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The Magic Torch Digital Ltd

05953252

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

63 ELM HATCH, PINNER, HA5 4JL
Incorporated 02/10/2006

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

74100
Specialised design activities

Officers

Mr Jamie Michael Milnes

director · Since 02/10/2006

GRAPHIC DESIGNER

BRITISH · ENGLAND · Age 49

Also on 3 other boards

Persons with Significant Control

Mr Jamie Michael Milnes

75–100% shares
75–100% votes
Appoint directors

British · England · Age 49

152, Hitchin Street, Biggleswade, SG18 8BP

Notified 06/04/2016

CompanyRankvs 24948+ SIC 74100 peers
37

Financial strength10th percentile among SIC peers · 3/25
Employees11th percentile among SIC peers · 2/15
LiquidityCurrent ratio 0.07× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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24948The Magic Torch Digital Ltd
37
How is this score calculated?
Financial strength3/25 pts

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

Employees2/15 pts

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

Liquidity2/20 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.

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/03/2025

Net Worth

-£8k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£8k

Working capital

Current Assets

£578

Current Liabilities

£9k

Fixed Assets

£2k

0avg. employees-1

Balance Sheet

Assets less current liabilities-£7k
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20250.07+£120
20240.40+£2k
20230.20+£577
20221.27-£25k
20212.15—

Derived from filed accounts. Not audited figures.