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Magian Limited

06043366

active
Private Limited Company
england wales
Companies House
Health Score
74 / 100

Some Concerns

30/30
Filing
10/30
Financial
34/40
Risk
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

THE BOTHY NEDGING ROAD, IPSWICH, IP7 7HW
Incorporated 08/01/2007

Compliance

Last accounts

31/01/2025

total exemption full

Next accounts due

31/10/2026

On track

Confirmation statement

Last: 08/01/2026

Due 22/01/2027

On track

Industry

43999
Specialised construction activities

Officers

Mr Paul Robert Gillies

director · Since 08/01/2007

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 46

Persons with Significant Control

Mr Paul Robert Gillies

75–100% shares

British · England · Age 46

The Bothy, Nedging Road, Ipswich, IP7 7HW

Notified 01/07/2016

Charges3 outstanding

Charge
outstanding

CLYDESDALE BANK PLC (TRADING AS VIRGIN MONEY) (COMPANY NUMBER SC001111)

Created 03/03/2023Registered 07/03/2023
Charge
outstanding

SANTANDER UK PLC

Created 22/03/2017Registered 28/03/2017
charge
outstanding

CLYDESDALE BANK PLC

Created 16/05/2008Registered 24/05/2008

CompanyRankvs 19769+ SIC 43999 peers
50

Financial strength93th percentile among SIC peers · 23/25
Employees9th percentile among SIC peers · 1/15
LiquidityCurrent ratio 0.99× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength23/25 pts

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

Employees1/15 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 31/01/2025

Net Worth

£513k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

-£2k

Working capital

Current Assets

£394k

Current Liabilities

£396k

Fixed Assets

£849k

Debtors

£253k

0avg. employees-8

Tax at Year End

Corp tax£3k

Balance Sheet

Intangible assets£0
Assets less current liabilities£846k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20250.99-£8k
20241.20-£7k
20231.47+£127k
20220.82+£130k
20210.62+£27k
20200.56+£29k
20190.46

Derived from filed accounts. Not audited figures.