M G Cannon Limited
04338673
Healthy
- No accounts filed in last 18 months (-5)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 31/07/2024
DIRECTOR
BRITISH · ENGLAND · Age 51
Also on 13 other boards
director · Since 31/07/2024
DIRECTOR
BRITISH · UNITED KINGDOM · Age 61
Also on 91 other boards
Persons with Significant Control
Mgc Investment Holdings Limited
105, High Street, Worcester, WR1 2HW
Reg: 14670716 · Companies House · Limited By Shares
Notified 09/03/2023
Former PSCs
Mr Robert James Snook
Ceased 15/11/2022
Mr Vince Scudder
Ceased 09/03/2023
Mr David Wheller
Ceased 09/03/2023
Mr Trevor Martin Young
Ceased 09/03/2023
Mr Shaign Thomas Hancock
Ceased 09/03/2023
Charges1 outstanding
ARES MANAGEMENT LIMITED AS SECURITY AGENT
BARCLAYS BANK PLC
RBS INVOICE FINANCE LIMITED
NATIONAL WESTMINSTER BANK PLC
CompanyRankvs 367+ SIC 33190 peers66
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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
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to
Key FinancialsYear ending 31/12/2023
Net Worth
£2.2M
Balance sheet strength
Cash
£2.2M
Cash in the bank
Profit Before Tax
£1.8M
Bottom line earnings
Net Current Assets
£2.1M
Working capital
Current Assets
£5.1M
Current Liabilities
£2.9M
Fixed Assets
£256k
Debtors
£2.7M
Cost of Sales
£9.7M
Admin Expenses
£4.8M
Profit After Tax
£1.4M
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2023 | 1.73 | +£1.2M |
| 2022 | 1.44 | -£49k |
| 2021 | 1.64 | -£104k |
| 2020 | 1.56 | +£123k |
| 2019 | 1.21 | +£282k |
| 2018 | 1.26 | — |
Derived from filed accounts. Not audited figures.