Michels Ventures 2 Limited
10798692
Some Concerns
- Negative net worth (-10)
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 2 outstanding charges (-4)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 01/06/2017
CHAIRMAN
BRITISH · ENGLAND · Age 79
Also on 3 other boards
secretary · Since 10/04/2019
director · Since 15/01/2026
BRITISH · UNITED KINGDOM · Age 48
Also on 3 other boards
Persons with Significant Control
London And Regional Group Property Holdings Ltd
Quadrant House, Floor 6, London, E1W 1YW
Notified 21/12/2018
Former PSCs
David Michael Charles Michels
Ceased 01/08/2017
London & Regional Group Trading No 3 Ltd
Ceased 21/12/2018
Charges2 outstanding
METRO BANK PLC
METRO BANK PLC
CompanyRankvs 7088+ SIC 55100 peers25
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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.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
the directors' assessment of the entity's ability to continue to adopt the going concern basis of accounting included the review of the forecast for the next 5 years. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions t
Key FinancialsYear ending 31/12/2024
Turnover
£11.5M
Annual revenue
Net Worth
-£3.4M
Balance sheet strength
Cash
£877k
Cash in the bank
Profit Before Tax
-£3k
Bottom line earnings
Net Current Assets
-£964k
Working capital
Current Assets
£1.5M
Current Liabilities
£2.4M
Fixed Assets
£14.7M
Debtors
£474k
Cost of Sales
£1.2M
Gross Profit
£10.3M
Admin Expenses
£9.2M
Operating Profit
£1.1M
Profit After Tax
-£347k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.61 | -£347k |
| 2023 | 0.78 | -£395k |
| 2022 | 2.86 | -£99k |
| 2021 | 2.92 | -£833k |
| 2020 | 3.47 | — |
Derived from filed accounts. Not audited figures.