Back to search

Minety Battery Storage Limited

10967566

active
Private Limited Company
england wales
Companies House
Health Score
68 / 100

Some Concerns

30/30
Filing
0/30
Financial
38/40
Risk
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

OFFICE 1.13/1.14 FORA READING, READING, RG1 1LX
Incorporated 18/09/2017

Compliance

Last accounts

31/12/2024

small

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 06/12/2025

Due 20/12/2026

On track

Industry

35110
Production of electricity

Officers

Zhiqiang Chen

director · Since 28/04/2023

GENERAL MANAGER

CHINESE · UNITED KINGDOM · Age 53

Also on 2 other boards

Mr Jingyu Guo

director · Since 22/02/2024

DIRECTOR

CHINESE · CHINA · Age 47

Also on 2 other boards

Persons with Significant Control

State-Owned Assets Supervision And Administration Commission

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

No. 26 Xidajie, Xuanwumen, Beijing, 10053

Notified 16/04/2019

Former PSCs

Low Carbon Storage Investment Company Limited

Ceased 30/03/2019

Power Act Limited

Ceased 16/04/2019

Charges1 outstanding

Charge
outstanding

DBS BANK LTD., LONDON BRANCH

Created 11/11/2021Registered 18/11/2021

CompanyRankvs 1078+ SIC 35110 peers
43

Financial strength94th percentile among SIC peers · 24/25
Employees88th percentile among SIC peers · 13/15
LiquidityCurrent ratio 0.32× · 2/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
Show leaderboard
How is this score calculated?
Financial strength24/25 pts

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

Employees13/15 pts

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

Liquidity2/20 pts

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

Longevity9/15 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

Outstanding charges: -10 pts

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

Going Concern Doubt

foreseeable future. The directors consider that there are no material uncertainties relating to events or conditions that could cast significant doubt upon the company's ability to continue as a going concern, and continues to adopt the going concern basis in preparing its financial statements. Comparative figures Certain comparative figures have been restated where necessary to confirm with c

Key FinancialsYear ending 31/12/2024

Net Worth

£2.2M

Balance sheet strength

Cash

£1.6M

Cash in the bank

Net Current Assets

-£6.3M

Working capital

Current Assets

£2.9M

Current Liabilities

£9.2M

Fixed Assets

£13.4M

Debtors

£754k

3avg. employees+1

Tax at Year End

Dividends paid£1.0M

Balance Sheet

Bank loans & overdrafts£950k
Assets less current liabilities£7.1M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.32-£1.2M
20230.46-£1.1M
20220.62+£1.7M
20210.44+£2.8M
201959.49

Derived from filed accounts. Not audited figures.