Mgn Contracts Limited
04354103
Some Concerns
- Current liabilities exceed current assets (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 24/07/2002
DIRECTOR
BRITISH · UNITED KINGDOM · Age 65
Also on 1 other board
secretary · Since 24/07/2002
DIRECTOR
BRITISH · UNITED KINGDOM · Age 61
Also on 1 other board
director · Since 06/04/2025
DIRECTOR
BRITISH · ENGLAND · Age 35
Also on 1 other board
director · Since 06/04/2025
DIRECTOR
BRITISH · ENGLAND · Age 32
Also on 2 other boards
director · Since 06/04/2025
DIRECTOR
BRITISH · ENGLAND · Age 27
Also on 1 other board
Persons with Significant Control
Mr Bruce Monaghan
British · United Kingdom · Age 61
The Old Fire Station, Shankhouse, Cramlington, NE23 3JN
Notified 06/04/2016
Former PSCs
Mr Paul Monaghan
Ceased 06/04/2025
Mr Bruce Monaghan
Ceased 16/04/2016
Mr Owen Monaghan
Ceased 06/04/2025
Charges1 outstanding
HSBC BANK PLC
CompanyRankvs 609+ SIC 77320 peers62
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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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/03/2025
Net Worth
£630k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
£339k
Working capital
Current Assets
£379k
Current Liabilities
£40k
Fixed Assets
£291k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 9.39 | +£123k |
| 2024 | 8.55 | +£153k |
| 2023 | — | -£136k |
| 2022 | Infinity | -£141k |
| 2021 | 6.18 | +£143k |
| 2020 | 5.31 | +£127k |
| 2019 | 3.70 | — |
Derived from filed accounts. Not audited figures.