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Metal Recycle Group Ltd

14544445

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

8 CLOCK HOUSE PARADE, LONDON, N13 6BG
Incorporated 16/12/2022

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

32990
Other manufacturing
45320
Retail trade of motor vehicle parts and accessories

Officers

Mr Mehmet Findik

director · Since 16/12/2022

DIRECTOR

BRITISH · ENGLAND · Age 38

Also on 1 other board

Mr Ross Aaron Maule

director · Since 16/12/2022

DIRECTOR

BRITISH · ENGLAND · Age 39

Also on 4 other boards

Persons with Significant Control

Mr Mehmet Findik

25–50% shares
25–50% votes

British · England · Age 38

Unit 9 Pdm Units Birchwood Estate, Hoe Lane, Waltham Abbey, EN9 2RJ

Notified 16/12/2022

Mr Ross Aaron Maule

25–50% shares
25–50% votes

British · England · Age 39

Unit 9 Pdm Units Birchwood Estate, Hoe Lane, Waltham Abbey, EN9 2RJ

Notified 16/12/2022

CompanyRankvs 14517+ SIC 32990 peers
25

Financial strength6th percentile among SIC peers · 2/25
Employees13th percentile among SIC peers · 2/15
LiquidityCurrent ratio 0.39× · 2/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
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14517Metal Recycle Group Ltd
24
How is this score calculated?
Financial strength2/25 pts

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

Employees2/15 pts

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

Liquidity2/20 pts

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

Longevity4/15 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

-£52k

Balance sheet strength

Cash

£2k

Cash in the bank

Net Current Assets

-£52k

Working capital

Current Assets

£33k

Current Liabilities

£85k

Debtors

£20k

0avg. employees
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20240.39-£39k
20230.53—

Derived from filed accounts. Not audited figures.