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Mg Greenheat Renewables Limited

12864260

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

UNIT 8, THE OLD MALTHOUSE, GRANTHAM, NG31 7BG
Incorporated 08/09/2020

Compliance

Last accounts

30/09/2024

total exemption full

Next accounts due

30/06/2026

Overdue

Confirmation statement

Last: 07/09/2025

Due 21/09/2026

Overdue

Industry

43220
Plumbing, heat and air-conditioning installation

Officers

Mr Michael Charles Hand

director · Since 27/10/2020

RENEWABLE ENERGY CONSULTANT

BRITISH · UNITED KINGDOM · Age 37

Also on 1 other board

Persons with Significant Control

Mr Michael Charles Hand

75–100% shares
75–100% votes
Appoint directors

British · United Kingdom · Age 37

Uit 1a, The Old Malthouse, Grantham, NG31 7BG

Notified 31/03/2022

Former PSCs

Mr Michael Richard Greensmith

Ceased 11/12/2023

Mr Christopher Greensmith

Ceased 11/12/2023

CompanyRankvs 4977+ SIC 43220 peers
63

Financial strength79th percentile among SIC peers · 20/25
Employees77th percentile among SIC peers · 12/15
LiquidityCurrent ratio 2.15× · 20/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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4977Mg Greenheat Renewables Limited
73
How is this score calculated?
Financial strength20/25 pts

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

Employees12/15 pts

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

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity6/15 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

the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention. Going concern In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the compan

Key FinancialsYear ending 30/09/2024

Net Worth

£43k

Balance sheet strength

Cash

£4k

Cash in the bank

Net Current Assets

£29k

Working capital

Current Assets

£54k

Current Liabilities

£25k

Fixed Assets

£14k

Debtors

£42k

3avg. employees-1

Balance Sheet

Assets less current liabilities£43k
Signed by Mr M Hand,Prepared with IRIS Elements Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20242.15-£30k
20231.85—

Derived from filed accounts. Not audited figures.