Megasteel Ropes Limited
15067407
Healthy
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/10/2024
full
Next accounts due
31/07/2026
Confirmation statement
Last: 12/08/2025
Due 26/08/2026
Industry
Officers
director · Since 13/08/2023
DIRECTOR
BRITISH · UNITED KINGDOM · Age 77
Also on 2 other boards
director · Since 13/08/2023
DIRECTOR
BRITISH · ENGLAND · Age 50
Also on 1 other board
director · Since 13/08/2023
DIRECTOR
BRITISH · UNITED KINGDOM · Age 65
Also on 1 other board
Persons with Significant Control
Engineering Acquisitions Limited
Rodbourne Rail Business Centre, Grange Lane, Malmesbury, SN16 0ES
Reg: 15056975 · England & Wales · Limited Company
Notified 13/08/2023
Varuna Holdings Limited
Clyde Offices, 2nd Floor, 48 West George Street, Glasgow, G2 1BP
Reg: 778166 · Scotland · Limited Company
Notified 13/08/2023
CompanyRankvs 895+ SIC 46720 peers33
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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
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 concern are d
Key FinancialsYear ending 31/10/2025
Turnover
£1.0M
Annual revenue
Net Worth
£100
Balance sheet strength
Cash
£4k
Cash in the bank
Profit Before Tax
£53k
Bottom line earnings
Net Current Assets
£50k
Working capital
Current Assets
£593k
Current Liabilities
£544k
Debtors
£180k
Cost of Sales
£811k
Gross Profit
£191k
Admin Expenses
£139k
Operating Profit
£53k
Profit After Tax
£39k
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2025 | 1.09 |
| 2024 | 1.02 |
Derived from filed accounts. Not audited figures.