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Magg Group Ltd

07277534

liquidation
Private Limited Company
england wales
Companies House
Insolvency history
Health Score
N/A

Details

AZZURRI HOUSE WALSALL BUSINESS PARK, WALSALL, WS9 0RB
Incorporated 08/06/2010

Compliance

Last accounts

31/03/2022

total exemption full

Next accounts due

31/12/2023

Overdue

Confirmation statement

Last: 08/06/2023

Due 22/06/2024

Overdue

Industry

43999
Specialised construction activities

Officers

Mrs Mandy Gibbons

director · Since 08/06/2010

DIRECTOR

BRITISH · ENGLAND · Age 66

Mr Mark Anthony Gibbons

director · Since 08/06/2010

DIRECTOR

BRITISH · ENGLAND · Age 65

Also on 2 other boards

Persons with Significant Control

Mrs Mandy Georgina Gibbons

25–50% shares

British · England · Age 66

Azzurri House, Walsall Business Park, Walsall, WS9 0RB

Notified 06/04/2016

Mr Mark Anthony Gibbons

25–50% shares

British · England · Age 65

Azzurri House, Walsall Business Park, Walsall, WS9 0RB

Notified 01/07/2018

Charges0 outstanding

Charge
satisfied

BCRS BUSINESS LOANS LIMITED

Created 13/05/2022Registered 24/05/2022Satisfied 22/07/2022
Charge
satisfied

BCRS MEIF GP LTD

Created 13/05/2022Registered 24/05/2022Satisfied 22/07/2022

Insolvency History1 case

creditors voluntary liquidation28/11/2023

Simon Wall (practitioner) · Richard David Tonks (practitioner) · Christopher Humphrey Ison Moore (practitioner)

CompanyRankvs 15+ SIC 43999 peers
32

Financial strengthNo net worth data · 0/25
EmployeesNo employee data · 0/15
LiquidityCurrent ratio 1.4× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Insolvency history -10
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How is this score calculated?
Financial strength0/25 pts

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

Employees0/15 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

Insolvency history: -10 pts

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

Key FinancialsYear ending 31/03/2022

Net Worth

£72k

Balance sheet strength

Cash

£10k

Cash in the bank

Net Current Assets

£88k

Working capital

Current Assets

£309k

Current Liabilities

£220k

Fixed Assets

£19k

Debtors

£298k

25avg. employees+8

Balance Sheet

Bank loans & overdrafts£36k
Assets less current liabilities£108k
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20221.40+£24k
20211.33—

Derived from filed accounts. Not audited figures.