Company Overview
Microlights Limited is listed at the official companies registry as in Liquidation Private Limited Company. The company was incorporated on Thursday 23 February 1984, so this is a well established company. Microlights Limited has been in business for 42 years and 1 month. The accounts status is full and the accounts are next due on Thursday 31 December 2020.
Registered Address

Montague Place Quayside, Chatham Maritime, Chatham, Kent, ME4 4QU
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Companies House Data
Company NameMICROLIGHTS LIMITED
Company Number01794445
Registered Office AddressMontague Place Quayside
 Chatham Maritime
 ME4 4QU
Company CategoryPrivate Limited Company
Company StatusLiquidation
Country of OriginUnited Kingdom
Incorporation Date23/02/1984
Accounting Reference Date Day31
Accounting Reference Date Month12
Accounts Next Due Date31/12/2020
Accounts Last Made Up Date31/12/2018
Accounts Account CategoryFULL
Returns Next Due Date14/12/2016
Returns Last Made Up Date16/11/2015
Directors & Members
Show Resigned
Secretaries
Show Resigned
Balance Sheet Unlock full report
Accounts Date 31-Dec-2018 31-Dec-2013 31-Dec-2012
Balance Sheet
Fixed Assets 1,037,379 1,037,379 1,180,271
Current Assets 8,946,515 8,946,515 7,691,961
Creditors Due Within One Year 9,211,536 9,211,536 8,131,073
Working Cap -265,021 -265,021 -439,112
Total Assets Less Current Liabilities 772,358 772,358 741,159
Long-term Liabilities 0 0 0
Net Assets 772,358 772,358 741,159
Share Capital & Reserves
Share Cap 6,000 6,000 6,000
Profit & Loss Reserves 673,958 673,958 642,759
Other Reserves 92,400 92,400 92,400
Shareholders Funds 772,358 772,358 741,159
Common Size Financial Analysis Unlock full report
Accounts Date 31-Dec-2018 31-Dec-2013 31-Dec-2012
Tangible Fixed Assets - - -
Fixed Assets 10.4% 10.4% 13.3%
Stocks Inventory 16.9% 16.9% 19.6%
Debtors 20.5% 20.5% 23.6%
Cash Bank In Hand 34.2% 34.2% 21.4%
Current Assets 89.6% 89.6% 86.7%
Creditors Due Within One Year 92.3% 92.3% 91.6%
Net Current Assets Liabilities -2.7% -2.7% -4.9%
Creditors Due After One Year 0.0% 0.0% 0.0%
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability 7.7% 7.7% 8.4%
Called Up Share Capital 0.1% 0.1% 0.1%
Share Capital Allotted Called Up Paid 0.1% 0.1% 0.1%
Profit Loss Account Reserve 6.8% 6.8% 7.2%
Shareholder Funds 7.7% 7.7% 8.4%
Capital Employed - - -
Total Assets Less Current Liabilities 7.7% 7.7% 8.4%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Dec-2018 31-Dec-2013 31-Dec-2012
Liquidity Ratio 1.0 1.0 0.9
Solvency Ratio 1.1 1.1 1.1
Reserves to Assets 0.1 0.1 0.1
Secured Creditors Unlock full report
Mortgages Charges 10
Mortgages Outstanding 2
Mortgages Part Satisfied 0
Mortgages Satisfied 8
Assets and Debt Analysis Unlock full report
Accounts Date 31-Dec-2018 31-Dec-2013 31-Dec-2012
Assets 9,983,894 9,983,894 8,872,232
Debt 9,211,536 9,211,536 8,131,073
Net Assets/Debt 772,358 772,358 741,159

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

As at the balance sheet date current liquid assets were slightly less than short term debt. We would normally view a company broadly neutrally for this. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. For the size of the company as inferred by the balance sheet the amount of net assets represents a moderate margin of cover over total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.As at the balance sheet date current liquid assets were slightly less than short term debt. We would normally view a company broadly neutrally for this. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. For the size of the company as inferred by the balance sheet the amount of net assets represents a moderate margin of cover over total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.As at the balance sheet date current liquid assets were slightly less than short term debt. We would normally view a company broadly neutrally for this. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. For the size of the company as inferred by the balance sheet the amount of net assets represents a moderate margin of cover over total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date. Information provided by Companies House shows Liquidation.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
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Document Filings
Registered office address changed from Montague Place Quayside Chatham Maritime Chatham Kent ME4 4QU to Quayside House Chatham Maritime Chatham Kent ME4 4QZ on 25 April 2025
Liquidators' statement of receipts and payments to 1 February 2025
Liquidators' statement of receipts and payments to 1 February 2024
Liquidators' statement of receipts and payments to 1 February 2023
Liquidators' statement of receipts and payments to 1 February 2022
Appointment of a voluntary liquidator
Notice of move from Administration case to Creditors Voluntary Liquidation
Termination of appointment of Kevin Bell as a director on 15 October 2020
Termination of appointment of Aurora Company Secretarial Services Limited as a secretary on 15 October 2020
Termination of appointment of Paul Eric Johnson as a director on 15 October 2020
Administrator's progress report
Statement of affairs with form AM02SOA
Statement of administrator's proposal
Result of meeting of creditors
Registered office address changed from 6 Little Burrow Welwyn Garden City AL7 4SW England to Montague Place Quayside Chatham Maritime Chatham Kent ME4 4QU on 13 February 2020
Appointment of an administrator
Satisfaction of charge 017944450007 in full
Confirmation statement made on 16 November 2019 with no updates
Termination of appointment of Mark Comiskey as a director on 23 December 2018
Registration of charge 017944450009, created on 20 December 2018
Registration of charge 017944450010, created on 20 December 2018
Satisfaction of charge 017944450006 in full
Satisfaction of charge 017944450008 in full
Confirmation statement made on 16 November 2018 with no updates
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