Mg Heating Solutions Limited
07601917
Healthy
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Mr Martin Evans
British · Wales · Age 74
14, Attlee Avenue, Abertillery, NP13 1SN
Notified 06/04/2016
Mr Martin Gwyn Evans
British · Wales · Age 50
Marcaberhy House, The Walk, Abertillery, NP13 3AL
Notified 06/04/2016
CompanyRankvs 772+ SIC 74909 peers88
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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
£175k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
£160k
Working capital
Current Assets
£199k
Current Liabilities
£39k
Fixed Assets
£15k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 5.12 | +£6k |
| 2024 | 6.05 | -£11k |
| 2023 | 5.88 | +£43k |
| 2022 | 11.43 | +£2k |
| 2021 | 4.55 | — |
Derived from filed accounts. Not audited figures.