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Metaenterprices Ltd

05833598

active
Private Limited Company
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

LANGLEY HOUSE, BOREHAMWOOD, WD6 4RT
Incorporated 31/05/2006

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46360
Wholesale of sugar and chocolate and sugar confectionery
46720
Wholesale of metals and metal ores
58290
Other software publishing

Officers

Mr Mohammed Mohsin

director · Since 31/05/2006

DIRECTOR

BRITISH · ENGLAND · Age 50

Also on 7 other boards

Persons with Significant Control

Meta Equity Holdings Limited

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

Langley House, 53 Theobald Street, Borehamwood, WD6 4RT

Reg: 14875181 · England & Wales · Limited Company

Notified 01/06/2023

Former PSCs

Mr Mohammed Mohsin

Ceased 01/06/2023

Charges1 outstanding

Charge
outstanding

CLYDESDALE BANK PLC (TRADING AS VIRGIN MONEY) (COMPANY NUMBER SC001111)

Created 12/10/2023Registered 27/10/2023
Charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 21/07/2021Registered 23/07/2021Satisfied 13/08/2024
Charge
satisfied

HSBC BANK PLC

Created 21/12/2015Registered 22/12/2015Satisfied 06/05/2021
Charge
satisfied

RBS INVOICE FINANCE LIMITED

Created 21/10/2015Registered 23/10/2015Satisfied 13/08/2024

CompanyRankvs 40+ SIC 46360 peers
61

Financial strength98th percentile among SIC peers · 25/25
Employees93th percentile among SIC peers · 14/15
LiquidityCurrent ratio 1.23× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength25/25 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.

Liquidity12/20 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

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 director with respect to going con

Key FinancialsYear ending 31/12/2024

Turnover

£89.4M

Annual revenue

Net Worth

£2.3M

Balance sheet strength

Cash

£1.1M

Cash in the bank

Profit Before Tax

£403k

Bottom line earnings

Net Current Assets

£2.2M

Working capital

Current Assets

£11.5M

Current Liabilities

£9.4M

Fixed Assets

£99k

Debtors

£8.3M

Cost of Sales

£87.7M

Gross Profit

£1.7M

Admin Expenses

£1.4M

Operating Profit

£347k

Profit After Tax

£308k

10avg. employees-5

Tax at Year End

Corp tax£95k
Dividends paid£225k

Director Loans(2020)

Company owes directors£230k

People Costs

Wages & salaries£289k
NI contributions£21k

Balance Sheet

Assets less current liabilities£2.3M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20241.23+£83k
20231.33+£552k
20221.32+£61k
20211.44+£410k
20211.50+£331k
20201.66+£219k£679k
20191.71+£112k
20181.31

Derived from filed accounts. Not audited figures.