Magic Bag Ltd
04534015
Healthy
No risk factors detected.
Details
Compliance
Last accounts
31/10/2024
micro entity
Next accounts due
31/07/2026
Confirmation statement
Last: 12/10/2025
Due 26/10/2026
Industry
Officers
director · Since 12/09/2002
MARKETING
BRITISH · UNITED KINGDOM · Age 54
Also on 2 other boards
Persons with Significant Control
Mr Michael John Edward Chetcuti
British · England · Age 54
65, Romilly Road, London, N4 2QY
Notified 10/10/2016
CompanyRankvs 8647+ SIC 70229 peers83
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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 31/10/2025
Net Worth
£191k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
£188k
Working capital
Current Assets
£525k
Current Liabilities
£337k
Fixed Assets
£3k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 1.56 | -£2k |
| 2024 | 2.75 | -£132k |
| 2023 | 2.56 | — |
Derived from filed accounts. Not audited figures.