Magnitude Software Uk Limited
03426103
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/12/2024
full
Next accounts due
30/09/2026
Confirmation statement
Last: 31/03/2026
Due 14/04/2027
Industry
Officers
director · Since 23/01/2023
DIRECTOR
BRITISH · ENGLAND · Age 52
Also on 15 other boards
director · Since 08/11/2024
DIRECTOR
AMERICAN · UNITED STATES · Age 58
Also on 10 other boards
Persons with Significant Control
Former PSCs
Geoffrey S Rehnert
Ceased 02/05/2019
Marc B Wolpow
Ceased 02/05/2019
Mr Christopher Ney
Ceased 02/05/2019
CompanyRankvs 3770+ SIC 62012 peers68
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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
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, management is responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intend to liquidate the Company or to cease operatio
Key FinancialsYear ending 31/12/2024
Turnover
£1.4M
Annual revenue
Net Worth
£10.4M
Balance sheet strength
Cash
£228k
Cash in the bank
Profit Before Tax
£962k
Bottom line earnings
Net Current Assets
£10.4M
Working capital
Current Assets
£11.1M
Current Liabilities
£667k
Debtors
£10.9M
Cost of Sales
£574k
Gross Profit
£840k
Admin Expenses
£102k
Operating Profit
£738k
Profit After Tax
£1.2M
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2024 | 16.62 |
Derived from filed accounts. Not audited figures.