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Megasteel Ropes Limited

15067407

active
Private Limited Company
Companies House
Health Score
85 / 100

Healthy

25/30
Filing
20/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)

Details

INDUSTRIAL ESTATE, MALMESBURY, SN16 0DY
Incorporated 13/08/2023

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46720
Wholesale of metals and metal ores

Officers

Mr Shyam Jodhawat

director · Since 13/08/2023

DIRECTOR

BRITISH · UNITED KINGDOM · Age 77

Also on 2 other boards

Mr Christian Olejnik

director · Since 13/08/2023

DIRECTOR

BRITISH · ENGLAND · Age 50

Also on 1 other board

Mr Nigel Graham Roberts

director · Since 13/08/2023

DIRECTOR

BRITISH · UNITED KINGDOM · Age 65

Also on 1 other board

Persons with Significant Control

Engineering Acquisitions Limited

50–75% shares
50–75% votes
Appoint directors

Rodbourne Rail Business Centre, Grange Lane, Malmesbury, SN16 0ES

Reg: 15056975 · England & Wales · Limited Company

Notified 13/08/2023

Varuna Holdings Limited

25–50% shares
25–50% votes

Clyde Offices, 2nd Floor, 48 West George Street, Glasgow, G2 1BP

Reg: 778166 · Scotland · Limited Company

Notified 13/08/2023

CompanyRankvs 925+ SIC 46720 peers
33

Financial strength25th percentile among SIC peers · 6/25
Employees45th percentile among SIC peers · 7/15
LiquidityCurrent ratio 1.02× · 12/20
Longevity3 years trading (max 15) · 3/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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925Megasteel Ropes Limited
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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.

Employees7/15 pts

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

Liquidity12/20 pts

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

Longevity3/15 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

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co

Key FinancialsYear ending 31/10/2024

Turnover

£586k

Annual revenue

Net Worth

£100

Balance sheet strength

Cash

£76k

Cash in the bank

Profit Before Tax

£14k

Bottom line earnings

Net Current Assets

£10k

Working capital

Current Assets

£430k

Current Liabilities

£420k

Debtors

£85k

Cost of Sales

£481k

Gross Profit

£105k

Admin Expenses

£91k

Operating Profit

£14k

Profit After Tax

£12k

1avg. employees

Tax at Year End

Corp tax£3k

People Costs

NI contributions£6k

Balance Sheet

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

EstimatesDerived

YearCurrent Ratio
20241.02

Derived from filed accounts. Not audited figures.