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Magnificent Estates Limited

06641580

active
Private Limited Company
Companies House
Health Score
71 / 100

Some Concerns

25/30
Filing
10/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

NEW BURLINGTON HOUSE, LONDON, NW11 0PU
Incorporated 09/07/2008

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

41100
Development of building projects

Officers

Henry Bondi

director · Since 28/08/2008

DIRECTOR

BRITISH · ENGLAND · Age 46

Also on 3 other boards

Persons with Significant Control

Ryness Properties Uk Limited

25–50% shares
25–50% votes

New Burlington House, 1075 Finchley Road, London, NW11 0PU

Reg: 13212450 · Register Of Companies In England And Wales · Private Company Limited By Shares

Notified 24/03/2021

Charges2 outstanding

Charge
outstanding

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Created 12/02/2014Registered 15/02/2014Satisfied 30/05/2024
charge
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COMMERCIAL ACCEPTANCES LIMITED

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charge
satisfied

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satisfied

BARCLAYS BANK PLC

Created 26/03/2009Registered 03/04/2009Satisfied 13/12/2013
charge
satisfied

BARCLAYS BANK PLC

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CompanyRankvs 25986+ SIC 41100 peers
48

Financial strength94th percentile among SIC peers · 24/25
Employees14th percentile among SIC peers · 2/15
LiquidityCurrent ratio 0.1× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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25986Magnificent Estates Limited
58
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.

Employees2/15 pts

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

Liquidity2/20 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 29/07/2022

Net Worth

£1.1M

Balance sheet strength

Cash

£1k

Cash in the bank

Net Current Assets

-£441k

Working capital

Current Assets

£47k

Current Liabilities

£488k

Fixed Assets

£2.4M

Debtors

£46k

0avg. employees

Tax at Year End

Corp tax£46

Balance Sheet

Assets less current liabilities£1.9M
Prepared with Sage Accounts Production Advanced 2021 - FRS102_2021

EstimatesDerived

YearCurrent RatioImplied Profit
20220.10+£197
20210.09—

Derived from filed accounts. Not audited figures.