Mandarin Cycles Limited
07798587
Some Concerns
- No accounts filed in last 18 months (-5)
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Mr Darrin Paul Massingham
British · England · Age 60
1, Penn Grove, Norwich, NR3 3JZ
Notified 05/10/2016
Charges1 outstanding
HSBC BANK PLC
CompanyRankvs 831+ SIC 47789 peers72
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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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/12/2024
Turnover
£347k
Annual revenue
Net Worth
£85k
Balance sheet strength
Cash
£17k
Cash in the bank
Profit Before Tax
-£6k
Bottom line earnings
Net Current Assets
£79k
Working capital
Current Assets
£132k
Current Liabilities
£53k
Fixed Assets
£7k
Debtors
£3k
Cost of Sales
£176k
Gross Profit
£172k
Admin Expenses
£178k
Operating Profit
-£6k
Profit After Tax
-£6k
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 2.49 | -£9k |
| 2023 | 2.85 | -£13k |
| 2022 | 3.03 | +£19k |
| 2021 | 1.99 | — |
Derived from filed accounts. Not audited figures.