Is this your business? Claim it today and take control of your Business Credit Rating.

MIDAS UNDERWRITING LTD

Company TypePrivate Limited
Company Number04040230
Incorporated2000-07-25
IndustryNon-life insurance
Websitewww.midasuw.com
Phone Number0845 600 9258
Net Profit MarginPost-Tax Profit / Revenue (%)

Not Verified

Claim this Business

Summary

MIDAS UNDERWRITING LTD was formed on the 25th July 2000 (filed on the 26th April 2017) , and are based in County Down, 36 Jubilee Road. They are currently rated E and are considered to represent a below average risk score. Their credit score was last updated on 8th May 2017 when it was downgraded to the current E from B. Companies house classifies them as Full Accounts. This information was last updated on the 10th May 2017.

In 2016, they made a post-tax profit of £-126,000 on a turnover of £2,453,000 (down 98% from 2016) .

There is 1 major shareholder listed for MIDAS UNDERWRITING LTD with Rdg Midas Holdings (Nl) Limited owning the most shares by value.

Addresses

Registered address

St Benedict House
17 Springfield Lyons Approach
Chelmsford
Essex
CM2 5LB

Trading addresses

36 Jubilee Road
Newtownards
County Down
BT23 4YH
Ground Floor St Benedict House
17 Springfield Lyons Approach
Springfield
Chelmsford
Essex
CM2 5LB
36 Jubilee Road
Newtownards
County Down
BT23 4YH
2 more trading addresses not shown.

Financials

31st December 2016 30th April 2016 30th April 2015 30th April 2014 30th April 2013
Cash £2,182,000 £6,863,000 £1,438,373 £1,323,568 £649,569
Tangible net worth £1,697,000 £1,823,000 £1,278,569 £567,488 £226,783
Current liabilities £7,320,000 £8,231,000 £4,014,089 £3,878,385 £1,498,779
Current assets £8,033,000 £9,162,000 £6,145,031 £5,169,296 £2,872,303
31st December 2016 30th April 2016 30th April 2015 30th April 2014 30th April 2013
Solvency ratios
Current ratio 1.10 1.11 1.53 1.33 1.92
Efficiency ratios
Return on assets -0.01 -0.51 0.15 0.07 -
Return on capital employed -0.05 -3.13 0.43 0.29 -
Gearing ratios
Debt to equity ratio 89.27 100.38 842.08 15.25 8.80
Equity ratio 0.01 0.01 0.00 0.06 0.10
Debt ratio - - - 0.00 -
Other ratios
Debtor days - - - - -
Interest cover - -713.38 171.87 270.03 -

Please log in to view this information.

Please log in to view this information.

Details of 2 mortgages available.

Please log in to view this information.

Documents

loading icon