Magma Global Limited
06528820
Some Concerns
- No accounts filed in last 18 months (-5)
- Loss before tax (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 10/03/2008
DIRECTOR
BRITISH · ENGLAND · Age 66
Also on 2 other boards
secretary · Since 13/10/2021
director · Since 13/10/2021
FINANCE DIRECTOR
BRITISH · SCOTLAND · Age 59
Also on 21 other boards
director · Since 25/04/2022
GLOBAL ENTITIES MANAGER - CORPORATE LEGA
BRITISH · SCOTLAND · Age 61
Also on 23 other boards
Persons with Significant Control
Technip-Coflexip Uk Holdings Limited
Hadrian House, Wincomblee Road, Newcastle Upon Tyne, NE6 3PL
Reg: 02424225 · Companies House · Private Limited Company
Notified 13/10/2021
Former PSCs
Azimuth Energy Partners Gp Iii Lp
Ceased 18/04/2018
Charges0 outstanding
DELAWARE TRUST COMPANY
DELAWARE TRUST COMPANY
NATIONAL WESTMINSTER BANK PLC
LOMBARD NORTH CENTRAL PUBLIC LIMITED COMPANY
MICHAEL BOYD (AS TRUSTEE FOR THE LOAN STOCKHOLDERS)
CompanyRankvs 3474+ SIC 32990 peers62
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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
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 directors with respect to going co
Key FinancialsYear ending 31/12/2024
Turnover
£11.5M
Annual revenue
Net Worth
£6.2M
Balance sheet strength
Cash
£62k
Cash in the bank
Profit Before Tax
-£3.6M
Bottom line earnings
Net Current Assets
-£28.5M
Working capital
Current Assets
£8.2M
Current Liabilities
£36.7M
Fixed Assets
£35.3M
Debtors
£6.7M
Cost of Sales
£6.3M
Gross Profit
£5.2M
Admin Expenses
£9.5M
Operating Profit
-£3.7M
Profit After Tax
-£4.4M
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.22 | -£4.4M |
| 2023 | 1.78 | -£573k |
| 2022 | 1.29 | -£1.8M |
| 2021 | 1.19 | — |
Derived from filed accounts. Not audited figures.