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Michaels Financial Ltd

13051867

active
Private Limited Company
england wales
Companies House
Health Score
85 / 100

Healthy

25/30
Filing
20/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)

Details

SUITE 17, CAUTRAC SERVICED OFFICES THE CAUSEWAY, COLCHESTER, CO6 4EJ
Incorporated 30/11/2020

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 18/03/2026

Due 01/04/2027

On track

Industry

64999
Other financial service activities

Officers

Mr Michael John Rayner

director · Since 30/11/2020

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 43

Also on 11 other boards

Mr Michael Christopher Simpson

director · Since 30/11/2020

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 38

Also on 7 other boards

Persons with Significant Control

Mr Michael Christopher Simpson

25–50% shares
25–50% votes
Appoint directors

British · England · Age 38

Suite 17, Cautrac Serviced Offices, The Causeway, Colchester, CO6 4EJ

Notified 30/11/2020

Mr Michael John Rayner

25–50% shares
25–50% votes
Appoint directors

British · England · Age 43

Suite 17, Cautrac Serviced Offices, The Causeway, Colchester, CO6 4EJ

Notified 30/11/2020

Former PSCs

Mr Mark Nicholas Everard

Ceased 18/03/2022

CompanyRankvs 11550+ SIC 64999 peers
57

Financial strength24th percentile among SIC peers · 6/25
Employees90th percentile among SIC peers · 14/15
LiquidityCurrent ratio 1.57× · 16/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
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11550Michaels Financial Ltd
52
How is this score calculated?
Financial strength6/25 pts

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

Employees14/15 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.

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.

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/12/2024

Net Worth

£3

Balance sheet strength

Cash

£11k

Cash in the bank

Net Current Assets

£11k

Working capital

Current Assets

£30k

Current Liabilities

£19k

Fixed Assets

£892

Debtors

£19k

5avg. employees

Balance Sheet

Assets less current liabilities£12k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20241.57
20230.19

Derived from filed accounts. Not audited figures.