Mag Group Limited
04577893
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Last accounts
30/11/2024
group
Next accounts due
31/08/2026
Confirmation statement
Last: 15/09/2025
Due 29/09/2026
Industry
Officers
director · Since 30/10/2002
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 78
Also on 7 other boards
director · Since 16/08/2011
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 56
Also on 4 other boards
director · Since 16/08/2011
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 42
Also on 2 other boards
secretary · Since 01/01/2013
director · Since 23/11/2020
DIRECTOR
BRITISH · ENGLAND · Age 40
Also on 1 other board
Persons with Significant Control
Mr Graeme Clive Stuart Gates
British · England · Age 78
Mag Group Building, Vulcan Road South, Norwich, NR6 6AF
Notified 30/09/2016
Charges1 outstanding
NATIONAL WESTMINSTER BANK PLC
CompanyRankvs 10650+ SIC 70100 peers65
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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
any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent 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 going co
Key FinancialsYear ending 30/11/2024
Net Worth
£6.9M
Balance sheet strength
Cash
£11.7M
Cash in the bank
Net Current Assets
£5.0M
Working capital
Current Assets
£11.9M
Current Liabilities
£6.9M
Fixed Assets
£2.0M
Debtors
£97k
Profit After Tax
£2.3M
Tax at Year End
People Costs(2020)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 1.72 | +£2.2M |
| 2022 | 2.36 | +£630k |
| 2021 | 3.19 | +£1.4M |
| 2020 | 3.91 | +£396k |
| 2019 | 1.38 | +£734k |
| 2018 | 0.76 | — |
Derived from filed accounts. Not audited figures.