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Madisons Recruitment Ltd

09723338

active
Private Limited Company
england wales
Companies House
Insolvency history
Health Score
53 / 100

Notable Risks

25/30
Filing
10/30
Financial
18/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Active insolvency proceedings (-20)
  • 1 outstanding charge (-2)

Details

SUITE 17, ESSEX HOUSE, UPMINSTER, RM14 2SJ
Incorporated 08/08/2015

Compliance

Last accounts

31/08/2024

total exemption full

Next accounts due

30/05/2026

Overdue

Confirmation statement

Last: 07/08/2025

Due 21/08/2026

On track

Industry

78109
Other activities of employment placement agencies

Officers

Mr Alex Kenneth Lovett

director · Since 08/08/2015

DIRECTOR

BRITISH · ENGLAND · Age 34

Also on 5 other boards

Persons with Significant Control

Mr Ross Grahame Lovett

25–50% shares
25–50% votes

British · England · Age 39

Suite 17, Essex House, Station Road, Upminster, RM14 2SJ

Notified 06/04/2016

Mr Alex Kenneth Lovett

25–50% shares
25–50% votes

British · England · Age 34

Suite 17, Essex House, Station Road, Upminster, RM14 2SJ

Notified 06/04/2016

Charges1 outstanding

Charge
outstanding

ECAPITAL COMMERCIAL FINANCE LIMITED

Created 13/10/2022Registered 02/11/2022
Charge
satisfied

PULSE CASHFLOW FINANCE LIMITED

Created 21/03/2019Registered 22/03/2019Satisfied 17/03/2023
Charge
satisfied

HSBC BANK PLC

Created 25/01/2018Registered 02/02/2018Satisfied 29/04/2019
Charge
satisfied

HSBC INVOICE FINANCE (UK) LTD

Created 19/12/2017Registered 19/12/2017Satisfied 29/04/2019
Charge
satisfied

HSBC BANK PLC

Created 23/11/2017Registered 24/11/2017Satisfied 29/04/2019
Charge
satisfied

HITACHI CAPITAL (UK) PLC

Created 21/07/2017Registered 21/07/2017Satisfied 17/05/2018
Charge
satisfied

BIBBY FINANCIAL SERVICES LTD (AS SECURITY TRUSTEE)

Created 09/06/2016Registered 14/06/2016Satisfied 25/07/2017

Insolvency History1 case

creditors voluntary liquidation15/04/2026

David Ronald Elliott (practitioner)

CompanyRankvs 13592+ SIC 78109 peers
23

Financial strength0th percentile among SIC peers · 0/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.5× · 2/20
Longevity11 years trading (max 15) · 11/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10Insolvency history -10
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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.

Longevity11/15 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

Insolvency history: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/08/2024

Net Worth

-£1.0M

Balance sheet strength

Cash

£12k

Cash in the bank

Net Current Assets

-£872k

Working capital

Current Assets

£860k

Current Liabilities

£1.7M

Fixed Assets

£9k

Debtors

£754k

40avg. employees+23

Tax at Year End

Corp tax-£3k
VAT£200k

Director Loans

Directors owe company£190k

Balance Sheet

Assets less current liabilities-£863k
Signed by Mr Alex Lovett 29/07/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20240.50-£226k£4.0M
20230.63-£808k£1.2M
20221.39+£16k£3.5M
20211.40+£29k
20201.13-£49k
20191.13-£10k
20181.15

Derived from filed accounts. Not audited figures.