Midway Telecommunication Ltd
10203150
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Last accounts
31/05/2025
total exemption full
Next accounts due
28/02/2027
Confirmation statement
Last: 30/04/2026
Due 14/05/2027
Industry
Officers
Persons with Significant Control
Mr Balwant Singh Parmar
British · England · Age 47
19, Staindale Drive, Nottingham, NG8 5FU
Notified 27/05/2016
CompanyRankvs 7627+ SIC 61900 peers37
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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.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/05/2025
Net Worth
-£2k
Balance sheet strength
Cash
£850
Cash in the bank
Net Current Assets
-£475
Working capital
Current Assets
£4k
Current Liabilities
£5k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.90 | +£0 |
| 2025 | 0.90 | — |
| 2024 | 1.60 | — |
| 2023 | 1.59 | -£151 |
| 2022 | 2.27 | -£169 |
| 2021 | 3.30 | -£1k |
| 2020 | 0.88 | +£742 |
| 2019 | 0.79 | -£3k |
Derived from filed accounts. Not audited figures.