Magna Trading Limited
06311529
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 17/07/2018
TRADING MANAGER
BRITISH · WALES · Age 53
Also on 2 other boards
director · Since 18/10/2023
COMPANY DIRECTOR
BRITISH · WALES · Age 36
Also on 1 other board
director · Since 18/10/2023
COMPANY DIRECTOR
BRITISH · WALES · Age 48
Also on 1 other board
director · Since 20/05/2024
COMPANY DIRECTOR
BRITISH · WALES · Age 42
Also on 2 other boards
Persons with Significant Control
Former PSCs
Mr Andrew Mark Robins
Ceased 29/06/2016
Mr Timothy George Swanson
Ceased 29/06/2016
Richard Mark Nunn
Ceased 19/04/2024
Mr Nelson Bruce Ker
Ceased 21/12/2021
Mr Christopher David Brown
Ceased 29/06/2016
Mr Kevin Richard Ford
Ceased 29/06/2016
Keystone Education Trust
Ceased 15/08/2022
Mr Clive Marsh
Ceased 21/12/2021
Mr Nigel Hill
Ceased 19/04/2024
Mr Edward Swanson
Ceased 21/12/2021
Mr Roy Mark Wells
Ceased 19/04/2024
Mr David John Gardiner
Ceased 21/12/2021
CompanyRankvs 3401+ SIC 82990 peers76
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
a member of a public benefit group. These financial statements are prepared in Sterling, which is the functional currency of the company. All the monetary amounts are rounded to the nearest £. 2.2. Going Concern Disclosure The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern
Key FinancialsYear ending 31/12/2024
Net Worth
£143k
Balance sheet strength
Cash
£32k
Cash in the bank
Net Current Assets
£123k
Working capital
Current Assets
£204k
Current Liabilities
£81k
Fixed Assets
£20k
Debtors
£37k
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit | Est. Revenue |
|---|---|---|---|
| 2024 | 2.51 | +£19k | £156k |
| 2023 | 2.38 | +£90k | £156k |
| 2022 | 0.96 | -£4k | — |
| 2021 | 1.01 | -£719 | — |
| 2020 | 1.00 | -£3k | — |
| 2019 | 1.00 | +£23k | — |
| 2018 | 1.00 | — | — |
Derived from filed accounts. Not audited figures.