Magic Software Enterprises (Uk) Limited
02516753
Healthy
- Current liabilities exceed current assets (-10)
Details
Compliance
Last accounts
31/12/2024
small
Next accounts due
30/09/2026
Confirmation statement
Last: 29/06/2025
Due 13/07/2026
Industry
Officers
secretary · Since 21/03/2022
Persons with Significant Control
Magic Software Enterprises Ltd
5, Haplada St, Or Yehuda, 6021805
Notified 06/04/2016
Charges0 outstanding
HSBC TRUST COMPANY (UK) LIMITED
CompanyRankvs 11681+ SIC 62090 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 31/12/2024
Net Worth
£2.8M
Balance sheet strength
Cash
£450k
Cash in the bank
Net Current Assets
£403k
Working capital
Current Assets
£1.0M
Current Liabilities
£637k
Fixed Assets
£9k
Debtors
£590k
Profit After Tax
£26k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 1.63 | +£0 |
| 2023 | 1.64 | +£0 |
| 2022 | 1.69 | +£0 |
| 2021 | 1.51 | +£0 |
| 2020 | 0.72 | +£0 |
| 2019 | 0.79 | +£0 |
| 2018 | 0.87 | — |
Derived from filed accounts. Not audited figures.