Michigan Laundrette Limited
06210244
Some Concerns
- Current liabilities exceed current assets (-10)
- 2 outstanding charges (-4)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 30/04/2020
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 62
Also on 1 other board
Persons with Significant Control
Ms Bhanuben Patel
British · United Kingdom · Age 62
1, Andrews Close, Harrow, HA1 3GE
Notified 30/04/2020
Former PSCs
Bhanuben Patel
Ceased 30/04/2020
Charges2 outstanding
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CompanyRankvs 956+ SIC 96010 peers48
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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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/05/2025
Net Worth
£21k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
-£48k
Working capital
Current Assets
£41k
Current Liabilities
£89k
Fixed Assets
£209k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.46 | -£10k |
| 2024 | 0.10 | +£18k |
| 2023 | 0.03 | +£3k |
| 2022 | 0.01 | -£3k |
| 2021 | 0.03 | — |
Derived from filed accounts. Not audited figures.