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Milos Restaurants (Uk) Limited

08844594

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

5 ELSTREE GATE, BOREHAMWOOD, WD6 1JD
Incorporated 14/01/2014

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

56101
Licensed restaurants

Officers

Constantinos Spiliadis

secretary · Since 14/01/2014

BRITISH

Also on 1 other board

Constantinos Spiliadis

director · Since 14/01/2014

DIRECTOR

CANADIAN · CANADA · Age 80

Also on 1 other board

George Spiliadis

director · Since 14/01/2014

DIRECTOR OF OPERATIONS

CANADIAN · CANADA · Age 45

Mr Raymond Anthony Symons

director · Since 11/07/2023

FINANCIAL CONTROLLER

BRITISH · UNITED KINGDOM · Age 68

Persons with Significant Control

Constantinos Spiliadis

75–100% shares
75–100% votes
Appoint directors

Canadian · Canada · Age 80

5, Elstree Gate, Borehamwood, WD6 1JD

Notified 06/04/2016

Charges0 outstanding

Charge
satisfied

FORTRESS CREDIT CORP. AS AGENT FOR THE LENDER

Created 03/07/2014Registered 04/07/2014Satisfied 11/10/2024

CompanyRankvs 16216+ SIC 56101 peers
35

Financial strength0th percentile among SIC peers · 0/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.08× · 2/20
Longevity13 years trading (max 15) · 13/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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16216Milos Restaurants (Uk) Limited
44
How is this score calculated?
Financial strength0/25 pts

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

Employees15/15 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

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

on the financial statements which is not modified, we have considered the adequacy of the disclosure in note 2.2 of the financial statements concerning the Company's ability to continue as a going concern. The Company is a subsidiary of 3903427 Canada Inc, a company registered in Canada, which provides financial support for the Company's activities. Consequently the cash flows of the group

Key FinancialsYear ending 31/03/2024

Net Worth

-£6.7M

Balance sheet strength

Cash

£155k

Cash in the bank

Net Current Assets

-£9.2M

Working capital

Current Assets

£807k

Current Liabilities

£10.0M

Fixed Assets

£2.7M

Debtors

£207k

97avg. employees

Balance Sheet

Bank loans & overdrafts£10k
Assets less current liabilities-£6.5M
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
20240.08-£963k
20230.12—

Derived from filed accounts. Not audited figures.