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Magma Properties Limited

03149959

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

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

Details

9 PRINCES STREET, NORWICH, NR3 1AZ
Incorporated 23/01/1996

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

41100
Development of building projects

Officers

Mr Richard James Povey

director · Since 23/01/1996

CHARTERED SURVEYOR

BRITISH · ENGLAND · Age 68

Also on 1 other board

Persons with Significant Control

Former PSCs

Mr Richard James Povey

Ceased 06/04/2016

Charges12 outstanding

Charge
outstanding

PARAGON BANK PLC

Created 07/02/2025Registered 07/02/2025
Charge
outstanding

PARAGON BANK PLC · PARAGON MORTGAGES (2010) LIMITED

Created 04/05/2018Registered 21/05/2018
Charge
outstanding

PARAGON BANK PLC · PARAGON MORTGAGE (2010) LIMITED

Created 04/05/2018Registered 21/05/2018
Charge
outstanding

PARAGON BANK PLC

Created 04/05/2018Registered 15/05/2018
Charge
outstanding

PARAGON BANK PLC

Created 04/05/2018Registered 15/05/2018
charge
outstanding

CAPITAL HOME LOANS LIMITED

Created 08/05/2008Registered 09/05/2008
charge
outstanding

CAPITAL HOME LOANS LIMITED

Created 08/05/2008Registered 09/05/2008
charge
outstanding

HSBC BANK PLC

Created 08/01/2008Registered 15/01/2008
charge
outstanding

HSBC BANK PLC

Created 04/09/2006Registered 06/09/2006
charge
satisfied

BARCLAYS BANK PLC

Created 28/10/2004Registered 05/11/2004Satisfied 18/04/2018
charge
outstanding

BARCLAYS BANK PLC

Created 19/07/2004Registered 20/07/2004
charge
satisfied

BARCLAYS BANK PLC

Created 09/07/2004Registered 14/07/2004Satisfied 04/09/2013
charge
outstanding

BARCLAYS BANK PLC

Created 16/04/2004Registered 01/05/2004
charge
outstanding

BARCLAYS BANK PLC

Created 26/02/2004Registered 03/03/2004
charge
satisfied

BARCLAYS BANK PLC

Created 26/01/2004Registered 04/02/2004Satisfied 18/04/2018
charge
satisfied

NATIONWIDE BUILDING SOCIETY

Created 02/12/1998Registered 12/12/1998Satisfied 01/05/2004
charge
satisfied

NATIONWIDE BUILDING SOCIETY

Created 02/12/1998Registered 12/12/1998Satisfied 16/02/2004
charge
satisfied

NATIONWIDE BUILDING SOCIETY

Created 09/10/1997Registered 24/10/1997Satisfied 16/02/2004
charge
satisfied

NATIONWIDE BUILDING SOCIETY

Created 09/10/1997Registered 21/10/1997Satisfied 01/05/2004

CompanyRankvs 2963+ SIC 41100 peers
71

Financial strength94th percentile among SIC peers · 24/25
Employees46th percentile among SIC peers · 7/15
LiquidityCurrent ratio 21.54× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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2963Magma Properties Limited
81
How is this score calculated?
Financial strength24/25 pts

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

Employees7/15 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 31/01/2025

Net Worth

£1.1M

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£1.2M

Working capital

Current Assets

£1.2M

Current Liabilities

£57k

Fixed Assets

£1.4M

1avg. employees

Balance Sheet

Assets less current liabilities£2.5M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
202521.54+£4k
202434.46-£52k
20239.69+£3k
202216.25+£364k
202151.43-£30k
202019.02-£20k
201928.74+£548k
20164.20—

Derived from filed accounts. Not audited figures.