Mga Cover Services Limited
08444204
Healthy
No risk factors detected.
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 07/07/2021
DIRECTOR
BRITISH · ENGLAND · Age 61
Also on 10 other boards
Persons with Significant Control
Rock Insurance Services Ltd
Griffin House, High Street, Crawley, RH10 1DQ
Reg: 04255878 · Companies House · Limited Company
Notified 06/04/2016
Advantage Financial Services Limited
C/O Regus, Eagle House, London, EC1V 1AW
Reg: 03404728 · Companies House · Private Limited Company
Notified 06/04/2016
Former PSCs
Advantage Finacial Services Ltd
Ceased 06/04/2016
CompanyRankvs 1021+ SIC 65120 peers65
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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 31/12/2024
Net Worth
£37k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
£37k
Working capital
Current Assets
£74k
Current Liabilities
£37k
Tax at Year End(2020)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 1.99 | +£23k |
| 2023 | 1.21 | -£7k |
| 2022 | 1.11 | +£11k |
| 2021 | 1.11 | -£14k |
| 2020 | 1.15 | -£106k |
| 2019 | 1.26 | — |
Derived from filed accounts. Not audited figures.