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Mag Solicitors Ltd

09175793

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

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

Details

WEST MIDLANDS HOUSE, WILLENHALL, WV13 2HA
Incorporated 14/08/2014

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

69102
Solicitors

Officers

Marguerita Vittoria Reardon

secretary · Since 14/08/2014

Mrs Marguerita Vittoria Reardon

director · Since 14/08/2014

SOLICITOR

BRITISH · ENGLAND · Age 61

Persons with Significant Control

Mrs Marguerita Vittoria Reardon

75–100% shares
ownership-of-shares-75-to-100-percent-as-firm
75–100% votes
significant-influence-or-control-as-firm

British · England · Age 61

West Midlands House, Gipsy Lane, Willenhall, WV13 2HA

Notified 14/08/2016

CompanyRankvs 917+ SIC 69102 peers
78

Financial strength77th percentile among SIC peers · 19/25
Employees82th percentile among SIC peers · 12/15
LiquidityCurrent ratio 5.3× · 20/20
Longevity12 years trading (max 15) · 12/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength19/25 pts

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

Employees12/15 pts

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

Liquidity20/20 pts

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

Longevity12/15 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 31/07/2024

Net Worth

£138k

Balance sheet strength

Cash

£141k

Cash in the bank

Net Current Assets

£137k

Working capital

Current Assets

£168k

Current Liabilities

£32k

Fixed Assets

£2k

Debtors

£28k

7avg. employees+1

Tax at Year End

Corp tax£18k
VAT£7k

Director Loans

Company owes directors£307

Balance Sheet

Assets less current liabilities£138k
Signed by Mrs M V Reardon 29/04/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20245.30+£53k£147k
20232.94—£430k

Derived from filed accounts. Not audited figures.