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Mge Corporation Ltd

08471165

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Going concern doubt noted in accounts (-10)

Details

20-22 WENLOCK ROAD, LONDON, N1 7GU
Incorporated 03/04/2013

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

45310
Wholesale trade of motor vehicle parts and accessories
46130
Agents involved in the sale of timber and building materials
46140
Agents involved in the sale of machinery, industrial equipment, ships and aircraft
66190
Other activities auxiliary to financial services

Officers

Mge Investments Limited

director · Since 19/02/2021

Mr Stephen Leslie Miller

director · Since 24/02/2021

DIRECTOR

AUSTRALIAN · AUSTRALIA · Age 62

Also on 8 other boards

Persons with Significant Control

Mge Investments Ltd

75–100% shares
75–100% votes
Appoint directors

20-22, Wenlock Road, London, N1 7GU

Reg: 08835111 · Uk Companies Registry · Limited By Shares

Notified 05/07/2016

Former PSCs

Global Evolution Ltd

Ceased 19/02/2021

CompanyRankvs 2255+ SIC 45310 peers
41

Financial strength2th percentile among SIC peers · 1/25
Employees38th percentile among SIC peers · 6/15
LiquidityCurrent ratio 1.52× · 16/20
Longevity13 years trading (max 15) · 13/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength1/25 pts

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

Employees6/15 pts

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

Liquidity16/20 pts

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

Longevity13/15 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.

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

cost convention and in accordance with FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and the Republic of Ireland - and the Companies Act 2006. 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 31/12/2024

Net Worth

-£152k

Balance sheet strength

Cash

£32k

Cash in the bank

Net Current Assets

£21k

Working capital

Current Assets

£62k

Current Liabilities

£41k

Debtors

£30k

1avg. employees

Tax at Year End

Corp tax£5k

Balance Sheet

Assets less current liabilities£21k
Signed by Stephen Miller 26/09/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20241.52+£9k
20231.44-£246k
20221.91+£56k
20212.06+£32k
20200.89—

Derived from filed accounts. Not audited figures.