Mgd Developments Limited
06413872
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Last accounts
31/10/2024
total exemption full
Next accounts due
31/07/2026
Confirmation statement
Last: 31/10/2025
Due 14/11/2026
Industry
Officers
Persons with Significant Control
Mr Michael George David Farwell
British · England · Age 61
Seymour Chambers, Liverpool, L3 5NW
Notified 06/04/2016
CompanyRankvs 35019+ SIC 43390 peers34
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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.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/10/2024
Net Worth
-£50k
Balance sheet strength
Cash
£1k
Cash in the bank
Net Current Assets
-£54k
Working capital
Current Assets
£1k
Current Liabilities
£55k
Fixed Assets
£4k
Profit After Tax
-£2k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.02 | -£2k |
| 2023 | 0.03 | +£6k |
| 2022 | 0.07 | -£43k |
| 2021 | 0.49 | -£21k |
| 2020 | — | +£8k |
| 2019 | — | +£940 |
Derived from filed accounts. Not audited figures.