Magnatech Engineering Limited
07660665
Healthy
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Mr Jassim Al-Jassar
British · England · Age 45
38 Middlehill Road, Colehill, Wimborne, BH21 2SE
Notified 01/07/2016
Charges1 outstanding
LLOYDS TSB COMMERCIAL FINANCE LIMITED
CompanyRankvs 2420+ SIC 25990 peers61
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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.
Risk deductions
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/01/2026
Net Worth
£125k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
£129k
Working capital
Current Assets
£249k
Current Liabilities
£126k
Fixed Assets
£76k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2026 | 1.97 | +£90k |
| 2025 | 1.58 | +£29k |
| 2024 | 1.20 | -£501 |
| 2023 | 1.08 | — |
Derived from filed accounts. Not audited figures.