Magnet Insurance Services Ltd
06664153
Healthy
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Mr Anthony Morgan Bound
British · England · Age 63
Newark Beacon, Cafferata Way, Newark, NG24 2TN
Notified 05/08/2016
Former PSCs
Mr David Nicholas Beach
Ceased 30/09/2023
Charges0 outstanding
BBPS LIMITED
CompanyRankvs 126+ SIC 65120 peers83
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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 31/12/2025
Net Worth
£324k
Balance sheet strength
Cash
£252k
Cash in the bank
Net Current Assets
£300k
Working capital
Current Assets
£381k
Current Liabilities
£81k
Fixed Assets
£25k
Debtors
£129k
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 4.71 | +£0 |
| 2025 | 4.71 | +£104k |
| 2024 | 3.66 | +£73k |
| 2023 | 2.29 | -£264k |
| 2022 | 22.72 | -£71k |
| 2021 | 5.96 | — |
Derived from filed accounts. Not audited figures.