Midlands Pipeline Services Ltd
13713074
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Mr Martynas Pirtinas
Lithuanian · England · Age 29
33, Clarks Lane, Newark, NG24 2EF
Notified 29/10/2021
CompanyRankvs 6595+ SIC 25990 peers30
Show leaderboard
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 31/10/2024
Net Worth
£1
Balance sheet strength
Cash
£3
Cash in the bank
Net Current Assets
-£6k
Working capital
Current Assets
£23k
Current Liabilities
£29k
Fixed Assets
£32k
Debtors
£18k
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2024 | 0.79 |
| 2023 | 2.00 |
Derived from filed accounts. Not audited figures.