Minerva Industries Uk Limited
06783667
Notable Risks
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- Active insolvency proceedings (-20)
- 1 outstanding charge (-2)
Details
Compliance
Last accounts
31/12/2020
full
Next accounts due
30/09/2022
Confirmation statement
Last: 04/01/2022
Due 18/01/2023
Industry
Officers
director · Since 14/08/2018
DIRECTOR
BRITISH · ENGLAND · Age 58
Also on 2 other boards
director · Since 20/01/2021
DIRECTOR
BRITISH · ENGLAND · Age 74
Also on 3 other boards
Persons with Significant Control
Igrr Holdings Ltd
C/O Hr Chartered Accountants, 222 Branston Road, Burton On Trent, DE14 3BT
Reg: 12362206 · Companies House · Limited Company
Notified 16/12/2019
Jflh Investments Ltd
111 Edmund Street, Edmund Street, Birmingham, B3 2HJ
Reg: 12075592 · England · Limited Company
Notified 17/03/2021
Former PSCs
Lh Supply Chain Ltd
Ceased 08/02/2017
Rm Rich. Müller A/S
Ceased 16/12/2019
Charges1 outstanding
National Westminster Bank PLC
Rbs Invoice Finance Limited
Rm Rich. Muller a/S
Not applicable.
Trade and Export Finance Group Limited
Trade & Export Finance Group Limited
County Asset Finance LTD
United Steels Limited
Pulse Cashflow Finance 2 LTD
1. by way of legal mortgage:. 1.1 on the properties (if any) specified in schedule 2 to the debenture;. 1.2 on all properties (other than any properties specified in schedule 2 to the debenture) now owned by the company or in which the company has an interest;. 2. by way of fixed charge on all of the following assets, whether now or in future belonging to the company:. 2.1 the freehold and leasehold properties of the company not effectively mortgaged under paragraphs 1.1 and 1.2 including such as may thereafter be acquired;. 2.2 all fixtures in, on or attached to the property subject to the legal mortgages under paragraphs 1.1 and 1.2 and all spare parts, replacements, modifications and additions for or to the same;. 2.3 any other freehold and leasehold property which the company shall own together with all fixtures and fittings (including trade fixtures and fittings) and fixed plant and machinery in, on or attached to such property and all spare parts, replacements, modifications and additions for or to the same;. 2.4 all the company’s intellectual property - all patents (including applications, improvements, prolongations, extensions and right to apply therefor) designs (whether registered or unregistered) copyrights, design rights, trade marks and service marks (whether registered or unregistered) utility models, trade and business names, know-how, formulae, inventions, confidential information, trade secrets and computer software programs and systems (including the benefit of any licences or consents relating to any of the above) and all fees, royalties or other rights derived therefrom or incidental thereto in any part of the world.
Aldermore Invoice Finance a Division of Aldermore Bank PLC
Notification of addition to or amendment of charge.
State Securites PLC
Fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant & machinery see image for full details.
All monies due or to become due from the company to the chargee (as agent for itself and each associate) on any account whatsoever under the terms of the aforementioned instrument creating or evidencing the charge
Insolvency History1 case
Christopher Robert Pole (practitioner) · Ryan Kevin Grant (practitioner)
CompanyRankvs 1168+ SIC 25110 peers42
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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
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Insolvency history: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
customer and one of the three major program will end in the second half of 2021. These factors indicate that a material uncertainty exist that may cast doubt on the Company’s ability to continue as a going concern, and accordingly the Company may be unable to realize its assets and discharge its liabilities in the normal course of business. Notwithstanding this, the directors have a reasonable exp
Key FinancialsYear ending 31/12/2019
Turnover
£10.4M
Annual revenue
Net Worth
£554k
Balance sheet strength
Cash
£290k
Cash in the bank
Profit Before Tax
£127k
Bottom line earnings
Net Current Assets
-£450k
Working capital
Current Assets
£1.4M
Current Liabilities
£1.8M
Fixed Assets
£1.0M
Debtors
£472k
Cost of Sales
£9.3M
Gross Profit
£1.1M
Admin Expenses
£1.0M
Operating Profit
£135k
Profit After Tax
£103k
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2019 | 0.75 |
Derived from filed accounts. Not audited figures.