Magma Electrical Ltd
09499691
Healthy
No risk factors detected.
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 10/05/2016
ELECTRICAL CONTRACTOR
BRITISH · UNITED KINGDOM · Age 43
Persons with Significant Control
Mr Christopher Reeves
British · United Kingdom · Age 43
262, Stockport Road, Stockport, SK6 6EX
Notified 07/04/2016
Mr Joel Forrester
British · United Kingdom · Age 41
26, Kepplecove Meadow, Manchester, M28 1YN
Notified 01/06/2024
Former PSCs
Mr John Howard Reeves
Ceased 22/04/2022
CompanyRankvs 1471+ SIC 61900 peers76
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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 31/03/2025
Net Worth
£105k
Balance sheet strength
Cash
£34k
Cash in the bank
Net Current Assets
£67k
Working capital
Current Assets
£193k
Current Liabilities
£126k
Fixed Assets
£50k
Debtors
£154k
Tax at Year End(2024)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 1.53 | +£71k |
| 2024 | 0.93 | -£10k |
| 2023 | 1.31 | +£25k |
| 2022 | 1.17 | -£37 |
| 2021 | 1.12 | -£19k |
| 2020 | 1.29 | -£36k |
| 2019 | 2.64 | — |
Derived from filed accounts. Not audited figures.