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Midmar Power Systems Limited

06015991

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

74 KINGS AVENUE, POOLE, BH14 9QJ
Incorporated 01/12/2006

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

26512
Manufacture of electronic industrial process control equipment
33200
Installation of industrial machinery and equipment
70229
Management consultancy activities

Officers

Mr Timothy Albert Hornby

director · Since 01/08/2014

MANAGEMENT CONSULTANT

BRITISH · ENGLAND · Age 51

Also on 5 other boards

Persons with Significant Control

Mr Timothy Albert Hornby

25–50% shares
25–50% votes

British · England · Age 51

74, Kings Avenue, Poole, BH14 9QJ

Notified 06/04/2016

Mr Gordon Von Mitzinger

25–50% shares
25–50% votes

British · England · Age 50

74, Kings Avenue, Poole, BH14 9QJ

Notified 01/05/2020

Former PSCs

Dr Thomas William John Redman

Ceased 13/06/2018

CompanyRankvs 567+ SIC 26512 peers
41

Financial strength10th percentile among SIC peers · 3/25
Employees37th percentile among SIC peers · 6/15
LiquidityCurrent ratio 0.21× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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567Midmar Power Systems Limited
41
How is this score calculated?
Financial strength3/25 pts

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

Employees6/15 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.

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/12/2024

Net Worth

-£1k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£6k

Working capital

Current Assets

£1k

Current Liabilities

£7k

Fixed Assets

£26k

1avg. employees

Balance Sheet

Assets less current liabilities£20k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.21+£8k
20230.09+£15k
20211.18—

Derived from filed accounts. Not audited figures.