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Magnet Shipping (Uk) Ltd

08046703

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

71 HOTBLACK ROAD, NORWICH, NR2 4HQ
Incorporated 26/04/2012

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

49420
Removal services

Officers

Ariyanayagam Shiyanand

director · Since 26/04/2012

Sri Lankan

CompanyRankvs 14400+ SIC 49420 peers
60

Financial strength56th percentile among SIC peers · 14/25
Employees34th percentile among SIC peers · 5/15
LiquidityCurrent ratio 1.08× · 12/20
Longevity14 years trading (max 15) · 14/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength14/25 pts

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

Employees5/15 pts

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

Liquidity12/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity14/15 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 30/04/2025

Net Worth

£2k

Balance sheet strength

Cash

£4k

Cash in the bank

Net Current Assets

£1k

Working capital

Current Assets

£15k

Current Liabilities

£14k

Fixed Assets

£3k

Debtors

£11k

1avg. employees

Balance Sheet

Assets less current liabilities£4k
Signed by Mr Ariyanayagam Shiyanand 13/10/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20251.08+£5k
20241.00

Derived from filed accounts. Not audited figures.