Magictorch Ltd
04566011
Healthy
- Negative net worth (-10)
Details
Compliance
Last accounts
31/12/2024
total exemption full
Next accounts due
30/09/2026
Confirmation statement
Last: 17/10/2025
Due 31/10/2026
Industry
Officers
Persons with Significant Control
Michael Christopher Chipperfield
British · England · Age 52
Curtis House, Third Avenue, Hove, BN3 2PD
Notified 06/04/2016
Sam Williams
British · England · Age 51
Curtis House, Third Avenue, Hove, BN3 2PD
Notified 06/04/2016
CompanyRankvs 13524+ SIC 90030 peers52
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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 31/12/2024
Net Worth
-£866
Balance sheet strength
Cash
£4k
Cash in the bank
Net Current Assets
-£5k
Working capital
Current Assets
£7k
Current Liabilities
£11k
Fixed Assets
£10k
Debtors
£3k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.59 | — |
| 2023 | 0.60 | — |
| 2022 | 1.05 | +£2k |
| 2021 | 0.94 | +£6k |
| 2020 | 0.92 | -£1k |
| 2019 | 0.97 | — |
| 2018 | 0.83 | — |
Derived from filed accounts. Not audited figures.