Company Overview
Milano Italia Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Monday 10 July 2017, so this is a well established company. Milano Italia Limited has been in business for 8 years and 8 months. The accounts status is micro entity and the accounts are next due on Tuesday 13 June 2023.
Registered Address

Unit 1 Lower Hollin Bank Street, Blackburn, BB2 4AD
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Companies House Data
Company NameMILANO ITALIA LIMITED
Company Number10859084
Registered Office AddressUnit 1 Lower Hollin Bank Street
 BB2 4AD
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date10/07/2017
Accounting Reference Date Day29
Accounting Reference Date Month3
Accounts Next Due Date13/06/2023
Accounts Last Made Up Date30/09/2020
Accounts Account CategoryMICRO ENTITY
Returns Next Due Date07/08/2018
Previous Company NameChanged Date
DIVANO ITALIA LIMITED08 Aug 2017
Directors & Members
Show Resigned
Danyal Patel - Director
(British, 39 years old, born June 1987)
Appointed 03 August 2021
 Active
Secretaries
No Secretaries Appointed
Other Company Directorships
Danyal Patel
No companies found
Balance Sheet Unlock full report
Accounts Date 30-Sep-2020 30-Sep-2019 30-Sep-2018
Balance Sheet
Fixed Assets 1,000 -1,500 -6,502
Current Assets 104,234 224,162 111,821
Creditors Due Within One Year 35,911 157,234 87,787
Working Cap 68,323 66,928 24,034
Total Assets Less Current Liabilities 69,323 65,428 17,532
Long-term Liabilities 36,196 1,650 750
Net Assets 33,127 67,078 18,282
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 33,127 67,078 18,282
Common Size Financial Analysis Unlock full report
Accounts Date 30-Sep-2020 30-Sep-2019 30-Sep-2018
Tangible Fixed Assets - - -
Fixed Assets 1.0% -0.7% -6.2%
Stocks Inventory - - -
Debtors - - -
Cash Bank In Hand - - -
Current Assets 99.0% 100.7% 106.2%
Creditors Due Within One Year 34.1% 70.6% 83.4%
Net Current Assets Liabilities 64.9% 30.1% 22.8%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 31.5% 30.1% 17.4%
Capital Employed - - -
Total Assets Less Current Liabilities 65.9% 29.4% 16.6%
Financial Ratio Analysis Unlock full report
Accounts Date 30-Sep-2020 30-Sep-2019 30-Sep-2018
Liquidity Ratio 2.9 1.4 1.3
Solvency Ratio 1.5 1.4 1.2
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 0
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 30-Sep-2020 30-Sep-2019 30-Sep-2018
Assets 105,234 222,662 105,319
Debt 72,107 155,584 87,037
Net Assets/Debt 33,127 67,078 18,282
The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet. 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 company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet. 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 company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet presents modest net assets. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet. 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
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Document Filings
Compulsory strike-off action has been suspended
First Gazette notice for compulsory strike-off
Previous accounting period shortened from 30 March 2022 to 29 March 2022
Confirmation statement made on 10 August 2022 with no updates
Previous accounting period extended from 30 September 2021 to 30 March 2022
Confirmation statement made on 10 August 2021 with updates
Termination of appointment of Anwar Valli Patel as a director on 3 August 2021
Cessation of Anwar Valli Patel as a person with significant control on 3 August 2021
Notification of Danyal Ilfan Patel as a person with significant control on 3 August 2021
Appointment of Mr Danyal Ilfan Patel as a director on 3 August 2021
Confirmation statement made on 9 July 2021 with no updates
Confirmation statement made on 9 July 2020 with no updates
Confirmation statement made on 9 July 2019 with no updates
Current accounting period shortened from 31 July 2018 to 30 September 2017
Confirmation statement made on 9 July 2018 with no updates
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