MIDAS PLUMBING & HEATING LTD Financials
- Company number
- 06959221CopyCopy
- Registered office
- Richard Hall House Richard Hall Trading Estate, Bridgnorth Road, Wombourne, West Midlands WV5 0AF
- Incorporated
- 11/07/2009
Company snapshot
- Status
- Active
- Employees
- 15 (2024)
- Latest financial data
- 2024
- Accounts type
- Unaudited abridged
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
38.99%vs 20232023: £98.25K
Total Assets
11.42%vs 20232023: £395.23K
Cash in Bank
First reported yearTotal Liabilities
2.73%vs 20232023: £291.68K
Employees
+5vs 20232023: 10
In 2024, MIDAS PLUMBING & HEATING LTD reported net assets of £136.57K. The same filing shows total assets of £440.35K, cash in bank of £3.10K and total liabilities of £299.64K. Reported headcount was 15 in 2024. Total Assets rose from £395.23K in 2023 to £440.35K in 2024 (11.42%). Okredo holds filed figures for 2021–2024; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
38.99%from £98.25K in 2023Year-on-year change
Net Assets as filed for 2021–2024. Every figure in this chart is also in the financial history table.
3-year financial trend (2022–2024)
How the figures MIDAS PLUMBING & HEATING LTD filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
Increasedvs 2022Total Assets
+7248%vs 2022+757% a year compound (CAGR)
Total Liabilities
+675%vs 2022+178% a year compound (CAGR)
Employees
+50%vs 2022+5Biggest increase
Total Assets+7248%
£5.99K in 2022 to £440.35K in 2024
Every indicator Okredo holds for MIDAS PLUMBING & HEATING LTD rose between 2022 and 2024. The steepest rise came in total assets, pointing to a broader asset base, with net assets, total liabilities and employee numbers climbing alongside it. See the full year-by-year figures.
Ratios from the filed figures
Calculated from MIDAS PLUMBING & HEATING LTD's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- 31.01%2024
- Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
- Liabilities to total assets
- 68.05%2024
- Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
- Cash to liabilities
- 1.43%2021
- Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
- Cash to total assets
- 2.32%2021
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for MIDAS PLUMBING & HEATING LTD by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Net Assets£ | -82.50K | -17.30K | 98.25K | 136.57K |
| Total Assets£ | 133.64K | 5.99K | 395.23K | 440.35K |
| Cash in Bank£ | 3.10K | – | – | – |
| Total Liabilities£ | 216.14K | 38.69K | 291.68K | 299.64K |
| Employees | 9 | 10 | 10 | 15 |
MIDAS PLUMBING & HEATING LTD financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for MIDAS PLUMBING & HEATING LTD covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
MIDAS PLUMBING & HEATING LTD reported net assets of £136.57K for 2024. That compares with £98.25K in 2023, a change of 38.99%.
MIDAS PLUMBING & HEATING LTD reported total assets of £440.35K for 2024. That compares with £395.23K in 2023, a change of 11.42%.
MIDAS PLUMBING & HEATING LTD reported cash in bank of £3.10K for 2021. There is no earlier filing to compare it against.
MIDAS PLUMBING & HEATING LTD reported 15 employees in 2024, compared with 10 in 2023.
Between 2022 and 2024, MIDAS PLUMBING & HEATING LTD's total assets rose by 7248%, total liabilities rose by 675% and employee numbers rose by 50%. Total assets compounded at 757% a year across the two years to 2024, from £5.99K to £440.35K. Reported headcount went from 10 in 2022 to 15 in 2024 (+5).
Okredo holds reported figures for the years 2021, 2022, 2023, 2024. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.