Midwest Commodities Limited
11514565
Some Concerns
- No accounts filed in last 18 months (-5)
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 15/12/2021
BUSINESSMAN
INDIAN · ENGLAND · Age 68
Also on 1 other board
director · Since 01/08/2022
FINANCE MANAGER
INDIAN · UNITED KINGDOM · Age 52
Also on 2 other boards
Persons with Significant Control
Sajiv Kumar Damodaran Nair
Indian · England · Age 68
Office 311 70 Gracechurch Street, London, EC3V 0HR
Notified 15/12/2021
Anamika Agarwal
Indian · United Kingdom · Age 28
C/O Frp Advisory Trading Limited, 2nd Floor, Churchill House, St. Albans, AL1 3UU
Notified 14/04/2022
Former PSCs
Mr Hitenkumar Shantilal Doshi
Ceased 07/05/2019
Mr Sajiv Kumar Damodaran Nair
Ceased 12/11/2020
Mr Hitenkumar Shantilal Doshi
Ceased 14/04/2022
Mr Amjad Imam
Ceased 15/12/2021
Mr Martin Brian Tobian Gibbins
Ceased 14/04/2022
Manish Joshi
Ceased 07/11/2024
Charges0 outstanding
ZENITH BANK (UK) LIMITED
CompanyRankvs 1074+ SIC 46760 peers59
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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
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's or the parent 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 directors with respect to going con
Key FinancialsYear ending 30/09/2023
Turnover
£55.4M
Annual revenue
Net Worth
£6.8M
Balance sheet strength
Cash
£191k
Cash in the bank
Profit Before Tax
-£181k
Bottom line earnings
Net Current Assets
-£2.7M
Working capital
Current Assets
£15.2M
Current Liabilities
£17.9M
Fixed Assets
£11.1M
Debtors
£11.2M
Cost of Sales
£50.4M
Gross Profit
£5.0M
Admin Expenses
£5.2M
Operating Profit
-£172k
Profit After Tax
£0
Tax at Year End
Director Loans
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2023 | 0.85 | -£770k |
| 2022 | 1.15 | -£714k |
| 2021 | 1.11 | — |
Derived from filed accounts. Not audited figures.