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Magic Living 2 Limited

09445249

active
Private Limited Company
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
20/30
Financial
30/40
Risk
  • 7 outstanding charges (-10)

Details

MAGIC HOUSE 5-11, LONDON, N13 4TN
Incorporated 18/02/2015

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

41100
Development of building projects
68100
Buying and selling of own real estate
68209
Other letting and operating of own or leased real estate

Officers

Mr Mario Michael

director · Since 18/02/2015

DIRECTOR

BRITISH · ENGLAND · Age 58

Also on 13 other boards

Mr Simon John Oliver

director · Since 18/02/2015

DIRECTOR

BRITISH · UNITED KINGDOM · Age 62

Also on 51 other boards

Persons with Significant Control

Mr Simon John Oliver

25–50% shares

British · England · Age 62

Magic House 5-11, Green Lanes, London, N13 4TN

Notified 06/04/2016

Hartsfield Investments Uk Limited

25–50% shares

Magic House, 5-11 Green Lanes, London, N13 4TN

Reg: 13036181 · England & Wales · Limited Company

Notified 23/11/2020

Former PSCs

Mr Christofis Michael

Ceased 23/11/2020

Charges7 outstanding

Charge
outstanding

SANTANDER UK PLC

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outstanding

CYNERGY BANK LIMITED

Created 18/09/2019Registered 19/09/2019
Charge
outstanding

CYNERGY BANK LIMITED

Created 15/03/2019Registered 18/03/2019
Charge
outstanding

BANK OF CYPRUS UK LIMITED

Created 24/04/2018Registered 24/04/2018
Charge
outstanding

BANK OF CYPRUS UK LIMITED

Created 18/09/2017Registered 18/09/2017
Charge
outstanding

BANK OF CYPRUS UK LIMITED

Created 18/09/2017Registered 18/09/2017
Charge
outstanding

SVENSKA HANDELSBANKEN AB (PUBL)

Created 28/09/2015Registered 02/10/2015

CompanyRankvs 225960+ SIC 41100 peers
53

Financial strength99th percentile among SIC peers · 25/25
Employees68th percentile among SIC peers · 10/15
LiquidityCurrent ratio 0.15× · 2/20
Longevity11 years trading (max 15) · 11/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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22596Magic Living 2 Limited
63
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.

Employees10/15 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.

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.

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 28/02/2025

Net Worth

£9.2M

Balance sheet strength

Cash

£43k

Cash in the bank

Net Current Assets

-£11.2M

Working capital

Current Assets

£2.0M

Current Liabilities

£13.2M

Debtors

£1.9M

2avg. employees

Tax at Year End(2022)

Corp tax£88k

Balance Sheet

Bank loans & overdrafts£11.9M
Assets less current liabilities£11.3M
Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20250.15+£160k
20241.38+£468k
20221.04+£2.5M
20200.07—

Derived from filed accounts. Not audited figures.