Stormagic Limited
05706971
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 2 outstanding charges (-4)
Details
Previously known as
Compliance
Last accounts
31/03/2025
group
Next accounts due
31/12/2026
Confirmation statement
Last: 01/08/2025
Due 15/08/2026
Industry
Officers
secretary · Since 22/09/2022
Former
corporate director · Resigned 17/03/2006
corporate secretary · Resigned 17/03/2006
director · Resigned 15/08/2014
director · Resigned 13/02/2015
secretary · Resigned 02/04/2015
director · Resigned 18/02/2016
director · Resigned 31/10/2016
director · Resigned 30/04/2019
director · Resigned 01/01/2020
secretary · Resigned 10/01/2020
director · Resigned 27/03/2020
secretary · Resigned 06/04/2021
director · Resigned 13/05/2021
director · Resigned 21/07/2022
director · Resigned 30/08/2024
director · Resigned 30/08/2024
director · Resigned 30/08/2024
director · Resigned 31/03/2025
Charges2 outstanding
PALATINE GC HOLDINGS LIMITED
PALATINE GC HOLDINGS LIMITED
HARBERT EUROPEAN SPECIALTY LENDING COMPANY II, S.A R.L.
HSBC BANK PLC
HSBC BANK PLC
GALMOY INVESTMENTS LIMITED
Change History
Active
Private Limited Company
THE QUADRANT AZTEC WEST
BRISTOL
CompanyRankvs 36735+ SIC 62012 peers22
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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 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
Key FinancialsYear ending 31/03/2025
Net Worth
-£4.4M
Balance sheet strength
Cash
£2.4M
Cash in the bank
Net Current Assets
-£1.8M
Working capital
Current Assets
£2.7M
Current Liabilities
£4.5M
Fixed Assets
£3.1M
Debtors
£2.8M
Cost of Sales
£655k
Admin Expenses
£8.6M
Profit After Tax
-£1.1M
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.60 | -£1.7M |
| 2019 | 0.45 | -£1.1M |
| 2018 | 0.48 | — |
Derived from filed accounts. Not audited figures.