Mgi Engineering Ltd
04960248
Healthy
- No accounts filed in last 18 months (-5)
- 1 outstanding charge (-2)
Details
Compliance
Last accounts
31/12/2024
total exemption full
Next accounts due
30/09/2026
Confirmation statement
Last: 06/11/2025
Due 20/11/2026
Industry
Officers
director · Since 11/11/2003
TECHNICAL DIRECTOR
BRITISH · ENGLAND · Age 63
Also on 3 other boards
director · Since 31/10/2021
ARTIST
GERMAN · ENGLAND · Age 47
Also on 3 other boards
Persons with Significant Control
Mr Michael Robert Gascoyne
British · England · Age 63
Unit 7 The Gateway, Windrush Park Road, Witney, OX29 7EY
Notified 02/11/2021
Mrs Silvia Schaumloeffel
German · England · Age 47
The Old School, Kelmscott, Lechlade, GL7 3HG
Notified 02/11/2021
Former PSCs
Mr Michael Robert Gascoyne
Ceased 29/07/2019
Vertical Aerospace Ltd
Ceased 22/02/2021
Vertical Aerospace Group Ltd
Ceased 02/11/2021
Charges1 outstanding
HSBC UK BANK PLC
CLOSE BROTHERS LIMITED
CompanyRankvs 419+ SIC 74909 peers79
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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 31/12/2024
Net Worth
£794k
Balance sheet strength
Cash
£434k
Cash in the bank
Net Current Assets
£697k
Working capital
Current Assets
£934k
Current Liabilities
£237k
Fixed Assets
£114k
Debtors
£500k
Tax at Year End(2021)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 3.95 | +£298k |
| 2023 | 2.88 | -£362k |
| 2022 | 3.42 | +£712k |
| 2021 | 1.33 | -£179k |
| 2018 | 4.92 | — |
Derived from filed accounts. Not audited figures.