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Ma24 Limited

07159714

active
Private Limited Company
Companies House
Health Score
93 / 100

Healthy

25/30
Filing
30/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • 1 outstanding charge (-2)

Details

14 HIGH CROSS, TRURO, TR1 2AJ
Incorporated 17/02/2010

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

43999
Specialised construction activities

Officers

Mr Paul Anthony Fitzpatrick

director · Since 16/12/2021

COMPANY DIRECTOR

IRISH · UNITED KINGDOM · Age 58

Also on 2 other boards

Mr Andrew Philip Mair

director · Since 16/12/2021

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 53

Also on 2 other boards

Mr Peter Francis Mccormack

director · Since 16/12/2021

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 56

Also on 2 other boards

Mr Bryan James Mullen

director · Since 16/12/2021

COMPANY DIRECTOR

IRISH · IRELAND · Age 49

Also on 1 other board

Mr James Andrew Pike

director · Since 16/12/2021

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 50

Also on 3 other boards

Mr Stuart Neil Williams

director · Since 16/12/2021

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 47

Also on 4 other boards

Persons with Significant Control

Ma24 Holdings Limited

75–100% shares
ownership-of-shares-75-to-100-percent-as-firm
75–100% votes
voting-rights-75-to-100-percent-as-firm
Appoint directors
right-to-appoint-and-remove-directors-as-firm

14, High Cross, Truro, TR1 2AJ

Notified 16/12/2021

Former PSCs

Systems Adi Group Limited

Ceased 16/12/2021

Charges1 outstanding

Charge
outstanding

BARCLAYS BANK PLC

Created 11/10/2013Registered 17/10/2013
Charge
satisfied

SYSTEMS ADI GROUP LIMITED

Created 25/04/2013Registered 08/05/2013Satisfied 09/06/2022

CompanyRankvs 3337+ SIC 43999 peers
70

Financial strength91th percentile among SIC peers · 23/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.11× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength23/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

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

Liquidity12/20 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 31/12/2024

Turnover

£12.0M

Annual revenue

Net Worth

£355k

Balance sheet strength

Cash

£6.0M

Cash in the bank

Profit Before Tax

£1.4M

Bottom line earnings

Net Current Assets

£796k

Working capital

Current Assets

£8.1M

Current Liabilities

£7.3M

Fixed Assets

£232k

Debtors

£2.1M

Cost of Sales

£9.0M

Gross Profit

£3.0M

Admin Expenses

£1.6M

Operating Profit

£1.4M

Profit After Tax

£1.2M

21avg. employees+6

Tax at Year End

Corp tax£176k
VAT£1.1M

Director Loans

Directors owe company£396k

Balance Sheet

Assets less current liabilities£1.0M
Signed by Mr Andrew Mair Mr Stuart Williams 09/09/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20241.11+£136k£22.0M
20231.33-£246k£958k
20221.54-£131k
20211.16

Derived from filed accounts. Not audited figures.