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Indian Midas Limited

11327026

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

8 ALLINGTON ROAD, HARROW, HA2 6AL
Incorporated 24/04/2018

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47820
Retail sale via stalls and markets of textiles, clothing and footwear
47910
Retail sale via mail order houses or via Internet

Officers

Mrs Rachanaben Mithunkumar Vahitra

director · Since 24/04/2018

CLOTHING RETAILER

BRITISH · ENGLAND · Age 47

Persons with Significant Control

Mrs Rachanaben Mithunkumar Vahitra

75–100% shares

British · England · Age 47

8, Allington Road, Harrow, HA2 6AL

Notified 24/04/2018

CompanyRankvs 1944+ SIC 47820 peers
42

Financial strength18th percentile among SIC peers · 5/25
Employees55th percentile among SIC peers · 8/15
LiquidityCurrent ratio 0.84× · 6/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
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1944Indian Midas Limited
38
How is this score calculated?
Financial strength5/25 pts

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

Employees8/15 pts

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

Liquidity6/20 pts

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

Longevity8/15 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.

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

Key FinancialsYear ending 30/04/2025

Net Worth

-£3k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£2k

Working capital

Current Assets

£11k

Current Liabilities

£14k

1avg. employees

Balance Sheet

Assets less current liabilities-£2k
Signed by Mrs Rachanaben Vahitra 01/12/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.84+£5k
20240.46+£1k
20230.20—

Derived from filed accounts. Not audited figures.