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Milestone Restaurants Limited

06741079

active
Private Limited Company
england wales
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Loss before tax (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

THE ACCOUNTING CENTRE LIMITED FIRST FLOOR,736 HIGH ROAD, LONDON, N12 9QD
Incorporated 04/11/2008

Compliance

Last accounts

31/12/2024

full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 24/03/2026

Due 07/04/2027

On track

Industry

56102
Unlicensed restaurants and cafes

Officers

Mr Muhammad Taimoor Sheikh

director · Since 04/11/2008

DIRECTOR

BRITISH · UNITED KINGDOM · Age 55

Ms Shaista Sheikh

director · Since 04/11/2008

DIRECTOR

BRITISH · UNITED KINGDOM · Age 52

Persons with Significant Control

Mr Muhammad Taimoor Sheikh

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

British · England · Age 55

The Accounting Centre Limited, First Floor,736 High Road, London, N12 9QD

Notified 06/04/2016

CompanyRankvs 4023+ SIC 56102 peers
53

Financial strength64th percentile among SIC peers · 16/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.2× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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4023Milestone Restaurants Limited
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How is this score calculated?
Financial strength16/25 pts

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

Employees15/15 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.

Risk deductions

Going concern doubt: -10 pts

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

Going Concern Doubt

its existing payments to the franchisor. Directors The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report. M T Sheikh S Sheikh Going concern The directors have evaluated the company's ability to continue as a going concern, considering current economic conditions, industry-wide challenges, and internal financial forecasts. Th

Key FinancialsYear ending 31/12/2024

Turnover

£41.3M

Annual revenue

Net Worth

£5k

Balance sheet strength

Cash

£23k

Cash in the bank

Profit Before Tax

-£322k

Bottom line earnings

Net Current Assets

-£5.1M

Working capital

Current Assets

£1.3M

Current Liabilities

£6.4M

Fixed Assets

£7.1M

Debtors

£1.1M

Cost of Sales

£13.8M

Gross Profit

£27.5M

Admin Expenses

£27.5M

Operating Profit

-£90k

Profit After Tax

-£71k

910avg. employees-28

Tax at Year End

Corp tax£64k

People Costs

Wages & salaries£11.5M
NI contributions£681k

Balance Sheet

Intangible assets£2.1M
Bank loans & overdrafts£773k
Assets less current liabilities£2.0M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.20-£71k
20230.23-£65k
20190.29+£57k
20180.33—

Derived from filed accounts. Not audited figures.