M.G. Systems Limited
04286824
Healthy
- No accounts filed in last 18 months (-5)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
secretary · Since 13/09/2001
ELECTRICIAN
BRITISH · ENGLAND · Age 68
Also on 3 other boards
director · Since 13/09/2001
ELECTRICIAN
BRITISH · ENGLAND · Age 68
Also on 3 other boards
Persons with Significant Control
Mr Glenn Edward Grove
British · England · Age 68
8 Holgate Court, Holgate Court, Western Road, Romford, RM1 3JS
Notified 27/08/2016
CompanyRankvs 6788+ SIC 43210 peers71
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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.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 30/09/2024
Net Worth
£13k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
£9k
Working capital
Current Assets
£44k
Current Liabilities
£35k
Fixed Assets
£33k
Tax at Year End(2023)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit | Est. Revenue |
|---|---|---|---|
| 2024 | 1.27 | -£46k | — |
| 2023 | 1.83 | -£29k | £261k |
| 2022 | 2.30 | -£31k | £100k |
| 2021 | 2.87 | — | £92k |
Derived from filed accounts. Not audited figures.