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Midland Care Homes Ltd

10505394

active
Private Limited Company
Companies House
Health Score
76 / 100

Some Concerns

30/30
Filing
10/30
Financial
36/40
Risk
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

23 REEVES STREET 23 REEVES STREET, WALSALL, WS3 2DQ
Incorporated 01/12/2016

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

87300
Residential care activities for the elderly and disabled

Officers

Mr Harpinder Singh Birring

director · Since 01/12/2016

DIRECTOR

BRITISH · ENGLAND · Age 41

Persons with Significant Control

Midland Residential Care Ltd

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

Suite Ro Morgan Reach House, 136 Hagley Road, Birmingham, B16 9NX

Reg: 14022074 · England And Wales · Private Limited Company

Notified 10/01/2024

Former PSCs

Mr Harpinder Singh Birring

Ceased 10/01/2024

Mr Tarsem Singh

Ceased 10/01/2024

Mrs Jagdish Kaur

Ceased 10/01/2024

Charges2 outstanding

Charge
outstanding

BARCLAYS SECURITY TRUSTEE LIMITED

Created 16/07/2018Registered 17/07/2018
Charge
outstanding

BARCLAYS SECURITY TRUSTEE LIMITED

Created 16/07/2018Registered 17/07/2018

CompanyRankvs 3477+ SIC 87300 peers
47

Financial strength35th percentile among SIC peers · 9/25
Employees19th percentile among SIC peers · 3/15
LiquidityCurrent ratio 6.02× · 20/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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3477Midland Care Homes Ltd
56
How is this score calculated?
Financial strength9/25 pts

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

Employees3/15 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.

Risk deductions

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/03/2025

Net Worth

£99

Balance sheet strength

Cash

£1.7M

Cash in the bank

Net Current Assets

£1.7M

Working capital

Current Assets

£2.0M

Current Liabilities

£341k

Fixed Assets

£883k

Debtors

£360k

0avg. employees-35

Tax at Year End

Corp tax£224k

Director Loans(2022)

Company owes directors£713k

Balance Sheet

Intangible assets£8k
Assets less current liabilities£2.6M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20256.02—
20243.37+£336k
20231.63+£575k
20221.06+£412k
20210.54+£242k
20200.23+£147k
20190.19—

Derived from filed accounts. Not audited figures.