Midas It Solutions Limited
10634892
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 08/10/2024
MANAGING DIRECTOR
BRITISH · WALES · Age 51
Also on 6 other boards
Persons with Significant Control
Itcs (Uk) Ltd
Sony Technology Centre, Pencoed Technology Park, Bridgend, CF35 5HZ
Reg: 05251472 · Companies House · Private Limited Company (Ltd)
Notified 08/10/2024
Former PSCs
Mr Julian Noel William Hopkins
Ceased 08/10/2024
Mr Mark Richard Press
Ceased 22/11/2022
CompanyRankvs 126918+ SIC 82990 peers40
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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 28/02/2025
Net Worth
-£1k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
-£1k
Working capital
Current Assets
£47k
Current Liabilities
£48k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.98 | -£49k |
| 2024 | 0.50 | -£985 |
| 2023 | 0.38 | +£706 |
| 2022 | 0.21 | -£40k |
| 2021 | 0.07 | -£65k |
| 2020 | 0.03 | +£61k |
| 2019 | 0.04 | — |
Derived from filed accounts. Not audited figures.