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Mgv Projects Limited

09347762

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)

Details

3 ASHBY DRIVE, BEDFORD, MK45 4SA
Incorporated 09/12/2014

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

70229
Management consultancy activities

Officers

Mr Adedapo Otenigbagbe

director · Since 15/12/2016

DIRECTOR

BRITISH · ENGLAND · Age 57

Mrs Olubusola Abike Otenigbagbe

director · Since 10/09/2019

CONSULTANT

BRITISH · ENGLAND · Age 55

Also on 1 other board

Persons with Significant Control

Mr Adedapo Otenigbagbe

75–100% shares
75–100% votes
voting-rights-75-to-100-percent-as-trust
voting-rights-75-to-100-percent-as-firm
right-to-appoint-and-remove-directors-as-trust
significant-influence-or-control-as-trust

British · England · Age 57

3, Ashby Drive, Bedford, MK45 4SA

Notified 09/12/2016

CompanyRankvs 172192+ SIC 70229 peers
30

Financial strength4th percentile among SIC peers · 1/25
Employees13th percentile among SIC peers · 2/15
LiquidityNo balance sheet data · 0/20
Longevity12 years trading (max 15) · 12/15
Filing complianceAll filings up to date · 15/15
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172192Mgv Projects Limited
29
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.

Employees2/15 pts

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

Liquidity0/20 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 31/12/2024

Net Worth

-£29k

Balance sheet strength

Cash

£1

Cash in the bank

Net Current Assets

-£6k

Working capital

Current Assets

—

Current Liabilities

£6k

0avg. employees

Balance Sheet

Bank loans & overdrafts£22k
Assets less current liabilities-£6k
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
2024—-£2k
20230.00-£5k
20221.87-£2k
20212.94+£1k
20201.90-£27k
20191.63-£4k

Derived from filed accounts. Not audited figures.