k
Bottom line earnings
Net Current Assets
£3.8M
Working capital
Current Assets
£4.3M
Current Liabilities
£501k
Fixed Assets
£2.0M
Debtors
£2.9M
Cost of Sales
£4.8M
Gross Profit
£2.4M
Admin Expenses
£2.2M
Operating Profit
£210k
Profit After Tax
£182k
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 8.67 | +£182k |
| 2023 | 6.82 | — |
Derived from filed accounts. Not audited figures.