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Mgm It Solutions Ltd

07273017

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

12 ST. MARTINS ROAD, SUTTON COLDFIELD, B75 7QL
Incorporated 03/06/2010

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62012
Business and domestic software development

Officers

Mr Samson Karnikoti

director · Since 03/06/2010

COMPANY DIRECTOR

BRITISH · ENGLAND

Persons with Significant Control

Mr Samson Karnikoti

50–75% shares
50–75% votes
Appoint directors

British · England

Notified 01/07/2016

Mrs Sandhya Pilli

25–50% shares
25–50% votes
Appoint directors

Indian · England

Notified 15/01/2018

CompanyRankvs 29350+ SIC 62012 peers
50

Financial strength12th percentile among SIC peers · 3/25
Employees72th percentile among SIC peers · 11/15
LiquidityCurrent ratio 0.87× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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29350Mgm It Solutions Ltd
46
How is this score calculated?
Financial strength3/25 pts

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

Employees11/15 pts

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

Liquidity6/20 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.

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

Key FinancialsYear ending 31/03/2025

Net Worth

-£9k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£7k

Working capital

Current Assets

£45k

Current Liabilities

£51k

2avg. employees

Balance Sheet

Assets less current liabilities-£7k
Prepared with Sage Accounts Production Advanced 2023 - FRS102_2023

EstimatesDerived

YearCurrent RatioImplied Profit
20250.87+£0
20250.87-£12k
20241.05-£30k
20231.44—

Derived from filed accounts. Not audited figures.