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Michaels Local Ltd

08642838

active
Private Limited Company
Companies House
Health Score
81 / 100

Healthy

25/30
Filing
20/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • 2 outstanding charges (-4)

Details

HANOVER ROAD, ROWLEY REGIS, B65 9EE
Incorporated 08/08/2013

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47110
Retail sale in non-specialised stores with food, beverages or tobacco predominating

Officers

Baljinder Kaur

director · Since 08/08/2013

RETAILER

INDIAN · ENGLAND · Age 62

Also on 1 other board

Joginder Singh

director · Since 08/08/2013

RETAILER

BRITISH · ENGLAND · Age 63

Also on 1 other board

Persons with Significant Control

Mr Gurdeep Ravi Singh Johal

25–50% shares

British · England · Age 31

Hanover Road, Hanover Road, Rowley Regis, B65 9EE

Notified 06/04/2016

Mrs Baljinder Kaur

25–50% shares

British · England · Age 63

Hanover Road, Hanover Road, Rowley Regis, B65 9EE

Notified 06/04/2016

Mr Joginder Singh

25–50% shares

British · England · Age 63

Hanover Road, Hanover Road, Rowley Regis, B65 9EE

Notified 06/04/2016

Charges2 outstanding

Charge
outstanding

BARCLAYS BANK PLC

Created 30/07/2015Registered 31/07/2015
Charge
outstanding

BARCLAYS BANK PLC

Created 26/11/2013Registered 03/12/2013

CompanyRankvs 6920+ SIC 47110 peers
50

Financial strength84th percentile among SIC peers · 21/25
Employees63th percentile among SIC peers · 9/15
LiquidityCurrent ratio 0.43× · 2/20
Longevity13 years trading (max 15) · 13/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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6920Michaels Local Ltd
59
How is this score calculated?
Financial strength21/25 pts

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

Employees9/15 pts

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

Liquidity2/20 pts

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

Longevity13/15 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 31/08/2021

Net Worth

£66k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£86k

Working capital

Current Assets

£65k

Current Liabilities

£151k

Fixed Assets

£292k

4avg. employees

Balance Sheet

Assets less current liabilities£207k
Prepared with Companies House

EstimatesDerived

YearCurrent RatioImplied Profit
20210.43-£8k
20200.40+£15k
20190.19-£29k
20180.76—

Derived from filed accounts. Not audited figures.