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Modern Life Is Limited

08111479

active
Private Limited Company
england wales
Companies House
Health Score
73 / 100

Some Concerns

25/30
Filing
10/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • 1 outstanding charge (-2)

Details

52 CANONBURY ROAD, LONDON, N1 2HS
Incorporated 19/06/2012

Compliance

Last accounts

30/11/2024

total exemption full

Next accounts due

31/08/2026

On track

Confirmation statement

Last: 06/02/2026

Due 20/02/2027

On track

Industry

56302
Public houses and bars

Officers

Mr Michael Mcquade

director · Since 02/11/2023

FINANCIAL CONSULTANT

BRITISH · NORTHERN IRELAND · Age 32

Also on 2 other boards

Ms Kimberley Fryers

director · Since 03/11/2023

FINANCIAL CONTROLLER

NORTHERN IRISH · NORTHERN IRELAND · Age 35

Ms Rasa Petkeviciute

director · Since 03/11/2023

COMPANY DIRECTOR

LITHUANIAN · NORTHERN IRELAND · Age 40

Also on 1 other board

Persons with Significant Control

Mlil Holdings Limited

75–100% shares

52, Canonbury Road, London, N1 2HS

Reg: 15193599 · Companies House · Private Limited Company

Notified 03/11/2023

Former PSCs

Mr Nicholas John Peter Cottam

Ceased 29/06/2023

Mr Oliver Nicholas Cottam

Ceased 02/11/2023

Rupert Jeremy Cottam

Ceased 02/11/2023

Ms Rasa Petkeviciute

Ceased 03/11/2023

Charges1 outstanding

Charge
outstanding

MERCHANT MONEY SPV A LTD

Created 02/11/2023Registered 10/11/2023
charge
satisfied

BARCLAYS BANK PLC

Created 29/09/2012Registered 06/10/2012Satisfied 25/10/2023

CompanyRankvs 5732+ SIC 56302 peers
50

Financial strength74th percentile among SIC peers · 19/25
Employees83th percentile among SIC peers · 12/15
LiquidityNo balance sheet data · 0/20
Longevity14 years trading (max 15) · 14/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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5732Modern Life Is Limited
59
How is this score calculated?
Financial strength19/25 pts

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

Employees12/15 pts

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

Liquidity0/20 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 30/11/2024

Net Worth

£28k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£71k

Working capital

Current Assets

£267k

Current Liabilities

—

Fixed Assets

£42k

Debtors

£230k

15avg. employees+7

Balance Sheet

Bank loans & overdrafts£17k
Assets less current liabilities£113k
Prepared with BrightAccountsProduction v1.0.0

EstimatesDerived

YearCurrent RatioImplied Profit
20221.05+£6k
20210.84-£49k
20200.63-£38k
20190.40+£12k
20180.19—

Derived from filed accounts. Not audited figures.