Midwest Polychem Limited
12741152
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 01/03/2022
BUSINESSMAN
INDIAN · ENGLAND · Age 68
Also on 1 other board
Persons with Significant Control
Midwest Commodities Ltd
70 Gracechurch Street, London, EC3V 0HR
Reg: 11514565 · United Kingdom · Limited By Shares
Notified 14/04/2022
Former PSCs
Bushra Imran
Ceased 31/03/2021
Mr Amjad Zak Imam
Ceased 15/12/2021
Mr Martin Tobias Gibbins
Ceased 14/04/2022
Charges3 outstanding
FCMB BANK (UK) LIMITED
FCMB BANK (UK) LIMITED
FCMB BANK (UK) LIMITED
CompanyRankvs 15+ SIC 22220 peers17
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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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the 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 co
Key FinancialsYear ending 30/09/2024
Turnover
£23.3M
Annual revenue
Net Worth
-£1.1M
Balance sheet strength
Cash
£185k
Cash in the bank
Profit Before Tax
-£651k
Bottom line earnings
Net Current Assets
£7.4M
Working capital
Current Assets
£16.1M
Current Liabilities
£8.7M
Fixed Assets
£9.6M
Debtors
£7.4M
Cost of Sales
£18.2M
Gross Profit
£5.1M
Admin Expenses
£5.6M
Operating Profit
-£520k
Profit After Tax
£227k
Tax at Year End
Director Loans
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 1.85 | +£227k |
| 2023 | 1.70 | -£1.2M |
| 2022 | 1.11 | -£853k |
| 2021 | 4.70 | — |
Derived from filed accounts. Not audited figures.