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Magnum Financial Solutions Ltd

07553873

active
Private Limited Company
Companies House
Health Score
90 / 100

Healthy

30/30
Filing
20/30
Financial
40/40
Risk

No risk factors detected.

Details

OFFICE 112A BUSINESS FIRST CENTRE, BURNLEY, BB12 6HA
Incorporated 07/03/2011

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

66190
Other activities auxiliary to financial services

Officers

Mr Mark Damien Mcelhone

director · Since 07/03/2011

FINANCIAL ADVISER

BRITISH · ENGLAND · Age 46

Mrs Cathy Mcelhone

secretary · Since 08/03/2012

Persons with Significant Control

Mr Mark Damien Mcelhone

75–100% shares
75–100% votes
right-to-appoint-and-remove-directors-as-firm

British · United Kingdom · Age 46

Office 112a, Business First Centre, Burnley, BB12 6HA

Notified 26/01/2018

Former PSCs

Mr Mark Mcelhone

Ceased 11/07/2024

CompanyRankvs 385+ SIC 66190 peers
82

Financial strength77th percentile among SIC peers · 19/25
Employees87th percentile among SIC peers · 13/15
LiquidityCurrent ratio 5× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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385Magnum Financial Solutions Ltd
82
How is this score calculated?
Financial strength19/25 pts

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

Employees13/15 pts

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

Liquidity20/20 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 31/07/2025

Net Worth

£70k

Balance sheet strength

Cash

£86k

Cash in the bank

Net Current Assets

£76k

Working capital

Current Assets

£95k

Current Liabilities

£19k

Fixed Assets

£2k

4avg. employees

Tax at Year End

Corp tax£19k

Director Loans

Company owes directors£2
Directors owe company£10k

Balance Sheet

Assets less current liabilities£78k
Signed by Mr Mark McElhone 09/01/2026Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20255.00+£0
20255.00+£43k
20243.87-£28k
20236.37+£152
20224.17—

Derived from filed accounts. Not audited figures.