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Mgm Homes Limited

05732653

active
Private Limited Company
Companies House
Health Score
81 / 100

Healthy

25/30
Filing
20/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • 2 outstanding charges (-4)

Details

HILL TOP FARM 80 ASHBOURNE ROAD, BELPER, DE56 2LF
Incorporated 07/03/2006

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

43390
Other building completion and finishing

Officers

Michael William Bowness

secretary · Since 07/03/2006

BRITISH · ENGLAND · Age 69

Also on 3 other boards

Gail Fiona Bowness

director · Since 07/03/2006

DOMICILIARY SERVICE ORGANISER

BRITISH · ENGLAND · Age 64

Mr Matthew William Bowness

director · Since 07/03/2006

BUILDER

BRITISH · UNITED KINGDOM · Age 44

Michael William Bowness

director · Since 07/03/2006

HAULIER

BRITISH · ENGLAND · Age 69

Also on 3 other boards

Persons with Significant Control

Gail Fiona Bowness

25–50% shares
25–50% votes

British · England · Age 64

Hill Top Farm, 80 Ashbourne Road, Belper, DE56 2LF

Notified 06/04/2016

Mr Matthew William Bowness

25–50% shares
25–50% votes

British · United Kingdom · Age 44

Hill Top Farm, 80 Ashbourne Road, Belper, DE56 2LF

Notified 06/04/2016

Michael William Bowness

25–50% shares
25–50% votes

British · England · Age 69

Hill Top Farm, 80 Ashbourne Road, Belper, DE56 2LF

Notified 06/04/2016

Charges2 outstanding

charge
outstanding

HSBC BANK PLC

Created 25/05/2006Registered 08/06/2006
charge
outstanding

HSBC BANK PLC

Created 05/04/2006Registered 07/04/2006

CompanyRankvs 4083+ SIC 43390 peers
65

Financial strength73th percentile among SIC peers · 18/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.24× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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4083Mgm Homes Limited
75
How is this score calculated?
Financial strength18/25 pts

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

Employees15/15 pts

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

Liquidity12/20 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 31/03/2023

Net Worth

£23k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£80k

Working capital

Current Assets

£420k

Current Liabilities

£340k

Fixed Assets

£138k

Debtors

£420k

11avg. employees

Tax at Year End

Corp tax£7k
VAT£29k

Director Loans(2020)

Directors owe company£9k

Balance Sheet

Assets less current liabilities£219k
Signed by Mr Michael Bowness 18 March 2024Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20231.24-£17k£574k
20221.59——
20212.01——
20200.45——
20190.65——

Derived from filed accounts. Not audited figures.