Back to search

Midas Automotive Ltd.

07089088

active
Private Limited Company
england wales
Companies House
Health Score
71 / 100

Some Concerns

25/30
Filing
10/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • 2 outstanding charges (-4)

Details

10 HAZEL ROAD, OXFORD, OX2 9LF
Incorporated 27/11/2009

Compliance

Last accounts

30/11/2024

total exemption full

Next accounts due

31/08/2026

On track

Confirmation statement

Last: 27/11/2025

Due 11/12/2026

On track

Industry

29100
Manufacture of motor vehicles
74100
Specialised design activities

Officers

Mr Alistair Graham Courtney C Eng Mim Eche

director · Since 27/11/2009

MECHANICAL ENGINEER

BRITISH · ENGLAND · Age 60

Also on 4 other boards

Mrs Jayne Susan Courtney

secretary · Since 05/05/2015

Persons with Significant Control

Mr Alistair Graham Courtney

25–50% shares

British · England · Age 60

10, Hazel Road, Oxford, OX2 9LF

Notified 27/11/2016

Mr Alistair Graham Courtney

25–50% shares

British · England · Age 60

10, Hazel Road, Oxford, OX2 9LF

Notified 21/11/2017

Alternative Cars Limited

25–50% shares

10, Hazel Road, Oxford, OX2 9LF

Reg: 04943896 · England And Wales · Limited Company

Notified 27/11/2017

Charges2 outstanding

charge
outstanding

LEVEN HOLDINGS LIMITED

Created 19/03/2013Registered 21/03/2013
charge
outstanding

LEVEN HOLDINGS LIMITED

Created 18/02/2010Registered 20/02/2010

CompanyRankvs 443+ SIC 29100 peers
31

Financial strength7th percentile among SIC peers · 2/25
Employees48th percentile among SIC peers · 7/15
LiquidityCurrent ratio 0.11× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
Show leaderboard
1Brotherwood Automobility Limited
90
2Trs Tyres Ltd
90
3Jubilee Automotive Group Limited
90
4Titan Motorsport & Automotive Engineering Ltd
89
5I.H. Motorhomes Limited
89
6Racing Green Engineering Limited
89
7Mac'S Transport (Northern) Limited
88
8Bolt On Bits Limited
88
9Viking Motorsport Limited
88
10Chesman Engineering Limited
87
443Midas Automotive Ltd.
41
How is this score calculated?
Financial strength2/25 pts

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

Employees7/15 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 30/11/2024

Net Worth

-£98k

Balance sheet strength

Cash

£1k

Cash in the bank

Net Current Assets

-£97k

Working capital

Current Assets

£12k

Current Liabilities

£109k

Fixed Assets

£112

Debtors

£1k

1avg. employees

Balance Sheet

Assets less current liabilities-£97k
Signed by Mr Alistair Courtney 29/05/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.11-£26k
20230.14-£17k
20222.31-£18k
20212.04-£25k
20202.47-£9k
20191.17-£789
2018166.90—

Derived from filed accounts. Not audited figures.