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Mingalar Limited

15157101

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

UNIT 7, REGENT BUSINESS CENTRE, HAYES, UB3 3NP
Incorporated 22/09/2023

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

51210
Freight air transport
52241
Cargo handling for water transport activities
52242
Cargo handling for air transport activities

Officers

Thaung Kyaw Tun

director · Since 14/05/2025

British

Former

Moe Thuta Tun

director · Resigned 14/05/2025

CompanyRankvs 12270+ SIC 51210 peers
36

Financial strength11th percentile among SIC peers · 3/25
Employees61th percentile among SIC peers · 9/15
LiquidityCurrent ratio 0.59× · 6/20
Longevity3 years trading (max 15) · 3/15
Filing complianceAll filings up to date · 15/15
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1227Mingalar Limited
32
How is this score calculated?
Financial strength3/25 pts

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

Employees9/15 pts

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

Liquidity6/20 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.

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 30/09/2024

Net Worth

-£7k

Balance sheet strength

Cash

£11k

Cash in the bank

Net Current Assets

-£8k

Working capital

Current Assets

£11k

Current Liabilities

£19k

Fixed Assets

£937

Debtors

£287

2avg. employees

Balance Sheet

Assets less current liabilities-£7k
Signed by Mr Thaung Tun 11th July 2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent Ratio
20240.59

Derived from filed accounts. Not audited figures.