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Mg Industries Limited

04934196

active
Private Limited Company
england wales
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
10/30
Financial
30/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 6 outstanding charges (-10)

Details

UNIT B9 GROVE PARK, BARNSLEY, S72 7BF
Incorporated 16/10/2003

Compliance

Last accounts

30/11/2025

unaudited abridged

Next accounts due

31/08/2027

On track

Confirmation statement

Last: 14/08/2025

Due 28/08/2026

On track

Industry

28923
28923
28990
Manufacture of other special-purpose machinery
33120
Repair of machinery
33200
Installation of industrial machinery and equipment

Officers

Mr Michael Marshall Gill

director · Since 24/11/2003

DIRECTOR

BRITISH · UNITED KINGDOM · Age 60

Also on 4 other boards

Mr Christian Alexander Heeson

director · Since 20/10/2018

ENGINEER

BRITISH · ENGLAND · Age 51

Also on 4 other boards

Persons with Significant Control

Mr Michael Marshall Gill

75–100% shares
75–100% votes
Appoint directors

British · United Kingdom · Age 60

Unit B9, Grove Park, Barnsley, S72 7BF

Notified 06/04/2016

Former PSCs

Mrs Shelley Gill

Ceased 16/05/2021

Charges6 outstanding

Charge
outstanding

BARCLAYS SECURITY TRUSTEE LIMITED

Created 04/01/2023Registered 05/01/2023
Charge
outstanding

BARCLAYS SECURITY TRUSTEE LIMITED

Created 22/10/2021Registered 25/10/2021
Charge
outstanding

BARCLAYS SECURITY TRUSTEE LIMITED

Created 08/09/2021Registered 08/09/2021
Charge
outstanding

BARCLAYS BANK PLC

Created 28/04/2016Registered 05/05/2016
charge
outstanding

BARCLAYS BANK PLC

Created 15/01/2013Registered 22/01/2013
charge
outstanding

BARCLAYS BANK PLC

Created 24/07/2009Registered 01/08/2009

CompanyRankvs 15+ SIC 28923 peers
77

Financial strength90th percentile among SIC peers · 23/25
Employees92th percentile among SIC peers · 14/15
LiquidityCurrent ratio 4.5× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength23/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees14/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

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 30/11/2024

Net Worth

£1.4M

Balance sheet strength

Cash

£467k

Cash in the bank

Net Current Assets

£834k

Working capital

Current Assets

£1.1M

Current Liabilities

£238k

Fixed Assets

£645k

Debtors

£384k

14avg. employees

Balance Sheet

Assets less current liabilities£1.5M
Signed by 2023-12-01Prepared with Companies House

EstimatesDerived

YearCurrent RatioImplied Profit
20244.50+£96k
20234.56+£101k
20226.23-£283
20213.95+£202k
20203.29

Derived from filed accounts. Not audited figures.