Back to search

Mg Engineering Ltd

02678610

active
Private Limited Company
england wales
Companies House
Health Score
76 / 100

Some Concerns

30/30
Filing
10/30
Financial
36/40
Risk
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

UNIT 14, FLINT, CH6 5UY
Incorporated 17/01/1992

Compliance

Last accounts

30/04/2025

unaudited abridged

Next accounts due

31/01/2027

On track

Confirmation statement

Last: 17/01/2026

Due 31/01/2027

On track

Industry

43999
Specialised construction activities

Officers

Mr Adam Sebastian Greaves

director · Since 26/03/2001

ENGINEER

BRITISH · UNITED KINGDOM · Age 51

Also on 3 other boards

Mr Adam Sebastian Greaves

secretary · Since 14/12/2010

Also on 3 other boards

Persons with Significant Control

Mr Adam Greaves

75–100% shares

British · Wales · Age 51

Unit 14, Manor Industrial Estate, Flint, CH6 5UY

Notified 17/01/2017

Charges2 outstanding

charge
outstanding

BARCLAYS BANK PLC

Created 12/06/2012Registered 14/06/2012
charge
outstanding

BARCLAYS BANK PLC

Created 23/12/1993Registered 07/01/1994

CompanyRankvs 109+ SIC 43999 peers
80

Financial strength99th percentile among SIC peers · 25/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 6.4× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
Show leaderboard
1Foster Contracting Limited
90
2Wetherells Contracts Limited
90
3P.C.Richardson & Co.(Middlesbrough),Limited
90
4R.C. Cutting & Co. Limited
90
5Hugh Pearl (Land Drainage) Limited
90
6H.H.Adkins(Contractors)Limited
90
7Allen Fabrications Limited
90
8Sibbons (Alresford) Limited
90
9George Killoughery Limited
90
10Claude Fenton (Plant Hire) Limited
90
109Mg Engineering Ltd
90
How is this score calculated?
Financial strength25/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

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 30/04/2026

Net Worth

£3.3M

Balance sheet strength

Cash

£2.8M

Cash in the bank

Net Current Assets

£3.0M

Working capital

Current Assets

£3.5M

Current Liabilities

£548k

Fixed Assets

£407k

Debtors

£697k

24avg. employees-11

Balance Sheet

Assets less current liabilities£3.4M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20266.40+£619k
20259.58+£207k
20249.12+£938
20239.84—

Derived from filed accounts. Not audited figures.