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Magic Estates Limited

09674669

active
Private Limited Company
Companies House
Health Score
74 / 100

Some Concerns

30/30
Filing
10/30
Financial
34/40
Risk
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

CROWN HOUSE, LONDON, NW10 7PN
Incorporated 07/07/2015

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68209
Other letting and operating of own or leased real estate

Officers

Mr Karim Virani

director · Since 13/07/2015

SOLICITOR

BRITISH · ENGLAND · Age 45

Also on 5 other boards

Rahim Virani

director · Since 13/07/2015

SOLICITOR

BRITISH · ENGLAND · Age 49

Also on 2 other boards

Rahim Virani

secretary · Since 23/09/2016

Also on 2 other boards

Persons with Significant Control

Mr Nazmu Virani

75–100% shares

British · England · Age 78

Crown House, North Circular Road, London, NW10 7PN

Notified 27/08/2017

Mr Rahim Virani

ownership-of-shares-75-to-100-percent-as-trust

British · England · Age 49

Crown House, North Circular Road, London, NW10 7PN

Notified 24/04/2024

Mr Karim Virani

ownership-of-shares-75-to-100-percent-as-trust

British · England · Age 45

Crown House, North Circular Road, London, NW10 7PN

Notified 24/04/2024

Ms Shaila Viran

ownership-of-shares-75-to-100-percent-as-trust

British · England · Age 54

Crown House, North Circular Road, London, NW10 7PN

Notified 24/04/2024

Former PSCs

Mr Rahim Virani

Ceased 06/04/2016

Mr Karim Virani

Ceased 06/04/2016

Charges3 outstanding

Charge
outstanding

SANTANDER UK PLC

Created 01/08/2022Registered 04/08/2022
Charge
outstanding

SANTANDER UK PLC

Created 10/06/2022Registered 13/06/2022
Charge
outstanding

UNITED NATIONAL BANK LIMITED

Created 15/12/2017Registered 20/12/2017
Charge
satisfied

HABIBSONS BANK LIMITED

Created 14/10/2016Registered 17/10/2016Satisfied 11/04/2024

CompanyRankvs 92448+ SIC 68209 peers
45

Financial strength97th percentile among SIC peers · 24/25
Employees18th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.46× · 2/20
Longevity11 years trading (max 15) · 11/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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92448Magic Estates Limited
54
How is this score calculated?
Financial strength24/25 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.

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 31/03/2025

Net Worth

£2.7M

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£3.2M

Working capital

Current Assets

£2.7M

Current Liabilities

£5.8M

Fixed Assets

£5.8M

0avg. employees

Balance Sheet

Assets less current liabilities£2.7M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.46+£0
20250.46+£0
20240.46+£0
20230.46+£2.7M
20220.00+£0
20210.00+£9k
20200.00—
20190.00—

Derived from filed accounts. Not audited figures.