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Mg Lakes Property Limited

09362359

active
Private Limited Company
england wales
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)

Details

ONE ELEVEN, BIRMINGHAM, B3 2HJ
Incorporated 19/12/2014

Compliance

Last accounts

31/12/2024

unaudited abridged

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 16/12/2025

Due 30/12/2026

On track

Industry

77110
Renting and leasing of cars and light motor vehicles

Officers

Gateley Secretaries Limited

secretary · Since 17/03/2015

Also on 472 other boards

Mr Martin Joseph Mcauley

director · Since 17/03/2015

DIRECTOR

BRITISH · ENGLAND · Age 64

Also on 18 other boards

Mr Graham Barratt Sinclair

director · Since 17/03/2015

DIRECTOR

BRITISH · ENGLAND · Age 78

Also on 3 other boards

Persons with Significant Control

Mr Graham Barratt Sinclair

25–50% shares

British · England · Age 78

Caerleon, 2 Clarence Road, Malvern, WR14 3DU

Notified 30/06/2016

Mr Martin Joseph Mcauley

25–50% shares

British · United Kingdom · Age 64

One Eleven Edmund Street, Birmingham, B3 2HJ

Notified 30/06/2016

Charges0 outstanding

Charge
satisfied

LLOYDS BANK PLC

Created 26/07/2018Registered 27/07/2018Satisfied 05/09/2025
Charge
satisfied

LLOYDS BANK PLC

Created 31/08/2016Registered 05/09/2016Satisfied 05/09/2025
Charge
satisfied

LLOYDS BANK PLC

Created 02/06/2016Registered 02/06/2016Satisfied 05/09/2025

CompanyRankvs 490+ SIC 77110 peers
74

Financial strength100th percentile among SIC peers · 25/25
Employees17th percentile among SIC peers · 3/15
LiquidityCurrent ratio 5.98× · 20/20
Longevity11 years trading (max 15) · 11/15
Filing complianceAll filings up to date · 15/15
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490Mg Lakes Property Limited
74
How is this score calculated?
Financial strength25/25 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.

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.

Longevity11/15 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

£13.6M

Balance sheet strength

Cash

£4.6M

Cash in the bank

Net Current Assets

£4.1M

Working capital

Current Assets

£4.9M

Current Liabilities

£818k

Fixed Assets

£11.6M

Debtors

£244k

0avg. employees

Balance Sheet

Bank loans & overdrafts£168k
Assets less current liabilities£15.6M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20245.98+£532k
20231.59+£3.9M
20220.64+£632k
20210.96+£687k
20201.24+£795k
20190.72+£278k
20183.86—

Derived from filed accounts. Not audited figures.