Magic Torch Consulting Limited
09704420
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Mr Jamie Welsby
British · England · Age 49
24, 24 Grenobank Road,, Sheffield, S35 8NW
Notified 24/07/2016
Former PSCs
Mr Jamie Welsby
Ceased 24/07/2016
CompanyRankvs 75649+ SIC 62020 peers46
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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 31/07/2025
Net Worth
-£3k
Balance sheet strength
Cash
£7k
Cash in the bank
Net Current Assets
-£3k
Working capital
Current Assets
£22k
Current Liabilities
£25k
Debtors
£14k
Tax at Year End
Director Loans
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit | Est. Revenue |
|---|---|---|---|
| 2025 | 0.88 | -£129 | £173k |
| 2024 | 0.87 | -£9k | £104k |
| 2023 | 1.23 | — | £144k |
| 2022 | 1.02 | — | £131k |
| 2021 | 0.89 | — | £88k |
| 2020 | 0.97 | — | £88k |
| 2019 | 0.88 | — | — |
Derived from filed accounts. Not audited figures.