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Mg Development Limited

05836069

active
Private Limited Company
Companies House
Health Score
76 / 100

Some Concerns

30/30
Filing
10/30
Financial
36/40
Risk
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

THE STABLES, ROOKSCOMBE LODGE, WELLS, BA5 3AH
Incorporated 02/06/2006

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68209
Other letting and operating of own or leased real estate

Officers

Miss Emily Parker

secretary · Since 02/06/2006

BRITISH · ENGLAND · Age 59

Also on 7 other boards

Miss Emily Parker

director · Since 02/06/2006

TRAINING CONSULTANT

BRITISH · ENGLAND · Age 59

Also on 7 other boards

Mr Graham Bradley Sutherland

director · Since 02/06/2006

PROPERTY DEVELOPER

BRITISH · ENGLAND · Age 57

Also on 7 other boards

Persons with Significant Control

Mr Graham Bradley Sutherland

50–75% shares

British · England · Age 57

The Stables, Rookscombe Lodge, Wells, BA5 3AH

Notified 06/04/2016

Miss Emily Parker

25–50% shares

British · England · Age 59

The Stables, Rookscombe Lodge, Wells, BA5 3AH

Notified 06/04/2016

Charges2 outstanding

charge
outstanding

THE ROYAL BANK OF SCOTLAND PLC

Created 27/04/2007Registered 15/05/2007
charge
outstanding

AIB GROUP (UK) P.L.C.

Created 30/06/2006Registered 01/07/2006

CompanyRankvs 59803+ SIC 68209 peers
55

Financial strength81th percentile among SIC peers · 20/25
Employees57th percentile among SIC peers · 9/15
LiquidityCurrent ratio 0.65× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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59803Mg Development Limited
61
How is this score calculated?
Financial strength20/25 pts

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

Employees9/15 pts

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

Liquidity6/20 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 30/06/2025

Net Worth

£157k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£1k

Working capital

Current Assets

£2k

Current Liabilities

£3k

Fixed Assets

£220k

1avg. employees

Tax at Year End(2024)

Corp tax£3k

Director Loans(2021)

Company owes directors£2k

Balance Sheet

Assets less current liabilities£219k
Signed by 4 MG DEVELOPMENT LIMITEDPrepared with TinyTax

EstimatesDerived

YearCurrent RatioImplied Profit
20250.65+£0
20250.65+£8k
20240.39+£5k
20230.43+£8k
20220.29+£6k
20210.36—

Derived from filed accounts. Not audited figures.