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Mgh Decorators Ltd

11667126

active
Private Limited Company
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)

Details

72 LEIGHFIELD DRIVE, SUNDERLAND, SR3 2DD
Incorporated 08/11/2018

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

43341
Painting

Officers

Mr Michael George Hetherington

director · Since 08/11/2018

PAINTER & DECORATOR

BRITISH · ENGLAND · Age 55

Also on 1 other board

Persons with Significant Control

Mr Michael George Hetherington

75–100% shares

British · England · Age 55

72, Leighfield Drive, Sunderland, SR3 2DD

Notified 08/11/2018

CompanyRankvs 7169+ SIC 43341 peers
45

Financial strength85th percentile among SIC peers · 21/25
Employees8th percentile among SIC peers · 1/15
LiquidityNo balance sheet data · 0/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
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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.

Employees1/15 pts

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

Liquidity0/20 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 30/11/2024

Net Worth

£45k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

£36k

Working capital

Current Assets

Current Liabilities

-£12k

0avg. employees

Balance Sheet

Assets less current liabilities£46k
Signed by Michael George Hetherington

EstimatesDerived

YearImplied Profit
2024+£9k
2023+£4k
2022+£2k
2021+£7k
2020+£2k

Derived from filed accounts. Not audited figures.