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Magawell Limited

06274585

active
Private Limited Company
england wales
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
20/30
Financial
30/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 6 outstanding charges (-10)

Details

UNIT K6 CAPITAL POINT, CARDIFF, CF3 2PU
Incorporated 11/06/2007

Compliance

Last accounts

30/06/2024

full

Next accounts due

30/06/2026

On track

Confirmation statement

Last: 11/06/2025

Due 25/06/2026

On track

Industry

47730
Dispensing chemist in specialised stores

Officers

Dr Mohammed Husein Nazemi

director · Since 14/08/2012

PHARMACIST

BRITISH · WALES · Age 49

Also on 9 other boards

Persons with Significant Control

Brentmark Limited

75–100% shares

2a Victoria Buildings, High Street, Newport, NP11 5GT

Reg: 08145209 · Companies House · Limited Company

Notified 06/04/2016

Dr Mohammed Husein Nazemi

Significant control

British · Wales · Age 49

Unit K6, Capital Point, Cardiff, CF3 2PU

Notified 06/04/2016

Charges6 outstanding

Charge
outstanding

HSBC UK BANK PLC

Created 16/02/2024Registered 20/02/2024
Charge
satisfied

HSBC UK BANK PLC

Created 22/10/2019Registered 29/10/2019Satisfied 27/02/2026
Charge
outstanding

HSBC INVOICE FINANCE (UK) LTD

Created 20/09/2019Registered 20/09/2019
Charge
outstanding

HSBC UK BANK PLC

Created 13/09/2019Registered 16/09/2019
Charge
satisfied

HSBC UK BANK PLC

Created 13/09/2019Registered 16/09/2019Satisfied 24/04/2024
Charge
satisfied

HSBC UK BANK PLC

Created 13/09/2019Registered 16/09/2019Satisfied 24/04/2024
Charge
outstanding

HSBC UK BANK PLC

Created 13/09/2019Registered 16/09/2019
Charge
outstanding

HSBC UK BANK PLC

Created 13/09/2019Registered 16/09/2019
Charge
outstanding

HSBC UK BANK PLC

Created 13/09/2019Registered 16/09/2019
Charge
satisfied

SANTANDER UK PLC

Created 15/07/2019Registered 01/08/2019Satisfied 23/12/2019
Charge
satisfied

SANTANDER UK PLC

Created 15/07/2019Registered 31/07/2019Satisfied 23/12/2019
Charge
satisfied

SANTANDER UK PLC

Created 08/03/2017Registered 21/03/2017Satisfied 23/12/2019
Charge
satisfied

SANTANDER UK PLC

Created 23/12/2016Registered 23/12/2016Satisfied 23/12/2019
charge
satisfied

SANTANDER UK PLC

Created 14/08/2012Registered 28/08/2012Satisfied 31/07/2019
charge
satisfied

SANTANDER UK PLC

Created 14/08/2012Registered 28/08/2012Satisfied 31/07/2019
charge
satisfied

SANTANDER UK PLC AS SECURITY TRUSTEE ("SECURITY HOLDER") FOR EACH GROUP MEMBER

Created 14/08/2012Registered 18/08/2012Satisfied 23/12/2019
charge
satisfied

LLOYDS TSB BANK PLC

Created 26/06/2007Registered 10/07/2007Satisfied 13/09/2012

CompanyRankvs 551+ SIC 47730 peers
65

Financial strength97th percentile among SIC peers · 24/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.58× · 16/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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551Magawell Limited
81
How is this score calculated?
Financial strength24/25 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.

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.

Risk deductions

Going concern doubt: -10 pts

Outstanding charges: -10 pts

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

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the director with respect to g

Key FinancialsYear ending 30/06/2024

Net Worth

£2.2M

Balance sheet strength

Cash

£18k

Cash in the bank

Profit Before Tax

£392k

Bottom line earnings

Net Current Assets

£990k

Working capital

Current Assets

£2.7M

Current Liabilities

£1.7M

Fixed Assets

£2.7M

Debtors

£1.8M

Cost of Sales

£9.1M

Admin Expenses

£4.3M

Profit After Tax

£359k

116avg. employees-3

Tax at Year End

Corp tax£41k

People Costs

Wages & salaries£2.1M

Balance Sheet

Intangible assets£2.0M
Bank loans & overdrafts£20k
Assets less current liabilities£3.7M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20241.58-£327k
20231.41+£534k
20221.36+£649k
20211.31-£143k
20201.07-£463k
20191.06-£321k
20181.15—

Derived from filed accounts. Not audited figures.