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Metrea Management Limited

10348588

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)
  • Loss before tax (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

THIRD FLOOR, THE AIRCRAFT FACTORY, LONDON, W6 0LE
Incorporated 26/08/2016

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

64209
Activities of other holding companies

Officers

Mr Bruce William Farquhar

director · Since 21/12/2021

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 51

Also on 10 other boards

Mr Carmelo Truscello

director · Since 21/12/2021

COMPANY DIRECTOR

ITALIAN · ENGLAND · Age 40

Also on 9 other boards

Persons with Significant Control

Metrea Holdings Limited

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

Third Floor, The Aircraft Factory, 100 Cambridge Grove, London, W6 0LE

Reg: 12369727 · Companies House · Corporate

Notified 20/12/2019

CompanyRankvs 375210+ SIC 64209 peers
36

Financial strength1th percentile among SIC peers · 0/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.95× · 6/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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37521Metrea Management Limited
42
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.

Liquidity6/20 pts

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

Longevity10/15 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

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are d

Key FinancialsYear ending 31/12/2023

Turnover

£3.1M

Annual revenue

Net Worth

-£1.6M

Balance sheet strength

Cash

£107k

Cash in the bank

Profit Before Tax

-£11.0M

Bottom line earnings

Net Current Assets

-£2.1M

Working capital

Current Assets

£39.4M

Current Liabilities

£41.5M

Fixed Assets

£473k

Debtors

£76k

Gross Profit

£3.1M

Admin Expenses

£13.7M

Operating Profit

-£10.6M

Profit After Tax

-£11.2M

27avg. employees

Tax at Year End

Corp tax£5k

People Costs

Wages & salaries£5.7M
NI contributions£432k

Balance Sheet

Intangible assets£154k
Assets less current liabilities-£1.6M
Prepared with Caseware UK (AP4) 2023.0.135

EstimatesDerived

YearCurrent Ratio
20230.95

Derived from filed accounts. Not audited figures.