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Magec Limited

08784652

active
Private Limited Company
Companies House
Health Score
73 / 100

Some Concerns

25/30
Filing
10/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

59 NOTTINGHAM ROAD, NOTTINGHAM, NG15 9HG
Incorporated 21/11/2013

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68209
Other letting and operating of own or leased real estate

Officers

Mr Michael Nicolaou

director · Since 21/09/2016

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 61

Also on 2 other boards

Persons with Significant Control

Mr Michael Nicolaou

25–50% shares
75–100% votes

British · United Kingdom · Age 61

59, Nottingham Road, Nottingham, NG15 9HG

Notified 21/09/2016

Charges1 outstanding

Charge
outstanding

ELENI DEMETRIOU (THE LENDER)

Created 19/02/2014Registered 25/02/2014

CompanyRankvs 92111+ SIC 68209 peers
45

Financial strength89th percentile among SIC peers · 22/25
Employees18th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.04× · 2/20
Longevity13 years trading (max 15) · 13/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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92111Magec Limited
54
How is this score calculated?
Financial strength22/25 pts

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

Employees3/15 pts

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

Liquidity2/20 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

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 30/11/2024

Net Worth

£487k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£619k

Working capital

Current Assets

£24k

Current Liabilities

£643k

Fixed Assets

£1.1M

0avg. employees

Balance Sheet

Assets less current liabilities£487k
Prepared with Companies House

EstimatesDerived

YearCurrent RatioImplied Profit
20240.04+£39k
20230.03+£47k
20220.17+£51k
20210.09+£36k
20200.03+£85k
20180.03—

Derived from filed accounts. Not audited figures.