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Mg Electrical Solutions Ltd

06271740

active
Private Limited Company
Companies House
Health Score
90 / 100

Healthy

30/30
Filing
20/30
Financial
40/40
Risk

No risk factors detected.

Details

81 LIME GROVE, DODDINGHURST, ESSEX, CM15 0QX
Incorporated 07/06/2007

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

43210
Electrical installation

Officers

Bernadette Garrard

secretary · Since 07/06/2007

BRITISH

Mr Martin John Garrard

director · Since 07/06/2007

ELECTRICAL CONTRACTOR

BRITISH · UNITED KINGDOM · Age 59

Persons with Significant Control

Mrs Bernadette Garrard

25–50% shares

British · England · Age 59

81 Lime Grove, Doddinghurst, Essex, CM15 0QX

Notified 07/06/2017

Mr Martin John Garrard

50–75% shares

British · United Kingdom · Age 59

81 Lime Grove, Doddinghurst, Essex, CM15 0QX

Notified 28/04/2026

Former PSCs

Mr Martin Garrard

Ceased 27/04/2026

CompanyRankvs 12032+ SIC 43210 peers
67

Financial strength51th percentile among SIC peers · 13/25
Employees55th percentile among SIC peers · 8/15
LiquidityCurrent ratio 1.85× · 16/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength13/25 pts

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

Employees8/15 pts

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

Liquidity16/20 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 31/07/2025

Net Worth

£6k

Balance sheet strength

Cash

£10k

Cash in the bank

Net Current Assets

£9k

Working capital

Current Assets

£20k

Current Liabilities

£11k

Fixed Assets

£14k

Debtors

£8k

2avg. employees-1

Tax at Year End

Corp tax£6k
VAT£2k

Director Loans

Company owes directors£317

Balance Sheet

Assets less current liabilities£24k
Signed by Mrs Bernadette Garrard Mr Martin Garrard 10/02/2026Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20251.85-£4k£46k
20241.39+£3k£16k
20231.28£24k

Derived from filed accounts. Not audited figures.