Midland Fabrication Ltd
14779739
Some Concerns
- Current liabilities exceed current assets (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Mr Willem Luke Phelps
British · England · Age 28
6 Grendon Road, Grendon Road, Tamworth, B78 1HB
Notified 04/04/2023
Charges1 outstanding
ASSET ADVANTAGE LIMITED
CompanyRankvs 3095+ SIC 25110 peers28
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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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 30/04/2025
Net Worth
£8k
Balance sheet strength
Cash
£3k
Cash in the bank
Net Current Assets
-£3k
Working capital
Current Assets
£11k
Current Liabilities
£14k
Fixed Assets
£11k
Debtors
£7k
Tax at Year End(2024)
EstimatesDerived
| Year | Current Ratio | Implied Profit | Est. Revenue |
|---|---|---|---|
| 2025 | 0.77 | +£5k | — |
| 2024 | 1.40 | — | £26k |
Derived from filed accounts. Not audited figures.