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Midas Automotive Ltd.

07089088

active
Private Limited Company
england wales
Companies House
Health Score
66 / 100

Some Concerns

30/30
Filing
0/30
Financial
36/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-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 61

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 61

10, Hazel Road, Oxford, OX2 9LF

Notified 27/11/2016

Mr Alistair Graham Courtney

25–50% shares

British · England · Age 61

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 436+ SIC 29100 peers
31

Financial strength6th percentile among SIC peers · 2/25
Employees49th percentile among SIC peers · 7/15
LiquidityCurrent ratio 0.08× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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436Midas 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 30/11/2025

Net Worth

-£125k

Balance sheet strength

Cash

£594

Cash in the bank

Net Current Assets

-£124k

Working capital

Current Assets

£11k

Current Liabilities

£135k

Debtors

£2k

1avg. employees

Balance Sheet

Assets less current liabilities-£124k
Signed by Mr Alistair Courtney 24/08/2026Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.08-£28k
20240.11-£26k
20230.14—

Derived from filed accounts. Not audited figures.