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Magnificent Property Solutions Limited

07398242

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

5 BRAYFORD SQUARE, LONDON, E1 0SG
Incorporated 06/10/2010

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

55900
Other accommodation

Officers

Mr Julius Olusegun Adeniji

director · Since 28/10/2015

CONSULTANT

BRITISH · ENGLAND · Age 49

Also on 2 other boards

Persons with Significant Control

Mr Julius Olusegun Adeniji

75–100% shares
75–100% votes
voting-rights-75-to-100-percent-as-trust
voting-rights-75-to-100-percent-as-firm
Appoint directors
Significant control

British · England · Age 49

5, Brayford Square, London, E1 0SG

Notified 03/10/2016

CompanyRankvs 7250+ SIC 55900 peers
41

Financial strength8th percentile among SIC peers · 2/25
Employees22th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.68× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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7250Magnificent Property Solutions Limited
37
How is this score calculated?
Financial strength2/25 pts

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

Employees3/15 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 31/10/2024

Net Worth

-£20k

Balance sheet strength

Cash

£6k

Cash in the bank

Net Current Assets

-£17k

Working capital

Current Assets

£36k

Current Liabilities

£54k

Fixed Assets

£4k

Debtors

£31k

0avg. employees

Balance Sheet

Bank loans & overdrafts£6k
Assets less current liabilities-£14k
Prepared with Taxfiler

EstimatesDerived

YearCurrent RatioImplied Profit
20240.68-£27k
20232.02+£0
20222.02+£1k
20215.53+£29
202023.87-£11k
20191.59+£4k
20181.76—

Derived from filed accounts. Not audited figures.