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Mirage Automotive Developments Ltd

10486462

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)

Details

WATERSIDE BARN NEWBRIDGE ROAD, WREXHAM, LL14 3JE
Incorporated 18/11/2016

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

45112
Sale of used cars and light motor vehicles

Officers

Mr Matthew David Potts

director · Since 18/11/2016

SOFTWARE CONSULTANT

BRITISH · UNITED KINGDOM · Age 42

Also on 6 other boards

Mr Terence Whiteman

director · Since 18/11/2016

COMPANY DIRECTOR

BRITISH · WALES · Age 80

Mr Glynn Potts

secretary · Since 30/09/2019

Persons with Significant Control

Mr Matthew David Potts

Significant control

British · United Kingdom · Age 42

3 Bentley Drive, Oswestry, SY11 1TQ

Notified 18/11/2016

Mr Terence Whiteman

Significant control

British · Wales · Age 80

Waterside Barn, Newbridge Road, Wrexham, LL14 3JE

Notified 18/11/2016

Former PSCs

Mr Leigh Whiteman

Ceased 30/09/2019

CompanyRankvs 10592+ SIC 45112 peers
52

Financial strength4th percentile among SIC peers · 1/25
Employees37th percentile among SIC peers · 6/15
LiquidityCurrent ratio 2.08× · 20/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength1/25 pts

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

Employees6/15 pts

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

Liquidity20/20 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.

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

Key FinancialsYear ending 31/12/2024

Net Worth

-£76k

Balance sheet strength

Cash

£3k

Cash in the bank

Net Current Assets

£58k

Working capital

Current Assets

£111k

Current Liabilities

£53k

Fixed Assets

£382

Debtors

£28k

1avg. employees

Balance Sheet

Bank loans & overdrafts£33k
Assets less current liabilities£58k
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20242.08+£24k
20231.53

Derived from filed accounts. Not audited figures.