Michal Blance Limited
12698296
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Mr Fahim Patel
British · England · Age 31
Unit C35 First Floor, Carlinghow Mills, Batley, WF17 8LL
Notified 09/01/2024
Former PSCs
Mr Mohamedalmas Adam
Ceased 09/01/2024
CompanyRankvs 56220+ SIC 62012 peers30
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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.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 30/06/2024
Net Worth
-£1.2M
Balance sheet strength
Cash
£244k
Cash in the bank
Net Current Assets
-£261k
Working capital
Current Assets
£412k
Current Liabilities
£674k
Fixed Assets
£77k
Debtors
£168k
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit | Est. Revenue |
|---|---|---|---|
| 2024 | 0.61 | -£507k | £13.0M |
| 2023 | 0.14 | — | £8.9M |
| 2021 | NaN | — | — |
Derived from filed accounts. Not audited figures.