Company Overview
Midland Expressway Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Thursday 27 October 1988, so this is a well established company. Midland Expressway Limited has been in business for 36 years. The accounts status is full and the accounts are next due on Monday 30 September 2024.
Registered Address

Operations Centre, Express Way, Weeford Lichfield, Staffordshire, WS14 0PQ
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Companies House Data
Company NameMIDLAND EXPRESSWAY LIMITED
Company Number02309767
Registered Office AddressOperations Centre
 Express Way
 WS14 0PQ
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date27/10/1988
Accounting Reference Date Day31
Accounting Reference Date Month12
Accounts Next Due Date30/09/2024
Accounts Last Made Up Date31/12/2022
Accounts Account CategoryFULL
Returns Next Due Date24/11/2016
Returns Last Made Up Date27/10/2015
Directors & Members
Show Resigned
Lee Belfield - Director
(British, 36 years old, born March 1988)
Company Director - Appointed 20 January 2023
 Active
Kenneth Daley - Director
(Australian, 74 years old, born January 1950)
Director - Appointed 06 November 2017
 Active
Joaquin Gago De Pedro - Director
(Spanish, 44 years old, born December 1980)
Company Director - Appointed 12 January 2022
 Active
Secretaries
Show Resigned
Claire Duffy - Secretary
Appointed 10 October 2023
 Active
Other Company Directorships
Lee Belfield
GLIL CORPORATE HOLDINGS 4 LIMITED
GLIL CORPORATE HOLDINGS 5 LIMITED
GRANADA BIDCO LIMITED
GRANADA MIDCO LIMITED
HOLD THE DOOR LTD
MIDLAND MOTORWAYS GROUP LIMITED
PEREGRINE MOTORWAYS LIMITED
SMA BIDCO LIMITED
SMA MIDCO LIMITED
SMA TOPCO LIMITED
SMART METER ASSETS 1 LTD
STARLING INVESTMENTS LIMITED UK BRANCH
VMED O2 NETWORKS LIMITED
Kenneth Daley
MIDLAND MOTORWAYS GROUP LIMITED
PEREGRINE MOTORWAYS LIMITED
Joaquin Gago De Pedro
PEREGRINE MOTORWAYS LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Dec-2022 31-Dec-2015 31-Dec-2014
Balance Sheet
Fixed Assets 596,437,000 596,437,000 610,926,000
Current Assets 3,921,000 3,921,000 4,989,000
Creditors Due Within One Year 652,449,000 652,449,000 650,255,000
Working Cap -648,528,000 -648,528,000 -645,266,000
Total Assets Less Current Liabilities -52,091,000 -52,091,000 -34,340,000
Long-term Liabilities 167,923,000 167,923,000 167,314,000
Net Assets -220,014,000 -220,014,000 -201,654,000
Share Capital & Reserves
Share Cap 2,940,000 2,940,000 2,940,000
Profit & Loss Reserves -367,014,000 -367,014,000 -348,654,000
Other Reserves 144,060,000 144,060,000 144,060,000
Shareholders Funds -220,014,000 -220,014,000 -201,654,000
Common Size Financial Analysis Unlock full report
Accounts Date 31-Dec-2022 31-Dec-2015 31-Dec-2014
Tangible Fixed Assets - - -
Fixed Assets 99.3% 99.3% 99.2%
Stocks Inventory 0.0% 0.0% 0.0%
Debtors 0.1% 0.1% 0.1%
Cash Bank In Hand 0.5% 0.5% 0.6%
Current Assets 0.7% 0.7% 0.8%
Creditors Due Within One Year 108.7% 108.7% 105.6%
Net Current Assets Liabilities -108.0% -108.0% -104.8%
Creditors Due After One Year 28.0% 28.0% 27.2%
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability -36.6% -36.6% -32.7%
Called Up Share Capital 0.5% 0.5% 0.5%
Share Capital Allotted Called Up Paid 0.5% 0.5% 0.5%
Profit Loss Account Reserve -61.1% -61.1% -56.6%
Shareholder Funds -36.6% -36.6% -32.7%
Capital Employed - - -
Total Assets Less Current Liabilities -8.7% -8.7% -5.6%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Dec-2022 31-Dec-2015 31-Dec-2014
Liquidity Ratio 0.0 0.0 0.0
Solvency Ratio 0.7 0.7 0.8
Reserves to Assets -0.6 -0.6 -0.6
Secured Creditors Unlock full report
Mortgages Charges 4
Mortgages Outstanding 2
Mortgages Part Satisfied 0
Mortgages Satisfied 2
Assets and Debt Analysis Unlock full report
Accounts Date 31-Dec-2022 31-Dec-2015 31-Dec-2014
Assets 600,358,000 600,358,000 615,915,000
Debt 820,372,000 820,372,000 817,569,000
Net Assets/Debt -220,014,000 -220,014,000 -201,654,000

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.

Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative. 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.

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.Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative. 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.   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.Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative. 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.

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
Other Business around WS14 0PQ
MIDLAND MOTORWAYS GROUP LIMITED
OPERATIONS CENTRE EXPRESS WAY, WEEFORD, LICHFIELD, STAFFORDSHIRE, WS14 0PQ
PEREGRINE MOTORWAYS LIMITED
OPERATIONS CENTRE EXPRESS WAY, WEEFORD, LICHFIELD, WS14 0PQ
Document Filings
Appointment of Mrs Claire Duffy as a secretary on 10 October 2023
Confirmation statement made on 27 October 2023 with no updates
Termination of appointment of James Allen as a secretary on 20 April 2023
Memorandum and Articles of Association
Resolutions
Appointment of Mr Lee Anthony Belfield as a director on 20 January 2023
Termination of appointment of Michael Whelan as a director on 20 January 2023
Confirmation statement made on 27 October 2022 with no updates
Appointment of Mr Michael Whelan as a director on 2 August 2022
Termination of appointment of Mandeep Singh Mundae as a director on 20 July 2022
Change of details for Midland Motorways Group Limited as a person with significant control on 25 July 2022
Termination of appointment of Deepu Prasad Chintamaneni as a director on 1 February 2022
Appointment of Mr Joaquin Gago De Pedro as a director on 12 January 2022
Termination of appointment of Andrew James Cliffe as a director on 31 December 2021
Termination of appointment of Manoj Mehta as a director on 14 December 2021
Confirmation statement made on 27 October 2021 with no updates
Appointment of Mr Mandeep Singh Mundae as a director on 1 October 2021
Director's details changed for Mr Graham James Parcell on 3 July 2021
Director's details changed for Mrs Bridget Clare Rosewell on 18 January 2021
Confirmation statement made on 27 October 2020 with no updates
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