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Midx Ltd

15348694

active
Private Limited Company
england wales
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

BIODISCOVERY INSTITUTE UNIVERSITY PARK, NOTTINGHAM, NG7 2RD
Incorporated 13/12/2023

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 12/12/2025

Due 26/12/2026

On track

Industry

72190
Other research and experimental development on natural sciences and engineering

Officers

Dr Simone Lucanto

director · Since 17/06/2024

CHIEF TECHNOLOGY OFFICER

ITALIAN · ENGLAND · Age 32

Persons with Significant Control

The University Of Nottingham

25–50% shares

University Park, University Park, Nottingham, NG7 2RD

Reg: Rc000664 · Companies House · Royal Charter And Holds Charitable Status

Notified 22/04/2025

Former PSCs

Dr Shaun Nelson Robertson

Ceased 22/04/2025

CompanyRankvs 2175+ SIC 72190 peers
54

Financial strength65th percentile among SIC peers · 16/25
Employees68th percentile among SIC peers · 10/15
LiquidityCurrent ratio 5.33× · 20/20
Longevity3 years trading (max 15) · 3/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength16/25 pts

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

Employees10/15 pts

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

Liquidity20/20 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

and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. 2.2. Going Concern Disclosure The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going

Key FinancialsYear ending 31/12/2024

Net Worth

£10k

Balance sheet strength

Cash

£63k

Cash in the bank

Net Current Assets

£82k

Working capital

Current Assets

£101k

Current Liabilities

£19k

Fixed Assets

£2k

Debtors

£38k

2avg. employees

Balance Sheet

Assets less current liabilities£84k
Signed by Dr S N Robertson 28 March 2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent Ratio
20245.33

Derived from filed accounts. Not audited figures.