M G Electric (Colchester) Limited
00880470
Healthy
- Current liabilities exceed current assets (-10)
Details
Compliance
Last accounts
31/05/2025
total exemption full
Next accounts due
28/02/2027
Confirmation statement
Last: 30/07/2025
Due 13/08/2026
Industry
Officers
director · Since 06/02/1995
MECHANICAL ENGINEER
BRITISH · ENGLAND · Age 59
Also on 1 other board
director · Since 01/03/2005
MECHANICAL ENGINEER
BRITISH · ENGLAND · Age 57
Also on 3 other boards
Persons with Significant Control
Gonk Enterprises Ltd
36a, Grafton Square, London, SW4 0DB
Reg: 12851621 · Companies House · Limited Company
Notified 29/04/2021
Former PSCs
Mr Michael John Martin
Ceased 03/04/2021
CompanyRankvs 91+ SIC 28131 peers73
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/05/2025
Net Worth
£1.5M
Balance sheet strength
Cash
£141k
Cash in the bank
Net Current Assets
£754k
Working capital
Current Assets
£1.4M
Current Liabilities
£621k
Fixed Assets
£791k
Debtors
£503k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 2.21 | -£284k |
| 2024 | 2.98 | +£91k |
| 2023 | 3.12 | +£182k |
| 2021 | 5.34 | — |
Derived from filed accounts. Not audited figures.