Magnus Group Limited
02977055
Details
Compliance
Last accounts
30/09/2022
full
Next accounts due
30/06/2024
Confirmation statement
Last: 01/08/2023
Due 15/08/2024
Industry
Officers
director · Since 17/01/2020
CEO
BRITISH · ENGLAND · Age 53
Also on 3 other boards
Persons with Significant Control
Mr Oliver Peter Cole Magnus
British · England · Age 53
C/O Larking Gowen Llp, 1st Floor, Prospect House, Rouen Road, Norwich, NR1 1RE
Notified 17/01/2020
Former PSCs
Mr Michael James Pattinson
Ceased 05/07/2019
Mrs Elizabeth Felicitas Magnus
Ceased 15/08/2023
Mr Kevin Parker
Ceased 17/01/2020
Charges2 outstanding
Nucleus Cash Flow FINANCE2 Limited
Ultimate Finance Limited
All present and future freehold and leasehold land, all present and future intellectual property and all present and future aircraft as defined in, and pursuant to, clause 5.2 of the accompanying copy instrument.
The Governor and Company of the Bank of Scotland
Fixed and floating charges over the undertaking and all property and assets present and future including goodwill bookdebts uncalled capital buildings fixtures fixed plant and machinery. See the mortgage charge document for full details.
All monies due or to become due from the company to the chargee on any account whatsoever
Insolvency History1 case
Lee Anthony Green (practitioner) · Andrew Anderson Kelsall (practitioner)
CompanyRankvs 15+ SIC 49410 peers6
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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
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Insolvency history: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Material uncertainty relating to going concern We draw attention to note 1 in the financial statements, which indicates that the company is dependent upon the continued use of its current finance facility and anticipated financial performance
Key FinancialsYear ending 30/09/2022
Turnover
£26.1M
Annual revenue
Net Worth
-£92k
Balance sheet strength
Cash
£140k
Cash in the bank
Profit Before Tax
£295k
Bottom line earnings
Net Current Assets
-£856k
Working capital
Current Assets
£4.1M
Current Liabilities
£5.0M
Fixed Assets
£2.1M
Debtors
£3.9M
Cost of Sales
£24.5M
Gross Profit
£1.6M
Admin Expenses
£1.2M
Operating Profit
£340k
Profit After Tax
£295k
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2022 | 0.83 | -£94k |
| 2021 | — | +£774k |
| 2021 | 0.92 | — |
Derived from filed accounts. Not audited figures.