Midland Credit Limited
07684261
Healthy
No risk factors detected.
Details
Compliance
Last accounts
31/12/2024
unaudited abridged
Next accounts due
30/09/2026
Confirmation statement
Last: 05/11/2025
Due 19/11/2026
Industry
Officers
Persons with Significant Control
Mr Simon James Cullen
British · England · Age 42
Millhouse Business Centre, Station Road, Derby, DE74 2NJ
Notified 06/04/2016
Former PSCs
Mr Paul Cullen
Ceased 17/08/2020
CompanyRankvs 3150+ SIC 64999 peers76
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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.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/12/2024
Net Worth
£1.0M
Balance sheet strength
Cash
£151k
Cash in the bank
Net Current Assets
£891k
Working capital
Current Assets
£984k
Current Liabilities
£93k
Fixed Assets
£168k
Debtors
£833k
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 10.59 | -£62k |
| 2023 | 10.53 | +£112k |
| 2022 | 6.71 | +£181k |
| 2021 | 4.42 | +£14k |
| 2020 | 6.63 | — |
| 2019 | 4.37 | — |
| 2018 | 2.41 | — |
Derived from filed accounts. Not audited figures.