Magrec Limited
01175269
Some Concerns
- Negative net worth (-10)
- 1 outstanding charge (-2)
Details
Compliance
Last accounts
30/06/2025
micro entity
Next accounts due
31/03/2027
Confirmation statement
Last: 28/12/2025
Due 11/01/2027
Industry
Officers
secretary · Since 28/12/1991
BRITISH · UNITED KINGDOM · Age 67
Also on 3 other boards
director · Since 28/12/1991
SECRETARY
BRITISH · UNITED KINGDOM · Age 67
Also on 3 other boards
Persons with Significant Control
Mr Barry Menhenett
British · England · Age 75
82 Farm Road, Farm Road, Morden, SM4 6RB
Notified 06/04/2016
Charges1 outstanding
BARCLAYS BANK PLC
CompanyRankvs 1433+ SIC 27900 peers33
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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.
Risk deductions
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 30/06/2025
Net Worth
-£123k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
-£124k
Working capital
Current Assets
£19k
Current Liabilities
£143k
Fixed Assets
£1k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.13 | +£7k |
| 2024 | 0.06 | -£9k |
| 2023 | 0.14 | — |
| 2020 | 0.18 | — |
| 2019 | 0.21 | — |
| 2018 | 0.24 | — |
Derived from filed accounts. Not audited figures.