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Midlands Optical Enterprises Limited

11614654

active
Private Limited Company
england wales
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)

Details

12 ELLIOT CLOSE, LEICESTER, LE2 4UN
Incorporated 10/10/2018

Compliance

Last accounts

31/10/2024

total exemption full

Next accounts due

31/07/2026

On track

Confirmation statement

Last: 09/10/2025

Due 23/10/2026

On track

Industry

47782
Retail sale by opticians

Officers

Mr Karundeep Singh Bal

director · Since 10/10/2018

DIRECTOR

BRITISH · UNITED KINGDOM · Age 33

Also on 7 other boards

Mr Ryan Aaron Singh Khaira

director · Since 10/10/2018

DIRECTOR

BRITISH · UNITED KINGDOM · Age 32

Also on 7 other boards

Persons with Significant Control

Mr Karundeep Singh Bal

Appoint directors

British · United Kingdom · Age 33

16, Lockhart Close, Leicester, LE3 3SF

Notified 10/10/2018

CompanyRankvs 523+ SIC 47782 peers
60

Financial strength84th percentile among SIC peers · 21/25
Employees64th percentile among SIC peers · 10/15
LiquidityCurrent ratio 1.51× · 16/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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523Midlands Optical Enterprises Limited
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How is this score calculated?
Financial strength21/25 pts

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

Employees10/15 pts

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

Liquidity16/20 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.

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

Act 2006. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. 2.2. Going Concern Disclosure The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going

Key FinancialsYear ending 31/10/2024

Net Worth

£143k

Balance sheet strength

Cash

£31k

Cash in the bank

Net Current Assets

£52k

Working capital

Current Assets

£154k

Current Liabilities

£102k

Fixed Assets

£134k

Debtors

£111k

4avg. employees

Tax at Year End(2022)

Corp tax£6k

Balance Sheet

Intangible assets£88k
Assets less current liabilities£186k
Signed by Mr Ryan Khaira 1 May 2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20241.51+£28k
20231.69+£23k
20221.36+£22k
20211.14+£36k
20200.63—

Derived from filed accounts. Not audited figures.