Mg Precision Engineering (Uk) Limited
04979925
Healthy
- Current liabilities exceed current assets (-10)
Details
Compliance
Last accounts
31/12/2024
total exemption full
Next accounts due
30/09/2026
Confirmation statement
Last: 31/12/2025
Due 14/01/2027
Industry
Officers
Persons with Significant Control
Mr Lee Webb
British · United Kingdom · Age 56
7b, Wharf Lane, Woking, GU23 7EJ
Notified 19/12/2023
Former PSCs
Mr Roger David Clark
Ceased 31/12/2025
Charges0 outstanding
NATIONAL WESTMINSTER BANK PLC
CompanyRankvs 1623+ SIC 25620 peers50
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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 31/12/2025
Net Worth
£7k
Balance sheet strength
Cash
£11k
Cash in the bank
Net Current Assets
-£5k
Working capital
Current Assets
£15k
Current Liabilities
£20k
Fixed Assets
£12k
Debtors
£5k
Tax at Year End
Director Loans
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit | Est. Revenue |
|---|---|---|---|
| 2025 | 0.75 | +£0 | £95k |
| 2025 | 0.75 | -£1k | £95k |
| 2024 | 1.01 | -£5k | £91k |
| 2023 | 1.22 | -£2k | £106k |
| 2022 | 1.32 | -£5k | £113k |
| 2021 | 1.77 | — | — |
Derived from filed accounts. Not audited figures.