Magans Taxis Limited
07675107
Healthy
- Current liabilities exceed current assets (-10)
Details
Compliance
Last accounts
31/08/2025
total exemption full
Next accounts due
31/05/2027
Confirmation statement
Last: 14/07/2025
Due 28/07/2026
Industry
Officers
Mahad Abdi Jama
director · Since 20/06/2011
British
Former
Nasir Mohamed Aden
secretary · Resigned 18/09/2018
CompanyRankvs 27830+ SIC 49320 peers67
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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 31/08/2025
Turnover
£2.1M
Annual revenue
Net Worth
£662k
Balance sheet strength
Cash
£166k
Cash in the bank
Profit Before Tax
£123k
Bottom line earnings
Net Current Assets
£288k
Working capital
Current Assets
£171k
Current Liabilities
£459k
Fixed Assets
£1.4M
Debtors
£4k
Cost of Sales
£1.5M
Gross Profit
£579k
Admin Expenses
£408k
Operating Profit
£171k
Profit After Tax
£123k
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit | Est. Revenue |
|---|---|---|---|
| 2025 | 0.37 | +£83k | £1.2M |
| 2024 | 0.56 | +£379k | — |
| 2023 | 0.45 | — | — |
Derived from filed accounts. Not audited figures.