Michels Ventures 3 Limited
11165736
Some Concerns
- 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 23/01/2018
CHAIRMAN
BRITISH · ENGLAND · Age 79
Also on 4 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
Reg: 11393433 · England · Limited Company
Notified 20/12/2018
Former PSCs
David Michael Charles Michels
Ceased 28/02/2018
London & Regional Group Trading No 3 Ltd
Ceased 20/12/2018
Charges2 outstanding
CITIBANK N.A., LONDON BRANCH
CITIBANK N.A., LONDON BRANCH
CompanyRankvs 2447+ SIC 55100 peers44
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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
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the director with respect to going con
Key FinancialsYear ending 31/12/2024
Turnover
£10.2M
Annual revenue
Net Worth
£4.2M
Balance sheet strength
Cash
£2.1M
Cash in the bank
Profit Before Tax
£449k
Bottom line earnings
Net Current Assets
-£26.6M
Working capital
Current Assets
£10.2M
Current Liabilities
£36.8M
Fixed Assets
£30.9M
Debtors
£8.0M
Cost of Sales
£826k
Gross Profit
£9.3M
Admin Expenses
£7.1M
Operating Profit
£2.3M
Profit After Tax
£450k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.28 | +£450k |
| 2023 | 3.71 | +£479k |
| 2022 | 2.19 | +£231k |
| 2021 | 2.30 | -£1.2M |
| 2020 | 2.83 | — |
Derived from filed accounts. Not audited figures.