Midac Uk Ltd
07914089
Healthy
- Negative net worth (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/12/2025
full
Next accounts due
30/09/2027
Confirmation statement
Last: 09/10/2025
Due 23/10/2026
Industry
Officers
Persons with Significant Control
Former PSCs
Midac Spa
Ceased 17/05/2024
CompanyRankvs 1774+ SIC 45310 peers46
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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
Going concern doubt: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the director with respect to g
Key FinancialsYear ending 31/12/2024
Net Worth
-£2.3M
Balance sheet strength
Cash
£2.1M
Cash in the bank
Profit Before Tax
£598k
Bottom line earnings
Net Current Assets
£1.3M
Working capital
Current Assets
£11.5M
Current Liabilities
£10.1M
Fixed Assets
£529k
Debtors
£375k
Cost of Sales
£14.3M
Gross Profit
£3.8M
Admin Expenses
£2.9M
Profit After Tax
£598k
Tax at Year End(2021)
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit | Est. Revenue |
|---|---|---|---|
| 2024 | 1.13 | +£598k | — |
| 2023 | 1.13 | +£179k | — |
| 2022 | 1.13 | -£3.5M | — |
| 2021 | 1.37 | +£127k | £10.6M |
| 2020 | 1.43 | +£63k | — |
| 2019 | 1.54 | +£67k | — |
| 2018 | 1.14 | — | — |
Derived from filed accounts. Not audited figures.