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Michael'S Transport Limited

06611354

active
Private Limited Company
Companies House
Health Score
85 / 100

Healthy

25/30
Filing
20/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)

Details

58A MOULTON CHAPEL ROAD, SPALDING, PE12 0XD
Incorporated 04/06/2008

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

49410
Freight transport by road

CompanyRankvs 28410+ SIC 49410 peers
80

Financial strength94th percentile among SIC peers · 24/25
Employees93th percentile among SIC peers · 14/15
LiquidityCurrent ratio 1.22× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength24/25 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.

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

Key FinancialsYear ending 31/08/2024

Net Worth

£420k

Balance sheet strength

Cash

£121k

Cash in the bank

Net Current Assets

£51k

Working capital

Current Assets

£279k

Current Liabilities

£229k

Fixed Assets

£529k

Debtors

£148k

8avg. employees

Balance Sheet

Assets less current liabilities£580k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20241.22

Derived from filed accounts. Not audited figures.