Mg Engineering Ltd
02678610
Some Concerns
- Current liabilities exceed current assets (-10)
- 2 outstanding charges (-4)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 26/03/2001
ENGINEER
BRITISH · UNITED KINGDOM · Age 51
Also on 3 other boards
Persons with Significant Control
Mr Adam Greaves
British · Wales · Age 51
Unit 14, Manor Industrial Estate, Flint, CH6 5UY
Notified 17/01/2017
Charges2 outstanding
BARCLAYS BANK PLC
BARCLAYS BANK PLC
CompanyRankvs 116+ SIC 43999 peers80
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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 30/04/2025
Net Worth
£2.7M
Balance sheet strength
Cash
£2.2M
Cash in the bank
Net Current Assets
£2.4M
Working capital
Current Assets
£2.6M
Current Liabilities
£276k
Fixed Assets
£366k
Debtors
£388k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 9.58 | +£207k |
| 2024 | 9.12 | +£938 |
| 2023 | 9.84 | +£109k |
| 2022 | 5.80 | +£441k |
| 2021 | 3.72 | +£482k |
| 2020 | 3.28 | -£697k |
| 2019 | 5.64 | +£560k |
| 2018 | 3.53 | — |
Derived from filed accounts. Not audited figures.