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Mike Addison Optician Ltd

07900638

active
Private Limited Company
Companies House
Health Score
86 / 100

Healthy

30/30
Filing
20/30
Financial
36/40
Risk
  • 2 outstanding charges (-4)

Details

THE SHIRE HALL, APPLEBY IN WESTMORLAND, CA16 6XN
Incorporated 06/01/2012

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47782
Retail sale by opticians

Officers

Mr Michael Kenneth Addison

director · Since 06/01/2012

OPTICIAN

BRITISH · UNITED KINGDOM · Age 52

Persons with Significant Control

Mr Michael Kenneth Addison

50–75% shares
50–75% votes
Appoint directors

British · United Kingdom · Age 52

The Shire Hall, The Sands, Appleby In Westmorland, CA16 6XN

Notified 06/04/2016

Mrs Marie Emma Addison

25–50% shares
25–50% votes

British · United Kingdom · Age 51

The Shire Hall, The Sands, Appleby In Westmorland, CA16 6XN

Notified 31/01/2017

Charges2 outstanding

Charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 07/11/2024Registered 08/11/2024Satisfied 21/01/2026
Charge
outstanding

THE ROYAL BANK OF SCOTLAND PLC

Created 20/04/2015Registered 21/04/2015
Charge
outstanding

BARCLAYS BANK PLC

Created 31/03/2015Registered 10/04/2015

CompanyRankvs 388+ SIC 47782 peers
64

Financial strength70th percentile among SIC peers · 18/25
Employees72th percentile among SIC peers · 11/15
LiquidityCurrent ratio 1.52× · 16/20
Longevity14 years trading (max 15) · 14/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength18/25 pts

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

Employees11/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity16/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity14/15 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 28/02/2025

Net Worth

£60k

Balance sheet strength

Cash

£61k

Cash in the bank

Net Current Assets

£55k

Working capital

Current Assets

£159k

Current Liabilities

£105k

Fixed Assets

£254k

Debtors

£23k

5avg. employees+10
Prepared with v2025.76.1 limited_company_frs_102_section_1a_v1_1_3 companies_house

EstimatesDerived

YearCurrent RatioImplied Profit
20251.52-£13k
20241.75+£41k
20231.40+£12k
20221.36-£42k
20211.27

Derived from filed accounts. Not audited figures.