Magitech Ltd
07992107
Some Concerns
- Negative net worth (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 15/03/2012
MANAGING DIRECTOR
BRITISH · ENGLAND · Age 50
Also on 4 other boards
Persons with Significant Control
Mr Gavril Loghin
British · England · Age 50
58, Cumberland Drive, Bexleyheath, DA7 5LB
Notified 12/02/2017
CompanyRankvs 33394+ SIC 62012 peers31
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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
Going concern doubt: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements are presented in sterling (£), and figures are shown to the nearest whole pound. 2.2. Going Concern Disclosure The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going
Key FinancialsYear ending 31/05/2025
Net Worth
-£4k
Balance sheet strength
Cash
£2k
Cash in the bank
Net Current Assets
-£11k
Working capital
Current Assets
£2k
Current Liabilities
£13k
Fixed Assets
£7k
Debtors
£86
Tax at Year End(2024)
Director Loans
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit | Est. Revenue |
|---|---|---|---|
| 2025 | 0.16 | -£941 | — |
| 2024 | 0.11 | -£2k | £22k |
| 2023 | 0.45 | +£13k | £22k |
| 2022 | 0.36 | -£4k | £72k |
| 2021 | 0.45 | -£6k | £52k |
| 2020 | 0.63 | +£8k | £73k |
| 2019 | 0.07 | -£18k | — |
| 2018 | 0.52 | — | £22k |
Derived from filed accounts. Not audited figures.