Back to search

Magnaforce Ltd

03116017

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)

Details

UNIT 3 JUBILEE COURT, FFORESTFACH, SA5 4HB
Incorporated 19/10/1995

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

32990
Other manufacturing

Officers

Mr Edward Howard Richards

secretary · Since 23/05/1996

DIRECTOR

UNITED KINGDOM · WALES · Age 86

Also on 11 other boards

Mr Paul Edward Richards

director · Since 23/05/1996

DIRECTOR

BRITISH · WALES · Age 63

Also on 11 other boards

Persons with Significant Control

Mr Edward Howard Richards

50–75% shares

United Kingdom · Wales · Age 86

Unit 3 Jubilee Court, Fforestfach, SA5 4HB

Notified 30/06/2016

Mr Paul Edward Richards

25–50% shares

British · Wales · Age 63

Unit 3 Jubilee Court, Jubilee Court, Swansea, SA5 4HB

Notified 16/01/2024

CompanyRankvs 4333+ SIC 32990 peers
68

Financial strength70th percentile among SIC peers · 18/25
Employees0th percentile among SIC peers · 0/15
LiquidityCurrent ratio 7.38× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Show leaderboard
1Barnagore Jute Factory Plc(The)
90
2C W Fletcher & Sons Limited
90
3Jepson & Co Limited
90
4Wallgate Limited
90
5F.Ball And Co. Limited
90
6Rotalink Limited
90
7Vale Mill (Rochdale) Limited
90
8H. Jarvis Ltd
90
9Tricogen Laboratories Limited
90
10Silent Gliss Limited
90
4333Magnaforce Ltd
68
How is this score calculated?
Financial strength18/25 pts

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

Employees0/15 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.

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/10/2024

Net Worth

£100k

Balance sheet strength

Cash

£40

Cash in the bank

Net Current Assets

£43k

Working capital

Current Assets

£50k

Current Liabilities

£7k

Fixed Assets

£58k

Debtors

£49k

Tax at Year End

Corp tax£449

Balance Sheet

Assets less current liabilities£100k
Signed by Mr P E Richards 24/06/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20247.38+£2k
20237.10+£2k
20226.89+£1k
20216.73—

Derived from filed accounts. Not audited figures.